EPISODE · Dec 8, 2023 · 9 MIN
181 | Harmful 401(k) Contributions
from Personal Finance for Lawyers · host Rho Thomas
Sometimes good financial advice can actually hurt your finances. That's exactly what happened to some of my clients and to me when we followed the common advice to maximize our contributions to our retirement accounts. In this episode, let's talk about our stories of saving for retirement to the detriment of our finances, why that advice wasn't the best for us, and the importance of considering your personal financial situation in applying any financial advice you receive. Head to https://www.rhothomas.com/181 for the full episode show notes. Join Money Mastery at https://www.rhothomas.com/join.
What this episode covers
Sometimes good financial advice can actually hurt your finances. That's exactly what happened to some of my clients and to me when we followed the common advice to maximize our contributions to our retirement accounts. In this episode, let's talk about our stories of saving for retirement to the detriment of our finances, why that advice wasn't the best for us, and the importance of considering your personal financial situation in applying any financial advice you receive. Head to https://www.rhothomas.com/181 for the full episode show notes. Join Money Mastery at https://www.rhothomas.com/join.
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181 | Harmful 401(k) Contributions
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