401K - How Saving For Retirement May Not Make Sense

On this episode of Money on Tap, Ben and Seth recap the pros and cons of 401(k)s as the tax rates are changing annually. For some, 401(k)s are becoming outdated and there may be smarter options out there for saving money in order to retire comfortably. In an easy-to-understand way, the co-hosts of Money on Tap explain what each option looks like and what the ideal choice is for savers nowadays. Rest assured that there is an option out there for everyone, and Money on Tap desires to help each person get the best out of their financial choices. Ben Brayshaw and Seth Krussman are partners of Brayshaw Financial Group. Having questions about retirement and financial planning is normal, and the Brayshaw Financial Group is here to help! Reach out to Ben and Seth at 855-226-8551, or [email protected] doesn't inflation feel like the official 3%?Because inflation is the rate at which prices rise, while affordability is the level of prices you have to live with — and that level never resets. Retirees also buy a different basket than the CPI emphasizes: shelter costs, insurance, property taxes, healthcare, prescriptions, food, and fuel, several of which run far hotter than headline inflation. Oil compounds it, touching every leg of the delivery chain. A resilient retirement plan stress-tests income needs well above the Fed's target and fights back with pricing-power equities, reasonable bond yields, guaranteed lifetime income for core expenses, and tax mitigation that lets you keep more of every distribution.