Why You Should NOT Invest In A 401(k) (Ep 115) episode artwork

EPISODE · Jul 5, 2023 · 22 MIN

Why You Should NOT Invest In A 401(k) (Ep 115)

from My Retirement Clarity with Lee Perkins · host Lee Perkins

Don’t get us wrong. In many cases, your 401(k) can be your best investment vehicle, offering numerous benefits and tax advantages and many times a 100% return on some of your contributions (also known as an employer match). However, it's important to recognize that it might not always be the optimal choice for everyone. Join us in this thought-provoking episode as we dissect some reasons why someone should NOT invest in a 401(k).   Here’s what we’ll discuss in this episode: Having an emergency fund in place before you contribute to your 401k. (3:55) If your employer doesn’t match contributions to your 401k. (6:21) Tackling debt before you start investing. (8:16) Moving your money out of old 401ks if you no longer work for the company.  (13:07) Limited investment options and hidden fees. (16:09)   Want to set up a meeting with us? Visit us here: http://talkwithlee.com Get more financial education at http://myretirementclarity.com

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Why You Should NOT Invest In A 401(k) (Ep 115)

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