Aug 30, 2024
It might seem a bit counterintuitive to hear reasons why you shouldn’t be putting money into your 401k, but there are times when it makes more sense to allocate that money elsewhere. In our latest episode of the Money Wisdom podcast, Jake Doser, CFP®, CPWA® will explore scenarios where a 401K might not be the optimal choice.
Here’s some of what we discuss in this episode:
- Build up your emergency fund before you focus on locking money away in a retirement account.
- How are you addressing each potential financial pitfall and doing it in a healthy, holistic way?
- If your employer doesn’t match your 401k, you might have better investment options outside of it.
- Future tax rates might make you rethink tax-deferred contributions.
- Why you might not want to leave money in a 401k when you change employers.
Check out our other free financial resources here: https://johnsonbrunetti.com/financial-resources/
Contact our team: https://johnsonbrunetti.com/contact-us/