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Listen to Johnson Brunetti's Money Wisdom with Joel Johnson CFP®, host of Better Money Television program and Forbes Contributor. Gain true financial wisdom and advice aimed at educating you about all of your financial options when it comes to retirement so you can make the best decisions for you and your family. Get information and education that can bring you peace of mind with your savings and retirement. Whether it’s your 401k account, IRA, or an underperforming asset, Joel Johnson can answer your questions and make you more aware of issues that may affect you.

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  1. All Episodes
  2. 401Ks Aren’t Perfect

401Ks Aren’t Perfect

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.

 

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