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Counterintuitive Advice: Why You Should NOT Invest In A 401(k)

Episode 188 Published 3 years, 4 months ago
Description

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 the reasons why someone should NOT invest in a 401(k).

 

Here are some of the things we’ll address in this episode:

  • 2:01 – If your employer doesn’t match contributions
  • 3:41 – Do you have an emergency fund?
  • 5:36 – Having high-interest debt
  • 6:55 – If you’re worried about future tax expenses
  • 11:09 – If you no longer work at the company
  • 12:28 – If you're concerned about control, flexibility and limited investment options

 

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: Phil's Tax Hacks and Other Retirement Facts

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