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Ep 99: Is A 401(k) The Right Savings Tool For Retirement?
Manage episode 360564551 series 2891513
When it comes to saving for retirement, many people automatically turn to the 401(k) as their go-to account. But is it really the best option for everyone? While the 401(k) is certainly a powerful tool, it may not be the best choice for all your retirement savings. In this episode, we'll explore the pros and cons of 401(k) plans and introduce alternative retirement savings options that can help diversify your portfolio and provide flexibility for your retirement.
Here’s some of what you’ll learn on this episode:
- 3:42 – Some of the pros of a 401(k).
- 6:45 – Some downsides to a 401(k).
- 13:20 – Thinking about tax diversification and some alternative accounts that are out there.
- 14:59 – The most underutilized account out there, in Scott’s opinion.
- 20:24 – There are a lot of benefits to the 401(k), but tax diversification is important.
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: office@sierensfinancialgroup.com
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
147 episodes
Ep 99: Is A 401(k) The Right Savings Tool For Retirement?
The Retirement Show: Your Life, Your Money with Scott Sierens
Manage episode 360564551 series 2891513
When it comes to saving for retirement, many people automatically turn to the 401(k) as their go-to account. But is it really the best option for everyone? While the 401(k) is certainly a powerful tool, it may not be the best choice for all your retirement savings. In this episode, we'll explore the pros and cons of 401(k) plans and introduce alternative retirement savings options that can help diversify your portfolio and provide flexibility for your retirement.
Here’s some of what you’ll learn on this episode:
- 3:42 – Some of the pros of a 401(k).
- 6:45 – Some downsides to a 401(k).
- 13:20 – Thinking about tax diversification and some alternative accounts that are out there.
- 14:59 – The most underutilized account out there, in Scott’s opinion.
- 20:24 – There are a lot of benefits to the 401(k), but tax diversification is important.
Want to get in touch?
Web: https://sierensfinancialgroup.com/
Email: office@sierensfinancialgroup.com
Phone: 847-235-6989
Read more and get additional financial resources here: http://lifemoneyshow.com
Check out our YouTube channel: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ
147 episodes
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