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Reasons Why You Shouldn’t Invest in a 401(k)
Manage episode 366759679 series 3481242
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For many people, their 401(k) is one of their main investment vehicles. While it can be a fantastic choice, today we highlight the reasons why it might not be the right fit for everyone. There are times when you might not want to invest in a 401(k) or invest as much into it.
Here are the reasons we talk through on today’s show:
- Are you worried about having enough in your retirement account? (4:25)
- If you don’t have an emergency fund, should you put money into a 401(k)? (4:56)
- If you aren’t getting a match, is it worth it? (7:44)
- If you don’t work at the company, why is your money there? (10:33)
- Do you need the money before retirement? (11:38)
For more, visit us online: http://thefinancialanswer.com
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