Most people use 401(k)s to save and invest for retirement. Oftentimes, they are great tools! But you must watch out for the hidden landmines that come with 401(k)s.
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TIMESTAMPS
00:00 Intro
00:31 401(k) Overview
00:53 Internal Expenses
01:39 Underperformance
02:21 Missing Asset Classes
03:19 Helpful Tip
04:31 Outro…(read more)
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A very well-presented and informative video, Brad! The 4th landmine in many people's 401(k) is that it is a ticking tax timebomb. Therefore, people who have accumulated a disproportionally large sum of money in tax-deferred accounts (401k and/or IRA) as compared to their Roth and/or non-qualified accounts, should strongly consider consulting their CFA or CPA to determine whether and when Roth conversions might be a good option.