We’ll start tonight looking at whether it’s a good idea to contribute to your employer’s 401(k) or other retirement plan if they don’t match your contributions. Then I’ll answer your questions.
*Join the Newsletter. It’s Free:*
*Financial tools I use:*
*I track all of my investments, performance, fees, and asset allocation with Empower. It’s Free:*
*My retirement plan comes from New Retirement, the most robust retirement planner available at a reasonable cost:*
*I used Capitalize for my last 401(k) rollover. They did all of the work, and it’s Free:*
*My budgeting tool of choice is Tiller. It downloads all your banking data to Excel or Google Sheets:*
*We save and invest our credit card rewards. Here are some of my favorite credit cards:*
*My Book (Retire Before Mom and Dad):*
Timestamps
0:00 – Welcome to the Financial Freedom Show!
0:32 – Sad night for the Buckeyes
1:17 – Should You Contribute to a 401K If There Is No Match?
15:35 – Fixed income perspective article
17:33 – Investing in farmland
20:27 – New Retirement
28:56 – Total tax burden per state via online software
31:26 – Social Security
32:36 – New changes at IBM
33:20 – Retiring in CA with a taxable account
36:48 – My stock portfolio
39:55 – Contributing to a 401K with high fees or save separately?
41:04 – Eliminating sequence risk
45:04 – Using more than one brokerage
45:53 – Buckeyes QB
46:44 – Berkshire post Warren Buffett
48:31 – Black Rock TIPS etf
51:20 – Individual TIPS vs TIPS funds
53:49 – What does one do after Roth is invested in?
54:22 – VTEB and VTIP
56:55 – Old wager between friends
57:43 – 5 year rule for Roth IRA
1:00:38 – FSRNX vs Fundrise
1:02:47 – Taxes can be driven up in retirement
1:03:46 – Taking money out of investments
1:10:23 – Can’t track Vanguard
1:11:11 – Contributing to a traditional IRA
1:17:37 – BETR
1:20:05 – Wells Fargo transfer partners
1:20:57 – Considering yourself financially independent
1:24:37 – Dividend funds during an accumulation phase
1:26:07 – Maxing out TSP/401K
1:26:55 – Am I retired?
1:29:29 – The Bird Opening
1:31:06 – Announcements
1:31:39 – Financial Freedom
#retirement #investing #robberger
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I’m the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I’m also the author of Retire Before Mom and Dad–The Simple Numbers Behind a Lifetime of Financial Freedom (
LET’S CONNECT
Youtube:
Facebook:
Twitter:
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom….(read more)
HOW TO: Hedge Against Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Should You Contribute to a 401(k) If There Is No Match? Live Q&A
When it comes to saving for retirement, one of the most commonly asked questions is whether you should contribute to a 401(k) if there is no employer match. A 401(k) is a retirement savings plan sponsored by an employer that allows employees to save and invest a portion of their paycheck before taxes are taken out. Some employers offer a 401(k) match, where they will match a percentage of the employee’s contributions up to a certain limit. However, not all employers offer this benefit, leaving some employees to wonder if it’s still worth contributing to a 401(k) without a match.
To address this common query, we are hosting a live Q&A session to provide expert insights and advice on the topic. Our panel of financial experts will be discussing the pros and cons of contributing to a 401(k) without a match, as well as alternative retirement savings options to consider. Whether you’re just starting your career or nearing retirement age, this Q&A session will provide valuable information to help you make informed decisions about your retirement savings.
Key points to be discussed in the live Q&A session include:
1. The importance of saving for retirement, regardless of employer match. Our experts will emphasize the long-term benefits of contributing to a 401(k) and the impact it can have on your financial security in retirement.
2. The potential tax advantages of contributing to a 401(k). Our panel will explain how contributing to a 401(k) can lower your taxable income and help you save for retirement more efficiently.
3. Alternative retirement savings options to consider. Without an employer match, some individuals may want to explore other retirement savings avenues, such as individual retirement accounts (IRAs) or taxable investment accounts. Our experts will provide insights into these alternatives and how they compare to a 401(k) without a match.
4. The role of employer-sponsored retirement plans in a comprehensive savings strategy. Even without a match, a 401(k) can still be a valuable tool in your retirement savings portfolio. Our panel will discuss the potential growth and investment options available within a 401(k) and how it can complement other savings vehicles.
5. Tips for maximizing the benefits of a 401(k) without a match. Our experts will share practical strategies for optimizing your 401(k) contributions and making the most of the available retirement savings options.
Whether you’re currently contributing to a 401(k) without a match or are considering enrolling in a plan, this live Q&A session will provide valuable insights to help you make informed decisions about your retirement savings. Join us for this interactive discussion and get your questions answered by our panel of financial experts.
Don’t miss out on this opportunity to learn more about the best retirement savings strategies for your future financial security. Tune in to our live Q&A session and gain valuable insights into whether you should contribute to a 401(k) without a match.
My inheritance, a whooping 1m has grown only 4.72% in the past 12 months. In this bear environment does investing w/ a brokerge account under a custodian outperform a 401k? should I seek a pro to grow my funds on brokerage or still hold? I have 5 years to retire. Happy to discuss this.
we pay taxes now and we wull be taxes later. it is what it is. i get no match in my 401k but i still put in about 17%. i max the Roth as well and HSA. so overall, im throwing about 30% of my income into everything. i have a pension, but just incase… im making my own.
Hate I missed the livestream. I loved NYPD Blue. I've watched the whole series at least three times.
The way 401k (Trad IRA) vs Roth IRA was explained to me is that you contribute at your highest tax bracket when you are employed, which reduces your tax bill and more take-home pay. Then when you retire and no longer have income from employment, you redeem when your income is lower and in a lower tax bracket
The hope is that in the future the rates in lower tax brackets, as well as the income requirement for lower tax brackets, don't increase.
FTR, I am playing both sides. I'm maxing out a Roth IRA and contributing to a employer-sponsored (but no match) 401k.
wait, 70% of your stock portfolio is apple? doesnt this go against everything most pro's recommend ie, not trying to pick winners??!
anyways these momentum stocks have been killing the market for a decade. it's just scary wondering of they will keep thar up.
With nearly a dozen players hitting the xfer portal, its not looking good for Ohio State next year…But at least youre a loyal fan.
Important question: Do you need me to send you a sweatshirt in LSU purple and gold?
went all Stanislavski on the game i see.
gunna look up andy griffith what it was, was football
Long term, when the 401k is passed on and it becomes an inherited IRA. That gives the recipient 10 years to exhaust it, the tax consequences can be a lot more especially in NY, calif, and other high tax states
Megabackdoor Roth, yes.
1:17:20 Yes trad IRA is covered as I know.
What causes taxes to go up later in life? Democrats happen…
Depends on the plan's fees and investing options.