Counterintuitive Advice: Why You Should NOT Invest In A 401(k) from Phil's Tax Hacks

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

17 minutes Posted Jun 22, 2023 at 9:00 am.

– If your employer doesn’t match contributions

– Do you have an emergency fund?

– Having high-interest debt

– If you’re worried about future tax expenses

– If you no longer work at the company

– If you're concerned about control, flexibility and limited investment options

0:00

17:12

Download MP3

Share at current time

Show notes

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:

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

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

← See all 221 episodes of Phil's Tax Hacks