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Mind Your Money Podcast is an extension of the great education and conversation the Bradshaw Rogers Financial Partners team has always believed in. This show will extend the kinds of financial and retirement planning topics we've covered over the years in our video series and blogs with the added ability to highlight and elevate some of the top business owners and leaders in and around Salisbury, NC.

Your hosts are Trent Bradshaw and Brandon Rogers of Bradshaw Rogers Financial Partners. If you would like to be a guest or ask Trent and Brandon a question, please reach out. Email office@bradshawfp.com or call 704-216-2260.

Discussions in this show are for educational purposes only. Information presented should not be considered specific investment advice or a recommendation to take any particular course of action. Always consult with a financial professional regarding your personal situation before making financial decisions. The views and opinions expressed are based on current economic and market conditions and are subject to change. All investing involves risk, including the potential for loss of principal. Securities and Advisory Services offered through United Planners Financial Services, Member FINRA, SIPC. Bradshaw Rogers Financial Partners and United Planners are not affiliated. United Planners and its representatives do not offer tax or legal advice.

  1. All Episodes
  2. Why You Should NOT Invest In A 401(k)

Why You Should NOT Invest In A 401(k)

Aug 17, 2023

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 some reasons why someone should NOT invest in a 401(k). 

 

By considering various scenarios, such as the absence of an employer match, the importance of having an emergency fund, and limited investment options, Trent and Brandon will present alternative perspectives on retirement savings. Tune in for a conversation about assessing your individual situation and discover how adjusting your investment strategy and exploring other options could potentially benefit you!

 

Here’s what we’ll discuss in this episode:

 

  • The importance of having an emergency fund before heavily investing in a 401(k)
  • If your employer doesn't offer a match for 401(k) contributions, you might want to consider other investment options
  • If you are drowning in debt, it might not be the best time to invest heavily in a 401(k)
  • If you are dissatisfied with the investment choices within your 401(k), exploring other retirement account options might be worthwhile

 

Contact:

Website: http://bradshawfp.com 

Email: office@bradshawfp.com

Call: 704-216-2260