For many people, the 401(k) is an easy account to manage. The money comes out of your paycheck before you get the chance to spend it so it’s like you never had it in the first place. That makes it a great tool for retirement savings but because it’s so painless, people often ignore it more than they should. 

 

But your 401(k) deserves attention and there are certain considerations you need to make before deciding if and how much you’re contributing to this retirement account.  

 

Here are some of the things we discuss in this episode:

1:07 – How much do you need liquid assets?

2:25 – Know what your employer contributions are

4:48 – Make sure you know the future tax implications

5:43 – Don’t forget about ‘orphaned money’

7:48 – Is it fake, Jake? US economy too good to be true?

13:41 – A Woman’s Word: Mistakes women make 

20:12 – Mailbag question on the next stock market crash

 

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