Sep 10, 2020
For many of us, a 401(k) is a great way to set money aside for retirement. When it comes right out of your paycheck and perhaps your employer is matching it, it grows over time. But what happens if that changes moving forward? What other options do you have available? We'll talk about all of that on this episode.
Read more and get additional financial resources here: https://financialplanningva.com/turning-your-401k-upside-down/
What we discuss on the show:
0:16 - What happens if the idea behind the 401(k) is turned upside down?
2:13 - Some politicians are promising to end the traditional 401(k) style retirement benefits.
4:11 - What happens if the tax rates rise?
5:03 - A listener finally converted his retirement savings to a Roth.
6:38 - The market has been strong lately, but is it giving a false sense of security?