Do you feel just a little bit lost on managing your retirement money at work? Don’t feel like your alone. A recent study shows that MOST Americans have no clue how to pick investments in their 401k, and worse yet, even more people feel like they’re investing poorly for their retirement! If you want to fix your 401k plan (that thing you save into for retirement…), we’re coming to the rescue. Today we’ll discuss the good, the bad, and the stop doing this before you ruin your retirement.
There are MANY ways to make your 401k grow faster, but today we’ll discuss how to pick better investments, save more money, stop making trading mistakes, picking better funds, and more.
Later in the show we’ll throw out the Haven Life line to caller AJ, who wants our thoughts on buying a property at a discount to be used as an Airbnb. With the rest of AJ’s bills paid, and the 401k and other retirement accounts fully funded, AJ and her husband have put in a $460,000 offer for a $540,000 house. So, is it a good time to make this investment?
As always, we’ll carve out some time for Doug’s trivia.
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Today’s Featured Piece: 25 Ways To Fix Your 401k
Our BIG discussion piece for today comes from GoBankingRates.com. You can read the articel along with Joe and OG during the show by clicking HERE.
- What famous American initiated the first street sweeping service in the U.S. in 1762 with an act regulating the “pitching, paving and cleaning” of the streets of Philadelphia?
Haven Life Line
- AJ and her husband want to purchase a house in North Idaho to use as an Airbnb. Due to COVID-19 and the drop in demand for rental properties, they were able to put in an offer far below asking price. With the rest of their bills paid off and retirement accounts fully funded, AJ asks: what are our thoughts on them paying $460,000 for the property? The home was originally listed for $540,000.
Want the guys to answer your question? You can call into the Haven Life Line and get your question answered on-air HERE.
Join Us Friday
2020 has given a lot of financial lessons, including the need for us to flexible in our plans and goals. On Friday we’ll be joined by Scott Trench, CEO of the giant real estate community resource, BiggerPockets.com, to dive into how you an put yourself in a position to pivot quickly to change.