DiscoverRetirement Planning With R & L Elevation Enterprises6 Reasons Why a 401(k) May Not Be the Safest Investment for Your Retirement
6 Reasons Why a 401(k) May Not Be the Safest Investment for Your Retirement

6 Reasons Why a 401(k) May Not Be the Safest Investment for Your Retirement

Update: 2024-09-14
Share

Description

In this episode of "Retirement Planning with R & L Elevation Enterprises", Reginald Williams explores the intricacies of 401(k) retirement plans. Reginald addresses the limited investment options that are usually predefined by the plan provider, which can restrict portfolio diversity and limit growth. He discusses the often imprecise and substantial 401(k) fees, warns about the tax liabilities retirees may face in a higher tax bracket, and emphasizes the dangers of loan penalties. Market volatility is also discussed, with Reginald mentioning the risk of significant losses during market downturns. The episode closes by probing the issues with liquidity and the importance of diversification, informed decisions, and seeking financial advice when retirement planning.
Comments 
loading
In Channel
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

6 Reasons Why a 401(k) May Not Be the Safest Investment for Your Retirement

6 Reasons Why a 401(k) May Not Be the Safest Investment for Your Retirement

Podcraftr