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InvestTalk

04-23-19: 1 In 4 Young People Dip Into 401(K)s To Pay Off Debt And This Is A Real Problem

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

Business, News, News Commentary, Entrepreneurship, Investing, Business News

4.41.5K Ratings

🗓️ 23 April 2019

⏱️ 47 minutes

🧾️ Download transcript

Summary

Experts say the short-term relief from paying down debt is not worth the consequences of taking money out of retirement savings.


Today's Stocks & Topics: I-R-A Penalty Fee, GBDC - Golub Capital BDC Inc., BAYRY - Bayer AG ADR, TDOC - Teladoc Health Inc., JO- iPath Series B Bloomberg Coffee Subindex Total Return ETN, Tesla Driver-less Car, 401k Inflows, HYRE - HyreCar Inc., Average Retirement Savings by Age.

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Transcript

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0:00.0

Steve and justin use why charts for their winning investment research

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discount at whyCharts.com. This podcast is produced by KPP Financial, Steve

0:19.3

Peasley President, KPP Financial, Independent Thinking, shared success.

0:26.3

And now today's podcast.

0:28.8

Good afternoon investors and welcome to Invest Talk. This is our Tuesday, April 23rd, 2019 edition of Invest Talk.

0:42.0

So this is my one hour with you each weekday. I'm

0:46.9

Justin Klein and I thank you for joining me today and I hope you will call me with

0:51.3

your investing and money related questions during this hour and I always

0:55.6

encourage you to do it sooner rather than later.

0:58.7

Now if you, there's no requirement that you do call, but we can shape the show to your liking if you do and help you,

1:07.0

maybe in more particular, reach your particular version of Financial freedom, which is our goal each and every day

1:16.1

and invest talk, and we do that with a philosophy of independent thinking and shared success.

1:21.9

We're not the CNBCs of the world. I'm not Jim Kramer, thank God.

1:26.4

And we try to share along or bring you along with our success every day, each and every weekday on Invest Talk.

1:37.0

Now, in this hour, I'm going to do my best to move you incrementally along and really get you to fill the gaps in your knowledge.

1:50.0

And that, we all have gaps in knowledge across a lot of different topics. I know I do.

1:56.0

I'm not that great at science, but you know, my girlfriend's a doctor, so she's definitely helped me fill in a lot of those gaps right so

2:08.1

Our goal here is to help fill in those little gaps each and every weekday.

2:12.8

Okay?

2:13.6

Now, our anytime listener line is open right now

2:17.0

and I'm taking your calls live at 88999 chart.

...

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