25 Ways to Fix Your 401k

The Stacking Benjamins Show

Joe Saul-Sehy and Josh ‘OG’ Bannerman, CFP

Business, Financial Planning, Cfp, Education, Personal Finance, Retirement, Investing, Money

4.4 • 2K Ratings

🗓️ 10 June 2020

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Do you feel just a little bit lost managing your retirement funds? 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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Transcript

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0:00.0	take a deep breath relax inhale through your nose and exhale through your mouth
0:12.0	sit back and close your eyes gradually release the tension starting from toes, working up your legs to your pelvis,
0:24.9	and from your fingertips slowly up your arms to your shoulders.
0:32.0	The Stacking Benjamin's Show, no matter how bad it gets, is your favorite podcast.
0:40.9	I will count backwards from three, and when I snap my fingers, you'll be overcome with delight
0:48.7	at hearing the start of this episode.
0:52.9	Three, two, 1.
1:00.8	Live from Joe's Bob's basement.
1:06.6	It's the Stacking Benjamin Show.
1:08.9	Music It's the Stacking Benjamin Show.
1:22.5	I'm Joe's mom's neighbor, Doug, and today we're fixing everything around the house.
1:25.6	Like we're going to fix that leaky faucet in the upstairs bathroom.
1:28.0	We'll clean the screen door on the porch, and we'll also all pitch in with 25 ideas to help you fix your 401k. Plus, the English are about to
1:36.6	clean boot carnival cruise lines and easy jet out of the footsie. That's the FTSE 100 index. Are British people mean or is this a good thing?
1:47.4	We won't comment on the former, but the guys will have lots of thoughts on the ladder.
1:52.0	And of course, we'll also toss out the Haven Lifeline to AJ who's wondering about buying some clean, beautiful property in Idaho.
2:01.1	And now, two guys who never learned how to clean up their acts.
2:05.5	It's Joe and OJJJJJG.
2:13.7	Do you think Doug means axe like aax?
2:19.9	Like we've never cleaned up our axes from chopping down trees?
2:24.6	Hey, oh, welcome to Wednesday.
2:27.9	Strong man day.
	...

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