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Afford Anything

Ask Paula: Should I Stay At My Job For the 401k?

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 21 December 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

#419: Casey isn’t happy at her job. If she leaves before her one-year mark, she’ll lose her 401k contributions. Should she stay or find a new job? Daan resides in a high-cost-of-living area where real estate appreciates rapidly. But there’s no cash flow. How should he evaluate real estate as an investment? Emily already maximizes her 401k contributions. Should she contribute to an after-tax 401k next? Ryan’s investing for his son. If the yield is the same between two mutual funds, can he leave his son with more money if one mutual fund pays dividends more frequently? Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode. Enjoy! P.S. Got a question? Leave it at https://affordanything.com/voicemail For more information, visit the show notes at https://affordanything.com/episode419 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:10.9

Every choice that you make is a trade-off against something else and that doesn't just

0:14.0

apply to your money.

0:15.0

That applies to your time, your focus, your energy, your attention to any limited resource

0:19.5

that you need to manage.

0:21.2

Saying yes to something implicitly carries trade-offs and that opens up two questions.

0:26.2

First, what matters most and second, how do you align your decision making around that

0:32.1

which matters most?

0:34.7

Answering these two questions is a lifetime practice and that's what this podcast is

0:38.3

here to explore and facilitate.

0:40.1

My name is Paula Pant.

0:41.4

I am the host of the Afford Anything Podcast.

0:44.2

Every other episode, we answer questions that come from you and my buddy, former financial

0:49.6

planner Joe Salcihi, joins me to answer these questions.

0:52.8

What's up, Joe?

0:53.8

I am buckled in and ready to go, Paula.

0:56.2

We have some great ones as always.

0:59.1

Big 401K theme to this episode.

1:02.2

It's weird how we have these inadvertent themes, isn't it?

1:05.6

We can already see it emerging and maybe there'll be another one.

1:09.0

Who knows?

1:10.0

I guess that means a lot of people are thinking about the same thing at the same time.

...

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