Average 401(k) Balance by Age (2020 Edition): Are You Behind?
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 26 June 2020
⏱️ 57 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | 4-1K balanced by age. |
| 0:03.8 | It's Brian Preston, the money guy, restoring order to your financial chaos, retirement, |
| 0:10.9 | investing, taxing. |
| 0:12.6 | You've got financial questions, he's got financial answers. |
| 0:16.2 | It's Brian Preston, the money guy. |
| 0:19.8 | Brunt, I love the shows where we get to break out a spreadsheet, where we get to take an |
| 0:24.8 | idea that someone else has come up with or some other thought someone else has. |
| 0:28.9 | And sprinkle a little bit of that money guy magic, that money guy dust on it, that |
| 0:33.8 | pixie dust on it, and make it better. |
| 0:36.3 | And I feel like over the last, I don't know, week, 10 days maybe, this show has taken |
| 0:41.9 | on a life of its own. |
| 0:43.7 | And I think it has turned awesome. |
| 0:46.5 | If you go back, we did a show in 2019, 4-1K balanced by age. |
| 0:51.6 | This is going to be a completely different show because of exactly some of the things |
| 0:55.3 | you shared. |
| 0:56.3 | And this is just to give everybody kind of a peek behind the curtain. |
| 0:59.4 | We have realized that one of the unique things, we love the abundance cycle where people |
| 1:03.4 | come, get it loved on you, learn, you apply, you grow. |
| 1:07.6 | But there's a complete difference between what planning needs a 20-year-old has versus |
| 1:13.1 | a 50-year-old. |
| 1:14.1 | That's right. |
| 1:15.1 | And we've kind of recognized that there's some customization, some uniqueness. |
... |
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