Choose Your Fighter: 401k or Roth IRA

Money Rehab with Nicole Lapin

Money News Network

Education, Self-improvement, Business

4.6 • 1.7K Ratings

🗓️ 30 June 2021

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

401k... IRA… alphabet soup… help? Nicole breaks down the difference between the darlings of the retirement world, and how to know which option is right for you. Learn more about your ad-choices at https://www.iheartpodcastnetwork.comSee omnystudio.com/listener for privacy information.

Transcript

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0:00.0	Hey guys, are you ready for some money rehab?
0:05.1	Wall Street has been completely upended by an unlikely player. Game stop.
0:08.8	That's a good one.
0:09.8	Ian and should I have a 401k because then I can do it?
0:12.6	No, I know.
0:14.1	No!
0:15.1	I don't think the whole world will revolve around you on your money.
0:17.6	What a dumb man!
0:18.8	I think I got it.
0:19.8	Charge for wasting our time.
0:22.9	I can do it.
0:23.8	I will take a shot.
0:24.9	I got a bullsh**t.
0:26.4	Bullsh**.
0:27.4	You recognize her for anchoring on CNN, CNBC, and Bloomberg.
0:31.8	The only financial expert you don't need a dictionary to understand.
0:36.2	The cold lap in.
0:38.2	These days we have a lot of choice when it comes to savings plans for retirement.
0:43.8	Back in the day though, it was Social Security, Medicare, and pensions.
0:48.2	And that's it.
0:49.4	Today there are eight different kinds of benefits plans that your employer can offer.
0:55.0	But employers push the choice onto you because they don't want to be on the hook for liability.
	...

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