Getting Started with Your 401K: Overcoming Obstacles and Finding Reliable Resources with Laura Adams

The Investing for Beginners Podcast - Your Path to Financial Freedom

Andrew Sather

Investing, Business

4.1 • 1.5K Ratings

🗓️ 9 October 2023

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome back to another episode of The Investing For Beginners Podcast! In today's episode, we have a special guest joining us, Laura Adams from the Money Girl Podcast. Laura shares her experiences and insights into navigating the world of personal finance and investing. We'll dive into the challenges individuals face when it comes to tax-advantaged accounts, the importance of seeking financial advice, and the power of automation in saving for retirement. Laura's journey, from studying science to pursuing entrepreneurship and real estate, offers a unique perspective that will resonate with our listeners. So, whether you're just starting out or looking to refine your financial strategy, this episode is packed with valuable tips and stories that will help you on your financial journey. Let's jump right in! 00:01:57 Science undergraduate, entrepreneurial, real estate, MBA, personal finance 00:06:29 Limited help, 401K advice scarce from Wells Fargo. 00:09:29 Tax advantages make investing in Roth worthwhile. 00:13:23 Self-employed? Consider retirement accounts for savings. 00:17:12 Passive approach to stocks, use advisor. 00:18:55 Different types of investors in 401k. 00:24:32 Start planning for retirement five years before. 00:28:10 Savings rates have shifted; CD accounts attractive. 00:29:03 Investing wisely is crucial for financial success. 00:34:12 Consider talking to your boss for options. Automate payroll into your IRA for savings. 00:37:15 Appreciate Laura's work in teaching money. FInd out more about Laura here: Money Girl Facebook Twitter Instagram For more insight like this into investing and stock selection for beginners, visit stockmarketpdf.com Today's show sponsored by: Head to factormeals.com/investing50 and use code investing50 to get 50% off. SUBSCRIBE TO THE SHOW Apple | Spotify | Google | Stitcher | Tunein Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a Glassbox Media Podcast.
0:06.2	Imagine investing was as simple as assembling Ikea furniture.
0:09.6	Well, now it is with the average Joe, aka the Ikea instructions to investing.
0:14.8	Their free daily investing newsletters are short, simple, and concise.
0:18.8	Jam pack with market trends and insights to help you become a better investor.
0:22.7	Go to readthejo.com to sign up for free or click the link in our podcast description.
0:27.8	Again, that's readthejo.com or click on the link in our podcast description.
0:32.2	Hey there, I want to tell you about one of my favorite podcasts,
0:35.4	Freakonomics Radio.
0:36.7	Every week, host and bestselling author, Steven Dubner,
0:39.8	dives into the hidden side of business, economics, and so much more.
0:44.1	He interviews CEOs, historians, and noble laureates to explore all kinds of topics,
0:49.5	like whether AI has a sense of humor,
0:51.7	and how whales went from being economic engines to environmental icons.
0:56.1	If you're a curious person looking to better understanding the world around you,
0:59.7	you'll find everything you're looking for on Freakonomics Radio.
1:02.7	Listen wherever you get your podcasts.
1:07.0	Love this podcast because it crushes your dreams and getting rich quick.
1:10.2	They actually got me into reading stats for anything.
1:12.6	You're tuned in to the Investing for Beginners Podcast.
1:16.4	Led by Andrew Saver and Dave Aherne.
1:19.9	Step by step premium investing guidance for beginners.
	...

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