"I Inherited $100K - What Should I Do?"
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 6 November 2023
⏱️ 38 minutes
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Summary
Transcript
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| 0:00.0 | We are ready to move on to Jordan's question next. |
| 0:10.0 | It says my company matches me 100% up to 10%. |
| 0:15.0 | Whoa! |
| 0:16.0 | That's a lot. |
| 0:17.0 | This effectively means I'm saving 20% of my income. |
| 0:22.0 | Should Roth IRA be my next goal and do I have to max it out even |
| 0:27.6 | though 5 percent wouldn't necessarily be maxing it? So how should you think about this |
| 0:32.4 | because this is a very unique opportunity that he should definitely take advantage of? |
| 0:36.0 | I mean first of all Jordan that's incredible right a 10% match on a 10 percent contribution. That's insane. Like they're like we've |
| 0:46.6 | seen a lot of like incredibly generous employers out there. That's big time. |
| 0:50.1 | Yeah, that's big big time. We ought to start a movement call to have you hugged your employer today. |
| 0:54.0 | I mean because that's that's one that I would definitely go hug your employer because that's great. |
| 0:59.0 | Would you want all of those hugs though? |
| 1:01.0 | I'm not a hugger. |
| 1:02.0 | I would at least appreciate the attempt. |
| 1:05.0 | You know, if I had a line outside, I'm like, no, no, no. |
| 1:09.0 | But it really shows me everybody appreciated |
| 1:11.0 | being the generosity that's going in because that means |
| 1:14.2 | Jordan that your employer not only is it a place to work to get your your wages you |
| 1:20.4 | know to pay you for a moment of your labor and time but they also are trying to |
| 1:24.8 | invest in your future success and that and we do the same thing I love it I think |
| 1:30.4 | the most generous plan I've seen is we have an employer we're actually |
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