Is the 401(k) Worth It?

Jill on Money with Jill Schlesinger

Audacy

Self-improvement, Education, Business, Investing

4.6 • 1.9K Ratings

🗓️ 7 January 2023

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Given the fees associated with my 401(k) plan, should I even be using it?

Have a money question? Email us, ask jill [at] jill on money dot com.

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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.

Transcript

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0:00.0	Welcome to the Jill on Money Show.
0:05.6	It's Saturday, January 7th, first weekend of the new year.
0:12.9	Very exciting.
0:14.4	And I hope that your new year is starting off on the right foot.
0:18.4	If you've got a financial question, if you need some help trying to figure out how to make
0:22.1	some of your resolutions come to fruition, we'd love to hear from you, go to our website
0:27.4	JillOnMoney.com, click the contact us button.
0:30.8	Let us know if you'd be willing to come on the air, marked us everything else.
0:34.7	Today, we are joined by Ross from Boston.
0:38.6	So I have a question about my 401k.
0:42.0	It seems like the expense ratio that the 401k in my company is rather high compared to
0:48.2	a lot of other balanced funds.
0:50.1	And I'm concerned that I'm going to be leaving money on the table if I leave the money
0:53.8	in that particular fund.
0:55.6	Interesting.
0:56.6	So the 401k breakdown, let's just do some fast facts about Ross.
1:01.1	So how old are you?
1:02.4	I'm 36.
1:04.0	And are you single, married, partnered?
1:06.6	Married with two young children.
1:07.8	Okay.
1:08.8	How old are the kids?
	...

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