Rich Girl Roundup: No Access to a 401(k)? Here's What to Do

The Money with Katie Show

Money with Katie

Investing, How To, Self-improvement, Business, Education

4.8 • 1.3K Ratings

🗓️ 18 September 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rich Girl Laura V. asks, "How would you recommend strategically investing for retirement if you don’t have access to an employer sponsored account or an HSA?" Katie and Henah walk through your other investment options along with some suggestions to help encourage employers to offer access to retirement plans. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. Reminder: While we love diving into investing- and tax law-related data, we are not financial professionals. We have no formal financial education. We are not financial advisors, portfolio managers, or accountants. This is not financial advice, investing advice, or tax advice. The information on this podcast is for informational and recreational purposes only. Investment products discussed (ETFs, index funds, etc.) are for illustrative purposes only. It is not a recommendation to buy, sell, or otherwise transact in any of the products mentioned. Do your own due diligence. Past performance does not guarantee future returns. Money with Katie, LLC. — Mentioned in the Episode: 401(k) contribution limits vs. the IRA contribution limits in 2023: https://www.irs.gov/newsroom/401k-limit-increases-to-22500-for-2023-ira-limit-rises-to-6500 The Solo 401(k) and SEP IRA: https://moneywithkatie.com/blog/tax-advantaged-retirement-investing-for-the-self-employed-sep-iras-and-solo-401ks Gusto study on offering retirement benefits: https://gusto.com/company-news/one-secret-to-retaining-top-talent-offering-retirement-benefits WTW survey on retirement benefits: https://www.wtwco.com/en-us/news/2022/04/health-and-retirement-benefits-jump-as-key-reasons-employees-join-or-stay-with-employer State-mandated retirement plans: https://www.adp.com/resources/articles-and-insights/articles/s/state-mandated-retirement-plans.aspx — Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Roundup!
0:02.0	Woo! I love it!
0:07.0	You guys can't see it, but her shirt says I love tax breaks on it, so...
0:11.0	I wear that shirt every day.
0:13.0	Under all her clothes.
0:20.0	Welcome back, Rich Girls, and boys to the Rich Girl Roundup weekly discussion
0:24.0	of the Money with Katie Show.
0:26.0	I'm your host, Katie Gatti Tosshan, and every Monday morning
0:29.0	we are going to dig into an interesting money discussion.
0:32.0	But before we do that, here is a quick message from our sponsors.
0:43.0	As a reminder, there is a bonus episode in our feed this week.
0:46.0	It is my second episode on Fresh Invest with Fidelity and Morning Brews, Alex Lieberman.
0:50.0	So tune in if you would like, but otherwise we are still on our regular content sketch,
0:56.0	so let's get into it.
0:58.0	So before Hannah introduces our question this week,
1:01.0	this week's upcoming main episode is about building a healthy financial ecosystem.
1:07.0	It is a bit of a back-to-basics episode, but I'm excited about it,
1:11.0	because sometimes it's just nice to revisit those foundational financial principles.
1:17.0	I think they tend to be things that we get away from over time if we're not thinking about it,
1:23.0	so be sure to tune in for that, and we will move on to the Roundup.
1:27.0	Okay, Hannah, how are we doing?
1:29.0	I'm good, I'm still laughing, because we just watched your microphone fall off the table
	...

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