Should I Contribute to My Roth 401(k)?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 6 January 2023
⏱️ 12 minutes
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Summary
Considering that my company now offers a Roth 401(k) option, do you think I should be using it?
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Transcript
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| 0:00.0 | Welcome to the Jill on Money Show. |
| 0:05.9 | It's Friday, January 6th, and this morning we'll get a jobs report. |
| 0:10.7 | If it's something wacky, I promise that I will report into you tomorrow morning. |
| 0:15.5 | The expectation is about 200,000 jobs. |
| 0:19.6 | It's amazing, actually. |
| 0:20.6 | I would say that the job market seems fairly resilient, considering that the economy is |
| 0:25.4 | really slowed down. |
| 0:26.4 | But that would be about, I think we average about 200, 225,000 jobs a month for the last |
| 0:32.6 | three months. |
| 0:33.6 | Compare that with last year, or the year before, rather, 560,000 jobs a month. |
| 0:38.6 | So unemployment rate is probably going to hold it around 3.7%. |
| 0:42.7 | I think that's going to be higher in the months to come. |
| 0:45.5 | The economy is going to lose steam. |
| 0:47.4 | We may not have out and out layoffs, like broad-based layoffs, like the tech sector is experiencing. |
| 0:52.9 | But things are going to just slow down. |
| 0:55.1 | So be prepared for that, and that's the beginning of the big data dump for January, okay? |
| 1:01.7 | Good. |
| 1:02.7 | All right. |
| 1:03.7 | If you have a financial question, we encourage you to go to our website, JillOnMoney.com. |
| 1:08.2 | Click the contact us button and ask that question. |
| 1:11.2 | If you want to come on the air live, click the box. |
| 1:13.5 | Mark does everything else, but otherwise we like to do some emails every week. |
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