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Ramsey Everyday Millionaires

Should I Do a 401(k) Without a Company Match?

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.63.6K Ratings

🗓️ 20 June 2022

⏱️ 3 minutes

🧾️ Download transcript

Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, and George Kamel.

Transcript

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0:00.0

You're listening to Ramsey everyday millionaires, where we talk retirement, building wealth,

0:10.5

and outrageous generosity.

0:14.1

Claire is with us.

0:15.1

Claire is in Nashville.

0:16.1

Hi, Claire.

0:17.1

How are you?

0:18.1

Hi, Dave.

0:19.1

Super-Side Talk to you today.

0:20.1

You too.

0:21.1

How can we help?

0:22.1

Yeah, so I just accepted a job with a new company, and I'm very excited about it.

0:26.5

I did realize that this company doesn't offer a 401k match.

0:30.7

They have a 401k, just no match.

0:33.7

So my question for you is, should I participate in this 401k, or should I just open up a Roth

0:39.8

IRA?

0:40.8

What do you think?

0:41.8

Well, once you're out, does the 401k offer Roth?

0:44.8

It's a traditional.

0:46.6

Only.

0:47.6

Is that what you're saying?

0:48.6

Only.

0:49.6

Okay.

...

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