The Worst 401(k) Mistakes We’ve Seen!
Money Guy Show
Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors
4.7 • 3.1K Ratings
🗓️ 7 October 2024
⏱️ 28 minutes
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Transcript
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| 0:00.0 | The worst 401k mistakes we've seen. I am so excited to talk about this because what seems like a small mistake |
| 0:16.8 | can have huge impacts in your financial life and I love that we get to be the team that speaks to you about that that hopefully you can |
| 0:24.5 | learn from some of the mistakes we've seen and not make them yourselves. |
| 0:28.6 | You know what else? I get so excited about Brian? |
| 0:31.0 | What? I get so excited about answering all of your questions. So right now we have the |
| 0:35.8 | team out in the wings collecting your questions because we want to help you do |
| 0:40.6 | money better. So if you have a question make sure you get it in the chat so that we can speak to you. |
| 0:46.7 | So with that, Creative Director Raby, I'm going to throw it over to you. |
| 0:50.3 | Absolutely. |
| 0:51.1 | Jared is going to kick us off with a great question about 401k's. |
| 0:55.4 | It says, I just started investing in my 401k. |
| 0:58.2 | I think I have it set up right, but it's all so new that I'm worried I'm going to miss something and make a mistake. |
| 1:05.1 | What are some things that I should look out for? |
| 1:07.5 | Well, Jerry, I want to get, you said Jerry, right? |
| 1:10.4 | Jared. |
| 1:11.1 | Jared. |
| 1:12.1 | Jared. Well, Jared, I want to give you a huge compliment. |
| 1:15.0 | The first thing that you've done very, very right is you're just doing it. |
| 1:19.0 | Like you're just starting to participate in your 401k. |
| 1:22.0 | One of the most egregious mistakes |
| 1:24.2 | that we see people make when it comes to saving for retirement |
| 1:27.2 | or specific retirement accounts, |
... |
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