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Making Sense of Your 401(k) | Payne Capital Management
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October 10, 2018
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October 24, 2018

Making Sense of Your 401(k)

“Don’t be guilt-tripped into maxing out your 401(k).” – Smart Women Invest

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Saving money is easier said than done.

And saving smartly is even more difficult. When we get our paychecks, knowing where to put our savings can quickly become overwhelming. 401(k), stocks, mutual funds—the list goes on and on.

That’s why on today’s episode the $mart Women Invest podcast, we are discussing long-term investment, and specifically how we should approach our 401(k). This long-term savings is difficult to manage, as we don’t know how much we’re going to need that far into the future. But, if we balance it with our short-term demands, we can have a financial stability.

Tune in to this episode to learn how to dial in the right questions, so you know exactly what to do with your 401(k). 

“If you can only put in $17,000 instead of the full $18,500—it’s going to be fine.” –  Smart Women Invest

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Points to Keep In Mind

  • Balance short-term financial demands with long-term savings goals
  • After-tax savings is more about the short-term/near-term than the long-term
  • If you can avoid it, try not to touch your 401(k)
  • We often get misled that saving is all about retirement
  • Read Leaders Eat Last and Startup

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