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Sound Financial Group - Bothell, Washington

 

SFB064 Your 401(k) and What It Means to Your Employer

| May 30, 2017
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Episode Summary

There are three large groups out there who are deeply invested and interested in your 401(k). Paul Adams is here to shed some light on who those groups are, and what roles they play, when it comes to your money. Today’s episode dives into the 401(k) from your employer’s perspective. It’s important to have tools to help you navigate this space, or else you could be stuck in a corporate American job until you retire.

For more information visit: 401k.sfgwa.com

What Was Covered

  • 02:25 - There are three large groups out there who want you to put money in your 401(k).
  • 03:35 - Let’s first start with your employer.
  • 08:25 - It became a huge advantage for the working American to move from job to job when they had a 401(k).
  • 09:15 - Why did employers go from pensions to 401(k)s?
  • 12:20 - Even if you saved enough money, you’re still stuck inside a corporate America financial strategy.
  • 14:00 - Look out for next week’s episode on why the financial institutions want you in a 401(k).

Tweetables

"The IRS really wants you to put money in a 401(k)."

"Even if somebody lived conservatively, we are still stuck inside a corporate America strategy [The 401(k)]."

"Before the pensions trapped you with an employer. Now, the 401(k) locks us into regular employment."

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