Have you taken the wise financial step of investing in your company’s 401k plan? If you have not, then chances are you are throwing away free money for no reason. For a lot of people trying to figure out how to invest in a 401k or an IRA is so intimidating, that they chose not to participate at all. Research shows that only about 33% of employees are invested in the company’s 401k plan and that is a very sad statistic.
To help you gain a better understanding of the details of both of these types of investment options, we brought on personal finance expert Barbara Friedberg from BarbaraFriedbergPersonalFinance.com to help break it down for you. After you listen to this episode of The His & Her Money Show you will be fully equipped to go an invest in your future right away.
Barbara Friedberg is passionate about teaching investing strategies to build wealth. She has an MBA in Finance and an MS in Counseling as well as several decades of investing experience. Barbara is a columnist for the U.S. News and World Report and a regular financial contributor to other publications and blogs.
What You Will Learn
- The difference between a 401k and an IRA.
- The difference between the ROTH and Traditional options.
- How much of your income should you be investing in these types of accounts.
- How to choose what types of funds to choose within these types of retirement accounts.
- Barbara’s recommendations for what companies to use to invest your money with.
Resources Mentioned
- Invest Like The Pros: Create and Manage a Successful Investment Portfolio ~ by Barbara Friedberg
- How To Get Rich Without Winning The Lottery ~ by Barbara Friedberg
- Barbara’s Investment Cheat Sheet
Thanks For Listening!
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