Podcast Episode 30: Should You Invest In A 401k Or Any Employer Sponsored Retirement Account?

Farnoosh Torabi Clever Girls Know

Should you invest in your employer's 401k (or other retirement plan)? I'm sharing my thoughts on why this is not a good idea unless it's a dire dire emergency.

Unfortunately, I’ve seen too many instances where people think of their retirement savings as their emergency fund and leverage it for minor emergencies and even non-emergencies.

Withdrawing or loaning money from your retirement savings means you are robbing your future self of potential long term earnings by taking your money out of where you have it invested (even if it’s as a loan).

I'm talking through all the reasons why you shouldn't do it and what it could REALLY cost you!

Enjoy Listening,
Bola

 

Follow Clever Girl Finance!


Bola Onada Sokunbi

Bola is a Certified Financial Educator, money coach, finance writer, business strategist, social media influencer and founder of Clever Girl Finance, a platform that empowers and educates women to make the best financial decisions for their current and future selves and to pursue their dreams of financial independence in order to live life on their own terms.