Jim Byrd and Biff Hamel host Safe Investing in the New Economy, an educational radio talk show about retirement planning and investment. Brought to you by Safe Harbor Financial Services, it airs each week on WABF 1480 AM radio, FM Talk 106.5 radio and Fox News radio 710 WNTM. Listen on the radio, the website or in your car by plugging in to the podcast on iTunes. This week’s agenda focuses on retirement planning and 401k’s for your safe, happy retirement.
401k- A Good Idea or Not?
Only about 3/4 of eligible employees are enrolled in their companies’ 401k plans. We encourage people who come to see us that if they are in a 401k program that matches their money, to go ahead and invest all they can in that 401k. But if they are close to retirement, we often encourage them to remove the lion’s share of that 401k in favor of other investments that are less risky and also less expensive. [Read more…]