Getting Started with Your 401K: Overcoming Obstacles and Finding Reliable Resources with Laura Adams

Welcome back to another episode of The Investing For Beginners Podcast! In today’s episode, we have a special guest joining us, Laura Adams from the Money Girl Podcast. Laura shares her experiences and insights into navigating the world of personal finance and investing. We’ll dive into the challenges individuals face when it comes to tax-advantaged accounts, the importance of seeking financial advice, and the power of automation in saving for retirement. Laura’s journey, from studying science to pursuing entrepreneurship and real estate, offers a unique perspective that will resonate with our listeners. So, whether you’re just starting out or looking to refine your financial strategy, this episode is packed with valuable tips and stories that will help you on your financial journey. Let’s jump right in!

00:01:57 Science undergraduate, entrepreneurial, real estate, MBA, personal finance
00:06:29 Limited help, 401K advice scarce from Wells Fargo.
00:09:29 Tax advantages make investing in Roth worthwhile.
00:13:23 Self-employed? Consider retirement accounts for savings.
00:17:12 Passive approach to stocks, use advisor.
00:18:55 Different types of investors in 401k.
00:24:32 Start planning for retirement five years before.
00:28:10 Savings rates have shifted; CD accounts attractive.
00:29:03 Investing wisely is crucial for financial success.
00:34:12 Consider talking to your boss for options. Automate payroll into your IRA for savings.
00:37:15 Appreciate Laura’s work in teaching money.

FInd out more about Laura here:

Money Girl




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You can find the transcript of today’s show below:

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