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This 401(k) Trend is ABSOLUTELY DEVASTATING (And Getting Worse)

The Money Guy Show 1:01:37

54,666 views · 1,051 likes Watch on YouTube ↗

We break down the alarming six-year trend behind this statistic, reveal the potential cost a $1,900 hardship withdrawal can have on your army of dollar bills, and share proactive steps that can help you stay on track with your wealth-building journey. Plus, learn about our new free resource and our latest rapid-fire segment: Dad Joke Edition.

Timestamps
0:00 The 401(k) Trend That Could Devastate Your Retirement
7:48 How Can You Protect Yourself?
12:30 New Resource Alert!
16:20 Q&A: I Bought a Car Outside the 20/3/8 Rule. What Now?
22:54 Q&A: What Message Would You Give College Students About Building Wealth?
27:08 Q&A: What Should I Include in a Document for My Spouse in Case I Pass Away?
32:28 Q&A: We're in Step Five But Our Housing Costs Jumped to 33% of Income
35:59 Rapid Fire: It Does Not Depend
54:25 Q&A: Should I Be Worried About Being Out of the Market During a 401(k) Transfer?
57:45 Q&A: Can I Use the 20/3/8 Rule for Windows?

🔗 Parent’s Guide to Raising Financial Mutants → https://moneyguy.com/resource/the-parents-guide-to-raising-financial-mutants/
🔗 Financial Order of Operations (FOO) → https://moneyguy.com/guide/foo/
🔗 Wealth Multiplier → https://moneyguy.com/guide/wealth-multiplier/
🔗 20/3/8 Car Buying Rule → https://moneyguy.com/guide/20-3-8-rule/
🔗 Net Worth Template → https://moneyguy.com/resource/net-worth-template/

🎓 Brian Preston (CFP®, CPA) and Bo Hanson (CFA®, CFP®) share professional insights to help you own your financial future.

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Category (YouTube): People & Blogs

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