The average 401(k) charges the participant ~2.2% of their account balance each year, according to SmartAsset. This number is rapidly declining, but even if you cut it in half, it would still be concerning. When you leave a company, you have three options for dealing with your 401(k): Leave the account at your previous employer Transfer it to your new employer Roll it over to an IRA at a trusted custodian Given how much you …
Do Not Invest Your Money Until You Listen to This Interview with Dr. Daniel Crosby [SWSD Ep. 34]
Human beings are inherently bad with money. We buy high. Sell low. Spend too much. Save too little. We are greedy when we should be fearful. We are fearful when we should be greedy. On paper, it seems so simple. We know what we are supposed to do, but year after year, generation after generation, we keep making the same mistakes. Why we make simple mistakes with our money is more complicated than you might think. …
3 Things More Important Than a 529 College Savings Account [SWSD Ep. 33]
"Better start planning for college!" - Every financial planner when you tell them you're having a baby Speaking of having a baby, my second son was born the day this podcast episode was recorded. Please welcome Sutton Cole! He weighed 7 pounds 7 ounces, he's sleeping like a champ, and he doesn't have a 529 college saving account. While planning for college is important, there are three things more important than opening a 529 account …
