Ep 13: 401k Investing and IRA Volatility + Other Listener Questions

We’ve been hearing from a number of listeners who have sent in questions on a wide range of topics so we decided to dedicate an entire episode to answering as many as we can. From rental properties to fees and commissions to 401k company investing and more, we cover a lot of ground on this episode.

 

Full Show Notes: https://www.baschrock-fg.com/podcast/ep-13-401k-investing-and-ira-volatility-other-listener-questions/ 

 

Today's Rundown: 

0:43 – Does Ben get into Black Friday?

1:45 – Today we spending the entire episode answering listener questions.

2:20 – Question from Charlie: It seems counterintuitive to move out of a house I’ve paid off to move into a townhouse rental. But I don’t want to worry about repairs. Is that a good idea?

3:17 – This could be an idea that more and more people begin to embrace for multiple reasons.

4:00 – Question from Sally: Are fees and commissions the same thing in the financial world or are they different?

4:51 – Here’s Ben’s perspective on fees vs commissions.

5:54 – Question from Lucy: How often should I be meeting with or talking to my financial advisor. I get a birthday card every year but that’s about it.

6:55 – We meet with first-year retirees 6-8 times over that year and here’s why.

7:41 – Ben encourages clients to reach out as frequently as they feel necessary.

8:06 – Question from Kevin: My company is going to stop matching 401k contributions because of rising healthcare costs. Should I stop contributing to my 401k and invest somewhere else?

9:46 – Question from Annie: Most of my 401k is invested in company stock. Is that bad?

11:00 – How much company stock we typically limit our client to.

11:13 – Question from Beth: My IRA seems like it’s bouncing up and down every single day and it’s driving me crazy. Does that mean it’s time to get out of the market?

11:52 – The question you should be asking yourself if you are seeing a lot of fluctuation