89: Choose the Right 401k Investments with Elena Sartor

Choosing 401k investments with stage manager turned teacher Elena Sartor. 

 

Elena just became eligible for a 401k but wasn’t sure which investments to pick. We decided to talk through all the choices. 

 

Today we will cover:

⭐️ 401ks

⭐️ ROTH 401ks

⭐️ Volatility

⭐️ Expense ratio

⭐️ Diversification

⭐️ Options for FREELANCERS

⭐️ ROTH IRA, SEP IRA, & SIMPLE IRA

 

Link to the workbook:

https://www.patreon.com/posts/61906422/

 

ROTH 401k:

https://www.investopedia.com/terms/r/roth401k.asp

 

Importance of LOW FEES:

https://investor.vanguard.com/mutual-funds/low-cost

 

DIversification Techniques:

https://www.investopedia.com/articles/03/072303.asp

 

How much should you save for retirment?

https://smartasset.com/retirement/how-much-should-you-contribute-to-your-401k#:~:text=%E2%80%93%20Rule%20of%20Thumb,can%20while%20still%20living%20comfortably.

 

Freelancer Retirement Options:

https://www.investopedia.com/articles/personal-finance/091114/build-your-own-retirement-plan.asp

 

Elena's Fund Options:

MXGXX Great West Money Market Institutional

VUSTX Vanguard Long Term US Treasury Fund

VBINX Vanguard Balanced Index Inv

VWELX Vanguard Wellington Fund

VWUSX Vanguard US Growth Inv

VFIAX Vanguard 500 Index Fund - Admiral

VEXPX Vanguard Explorer Inv

VWIGX Vanguard International Growth Inv

 

Jim Jimirro Episode:

https://www.artisticfinance.com/episode/A94CaZrPY8pTGnk6W3fJ/Creating-Disney-with-Jim-Jimirro

 

Rob Schneider Episode:

https://www.artisticfinance.com/episode/ZLJNHeZFcffHpRZHp5kp/How-To-Produce-A-Cabaret-with-Rob-Schneider

 

Interview by Ethan Steimel

 
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