The Financial Answer

Financial planning guidance from West Tennessee’s Nathan O’ Bryant.

Statistics on Saving and Investing

Posted on October 15th, 2020

What’s typical when it comes to saving and investing? We review a report to get the most recent statistics on things like using target date funds and making use of a Roth 401(k). How do you compare?

 

Read more and get additional financial resources here: https://wp.me/paIiUZ-gU 

 

What we discuss on the show:

0:29 - Nathan shares about his latest catch.

1:50 - A recent study shows the majority of people use target date funds in their 401(k).

3:30 - What is a market cap weighted fund?

6:08 - Should you be using a Roth 401(k)?

7:53 - Should you be holding more or less company stock?

10:25 - Is it logical to take a hardship withdrawal from a 401(k) if needed?

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