In this episode of The Art of Money, Art McPherson discusses the recent decline in 401(k) millionaires and the reasons behind the slow recovery of individual retirement accounts despite a recovering market. He emphasizes the importance of having a solid 401(k) strategy, including the need for diversification and the management of old accounts. The conversation also covers the significance of maintaining cash reserves during market volatility, the necessity of speed bump buckets for unexpected expenses, and the current economic landscape regarding interest rates and inflation. Additionally, Art explains the benefits of Roth conversions during market dips and the importance of authenticity in financial planning and client relationships.
For more information visit www.artofmoney.com!
Follow us on social media: YouTube | Instagram | Facebook | LinkedIn
See omnystudio.com/listener for privacy information.
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.