057. Should I Cash OUT my 401k? / Ask The Money Nerds

Do you have a financial question you'd like one of our Financial Nerds to answer? Submit your questions at https://askthemoneynerds.com and watch for our response on an upcoming episode!

Given the state of the current economy and the multiple downturns in the market, we are getting some tough questions. Today, we take a look at the current paradigm around the 401k and whether or not this plan serves you to the highest degree.

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Time Stamps:
1:45 – From Jason: Given the recent market volatility, is now a good time for a cash out (my 401k) given the drop in value?
2:42 – A brief history of the last few downturns in the stock market and how it contributed to creating a fragile system, that was then triggered by the coronavirus.
6:00 – Consider a Trailing Stop Loss
8:15 – Are retirement plans hurting people's retirement experience. Should we consider retiring the notion of “retirement” altogether?
10:45 – An investment opportunity that is frequently overlooked
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What Would the Rockefeller's Do - https://wealthfactory.com/rockefeller-book/letter/

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