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Host: Nancy Anderson, CFP®
Guest: Gregory Ward, CFP®
In this month’s show: The great debate.
Greg’s reasons for choosing to start saving in his 401(k):
- Start early and take advantage of compounded interest.
- Easy to save using payroll deduction.
- Your employer may match your contributions.
- It is portable… take it with you to your next job!
Nancy’s reasons for choosing to buy a home:
- If you are going to stay put for a long time, say 5 – 10 years, you build equity.
- You fix your future housing costs.
- Instead of paying rent, your mortgage payment builds your financial future!
What’s best for you? Check out the resources below and listen to the show to help you figure it out.
Resources:
What is a 401(k) and why should I participate?
How do I prepare to buy my first home?
Please send comments and ideas for future topics to:
ymm@financialfinesse.com.
