Reinvent Rich with Irvin Schorsch
Reinvent Rich with longtime personal wealth adviser, Irvin Schorsch gives you the inside scoop on how to live a happy, satisfied AND lucrative life. On the podcast he takes a holistic approach to finances by explaining the relationship between money, life satisfaction, and having the financial freedom to follow your passions. We all yearn to be rich - in our bank accounts, in our personal lives, and in our pursuits of happiness. The Reinvent Rich podcast and book will show you the way!
Reinvent Rich with Irvin Schorsch
Who Wants to be a 401K Millionaire?
Chris and Andrew discuss the record number of 401K millionaires observed in Fidelity's 2019 retirement plan study as well as uncover the startling facts about the baby boomer generation being underfunded for retirement. They further talk about the steps needed to reverse this perilous situation that can help investors bolster their savings from retirement. Finally, Chris and Andrew take an in-depth look on "buying the dip" vs dollar-cost averaging into the stock market. Stay tuned and enjoy!
Highlights:
- An article about 401K millionaires - 0:33
- Retirement accounts with a million dollars in each one - 1:16
- Using the 401K plans - 3:33
- Good news - 4:36
- Working with clients to provide them comfort and confidence - 6:13
- The importance of saving more - 9:12
- It's a good opportunity to buy stocks - 11:42
- The value of anticipating your pitfalls - 16:15
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