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The Pitfalls of Trying to Time the Market
Manage episode 436429772 series 3561335
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This week on The Art Of Money, Art McPherson and Luke McCarty discuss the importance of rolling over a 401(k) into an IRA and the role of annuities in creating a pension-like income in retirement. They talk about the potential benefits of leaving a 401(k) in the plan or rolling it over into an IRA, emphasizing the need for professional advice to ensure the money is invested properly. They also highlight the limitations of 401(k) investments and the potential for better returns in an IRA. They also discuss the benefits of working with a financial advisor and the potential pitfalls of trying to time the market.
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