Work Does Matter

In today’s job market, you have to differentiate yourself from the competition-you need a “halo effect”-whether you’re looking for a job or trying to keep the job you have. Part of the way you can get that “halo effect’ is to understand financial fundamentals so you can be part of the company’s financial solution.

Join Denise today as she interviews Diane Renihan, CFO, who has created FINANCIAL BOOT CAMP, and ask learn about how to develop a financial literacy foundation.

Send your questions or call in on air live today, Friday June 19th from 1-2pm at (425)373-5527.

1. For those folks who have left their company, keep your 401(k) with your past employer.  The employer is able to get better fee rates than you can with as an individual.
2. If you are in an active plan, contribute at least up to the amount of employer match.
3. If you cash out your 401(k), there are penalties as well as tax consequenses.  Make that your last option, not first option.
4. If you are more risk adverse, speak to your plan administrator if you are looking for a fund that will protect your principle.