10-401k part 2 of 3

Continuing episode 9 where we talk 401k; a fabulous method of forced savings that is available to nearly every employee and it is tax deferred.  Most people will switch employers every few years, usually to get a raise or promotion.  However, they overlook the other huge benefit; when they switch employers, they can now have 401(k) balance that was at their old employer moved to a self-directed IRA.  With some know-how, discipline, and following some rules, the opportunities are huuuge.  People will do unnatural things in the hopes of getting a 5% raise at work, which is a short-term win.  They haven't realized that the long-term impact of getting just a couple more percent annually on their 401k will dwarf any raise they could ever get from their employer.