11-401k part 3 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. It seems that people will put more effort on weight loss than on their financial future.   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.