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Suits & Scrubs: Not Your Father's Financial Advisor
Are you wanting to retire early, but do not want to sacrifice your life to get there? Is Dave Ramsey to slow for you, but the FIRE Movement is too aggressive?
Hi & welcome to Suits & Scrubs: Not Your Father’s Finance Edition. I'm Zach, once homeless, now retired before 40 and you are joining me on date night with my beautiful wife. This is the podcast where we react to your questions, viral trends, and internet controversies related to achieving financial freedom.
Living in my truth, I had something to prove to myself and the world, and now I’m sharing my journey to help you accelerate yours. I believe in this so much I got FIRED for doing this podcast working at a major bank. This is where buying assets will lead you to freedom.
Whether you think “I can do that too” or need guidance on how to reach financial freedom, I got you covered. Tune in every week for a refreshing take on the topics that matter most to you. Let’s break free, live in our truths, and accelerate towards a wealthier future.
Suits & Scrubs: Not Your Father's Financial Advisor
#06 | Should You Dip Into Your 401k for a Home? (one option may work)
Looking to buy a home but considering tapping into your 401(k) for the down payment?
Join us as we explore the critical decision of using your retirement savings for homeownership. In this informative video, financial expert Zach serves as your mentor, guiding you through the benefits, challenges, and implications of using your 401(k) for a down payment. From understanding the basics of a 401(k) to navigating the potential impacts on your retirement savings, we cover it all. Discover signs that indicate you might be considering this option, learn about alternative strategies to minimize the impact on your retirement, and gain insights into the role of investments in achieving both homeownership and a comfortable retirement. Don't make a decision without watching this comprehensive discussion. Subscribe now and embark on your journey to secure financial stability and homeownership.
Our Mission: Suits & Scrubs fosters a vibrant community of doctors, crunchy moms, wealth & wellness seekers. We share inspiring stories, actionable strategies, and authentic conversations, empowering individuals to thrive. We bridge the gap between medicine and finance, providing practical tools and insights to build holistic well-being and financial freedom.
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Timestamps
0:00 Introduction
7:36 60 Day Challenge IVF
14:05 What is 401K
17:00 Segment 1: Bumfuzzle Battle
22:59 History of 401K
27:15 Segment 2: Under the Microscope
32:45 Withdrawing from 401K
38:00 Assumptions
40:43: Option 1: Withdrawal
46:08 Option 2: Loan
46:33 Option 3: Opportunity Cost
55:56 Final Thoughts
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We believe that Health & Wealth is inclusive for everyone. Connect with us!
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Website: www.suitsandscrubspodcast.com
Email: contact@suitsandscrubspodcast.com
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The Show
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YouTube (Health): youtube.com/@SuitsandScrubsPodcastHEALTH?sub_confirmation=1
YouTube (Wealth): youtube.com/@SuitsandScrubsPodcastWEALTH?sub_confirmation=1
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Connect with Zach
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Instagram: https://www.instagram.com/zacharystevenretireearly/
TikTok: https://www.tiktok.com/@zachary_svp
LinkedIN: www.linkedin.com/in/ZacharySVP
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Connect with Emily
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IG: https://www.instagram.com/doctoremilymd
Tiktok: https://www.tiktok.com/@doctoremilymd1
LinkedIN: www.linkedin.com/in/DrEmilyMD
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Suits & Scrubs Podcast:
Instagram: https://www.instagram.com/suitsandscrubspodcast/
TikTok: https://www.tiktok.com/@suitsandscrubspodcast
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Facebook:
Business Page: https://www.facebook.com/SuitsandScrubsPodcast
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Disclaimer: www.suitsandscrubspodcast.com/disclaimer
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Disclosure: If you purchase based upon these links, we do receive a commission. This helps support our page.