Even though he is not eligible for the 401K, he can allocate this money into his non-qualified investments and then stop those savings when he starts his 401K.
More Quotes from Scott Kahan:
In the last several years there hasn't been much of a downside. There hasn't been much of a downside, so people have been spoiled. They don't have a clue as to how it really works.Scott Kahan
Doubling the student loan payment will reduce the time it takes to pay the loan, but the total savings in interest will be marginal.
Scott Kahan
If he saves 2,500 between his 401(k) and outside savings, which he plans to do, this will grow to 526,450 at 8 percent over the next 11 years. The IRA rollover would add an additional 385,000 by age 57, bringing his investments, not including real estate, to over 900,000.
Scott Kahan
Don't look at the past six months. Look at the past five, 10 or 20 years of returns.
Scott Kahan
People should look at this market as a great learning experience. The best learning experience of how much risk you want to take is going through a down market.
Scott Kahan
People may have a better feeling psychologically than they did at the end of the year. They're a little more comfortable. So this is a good time to do a self-assessment.
Scott Kahan
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