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Life Insurance as an Investment? We Fact-Check the TikTok Trend
Manage episode 448742969 series 3288777
Learn why life insurance isn't a substitute for a 401(k) and how to spot reliable financial advice on social media.
Is life insurance a better investment than a 401(k) for retirement? How can I tell if financial advice from TikTok influencers is reliable? Hosts Tess Vigeland and Anna Helhoski dive deep into the latest viral finance advice circulating on TikTok. With influencers claiming that life insurance is a better investment than a 401(k), investing Nerd Alana Benson joins the show to break down the facts. She explains the critical differences between life insurance policies and retirement accounts like 401(k)s, debunks false claims from influencers, and highlights hidden fees and conflicts of interest that you may miss when seeing financial trends in your social media feed.
In addition to the TikTok trend, Tess and Anna cover some of the latest money headlines, including the GDP growth report for Q3, the October jobs report, and upcoming decisions from the Federal Reserve on interest rates.
Here are NerdWallet's top picks for whole life insurance policies: https://www.nerdwallet.com/article/insurance/find-best-whole-life-insurance
Anxious about the election? Find our special series on how presidential policy could impact your finances at https://nerdwallet.com/podcast
In this episode, the Nerds discuss: life insurance vs 401k, TikTok finfluencers, life insurance investment, 401k vs life insurance investing, personal finance tips, retirement planning, social media influencers in finance, financial advice on TikTok, life insurance pros and cons, 401k benefits, how to choose life insurance, spotting bad financial advice, avoiding bad financial advice, financial mistakes to avoid, is life insurance a good investment, TikTok finance myths, financial advice for millennials, and whole life insurance.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.
Like what you hear? Please leave us a review and tell a friend.
460 एपिसोडस
Manage episode 448742969 series 3288777
Learn why life insurance isn't a substitute for a 401(k) and how to spot reliable financial advice on social media.
Is life insurance a better investment than a 401(k) for retirement? How can I tell if financial advice from TikTok influencers is reliable? Hosts Tess Vigeland and Anna Helhoski dive deep into the latest viral finance advice circulating on TikTok. With influencers claiming that life insurance is a better investment than a 401(k), investing Nerd Alana Benson joins the show to break down the facts. She explains the critical differences between life insurance policies and retirement accounts like 401(k)s, debunks false claims from influencers, and highlights hidden fees and conflicts of interest that you may miss when seeing financial trends in your social media feed.
In addition to the TikTok trend, Tess and Anna cover some of the latest money headlines, including the GDP growth report for Q3, the October jobs report, and upcoming decisions from the Federal Reserve on interest rates.
Here are NerdWallet's top picks for whole life insurance policies: https://www.nerdwallet.com/article/insurance/find-best-whole-life-insurance
Anxious about the election? Find our special series on how presidential policy could impact your finances at https://nerdwallet.com/podcast
In this episode, the Nerds discuss: life insurance vs 401k, TikTok finfluencers, life insurance investment, 401k vs life insurance investing, personal finance tips, retirement planning, social media influencers in finance, financial advice on TikTok, life insurance pros and cons, 401k benefits, how to choose life insurance, spotting bad financial advice, avoiding bad financial advice, financial mistakes to avoid, is life insurance a good investment, TikTok finance myths, financial advice for millennials, and whole life insurance.
To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email podcast@nerdwallet.com.
Like what you hear? Please leave us a review and tell a friend.
460 एपिसोडस
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