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EP071: Getting Jiggy with Your 401(k) - with Chris Costello

By Chris Peach

Co-founder and CEO of Blooom, Chris Costello, on the show today to talk about your 401(k). Chris spent his entire life in the financial advising world and now he’s blowing the whistle on the crap that he says has been going on for way too long. He’s talking about the outrageous fees, the terms no one understands (or is supposed to understand), and the ridiculous amount of greed the folks from Wall Street posses when handling your retirement funds. In 2013, he founded Blooom which he coins as the new way to 401(k). Chris is extremely passionate about investing and saving for your future and he doesn’t disappoint. We may have had to “BLEEEP” him out a few times during the show, but I completely get it - he’s seen these maniacs ripping people off for way too long and it’s time for a change. On the show we discuss: The terminology “they” don’t want you to understand We break down dollar-cost averaging We discuss the one thing you MUST be doing that results in thousands (and thousands) of dollars more in YOUR retirement Moving the needle financially for the middle-class, not the 1% How Blooom connects to your 401(k), 403(b), 457, 401(a), or your TSP Fees, fees, and more fees - how much are you really paying? The Blooom model - $10/month flat fee. Period.
 The link Chris mentions in the show is for the first month FREE is: www.blooom.com/moneypeach    All the show notes, links, and anything Chris and I mentioned can be found at www.moneypeach.com/session71

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