Robert Brokamp, CFP®

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318 appearances 2 recordings 1 series first heard Mar 2026 last heard 4 Apr

Robert Brokamp, CFP®’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 2 in all, peaking in Apr 2026 with 1.

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Motley Fool Hidden Gems Investing · Which Types of Investments Should You Own and Where Should You Own Them · 4 Apr 2026 podcast

There's some bankruptcy protection, some lawsuit protection that you get with these accounts.

So that might be something to consider, especially if you work in some sort of profession where there's significant legal liability.

So those are all very good.

What are some of the limits to investing in these types of accounts?

Yeah, the limited investment choices.

And there are extra costs.

It actually costs an employer to offer a 401 or a similar plan.

Sometimes the employer will shoulder all those costs, but most times they don't.

So you're sharing in those costs.

And you mentioned the illiquidity.

In some cases, you can't get the money out of the employer plan at all.

If you're still working there, you might be able to take a loan against it, but that has its own risks because if you don't pay the money back in a timely manner, that's considered a distribution and you'll be possibly tax penalized.

So you definitely have to be very comfortable with leaving that money in the account.

When it comes to deciding which type of investment should go into like a 401k or 403b, what should you think about?

Yeah, that's a good way to think about it.

Like you do most of your rebalancing within your employer plan, but then you use your taxable brokerage account for the investments that you're going to hold for many, many years, if not decades.

And as you point out, you only have a certain number of choices in the employer plan, but often they will at least include

a foundation of index funds.

So if you are someone who wants to invest in index funds, your employer plan might be the place to do it.

In fact, they might have lower cost index funds that are available to you outside the plan.

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