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The Your Life, Your Money Podcast helps you thrive in life, wealth and retirement. The show is designed to navigate the complexities around money, building and securing wealth, and achieving financial independence. Scott Sierens, financial advisor at Sierens Financial Group, will provide thoughts, strategies, and ideas on each episode to help you make smart and sound financial decisions. The goal is to take complex financial subjects and make them simple and easy to understand so you can feel confident to take action, enjoy life, and eliminate financial stress and anxiety.

Scott, along with guests from across various industries, will cover topics such as tax savings strategies, investment and wealth management, IRAs, 401(k)s, retirement planning, income strategies, pensions, estate planning, social security, healthcare, and much more.

Retirement isn't an age or number. It's finding the balance between living life today and feeling financially confident about YOUR tomorrow.

Ask Scott your questions by calling 847-235-6989 or check out our podcast website at for more resources.

Jan 25, 2024

Are you considering maxing out your 401(k) but unsure what to do next? We face this question all the time at the Sierens Financial Group so today we’ll explore if it’s wise to max out your 401(k) before investing anywhere else.


Here’s some of what we discuss in this episode:

0:00 – Intro

2:44 – What’s on today’s show

4:33 – What’s in the news right now? Spot Bitcoin was just approved by the SEC.

8:40 – What should you know about Spot Bitcoin?

10:50 – An 85-year study from Harvard reveals the one simple element that is the key to happiness.

14:26 – Should you max out your 401(k) first, or consider other options before contributing the max?

16:13 – Reasons you might want to max out your 401(k).

19:23 – Reasons you might NOT want to max out your 401(k).

23:08 – Exploring your options and how taxes play a role.

27:00 – Jacob’s question: Should you start Social Security at 67 if you’re still working?


References for this episode:



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