Smart Money: Outsmart Scammers, and 401(k) Waiting Periods

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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.

This week’s episode starts with some tips on outsmarting student debt cancellation money scams.

Then we pivot to this week’s money question from Nina, who wrote us an email: “I recently upgraded jobs, but in my new company, I won’t be eligible to participate in the 401(k) program for a year. I don’t want to miss out on retirement savings in that year and want to know what you think is the best vehicle to save until I’m eligible. I have typically invested in a Roth IRA, but thanks to a recent marriage and job upgrade, I don’t think we will be eligible for the nice Roth tax treatment. I max out my HSA [health savings account] every year and…

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This article was written by Sean Pyles and originally published on