1953: Ask Farnoosh: Inheriting a 401(k), Emergency Fund vs. Retirement, and Tax Identity Theft

On this week’s Ask Farnoosh, Farnoosh answers listener questions about navigating complicated financial decisions — from inheriting retirement accounts to protecting yourself from tax fraud. First, Farnoosh shares personal reflections on the unfolding war in Iran and how global conflict can ripple into markets, oil prices, and the broader economy. Then she dives into listener questions, including: • What happens when you inherit a 401(k) — and whether you must take distributions • How to prioritize emergency savings vs. retirement investing when your budget can't do both • What to do if your tax return is rejected due to potential identity theft • Is it possible to invest too much when you're feeling cash-strapped? Plus: • Why more Americans are taking hardship withdrawals from retirement accounts • Why Farnoosh is skeptical about MrBeast entering the banking world • And a surprising pop culture reflection on Carolyn Bessette Kennedy Hosted on Acast.