• 73: How to Maximize Your 401K Benefits

  • Jan 15 2025
  • Spieldauer: 30 Min.
  • Podcast

  • Inhaltsangabe

  • This episode dives deep into understanding your 401K and retirement options through employers, emphasizing the importance of maximizing contributions, especially around employer matches. Key topics include auto-enrollment processes, investment options, Roth vs. pre-tax contributions, and what to do when changing jobs or needing to access funds.

    • Importance of understanding employer matches
    • Differences in auto enrollment versus manual enrollment
    • Contribution percentages and how to adjust them
    • Vesting periods and their impact on your retirement savings
    • How to choose investments within your 401k
    • Exploration of pre-tax and Roth contributions
    • Loan and hardship withdrawal options
    • Considerations when leaving an employer and rolling over your 401k
    • Guiding principles on retirement planning and strategy

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