What Every Investor Should Consider About Their 401k
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Have you ever wondered how to best leverage your 401k plan to secure a comfortable retirement? If yes, then you're in the right place.
In this episode, we’ll share some key considerations to make before you make contributions into your 401k. We'll be debunking complexities, discussing the importance of liquidity, and laying out strategies to build your emergency fund while still padding your 401k. Additionally, we'll touch upon the crucial element of employer contributions and how to plan for the tax implications in retirement.
The 401k account is an easy way to save for retirement and that makes it a great tool for planning, but we want to make sure you’re supercharging your savings in the most efficient way possible.
Here are some of what we discuss in this episode:
- Why your need for liquidity needs to be considered. (2:22)
- Know what your employer contributions are and how to leverage that. (4:44)
- Are you looking ahead to the future tax implications of this money? (7:00)
- What should you do with the money you leave behind with an old employer? (10:05)
About Retirease Radio:
Retirease Radio is hosted by Victor J. Medina, a Certified Elder Law Attorney (CELA®) and a Certified Financial Planner (CFP™). Founder of Medina Law Group & Palante Wealth Advisors, Victor and his companies are dedicated to empowering people through education about estate planning and their finances.
Connect:
Medina Law Group: https://www.jerseyestateplanning.com/
Palante Wealth Advisors: https://palantewealth.com/
283 episódios