The Top 401(k) FAQs In 2024 (Part 1)
Manage episode 435515414 series 3502935
We get a lot of questions about 401ks, and we know they can be tricky to navigate. It’s such a unique account because it’s attached to the employer with different custodians from place to place. But we work with several companies to help manage their 401ks and consider this a specialty of ours at CLC Financial. That's why we're tackling your top questions in two comprehensive episodes.
Here are the questions we’ll cover in this episode:
- My company plan offers a program where I can get advice on my 401k for a low fee. Good idea?
- Should I contribute as much as I can to my 401k or only as much as the company will match?
- Should I use target date funds in my 401k?
- Is taking a 401k loan always a bad idea?
- When should I take money out of my 401k and roll it over to an IRA?
- What are the tax implications of contributing to a 401k, and how does it affect my take-home pay?
Contact Desmond:
Visit https://www.clcfinancial.com/ or call 910-323-5700
21 episodes