A Holiday Bonus... In your 401k

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Manage episode 222744795 series 1450233
By Debbie Johnson and Jake Rivas: Financial Advisor To Millennials. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Some companies have a special feature attached to your retirement plan. The feature is called a profit sharing feature.

In this episode Jake breaks down exactly what this feature is, how it works and what to do once you have it.

Not every company has this feature. However, you should discover if you have this option available to you. It is one you may want to take advantage of.

Have questions about managing your finances? Email Jake@youandifinancial.com.

Follow Jake on Twitter and Facebook @jakestwocents

Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. Fixed insurance products and services offered through CES Insurance Agency. Actual performance and results will vary. These interviews do not constitute a recommendation as to the suitability of any investment for any person or persons having circumstances similar to those portrayed. Consult a Financial Advisor regarding your specific circumstances. I*financial is located at 1901 NW Military Hwy. STE. 102. San Antonio, TX 78213. Phone number 210-342-4346

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