Retirement Savings Basics: What’s The Purpose Of All My Accounts?

Retire Ready with Kyle Hammerschmidt

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Are you aware that not all retirement accounts are created equal? It's crucial to understand the purpose and advantages of each type of account to make the best choice for your future. In this episode, we'll delve into the different types of retirement accounts, including 401(k)s, IRAs, Roths, and several other examples.
Here are a few examples of what we’ll discuss today:

• The pros and cons of 401(k)s, 403(b)s, and 457 plans. (1:52)
• What is an IRA? (4:47)
• The pros and cons of FSAs and HSAs. (10:45)
• Breaking down the retirement products, such as annuities, CDs, and dividend stocks. (13:12)

Helpful Info:

Kyle's website: http://www.mokanwealth.com/

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Disclosure: You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. This podcast is intended for educational purposes only. Nothing in this podcast constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. MOKAN Wealth Management is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.