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The Top 401(k) FAQs In 2024 (Part 1)

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Manage episode 435515414 series 3502935
Content provided by Riverbank Riches. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Riverbank Riches or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

21 episodes

Artwork
iconShare
 
Manage episode 435515414 series 3502935
Content provided by Riverbank Riches. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Riverbank Riches or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

  continue reading

21 episodes

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