Anyone who knows anything about finance in America has heard the term “401(k).” However, not everyone knows exactly what they are and how they work.
In this episode, Carl Coolidge breaks down the basics of the 401(k) to illustrate why it’s a key part of your retirement plan.
In this episode, you will learn:
-What people are talking about when they say “free money” in 401(k)s
-What to do with your 401(k) contributions if you leave your job
-How paying taxes works in tax-deferred 401(k)
-The annual limits for 401(k) contributions
-Why it is important to start making contributions as soon as possible
Listen in now and learn how to use your 401(k) to its fullest potential!