How to Get the Most Out of Your 401(k)
Are you taking full advantage of the tax breaks offered by your 401(k)?
Do you have 401(k)s from previous jobs that you don’t know what to do with?
In this episode, Allegra and Whitney deep dive 401(k)s and lay out what you need to know to maximize your retirement savings by breaking down tax advantages, vesting schedules, and withdrawal restrictions.
You’ll learn:
What a 401(k) is and what the benefits of a 401(k) are
What ‘tax-advantaged’ means and why you should care
The difference between a traditional and Roth 401(k)s and why you might choose one over the other
What options you have for your 401(k) when you leave a company
The early withdrawal penalties you should be aware of
Featured in this episode:
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