What You Need to Know About 401(k) Plans (& Developing a Retirement Blueprint)

What You Need to Know About 401(k) Plans (& Developing a Retirement Blueprint) – Episode 5

What is a 401(k)? If your employer offers a match for a 401(k), should you take advantage of that? Should we leverage a Roth option in our 401(k)? What are the rules for a 401(k)? We’re talking about all of those things and more on the show today!

In today’s episode, after answering a question about what we mean when we talk about developing a retirement blueprint, we’re breaking down all the details about 401(k) plans. If you’ve been curious about whether a 401(k) is right for you, or if you’re getting the most out of your 401(k) plan, this episode is for you.

Thank you for listening!






Key Takeaways: 

1) If your employer offers a match for a 401(k), take it. You may have heard some differing advice on this, but that is free money! Unless you’re dealing with credit card debt or something similar, it’s usually best to take advantage of the offer of an employer match.

2) The Roth option within a 401(k) is definitely worth consideration. There is a good chance that taxes could go up in the future as they have been at an all-time low. When taxes are “on sale,” it may be a good idea to pay those taxes now (Roth investments are post-tax) rather than take the risk of taxes being higher in the future.

3) We can’t make investment decisions emotionally. Any time there is a significant market change, we often say that we go from managing money to managing emotions. It is so important that you aren’t making investment decisions emotionally. Your comfortability with the ups and downs of the market should also inform the amount of risk you have in your 401(k) plan.


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All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA. Neither the firm nor its agents or representatives may give tax or legal advice. Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. The information contained in this material is believed to be reliable, but accuracy and completeness cannot be guaranteed; it is not intended to be used as the sole basis for financial decisions. 210 Financial is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and 210 Financial are not affiliated companies. 1280642 – 4/22

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