What You Should Know About Your 401k

Here's what you should and shouldn't be doing with your 401k. Based on the recent poll we did, you guys wanted to know about 401k as a retirement plan so here are the eye opening facts from our research.

Welcome!

[:] Things to always be mindful of
●     Don't withdraw 401k early mainly to avoid penalties
●     The value of your money now will considerably grow in the next 20-30 years from now
●     It can be disastrous to use your 401k money to payoff loans

[:] What you should do with your 401k account
●     Decide wisely on how much your contribution amount should be
●     Check your available investment options

[:] What to expect on 401k fees and taxes
●     All contributions toward your 401k are pre-taxed
●    Withdrawals made during retirement age will be taxed