One of the most-used investment vehicles for retirement is the 401(k) because many employees have the option offered by their company. We want to help you understand the 401(k) by answering many of the common questions we get from contribution amounts to rollovers to investing options.
On this episode:
0:20 – Let’s address some frequent 401(k) questions.
0:29 – Should employees take advantage of the free advice companies sometimes offer?
1:22 – 401(k) loans: good idea or bad idea?
2:35 – When does an IRA rollover make sense?
3:58 – What are target date funds and are they a good option for investors?
4:38 – David shares a client story from 2010 that relates to target date funds.
5:39 – How much should you be contributing to your IRA?
6:26 – Roth vs Traditional IRAs
7:45 – The answers to every question are personal and have to be a part of your plan.
Show notes: https://coveryourassetskc.com/episode-47-answering-the-most-common-401k-faqs/
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