You may have heard about 401K accounts, but you may not understand how 401K's work and why 401K's are such an advantageous wealth building avenue. In this episode Josh and Brynn discuss how 401K's are set up, terminology associated with a 401K, understanding allocations within your account and what it means to be vested. You will also hear discussions on when you can pull money from your 401K, if and when there are penalties for pulling money out of your account, and a variety of strategies to consider. This is essentially "401K for Dummies" or "401K - 101"...(Try saying that 10 times fast!)
Enjoy!
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The information given in this podcast is general in nature and intended for education and entertainment purposes only. The information provided is not intended to be specific advise for any one individual. Consult with the appropriate professional adviser to determine the best plan for your personal financial and investment goals and prior to taking any action