All About 401k Plans
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All About 401k Plans
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401k plans can be very confusing. At KDI Wealth, Carrie Dick is the resident expert on the subject, and she joins co-host Jon Gay today.
Carrie explains what a 401k plan is, the differences between a traditional plan and a Roth Plan, and the tax implications for each.
We also talk about social security - and its original design as only a security blanket. It wasn't designed to be retirees' primary source of income, as it often is today. This is why it's so important to contribute to your retirement plans as early as possible - it's "the power to time."
Carrie also explains why clients often have plans for their retirement, but their "golden years" aren't always what they expect. With that in mind, we wrap up with the three things to review every year to keep your 401k on track.
Resources:
KDI Wealth -https://www.kdiwealth.com/
- Call (877) 474-4350
- Email: kevin@kdiwealth.com