#49: Everything You Need to Know About Your Employer Retirement Account

Sign-up for Roth IRA Office Hours  Book a 1:1 Coaching Discovery Call In this episode of Wealth Para Todos, host Rita Soledad Fernández Paulino offers invaluable insights for first gen wealth builders on how to navigate their employer retirement accounts. They share personal stories and essential tips to help listeners understand account access, plan options, contribution evaluations, and investment choices. Soledad explains the complexities of 401(k), 403(b), 457, and TSP plans, including traditional vs. Roth options, contribution limits, and the significance of employer matches and vesting periods. By following their four-stage roadmap to investing in the stock market, listeners will gain confidence to take control of their financial futures. 00:00 Introduction to Wealth Para Todos 00:21 The Cost of Not Understanding Employer Retirement Accounts 01:01 My Personal Journey with Employer Retirement Accounts 02:34 Understanding Employer Retirement Accounts 03:32 The Four Stages of Investing in the Stock Market 03:58 Navigating Employer Retirement Systems 08:27 Choosing Your Employer Retirement Account Type 11:31 Contribution Limits and Personal Contributions 15:28 Choosing Your Investment Assets 19:37 Employer Matches, Vesting, and Loans 22:44 Handling Employer Retirement Accounts When Leaving a Job 24:51 Final Thoughts and Additional Resources