The Ins and Outs of 401k Plans: Part I, Ep #141

Everyone is likely familiar with 401k plans and many people have them through an employer. But do you know anything beyond the very basics? Does your company offer a match (and do you know how it works)? Do you know how much your plan costs or what your balance is? In this episode of Retirement Made Easy, I'm going to start covering some of the ins and outs of 401k plans. My hope is that you'll gain a better understanding of something so important to a successful retirement.  You will want to hear this episode if you are interested in... [0:35] Send me questions and ideas for future episodes! [4:35] The employer gets to determine 401k matching [9:44] The average 401k balance by age [12:14] Types of investment options in 401k plans [17:13] Why you shouldn't pull your money out of the market [19:18] The advantages of Roth 401ks/traditional 401ks [23:33] Consolidating or rolling over old 401k plans Resources & People Mentioned 3 Steps to Retirement Planning The Average 401k Balance by Age Connect With Gregg Gonzalez Email at: [email protected]  Podcast: https://RetirementMadeEasyPodcast.com Website: https://StLouisFinancialAdvisor.com Follow Gregg on LinkedIn Follow Gregg on Facebook Follow Gregg on YouTube Subscribe to Retirement Made EasyOn Apple Podcasts, Spotify, Google Podcasts