The Benefits and Limitations of 401(K) Retirement Accounts

401(k)s are so much more than just a retirement savings account. They should be seen as your key to the future.

In this release, Ryan Poterack dives deeper into the intricacies of 401(k) retirement accounts. He covers the benefits, such as employer matches, and limitations, like penalties for early withdrawal and limited investment options. 

The conversation also touches on the differences between 401(k) and IRA accounts and the need to stay informed about changes in the tax code. 

Main talking points include: 

  • Why 401(k)s are so much more than just a savings account
  • The discipline of saving for retirement and the details around employer-matching contributions
  • Considerations around investing our money (especially as we age)
  • The ever-changing nature of the tax code and how staying informed consistently can impact our retirement account performance
  • And more!

Related: What Is Trust Worth to You?