Roth 401(k) – The Financial Puzzle Playbook

Maximize Your Retirement Savings: Tips on 401(k) and Roth 401(k) (Ep. 11)

By The Financial Puzzle Playbook | October 2, 2024

Are you making the most of your company’s benefits? Dive in to uncover how to maximize your 401(k), 403(b), and other investment options within your employee benefits package.

In this episode of The Financial Puzzle Playbook, Jim Sumpter dives into the intricacies of 401(k) and 403(b) plans, comparing Roth and traditional options. He discusses the importance of employer matching and shares tips on navigating investment choices, ensuring you get the most out of your benefits. Discover the intricacies of traditional and Roth 401(k) plans, learn the impact of employer matches, and gain insight into how vesting schedules work. Jim also explores vesting, the importance of matching contributions, and tips for choosing investment options that align with your retirement goals.

Jim Sumpter, CFP®, discusses:

A breakdown of the difference between traditional vs. Roth 401(k) options and their tax implications
Why you should always contribute at least enough to get the full employer match
Tips on selecting investment choices within 401(k) plans, including target date funds
Rebalancing your investment portfolio to align with your financial goals
And more