1 / 8

Strategies to Maximize Your 401(K) Administration Balance

Looking to maximize your 401(K) balance? Read this write up to know the few strategies to maximize your 401(K) administration balance. Visit http://heartcg.com/ for more details.

HeartCG
Download Presentation

Strategies to Maximize Your 401(K) Administration Balance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. heartcg.com Strategies to Maximize Your 401(K) Balance

  2. At a time when most people don't have a traditional pension, growing and then protecting your 401(k) balance is essential for a secure retirement. Pay close attention to 401(k) rules to make sure fees, taxes and other mistakes don't unnecessarily reduce your 401(k) balance. heartcg.com

  3. GET A MATCH The most common 401(k) match is 50 cents for each dollar saved on up to 6 percent of pay. If your employer offers a 401(k) match, make sure you save enough to take advantage of it. heartcg.com

  4. STAY UNTIL YOU ARE VESTED You won't get to keep the 401(k) match from your employer until you are fully vested in the 401(k) plan, which can sometimes take as long as five or six years of service at the company. heartcg.com

  5. MAXIMIZE YOUR TAX BREAK Traditional 401(k) plans allow you to defer paying income tax on the money you save for retirement. Investors can contribute up to $18,500 to a 401(k) plan in 2018, up $500 from 2017. heartcg.com

  6. DIVERSIFY WITH A ROTH A growing proportion of employers now offer a Roth 401(k) option in which workers can save after-tax dollars, and distributions are tax-free in retirement. heartcg.com

  7. ROLLOVER WITHOUT FEES When you change jobs, you can generally leave your 401(k) balance at your former company or roll it over to an IRA or your new employer's 401(k) plan. heartcg.com

  8. Visit heartcg.com Call: +1 913-649-3171 E-mail: gmb@heartcg.com heartcg.com

More Related