What you need to know about 401(k)s
Let’s face it, when it comes to talking retirement the discussion can go on. Knowing the questions to ask before meeting with your financial adviser, will save you time, money and give you a better understanding of what you should be preparing for. Sometimes you don’t even know where to start, and that’s okay. Getting started is sometimes the hardest part but it’s the most important. Once you’ve made the decision to take control of your finances and future, your financial adviser can help guide you every step along the way.
Q: What are the main benefits of investing in a 401(k) versus investing on my own?
Q: How much can I contribute to a 401(k)?
Q: How can I figure out which 401(k) account type is right for me?
Q: At what age can I begin withdrawing my money?
Q: What if I need to get my money out before I’m retired?
Q: What are the drawbacks, and how does a 401(k) loan stack up to other sources of emergency funding?