401(k) Made Easy: Your Path to Financial Freedom

Planning for retirement can be daunting, but understanding your 401(k) doesn't have to be. In this comprehensive video, we break down the essentials of 401(k) accounts, covering: What is a 401(k)? Learn about this employer-sponsored retirement savings plan and how it works. Traditional vs. Roth 401(k): Discover the key differences between these two types of accounts and their tax implications. Employer Matching: Find out how employer contributions can boost your savings and why it's important to maximize this benefit. Contribution Limits: Stay informed about the current contribution limits and catch-up provisions for those aged 50 and above. The Power of Compounding: See how starting early and contributing regularly can significantly grow your retirement nest egg. Whether you're just starting your career or looking to optimize your retirement strategy, this video provides clear and concise information to help you make informed decisions about your financial future. Additional Resources: Retirement Calculator tool: https://shorturl.at/2GSU8 Text us with your questions: ‪(863) 606-8723‬ and we might make a video on that next! Subscribe to our channel for more financial and wellness education content!