On this week's episode of the Retire While You Work Podcast®, Myles, Jeri Anne, and Carson dive into the power of retirement contributions and how you can leverage your employer's match plan to maximize your financial future. They explore the importance of understanding your plan’s structure, the long-term benefits of contributing early, and strategies to ensure you’re taking full advantage of the employer match. Whether you're just starting out or looking to optimize your current strategy, this episode provides valuable insights on how to make your retirement savings work harder for you. Tune in for practical tips and expert advice on securing a financially comfortable retirement.
📗Chapters:
0:00-1:29 Introduction
1:39-2:23 Topic Introduction
2:24-4:04 Bumping up your retirement every year
4:05-4:49 Maxing Out Your 401k and Limit Changes
4:50-5:00 Overcontributing and Undercontributing
5:01-7:15 Employer Matching as a Young Adult
7:16-10:45 Tax Deduction 401K vs Roth Contributions
10:46-12:18 IRS Changes
12:18-14:01 Enhanced IRS Catch-Up
14:02-15:10 Opt-Out 401K Plans
15:11-15:54 Your 401K Money is Always Your Money
15:55-17:28 Push Yourself to Your Savings Goals!
17:29-18:13 Closing and Discloures
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📍About Adams Wealth Partners
Adams Wealth Partners is a Nashville-based financial advisors who specialize in wealth and retirement plans that provide you with the most important currency: time. Time to do the things you want with the people you love. Time not worrying about how you’re going to pay for retirement. Time enjoying life. Our professional team of wealth advisors are here to help make sure that planning for your financial future is time well spent.
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🎙About Retire While You Work Podcast
The Retire While You Work® Podcast is all about empowering you with financial literacy, from retirement planning and personal finance to estate planning and beyond. Coined from David Adams book, "The Currency of Time", the podcast focuses on the principle that you CAN retire while you work and create opportunities to spend time with the ones you love while also keeping a strong financial standing. Catch the latest episode every Friday, featuring financial planners Carson and Myles, and sometimes special guests like David Adams or Jeri Anne Agee.