How a 401(k) ACTUALLY works | RPU Cast Episode 5

In this enlightening episode of the RPU Cast, hosts Jordan and Phillis unravel the complexities of a 401(k), demystifying this essential retirement savings tool. Join them as they break down the mechanics, benefits, and strategies behind making the most of your 401(k) plan.
During the episode, Jordan and Phillis guide listeners through the basics of how a 401(k) operates. They discuss how contributions are made on a pre-tax basis, leading to potential tax savings, and explain the concept of employer matching contributions that can significantly boost an individual's retirement savings.
Listeners will gain a clear understanding of investment options within a 401(k), as Jordan and Phillis delve into various fund choices, including stocks, bonds, and target-date funds. They discuss the importance of aligning investment choices with individual risk tolerance and long-term retirement goals.
Investment Advisory Services offered throughout Strategic Wealth Investment Group, LLC, a Registered Investment Adviser.

[@treifranklin2894]

Hello, my employer offers a 401k and a Roth 401k. Is it better to have both or just get the Roth 401k?

[@StrategicWealthDesigners]

We often like the Roth version simply because as history predicts, taxes will increase in the future, so might as well get taxed now rather than later.