The Prosperity Gap Podcast
We teach you how to bridge the financial gap in your life and better prepare you for retirement. Season one was 30 episodes all about Financial Literacy. Well, season two is all about taking it to the next level with retirement. As we talk to others, we realize that over 70% of Americans have not prepared themselves for retirement, and of those who have, 68% assume they're gonna run out of money before they die. Are you ready to bridge the financial gap in your life? Let's go!
The Prosperity Gap Podcast
Episode 53: Maximize the Benefit of Your 401(k)
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Dave Hall
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Season 2
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Episode 53
When we look at our 401k plans, there's a lot of things we understand. Most of us understand the limits that go into those. But what we don't understand is how a lot of the inner workings of a 401(k). Today I'm going to cover various aspects of these 401 K's to help you better understand some of the things that you could do to maximize your benefit from these plans.
First one I want to talk about here is the employee Your contribution, most companies are going to have some type of contribution that the employer is going to put in on your behalf. Some of them are 100% of a percentage of revenue, some or maybe 50% of a percentage or revenue for a given percentage....