Episode 53: Maximize the Benefit of Your 401(k)
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….
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