What You Need to Know About 401(k) Plans (& Developing a Retirement Blueprint) - Episode 5

Your Retirement Blueprint: A 210 Financial Podcast

What is a 401(k)? If your employer offers a match for a 401(k), should you take advantage of that? Should we leverage a Roth option in our 401(k)? What are the rules for a 401(k)? We’re talking about all of those things and more on the show today!

In today’s episode, after answering a question about what we mean when we talk about developing a retirement blueprint, we’re breaking down all the details about 401(k) plans. If you’ve been curious about whether a 401(k) is right for you, or if you’re getting the most out of your 401(k) plan, this episode is for you.

Thank you for listening!
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All investments are subject to risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Our firm is not affiliated with or endorsed by the U.S. Government or any governmental agency. Neither the firm nor its agents or representatives may give tax or legal advice.
Individuals should consult with a qualified tax professional for guidance before making any purchasing decisions. Distributions from tax-deferred retirement plans are taxed as ordinary income. Employers issuing a check in your name for a lump-sum distribution are required to withhold 20% toward federal income taxes, so you would receive only 80% of the total value. Early distributions are required to withhold 20% toward federal income taxes, so you would receive only 80% of the total value.
Early distributions from employer sponsored retirement plans and traditional IRAs prior to age 59½ may be subject to 10% federal income tax penalty. A Roth Conversion is a taxable event and may have several tax related consequences. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.
This podcast is intended for informational purposes only. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice to meet the particular needs of an individual's situation. 210 Financial is an independent financial services firm that utilizes a variety of investment and insurance products. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and 210 Financial are not affiliated companies.
01280635 04/22