The Top 401k FAQs in 2024 (Part 2)
We get a lot of questions about 401ks, and we know they can be tricky to navigate. It’s such a unique account because it’s attached to the employer with different custodians from place to place. But we work with several companies to help manage their 401ks and consider this a specialty of ours at CLC Financial, and that's why we're tackling your top questions in two comprehensive episodes.
Part two addresses essential topics like investment strategies as you approach retirement, managing your 401K when changing jobs, and the ins and outs of catch-up contributions. Gain insights into the complexities of vesting schedules and the potential risks and benefits of including company stock in your 401K. This episode is a must-listen for anyone looking to optimize their 401K and secure their financial future.
Here are the questions we’ll cover in this episode:
- How should I adjust my 401k investments as I get closer to retirement?
- What happens to my 401k if I change jobs?
- Can I make catch-up contributions to my 401k? If so, how much and when?
- How does vesting work with a 401k, and what should I understand about my plan’s schedule?
- What are the risks and benefits of including company stock in my 401k?
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Securities and Advisory Services Offered Through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. CLC Financial Services and CreativeOne Securities, LLC are not affiliated.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
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