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Episode 3 | Power Forward Pod

Navigating Your 401(k) the Power Forward Way


Where You Can Listen


Description

In this episode, we tackle the buzzing topic of 401(k) plans. Our team shares insights on the tax advantages and considerations that come with traditional and Roth 401(k) options. Learn how to optimize your 401(k) investments, make informed choices, and align your retirement strategy with your overall financial goals. Discover the historical context of 401(k)s and the factors that led to their widespread adoption. 
 

Key Points:

  •  Seasonal fluctuations in financial advisory work.
  • Different types of retirement plans – traditional vs. Roth 401(k).
  • Exploring the history of 401(k) plans and why they came into existence.
  • The shift from defined benefit plans to the rise of 401(k)s.
  • Understanding the tax implications of traditional and Roth 401(k) plans.
  • Diving into the details of investment options within 401(k) plans.
  • The evolution of retirement planning and the role of target date funds.
  • Behavioral psychology behind investment choices and the role of automatic enrollment

Have questions about your retirement plan? Want to share your thoughts on 401(k) investments? Reach out to us on our website at powerforwardgroup.com or connect with us on social media.  

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Disclosure

For Educational Purposes Only – Not to be relied upon as financial, tax, or legal advice. All investing involves risk including the possible loss of principal. No strategy assures success or prevents loss. Past performance is not a reliable indicator of future results. The principal value of Target Date Funds is not guaranteed at any time, including at or after the target date. With a traditional 401(k), employee contributions are pre-tax, meaning they reduce taxable income, but withdrawals are taxed. Employee contributions to Roth 401(k)s are made with after-tax income: There's no tax deduction in the contribution year, but withdrawals are tax-free. The information herein has been derived from sources believed to be accurate.
For education use only- not to be relied upon as financial advice. The information provided is for educational purposes only and is not intended as investment advice or a solicitation for the purchase or sale of any product or security. Investing includes risk, as well as the potential loss of the money you invest. Insurance and other financial products and services could be subject to certain terms, eligibility requirements, conditions and costs, and may not be right for everyone. 
Past performance is not a reliable indicator of future results. Referenced indices are unmanaged and do not reflect sales charges; it is not possible to invest directly in an index. 
Securities and investment advisory services are offered through Registered Representatives of Hornor, Townsend and Kent, LLC (HTK). Registered Investment Advisor, Member FINRA/SEC. 600 Dresher Rd., Horsham, PA 19044, 800-876-7637 www.HTK.com. Power Forward Group is unaffiliated with HTK. 
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