The Top 401(k) FAQs In 2024 (Part 1)

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.

 

Here are the questions we’ll cover in this episode:

• My company plan offers a program where I can get advice on my 401k for a low fee. Good idea?
• Should I contribute as much as I can to my 401k or only as much as the company will match?
• Should I use target date funds in my 401k?
• Is taking a 401k loan always a bad idea?
• When should I take money out of my 401k and roll it over to an IRA?
• What are the tax implications of contributing to a 401k, and how does it affect my take-home pay?

 

Contact Desmond:

Visit https://www.clcfinancial.com/ or call 910-323-5700