In order to produce the podcast and keep content up free for you, I work with partners so this post may contain affiliate links. Please read my full disclosure for more info.
Want to get the most out of your 401(k)? Learn the key guidelines on how you can choose the best investment options for you!
Making the Most Out of Your 401(k)
Chances are if you’re investing for your retirement, the bulk of that money is stashed away in your 401(k).
For those whose employers offer them, they’re an easy option to sign up for and contribute towards.
But are how comfortable are you with how it is doing?
To help sort things out, Jonah Kaufman is joining me for this episode.
Jonah is a financial advisor at Coastal’s Wealth Management Services.
These will give you some starting points and ideas on what you need to talk about.
In this episode we’ll discuss:
- Why your 401(k)s are a great foundation for retirement savings
- What factors to consider when you’re investing
- Understanding some of the different options that your 401(k) may offer
Hope you enjoy!
Just to make sure we're on the same page, this episode is NOT about specific investment advice.
You would need to consult a qualified financial professional who can evaluate your unique circumstances.
Resources to Stay on Top of Your 401(k)
Here are some resources to make managing your money much easier!
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Free 401(k) Analysis: blooom
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving: Qapital
- Jumpstart Your Marriage and Your Money
- Master Your 401(k): How Much Do We Need to Contribute?
- Master Your 401(k): Why You Need to Keep an Eye Out for Fees
- Robots Can Manage Your Money. But Even They Need Humans
- A Smarter Way to Think About Financial Decisions
Thank You to Our Sponsor Coastal!
Support for this podcast comes from Coastal Credit Union! If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today.
If you want to be better prepared financially for retirement, please check out Coastal's 401(k) Planning Calculator.*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Coastal Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. Trust services available through MEMBERS Trust Company. CFS and Coastal Credit Union are not affiliated with Members Trust Company.
Key Takeaways on Optimizing Your 401(k)
Before we wrap up I want to focus on some key takeaways I got from speaking with Jonah and preparing for this episode:
- Understand yourself as an investor.
- Performance isn't tied to cost with your investments.
- Don't check your investments too frequently.
If you’d like to chat more about your financial goals, please join us in our private and free Facebook group – Thriving Families.
Hope to see you there!
Support the Podcast!
Thank you so much for listening to the podcast!
- Spread the word! If you enjoyed this episode and think it can help a buddy get on the path to dumping debt and become financially free, please share.
- Leave a review. Honest feedback and reviews make a big difference and gets the word out about the podcast. Leave your review on Apple or Stitcher.
- Grab a copy of Jumpstart Your Marriage and Your Money. My book is designed for a busy couple to set up their finances in 4 weeks. Get tips and tools that have worked for other couples on their journey of building their marriage and wealth together!