Ep 6 - Three Primary Ways to Contribute to a 401k

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The Five-Minute Retirement Plan

Retirement Matters, Inc.

23 episodes

4 days ago

Looking for quick, actionable tips each week to improve your approach to retirement? Here's where you'll find it. Dave Grant, a Certified Financial Planner professional for over 15 years, breaks down topics important about retirement so they are easy to understand and implement in your situation.

Investing

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Investing

Business

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Ep 6 - Three Primary Ways to Contribute to a 401k

The Five-Minute Retirement Plan

6 minutes 10 seconds

7 months ago

Ep 6 - Three Primary Ways to Contribute to a 401k

Dave Grant discusses the three primary ways to contribute to a 401k: pre-tax contributions, Roth contributions, and after-tax contributions. He explains the benefits and tax implications of each method, emphasizing the importance of choosing the right strategy based on individual financial situations. The episode also introduces the mega backdoor Roth IRA strategy, which allows for larger contributions to a Roth IRA, and concludes with advice on tailoring retirement savings strategies to personal needs.