Ep. 2 | We’re talking about 401Ks (...and also 403b's and 457b's) and why they are one of the greatest wealth building tools! SHOW NOTES: Your employer-sponsored retirement plan is one of the greatest wealth-building assets because: 1) You're more likely to become a millionaire if you contribute consistently to your 401k 2) Automatic contributions, deducted from your paycheck, force you to keep saving and investing 3) Employer matches are free money that you're entitled to (make sure you contribute enough to get your employer match!) 4) Retirement accounts have tax benefits. Pre-tax contributions can lower your tax liability now, or you can make post-tax contributions now and not pay any taxes when you withdraw at retirement age. ⠀ If you have an employer-sponsored retirement account, you will not want to miss this episode! Let's turning retirement planning into party planning! ----------------------------------------------------- Frustrated by an overly complicated 401k? Get our 401K Guide! It's a step-by-step "how to" for your 401K/403B/457B: Sign up for our October 2020 workshop Building Wealth in Your 401K: www.winenanefi.com/workshops ----------------------------------------------------- OUR FAVORITE MONEY TOOLS Qube: Use code WINENANCE25 for 25% off lifetime memberships through 12/31/20 Personal Capital: Mint: Clarity: YNAB: ----------------------------------------------------- FOLLOW WINENANCE Blog: Instagram: Facebook: Pinterest: Check out our website - ----------------------------------------------------- Music: Merengue de Limon (Quincas Moreira) ----------------------------------------------------- Join the Winenance community and get exclusive money tips that we don’t share on social media straight to your inbox: ----------------------------------------------------- DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide we may receive a small commission. There is no additional charge to you! Thank you for supporting Winenance so we can continue to provide you with free content each week!...(read more)
LEARN MORE ABOUT: Retirement Planning
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