@erinmcgoff: reminder: no one is born knowing how 401(k)s work! It’s okay if it takes some time 🙂 🔑 here are some KEY things you need to remember: 🤑 you have to OPT IN to your company’s 401k program if they have one. Be sure to get it set up! 🤑 common advice is to contribute the MAX of the companies match (so if they match 3% of your $100k salary 100% — you should contribute $3k & you’ll have $6k total!) 🤑 don’t forget to actually INVEST the money or else it’ll just be sitting in the account not growing (many like to invest in “target date funds” that end the year you retire) You got this! 👏🏼 one step at a time! Follow for more ✨ #career #401k #retirement #PersonalFinance #corporate #jobinterview #interviewtips #interviewquestions #careertiktok #passiveincome #investing #howto #EduTok #learnontiktok #greenscreen

AdviceWithErin✨
AdviceWithErin✨
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Region: US
Friday 24 February 2023 16:42:16 GMT
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bored._030
🐣 :
How does switching your 401k to a new employer work ? 😅🤔
2023-02-26 10:48:52
4
lewseeahh
luciaa1196 :
Any tips on how to save money when doing taxes as a freelancer in the film industry
2023-02-25 06:14:29
2
emzbarrassing
milo;) :
what toner do you use? your hair slays
2023-02-25 06:30:27
2
sarahlovescats1712
Sarah 🇿🇦 :
Oh lol I just got this and didn’t know what it was
2023-02-24 17:11:25
2
naturallycurled
Nisha :
I agree. Everyone is into Roths but 401k is better. You’ll be in a way lower tax bracket when you retire.
2023-02-26 13:26:25
0
kaelajenae
Kaela Spinks-Selman 🩷💜🩵 :
what happens if you go from a company that offers a 401k to one that doesn't? or if you start your own? where does it go?
2023-06-27 06:40:17
0
cceeeee7
cceeeee7 :
Mine does the first 2%
2023-02-26 05:38:53
0
pinkdancer99
Taylor Renee :
What if your company doesn’t offer benefits? Can you invest in retirement in your own, like a Roth IRA?
2023-02-25 05:52:11
2
newcastle_mom701
Alisha :
Defined benefit plan (pension) > defined contribution plan (401k) every day!
2023-02-25 18:15:59
0
jkshands1s
Josh Shands :
Any advice on how to transfer 401K when getting a new job? Would hate to lose money
2023-04-06 15:54:15
1
sickomodeshell
🐚 :
401ks have such complex benefits too.. ranging from the huge contribution limit to potentially utilizing NUA for tax strategies
2023-02-25 05:53:13
1
kaybaycosplay
Kayla :
So! I’m an independent contractor; any advice on setting up something like this on my own? 😊
2023-03-23 06:26:34
1
thisisbethanylouise
Thisisbethanylouise :
Is this not just a pension??
2023-02-26 09:31:34
1
erinmcgoff
AdviceWithErin✨ :
Do you have a 401k match at your company? 🤑
2023-02-24 17:27:25
1
jessicajurador
Jessica Jurado :
can you withdraw form this account before retirement? or put a beneficiary?
2023-02-24 17:35:26
1
frankiejohnson703
Frankie :
401K designed to Rob people
2023-04-23 14:56:57
1
mickbeth1940
Shopgirl :
Do people really not know what a 401K is?!! Do they plan on working until they die?!?
2023-03-13 19:15:18
2
officialdobbythehouseelf
Dob :
Thank you for the info!!!
2023-02-24 17:37:56
3
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