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Transitioning to a new job? Don’t forget about your 401(k)! Check out my latest blog that dives into what happens to your 401(k) when you leave a job and your best options for managing it. From rolling it over to cashing out, we’ve got the information you need to keep your retirement savings on track. Read now to make informed decisions for your future! #AmericanTrustWealth #401k #RetirementSavings #FinancialPlanning https://lnkd.in/ehZvJFtu

Transitioning to a new job? Don’t forget about your 401(k)! Check out Abigail "Abby" Vaughn, AIF's latest blog that dives into what happens to your 401(k) when you leave a job and your best options for managing it. From rolling it over to cashing out, we’ve got the information you need to keep your retirement savings on track. Read now to make informed decisions for your future! #AmericanTrustWealth #401k #RetirementSavings #FinancialPlanning https://lnkd.in/gMGF5aKa

Decisions, decisions. Leave it, move it, roll it. Forbes dives into what you can do with your 401k. #GatewayFinancialPartners #BenchOfLife #Retirement #FinancialPlanning #401k #Rollover

@herfirst100k is answering YOUR questions, all about 401(k)s! 👇🏿👇🏼👇🏽 ❓What even is a 401(k), and how do I know if I have one? ✅ 401(k)s are employer-sponsored retirement savings accounts. Your 401(k) is funded with pre-tax wages that are taken directly from your paycheck each pay period, and many employers will “match” a portion of your savings (yay free money!). ❓What happens to my 401(k) when I change jobs? ✅ Because your 401(k) is employer-sponsored, it doesn’t automatically follow you if you switch jobs.  You have four options of what to do with your 401(k) when you change jobs: 👉🏾Cash it out 👉🏼Leave it with your previous employer 👉🏽Transfer it to your new employer 👉🏿Roll it over to an IRA ❓Sooo…which choice is right for me? ✅ Each option has different advantages and disadvantages, but we recommend rolling your 401(k) over to an IRA. Here’s why. 👇🏿👇🏼👇🏽 An IRA is a tax-advantaged retirement savings account that allows you to personally choose your investments to best reach your goals. Plus, IRAs typically have lower maintenance fees than employer-provided 401(k)s, but they often have a wider selection of investment options so that you can find the offer that best fits your needs and goals. Basically, an IRA gives you the most BANG for your buck, and we are all about that. 👏🏾👏🏿 👏🏼 ❓But HOW do I roll over my 401(k) to an IRA? ✅ Don’t worry, the process couldn’t be easier if you use Capitalize, a free tool that finds your old 401(k)s and rolls them into an IRA. Not only does Capitalize handle the roll over, but it even helps you choose the IRA that will best fit your needs and give you the most peace of mind for your financial future. Visit hicapitalize.com/hfk to get started today with Capitalize for free and take control of your financial future!

🚨 Attention!🚨 Overlooking your 401(k) vesting schedule could lead to a significant financial loss. This often-overlooked aspect of your retirement plan could mean missing out on valuable employer matches. Don't let these benefits slip through your fingers! 💰 Stay informed and maximize your retirement savings. Learn more about the importance of your 401(k) vesting schedule and how to avoid losing your match: https://lnkd.in/giCTbqtR #401k #VestingSchedule #RetirementPlanning #HawksFinancial

🚀 Tips to Maximize Your 401(k)! 🚀 Are you making the most of your 401(k) plan? Whether you’re just starting out or looking to optimize your savings, these five tips can help you boost your retirement funds and achieve financial security. 💼💰 1. Contribute Enough to Get the Employer Match Don’t leave free money on the table! Ensure you’re contributing enough to receive the full employer match. Make sure to ask your HR rep or read the benefits package carefully to look for the maximum match your employer will provide. 2. Increase Contributions Gradually Start small and increase your contributions over time. Even a 1% annual increase can make a big difference! 📈Keep in mind that not only are you saving money on paying taxes on those contributions but also growing your future wealth. 3. Diversify Your Investments Spread out your investments to manage risk and optimize returns. A balanced mix of stocks, bonds, and other options can be key. 💡Better yet, if your employer offers various options to pick for investments, work with a licensed financial representative to help review those portfolio options to optimize your returns. 4. Avoid Early Withdrawals Keep your funds growing by avoiding early withdrawals, which come with penalties and taxes. Think long-term! 🕰️. As tempting as it may be to sometimes take withdrawals from it, ABSOLUTELY refrain from doing so if you can avoid it. This is one of the most costly mistakes people make. Don't be one of them. 5. Never Leave Old 401Ks Behind Anytime you are changing jobs, one of the first things you should do is to take your 401K with you. Whether you take it to your new employer or roll it over into a private IRA, NEVER LEAVE MONEY BEHIND!!. You WILL eventually forget about these funds and your money will end up a statistic in the ever growing pile of the billions of dollars in forgotten 401K and retirement funds. Maximizing your 401(k) doesn’t have to be complicated. With these simple steps, you can take control of your financial future. 🔗 Follow my page for more tips on retirement planning, financial education, and financial security! Let’s connect and grow together. 💬👇 #FinancialPlanning #RetirementSavings #401k #InvestmentTips #FinancialSecurity #RetirementGoals #WealthManagement

A 401(k) is a great tool to use to save for retirement, but the question might rise of much do you really need to save in your 401(k)? And will it be enough? While there is no "right" answer, a lot depends on where you are in your career. Learn more about saving during your early, mid, and late career: https://brev.is/ofkz1.

One of the more common trends I've noticed while working with sales and tech professionals is many of them have an old 401(k). Rolling an old 401(k) into your current employer’s plan, or your own IRA, is an easy way to keep your retirement savings in one place. Here’s how to do it.

Rolling an old 401(k) into your current employer’s plan, or your own IRA, is an easy way to keep your retirement savings in one place. Not sure which option is best for you? Let's chat!

Navigating your 401(k) after leaving a job can be tough. Kristy Kim, CEO and Founder of TomoCredit, shares key insights on how to manage your retirement savings during this transition. Check out our latest article for more advice: https://lnkd.in/gVQtpBvS #401k #personalfinance #innovation