Pontera’s Post

🚨 **Understanding 401(a) Withdrawal Restrictions: Why Can't I Access My Funds?** 🚨 Navigating the complexities of 401(a) plans can often leave you with questions, especially when it comes to accessing your hard-earned money. 🤔 Our latest video breaks down the key reasons why you might face challenges withdrawing from your 401(a) account and offers insights on how to navigate these hurdles. 🔑 **Here's what you'll learn:** - The specific rules and restrictions unique to 401(a) plans - How employer contributions and vesting schedules play a role - The difference between 401(a) and other retirement plans like 401(k) - Strategies to potentially access your funds legally and responsibly 📈 Don't let confusion hold you back from making informed financial decisions. Tune in to equip yourself with the knowledge to plan your financial future confidently! #RetirementPlanning #401a #FinancialAdvice #TheAnnuityExpert #InvestmentTips #FinancialFreedom 💬 Share your comments or questions below—we're here to help you understand and optimize your retirement plans! 🚀

🏦 Many think when they start their own business that they'll lose access to the 401(K) they're accustomed with their w-2 job. That's not true, though. Sure, you'll lose contribution rights to that exact 401(K) account and the matching contribution you may have been receiving from your employer. But as a self-employed individual, you can open your own retirement plan. --------------- There is a "solo" or "individual" 401(K) that you can open at a variety of custodians (Schwab, Fidelity, eTrade, etc). 💰 You can make the $23,000 contribution you're accustomed to.. 💰💰 PLUS a potential "profit sharing" contribution that ranges from 20-25% of your self-employment income based on your business structure. -------------- There are other types of retirement plans you can open instead, but the solo 401(K) is a popular and effective one. 😀 It's not too late to open one for the 2023 tax year either. #financialplanning #taxplanning #businessplanning #businessowners #401k

It is helpful to regularly review your 401(k) to be sure it aligns with your retirement goals and to adjust your investment choices as needed. If you have any questions, please let me know. https://bit.ly/4dOZdeS

Fidelity Investments is empowering the financial future of the everchanging workforce, offering tailored retirement plans. Effortlessly manage your 401(k) with Fidelity, ensuring smooth data integration and quick issue resolution with Aragorn AI. #retirementplanning #financialwellness #401k #dataintegration #employeeexperience

"Rolling Over Your 401(k)? Don’t Make This Mistake!" When transitioning into retirement or changing jobs, one of the biggest decisions is what to do with your 401(k). Leaving it where it is can result in overlapping funds and limited investment options, while rolling it over into an IRA can provide more flexibility and control. Imagine having access to a diverse range of investments and strategies tailored to your retirement goals! It’s time to put your money to work smartly for your future. Let's explore the strategies that can help you optimize this critical financial move. #RetirementPlanning #401kRollover #SmartInvesting #WealthManagement

How are you empowering your employees to understand common 401(k) pitfalls and secure their financial future?

Happy National 401(k) Day! We all want to retire on time with a well-funded retirement savings. But there are many common pitfalls and mistakes that can impact the amount employees have available in retirement. Some of those pitfalls include, withdrawing funds, not contributing, or not having funds appropriately invested. As an employer, you can help your employees avoid these mistakes there are many 401(k) options that you can implement that can help such as financial education programs, automatic enrollment features, clear communication, and attractive employer matching. If you would like more details on these mistakes and the steps you can take as a plan sponsor. Check out our article: https://hubs.ly/Q02NQBnC0 Let’s work together to help create a brighter financial future for your employees! 🌟 #National401kDay #RetirementPlanning #FinancialWellness #401kMistakes #EmployeeBenefits Investment advice offered through OneDigital Investment Advisors LLC.

Build financial resilience by saving for tomorrow, today. Time is an investor’s greatest asset. Leverage your employer’s retirement savings plan, such as a 401(k), to take advantage of an employer match and tax-advantaged savings. Saving for your future today will give your investments time to compound, which can help them grow exponentially over a long enough time horizon. Consolidating accounts is an easy way to clean up your portfolio. If you have a handful of old workplace retirement plans, a direct 401(k) rollover gives you the option to transfer funds from your old plan directly into an IRA in your name. An in-service rollover allows a current employee to move all or some of their employee-sponsored 401(k) plan into an IRA without taking the money as a distribution. Remember, saving for your future is key to building financial resilience. Let's make a plan and secure your future. #letsmakeaplan

Streamline and Automate your employee and HR Data from your Core HR System to Fidelity Investments. With Aragorn your data will flow seamlessly + proactively address issues. #workday #ADP #UKG #retirementplanning #financialwellness #401k #dataintegration #employeeexperience #hrtech #saas #Tech

Are you paying attention to the fees in your 401k? Many people don’t realize how much they’re actually spending on administrative, investment management, and individual service fees. While administrative fees cover the cost of record-keeping and customer service, investment management fees can take 0.5% to 1.5% of your assets every year. A 1% fee might sound small, but it can really add up over time, potentially reducing your retirement savings by tens of thousands of dollars. Are you paying too much? If you're unsure, now’s the perfect time to assess your fees and make sure your money is working hard for you—not for someone else. Let’s chat about optimizing your 401k to ensure you’re on the best path toward retirement. #RetirementPlanning #FinancialFreedom #401kOptimization