We’ve all been told it’s always a great idea to max out your 401k contributions. That’s conventional thinking. But here’s where it could backfire on you….
I came across an article in Investor’s Business Daily and the well-educated interviewee claimed that 401(k)s are too expensive. Well, I totally disagree. Here’s why.
COVID has caused more and more folks to think about retiring sooner than they had originally anticipated. If this sounds like you, make sure you know and understand how the rule of 55 works if you need to withdraw money for retirement income before you turn 59 and a half but after turning 55. Watch this short video to learn more.
Here are 4 common mistakes among 9 401(k) millionaires.