Check Your Balances
Managing your money doesn't have to be boring. Check Your Balances is your weekly financial co-pilot, hosted by two experienced financial planners. We deliver straight-talk strategies and expert-level advice to help you save, invest, and finally feel 100% in control on your journey to financial independence.
Check Your Balances
Are You Making These 401(k) Errors? From NUA to Default Funds
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
Your 401(k) is likely your largest retirement asset, but are you managing it with a blind spot? This week, we cover the spectrum of 401(k) mistakes, starting with the heaviest hitter: Net Unrealized Appreciation (NUA). We explain how this specific IRS rule allows you to move company stock out of your 401(k) and pay lower capital gains rates instead of ordinary income tax.
From there, we scale down to the everyday mistakes. Tune in to ensure your retirement strategy is actually optimized.
Send your questions for upcoming show to checkyourbalances@outlook.com
@checkyourbalances on Instagram