Ep 60: Answering Your 401(k) FAQs

Phil's Tax Hacks

Many of us have a 401(k), but how much do you really know about it? What frequently asked questions does Phil get when it comes to investing wisely?

Read more and get additional resources here: https://philstaxhacks.com/podcast/ep-60-answering-your-401k-faqs/

Watch the video podcast: https://youtu.be/E5LyPiJcQW8

What we discuss on this show:

1:44 - What frequently asked questions does Phil hear about 401(k)s?

2:08 - Should you take the free advice offered through your employer’s plan?

3:43 - Are 401(k) loans good or bad?

5:41 - When does a 401(k) rollover make sense?

8:14 - Should you use target date funds?

10:50 - What should your contribution amount be?

11:52 - Which is better, the traditional or Roth?