The Ultimate 401(k) Plan Ressource
After reading dozens of articles, books & interviewing Financial Advisors and Tax Accountants, I was able to collect all pieces of the puzzle and bundled all of it in this comprehensive article.
Find everything you need to maximize your 401k profits!
Make better & smarter decisions with your 401k contributions. Save thousands of Dollars and optimize your savings now! My results, what really matters & what I learned in short explained & summarized! Know all your options to tackle the best results when it comes to the 401k tax!
In this comprehensive guide you’ll find all you need to know to start the most profitable 401k plan. My research & results highlight the best 401k companies. The Pros and the Cons.
For Beginners, read my article: What is a 401k plan? The article explains fast & easy what a 401k plan is and also covers the 401k benefits.
Furthermore, you find my free 401k Calculator, to predict and forecast your 401k retirement plan. I also published various examples to understand the hidden fees and penalties when it comes to a 401k withdrawal.
Of course you can also read more details about the 401k contribution limits and the difference from the Traditional 401(k) vs. the Roth 401k.
I also discuss in more detail the 401k loan & the rules based on real examples.
My 401k Plan
We all are sitting in the same boat. And we all have the same goal. We want to make sure that our 401k investments are done smartly with the maximum possible performance and the lowest risk. No matter if you are looking to invest in a Solo 401k or a Traditional 401k.
If you are just starting out then I recommend reading my article: How to start a 401k Plan without nasty fatty fees!
A profitable 401k Retirement Plan should be treated with a lot of respect. It’s needless to say, that the majority of Americans rely on the funds of a properly setup 401k account.
The most important 401k Benefits
The most important advantage of investing in profitable 401 k plans is the so-called Employer 401k match. That’s the so-called “free” money or bonus that makes this investment so attractive.
That’s the real deal and the real reason why you should start and use the 401k benefits.
What are the 401k Limits for 2018?
401(k) Contribution Limits for 2018. The maximum amount workers can contribute to a 401(k) for 2018 is $18,500 if they’re younger than age 50. That’s a $500 increase from 2017 when the contribution limit was $18,000.
I recommend checking out my in depth article about the 401k Limits. You’ll find various examples and calculations that makes it very clear how much money you’ll be able to contribute – and how much money your employer can contribute, based on some easy calculation examples.
Check it out: 401k Contribution Limits and Examples
How can I get a 401(k) Loan?
Before you consider taking a 401k loan you should read my in-depth article in which I explain the 5-DEADLY SINS YOU MUST KNOW before taking a 401k loan. Additionally, use my 401k Loan Checklist and make smart decisions when considering all your options.
Understand possible double-taxation. Be aware of the fact that it is usually a 5-year short-term loan. Consider the payment options you can afford. Understand higher interest rates, and all other options if you are leaving your employer, or you get laid off or fired.
Get smarter and take care of your cash. Find here the 5-Point Checklist before taking a 401k loan.
If you are planning to start your own Solo 401(k) you should read more about my in-depth article here: How to start a Solo 401k.
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