401(k)
279
MENTIONS
69
EPISODES
63
PODCASTS
Search complete. 279 mentions across 69 episodes found for "401(k)".
Nov 6, 2026
Pete D'ArrudaHOST
But there are over, I don't know, 7,000, 8,000, 9,000 different options out there in the money world.
Pete D'ArrudaHOST
So you're limiting your choices in the 401K, but at least you have that savings.
Pete D'ArrudaHOST
But if you're over 59 and a half and you don't have an income plan and you don't have a pension from your company, which I don't think anybody does these days, you really need to explore.
Pete D'ArrudaHOST
what it would be to move some of the money out of the 401k.
Jill SchlesingerHOST
Tell us about how you have saved, how much you've saved so far.
JohnAUDIENCE
I have my company, 401K.
JohnAUDIENCE
How much in there? It is about...
JohnAUDIENCE
One seven five.
James DahleHOST
Okay, the first priority is getting your match.
James DahleHOST
If your employer is offering a match in the 403B or the 401K, that is your first priority for retirement savings.
James DahleHOST
That's free money, right? Maybe the match works if they give you 50% of your first 6% of your income that goes into the retirement account.
James DahleHOST
So you put $18,000 in there, maybe they give you $9,000.
James DahleHOST
But for other residents, saving for retirement during residency is just a nice habit to get into.
James DahleHOST
It's not critical.
James DahleHOST
OK, I'd love for you to be putting some money into, you know, Roth accounts, maybe a Roth 403B or 401K, especially if there's a match being offered by your employer.
James DahleHOST
If there's not a match, you know, your Roth IRA, maybe a spousal Roth IRA.
Brian JamesHOST
A lot of people went through those years as workers, right? So I was working in 2008.
Brian JamesHOST
My 401K came down, and that stunk, but then it came roaring back.
Brian JamesHOST
I left it alone.
Brian JamesHOST
As a matter of fact, I continued to throw money into it, and therefore that money got a boost because it went in at the bottom of a hole.
Ben BrayshawHOST
Now you're gambling on whether or not you're going to live to 83 or 85 years old.
Dan MichelonHOST
And I think that's the perspective of a lot of the people that come in to us that have been prudent planners and maxing out the 401K.
Dan MichelonHOST
And you can always tell those people they're excited to say, oh, I'm going to wait until 70.
Dan MichelonHOST
I'm going to defer as long as we can because they see the bigger number and they think that's the prudent decision.
speaker_7AUDIENCE
Take-home is about $145,000.
speaker_7AUDIENCE
That's post-401K, life insurance, health insurance, and HSA deductions.
speaker_7AUDIENCE
We have a six-month emergency fund.
speaker_7AUDIENCE
We have zero debt.
Mark PinsleyGUEST
And one of those methods... is already in state law, which is taxing property and assets.
Mark PinsleyGUEST
That does not include their 401K.
Mark PinsleyGUEST
It does not include their savings.
Mark PinsleyGUEST
It does not include their first, second, fourth, fifth house, and so on.
Mark PinsleyGUEST
It doesn't include their pension.
Mark PinsleyGUEST
It doesn't include their 401K.
Mark PinsleyGUEST
None of that would have been taxed.
Mark PinsleyGUEST
This is really about taxing fairly billionaires and trillionaires.
Tom HaughHOST
But the inflation is starting to eat away at this big time because I don't think people have the dough.
Tom HaughHOST
And when I see people come, you know, 20 years ago, people would show up with their 401K.
Tom HaughHOST
It had never been touched.
Tom HaughHOST
Now it's been touched.
John KobyltHOST
They can pass, and what they'll do is they'll do it during the dead season, maybe the summertime when you're not paying attention, late on a Friday night.
John KobyltHOST
It never gets any media coverage, and you'll just find out in the next tax year, it's like, hey, they've got some kind of crazy tax now on your 401K.
John KobyltHOST
and good luck when you start withdrawing money.
John KobyltHOST
They're about confiscation and do not believe any of the reasons they give for the confiscation.
speaker_0HOST
That can affect how much you can contribute to retirement plans and other tax-advantaged accounts.
speaker_0HOST
For 2026, the employee contribution limit for most 401 and governmental 457 plans is $24,500.
speaker_0HOST
The IRA contribution limit is $7,500.
speaker_0HOST
The limits for 2027 should be confirmed using the IRS's official announcements before you finalize your plan.
speaker_0HOST
Why does this matter? Because higher limits can create an opportunity to save more for retirement while receiving the tax benefits associated with the account you're using.
speaker_0HOST
For example, contributions to a traditional 401 may reduce current federal taxable income, while qualified withdrawals from a Roth account can be tax-free.
speaker_0HOST
The rules and eligibility requirements differ by account.
speaker_0HOST
You don't necessarily need to max out your plan to benefit.
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