401k Changes & Mishaps to Avoid

 There are many mistakes that people make when contributing to their 401k or 403b at their job. In this episode, find out what they are and how to avoid those pitfalls. We discuss the importance of contributing enough to get the full employer match, understanding Roth vs. traditional contributions, and ensuring your money is properly invested. Plus, hear about the significance of not cashing out when switching jobs, remembering old 401k accounts, and familiarizing yourself with vesting rules. Learn the implications of student loans on employer matching and highlight the changes introduced by the SE Secure 2.0 Act.

[00:07:42] 401k Mistakes to Avoid
[00:09:09] Understanding Employer Matches and Student Loans
[00:16:09] Investment Strategies for 401k and 403b
[00:20:35] Managing 401k When Switching Jobs
[00:23:56] Avoiding Temptation with 401k Transfers
[00:24:42] The Problem of Forgotten Retirement Accounts
[00:29:09] Understanding Roth vs. Traditional 401k
[00:35:13] The Importance of Vesting Rules

If you'd like deeper insight into one of the points Brittne mentioned, specifically the Secure Act 2.0 student loan retirement match, you can learn more here.

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