Maximizing Your 401(k)- Tips for a Strong Retirement

Hello Financial Masters,

Watch the full video HERE

Are you looking to build a strong financial base for your retirement? Then you're going to love this episode of the Money Mastery Unleashed Podcast! I'm Adam Olson, your host, and today we're diving deep into maximizing your 401(k) plan – the foundation for your secure financial future.

In this episode, I’ll walk you through:

• The ins and outs of 401(k) plans.
• How to contribute effectively.
• What investment options you have.
• Strategies for consolidating old 401(k) plans.
• Tips for maximizing your benefits.

Weekly Challenge: Take Control of Your 401(k)

This week, I challenge you to take the following steps to optimize your 401(k) plan:

1. Review Your Contributions:
2. Evaluate Your Investment Options:
3. Assess Your Risk Tolerance:
4. Check for Fees and Expenses:
5. Consider a Roth 401(k) Option:

Bonus Tip: Consolidate Your Accounts

• If you have multiple 401(k) accounts from previous employers, consider rolling them into a single IRA or your current 401(k) plan for easier management.

Stay Informed:

• Schedule an annual review of your 401(k) to adjust for any life changes and ensure your investments are still aligned with your goals.

By taking these steps, you can make the most of your 401(k) plan and set yourself up for a prosperous retirement. Tune in to the full episode for a detailed guide and more expert tips.

If you found this episode helpful, please like, share, and subscribe to the Money Mastery Unleash Podcast. Together, let’s build a financially secure future!

Best Regards,

Adam Olson

Maximizing Your 401(k)- Tips for a Strong Retirement

Are you looking to build a strong financial foundation for your retirement? Join Adam Olson on the Money Mastery Unleashed Podcast, where he dives into the essentials of maximizing your 401(k) plan. This episode covers the ins and outs of 401(k) plans, from understanding the benefits of employer matches to strategic contributions and investment options. Adam explains the importance of starting early, regularly increasing your contributions, and leveraging the power of compounding interest. He also discusses the difference between pre-tax and Roth contributions, the impact of market diversity, and managing your plan through annual reviews. Whether you're new to 401(k) plans or looking to optimize your existing strategy, this episode provides valuable insights to help you secure your financial future. Don't miss out on practical tips for consolidating multiple 401(k) plans, understanding target date funds, and making informed decisions about loans and withdrawals.

"Roth 401(k) contributions offer tax-free growth, which can be beneficial if you expect higher taxes in the future."

What you will learn:

• The ins and outs of 401(k) plans.
• What investment options you have.
• Strategies for consolidating old 401(k) plans.
• Tips for maximizing your benefits.

Learn more about Adam Olson by visiting the following links:

Facebook

Personal Website

Business Website

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Investing involves risk, including loss of principal.??

?Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.? Any strategies discussed may not be suitable for everyone.?

Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.? Adam Olson, Representative.? Mutual of Omaha Investor Services is not affiliated with any entity listed herein.?

This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.

Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties.? Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.

Disclaimer: This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. It is not to be construed as legal or tax advice. Please consult with your appropriate professional regarding your personal situation prior to making any financial decisions. Securities and advisory services offered through Mutual of Omaha Investor Services Inc, Member FINRA/SIPC.

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