The value of 401Ks # 3
March 11, 2021
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M We encourage learning tools that help you provide for later, lower earning years. IRA’s and 401K’s are such tools that allow you to place money in them pretax, lowering your taxable income.
V Roth IRAs are funded by dollars already taxed. We encourage utilizing at least one of these tools. Either pre or post tax might be right for you. Or both. General information to research is online. Then examining what is available through your work or other places helps inform a wise decision. Rather like the farmer in biblical times sowing the seed, these tools are current seed.
M Farmers watch their crops. Your watching includes getting answers to questions along the line.