The 401(k) is a well-known retirement savings vehicle, but how well-understood is it? This episode is your intro class, geared towards helping you better understand the basics, from tax benefits, investment options, loans, to what happens when you leave your job. Tim Guilford, President of Guilford Retirement Services, works exclusively on developing and managing retirement plans. In this episode, we also discuss the recent provisions included in the SECURE Act 2.0 that allow you to pay off student loans while saving for retirement, new Roth rules, and more. If you are enrolling in a 401(k) for the first time, or want to gain a better understanding of the moving parts, take a listen to finally get clear on what your 401(k) can do for you!
