Description

Are you making the most of your 401(k)? In this episode of The Agent of Wealth Podcast, host Marc Bautis dives deep into the 401(k) – a cornerstone of retirement planning that has transformed how Americans save for the future. Tune in to discover the nuances between Roth and pre-tax contributions, including their immediate and long-term implications.

In this episode, you will learn:

• The evolution and history of the 401(k) and its impact on retirement savings.
• The key differences between Roth and pre-tax 401(k) contributions and their tax implications.
• How to determine whether Roth contributions may be more beneficial based on your current and future tax situation.
• The significance of employer matching contributions and how the Secure Act 2.0 has changed matching rules for Roth accounts.
• The concept of required minimum distributions (RMDs) and the recent changes affecting Roth 401(k)s.
• The Mega Backdoor Roth strategy, allowing high earners to maximize contributions to Roth accounts beyond standard limits.

Resources:
Episode Transcript & Blog | Checklist: Should I Contribute to My Roth 401(k)? | Checklist: Can I Make a Mega Backdoor Roth Contribution? | Bautis Financial: 8 Hillside Ave, Suite LL1 Montclair, New Jersey 07042 (862) 205-5000 | Schedule an Introductory Call