Your 401k is a good investment in your economic future

Your 401k is a good investment in your economic future

A 401k is just one of the most investment that is powerful for your retirement — plus it’s IWT’s favorite thing ever for a couple of reasons:

  1. Pre-tax assets. You don’t get taxed in the cash you add at retirement age until you withdraw it. What this means is you’ve got more income to compound and develop.
  2. Free money with boss match. Many businesses will suit your 401k earnings as much as a particular portion. It’s basically free cash!
  3. Automated investing. The opportunities you make are obtained from your paycheck immediately each thirty days — which will be a giant benefit that is psychological.

Along with these amazing benefits however comes an expense: You can’t withdraw some of it and soon you hit the age of 59 ?.

When you do, you’ll be subject to fees in your withdrawal along with a 10% penalty through the government that is federal. Read more