In this video I share with you considerations to think about on how much you should put in your 401(k) each year. This is not financial advice but things to think about to help you in making your decision. I recommend speaking to me or another licensed financial advisor if you are not confident making those decisions yourself.
How much money you should put in your 401k is an important consideration for all of us. If your company offers a match, do you want to make a contribution to get your full match? If you can afford to do so it likely makes sense. If the fees you pay are really high then it may not be the best. That is the key question.
Sean Moran is a financial advisor specializing in retirement planning, college planning, life insurance, disability insurance, Long Term Care insurance and a holistic approach to your personal finances. He is an author, former corporate tax professional and entrepreneur. He holds a BS from York College of PA and a Masters of Taxation from Fairleigh Dickinson University.
Bull Run Investment Management LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.