401k Plans – License To Spend

19. Mistakes That Could Jeopardize Your Retirement — Part 2

By License To Spend | July 7, 2021

How much are you paying in fees and taxes on your retirement plan? Do you know how much less you could be paying when you learn about other retirement accounts?

In part two of this two-part series, Tim Whisler reveals the last five mistakes that could jeopardize your retirement. He discusses how fees and taxes could impact your retirement planning, along with the different types of accounts that could benefit you in your retirement.

You will learn:

The account fees you are paying instead of saving
How taxes impact your retirement planning
The benefit of rolling your 401(k)
The importance of assigning specific roles to your retirement accounts
And more!

Resources: Tim Whisler | The Whisler Agency: (309) 291-0491

Investment advisory and financial planning services offered through Simplicity Wealth, LLC, an SEC Registered Investment Advisor. Sub advisory services are provided by Advisory Alpha, LLC, an SEC Registered Investment Advisor. Insurance, consulting, and education services are offered through The Whisler Agency. The Whisler Agency is a separate and unaffiliated entity from Simplicity Wealth, LLC, and Advisory Alpha, LLC.

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Episode 15 – So You’re Retiring or Switching Jobs: What Do You Do With Your 401(k)?

By License To Spend | May 12, 2021

A 401(k) retirement plan offered by your employer can be a great savings tool, as long as you take advantage of it, and manage it correctly.

However, 401(k) questions surrounding employment, retirement, taxes, and the IRS arise all the time, and to clarify potential doubts, Tim Whisler reviews them all to explain the different 401(k) uses, whether you are moving on to new opportunities or simply retiring.

In this episode, you will learn:

The five available options for someone with a 401(k) who is switching jobs
What you should know about leaving and moving your 401(k) plan from your previous to your current employer
Why you shouldn’t cash your 401(k) plan early
How to roll your 401(k) plan into an IRA
The role of taxes and income streams when it comes to your 401(k) and retirement
And more!

Tune in to find out how to efficiently handle and make use of your 401(k) retirement plan!