Strategies to Maximize Your 401(K) Administration Balance

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Strategies to Maximize Your 401(K) Balance
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• At a time when most people don't have a
  traditional pension, growing and then protecting
  your 401(k) balance is essential for a secure
  retirement. Pay close attention to 401(k) rules
  to make sure fees, taxes and other mistakes don't
  unnecessarily reduce your 401(k) balance.

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• GET A MATCH
• The most common 401(k) match is 50 cents for each
  dollar saved on up to 6 percent of pay. If your
  employer offers a 401(k) match, make sure you
  save enough to take advantage of it.

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• STAY UNTIL YOU ARE VESTED
• You won't get to keep the 401(k) match from your
  employer until you are fully vested in the 401(k)
  plan, which can sometimes take as long as five or
  six years of service at the company.

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• MAXIMIZE YOUR TAX BREAK
• Traditional 401(k) plans allow you to defer
  paying income tax on the money you save for
  retirement. Investors can contribute up to
  18,500 to a 401(k) plan in 2018, up 500 from
  2017.

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• DIVERSIFY WITH A ROTH
• A growing proportion of employers now offer a
  Roth 401(k) option in which workers can save
  after-tax dollars, and distributions are tax-free
  in retirement.

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• ROLLOVER WITHOUT FEES
• When you change jobs, you can generally leave
  your 401(k) balance at your former company or
  roll it over to an IRA or your new employer's
  401(k) plan.

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• Visit heartcg.com
• Call 1 913-649-3171
• E-mail gmb_at_heartcg.com

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