Maxing Out 401k Still Worried About Retirement

The goal isn't to die with the most money in your 401k. The goal is to live well, protect your family, and leave something behind — without the IRS taking half of it. That requires a strategy, not just a savings account. DM me "STRATEGY" and let's build one together. #RetirementPlanning #WealthMadeEasy #IUL #GenerationalWealth #TaxFreeRetirement

Your 401(k) advisor isn't running your plan. They're running a meeting. Christopher Schuppe, CPFA® CRPS® with LoVasco, breaks down the difference between a committee meeting and an actual governance process — and why most plan sponsors have never had the latter. Plan governance isn't the investments. It isn't the record keeper. It isn't even the advisor. It's the operating system. And most plans don't have one. #401k #retirementplans #employersponsoredretirementplans #ERISA #DepartmentofLabor #retirementplanconsulting

🚨 Your 401k is NOT an investment — it's a tax wrapper. Most people don't know the difference, and it's costing them. Whether you have a traditional or Roth 401k, what matters is what you're actually invested in inside it. Not sure how yours is positioned? We'll break it down in a free 20-minute review. 👉 Go to - https://lnkd.in/d8d6DnjJ #401k #FinancialPlanning #RetirementTips #PersonalFinance #WealthBuilding https://lnkd.in/d8d6DnjJ

More flexibility is coming to 401(k) investment lineups.👇 The U.S. Department of Labor is proposing a new fiduciary safe harbor that reinforces one key idea: it’s all about process, not picking the “perfect” investment. For plan sponsors, this could open the door to broader options, including alternatives, as long as decisions are well-documented and grounded in factors like fees, performance, and liquidity. 🔗https://okt.to/t46glH #EmployeeBenefits #401k #RetirementPlans #ERISA

More flexibility is coming to 401(k) investment lineups.👇 The U.S. Department of Labor is proposing a new fiduciary safe harbor that reinforces one key idea: it’s all about process, not picking the “perfect” investment. For plan sponsors, this could open the door to broader options, including alternatives, as long as decisions are well-documented and grounded in factors like fees, performance, and liquidity. 🔗https://okt.to/lXWjLn #EmployeeBenefits #401k #RetirementPlans #ERISA

Top 3 reasons business owners like to include the government in their 401(k) plans... 1. 2. 3. You get the point. When people hear “retirement plan” why do they immediately default to a 401(k)? What if the best strategy wasn’t tied to market losses… and didn't include the government? The GOALL Agency Program flips that script. It’s designed to: Provide real financial protection (now, not just later). Grow money without market risk. Create tax-free income...on your terms. Allows business owners to control all the costs and choose who, and how much they contribute to employees... if they want to. No compliance fee. Oh...and... You’re not dealing with contribution limits, penalties, or government control over when you access YOUR money. It’s about control, flexibility, and security for both business owners and their employees. That’s why more companies are using strategies like this to: – Retain their best people – Protect their business – And build long-term financial stability I can help.

Great thoughts from my colleague Rick Wagner, CFP®, ChFC®. I’d add that the belief gives the appearance of diversification, but often it’s complexity that doesn’t need to be there.

I often see clients/potential clients come in to the office that have complicated their lives unnecessarily. Having multiple types of the same accounts for no reason is a good example of this (IRAs, brokerage accounts, old 401(k)s, HSAs, etc.). They believe that having multiple accounts at multiple places makes their plan better and gives more stability, or they haven't done anything with old accounts. This usually creates more complexity, and discontinuity. You should have a functional, uniform, and coordinated plan with all pieces of your financial life working in harmony to accomplish your defined goal(s). Begin by defining what you want in life, then ensure the pieces on the board are necessary and effectively working toward that goal. If they are not, look to combine accounts thereby reducing overkill and making your investment strategy effective and congruent. This eliminates unnecessary tax forms, logins, trading/investment costs, competing investment strategies, and most importantly, time wasted when you should be doing something more fun! If you'd like help looking into streamlining and coordinating your financial life, let me know. My team and I at Ironwood Wealth Management, LLC. would be happy to help! #IronwoodWealthManagement #FinancialPlanning #Retirement #FinanceTips

When profits start building, many owners face the same question: What’s the best way to take money out of the business? 🤔 Salary? Dividends? Pension contributions? Reinvesting back into the company? The answer isn’t always as straightforward as “what saves the most tax today”. The real value comes from stepping back and asking a bigger question: Does the way you pay yourself support the life you’re building outside the business? Your extraction strategy should connect to things like: 📈 Building personal wealth 🏖️ Future retirement plans 🚪 Preparing for an eventual exit 👨👩👧👦 Protecting your family Because paying yourself well isn’t just an accounting decision. It’s part of your long-term financial plan. #BusinessOwners #Entrepreneurs #FinancialPlanning #WealthPlanning #IFP

Making $400K and investing $30K a year sounds like a lot. It's a 7.5% savings rate. A reasonable target is 20-25% of gross income if you want to retire with options. At $400K that's $80K-$100K a year going to work for you. Most of the people I sit down with for the first time aren't close. Here's where the gap usually lives: - Maxing the 401(k) covers $24,500. - Maxing two Roth IRAs adds $15,000. - Mega backdoor Roth if your plan allows it, or a Solo 401(k) if you have any side income. - That still leaves a gap that needs to come from somewhere. - And that "somewhere" is usually a taxable brokerage that never gets funded because the cash gets spent first. The fix is boring. Consider automating a monthly transfer to your brokerage the same week your paycheck hits. Treat it like a bill. Not something you do with whatever's left over. The 401(k) is the floor. Not the ceiling.