Lorenzo Penn’s Post

Feeling overwhelmed by the complexities of retirement plans? Our latest blog discusses Roth vs traditional 401(k)s and IRAs, emphasizing the importance of personalized strategic planning. Understanding the nuances of your retirement plans can help turbo charge your savings and improve your path towards a successful retirement. #retirement #401k #taxes #taxplanning

Feeling overwhelmed by the complexities of retirement plans? Our latest blog discusses Roth vs traditional 401(k) accounts, and IRAs for 2024, emphasizing the importance of personalized strategic planning. Discover how understanding the nuances of each option can add significant value to your retirement strategy. It’s time to tailor your savings plan with confidence! https://lnkd.in/eK8FiQdp

In 2024, employees can contribute up to $23,000 to their 401(k) plans. But if you're age 50 or older, you can tack on an additional catch-up contribution of $7,500, bringing the total amount you can contribute as an employee to $30,500. Let’s talk about your retirement plan!

401(k) and 403(b) are great tools when it comes to planning for retirement. It can be a key part of your retirement plan when managed the right way. Let us know if you would like to talk about your options with your 403(b). https://lnkd.in/gXab_p35

Solo 401(k) plans provide corporations, partnerships, sole proprietorships, and entrepreneurs a beneficial way to save for retirement. If you fall into one of these categories and have no employees other than yourself, your spouse, and/or a partner, don’t overlook the solo-k. It’s a powerful plan with 7 big benefits you need to know if you are looking for a retirement savings alternative to IRAs. Learn more now. https://lnkd.in/erDqaFxs #solo401k #alternativeinvestments #smallbusinesses #retirementplans

Early withdrawals from a 401(k) retirement plan are taxed by the IRS. Find out how to calculate your 401(k) penalty if you plan to access funds early.

A good retirement plan includes a mix of savings plans, and depending on where you work, you may have different options. Reach out if you’d like help understanding your options and deciding which makes the most sense for you.

A good retirement plan includes a mix of savings plans, and depending on where you work, you may have different options. Reach out if you’d like help understanding your options and deciding which makes the most sense for you.

A good retirement plan includes a mix of savings plans, and depending on where you work, you may have different options. Reach out if you’d like help understanding your options and deciding which makes the most sense for you.