Yogesh Bansal, CPA®, CGA®, CFP®’s Post

Do you know your 401(k) options? After a few people asked, I created a quick piece to outline options people have with 401(k)s when they transition jobs - Roll it into an IRA - Leave it where it is -Roll it into a new 401(k) plan - Cash it out (but be aware of potential taxes and penalties) See the piece for more detailed information or call me to chat about your specific situation.

💼 Business Owners: Are You Aware of the Costs of Operating a 401(k) Plan? Managing a 401(k) plan involves more than just contributions—it comes with various expenses that can impact your bottom line. Understanding these costs is essential for making informed decisions that benefit your business and your employees. Check out this blog post from The Financial Incline which explores the different fees, administrative tasks, and compliance requirements that come with operating a 401(k) plan, and how you can manage them effectively. 📊 Read the full article here: https://lnkd.in/gabT7d8q #401k #BusinessOwners #RetirementPlans #FinancialPlanning #InclineWealth #CostManagement

In the new year, you may want to contribute new amounts to your employer’s 401(k) plan or Roth 401(k). Here are the contribution limits for 2025. https://bit.ly/4fBLyYQ #changesto401Klimitsin2025 #retirementtaxstrategiesfor2025

If your company offers a 401(k) match, this one's for you. When you defer part of your salary, are you spreading it out monthly to max out in December?If so, you're likely in good shape. But if you're maxing out your contributions earlier in the year, you might be MISSING OUT on some of your employers match. Unless your plan has a "true-up" provision. I've had clients who didn't realize they were leaving thousands of dollars on the table! This is just one example of the proactive planning we do beyond managing assets. We engage with our clients in two ways: through fee-for-advice (without taking custody of assets) or with a standard AUM model that includes comprehensive planning beyond the assets we manage. That's (one of) the advantages of using an advisor, even though, "your all set" there are most probably areas of planning you are missing. Do you contribute to your 401(k)? #401(k) #FinancialPlanning #LifeInsurance #WealthManagement

𝗖𝗵𝗲𝗰𝗸 𝗧𝗵𝗶𝘀 𝗕𝗲𝗳𝗼𝗿𝗲 𝗜𝘁'𝘀 𝗧𝗼𝗼 𝗟𝗮𝘁𝗲! If you’re contributing to a plan with their employer like a 401(k), 403(b), or HSA, check your pay stub—especially with the 12/31 contribution deadline coming up. I’ve seen people make simple mistakes with these: 👉🏼 They thought they were adding to a Roth 401(k) but ended up in a regular 401(k) instead. 👉🏼 They expected their 403(b) would be maxed out by now, but it wasn’t. 👉🏼 They signed up for an FSA when they meant to sign up for an HSA. Each paystub has a year-to-date summary that shows where all your money’s going. I recommend my clients do this every 6 months, but at the very least, try to review it once a year around this time. #JayeSubramanian #CPA #ConsultVera 

National 401(k) Day is the perfect time to review and optimize your 401(k) plan. Here are a few tips to make the most of your 401(k): 1. Maximize your contributions: Even a slight increase can make a big difference. 2. Review your investments: Make sure your portfolio aligns with your long-term goals. 3. Take advantage of employer matching: Don’t leave free money on the table. Remember, the best time to start saving is now. Looking for advice or guidance? We’re here to help https://ow.ly/HAQj50T4bLQ. #National401kDay #retirementplanning #financialwellness #investinyourfuture #lifevisionplanning

Starting a new job can be exciting and nerve-wracking. There are so many changes involved that you need to keep track of. One item that can get lost is your 401(k). When you change jobs, you typically have 4 options for what to do with your old 401(k). Read our blog to see what they are and find which works best for you. https://hubs.la/Q02vzkgm0 #401k #RetirementPlanning #NewJob #FinancialAdvisor #Tucson #AspireWealthPartners

Affordable 401k plans for all! 💰 Small contributions can make a big difference for your employees' future! Catch the full video ➡️ https://lnkd.in/ewcqxdqu #TeachingMillionaires #BusinessGrowth #WealthBuilding #MoneyMatters #BusinessStrategy #401k #FinancialWellness

The Hidden Costs of Ignoring Your 401(k) Did you know your old 401(k) could be quietly draining money in fees? Even if you’re not adding to it, the costs can stack up! Let’s make a plan to keep your hard-earned savings growing! #FinancialHealth #RetirementPlanning