How to Protect and add Fuel to Your 401k | Retirement Talk Ep 10 – LaTour Asset Management

Описание: Are you maximizing your 401(k) potential or unknowingly losing money to hidden fees? In this episode of Retirement Talk, Josh LaTour and Jim Margraf break down how to protect and add fuel to your 401(k) and other employer-sponsored retirement plans like 403(b)s and TSPs. They cover everything from investment fees and expense ratios to making smarter contribution decisions, understanding early withdrawal penalties, and knowing when and how to roll over into an IRA. Whether you're approaching retirement age or just starting to contribute, this episode is packed with real, actionable advice.

Timestamps:
00:03 - Introduction and hosts' reunion story
04:58 - Why protecting your 401(k) matters
05:46 - Understanding fees inside your 401(k)
07:01 - Why most people don’t realize they’re paying fees
08:15 - Common types of hidden 401(k) fees
09:25 - Why professional help with your 401(k) is crucial
09:56 - How to find and review your 401(k) fee disclosure
10:52 - Picking the right investment options within your 401(k)
11:25 - When and how financial advisors can help with your plan
12:09 - Why turning 59½ opens new IRA options
13:26 - The benefit of rolling a 401(k) into an IRA
14:36 - What to do with an old 401(k) from a previous employer
15:40 - Withdrawal rules and tax penalties before age 59½
16:09 - The Rule of 55 explained
17:39 - Key limitations of early 401(k) access
18:46 - Tax implications of large 401(k) cash-outs
19:26 - Why cashing out early is a bad idea
20:11 - Hardship withdrawals: When and why to use them
20:56 - The real risks of 401(k) loans
23:55 - How to safely add “fuel” to your 401(k)
24:29 - Matching contributions and increasing over time
25:55 - Real examples of aggressive 401(k) contribution strategies
27:05 - Final thoughts and how to schedule a consultation

📞 Have questions? Need advice? Contact us to set up a consultation today!

👉 Call us at 417-614-5402
👉 Visit us at https://latourasset.com

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Investment Advisory Services offered through LaTour Asset Management, LLC, an investment advisor in the states of Missouri, Arkansas, Texas, and Alaska, and may only transact business with residents of those states, or residents of other states where otherwise legally permitted subject to exemption or exclusion from registration requirements. Insurance products and services offered through LaTour Advisory Group Inc.  LaTour Asset Management, LLC and LaTour Advisory Group Inc. are affiliated companies. LaTour Asset Management, Joe LaTour, Jim Margraf, and Josh LaTour are not affiliated with or endorsed by the Social Security Administration or any government agency. This content is for informational purposes only and should not be considered legal, tax, or investment advice. Investing involves risk, including possible loss of principal. Always consult a qualified advisor before making financial decisions.