Power Up Your 401(k) Plan
- Retirement Partners of Hawai'i
- 23 minutes ago
- 2 min read
Just like a game has levels, so does retirement. You can unlock new levels over time as you participate. The longer you participate, the more your savings may grow.
You Don’t Need to Be an Expert Player to Retire Comfortably
A 401(k) plan is your savings account for the future. You choose to put a portion of each paycheck into the plan and invest your savings. Contributions are automatic. Here’s how you get started:
Choose a mode: traditional or Roth 401(k)
Choose an amount: decide how much to save in the plan
Invest your savings: select your investments from your plan's menu of investment choices
Talk to an Advisor
Early career: Talk with an advisor about plan benefits, investment options, and financial priorities.
Mid-career: Talk with an advisor about changing financial priorities, windfalls or inheritance, and annual financial reviews.
Pre-retirement: Talk with an advisor about retirement strategies, including catch-up contributions, tax planning, required withdrawals, and retirement income.
The reward of saving for retirement is greater freedom to choose when to retire and how to live during retirement.
Investing involves risk, including possible loss of principal. This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal, or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.
Retirement Partners of Hawai`i
1003 Bishop Street
Pauahi Tower, Suite 880
Honolulu, Hawai`i 96813
Phone: (808) 681-7799
Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA/SIPC.
This information was developed as a general guide to educate plan sponsors and is not intended as authoritative guidance or tax/legal advice. Each plan has unique requirements, and you should consult your attorney or tax advisor for guidance on your specific situation.
©401(k) Marketing, LLC. All rights reserved. Proprietary and confidential. Do not copy or distribute outside original intent.
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