Mark Kohler explains how to claim your full 401(k) employer match before year-end. Call HR or your plan's 1-800 line to find out how much you've contributed and how much match you're owed. If there's a gap, contribute the difference by December 31 to get the free money.
Here's your action item. First thing tomorrow morning, you're going to call the HR department at your office, which might be Judy down the hall, or it might be a 1-800-number. I don't know how big your company is, but if you're participating in a 401k, you're going to call HR and go, hey, can you tell me how much I've contributed this year and how much my match is from the employer? Every department and any employer size should be able to go, oh, you've only put in three grand and $232 this year so far and your match is actually $4,692. Okay, what's the difference? I'll tell you the say, okay, now, between now and the end of the year, am I doing any additional withdrawals from my paycheck? Yes, it's going to add up to $362. Okay, what's the difference? All right, I'm going to come by your office and I'm going to drop off a check for that difference. Done. They will double that money or they may go, oh, go onto your portal online. Yeah, that's not going to say done, thank you for the check. They're going to say, actually, this goes to the 401k administrator. But, you know, I'm just giving just a practical, you know, I'm old school. Some of you are, like, write a check. Who are you? What is a check?
The secret to managing your family's future #financialfreedom #estateplanning #shorts
Moving Property to an LLC: What They Don't Tell You #realestate #investing #tips
