S5E11 - Everything You Need to Know About 401(k) Plans

In this episode, we’re diving into a financial topic that many find confusing but is crucial for building long-term wealth: 401(k) plans. 

As your favorite leadership coach and HR professional with over a decade of experience, I’m breaking down everything you need to know about 401(k)s—from contribution limits and tax benefits to employer matches and vesting schedules. Whether you’re new to saving for retirement or looking to maximize your contributions, this episode is packed with actionable insights to help you make informed financial decisions.

Tune in to learn:

• How 401(k)s work and why they’re powerful
• Ways to maximize your savings
• Smart moves to avoid common pitfalls

Episode Chapters:

[00:49] Today's Topic: Understanding 401k Plans

[01:40] Types of Retirement Plans

[03:37] Contribution Limits and Tax Benefits

[08:11] Early Withdrawals and Loans

[09:31] Employer Contributions and Vesting

[12:48] Maximizing Your 401k Contributions

[15:39] Conclusion and Final Thoughts

Resources mentioned:

401(k) limit increases for 2025

Stay connected with me:

• LI: Courtney Ball
• IG: Courtney Ball, MA
• FB: Courtney Ball, MA

Before You Go:

Have you thought about your 2025 contribution? Leave a review and share your thoughts!