- Introduction
- Contributions
- Your Money Stays in the Plan
- Rollover from a Previous Employer
- Investing Your 401(k) Funds
- Selecting a Beneficiary
- Comparing your 401(k) to Other Retirement Plans
- Should You Participate in a 401(k) Plan?
- Does Your Spouse Have a 401(k) Plan?
- Deciding How Much to Contribute to the Plan
- What Can You Afford to Contribute?
- Limits on Contributions
Married couples, when both partners have the opportunity to participate in 401(k) plans, should carefully analyze the features of both plans to determine which one offers the best options and maximize contributions to that one first. Look at the variety of investment choices, the ease in which you can move in and out of investments, and if the company matches any portion of your contribution. For instance, if your company's 401(k) plan does not offer a match and your spouse's plan offers a dollar-for-dollar match up to 6% of contributions, you would be unwise if you didn't invest at least 6% in your spouse's plan (provided you can afford to).
Investment and insurance products and services are offered through Osaic Institutions, INC. Member FINRA/SIPC. TMB Financial Solutions is a trade name of The Milford Bank. Osaic and The Milford Bank are not affiliated.
| NOT A DEPOSIT | NOT FDIC INSURED | NOT GUARANTEED BY THE BANK |
| NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY | MAY GO DOWN IN VALUE | |
