Can I still put money in my 401k after I retire | Ep.48
Georgia Safe Retirement Planners · Georgia Safe Retirement Planners
Audio is streamed directly from the publisher (content.rss.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
You've retired and are wondering, "Can I still put money in my 401(k)?" The short answer is no—once you retire, your contributions to a 401(k) stop because the IRS requires earned income, like wages or a salary, to continue making deposits. But don't worry, your existing 401(k) can still grow through investments! In this episode, we dive into what you can do with your 401(k) after retirement, including how to manage your investment strategy, when to start taking distributions, and the option to roll over your 401(k) into an IRA for potentially more investment choices.
We’ll also explore other retirement income strategies, such as annuities, that can help provide a steady income stream throughout your retirement years. Plus, we’ll introduce our 401(k) Calculator, a handy tool to estimate your retirement savings and ensure you’re on the right track to meet your financial goals. Tune in for expert insights to help you make the most of your retirement savings!