401k's are great only a portion
These are amazing products that your employer is probably paying for you and you literally don't know how much or what portion is being matched. This is common, but the majority of people don't realize that only a portion of the 401K is matched and the other part can be rolled over or the whole thing if you are leaving your employer and need to put this money into something. Wroth these days is the best way to go since it is taxed right now and when you take this money out there are no tax penalties. I'd recommend this to anyone especially young. or anyone who is needing to put their money into something that's going to give the the lasting value they're looking for.
Not all 401k's are equal
Some 401K's have different matches, some have different tax advantages, some rollover better than others. It all depends on a lot of different scenarios. But for the most part at Burkholz Insurance Agency we are able to help you with your financial decisions and help you find the best product that will give you long term returns and tax advantages. Social Security is projected to end in 2037. An estimate showed, which very well could be. We want you to be prepared for this downfall.
Deal or No Deal
Have you ever watched Deal or No Deal? A series of cases were placed with numbers on them and each number had a certain amount of cash inside the case. The contestant spins a wheel and 22 numbers on the wheel which correspond with the case numbers are chosen or eliminated. They could keep the case they began with or swap with one of the 21 remaining cases. When a number was rolled it would reveal the amount in that case eliminating the case and also eliminating the chances that that contestant would be able to win that case. If the contestant constantly rolled the $.01, $1, $5 and $10 cases, they were in pretty good shape to win more money than they had in front of them and even $1,000,000. Of the thousands and thousands of contestants the history of the game only featured, 3 contestants who actually risked the high money amount and won the $1,000,000 case. The majority walked away with absolutely nothing when they risked it all and went for the million dollars. There was a point when each of these contestants were offered to accept the case in front of them which had a 50/50 chance of being more than $1000. which is pretty decent.
Education
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed malesuada faucibus ex nec ultricies. Donec mattis egestas nisi non pretium. Suspendisse nec eros ut erat facilisis maximus. In congue et leo in varius. Vestibulum sit amet felis ornare, commodo orci ut, feugiat lorem.
