Understanding What Your 401(k) May Be Costing You (Fees, Taxes, and Missed Opportunities) [Ep. 13]

About this Episode 

Most retirement savers know their 401(k) is their biggest account. What many don’t realize is just how many rules, fees, and strategies surround these plans, and how costly missteps can be. 

On this episode of GDS Unplugged, adviser Tim Allin, CFP®, CEPA®, shared insights on everything from early withdrawal provisions to the much-talked-about “Mega Backdoor Roth.” Below are the highlights. 

 

Resources: 

• Ready to take your learning to the next step? 

• Connect with Glen Smith and Robert Casey on LinkedIn. 

• Check out our blog on saving for retirement. 

• Subscribe to our YouTube channel. 

• Contact GDS Wealth Management for a complimentary financial consultation. 

 

Why Listen? 

This episode is filled with practical insights that can help you uncover the often-overlooked costs, rules, and opportunities within your 401(k). 

From hidden fees and Required Minimum Distributions to early withdrawal strategies, target-date fund pitfalls, and advanced approaches like the Mega Backdoor Roth, adviser Tim Allin and Glen Smith cover it all. 

Tune in to explore ways to better understand retirement strategies, avoid common pitfalls, and align your plan with your long-term goals. Don’t miss this opportunity to learn more about taking steps to better understand and prepare for your financial future.  

 

Disclosures:

GDS Wealth Management (“GDS”) is an SEC-registered investment adviser; registration does not imply a certain level of skill or training. This content is for informational and educational purposes only and is not investment, legal, accounting, or tax advice, nor a recommendation to buy or sell any security or strategy. All investing involves risk, including possible loss of principal. Past performance is not indicative of future results. Glen Smith and Tim Allin are registered with GDS Wealth Management; the views they express are their own and do not necessarily reflect those of GDS or its clients. Retirement and tax are complex, can change over time, and vary by plan. Be sure to review current limits and rules carefully and consult with a qualified adviser and CPA/attorney before making decisions. Mentions of third-party providers are for illustration only and not endorsements; GDS does not guarantee their services. Any forward-looking statements are subject to change and are not guarantees. For more information about services, fees, and disclosures, visit www.gdswealth.com.