Description:

More and more companies are providing a 401k as a benefit. Human resource managers frequently counsel their employees on the mechanics and planning of their 401k programs. This course provides a foundation for you to know how to appreciate vesting, select wise investment packages, and understand diversification. You will also be given tools and strategies for understanding and managing your involvement in stocks, bonds, and mutual funds.

Strategy 1: UNDERSTAND How 401(k) Plans Work
Tip: Maximize the value of your 401(k).

• Increase your money by matching.
• Save while deferring your taxes.
• Appreciate vesting.

Tip: Take control of your 401(k).

Competencies

1. Understand how 401(k) plans work.
   • Maximize the value of your 401(k).
   • Take control of your 401(k).
   • Make the three key decisions.
2. INVEST your 401(k).
   • Learn saving and investing concepts.
   • Understand investment products.
   • Manage your portfolio mix.
   • Avoid mistakes.
3. Withdraw your money wisely.
   • Access your money.
   • Learn to time your withdrawals.
   • Monitor your progress.