{"id":15,"date":"2026-09-14T09:00:00","date_gmt":"2026-09-14T09:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/seanpolley-com\/2026\/09\/14\/401k-plans-overview-and-how-they-work\/"},"modified":"2026-09-14T09:00:00","modified_gmt":"2026-09-14T09:00:00","slug":"401k-plans-overview-and-how-they-work","status":"publish","type":"post","link":"https:\/\/www.seanpolley.com\/blog\/2026\/09\/14\/401k-plans-overview-and-how-they-work\/","title":{"rendered":"401(k) Plans: Overview and How They Work"},"content":{"rendered":"<div class=\"roomvu-news-container\">\n<p>A quick refresher on 401(k) plans, a cornerstone for many of my clients\u2019 retirement strategies. These employer-sponsored accounts allow you to make pre-tax contributions that grow tax-deferred\u2014a powerful way to build wealth in a disciplined, coordinated manner. For 2026, the contribution limit rises to $24,500, and those over 50 can make additional catch-up contributions, which can make a meaningful difference for late starters or those accelerating their savings. Keep in mind: early withdrawals come with penalties, and traditional 401(k)s require minimum distributions starting at age 73. Navigating these nuances is essential, especially for high-net-worth families and business owners who want to maximize every lever in their financial toolkit.<\/p>\n<p>\t<a class=\"roomvu-news-continue\" href=\"https:\/\/www.fool.com\/retirement\/plans\/401k\/\"><\/p>\n<div>Continue to full article<\/div>\n<p>\t<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A quick refresher on 401(k) plans, a cornerstone for many of my clients\u2019 retirement strategies. These employer-sponsored accounts allow you to make pre-tax contributions that grow tax-deferred\u2014a powerful way to build wealth in a disciplined, coordinated manner. For 2026, the contribution limit rises to $24,500, and those over 50 can make additional catch-up contributions, which [&hellip;]<\/p>\n","protected":false},"author":362,"featured_media":37,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-posts"],"_links":{"self":[{"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/users\/362"}],"replies":[{"embeddable":true,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/comments?post=15"}],"version-history":[{"count":0,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/posts\/15\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/media\/37"}],"wp:attachment":[{"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/media?parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/categories?post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.seanpolley.com\/blog\/wp-json\/wp\/v2\/tags?post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}