{"id":58,"date":"2026-09-26T15:00:00","date_gmt":"2026-09-26T15:00:00","guid":{"rendered":"http:\/\/blogs.room-vu.com\/neashaminsuranceagency-com\/2026\/09\/26\/401k-plans-overview-and-how-they-work\/"},"modified":"2026-09-26T15:00:00","modified_gmt":"2026-09-26T15:00:00","slug":"401k-plans-overview-and-how-they-work","status":"publish","type":"post","link":"https:\/\/www.neashaminsuranceagency.com\/blog\/2026\/09\/26\/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>After more than 30 years guiding clients at Neasham Insurance Agency, I\u2019ve seen just how important it is to understand your retirement options. A 401(k) is an employer-sponsored plan where your pre-tax contributions can grow tax-deferred, helping you build for the future. For 2026, the contribution limit is $24,500, with additional catch-up contributions available if you\u2019re 50 or older. Keep in mind, early withdrawals come with penalties, and if you have a traditional 401(k), required minimum distributions begin at age 73. Knowing how these details fit into your overall retirement picture is key\u2014just as I do with annuities and universal life, making sure each piece works together for your long-term security.<\/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>After more than 30 years guiding clients at Neasham Insurance Agency, I\u2019ve seen just how important it is to understand your retirement options. A 401(k) is an employer-sponsored plan where your pre-tax contributions can grow tax-deferred, helping you build for the future. For 2026, the contribution limit is $24,500, with additional catch-up contributions available if [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-58","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":0,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media\/118"}],"wp:attachment":[{"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.neashaminsuranceagency.com\/blog\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}