Hunter Benefits Consulting Group, Inc.

Is it Possible to Buy a Home Using a 401(k) Loan? 💸 That was last week's video, and we found it is possible on the 401(k) side as long as you're following your plan's stated rules. (read your SPD or talk to HR) In the video, we also go through the math to find out exactly how much to borrow from your 401(k) to get the downpayment amount you're looking for. Link to the video here - https://lnkd.in/gTkCnCEv But depending on who you go through, it may NOT be possible on the mortgage side. You will have to ask around to find someone who will allow it. Do we recommend this approach? It depends on you or your client's situation. But this is the kind of possibility and flexibility 401(k) plans allow. Have specific questions? Send me a DM. #401k #retirement #home

Happy National 401(k) Day from your favorite 401(k)ouple! It's been 20 years since Katherine Tipper and I have been working in this business together. Plus if you missed it, this is Hunter Benefits' 25th anniversary. That's a lot of years of 401(k) plans! We have learned a lot in those 25 years and are happy to help anyone with questions about 401(k) plans. Just send me a DM or email us at [email protected]. #401kday #401k #retirement

We recently did a video/ article on 401(k) loans and it has quickly become a popular blog post on our website! Here are 3 key things that make 401(k) loans different from other loans. - Interest Benefits: The interest paid on a 401(k) loan goes back into your account, benefiting your future self. - Exclusion from Contribution Limits: The loan amounts are excluded from annual contribution limits, allowing continued contributions to your retirement savings. - Repayment Structure: Repayments are usually structured per payroll, ensuring consistent repayment. Read the full article or watch the video to learn more! Link to video - https://lnkd.in/geszxVWX

Apparently, the 401(k) plan is officially dead... Our digital marketer Zach Orr, likes to see me yell at people on the internet about 401(k) plans. In last week's video, Katherine Tipper and I reacted to "Holy Sh*t! The 401(k) plan is officially dead" By Morris Invests. It's safe to say I got a little passionate... The funny thing is that I spent last week at a Fidelity conference where Fidelity said they were all in to help financial professionals and TPAs sell and help more 401(k) plans. The 401(k) is far from dead and won't go anywhere soon. But if you want to see me yell at scammers on the internet, check out the full video by clicking the link - https://lnkd.in/gTz3tNNv #retirement #401k #scammers

After 36 Years in the Retirement Industry, I'm Still Learning New Things! One big takeaway from our talk with Jennifer Wiczynski on our 401(k)ouple podcast is - The Hierarchy of Authority. The IRS' different levels of interpretation/ guidance within the retirement industry. 1. Regulations 2. Revenue Procedures 3. Revenue Rulings 4. Notices As Jennifer Wiczynski says, think of it as a gradient scale. Regulations are the most important, and Notices are the least important. Who knew? Thanks for teaching me something new Jennifer Wiczynski. You can watch the full podcast episode here to learn more - https://lnkd.in/g_yb3rZU #retirement #401k #IRS

Answering Retirement Reddit Questions - Reddit User: Seeking advice - should I continue to invest in my traditional 401(k) or switch over to a new Roth 401(k) Plan? TPA's: 🤦 *face palm* You only have ONE 401(k) Plan! Watch the full video here - https://lnkd.in/gJySUcgg #retirement #Reddit #retirementplanning

Great upcoming event in Chicago

We have officially published our first Podcast episode! From now on the 401(k)ouple Podcast will be coming out on Tuesdays along with clips from the episode posted here on LinkedIn. In this episode, we talked about the 50th anniversary of ERISA and why the golden age of retirement wasn't so golden. You can watch the episode on YouTube, Spotify and Apple Podcast now. Links in the comments below. #retirement #retirementplanning #ERISA

With Christopher Tipper

Had a great time at PDG with Katherine Tipper, Bill Clifford, Cameron Dabir, Julie Kiwada, Kirk Nellans, APA, QPA, AKS, QKA, Lisa Germano, CPA, JD, CGMA and Mark D. Swedelson, CPA, QPA. The Professional Development Group (PDG) is a nationwide compliance consultant study group that we have been part of since 2004. This week was our first in person meeting since 2019. Very happy to be back in person with these wonderful people. To have real professionals in the room freely sharing ideas is both fantastic and educational. #retirement #PDG #401k