A 401(k) retirement plan is a tax-advantaged, defined-contribution retirement account offered by a lot of employers to their employees. This retirement plan lets workers save and invest a part of their paycheck before taxes are taken out, and taxes aren’t paid until the money is withdrawn from the account. Most people with retirement savings expect things to go well. However, several wrong turns can make it difficult for your nest egg to grow.
In this podcast episode, Matt DeCoursey talks with, his guest Chris Costello, on how his company can assist people with their 401(k) retirement plans. Costello is the founder of blooom (Three O's), and is passionate about leveraging technology to build solutions that help people make better choices with their money.
Companies like blooom are leveling the playing field in providing previously unavailable professional financial options to an entirely new market of investors, regardless of how many commas are in their account balance. blooom was founded on the belief that professional 401(k) help should be smart, simple and available to all Americans.
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