401K Plans Brookings SD

This page provides relevant content and local businesses that can help with your search for information on 401K Plans. You will find informative articles about 401K Plans, including "What is a 401K?". Below you will also find local businesses that may provide the products or services you are looking for. Please scroll down to find the local resources in Brookings, SD that can help answer your questions about 401K Plans.

Mr. Erich L. Olson, CFP®
(605) 692-6643
307 6th St.
Brookings, SD
Firm
Thrivent Financial for Lutherans
Areas of Specialization
Insurance Planning, Investment Management, Retirement Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Mr. Tracy R. Odegaard, CFP®
(605) 692-1814
419 8th Street South
Brookings, SD
Firm
TRO Investments Inc.

Data Provided By:
Mr. Dan W. Corey, CFP®
(605) 342-5630
PO Box 3140
Rapid City, SD
Firm
Ketel Thorstenson LLP
Areas of Specialization
Accounting, Asset Allocation, Budget Development, Business Succession Planning, Comprehensive Financial Planning, Estate Planning
Key Considerations
Average Net Worth: $5,000,001 or more

Average Income: $500,001 - $1,000,000

Profession: Business Executives

Data Provided By:
Adam N. Marcus, CFP®
625 Main St
Rapid City, SD
Firm
Wells Fargo Advisors
Areas of Specialization
Investment Management

Data Provided By:
Mr. Douglas L. Verley, CFP®
(605) 987-2117
121 S Main St
Canton, SD
Firm
Verley Financial
Areas of Specialization
Wealth Management

Data Provided By:
Dr. Kathryn J. Morrison, CFP®
(605) 688-5196
Box 2275A
Brookings, SD
Firm
South Dakota State University

Data Provided By:
Richard Kahler
Kahler Financial Group
(605) 343-1400
1010 9th Street, Suite 1
Rapid City, SD
Expertises
Real Estate Investments, Ongoing Investment Management, Helping Clients Identify & Achieve Goals, High Net Worth Client Needs, Retirement Planning & Distribution Rules, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, ChFc, MSFP

Chance C. Stoeser, CFP®
(605) 366-0789
3301 E 26th St Ste 111
Sioux Falls, SD
Firm
Edward Jones
Areas of Specialization
Asset Allocation, Banking, Comprehensive Financial Planning, Debt Management, Estate Planning, Insurance Planning, Investment Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $250,001 - $500,000

Profession: Medical/Dental Professionals

Data Provided By:
Mr. Russ J. Pixler, CFP®
7912 S Copper Ridge Rd
Sioux Falls, SD
Firm
Foundations Wealth Management LLC
Areas of Specialization
Business Succession Planning, Comprehensive Financial Planning, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Rex C. Keller, CFP®
5801 S Tomar Rd
Sioux Falls, SD
Firm
VALIC Financial Advisors, Inc.
Areas of Specialization
Comprehensive Financial Planning, Intergenerational Planning, Wealth Management

Data Provided By:
Data Provided By:

What is a 401K?

Answer:
A 401K is an employer-sponsored retirement plan

that allows employees to deduct a percentage from their paychecks, which are invested into the fund. The amount that is put into a 401K is tax deductible, up to certain limits.

Typically, companies offer to contribute a certain amount as well to each employee’s account. This contribution is generally setup so the company will only contribute the same percentage the employee does or less.

For example, if you invest 6 percent of your pretax income into your 401K, depending on the company, your company may contribute another 6 percent for you, or perhaps only 3 percent. The amount matched is up to the employer. You will also gain the benefit of having to pay taxes on 6 percent less of your income as the 401K investment is tax-deferred .

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