@dollarsanddata@BrianFeroldi writes for @themotleyfool and focuses on long-term investing and fundamentals. His excellent new book "Why Does the Stock Market Go Up?" is tailored to beginners.
Most people know to take advantage of their employer's 401k match, since it's free money.
You need to know more.
Here are 5 simple ways to hack your 401k:
• Find out if your employer allows in-service distributions
You may not need to switch jobs to rollover your 401k. If you're unhappy with your company's investment options, consider an in-service distribution into a rollover IRA.
Maintain control over your investing options!
• Use your 401k to enable a backdoor Roth IRA contribution
There are limits to how much you can contribute to a Roth IRA.
But, if you have a 401k that allows roll-ins, you can roll your IRA into your 401k and then execute a backdoor Roth IRA transaction.