Robert Brokamp

How do you recommend that they go about approaching their employer or the HR department about making these improvements?

I think it's important to point out that just about anybody you talk to is in the same boat as you.

Anyone in the HR department is also participating in the same 401k.

Anyone in finance and payroll, CEO, they all have skin in the game here.

So if you can express it as not as a complaint, but say like, here's a way to make all of our situations better to increase the chances that we'll have the retirements we want.

Here are some suggested changes.

And as you pointed out earlier,

Adding these features actually does not cost a lot of money, or it doesn't cost anything.

All it requires is maybe updating the plan documents, and then the feature is there.

It doesn't cost the company anything other than maybe the fee to update the document.

All right, Buck, give us your final closing thoughts on recommendations when it comes to evaluating and improving your 401k.

It's time to get it done, fools.

And with Thanksgiving a few days away, we're officially in the holiday season and the giving season, including donating to worthy charities.

Besides making the world a better place, donating to qualified charitable organizations can make your tax bill a little lighter.

In a previous episode, I mentioned the value of donating appreciated shares of stock from your taxable brokerage account.

It could be stock, it could be bonds, it could be ETFs.

You avoid paying taxes on the capital gains, and you can use the cash that you would have donated to just buy new shares at today's prices, resulting in higher cost basis.

Another strategy, if you're over the age of 70 and a half, contribute up to $108,000 directly from your traditional IRA to a charity through something called a Qualified Charitable Distribution.

The transfer will not be taxable to you, and if you're 73 or older, the amount will reduce your required minimum distribution.

Here are a couple other considerations that stem from the one big beautiful bill that was passed in July.