🕵 Beginners guide to how a 401k works.

[@fernity2]

I can’t believe they didn’t teach this in school

[@ixWebb]

For real, most people don’t sign up because they dont know how to use it.

[@Wanderersea]

This should be part of Economic Class in high school.

[@HaileyMarieGrande]

They have economics & personal finance in high school .. well mine did.

[@hatanohifumi4645]

They don't want students to know how to use money properly, so they can still get more students.

[@frankmomma]

I was required 1 semester of Econ in high school. It touched on this but that was a while ago. I don't remember it.

[@metalslug97]

I'm convinced that all of this finance jargon, unnecessary extra steps, and weird math are used to scare away hard-working people from claiming what their companies actually owe them for all of their hard work..

[@justinc2633]

they add pointless incentives to make it seem more attractive than it is, the s&p500 and other publicly traded indexes have higher returns and offer dividends (essentially interest) that goes straight to your bank. if you start investing $35 a week into the s&p 500 when you're 20 youd have well over 1m when you retire at age 62, if you reinvest the "interest" itd be a lot closer to 1.5, possibly 2m. i think the reason people shy away from this is because it fluctuates a lot more than your traditional retirement fund, in some cases it has returned negative in a ~5 year span, but thats during a really but recession. Over the last 90 years the s&p has outperformed any 401k/IRA etc. dividends right now (because of the economic situation were in) is a mere 1.1%, but during stable economic periods its around 4%, and thats just the amount going into your bank, your capital grows by an average of 9.8% (over a 90 year average) and 13% (ten year average). im not saying to put your life savings into the s&p 500 but its sure as hell where im going to be putting a lot of my money, im only 19 so luckily im just getting started. essentially when you put money into your 401k you're paying a hedge fund to take it and invest it themself, they make a lot of profit and thats why they are able to offer relatively safe returns. by putting your hard earned money straight into a well established index, you're skipping the middle man but are a lot more susceptible to market volatility, which is why you should only consider this if your accepting the fact youre going to take more risk and you have a lot of time for it to grow. over the course of 20 years the s&p has always been positive since it was created nearly 100 years ago. Im sure youve heard people talk about the power of compound interest, but what a lot of people dont realize is the ridiculous affect a single percentage point makes. 10% YOY return with 10k capital over the course of 45 years is 883k, 10.1% is 923k, 11% is 1.38 million. The slightest difference REALLY shows over long periods of time, and thats why you should learn exactly where you want your money to go.

[@katanamartina6682]

@@justinc2633 Holy cow man, you're only 20 (no) but seem to really know your stuff. Do you have any videos on your thoughts and suggestions? I'm 23 and working with the State of California so I want to start saving my money soon. Thank you

[@denizpaull]

I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $300,000. ' John Steven Barr' is among the most accomplished portfolio managers in the industry, widely acknowledged for his outstanding work. I highly recommend taking a closer look at his impressive portfolio.

[@alexsteven.m6414]

Becoming a millionaire through a Roth IRA or a 401(k) involves different strategies for maximizing profits. A Roth IRA offers tax-free withdrawals in retirement, which can be advantageous if you expect to be in a higher tax bracket later in life. On the other hand, a 401(k) provides tax-deferred growth and potential employer contributions, boosting your savings. The optimal choice depends on factors like your current and future tax situation, employer match, and investment options. Consulting a financial advisor can help tailor a strategy that aligns with your financial goals and circumstances.

[@belobelonce35]

For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

[@NorthCarolinaForward]

If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.

[@sirheisenberg4459]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@NorthCarolinaForward]

Rebecca Nassar Dunne is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@BateserJoanne]

Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.

[@bapbap2562]

Thank you for this video! I opened a 401k with my first job out of college, contributed to it for 4 years, left the company and completely forgot I had one.... Now I'm back at that same company and 8 years older and wiser LOL. Decided to put some effort into understanding it before I gave away a chunk of my paycheck. This video helped A LOT.

[@kathleenstoner.n7499]

@Logan Carter Why i advise to trade outside your company. Don't let them know! That is what i did, and here is my strategy i don't hold a lot of Juniors just Majors i prefer to trade the juniors through a Pro only because being very much more profitable it is riskier too.

[@bapbap2562]

@Logan Carter at my current place of employment, the money that they match with the employee stays in the account just as long as that employee remains continuously employed there for a minimum of 3 years. If you leave before 3 years, any money that the company put in to the 401k gets taken out. If you leave after 3 years, all the money they put in to it stays. Any money the employee puts in stays as well, regardless of whether or not you've worked there for 3 years. The money sits in the 401k and gains interest at whatever interest gain rate (idk the technical term) was specified. You can transfer that 401k to any new employer that offers 401k, because to my understanding, you can only have one 401k. You can also contribute to the 401k on your own, without it being connected to any company benefits program. Hopefully all of that makes sense!

[@dreadlocsamurai4241]

@@bapbap2562a little

[@Jmadrid530]

I'm 33 and signing up for a 401k for the first time, appreciate all the info. You did great!

[@acm1pt102]

good luck!

[@PrincePalmUwU]

Invest, invest, invest! Dont relay on your 401k save as well!!!

[@acm1pt102]

KingPalm69 yessirski

[@mambak9]

Im 20 and im nervous :(

[@Melvin_499]

I'm turning 21 in a couple of months and signing up for the first time. It's never too late!

[@Moonlambo2377]

Thank you so much for this video.I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 270k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 2.7 million in out tex deferred savings.

[@KevinCage.]

Happy to hear this, salute!

[@Moonlambo2377]

Erin Mary Worden you can look her up on the web.

[@alrocky]

@Tina Lafferty Do you have 401(k) at work with company match?

[@michaelklein9291]

Ballers

[@emmamendy7454]

Ha idk if u r real or not, your comments are everywhere with different names, aaaand following comments are also copy pasted

[@amalintaveras2313]

Thank you for this!!🙏🏻 i am 22 and i got my first real job after college. Once they started talking about 401k plan and “ matching” i knew that i had to go home and do some research

[@dividendincome9685]

I chose to mix two funds in my 401k. I have 70% in domestic and 30% in international. It’s been working really well for me.

[@kathleenstoner.n7499]

That is great to hear though I think there is no limit to how much the portfolio diversification principle should be put into practice while investing, no matter how much you are making from a particular investment so that when another is down, the other will be up. You can do so by getting an experienced specialist whose platform has diverse investment choices to choose from. By doing this, you give little room for regrets and perhaps gain more.

[@patriciacleveland2588]

@@kathleenstoner.n7499 Great tips. Generally, diversification is a key factor to investing. Don't put all your eggs in one basket. Pragmatically, I have been into all of these for some time, though I won't say I have made or lost a fortune. Do you mind recommending a specialist whose platform has diverse investing choices? Quite rare! I anticipate your response.

[@kathleenstoner.n7499]

@@patriciacleveland2588 Funny enough, I can honestly relate. I don't know if I am permitted to drop this here, but do run a check on Sandra Yvonne Webster or Sandra .Y. Webster Finance. Was in the news alot in 2020.

[@cymbamcreynolds8838]

Thank you so much for this! When I first looked into getting a 401k at my job this year, the percentages and menu was so overwhelming that I ended up not signing up cause I didn't want to make a mistake. Now, I know what do this time.

[@cade8986]

The company I work for matches 6%. I love it

[@lj3507]

Mine matches 7%.

[@crunch7500]

mine 8%

[@MrMACHETE305]

Mine 10%

[@madelinecoleman1967]

I've been meaning to set up my 401k for 6 months almost, but found it daunting. I'm not finished with school and working my first full time job, and I don't know ANY of these terms. This video took my 6 month daunting process and had me feeling comfortable with setting up my 401k in about 6 minutes. It also took the hassle of trying to define almost every word on the site and understanding 30 different investments, let alone the terms and how they work. Thanks- good video.

[@alrocky]

If your job offers company 401(k) match remember to contribute enough income to receive that match. If earning less than $40k you're in 12% Federal Tax Bracket so likely favor contributing to *Roth* 401(k) over traditional 401(k).

[@brucesmith6868]

I always recommend Dustin and jazz Wealth to people when they start to ask financial questions. When I see those people again they always say thank you and that they have learned so much.

[@STREETFIYAMIXTAPES]

Best thing I ever heard was "It doesn't matter how much is in your savings account, what matters is how much is in your 401K." Best advice i ever heard, I put 20% into my 401K when working overtime. Watching the gains 💰

[@alfredalbert8037]

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in our tex deferred savings.

[@alfredalbert8037]

Our Fin_ancial advisor is “ Doreen Louise Dehaan “. She is a professional fin_ancial/Invest_ment advisor. you can search her up on the internet where you can get necessary info about her and as well to connect with her.

[@alfredalbert8037]

@Thomas Freddy My financial advisor is *Doreen Louise Dehaan*

[@alfredalbert8037]

@Mark Tilbury I never imagined that these dividend stocks could pay me alot and obtain imaginable profits. A big thanks to my Fi_nancial advisor Doreen Louise Dehaan for being my eye opener.

[@hamstey1603]

Bro these bots 💀💀💀

[@tysondeleon9287]

I see this comment alot same wording 🤔🤔

[@jacobmast9437]

I love the beginning of the video where he says literally what a 401k is and is for

[@JenniferBellfilms]

I’m 23 and signing up for my first 401k today. I work at a real estate brokerage in their marketing department as of Monday, and they offer a 6% match. I’m meeting with HR today to help me set it up. Thanks for the insight!

[@TuPhonez4Free]

I just qualified last month for 401K plan. Glad Im doing research now and checking to this stuff. Good video.

[@wheatonrunner69]

Great stuff again Dustin! You're now my go-to content creator for friends that are getting into saving, finance, and retirement. Your beginners guides are very helpful for the majority of them.

[@Greggsberdard]

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[@crystalcassandra5597]

Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.

[@doublettekenny]

Videos was extremely helpful - thank you for taking the time to share the knowledge on this! Much appreciated and have a great rest of the day !

[@lalomalo8052]

Thank you! I know the matching part but no one ever explains how a retirement account is related to the stock market. I also never knew that the company match is always paid pre-tax, VERY valuable information.

[@serenewhopperman2924]

Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!

[@chrisanthony3560]

hello! a total noob here, your FA if you don't mind can you link me ?

[@serenewhopperman2924]

sure! she goes by Rita Wildrin Mora, you can search her up to connect with her

[@jerryscotfield6913]

Growing affluence is such a lovely thing to see

[@Danni_VA]

THANK GOD I found this. Thank you for this information I literally didn't / don't know what to do. All I see is money in my account and idk what's going on, so thank you. Still don't know what's fully going on but this is a great start.

[@gas_on_my_hands8283]

man thanks for the help with the financial language - thats the thing that usually prevents me from dealing with finances. just signed up for my 401k!

[@Unlucky210]

This video taught me more than school did.

[@nanashiwolf]

Fantastic! This is perfect for people who have learning issues and need a little help but dont know how or what to ask.

[@NicholasBall130]

Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

[@StocksWolf752]

Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, its advisable you work with a financial advisor to help set up a well-structured portfolio.

[@StacieBMui]

I agree. Based on personal experience working with a financial advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@cowell621]

Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

[@StacieBMui]

Finding financial advisors like Sonya Lee Mitchell who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

[@grego6278]

Thanks for sharing. I searched for her full name, found her website immediately, reviewed her credentials, and did my due diligence before reaching out to her.

[@aaronjaggers3117]

I’m convinced this whole thing is just a way out employers found a way of getting out of taking care of us until death for a life time of service and sacrifice . But we appreciate your sharing so we’re educated now .

[@gabbytriestomakethings]

Thank for the video! My company just started a 401k plan with a match so super excited to be saving extra income with that.

[@parvinhafiz1837]

Thnx a lot...It really gave me the information I needed since I m a beginner.....

[@elizabethmoore6913]

A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrad)e he will guide you properly.....

[@toniagottschall2122]

I found this quite helpful, I"m 46 years old and only had a superficial understanding of 401k plans. Nobody in HR explains 401k's because I don't think they know! I just got a new job and I'm going to have to tell people what everything is in their HR packet... Maybe I'll just show them your videos!

[@gabrielfreeman3196]

You can easily search for famous investment advisors like Delmar Nicholas Hall, he would tell you all you needed to know and how to start earning more profits.

[@gabrielfreeman3196]

You can meet him on his official telegram account @delmarhall

[@PersianImm0rtal]

Ive been trying to understand what to do with my 401k for years and this is one of the very few videos i found that seemed helpful! thank you

[@abenaboateng650]

Super helpful video for beginners who don't really know where to start when thinking about financial matters, thanks!

[@olgaharrell3176]

Love your humor. Thanks for the explanation

[@Dr.Strange0630]

AS I beginner that has no idea what anything is. I feel like this explained some good stuff. thank you

[@billnolan5375]

Retirement is wonderful if you have two essentials - much to live on and much to live for. It’s one reason I don’t involve in short term investments and why I’m still holding my stocks and tokens despite the crash. A good plan, risk and debt management helps actualize financial longevity.

[@katelyndesantis4146]

My next question as a complete beginner is what happens to the 401k once you leave that job? How do you handle it?

[@MJCoachthecoach]

I’m not the host but typically the company will ask you to transfer it and they cannot take it from you!

[@purplegirl8036]

You have to track them down and go through a bunch of red tape to get it out.

[@skwira000]

I suggest doing an asset transfer to an IRA with the same provider. Don't cash it out. You want to see the growth from the beginning to the end. Or if they will keep your money invested in the 401K, then you could even leave it. But asset transfer to an IRA with the same provider as your 401k means that money then can't be messed with unless you do something.

[@OliveRefined2Oil]

This board is so cool haha I’m sitting here like this is so nice and clean I’m looking for the chalk in your hand I don’t see a THING haha thank you for your help on this video

[@478Johnnyboy]

So helpful currently I’m 26 so I was wondering if I needed the 2060 blackrock fund but this video explained it clearly.

[@davidjr881able]

I'm a beginner I have to watch this video 3 × 2 understand Thank you jazz

[@davidlamont7551]

I still don't get how it works. So they basically take my money and then release it when I reach my retirement age. What about inflation? For example, the value of $1000 in 1970s = $6000 in 2020s

[@murphydriego154]

33 years old and I have more income then most people I know 82% is from investing

[@amarachelly1477]

Due to the COVID i was unfortunately laid off work along with some of my colleagues, believe me when say it did not rock me as it did my other colleagues because I have always invested in passive income over the years, I got my stock with the help of a professional.

[@evelyntray3524]

@@amarachelly1477 Even through COVID 19 pandemic the smart ones see it as an opportunity to make a lot of money in the market.

[@michealhull9475]

@@evelyntray3524 I wanna try again this time, I will like good advice from experienced persons. I don't wanna loose money in this. Thanks.

[@michealhull9475]

@@evelyntray3524 thanks so much for sharing

[@jacobgreer1512]

I’m starting at a young age and I’m already saving quite a lot I’m matching 6 percent in the beginning my paychecks aren’t big but it’s worth it in the end when I’m trying to get a home 😭

[@mariacruza756]

Thank you! I had NO clue about how 401k works.

[@Jazzwealth]

You're welcome!

[@gabrielfreeman3196]

You can meet a famous investment advisor for detailed information about 401k. meet him online using the link below to his official telegram

[@gabrielfreeman3196]

@delmarhall

[@ShaneHummus]

Another value content Dustin.

[@shawnthegreat4281]

Thank you I needed this 30 years ago

[@EricA-ts2qe]

Absolutely well broken down video am 30yrs and just started to care more abt my future n fiances, you guys have helped me understand with your videos...

[@jostgo1080]

Same here at 30 now I care about the future

[@tonythalocc5325]

Idiots

[@chuckp1506]

@@tonythalocc5325 hey man, its better than not learning at all. Just started at 24 and i feel late to the party as well. Some people arent taught the real value of money. More to it than i thought. That might be foolish but at least im choosing to get educated now.

[@tonythalocc5325]

@@chuckp1506 I'm just trolling I'm 23 too new to this have no clue what's going on

[@MatthewBuntyn]

It would be difficult for me to not invest in a fund with "super duper" in the name

[@elizabethmoore6913]

A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrad)e he will guide you properly.....

[@crazyleaf257]

Hahahah

[@OliveRefined2Oil]

Also this is so true I’m trying to set up mine now and they have a Roth option THANK YOU ♥️

[@kibreabb1924]

As a beginner, I got a lot out of what you had to say. Thank you .

[@Jazzwealth]

Thank you! It's an older video that we'll revisit soon as some of the data may be a little old.

[@ashutoshjha9101]

Love the background more than the video itself!

[@El_Gualla]

Best explanation on KZbin!

[@lauratanner6493]

19, started full time insurance work, much needed

[@stalinengoma7680]

Thank you 🙏 for all the details in this video. I learned a lot

[@LowkeyBreCollects]

I’m 25 and I’m trying to figure this out it’s hard to turn to help being so vulnerable and not knowing 😭🤦🏽‍♀️

[@miixedmusiic]

Exactly how I feel and I'm 24 hahaha

[@LowkeyBreCollects]

Nikki Ramirez Man at least we’re trying to make something shake! 😂💯

[@alrocky]

@@LowkeyBreCollects Did you have a particular question?

[@LowkeyBreCollects]

Al Rocky Any good books that I can look up on Apple book store and listen to while I’m at work? Should I get a financial adviser or look into getting a mutual fund? and what loop holes should I look out for when looking for financial advisers or a mutual fund?

[@dxrksideofthemoon]

With pre tax and post tax. I heard one of them you have to pay back the IRS at the end of the year, which is that one. Pre tax or post tax ?

[@crystalmccall9463]

I under everything you spoke on . My hubby had 401k for about 7 years I didn’t know he could loose money . I don’t know anything about the stock market but I know now it’s effecting his 401k big time ! Guess we need to learn more about this stuff see if there options or move his money.

[@alfredalbert8037]

You are right! If you are not conversant with the markets, I'd advise you to get some kind of advise or assistance from a financial/investing coach. I diversified my $450K portfolio across various market with the aid of an investment advisor, I have been able to generate a little bit above $1.2m in net profit across high dividend yield stocks, ETF and bonds this red season. For me, its the most ideal way to jump into the market these days.

[@alfredalbert8037]

*Gary Andrew Debellis* is my financial advisor/broker

[@bartoszdobroslaw9774]

Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

[@bartoszdobroslaw9774]

@maria sandra That sounds great and how do i connect with her ?

[@bartoszdobroslaw9774]

@maria sandra Okay i just found her website and left a message for her. thanks.

[@chrisb8870]

SpammmmmmmBOTS are hereeeeeew

[@johnmalone3256]

Very informative, thanks.

[@adrianaadrian6759]

Thank you so much for this video! I just turned 21, about 2 months ago and the company I've been working for about 2 years mailed me paper work for a 401k and Roth. I'm on the online portal and have no idea what I'm doing! This video was very helpful! Definitely subscribing to be educated more!

[@strongtowerman9661]

How are u doing with the investment?

[@artmercado1735]

I have a 401 and a 457 I'm not investing in anything just building up my broker said the market is to unstable to get a Roth, gonna look into those retirement date funds thanks again

[@gonzalesshannon4777]

Nice video. I have been looking forward to begin investing but too scared to start.

[@jennifergreen2169]

Due to the COVID i was unfortunately laid off work along with some of my colleagues, believe me when say it did not rock me as it did my other colleagues because I have always invested in passive income over the years, I got my stock with the help of a professional.

[@elaineschultz6430]

@@jennifergreen2169 Even through COVID 19 pandemic the smart ones see it as an opportunity to make a lot of money in the market.

[@gonzalesshannon4777]

@@jennifergreen2169 I wanna try again this time, I will like good advice from experienced persons. I don't wanna loose money in this. Thanks.

[@jennifergreen2169]

@@gonzalesshannon4777 I earned my first million without any previous experience, it was quite simple, Checkout JULIANA GUNAWAN LEE, She is quite popular, I saw her on an interview with CNBC, I looked her up on google and contacted her.

[@gonzalesshannon4777]

@@jennifergreen2169 I need to know more about the your recommendation

[@francisrivera1840]

Thank you. I’m a beginners so this video answered my question..

[@donnal.williams3924]

Thank you for doing this...my grandkids and I needed this info.

[@WilliamTurner-od5ij]

The increasing tax rate is the reason I rolled over my 401k to a ROTH. I wouldn't want to be paying taxes on current income on withdrawals made from my retirement account. I have been maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.

[@Kaicenatclips208]

Thanks finally someone takes it back to basics.

[@camokazi1313]

That was a great explanation.

[@IntegrityMatters77]

This is a great video!

[@CarmaTheOg]

Thank you learned a lot❤️

[@aprilascencio5686]

This was super helpful, thank you for posting!

[@bhupesh0111]

It's still great to contribute to 401k if you don't have the MATCH. Though in that case your first priority should be max your ROTH IRA.

[@yulia7191]

Thank you very much!

[@Casey73955]

Thank you thank you thank you!!! This is not taught in most schools!!

[@billstephens3350]

Thanks so much great examples simple is best for most people keep doing that

[@kimmungkim]

Thank you so much! you've earn yourself a new subscriber

[@outdoorsnevada4138]

If you want to take a bit more risk... when picking a year you can always pick a target date fund that is approx 5-10 years later than when you retire. Reason is initially they will purchase more stocks and less bonds initially.... once you get closer to that retirement date they purchase a higher percentage of bonds over stocks. So if you want a longer period of time of them purchasing stocks pick a fund that is 5-10 years past your retirement so you get an extra 5-10 years of them purchasing stocks instead of bonds. I Plan to retire 2055 I am in a 2065 fund right now.

[@forwardmovement_rising]

Thank you for this platform and important information.

[@trentwilliamson]

Bro you just saved me 10 jours of research. You rule.

[@GOSUmartialarts]

Thanks for the lesson. I'm learning!

[@voramai6286]

Which one do you recommend and why? for the before tax or after tax? Thanks!

[@kirisutegomen12]

I go with after tax to avoid paying tax in the future

[@alvaro93364]

Thanks for the info. Very helpful

[@Isa22Cruz]

This was helpful thanks!

[@Jazzwealth]

Glad to hear!

[@ronswoodshack3855]

Awesome Advice. My company just recently decided to start 401k. I have 16 years before I retire. I’m a total noob. Any advice?

[@alrocky]

Will they offer a company match in the 401(k)?

[@ronswoodshack3855]

@@alrocky not sure yet. More details to come. If they do not then I don’t see the point. I can do that with an IRA.

[@alrocky]

@@ronswoodshack3855 Then you best priority is to contribute $6,000 to your *2021* Roth IRA.

[@STREETFIYAMIXTAPES]

Is there other companies or groups that have something similar to 401K but post tax? Like they'll match $/% how much I put in? Is there such a thing?

[@alrocky]

Most companies that offer (traditional) 401(k) plans also offer Roth [post tax] 401(k) option. Some companies offer company 401(k) match

[@isaacgomez7675]

Thank you this helps a ton!!!

[@FlyingArmbar317]

My company matches 9% and I wish I maxed out long ago. I don’t make much but this helps. Thank you.

[@samsilva0]

Thanks!

[@VickyLatorreArt]

What happen to the money if I die before retirement? Also, what happens if I change my mind and I don't want to do it anymore, can I close the account and get my money back?

[@Nursemomi25]

Hi, this video is very helpful questions though so if your company matches up to 4% then you put in 4%, in the future if u decided to put up to 10% does that mean the company matches only stops at 4%?tia

[@lindyhaunschild1091]

Thank you. And I'm struggling with understanding. Can you give an example please with all the math? You go a bit fast for me. Translate this, "Company B provides a 75% match on first 8% of base pay that employees save in their VIP"......I don't get it. Thank you in advance.

[@alrocky]

Assuming $60k salary, 8% is $4,800. 75% of $4,800 is $3,600. If employee contributes 8% of salary (which equals) $4,800 to 401(k), the employer matches 75% ($4,800 x 0.75 =) $3,600 to the employee's 401(k).

[@jamesbailey1423]

So I work for a job and am really looking into a retirement plan but my job is not offering one ??so what can I do I have no idea honestly definitely some advice would be lovely please

[@alrocky]

Contribute $6,000 to Roth IRA every year. Look for comparable company that offers 401(k) with match.

[@sergiogarcia4367]

Great video thanks for the class

[@yezbozz]

Thank you!!! This is exactly the guide i was needing

[@TysonTeeter]

Great info! But, I also want to know who makes the board you were writing on and what it's called please!

[@kenadams3951]

I'm 58 today and everyone needs to do it. you will have a lot of money by the time your my age. do it. please.

[@nyc90]

You didn't mention getting the money back when you retire & how that works.

[@alexsmith6197]

I'm 27 and never started I'm just nervous about getting startes but this made me feel a little i just started at a job that's offering a 6 % match just wanna know if that's good and just some feed back i don't why I just be having feelings that I'm starting late and I just don't know if it's too late

[@carlkpsplucky5554]

Bro, you’ve already missed out on a few years of compound interest. I recommend you start right away. If you wait 7 more years you’ve potentially missed out on a couple hundred thousand. Yes a 6% match is good. My job offers a 5% match. Start contributing. let it grow and compound over the next 20 years and I promise you’ll be set for life.

[@ddennis2430]

So how exactly do you access this? Can you manually access the account or do you have to just set it up to where it comes out of your paycheck?

[@DeanneM1726]

I understood it. Thank you

[@joseavila1383]

Thanks for the info still scared of investing cause I don't understand it alot u simplified it more though thanks

[@BlackDesertSnake]

I ENJOYED THIS

[@ashleymejia473]

if you leave the company does the 401k follow you anywhere else you work with ?