How 401(k) Plans Work And Why They Killed Pensions

[@pheoix]

They should teach all this stuff in high school along with mortgage. Credit. School loans. Etc etc

[@pyromcr]

They do

[@Direct.injection212]

The US Office of Investor Education has a publication called " Saving and Investing". I wish people would read that instead of buy GME stock or penny stocks on a hunch on Robinhood.

[@joetraveler5609]

Will they teach the people? The Government want to keep the people poor so that people will not stop working til they die so that they will not stop paying tax to fund the Government til working people die.

[@jeffreystanley4991]

They do but most students don’t pay attention

[@walnutsandbeastiality866]

,,Legit? Oh yeah, I forgot, huh? 𝟰𝟬𝟭𝗞'𝘀 , tax returns and all. Yeah, right." (Lamar Davis, Grand Theft Auto V, 2013)

[@CameronFussner]

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 parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.

[@hasede-lg9hj]

Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $287k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

[@lowcostfresh2266]

@@hasede-lg9hj Please pardon me, who guides you on the process of it all?

[@hasede-lg9hj]

I won't pretend to know everything, though. Her name is Vivian Carol Gioia but I won't say anything more. Most likely, you can find her basic information online; you are welcome to do further study.

[@leojack9090]

Thanks a lot for this recommendation. I just looked her website up, and I have sent her an email. I hope she gets back to me soon.

[@arnoldc7585]

Bruuh.. I’ve seen the same exact comments on other videos. You’re not fooling anyone 💀

[@Beatricegove733]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.

[@NicholasHarmon-ow3jl]

Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k

[@brucemichelle5689.]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.

[@foden700]

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@brucemichelle5689.]

I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@foden700]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@NicoleBarker-he2vp]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@FusunTumsavas-cq7tp]

Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.

[@RossiPopa]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million

[@ericmendels]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@RossiPopa]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@ericmendels]

I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip

[@JetSkiBuyFixPlaySellChannel]

Bottom line is that companies saved big money by killing the pension plan and shifting the cost and risk with a 401k onto the employee.

[@wjb4578]

I mean, it's not that hard to manage a 401K. Most company plans don't offer any type of exotic option and you are mainly left with funds that attempt to track along with a well established index. If you don't want any risk (and by default, no loss OR gain) most index fund have a cash equivalent option - similar to a savings account (or a bedroom mattress).

[@wjb4578]

@@JetSkiBuyFixPlaySellChannel I like John Oliver and will do just that.

[@wjb4578]

@@JetSkiBuyFixPlaySellChannel OK, I went and watched John's video on retirement plans. While he advocates index funds over actively managed funds, we implicitly agreed as I also advocated index funds without the mention of actively managed funds. All in all, John's video explained things for the most part I already knew (financial advisors are garbage, actively managed funds don't outperform random picking, fees eat up your compound interest) so not sure what your point was in referencing his vid in response to my original comment. Furthermore, his video actually cheerleads 401Ks as long as one is smart about its management, where your original comment seems to denigrate 401Ks concerning the transference of risk from company to employee, which John's video didn't even mention. So again, your point in referring me to this video is lost.

[@wjb4578]

@@JetSkiBuyFixPlaySellChannel I don't even think John himself even mentioned pensions at all in the segment. Thr only reference to pension was in his piggy-bank picture where one of the pigs choice "cuts" was a pension, along with 401K, IRA, and annuity.

[@JetSkiBuyFixPlaySellChannel]

@@wjb4578 the main point was to invest in index funds and not pay fees to a "financial planner".

[@caseybills5517]

It is advisable to save at least 15% of your income in a 401(k). Online calculators can help you estimate the appropriate savings amount based on your age and income. By saving at least 15% of your income in a 401(k), you can work towards a comfortable retirement. This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time.

[@StacieBMui]

If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

[@StocksWolf752]

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

[@LiaStrings]

Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@StocksWolf752]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@grego6278]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@Theresaa12]

A Friend told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. is this a good way to potentially grow my retirement savings to about $3M over time?

[@BenTodd-fl8nv]

You need to create your own process, manage risk and stick to the plan, through thick or thin or you can just seek the help of a financial advisor.

[@RickWatson-xu6gw]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65%. I believe that is the most effective way to enter the business at the moment.

[@A_francis]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@RickWatson-xu6gw]

*Natalie Marie Gentry* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@HarrisRyan-oy8eo]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@kanegallagher9533]

The part of this presentation that’s missing is how corporations shifted the responsibility of saving for retirement to the individual while barely paying them enough to live. 401ks were created as a supplement to pensions, to help with increased lifespan, not to replace them.

[@SevenRiderAirForce]

I am eternally grateful for the shift. 401ks are way the hell better. Pension tenure requirements force you to stay at a company, and with no guarantee that the company will be around to even give you one. Far better to pay as you go and have the flexibility and control over it than leave it to your employer. Plus, employees always paid 100%, it's just an accounting identity that tricks people into thinking otherwise.

[@breynoso19]

THIS! It's why even with 401Ks, many people still can't retire comfortably (if at all).

[@agisler87]

@@breynoso19 nonsense. It's because people would rather rack up credit card debt and spend 15 hours each week watching Netflix rather than taking a little bit of time to invest in a 401k.

[@DWilliam1]

@@SevenRiderAirForce Not true at all. I paid 3% for 10 years into my pension plan and can already retire if I want at age 55 with 60% of my final average salary. I’m looking at $100K per year every year until I die(wife gets it then). I also have $500K in my 401K which I had to put in 100% of my own money and if I just skim the interest(say 6% a year) I can pull out $30K minus taxes. I put in about $48K TOTAL in my pension and over almost $200K into my 401K. The pension system is a much better deal. Do the math.

[@SevenRiderAirForce]

@@DWilliam1 You paid $48k into a pension over 10 years and it's now worth roughly $2M ($100k/.05%)? The math doesn't check out at all. When did you invest in that and when did you invest in your 401k? What investments did you make in your 401k?

[@Arnold-ic9jg]

I’d be retiring or working less in 5 years, and curious to know how best people split their pay, how much of it goes into savings, spendings or investments, I earn around $250k per year but nothing to show for it yet.

[@AaronTilt]

Money advice is subjective, what works for you may not work for me. I would suggest getting rid of any unnecessary purchases, especially things that cost you monthly, or better still consider financial advisory

[@Joeknowsball247]

Agreed, I'm quite lucky exposed to finance at early age, started full time job at 19, purchased first home 28. Going forward, got laid off 36 amid covid-outbreak and at once consulted an advisor. As of today, I'm barely 10% short of $1m after 100s of thousands invested.

[@camille_ann3]

I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?

[@Joeknowsball247]

Sure you can! Teresa L Athas is the financial advisor I work with. Just search the name. You’ll find necessary details to work with to set up an appointment.

[@williamJohnsonq8f]

Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.

[@KacieLehman]

Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.

[@MelindaMatsuda]

Prioritize two goals: strategically buy stocks to limit losses and maximize gains, and be prepared to capitalize on market shifts. Consult a financial advisor or professional for personalized guidance.

[@ShellyHuerta]

@@MelindaMatsuda Certainly, I've been consulting with a Certified Financial Planner (CFP) since the outbreak. Beginning with an initial fund of $80k, my advisor makes decisions on when to enter and exit positions in my portfolio, which has now expanded to around $350k.

[@KacieLehman]

@@ShellyHuerta Please can you leave the info of your investment advisor here? I’m in dire need of one.

[@ShellyHuerta]

@@KacieLehman Victoria Carmen Santaella is the licensed advisor I use. Just search the name. You’ll find the necessary details to work with to set up an appointment.

[@KacieLehman]

@@ShellyHuerta I will give this a look, thanks a bunch for sharing.

[@BEAUTIFULDIANAFRANCIS]

To achieve a secure retirement, aiming to save at least 15% of your income in a 401(k) is advisable. Online tools can assist in calculating the best savings strategy for you, considering factors like age and income. Consistently saving this percentage can help build your retirement fund effectively, thanks to the benefits of compound interest.

[@ReginaldsKeiths]

I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...

[@BEAUTIFULDIANAFRANCIS]

Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed adviser whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...

[@ReginaldsKeiths]

@@BEAUTIFULDIANAFRANCIS PLEASE SHARE WITH ME .

[@ReginaldsKeiths]

Oh please I’d love that. Thanks!

[@BEAUTIFULDIANAFRANCIS]

*CATHERINE DIANE PELICAN*

[@NikolasMartine01]

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."

[@OscarBarnaby3k]

Well said! Retirement is the reward of disciplined investing over the long term, not just a destination.

[@AgnesHarperq3x]

Well said! My adviser guided me through retirement planning, ensuring my investments were strategically positioned for long-term rewards.

[@MatthewAidan4ns]

That's a great point! Finding a reliable financial adviser would be essential for me to ensure my retirement plans are well-structured.

[@AgnesHarperq3x]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@MatthewAidan4ns]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@Jr2728]

They killed the pension because they're cheaper than pensions

[@eazy-333]

Most folks my age will retire with nothing. Not enough 401k.

[@SuperSurvivalman]

Exactly

[@Iwish4zombies]

What’s crazy is that most lost half of their retirement last march over a scare. What happens if something more catastrophic happens?

[@wildernessinwilderness8032]

@@Iwish4zombies the 2020 year finished out at a 16% return on the S&P 500. 2020 as a whole was a great year for the stock market. So people shouldn’t have lost money.. if anything they were able to buy stocks on a huge discount

[@Iwish4zombies]

@@wildernessinwilderness8032 yes 2020 was great to lower people’s cost basis. It’s very unnerving that it was able to drop so quick I’m more speaking on japans lost decade happening in America.

[@Bako-b8j]

I've been apprehensive about investing in the present market, but I also believe that it's the ideal moment to start. I've heard of someone making over a million dollars with just $300k, and I'm curious as to what kind of talents and approach might produce such a return.

[@trazzpalmer3199]

You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.

[@Bridget-l7p]

Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $235k to $690k despite inflation.

[@DavidLucas-so8rr]

Please who’s this consultant ?

[@Bridget-l7p]

"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.

[@RobertBrown..]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@jkjiggy6824]

I have $4,000 in my 401k and I’m 30 years old. Not touching it until retirement. Wish I woulda started when I was 20 ! Better than nothing

[@RealShaktimaan]

Same. I ignored it until 2018. Now I'm 30 with very little in 401k. I wish I started out early.

[@Abodd93]

That money will double many times over until you retire. Keep on saving!

[@Ryan_4_U]

Keep your head up, and those contributions up. When we are 70 we will be thanking our younger selves.

[@pyromcr]

Never gonna make it

[@lisadinh]

Put in a ROTH IRA if you are in a low tax bracket or manage your own investment account and buy S&P index funds by putting a portion of your pay every period. 401K is good imho if you have employer contributions (free money), otherwise it’s just a prison for your money.

[@stevensmiddlemass2072]

Why are IRA contribution limits kept so LOW ($6K/$7K)? They should be made the SAME as 401k limits so that folks without a 401K can be on equal footing! Somehow this video has helped shed light on some things but I'm aiming to create a portfolio worth not less than $2m before I turn 60.

[@Curbalnk]

A solid strategy can be a key component of an investor’s portfolio. Well, the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.

[@Cynthiafreshman]

Please how!! I would really appreciate if you show me how to go about it.

[@emilyau8023]

It's another check and balance to prevent the wealthy from taking advantage of it more than average workers.

[@themartdog]

It's because they are separate account types and you can invest in both. They don't want people investing 45-60k per year total (depending on age limits) and losing on that tax money now. I do agree though, I wish my Roth IRA had a 23k limit!

[@lv1543]

Its so you dont earn money and have to keep working

[@KingDavid-jj7tk]

40 now, and everything is paid for. Fortunately, I had a college economics teacher who taught me a lesson when I was 18 years old. That lesson was: you can't buy something else for every purchase you make. Having multiple sources of income is prudent, as is living within your means. I have a 13-year-old vehicle because it is all I need, I like it, and I can do whatever I want with it. My net worth is $4 million, and I can pay my bills without stress, but I don't live like I have that. I have no complaints.

[@FrancoiseReyes]

I fully agree; I'm 56 years old and recently retired with approximately 1.2 million in outside retirement funds, no debt, and very few dollars in retirement funds in comparison to my portfolio balance over the last three years. To be honest, the financial advisor's role can only be ignored, not dismissed. Therefore do your research to get a reputable one and that should be any individuals main route into the market.

[@stevensmiddlemass2072]

A million dollars in profit is a fantastic achievement; how can I contact this advisor of yours?

[@stevensmiddlemass2072]

thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@brianm6924]

Awesome

[@andrewcruz1931]

Nice lie bud

[@shoshanarubinstein2354]

The 401k didn't rise in employee "popularity" it rose it availability by the employers and employees took it to have something for retirement as pensions were no longer offered

[@luiscarter4293]

It's very sad you won't learn this in a lonat publicg while schools... 🤷‍♂️

[@TheJasonbail]

Yeah when they say a 401k is free money well when you look at what it replaced it's actually has a cost and that cost is the employee has to take the risk not employer

[@marcusbrown188]

Some firms offer both at the same time

[@kenc2257]

As an old guy, we're pretty happy that I have a modest pension.

[@chowsquid]

My company used to have both. Offered a portable pension so you can take it when you leave…..for a lesser amount of course. Eventually it become 401k for newbies.

[@SarahTaylor_]

Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE

[@JenniferDavis7630]

Investing in different kinds of assets can mitigate risk more effectively than placing all of your capital in one. See a financial professional if you don't comprehend finances well enough.

[@danieltaylor--65]

A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@debbygradley25]

This is definitely considerable! think you could suggest any professional/advisors I can get on the phone with? I'm in dire need of proper portfolio allocation.

[@danieltaylor--65]

“LAURELYN GROSS POHLMEIER ’’ 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.

[@donaldwayne7023]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@hannahschultz9074]

Successful people don't become that way overnight. What most people see at a glance- wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

[@kleaghoni3883]

I truly agree with you on that,

[@kleaghoni3883]

I must say crypto is the future and with the way Bitcoin is climbing so high it's really advisable for people to invest now.,

[@adasohas]

It's not about watching videos and wasting your time and strategy, I was ignorant doing so...I decided to try Mrs Serenay and ever since then she has made about $38,000 for every $4,000 I invested

[@cedricjiosh6935]

Jobs will pay your bills, business will make you rich but investment makes and keeps you wealthy, the future is inevitable.

[@cedricjiosh6935]

An opportunity that wan once a fear, is now my full time career.

[@richaelsophia6871]

I am new to investing, I’m 30 and have been working in customer service/ retail over the last 14 years and haven’t gotten anywhere in life, this video has been a big eye opener as I have been learning about investing over the last 2 months. I am tired of feeling like I’ve been getting nowhere when I’m a very intelligent and hard working individual.

[@AyaanFarax223]

Same here sis, 40 this July and I’m giving it my all to learn.

[@cristinabaker5292]

Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." start one today.

[@zacharyblount5282]

same her i made 34 a couple months ago, been watching financial channels for a couple years now. Slowly but surely improving economic health. knowledge is power

[@richaelsophia6871]

@@cristinabaker5292 How is it going for you? Do you have a pretty solid passive income every month from dividends or stocks if you don't mind me asking?

[@cristinabaker5292]

@@richaelsophia6871

[@nonterrestriaI]

It's sad you won't learn this with 13 years of public schooling.

[@jeffreystanley4991]

I did but most of my peers didn’t pay attention

[@nonterrestriaI]

@@jeffreystanley4991 what grade and was is a mandatory class?

[@nonterrestriaI]

@CNBC channel made 11hrs ago with 0 subs. RiP. 🤷‍♂️🤡

[@randymarsden1044]

I learned about mortgages, loans, taxes, compound interest, etc. in both algebra class and in economics class - over 50 years ago. IRA's didn't exist then but basic saving and investing did and was covered. Of course to get that information you actually had to take those classes, pay attention, do the homework, study for the tests and want to learn. Most did not.

[@krizzalid99able]

lol I misread it as 13 years of public shooting

[@ericmendels]

401(k) is a really effective way to grow your money. I love the safety of it, but I also want to have a stock portfolio with high growth potential and invest maybe 100k a year and also get dividends. Any idea how I could do this?

[@gregorywhem]

I was in this same position a couple years ago. I was always anxious about my retirement prospect and whether I was saving enough. I started working with a financial advisor, and I started making a lot of monthly dividends that my anxiety disappeared.

[@albacus2400BC]

Haha money makes anxiety disappear. There's a lot of potential in investing. My friend introduced me to a financial advisor in 2021, and even though I was skeptical, I went on. I finally was making enough in monthly dividends to quit my soulless job and pursue my dream to start a restaurant in New Jersey.

[@FeelMyTruth]

That's interesting. Been suggesting same to my husband. Could you recommend who you work with please?

[@albacus2400BC]

Sharon Lynne Hart is the licensed advisor I use. Just search the name. You’ll find necessary details to work with her to set up an appointment.

[@mohican-jx6fx]

This method of having a high-growth potential alongside 401(k) seems to be the method most people are employing today. Thank you for the recommendation. I'll send her an email, and I hope she gets back to me.

[@BradThePitts]

1. Contribute to 401K up to the company match. 2. If money is left over, max out ROTH. 3. If money is left over, go back to 401K.

[@slicklizardchamp]

Yep that’s how I do it. For allocation of the money it depends on risk tolerance but for me personally I do 70% in US large cap ETF and the remaining 30% in US bond ETF. Fairly aggressive but diversified if the market craps itself. Always aim to max out the Roth IRA contribution every year!

[@christodang]

Wish I could do a Roth but I’m a Canadian working in the US and while both governments have an equivalent account (Roth/TFSA) they don’t recognize them cross-border so only the 401K and the IRA is recognized cross border 😭

[@zzbudzz]

Money left over... LMAO

[@joelargueta9191]

For me I would insert “Max out HSA” before going back to 401k

[@mr.surplus2908]

Don’t forget about an HSA if you are on a high deductible health plan!

[@joesphcu8975]

The Savings Rate just collapsed down to 2.2%, the lowest level ever. Means Americans are running out of money. Last time it was this low was 2006-07. Right before GFC. Major Recession Warning. Expect a big decline in consumer spending in 2023. In five years, I would be retiring or working less hours, so I'm just curious about how people divide their income-specifically, how much goes to investments, savings, and consumption. I make about $165K a year, yet there is now nothing to show for it.

[@alexyoung3126]

I can't tell from your post if you have a 401(k), but with $165K in income annually and nothing to show for it, it sounds more like you need to review your monthly budget because you are living beyond your means. Seek financial advice, reduce your monthly expenses, and any money you save should be invested wisely.

[@lawerencemiller9720]

@@alexyoung3126 I'm self-employed, therefore I sponsor my 401k companies, and I'm open to multiple income streams. If you've worked with an advisor before, how was your experience with them? Is it as profitable as you make it out to be?

[@stephaniestella213]

In other words, an advisor-managed portfolio would average 8% annualized growth over a 25-year period, compared to 5% from a self-managed portfolio.

[@oneiljerry9460]

Yes, a Fidelity financial advisor named "Eileen Ruth Sparks" put an end to my fears about investing, and after making more investments, I was able to reach the seven-figure mark in less than 3 years. A licensing advisor satisfies the necessary security criteria; hence, reimbursement is guaranteed if I'm dissatisfied with the service, so I'm much better off hiring one.

[@lawerencemiller9720]

Thanks for this advice. Finding your financial advisor was easy after looking her up. I found her website afterwards, left a message and hopefully she will reply soon.

[@TeaWithTay]

I’m 19 and just started my 401k 6 months ago. Thanks Publix 😊

[@TwinJalanugraha]

Good for you. Invest in a S&P 500 index fund, and do not sell, especially when the market declines. Do not sell no matter what. You will be so happy you stay invested.

[@TeaWithTay]

@@TwinJalanugraha thank you 🙏🏽

[@kevinsaint9203]

Aye I work at Publix too and I had mine for a year and already have 2k in it

[@kjthomas4553]

19 tf you gone do with a 401k

[@carlkpsplucky5554]

@@kjthomas4553 watch it grow. You see, your mindset is why you’ll be working until you die. Your never too young to invest. Want to know what she gon do with a 401k? Contribute and watch it grow to hundreds of thousands over her working life. I’m 18 with a TSP. What you got?

[@Ogden1]

it's recommended to save at least 15% 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 15% 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. don't think I could retire with less than $3m in income generating investments and i'm not talking 401k, maybe $2m at the very minimum. I plan to work until I'm at least 45.

[@FeelMyTruth]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving

[@LorettaHoar]

Nowadays, it's really simple to invest in trending stocks, but the challenge is knowing when to sell or hold. To support me with entry and departure points, my advisor steps in. Within 18 months, I've accrued almost a million dollars from an originally stagnating reserve of $300K.

[@gregorywhem]

Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@LorettaHoar]

My consultant is “Kaitlin Rose Sternberg”, She has since provide entry and exit points on the securities I focus on. You can look her up online if you care for supervision. I basically follow her trade pattern and haven’t regretted doing so

[@FeelMyTruth]

Her website immediately showed once I copied and pasted her complete name into my browser; her credentials are outstanding; thanks for sharing.

[@instinctively_awesome8283]

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?

[@Robertgriffinne]

Making money from stocks look deceptively easy. The reality is that stock market is one of the toughest mental games in the world, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares you focus on....

[@Natalieneptune469]

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Deborah Jean Dykstra", whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

[@instinctively_awesome8283]

@@Natalieneptune469 Hello, please i'm in dire need of an F/A , how do i find this Deborah

[@PhilipMurray251]

@@Natalieneptune469 Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@RacingOvertime]

What i recommend is putting your money into a fixed index annuity. Your money is safe, even if the market crashes. But when the market goes up, you’re able to capitalize on the gains. If you’re interested, I would love to get in contact with you. That way I could break down exactly how the annuity works and potentially how much your money can grow within the next couple of years

[@generatorjohn4537]

The best advice you can give a new employee, young person today when it comes to a 401k is to invest as much as they can afford early on. The power of compounding over a long career will be amazing.

[@rhynosouris710]

Compound interest is amazing. In some cases, it has actually kept pace with inflation

[@twithrow2261]

Most are under paid to do 401ks

[@ADG-pl7ur]

Now you tell me

[@ADG-pl7ur]

@Future Philanthropist Neil no, I'm saying now you tell me about compounding interest and to invest early.

[@ADG-pl7ur]

@Future Philanthropist Neil Got it. Wish I knew earlier, like 30 years ago.

[@MegatPage]

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?

[@StacieBMui]

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.

[@Wellerpage]

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.

[@Wellerpage]

I work with Sharon Lee Peoples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

[@lolitashaniel2342]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@jeffjackson-ee2jv]

The biggest con of a 401k vs. a pension is that once you use up all of whatever is in your 401k it is gone, unlike a pension that pays you up to death. Granted if you have 5 million or so in your 401k, you could live off the dividends and interest, but most people don't have that much. It works for people in high paying jobs, but not so much for "working stiffs" you make 50k or less and don't have the ability to save the max in the 401k.

[@bucknut9475]

That’s the primary reason why the shift happened. People used to live only a short time after they retired. Now it’s not uncommon to live 15-20 years retired. This is an enormous burden on pension funds so we saw the shift to personal plans. In order to not drain your retirement fund the rule of thumb is a 4% withdrawal rate. The average person (in America) absolutely has the means to accomplish this if they start early enough. Investing just $100 per month for 40 years will get you a balance of over $1M using the long run average return on the entire stock market. A 4% withdrawal rate means you can replace 80% of your $50k income and still have your portfolio growing to account for inflation. The problem is the average person pays money they don’t have for things they don’t need to impress people they don’t really like. The average car payment is about $600 per month. People are literally paying a fortune to give the facade of affluence.

[@jordanmadden7388]

It is all about percentages though. Someone who makes less throughout their working life would have a lower standard of living and therefore need less in retirement. The real problem in my opinion is that finance is not taught in public education and the government just expects ordinary citizens to know this stuff and understand the details. Families that simply have the benefit of how the game works have such an advantage.

[@ClementRusso2]

As I approach retirement, ensuring the stability of my 401k after the turbulent year of 2022 is a top priority. I've come across stories of investors achieving up to $270k in ROI during this current declining market. Any advice on enhancing my ROI before retirement would be highly valued.

[@VickyAlvy]

For near retirees, having an investment advisor is the way to go. I've been with one because I lack the expertise and emotional fortitude for market ups and downs. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks realise.

[@antonnohr]

She seems highly educated and informed. I looked up her name on Google and found her website. Thanks for sharing.

[@stuart4341]

@@antonnohr you people are Nigerian scammers, all of these comments are scammers run by the same people.

[@francoamerican4632]

Is she single? Asking for a friend.

[@SaltySparrow]

Because 401k are more profitable for banks and less expensive for employers.

[@1ce1ceBrady]

This is the real answer

[@OneAdam12Adam]

You got half of that right. They cost the employees more and the tax payer more. Banks win twice

[@vg7985]

Less risk on employer side. No commitment to employee.

[@SevenRiderAirForce]

Employees always paid 100%, so less expensive for employers is a win for both parties.

[@myrad.florence9860]

I have both a pension and a 401(k). I'm a railroad employee.

[@richardking8016]

@CNBC Dude, we know you are not the real CNBC

[@mjohnson1741]

Good for you, hedge your bets!

[@myrad.florence9860]

@@mjohnson1741 What do you mean?

[@mjohnson1741]

@@myrad.florence9860 You're not putting all your investments in 1 source that's very smart.

[@jamesestrada7972]

Same for me - federal employee

[@wick2573]

Successful people don't become that way overnight. most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

[@Michael-bx1sb]

I have heard a lot about investments with Clara and how good she is, please how safe are the profits?

[@estherjack6027]

@@Michael-bx1sb I have also been tradingwith her. profits are secured and over a 100 percent return on investment.

[@estherjack6027]

My first investment with Clara gave me upto $53,000 and that has made me invest without the fear of losing, I got four of my friends involved with her already.

[@Michael-bx1sb]

@@estherjack6027 wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls

[@estherjack6027]

Write her directly on What'sAP👆

[@gabrielmm3515]

The stock market rally still appears to be in the midst of a normal pullback. I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[@Charlescarbajal971]

Find stocks with market-beating yields and shares that at least keep pace with the market long term. For a successful long-term strategy you have to seek guidance from a broker or financial advisor.

[@Deanswain19]

I agree, I was on the sideline for awhile observing, trying to figure out the best time to get in, that was before I came by a coach, commended by a pundit on Reddit, reluctant at first but I went ahead and got in touch with the coach, long story short, it's been 3years and counting and I've made over 1.5million dollars simply by following her guidance. I took a vacation to Bahamas this summer just to reward myself a little for the consistency lol

[@levinewson9667]

@@Deanswain19 Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@Deanswain19]

Having a counselor is essential for portfolio diversification. My advisor is Diana Luise Hines who is easily searchable and has extensive knowledge of the financial markets.

[@Yasminsantos011]

@@Deanswain19 Found her webpage, I wrote her an email and scheduled a call, hopefully she responds, I plan to start 2023 on a woodnote financially.

[@bertoncolon7857]

I personally got both. Got a 401k through work with an employer match (which is basically free money) and a Roth IRA. If you can do both, do both.

[@melindamichelle8263]

My employer takes out 15% of my salary for pension. I'd like to do both but it'd be way too much.

[@stacycunningham5833]

Same here.

[@bertoncolon7857]

@@melindamichelle8263 How about each time you get a raise, you take a percentage of that raise in put in a 401k/Roth? You get a 3% raise, you 1% and put in a plan. You'll see a bump on your check, so you know you got a raise, and after 5-10 years, you'll be clicking along pretty good in your plan. Heck, the first raise, you can put the entire percentage into your plan and get it rolling. Anyway, just a thought. Good luck.

[@madlyncunni9007]

@@bertoncolon7857 What are some good stocks to invest into a Roth IRA? I've had one for a few years and it's just sitting there?

[@bertoncolon7857]

@@madlyncunni9007 if you dont want to get taxed, just get some Municipal Bond ETFs, plenty that earns 4+% in dividends..but you can lookup ''Karen Marie Emma, for a professional guide, she's very good. Just look the name up and you'll see her page.

[@kortyEdna825]

I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

[@NicholasHarmon-ow3jl]

I only contribute 5% to get full company match, that’s it. The 401K plan is designed for you to work until you are about dead. Also, the government does not have their hands on it yet either.

[@KaurKhangura]

My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K it can really accelerate as the stock market grows.

[@PatrickFitzgerald-cx6io]

If I may ask, as in withdrew all of the money from the 401K and IRA programs? If so, what was your strategy behind that decision? Thank you.

[@KaurKhangura]

I learned about govt actions from cfp in ny by name ‘’Aileen Gertrude Tippy’’ . Ms. Aileen explained the benefits of long-term Treasuries and alternative investments, which the govt doesn't disclose.

[@PatrickFitzgerald-cx6io]

I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.

[@SkookyDoo]

Lol, "employer friendly" means screw the worker. Workers take all the risk in this country while the country bailouts the businesses. The businesses then buy ads telling you government handouts are bad and you should suffer every minute of your life for them and the country.

[@samsonchan1488]

Privatize the gains; socialize the losses...The American Way 🇺🇸

[@OneAdam12Adam]

True

[@john-zf1yb]

Technically the pensions is more employer friendly. As the employer can just cut your pensions if they want to. Happens all the time.

[@abitamimbharmal1498]

So use the 401k to invest in companies that get bailed out

[@agisler87]

Only a handful of businesses actually get bailed out. We should put a stop to the ones that so. You don't understand how businesses work if you think employees have all the risk. It's quite the opposite.

[@ConradGosling]

401ks have gone bust. its no longer news. To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent or relocate?

[@geraldantonio3160]

I know times are uncertain. I and my spouse are working on a ballpark estimate of $5M for retirement, and I have a good 6-figures each loaded up for this, you mean we can't do it in 5 years at most? I'm nearly 55.

[@SlParkerlee]

@@geraldantonio3160 Very true, people downplay planners role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advsors. Thankfully, I came across someone of practical knowledge, and decades of experience, I liquidated 200k of 325k from my 401(k) it has yielded nearly 1 m after subsequent investments so far.

[@marcorocci-ct7kw]

@@SlParkerlee can you refer me to this person you wok with please

[@SlParkerlee]

@@marcorocci-ct7kw Cant reveal much info, Stacie Kristal Weber is the C.F.P responsible for my portfolio success, it's only right you look her up and confirm yourself.

[@marcorocci-ct7kw]

@@SlParkerlee Thanks for the share! I'm looking forward to discussing with your planner Loren. I just had a chat with a correspondent on her platform. Looking forward to having a proper conversation.

[@churchillcoins8519]

We went from a pension retirements that worked for employees to 401K retirements that benefits companies and Wall Street. The 401K plan was created to supplement pensions not replace them. This is another way to take money from the working class. A pension is an annuity, insurance policy that pays a guaranteed monthly distribution. The total value of a 401K is based on the fluctuating, market value of the assets held. Your distribution is not guaranteed. As the market fluctuates so does your distribution. Wall Street offers 401K plans, mediocrely preforming mutual funds. It allows them to fund these mediocre funds while charging the holder high maintenance, management, transfer and other fees.

[@programking655]

Then invest in low cost index funds and buy an annuity, what exactly is the problem here?

[@gordonallen9095]

Not to mention, many acount mamagers charge excessive FEES just to service your account taking a significant "cut" of what you've invested.

[@Glen.Murphy8]

It's great to hear that you are considering investing in the stock market after being inspired by the success of Munger and Buffett with Berkshire Hathaway. Here are some key points to consider when investing a significant amount like the proceeds from selling your apartment:

[@_dr_ben_spell_castle]

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.

[@JanMuench467]

Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.

[@_dr_ben_spell_castle]

Leicia Zavala Perkins is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

[@judynewsom1902]

I've been considering retirement a lot lately, but I'm not sure if my 401(k) and IRA will provide me with a secure retirement. Even though I've been consistently funding my retirement accounts, the stock market can also be very volatile. About *30%* of my*$800K* has been lost in my stock portfolio.

[@albacus2400BC]

managing your investments within these accounts is just as important as simply having them. For this reason, you require the assistance of a market-savvy specialist for your portfolio.

[@sting_grayl]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now and I scaked up my portfolio by 45% since Q2

[@AddilynTuffin]

Pls who is this coach that guides you? I’m in dire need of one, my stock portfolio is declining rapidly. And I need investment advice for retirement.

[@DanielPanuzi]

I looked up her full name online and found her page. I emailed and made an appointment to talk with her.

[@PhongNguyen-nz9kz]

During the down turns is when money is really made. Stick to the plan, don’t freak out, don’t have a lot of debt and you will be fine.

[@lilacdoe7945]

They "work" by transferring all financial risk to employees and save companies from carrying a liability for long-term employees. They aren't popular because employees want them, they are "popular" because there's no alternative.

[@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 *Doreen Louise Dehaan* is my financial advisor

[@andrewa6607]

Literally a copy paste of another comment with different amounts

[@stevemace1725]

You never mentioned your losses in 09 to 2011

[@charlottedale1111]

My husband has been doing a “net worth statement” for a very long time. Our best advice is: “pay yourself first; live below your means”. We both enjoy our retirement lifestyle. The "idea" of retirement is the whole contradiction of fortv years of effort. The thoughts shift honestly creates good sized strain for many. I don't know who, however a person desires to pay attention to this, you have to stop relying on the government and saving all of your money. Venture into making an investment a few in case you actually monetary freedom

[@charlottedale1111]

Thomas Andrew Anton is highly recommended

[@charlottedale1111]

@Jeanne Boliva With the help of Thomas Andrew Anton Aka EarnwithAnton who works with an Investment organisation in England, I have been investing in the Foreign exchange market, Stock, and dividends with his expertise and quidance, he has helped me tremendouslv in making maximum profit in my portfolio

[@charlottedale1111]

Earnwithanton

[@charlottedale1111]

@Jeanne Boliva You are welcome

[@Z0mb13ta11ahase]

@Jeanne Boliva I would be wary of seeking economic recommendations in the comments of a KZbin video. Many bots and fake accounts that any Joe schmoe could be using to covertly coax people into shoddy advice or outright scams. Not saying this is the case just want everyone to be careful in this age of online scams.

[@scha0306]

Pensions were very good for employees. For the retired employee with a pension, they're guaranteed continued income FOR LIFE, regardless of what the stock market does. On the other hand, if for whatever reason, your 401K runs out (i.e. if you live a long healthy life after retirement, and/or the stock market crashes or you didn't invest "smart" enough), your 401K income evaporates and is gone. Also, there is nothing keeping anyone from investing in a 401K-style fund as a *supplement* to a pension, so it needn't be either/or. As a public employee, I'm sure glad I have a pension *and* a supplemental 401K-style plan.

[@zodiacdana]

Most employees don't stay at one job their entire working career. Pensions are terrible for workers. It's like Social Security. If you die before receiving it, you lose everything.

[@MrSupernova111]

I forgot to mention that if you have a 401k you own the vested balance. Many public pensions charge double digit fees out of your income to fund the pension and if you leave the job you can't take the balance with you.

[@corbin_8384]

​@@MrSupernova111that's still better a guaranteed retirement fund though 401k are not guaranteed.

[@harrisonwintergreen1147]

Why does your job owe you guaranteed lifetime income?

[@circletech7745]

pensions aren't perfect either. If the company goes bankrupt, your pension is gone. If the company mismanages the funds and overestimates returns, your pensions is cut in value. You can't take your pension with you to a new company. 401Ks offer employees more portability and options with their retirement, something pensions didn't. If you know very little about personal finance (as most americans do), yes rthe 401K is a bad deal. But if you like to managae ypur money ypurself because nobody will manage your money as well as you will, then the 401K is a better deal.

[@60lbackpack52]

Forgot to mention that some 401Ks have really high maintenance fees

[@DD-ye9bb]

Exactly!! Retire with 1.5 million, You'll probably see 500,000 after taxes.

[@MrHammer2088]

Not if you invest in index funds

[@cmdr1911]

@@DD-ye9bb Use Roth 401k to avoid taxes. I spend 20 bucks a year in fees

[@A_Shihtzu]

@@DD-ye9bb that’s taxes, not fees. Vanguard funds have low fees between 0.01%and 0.06% for example. Taxes would be based on if you chose a traditional or Roth option for 401k/IRA. You shouldn’t see 66% of your account disappear due to fees or taxes

[@chessdad182]

When your balance gets over X dollars, have most of it transferred to a Vanguard 401k account. I did it. Better options. Less fees.

[@brandonburnham7831]

To sum it up, paying pensions was cutting into profits for corporations, so they transferred the cost to the middle class worker through 401k’s.

[@siegfriedfurtwanglerknappe6188]

401Ks are vastly superior.

[@css666]

@@siegfriedfurtwanglerknappe6188 lol no they're not. Pensions are a lifetime benefit, 401Ks are not. 401Ks are highly dependent on the market, and you can literally outlive your 401K even with proper financial planning. Since you didn't provide any evidence, I'm assuming this is just a bot account anyway.

[@siegfriedfurtwanglerknappe6188]

@@css666 401Ks regularly reach million status. They compound tax free. They provide the average joe, in case they have a long term saving mind set, with the ability to become very wealthy. You have social security for life time coverage, but as we all know, that's more or less a scam and doesn't guarantee to meet any serious expenses.

[@chowsquid]

You should see the amount of underfunded pensions out there

[@programking655]

@@css666 You can buy a pension, it’s called an income annuity. Give me literally any benefit of forcing me to have a pension than to invest in my working years and then buy an annuity in my 60s.

[@Gdwin12]

I'm fortunate enough to walk away from a divorce amicably and I'm in my 40s with no kids. I have a pension with my previous job and also rolled it over into my current 401k. I also have a pension with this company and I'm grateful for that. Reading the comments and hearing people needing x amount of dollars is alarming considering they don't have a savings or retirement plan.😢 Most Americans are depending solely on social security and it breaks my heart that our politicians would rather reward migrants than my fellow Americans. Take care and be safe guys.🇺🇲🇺🇲🇺🇲

[@corneliajennins5714]

Don't get me wrong, I know the economy is in shambles and in order to break even and make profit, we have to ride it out until stock recovery, but how are some folks in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?

[@stevenbergwin5074]

You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.

[@corneliajennins5714]

@richszabo4693 can you refer the financial advisor that guides you? i really need to grow my portfolio

[@anthonymilner1088]

@richszabo4693 i looked Corinne up out of curiosity and she seems really proficient, i've already sent her a mail detailing my financial goal, i hope she responds soon

[@NotTheFlag1]

Those are market makers that lock in profits early pre market as well as after mkt 😅

[@arthurzetes]

@richszabo4693I just contacted her. Thanks

[@blkxdragon]

I’m retired, with a pension, social security, a 401k, and savings. I’ll tell you this. Without a pension as a safety net people will have to rely on their 401k. Lately companies are even reluctant to contribute to 401ks. People will be gambling their 401k on the stock market and end up jumping out of windows because of market fluctuations. It’s not going to be pretty.

[@a.okoronkwo311]

Thank you sir for your words. Appreciated

[@john-zf1yb]

That’s why it is good to diversify so market fluctuations don’t effect you as much.

[@christopherhennessey8991]

I agree as someone who has a pension ,savings ,and Social Security benefits.

[@visceratrocar]

You're put of touch, man. Millenials and Post-Millenials won't have social security, retirement plans, healthcare, or any of the benefits Boomers did. Maybe old folks will struggle, but none of it will effect us.

[@dfinma]

Agreed. The fact that it's gambling is rather shocking.

[@stuartjames1862]

For a few months now I have been searching tirelessly for information on how to start investing. I even paid $400 for a course that I now regret. It appears that there is no structured guide for beginners on how to get started in this realm. I’ve come across several investors making well over $250k/annual and I would be grateful if anyone on here could provide insights on how to get started, identify potential stocks when to make an entry, exit etc

[@georgecooper8750]

Keep it simple in the beginning. Buy something, like an index fund, and hold. Educate yourself in the meantime and elevate your risk tolerance over time.

[@danieljamal3709]

In order to make profits from trading you need loads of experience and a well-defined strategy, which most traders don't have. If you trade without the proper preparation, you're most likely to lose your money. Identify the buy/sell ratios and identify the market leaders and most importantly. Diversify! this will help you spread the risk

[@helenoliver4838]

Even with the right technique and assets, some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally, I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again

[@stuartjames1862]

who is your financial coach, do you mind hooking me up?

[@helenoliver4838]

My consultant is *MARTHA ALONSO HARA* I found him on a CNBC interview where he was featured and reached out to him afterwards. He has since provided entry and exit points on the securities I focus on. You can look her up on the web if you care about supervision. I basically follow her trade pattern and haven’t regretted doing so.

[@mattbowdenuh]

As a self-employed contractor, I had to create my own SEP-IRA and chose my own mutual fund. So it's a bit more complicated and difficult, but you do have some more control over your investment. The only issue is that you are 100% of the contributions, as you are the employer, but you do get some employer tax deductions with the contributions. So it's harder to be self-employed, but you have more control and get some additional tax deductions for the effort.

[@franwex]

Yep. You can always have an advisor manage it for you too. Yeah, they charge fees. But so do mechanics to fix your car too. It’s an option if it gets complicated.

[@sasstewart1222]

Agreed, i'm in the same boat and a SEP-IRA is the way to go. Takes a bit to set up but once you do its fairly simple (with vanguard or similar)

[@GrnXnham]

@@sasstewart1222 I am also self employed. Yes, I had a SEP IRA but then when I changed to an LLC, I had to switch to a SIMPLE IRA from the SEP. Neither are really very hard to set up or maintain.

[@alb12345672]

@@sasstewart1222 Yes, I was able to put in almost 50k.

[@john-zf1yb]

Why not index funds? Don’t mutual funds have high fees?

[@Maxxumus]

Don't ever invest in your company 401k stock...invest outside of it in your own funds

[@kathleenstoner.n7499]

I too advise people to trade outside their companies they mustn't know. I did it and here is my strategy I don't hold minor companies except i want faster profits at that time or when i get greedy i then opt for them through a Pro only because being very much more profitable it is riskier too and i can't handle Lol.

[@kathleenstoner.n7499]

Don't know if this is wrong. I work with "Sandra Yvonne Webster" She's quite popular and a director with NTS. You can look her up online. in all honesty, she is an Angel.

[@chowsquid]

Sure but what if your company was Apple or Tesla or amazon?

[@huizhongchangchang3520]

For me personally,leaving a corporate desk job after 10yrs only to start gaining massively from my various multiple streams of incomes has been one of the best life decisions I've made. First and foremost the freedom that it brings me, plus it taught me to be much more sensible with savings and investments.

[@SpriteMcBain]

And that's a very vital info many still fail to grasp,perhaps they lack awareness about investments or are just ignorant, totally depending on salary alone for wealth growing is not lucratively advisable..I'm 36, I've been maxing my 401k, IRA and HSA since I started working this month I cracked the million mark and I'm 100% into various stocks ETFS and crypto-currencies

[@huizhongchangchang3520]

Exactly 😌, many are just glued to their salaries they fear that without its securities they can't survive and that's when attaining financial freedom becomes tough. I'm also well invested into the financial markets and as of now I'm earning around $15k weekly and that's from crypto and the foreign exchange market alone 💙 it's amazing to see good testimonies from a fellow investor

[@brentwyatt2914]

@@huizhongchangchang3520 You're totally right Ma'am, after I chatted your broker I carried out my own research by searching his name on the web and I found his bio page. Today marks the 3rd time I'm profiting with his system, he has generated over $45,000 on my behalf in a span of 1 month from an initial $10k principal, I'll just use this medium to say his systems and methods really works and I'm now a beneficiary of it ✌🏼hoping to accumulate more profits letting him trade on my behalf in the markets

[@sailorquestion3229]

@@BrutallyHonestRevs Because it is a bunch of bots, they have been infecting KZbin for a while now Your unease is caused by: They are always agreeing (rare in the internet) They refer to a person without mentioning that person's name and somehow the other bot knowns exactly who they are talking about

[@luiscarter4293]

It's very sad you won't learn this in a lonat publicg while schools... 🤷‍♂️

[@Sheikxlove123]

I don't understand why aren't people talking about how we take on the risk instead of the company

[@boots911]

It's your money, you inherently will take on risk for investing.. how is this the fault of your company? If they match you then that's just a gift from them.

[@PandemicGameplay]

Someone has to take on risk. Risk is not bad if you know what you are getting into. Max equity drop would be 20-30% for one year max, would you rather the company be in control of your investments choices or you? If you want to invest in bonds or government treasuries for 20+ years and lose money due to inflation then go ahead your choice with a 401k.

[@easyDoes1T85]

@@boots911 you sound like an institutional slave

[@jherc12990]

It’s better that way, 401ks are limited on what you can invest it but it’s better if you manage it. What happens if your employer goes bankrupt if you were in a pension plan. Hell no your 401k is yours and you can carry it around with a rollover.

[@easyDoes1T85]

@@jherc12990 u can link your 401k to a self directed brokerage account, like TD Ameritrade. 401k is still garbage though

[@EthanBrown_23]

I recently sold some of my long-term position and currently sitting on about 250k, do you think Nvidia is a good buy right now or I have I missed out on a crucial buy period, any good stock recommendation on great performing stocks will be appreciated.

[@donaldwayne7023]

Palantir, ARM and Nvidia are all still good buy, but what do I know I’m not a financial advisor lol

[@Angelinacortez495]

Based on personal experience working with an investment advisor, I currently have $1m in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

[@JenniferDavis7630]

i'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@Angelinacortez495]

'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@danieltaylor--65]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@NWJF]

I fully understand the benefits of using 401Ks and IRAs. I also understand how important it is to "max" out both. However, the reality is, most people who make around the "median" or "average" income in the US. Let's say, $55,000 a year. People simply don't have the extra $12,000 to save in a 401k or IRA.

[@csick11]

I make 50k and I invest nearly 20k into 401k and roth annually! I'm not even 30 years old and have over 300k into My retirement already. I'm about to use 150k to start My own laundry and smoke shop business. I hate working for other people so I made life changing sacrifices

[@NWJF]

@@csick11 while your particular situation may be true. The values of sacrifice and delayed gratification are, indeed righteous when it comes to saving and compounding. I would say, your situation is unique when you look at the average. Do we need to teach those values to our youth? Absolutely. Is our current middle class ready to save 40% of their income? Absolutely not. My broader point being. The "one size fits all" mentality of 401ks and IRAs is flawled. No different than the "you must go to college or you'll fail" one size mentality of the 80s/90s. Our government sees the failure of social security written on the wall and I don't blame them for encouraging retirement savings. But in order to achieve that. They need to build the middle classes ability to save first. Either directly or indirectly.

[@csick11]

@@NWJF that's one of the major problems with Americans! They put wants before needs and make priorities out of meaninglessness! Having investment goals isn't first priority for many people. They rather have a nice car or up to date gadgets! People don't get into debts without having income. They basically drown themselves to the point where they are in a position to live paycheck to paycheck. I can't remember how many years it's been where I actually bought snacks and sodas while on the job during lunch breaks! Instead of 10 dollars a day in the breakroom. I spend 40 over the weekend to prepare meals for the next 2 weeks for work. Saving isn't hard! It's a goal that everyone should have but it's overlooked by many people. I come across many people who are making decent wages and working many hours of overtime with nothing to show for. During lunch breaks people will talk about how they are being underpaid or how much they hate the job. Everyone has a poor excuse rather complain Instead of finding a solution to fix the issue! I even told few of my long time employees how they could have made over 100 grand if they invested in the company where we work. They would laugh and think I'm lying. Make fun of me and call it a bluff. Once I showed them one of my stocks portfolio. The room got quiet and people were in regrets 😆. I can tell you even though they see the outcome. Not a single person has started to invest. These workers has no children or own homes! They are young bucks living with family making 60k annually and whining about being broke! The sky is the limit! I will always tell myself that I'm broke but I can afford anything that I need and retire early if I choose to do so

[@BrynnLarate66]

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>

[@Rubie-q4s]

Considering that I am only three years away from retirement, it becomes challenging for me to solely concentrate on the long-term perspective. Despite having invested in reputable companies and having a significant amount of funds allocated, my profits have been stagnant......,

[@BernardineRingwood77]

The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January,......

[@Golda-ln3ri666]

how do I get in touch with this consultant that assist??,...,..

[@BernardineRingwood77]

STEPHANIE KOPP MEEKS, that's whom i work with look her,....

[@tightywhitey9779]

*Easiest way to think about it*: Pension puts the risk in the hands of the employer, while 401k puts the risk in the hands of the employee

[@samsonchan1488]

100% this ☝️

[@dannyaviles4094]

Pension puts the responsibility in the hands of the employer, while 401k puts the responsibility in the hands of the employees.

[@user-ql7du9kp5u]

C,,,,O,,,,N,,,,T,,,,A,,,,C,,,,T F,,,O,,,R I,,N,,V,,E,,S,,T,,M,,E,,N,,T A,,S,,S,,I,,S,,T,,A,,N,,C,,E

[@user-ql7du9kp5u]

I~n~v~e~s~t~i~n~B~T~C~~{}~{}~E~T~H{}{}{} W~H~A~T~S~A~P~P +~1~7~7~0~4~6~2~0~1~0~3~~~~~.......................

[@1ce1ceBrady]

Unfortunately most employees spend more than they save so this is a terrible thing

[@timpratten2258]

Here in Australia we have superannuation. You start a job your employer opens an account. They pay 9% of your wage on top of what you get paid. If the worker contributes the government will contribute up to a certain amount. Everyone who works has this.

[@MrSupernova111]

That's amazing!

[@Horace1993]

Usa has social security that is effectively a tax that ultimately results in a pension like payment once you reach retirement - similar to super. 401k in addition to this for some

[@josej-h1471]

I’m 31, I have both.. 401k: $80k Pension: 8 more years to put in my time at my job.

[@nicedurians]

@CNBC lol fake CNBC. Don't scam here

[@michaelcharles4763]

Your experience isn't the norm Jose, glad you're doing so well

[@FirstLast-oz6rs]

Where do you work were they still offer a Pension AND 401(k)?!?!?!

[@dantaejohnson9781]

@@FirstLast-oz6rs UPS offers it

[@mikeyourbag8997]

@@FirstLast-oz6rs Jose, sounds like military. Speaking from my experience I'll retire in 6 years at 39 with a pension and our 401k (TSP) is A good plan. One must take advantage of both pension and TSP

[@itsmervinsz2053]

Lmao when she said people without 401 k didn't get affected cause they didn't have savings 😂😂😂

[@andrewbaker4652]

Sad but true. Most of the people I know who lost their jobs did not work for companies that offered/didn't make enough they felt comfortable contributing to a 401k. These tended to mostly be retail/service workers. Most of my white collar friends have experienced no problems and actually enjoy and prefer to work from home. Many of them even got raises over the past year or graduated with fantastic job offers lined up. The economy really is split in two.

[@itsmervinsz2053]

@@andrewbaker4652 doesn't mean people don't save money, people without them were the most affected because they most likely had to use all their savings to stay afloat.

[@andrewbaker4652]

@@itsmervinsz2053 Sad but true. I completely agree.

[@billyakin3301]

Most of these talking heads are Wealthy and can't relate at all, so when they talk, it doesn't make sense sometimes.

[@user-ql7du9kp5u]

@@billyakin3301 C,,,,O,,,,N,,,,T,,,,A,,,,C,,,,T F,,,O,,,R I,,N,,V,,E,,S,,T,,M,,E,,N,,T A,,S,,S,,I,,S,,T,,A,,N,,C,,E

[@georgestone0123]

*_I just turned 60, was planning to Retire Soon? B🔥🔥M the Economy Crashes into Recession and High Inflation ! I guess I will keep working another yr or 2?.._*

[@tahirisaid2693]

Working another 2yr is the not the problem. the problem is will you still retire well after that? I think the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time. I invested through *ROCHELLE DUNGCA-SCHREIBER,* same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months . She lives here in the USA and she is licensed...

[@florianmadison]

I really can’t drop her info here, Just do a web lookup using her full name and connect to her official webpage ..

[@georgestone0123]

Thanks for the advice. I found her page already. and left her a msg. It won't be a bad Idea to be investing while working. So that economy crashing doesn't affect our retirement..

[@dustinberthold962]

As a math teacher who is studying/teaching exponential functions, we recently discussed the importance to begin saving for retirement while young. It was awesome to see how this exponential growth connected with content and the importance for planning ahead/investing wisely. I love my students and desire to see them thrive throughout life; thank you God for this opportunity to serve!

[@djsausagebiscuits]

god bless you!

[@hobbes_is_real]

As long as you make sure to at least emphasize where the "growth" variable is coming from, since it's not guaranteed and could be very inaccurate.

[@AmyAshen]

@@hobbes_is_real At the beginning of the pandemic I saw some people take everything and move it to moneymaket/cash options because of the sharp decrease in value

[@MrSupernova111]

Correct me if I'm wrong but you don't need to, and probably shouldn't, calculate exponential functions to estimate retirement savings due to changing variables such as contribution amounts and annual rate of return. Estimating retirement savings is best done in a spreadsheet and inputing each variable separately while accounting for major life events such as purchasing a home or a car and the cost of education.

[@helensteve2817]

Thanks for this educative video. You all have to know that Growth is hard, but you have got to choose what you want for your life! Rather be stuck in the same place for years. Meet Maria Martinez. for your investment growth.

[@gurametsadashvili1888]

I have tried lots of traders but non is as genuine as Maria Martinez, though I was skeptical but still gave her a try of $500 and got a profit of $7,500 in 5days I'm so grateful🙏.

[@helensteve2817]

She’s available on telegram with the below username

[@helensteve2817]

@maria_martt

[@wvb6289]

I graduated from college 12 years ago and saved 80% of my salary by living with my parents and making my girlfriend pay any incidental costs. I bought 4 duplex apartment units, 2 car washes, and a laundry mat for passive income. I also grew my portfolio by trading options. I save more money by riding a horse to work because it eats grass. I have a garden so I I don’t have to buy groceries. I plan to retire soon and upgrade to a new girl friend with rich parents. Life is good.

[@helenharrison8916]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking the bold steps we need in other to reach our goals.

[@helenharrison8916]

@Mary Shea This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name MARTHA ALONSO HARA and everything changed. I started enjoying huge returns from my investment.

[@helenharrison8916]

@Mary Shea Look up her name on the webpage

[@danieljamal3709]

*MARTHA ALONSO HARA* is quite popular on Bloomberg I doubt if there is anyone who is serious about stock trading that doesn't know her. She has helped me quite a few times in growing my portfolio and it was blissful without any setbacks. she is a tough person in an industry that demands clairvoyance

[@face2lune]

This administration is putting many families in difficult situations. A lot of people are financially struggling to live, put a roof over their head and put food on the table. Things are getting worse these days, if you don't find means of multiplying your money you might wake up a day to realise you didn't plan well for yourself and family.

[@coolben854]

I agree with you and I believe that Professionals are currently dominating the market since they have access to both the necessary strategy for making money in this industry.

[@divlweb]

That's awesome to hear. I invested 5k in Robin hood about a year ago and it steadily went down, now my portfolio is down to $800. I don't know what to do and i am in between jobs

[@face2lune]

@@divlweb Understanding your financial needs and making effective decisions is very essential. If I could advise you, you should seek the help of a financial advisor. For the record, working with one has been the best for my finances.

[@divlweb]

I’m Glad i stumbled on this. Please, if its not too much of a hassle for you, can you drop the details of the expertise that assisted you and how to get in touch.

[@face2lune]

@@divlweb I get guidance from *Susan Tori Davis* Most likely, the internet should have her basic info..

[@cassiejacobs4197]

Most people venture into crypto to be a millionaire meanwhile I just want to be debt free

[@oliviagreg5298]

I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings

[@thomasdooley3702]

Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company

[@thomasdooley3702]

Now is the best time to purchase and invest in Bitcoin stop procrastinating

[@oliviagreg5298]

I'm new to crypto trading, how do I get started with the help of a professional?

[@oliviagreg5298]

Any specific guide?

[@hendrixscott2951]

Investing make up the top notch hemisphere of the wealth. That's the more reason one should save and invest to secure profit and ensure success

[@lisastephanie8451]

Beautifully said, I tell my folks these words everyday. It's good to save money but most people don't understand the market moves and tend to be misled in facts like this and always depend on money in the bank.

[@loganallec3855]

No doubt crypto has earned me alot, you just have to understand the market

[@allicinsmith8345]

That's definitely ignorance, they are good Markets to invest in and earn profits from your investment

[@pinnedb.ybugra.sukas.4967]

I have been trading for over 7 month's with no good returns, rather loss and blown accounts, really heart breaking

[@RobertSmith-ln8jy]

My personal portfolio/investment manager; Mrs Jessica Leigh Caden , after a whole week of research,she runs an investment platform where you don't have to undergo any stress in the trades, she manages my trading account which i opened with a capital of $3000 and now i have grown my portfolio up to over $6500, a huge success.

[@aggieschoonover4235]

401Ks 'became popular' because companies no longer wanted to provide retirement benefits to average employees, period. 401Ks are not so safe. They are subject to the whims of the markets, sometimes, seemingly often corrupted.

[@DavidEVogel]

Something tells me that you are broke. Just a hunch.

[@spacetoast7783]

Did you get burned gambling on GME and other meme stocks?

[@thoryan3057]

@@DavidEVogel It's as if millions of voices cried out in horror

[@john-zf1yb]

How do you think the company gets the money for the pensions fund? I’ll give you a hint it may have something to do with investing.

[@drewskij2175]

A 401k is better and far more stable 100% of the time.

[@jonathanwilson95]

One of the best benefits of a 401K is that I own the vested balance :) if I change jobs or careers, the money is still mine. I don’t have to work until the company thinks I’ve put in my dues, and I don’t have to deal with a pension being restructured if the company runs into rough times. These are some of the pro employee benefits of a 401k that I don’t believe was true of many pension plans.

[@zodiacdana]

401K's are a working person's best friend.

[@MrSupernova111]

I agree 100%!! Public pension are a multi trillion ticking time bomb and an outdated retirement system. For people who are responsible and have the discipline to save for retirement they will be much better off with a 401k plan.

[@Missbevybaby_]

Great points 👍🏽

[@erickuribe9860]

That's only if the stock market doesn't crash. Ooppsss too late.

[@joytest3144]

If they could match your 401k, they could pay you that amount also but choose to not and put it off until retirement. Hopefully this money doesn't get tapped in like Social Security.

[@cjswa6473]

The 401k was supposed to be just a supplement...now it is the only source

[@wasabitoburrion4409]

It can also be a risky source.

[@AJ_King_Innovations]

Lobbyists got the original bill passed with that intention !! The government doesn't give people a tax short cut to be nice. BEWARE

[@DavidEVogel]

Did you mention social security?

[@cjswa6473]

@@DavidEVogel I thought about social security,,but it is another heavily underfunded obligation. Scary

[@spacetoast7783]

Pensions are a cost of doing business just like wages. There's no magical duty of care between employer and employee.

[@gpecaut1]

Actually what ended pensions was the employment tax. 401's came about for two reasons. 1; Companies started dropping pension plans due to the new cost of the Employment Tax. 2; People started changing jobs, and loosing their pensions. It also helped by giving the employee a tax deferment.

[@optimusprime320-h9c]

They call it a win win. But it only benefits the company and leaves the worker out to dry because the fund is attached to the market and it loses money if the market swings down. The employee loses if things crash and has no back up

[@sayantanmazumdar3]

Americans were tricked into giving up their pensions for 401k by the corporate USA.

[@henryjones6303]

Through proper financial planning, there are more people achieving financial freedom faster today than ever before and the stock market is the best place.

[@DavidMiller-du9dy]

I’m currently looking out for stocks with solid growth prospects.

[@amberhills5296]

I’ve bought lots of stocks that seems like there’re gonna generate good profits but they always end up performing poorly.

[@geraldbenzinger9703]

Many of the best stocks to buy for the rest of this year remain heavily tied to economic recovery prospects.

[@derrickadams8416]

@Paul Nolan I’m aware of Frost Hilda, how consistently are the profits and how long has it been?

[@jackholley4286]

That’s a good thing you’ve got going on Paul , Some stocks are in the right time to deliver impressive growth.

[@IakonaWayne]

They should also teach people how to start families and have good relationships.

[@bubbahyde322]

Kind of like churches and families used to.

[@easyDoes1T85]

They'd rather teach girls how they don't need a man, and boys that they can be girls

[@awakenedone7577]

Well honestly that's what churches used to do. Good churches still do. But the liberal churches are like anything you see on TV

[@kushal4956]

it's cnbc

[@bubbahyde322]

@@awakenedone7577 Those who cry loudest about keeping morality out of the state are the ones getting their religion from the state.

[@daniellecooper1302]

It's my 15 years being retired now. And life hasn't been so difficult as I thought basically because I put my head down and made ways for other source of Income. I'm a huge fan of earning more money, and I think everyone should have a side hustle. Side hustling can allow you to earn that little bit of extra money that can help you achieve your financial goals faster - whether it's paying off student loans or saving for retirement.

[@pierceandhide5413]

ve been considering buying ETFs/SCHD stocks for retirement, I have set asides $100k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing, please I could really use some guideline.

[@daniellecooper1302]

@@pierceandhide5413 You can buy dividend ETFs if you don't want to get into individual stocks. My favorite is SCHD. you can use a coach as well.

[@pierceandhide5413]

@@daniellecooper1302 A coach sounds like a good idea, can you recommend a good one?

[@daniellecooper1302]

@@pierceandhide5413

[@nickcoppard5335]

@Michael Kalon sounds like your biggin up a scam to me , I'm out

[@Locogatos]

Back in 2014, my co-worker convinced me to put like 30% of my income into 401k. It was the best decision I ever made. Thanks Jake lol

[@charliebrown2103]

Smart co worker, I'm in my 30s just increased mine to 30 percent. Your way ahead of game.

[@Locogatos]

@@charliebrown2103 I sure hope so :) One thing I'm bit worried is that FED is printing money like a mad man. What if million dollar only get you an average car in 30-40 years? Like in nominal term, I may be a multi millionaire. But in real term, I may be just as poor as like I am today. You know what I mean?

[@chowsquid]

@@Locogatos now think about that scenario and you not having a million dollar for that car.😢

[@chowsquid]

@@Locogatos seriously, if that’s the case, you’ll want to be working ideally at that car company selling a car for a million dollars. Problem is you aren’t working then right? 😢 That’s why you should have invested this whole time….perhaps in the stock of this car company selling million dollar cars everyday.🎉🎉🎉

[@kevinbabicz]

Congrats CNBC on getting over 2 million subs!

[@ajaygupta-yq2vj]

I am Indian from New Delhi

[@ajaygupta-yq2vj]

Please my help me

[@ajaygupta-yq2vj]

Job crisis in India

[@ajaygupta-yq2vj]

Job prablam in India

[@ajaygupta-yq2vj]

Please my help me

[@NicholasBall130]

I'm recently retired and uncertain if my 401(k) and IRA will be enough for a stable future. I've set aside $1 million to help secure my financial goals and align with my risk tolerance. Should I consider investing in stocks or buying a rental property?

[@StacieBMui]

Research dividend aristocrats-companies with a proven track record of paying dividends for over 25 years. Select six to ten of these companies for your portfolio. It's also wise to consult with a financial advisor to help you set up a well-structured investment strategy.

[@TylerJamestown]

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.

[@StocksWolf752]

Could you possibly recommend a CFA you've consulted with?

[@TylerJamestown]

Her name is Rebecca Nassar Dunne can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@strdstryr]

3:04 The companies decided to not accept the risk and forced employees to accept it. Getting rid of the pension was NOT about competitiveness, NOT about being friendly to employees; it was ONLY about minimizing exposure for the company.

[@andrewbaker4652]

I actually consider that a good thing. If I rely on my employer for a pension, I have a lot of risk. The company could go under or people could live longer than they were expecting both of which could at the very least, cause reductions in the pension amount. With a 401k, if my company goes out of business, I can get a job at a different company which hopefully provides a match, but my money is safe from the actions of that company and as I control the investments, I can make sure that it is well diversified to help reduce risk from the markets and get far better returns than the pension plan could ever hope for, especially if I start young.

[@DavidEVogel]

The companies decided to not accept the risk What risk?

[@stainlesssteellemming3885]

> it was ONLY about minimizing [risk] exposure for the company And that is exactly what a company should be doing. It exists purely for the benefit of its shareholders - not society and not its employees. People keep forgetting this.

[@stainlesssteellemming3885]

@@DavidEVogel > What risk? Well, how about the risk that you need to go into Chapter 11 bankruptcy to get out from under pension obligations which are making it impossible to compete with foreign companies? Or the risks that you planned for in the 1960's (when most people died within 5 years of retiring) and are now leaving you underfunded because people are living for 20-30 years after retiring?

[@dantatadangote]

100% Reaganomics the begging of downfall of American middle class.

[@VerStarr]

ALWAYS contribute to the company match if available!

[@apu_staja]

Right. If you're not contributing enough to get the entire match, you're leaving money on the table.

[@garyscott3754]

To have a good retirement the big Question is have you invested in your future to as for me am into (bitcoin)

[@chinwendulizzy451]

Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

[@paulifeanyiezenwa5914]

Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works

[@jinhualee5887]

I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading

[@albertocristobal410]

Hello I'm new to forex and I have been making huge loses but recently I see a lot of people earning from it,please can someone please tell me what is going wrong

[@KeepinItRealAllDay]

I max my 401k every year.

[@Anonymous-ld7je]

That will pay off greatly when you're older.

[@Gnefitisis]

Basically, the reason why no one stays at companies and just jump around for promotions.

[@nicedurians]

Why not? If a company can afford me better

[@Stoneface_]

@@nicedurians exactly. Go where you're treated the best 👌

[@dailyrant4068]

No, the reason people jump around is because how companies are willing to pay you more if you're not a current employee. People literally do "boomerangs" where they go to a third party for a bit then re-apply and magically get that promotion or raise that they initially wanted.

[@Gnefitisis]

@@dailyrant4068 It's not as if the two concepts are not related

[@rudysalas9138]

Working with management, jumping around jobs is not considered good. They look at your work history and if they consistently see you have gone through multiple jobs, they expect you will do the same with them and disregard your application process.

[@barnstar2077]

We have the same thing in the UK, but it is still considered a type of pension. It is very tax efficient, but the date you are allowed to access it keeps going up, so if you want to retire earlier you need additional savings.

[@lukerider479]

What do you mean by tax efficient?

[@barnstar2077]

@@lukerider479 on a Defined Contribution pension you get tax relief, so you get 25% or more extra from the government on your contributions (there are some restrictions.). Also, some companies avoid paying National Insurance through something called "Salary Sacrifice." Effectively this means they pay into your pension before they pay you, this again has it's limits. All in all though, paying into a good pension in the UK is a smart move for your long term finances.

[@SpynCycle57]

I love the 401(k). I never stayed with a single employer long enough to ever collect a pension, if they even had a pension. With the 401(k) and IRAs I know exactly how much I have for retirement and how well I'm doing. I don't need to be concerned that the employer will one day go bust and take my pension away.

[@mathisnotforthefaintofheart]

A pension does not have to be "with the employer". I work in academia and my pension is a teacher's retirement program. Lifetime benefits. It's less in terms of montlly income compared to a 401K except I will not run out of money, neither my spouse. The 401K has never been created to serve the employees, let that be clear. I have a teacher's retirement, a Roth and an HSA. No 401K

[@YaYa-jy1yv]

But if the stock market crashes, especially if what you invested in tanks, sayonara retirement.

[@todoldtrafford]

@@YaYa-jy1yv the stock market crashes and rebounds throughout history. Also, look at California and NJ pension crisis and debt. Huge taxes, but lots of wealth inequality

[@FinancialShinanigan]

Having retirement and health insurance tied to employment was a bad idea

[@RealShaktimaan]

Mainly healthcare. It's not going to change any time soon.

[@spacetoast7783]

IRA is not tied to employment. Social security is tied to employment only to the extent that you work any job at all for enough years.

[@Anonymous-ld7je]

Health care tied to employment, yeah, I can agree that doesn't work great. Retirement tied to employment? Yes, it absolutely should be. You need to work and contribute if you want to retire. What the hell is there to retire from if you or your spouse doesn't work?

[@aolvaar8792]

Retirement healthcare is a great idea. It allows you to retire early.

[@Captainuva]

Hello, I don't know anything about investing and I'm looking to invest, any help? As well who can I reach out to?

[@JohnClinton-g2p]

Most people today have been having a lot of failures in forex and crypto because of poor orientation and bad experts.

[@JohnClinton-g2p]

It's wise to seek professional guidance when building a strong financial portfolio due to it's complexity.

[@willb516]

Who nowadays want to work for an employer for 30 years? Trading time for money is insane! Stop doing what society tells you to do. Investing in a 401k is not the only way to afford retirement.

[@catherineb.]

Invest in a Roth IRA as well as a taxable brokerage account

[@spacetoast7783]

What are your other suggestions for affording retirement then? There's IRA, which is basically a smaller version of a 401k. I guess you could say to massively cut your expensive.

[@TheBandit7613]

@@spacetoast7783 Don't listen to this guy. Thank god I still have a pension. Good luck retiring with a 401K.

[@wjb4578]

@@TheBandit7613 Uh OK? Retiring with a 401K is certainly possible my dude. You seem like the type that gets confused easily, so yeah, thank goodness for your pension and 30-year handcuffs.

[@AskMiko]

You can work wherever you want, contributing to your 401(k) for a specific amount of time is crucial along with other forms of savings.

[@shirleyanderson9764]

I will forever be indebted to you you’ve changed my whole life I’ll continue to preach about your name for the world to hear you’ve saved me from a huge financial debt with just little investment thanks so much Mrs. Elizabeth Graham

[@StephenHHall]

Mrs. Elizabeth Graham changed my life because of the huge profits I got from investing with her.

[@QuintoCLugo]

You invest with Mrs. Elizabeth Graham too? wow that woman has been a blessing to me and my family.

[@EliasDSmith]

I’m new at this, how can I reach your broker?

[@robertalexander3585]

I was skeptical at first until I decided to try. It’s huge returns is awesome! I can’t say much.

[@shirleyanderson9764]

You can communicate with her on telegam, with the username below.

[@isthisgood6784]

i have so much to learn online

[@horroRomantic444]

I managed to maxed out my 401k last year. It was very hard, but doable. Also, you have to do self directed investment. If you have no idea where to invest, just put it on an index fund. I am hoping that I can also max out IRA account.

[@genxx2724]

Good for you!

[@stockmoe7007]

Nice video!! Very engaging from beginning to end. Nevertheless, businesses and investment are the easiest way to make money..

[@Samuel-ew9ui]

When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance

[@mrnobody1149]

People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin .

[@evelynbaldwin7592]

@@mrnobody1149 Stocks are good crypto is better

[@frankgathers6970]

I wanted to trade crypto but got confused by the fluctuations in price

[@kevindavid1795]

@@frankgathers6970 That won't bother you if you trade with a professional like Mr Erik Finman

[@ayusharyal5877]

Living in a third world country and hearing private companies giving retirement benefits to employees is just extraordinary.

[@sega64official]

Yes, but you have to realize they try their hardest not to. I've worked for companies that claimed to offer it, then would work me 39 hours a week (not 40) to intentionally prevent me from enrolling in benefits. I eventually quit after a few years and moved on, but most companies function like this now and only offer 401k or retirement plans to management or people who have stayed with the company for 3+ years after working on no benefits or health insurance. I will never be able to retire.

[@fireeye33]

@@sega64official move to a different employer that treat you the way you want

[@sega64official]

@@fireeye33 not possible.

[@fireeye33]

@@sega64official why not? you deserve to work in a great company.

[@sega64official]

@@fireeye33 companies like that simply don't exist around here. The one I work for now also doesn't offer insurance, retirement, or anything and no one else will hire me because my hand is broken.

[@jacklyn-b1u]

It is advisable to save at least 15% of your income in a 401(k). Online calculators can help you estimate the appropriate savings amount based on your age and income. By saving at least 15% of your income in a 401(k), you can work towards a comfortable retirement. This strategy allows you to benefit from compound interest, potentially growing your retirement savings significantly over time.

[@franklyn-z1k]

If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

[@Carolj-p9j]

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

[@phill-s3s]

Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@Carolj-p9j]

Her name is Grace Adams Cook can't divulge much. Most likely, the internet should have her basic info, you can research if you like.

[@phill-s3s]

I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you

[@lincolnzoe677]

Going into a better investment now that will be profiting cuz i'm very close to my retirement but don't really know which is best to go into and also secured as well i need help about it

[@madisondaniel8718]

i will advice you take a good look into forex investment have been trading on it for months now and i can tell it has been very profiting to me with the help of a professional

[@haugenhumphrey687]

Trading with the help of Mr Carlton Jefferson I now earn $17000 using his strategy which has proven to be profitable

[@leocadiusbozena7813]

I know Carlton as well I’ve been trading with him for months now tho I trade offshore he has been the one handling my trading account and all I get is credit alert his the best I can talk about

[@lincolnzoe677]

I’ve seen lot of people speak good about this man and his good work I need to give this a try is there a way I can get I direct contact with him?

[@haugenhumphrey687]

Carltonjefferson76@gmail. com