How to MAXIMIZE your Fidelity 401k | Take Charge of Your Retirement Investments

[@KodiSwandaOfficial]

Hearing you say most employers will offer a match of 3% makes me really grateful that my employer matches 6%

[@FrankBatistaElJibaro]

Mine's also 6% but the nuance is that it is 6% of 82%. Important to note that your 6% might not be of 100% so it would be informative to check whether yours is for 100% or something less. Either way, free money is good news.

[@zachhenson7844]

Same mine offers 7%

[@karenblack7117]

Mine only matches 2%!

[@737Parkie]

I’m very lucky…..17%.

[@darkminatozaki]

Mine 0

[@northvillecorby]

This would be a great video for high school kids - The level of explanation is perfect for them and they need to know how to invest when they get out of high school.

[@internetgirl3982]

Hi, your videos are very clear and concise in explaining 401k and investing - Thank-you! I have a question on your comment of "you don't have to pay taxes on 401k profits if you swap funds and re-balance less than 4 times a year" (approx 11:30m). I actively change my investment funds throughout the year and per my Fidelity advisor, do not have to track year-end unrealized gains for taxes (taxes only paid during distribution). Please provide additional information regarding in what instances you would ever have to pay 401k unrealized gains. Otherwise great videos!

[@perryjones8997]

Agree with the true-up comments. Great stuff but ambiguous. I maxed my 401k out in 4 mos last year. Need to call Fidelity to find out how much money i prob. lost. thanks!!

[@teams3345]

Been there and I did it for 35 years.

[@kat-ip6vq]

Could you please explain more about True-ups? and how do we roll over our 401K after changing workplace? Thanks moneybee!!

[@carlitossucessgamer]

First I like to say thank you for this amazing video please Make another video like this one Step-by-step how to rollover 401k

[@laxinitup26590]

Thanks for demystifying this topic. My employer has a 403b. Is this similar to a 401k?

[@FinancialSelfReliance]

Yes, it has many similar features, most of the generic information she gave about 401(k)s are applicable to 403(b)s. Just check in with your employer about the specifics of your plan as each plan can be different even among 401(k)s.

[@nidamaluri]

Very good presentation.

[@livingunashamed4869]

Don't forget about the rule of 55, many folks can start withdrawing at 55 instead of 59.5 :).

[@moneybee]

Great point! Thanks for sharing 😊

[@D3LTRON92]

My fidelity 401k only has vanguard index funds but I’m worried about transaction fees and they don’t say if they do or don’t. I saw your screenshot had a vanguard index fund, do you have transaction fees?

[@michaelstewart3314]

Fantastic explanation moneybee! Every company I’ve worked for has used fidelity so this is perfect!

[@tenestetubo]

Thank you, for making so easy to understand

[@LawrenceWischmeyer]

at 72 should your 401k account be 0.00 72 and after what is the required minimum distribution?

[@CADreemz]

Yes, please make one about rolling over a 401k. My X did this i think & i m having a hard yome finding it! We have been divorced 8 yes

[@debtfreeF]

great explanation on 401k! too bad i dont qualify for my employer's 401k program until 1 year of employment, but i can't wait until i do qualify!

[@cliffdariff74]

Retiring in one year, with 401k with Fidelity. Looking for INCOME fund tbru Fidelity. Not sure which fund of the 30 funds they offer?

[@teamrandom143]

I have a 401(a) with my employer, does it work the same as a 401(k)?

[@Fergusonbeefs]

Mine matches 50% how good is that ?

[@moussaipresidangue3203]

very informative , well done!

[@FinancialSelfReliance]

Great video... there are so many that have no idea about these features and benefits in their 401(k)... The other thing is that there are a lot of different features and benefits that may or may not be in the persons 401(k). I also highly recommend people check in on their 401(k)s regularly. You have some great editing... do you do your own or have someone do it?

[@josephwest2282]

How to do a Roth 401k as a 1099 and self employed

[@sdiaz2k]

Hi, I have a question back in 2012 I had a stroke and lost lots of events of my life (I got them back most of them) but i forgot where I had my 401k so , How do I find out where was investing to may be role it over with my actual 401K. Thank you for all your help. Sergio Diaz

[@DillyDogSays]

How reliable are the financial engines on Fidelity web site for 401k??

[@SmallTownBigDreamsKindofGirl]

can you elaborate or make a video on the topic of rebalancing swapping bonds to avoid tax gains?

[@phillyboylaboy]

Nice video. Just subscribed. If i reached the max contribution amount per year by say october, does that mean i lost the employee match for nov and december?

[@dstaff4134]

While I'm not an investment professional, I do a considerable amount of research to keep my investing and savings in check. I also had this concern previously. Based on several videos on YT and several web searches, the short answer to your question is yes. I also proved this to my self one year and won't make the same mistake again. Now the long answer: Hopefully you track your finances/investments with a budget. I simply use an Excel worksheet to track all income, expenses and investments. With the FED putting limits on 401k's I broke that down by 12 to determine my monthly contributions. I rounded my contribution down one percentage point to allow for extra cash from holidays and bonuses. Then if you are slightly short at the end of the year you only have to increase a percentage point or two in the final month or two to adjust for the difference.

[@Mr._Rick]

If your plan allows after tax contributions. You can switch to after tax and still get matching funds. There is a limit for pre tax / Roth and a much larger limit for total contributions, you and your employer.

[@NateIcke]

In Aussie Super our total concessions contributions are $27500 peryear, including employer contributions. I pretax $500 per fortnight. We only have Super. We have to invest into other things over here

[@NateIcke]

Iike your content money 🐝 thankyou

[@ham3ed]

One question, can you take out principal from Roth 401k, the way you can do it with Roth IRA (without penalty obviously)?

[@JasonBuckman]

I have a Fidelity 401(k) and 403(b).

[@Goldenlion1991]

when does that True up deposit? Does it depend what type of field you are in, for example I work in tech sales, so in theory I could have a few commission checks early in the year and max it out fast.

[@countdown2xstacy]

Great video

[@nehemiahgee5710]

My employer just change the percentage from 3% to 4% I hope it goes up in the next few years

[@Defender0fDead]

After the company match, you might as well invest yourself. If you do the research it's not hard to beat the "market".

[@coreyburke3493]

Almost nobody beats the market. They may show you a year or so where they did, but almost nobody including fund managers beats the market over 10-20 years. 99% of people would be better off just picking index funds

[@vanho07088]

Tôi ủng hộ kênh của chị video rất hay rất hấp dẫn luôn 🌹

[@MR.MichaelMayo]

He’ll I wish my employer matched mines lol . Granted I get why they don’t lol . I get a pension from my union lol. Oh well I’ll take my 401 & Roth & Pension

[@tylerbrown4374]

What they don't tell you is if you want to add more, you can create multiple 401K accounts

[@theodoreanderson7911]

But the annual contribution limit applies per individual, not per account. So, regardless of how many 401k accounts you have, the contribution limit is the same for each person. You cannot exceed the annual contribution limit across all your 401k accounts. So, what would be the point of having multiple 401k accounts if you can’t contribute beyond the annual limit set by the IRS? Are you thinking of one account being self managed and the other a target retirement account? Or, are you thinking of diversifying the risk? Have a higher risk account and lower risk account?

[@tylerbrown4374]

@@theodoreanderson7911 My apologies for just seeing this. Not sure why my notifications didn’t pick it up. Even though the ROTH is 7k limits you’re not limited to the amount of ROTHS you can have. The goal is to grow as much in your 401K tax free as possible. If your debt free (Like I am) you can attribute more to you’re portfolio. Yes you have a limit (which I think is stupid) to invest your money into. I personally have multiple Roth investments accounts. If one limits out I have a spare. Hope this helps you understand better of the point I was trying to make

[@inubbzz7]

That's not true. The limit applies to the individual, not the account.

[@josephmaddox6502]

Do you still invest

[@One12ondeck]

Yes

[@OtakuKota]

I use to do 401k, but don't do it anymore. It's only good if you live that long, I do not plan to live that long. There are other factors as well.

[@Zealand007]

I really like you Bee

[@zachhenson7844]

Mine offers 7% so i put in 7%

[@rogelioagrazsanchez6652]

At 77 I prob won't care about that money anymore .

[@christopher9727]

John 3:16-21 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil. 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.

[@coreyburke3493]

That's a lot of fairytale stories

[@casderyo]

Great info, but it's pronounced F-ii-delity. Like "it". F-"i"-del"it"y. Fidelity.

[@badass77bowtie]

Fuh del ity

[@123hhww]

you are stunning

[@xuezhongyu5853]

You are so beautiful.

[@nail928]

So I’ve been taking a loan on my 401k and of course pay it back do I pay taxes on that? Thank in advance

[@coreyburke3493]

No taxes you just lose the possible growth of the borrowed funds

[@FlakoRayR]

Too much talk and less action. You didn’t tell exactly where to put the money on a fidelity account.

[@Conservative_Pulse]

That wasn’t the point of the video

[@MondesirCarljoseph]

Exactly

[@Jumpnpunch]

No value in this video

[@bidensdeadbrain.5913]

Would you sell me some more counterfeit shares of #MMTLP ? #FINRAFRAUD Stop holding our shares hostage.