Essential Tips to Maximize Your 401k (Don’t Leave Money on the Table)
Utilizing a 401k that’s offered by your employer is a great way to make financial progress. This type of account has created many millionaires who are able to retire comfortable. The problem is that many employees have no idea how investing works or what they should be investing in which results in financial decisions that cost them years of hard work. There are also some issues with these accounts that could make a big difference for you depending on multiple factors. Watch to find out the best tips on how to maximize your 401k and potentially earn hundred of thousands or even millions of dollars more than someone who doesn’t optimize their 401k….(read more)
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Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
Thanks for helping me reconsider the 10% I'm currently putting towards my 401k. It is stretching me thin with these rent prices so easing up and maybe lowering the contribution a tad would be better suited for me at this time. 🙂
How does being frugal and maxing your 401k make it risky that you might make an impulse purchase???
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Only 32 percent of Americans have a 401k plan. It is a failed experiment.
I dont like my RRSP but I love my TFSA
hey this video is awesome very helpful
My current account lost money last year but I figure it was company money so I didn’t sell. It’s back this year but the account has never made a dime in 2.5 years. As the matching is mine immediately, I participate. At a previous job the contribution required 6 years to vest so I lost the matching when I accepted another position. It magically disappeared from my account a month after I left the company. Because of the fees I also lost my entire first year of contributions. I have even seen employees lose their own contributions because they didn’t roll it into a new plan fast enough. After you leave a job your account must be moved or you will lose it.
Now, I review the retirement plan before I accept a job. If participation is mandatory or matches require vesting I do not accept the position. When I tell the hiring manager why they always look surprised. I’ve stopped explaining.
Hi my fiend great video please don’t forget to do a video of Geraldine Weiss I