Five 401k investing mistakes that can ruin your retirement. 401k investing is the most convenient and practical way most of us have to save for our retirement. But making these 401k investing mistakes can delay your retirement by years and leave you with hundreds of thousands of dollars less when you get there.
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401k investing is the best way to save for retirement. But making mistakes in your 401k can set your retirement investing back for years. In this video we discuss the top 401k investing mistakes and how to avoid them. I’ll show you why contributing up to your employers 401k match may not be enough and why contributing the maximum to your 401k is better. Why not rebalancing your 401k investments and frequent trading in your 401k are equally as dangerous. Why taking a 401k loan is dangerous, or why an early 401k withdraw is a bad idea. I explain why 401k investment fees should be kept to a minimum, and as a bonus, why not rolling over your 401k into an IRA when you change jobs can be a costly mistake. I hope you enjoy the video and please subscribe to the channel if you’ve read this far 🙂
DISCLAIMER: Jay Fairbrother, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Jay Fairbrother’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.
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This is such vital information! Great video.
Definitely won't be making these investing mistakes! Thanks so much for all that you do!
Good information about financial things about money we'll I'm here to support you stay connected see you around
Thank you for this info about FIVE 401k Investing Mistakes That Can RUIN Your Retirement
!
Great video and very informative regarding such mistakes that can easily be avoided!
Thanks for this Jay. This information reinforces some of the decisions I've made. My husband used to be a set it and forget it guy until we got together. Thanks for telling folks this is a bad strategy. His account changed drastically once he started paying attention to it, so listen to Jay people! He knows what he's talking about.
Thank you so much for talking about the five 401K investing mistakes that can ruin people's retirement! Super important to address this
Great tips Jay, definitely one of the worst is borrowing from your own 401k!
Nice man! Real easy to follow and sound advice. Stocks seem so complicated.
Great tips Jay! 401k is one the best investment vehicles out there
A lot of good tips. I am guilty of the set it forget it mistake. At least I know not to draw it down early. My 401K is ROTH style, so I could take some money out but it won't grow if I do that.Time in the market beats timing the market for sure. One mistake I NEVER make is forgetting to hit the like button! Glad to support, keep making the great content.
These are definitely really HUGE mistakes. The worst one is borrowing from your 401 account! Those taxes and fees will be a nightmare. Thanks for sharing, Jay.
Hey Jay, great video content. Everything you spoke about is 100% and everyone young and old should watch this video. Anyone looking for financial freedom, definitely watch Jay’s channel, you want regret it. Keep up the great work!!!!!
Loved how you broke this down! Super interesting and insightful! Thanks for sharing!
Love it Jay, and very sly slipping in a bonus 6th one too!! also some great tips for any retirement account, most of them still apply! Don't invest or contribute money you cant afford to do so!
Don't touch it should be the golden rule with investing, period. Great video, man!
Taking out funds early sounds like a horrible idea haha. Great video!
This is really good to know!
Thanks for sharing these mistakes man, videos are looking really good aswell!
I have always contributed to where my employer matches, but I agree I really do with that I've been maxing it out for longer. But I am glad that I started my 401k on my 21st birthday. I'm 34 now and man am I glad I started at such a young age!
Great tips! Under 1m that's shocking! it makes sense to max out
Not borrowing from my 401(k)? But Jay, I need to buy the latest iPhone and a Gucci belt!!!