🤝Get a FREE custom Real Estate Game Plan from Kris’ Team
🤝 Got Money or Retirement Savings? Partner with Kris on Deals:
💰 Get Kris’ FREE REAL ESTATE BOOK on Back-Yard Investing ‘Strait Path’💰
Invest In the Things I Invest In. Join My Investor’s Club!
Enter THE FUTURE of Real Estate Investing with Proferty
🤝 Want to learn about Franchises?
Digital Real Estate Training
Learn How to Make Millions Wholesaling Real Estate
Free Health Plan with Kris
10x Your Business | Business Consultation from Kris
Get Kris’ NEW BOOK “HAVE IT ALL”
Get Kris’ New Book: Kris Consortium – How to Earn 25% ROI on Every Deal
If you can make it in sales, the funds can be used in unexpected ways. Come join my Six Figure Team –
🎤 Attend one of Kris’ life-changing events
Get Access to a Super Simple Side Hustle:
Partner on No-Money Deals as one of Kris’ Mavericks
Find the BEST DEALS:
Access Kris’ Real Estate Hotline to get hands-on live coaching
Learn Kris’ Lease Option System–FREE Game Plan Consultation
Reach Every Goal–Get Kris’ FREE Limitless Book
Best Way to Save Protect Your Money for More Real Estate Deals
Get Our FREE FINANCIAL CALCULATOR to find out When You’ll Retire
Secure $50K – $250K in business credit for your next deal!
See Everything Kris is up to:
PS: Save Kris’ phone and text him anytime you have questions: +1 (385) 217-3477
📹 BE ON A KRIS KROHN YOUTUBE EPISODE
================
Record your questions on video, and join me in a future episode:
📞 QUESTIONS ABOUT PRODUCTS, CONTACT SUPPORT
support@limitlessmentor.com
📲 CONNECT WITH KRIS:
=================
Podcast
Instagram
Facebook
Twitter
LinkedIn
Youtube Channel
TikTok
Blog
Audible
Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
See full disclosures here:
NO INVESTMENT, FINANCIAL, LEGAL OR TAX ADVICE
The contents of this video are for informational and educational purposes only. They should not be considered investment, financial, legal or tax advice. Kris Krohn is not licensed in the insurance or securities industries and is not in the business of selling, soliciting or negotiating the sale of any insurance contract, security or other investment vehicle.
DISCLOSURE OF FINANCIAL RELATIONSHIP
Mr. Krohn has a financial interest in EPIC Insurance Services, LLC (EPIC), a licensed insurance brokerage agency incorporated in New Jersey, and is compensated by EPIC. See full disclosures here:
#KrisKrohn
#RealEstateInvesting
#MoneyMindset
============================================================
✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅
============================================================…(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
401K’s are often touted as a great way to save for retirement, but in reality, they may not be as helpful as they seem. In fact, I believe that 401K’s are a scam that benefits the wealthy while leaving the average worker struggling to save for their golden years.
One of the main reasons I believe 401K’s are a scam is because they primarily benefit those who are already wealthy. The tax breaks and employer contributions that come with 401K’s are much more beneficial to high-income earners than they are to low and middle-income workers. This means that those who need the most help saving for retirement are actually getting the least benefit from these accounts.
Additionally, 401K’s are often not as secure as they are made out to be. The money you contribute to your 401K is typically invested in the stock market, which can be risky and unpredictable. If there is a market crash or economic downturn, your retirement savings could be wiped out in an instant. This puts a lot of uncertainty and stress on workers who are counting on their 401K’s to fund their retirement.
Furthermore, many 401K plans come with high fees and hidden costs that eat away at your savings over time. These fees can take a significant chunk out of your retirement funds, leaving you with much less money than you were initially promised. These fees are often not disclosed upfront, making it difficult for workers to fully understand the true cost of investing in a 401K.
Overall, I believe that 401K’s are a scam that perpetuates inequality and takes advantage of hardworking individuals who are simply trying to save for their retirement. Instead of relying on these accounts, I believe that workers should look for alternative ways to save for retirement, such as investing in a Roth IRA or real estate. By being more informed about their options and taking control of their finances, individuals can avoid falling victim to the 401K scam and secure a more stable future for themselves.
I'm getting taxed on ira required withdrawals…taxed on social security…taxed on small pension…
I get $11 an hour into my pension, that’s without me putting anything in. Our pension returns usually 9-15% a year. We’ve had a couple years of a loss but it’s rare. Join a Union. Get a pension, live better!
Agreed retirement products have a very pathetic return
Yeah… that's why Dave Ramsey recommends putting 15% of your income into investments. Like 401k and roth ira. (Then once you maxed out the tax benefits going to stocks or realistate).
To have only 250k at age 65. You have to contribute only the company match on the 401k AND leave that with the company (instead of moving it to a rollover account) if you're no longer with that company and that company has your money they have no reason to invest it wisely, so they won't.
Also you don't really make money on non-school/knowlege investments if you have less than $100k. But once you do it grows faster and faster.
That's another reason why Dave Ramsey reccomends 15% is so that you hit that $100k mark asap to get your investments working doe you.
This guy has no idea what he's talking about, 401k and roth ira doesn't have an inherent return, they're just tax deferred accounts. That's like saying a taxable brokerage account has only a certain return
You should be in jail
6% return? Depends on what the investment is
I’ve been saving already for 30 years and have well north of the number he’s talking about. It’s a tool. if you don’t invest enough, what else do you thinks going to happen? He says six percent like that’s a bad thing. Six percent is better than .25 percent in a checking or savings account. How much he think they’d have if they just put it into a bank?
He’s math doesn’t seem right, but we are talking about the average.
Idk but he’s talking about the average, average people take out of their 401k, shocking, average people invest into very low risk areas, shocking, average people start thinking about their future too late.