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Once upon a time, the key to a healthy retirement balance was to contribute to a 401k, hold tight through market crashes, bubbles, wars, and all of the ups and downs of the market. But my friends, this is no longer the way to build wealth. In this video, you’re going to learn why the 401k is OFFICIALLY dead.

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Especially in a post-pandemic world, the game has changed. The 401k is officially dead as a wealth building vehicle. Even the Wall Street Journal is running headlines like: “Your 401k is Falling Behind” and “Your Set It and Forget It 401k Made You Rich. No More.” The 401k is no longer a feasible way to grow your net worth, fund your retirement, or build wealth..

In fact, the long-trusted 60/40 strategy had its worst performance in decades. And the average 401k balance is just over $100,000. So if you’ve been working to build a nest egg in the traditional way, you’ve got to start educating yourself about other strategies. It’s time for Americans to unlearn these outdated ideals about retirement. Traditional investing does not lead to financial freedom.

The only thing to do in this scenario is to take charge of your retirement and build wealth on your own terms. A well-established portfolio MUST contain a wider diversification of assets, particularly inflation protected assets. So if you haven’t yet entertained the idea of buying real estate through a self-directed IRA, there’s never been a better time.

A self-directed IRA puts you in the driver’s seat of your retirement. You get to call the shots, choose your investments, and make decisions—not some random brokerage firm employee who may not have your best interests in mind.

The cash flow that’s produced from your rental properties is deposited directly into your self-directed IRA. This means money is funneled into your retirement account each month, untouched by the ups and downs of the economy. Protection from inflation is important in this economy, and that’s exactly what the self-directed IRA delivers.

If you’re interested in learning more about how a self-directed IRA can help you reach your financial goals, our team of experts can get you started on the right foot. We can answer your questions, help you get your account set up in as little as ten minutes, and walk you through the process of buying rental real estate in your account. All you have to do is schedule a free 30-minute call at morrisinvest.com.

No matter how you choose to build wealth or set up your retirement plan, the most important thing is that you’re well-educated about what’s happening. If you’re interested in learning more about self-directed IRAs and how they work, be sure to check out this playlist.

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to use their services. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals….(read more)

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Holy SH*T! The 401k Is OFFICIALLY Dead

The 401k retirement plan has long been touted as a reliable way to save for retirement, but recent events have thrown its future into question. With the rise of economic uncertainty, market volatility, and the looming threat of a retirement crisis, many experts are declaring the 401k as officially dead.

The 401k was first introduced in 1978 as a way for employees to save for retirement through pre-tax contributions to a retirement account. Employers often matched a portion of these contributions, making it an attractive option for many workers. However, decades of stagnant wage growth, rising living costs, and a lack of accessible financial education have led to a situation where the 401k may no longer be a viable option for retirement savings.

One of the main criticisms of the 401k is its reliance on the stock market. Over the years, the market has experienced extreme volatility, with periods of tremendous growth followed by sharp declines. This has left many retirees facing the very real possibility of running out of money in their later years.

Additionally, the 401k has proven to be an inadequate vehicle for retirement savings for many Americans. A study by the Economic Policy Institute found that the median retirement savings for families between the ages of 32 and 61 was only $5,000. This is far from enough to sustain someone through their retirement years.

Furthermore, the 401k has been the subject of numerous scandals and lawsuits, with many workers accusing their employers of mismanaging their retirement funds. This lack of oversight has led to a general mistrust of the 401k system, further compromising its viability as a retirement savings option.

So, what can workers do in the face of the demise of the 401k? Many experts are advocating for alternative retirement savings options, such as individual retirement accounts (IRAs), health savings accounts (HSAs), and employer-sponsored pension plans. These options provide more flexibility and stability, and are not subject to the whims of the stock market.

In addition, financial education and planning are crucial for those looking to secure their retirement. Understanding the different retirement savings options, creating a budget, and seeking professional advice can help individuals take control of their financial futures.

It is clear that the 401k is facing significant challenges, and workers must arm themselves with knowledge and alternative options to ensure financial security in retirement. The death of the 401k may be inevitable, but with careful planning and a proactive approach, workers can still build a secure retirement for themselves.