🕵 Beginners guide to how a 401k works.

Today we're covering the 401k and Roth 401k to explain how it works for beginners. If you are just getting started retirement investing or have never been offered a 401k at work before we can help. We'll focus on how the investments work and explain the different types of plans.
We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money.
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Пікірлер: 575

  • @user-ql1hu3fr4f
    @user-ql1hu3fr4fАй бұрын

    I am regretting not investing in stocks ever since but still grateful i kept money in the money market. With about $200k maturing soon, i plan investing in the stock market. What stocks should I look into as a newbie to safely grow my money?

  • @Janise-pg8yr

    @Janise-pg8yr

    Ай бұрын

    Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

  • @Daniel-ss7ri

    @Daniel-ss7ri

    Ай бұрын

    I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

  • @TaniaLato-ky4wo

    @TaniaLato-ky4wo

    Ай бұрын

    Your advisor must be really good, how I can get in touch with them as my porfolio isnt doing well.

  • @Daniel-ss7ri

    @Daniel-ss7ri

    Ай бұрын

    Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

  • @TaniaLato-ky4wo

    @TaniaLato-ky4wo

    Ай бұрын

    Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.

  • @alexsteven.m6414
    @alexsteven.m641411 ай бұрын

    I actually believe the stock market is a better and easier way to grow money than the 401(k). But it's not really by picking individual stocks, because it is an effort in futility, particularly at an uncertain time such as this. I have lost more than $140k, but my portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore. Are there really no other options for me to gain from the stock market?

  • @bernisejedeon5888

    @bernisejedeon5888

    11 ай бұрын

    @davedelva True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $900k from an initially stagnant reserve of $250K all within 14months.

  • @yolanderiche7476

    @yolanderiche7476

    11 ай бұрын

    @@bernisejedeon5888 I have been thinking about how to grow my reserve by atleast 40% or more within months. I will be grateful if you can give tips or anything on how to make good market picks and how I can get my portfolio diversified and balanced in order to meet up my target

  • @bernisejedeon5888

    @bernisejedeon5888

    11 ай бұрын

    @@yolanderiche7476 You might have heard this before but it’s imperative that I mention it. Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That's why I have been working with “Julia Ann Finnicum” and that doesn't make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim bigger.

  • @glasshalffull2930

    @glasshalffull2930

    4 ай бұрын

    *** SCAM ALERT ***. Only a fool would choose a financial advisor based on an anonymous KZread tip ! 🤦‍♂️🤦‍♂️🤦‍♂️

  • @denizpaull

    @denizpaull

    4 ай бұрын

    I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $300,000. ' John Steven Barr' is among the most accomplished portfolio managers in the industry, widely acknowledged for his outstanding work. I highly recommend taking a closer look at his impressive portfolio.

  • @fernity2
    @fernity23 жыл бұрын

    I can’t believe they didn’t teach this in school

  • @ixWebb

    @ixWebb

    3 жыл бұрын

    For real, most people don’t sign up because they dont know how to use it.

  • @Wanderersea

    @Wanderersea

    3 жыл бұрын

    This should be part of Economic Class in high school.

  • @HaileyMarieGrande

    @HaileyMarieGrande

    3 жыл бұрын

    They have economics & personal finance in high school .. well mine did.

  • @hatanohifumi4645

    @hatanohifumi4645

    3 жыл бұрын

    They don't want students to know how to use money properly, so they can still get more students.

  • @frankmomma

    @frankmomma

    2 жыл бұрын

    I was required 1 semester of Econ in high school. It touched on this but that was a while ago. I don't remember it.

  • @Moonlambo2377
    @Moonlambo23772 жыл бұрын

    Thank you so much for this video.I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 270k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 2.7 million in out tex deferred savings.

  • @KevinCage.

    @KevinCage.

    2 жыл бұрын

    Happy to hear this, salute!

  • @Moonlambo2377

    @Moonlambo2377

    2 жыл бұрын

    Erin Mary Worden you can look her up on the web.

  • @alrocky

    @alrocky

    2 жыл бұрын

    @Tina Lafferty Do you have 401(k) at work with company match?

  • @michaelklein9291

    @michaelklein9291

    Жыл бұрын

    Ballers

  • @emmamendy7454

    @emmamendy7454

    Жыл бұрын

    Ha idk if u r real or not, your comments are everywhere with different names, aaaand following comments are also copy pasted

  • @metalslug97
    @metalslug973 жыл бұрын

    I'm convinced that all of this finance jargon, unnecessary extra steps, and weird math are used to scare away hard-working people from claiming what their companies actually owe them for all of their hard work..

  • @justinc2633

    @justinc2633

    3 жыл бұрын

    they add pointless incentives to make it seem more attractive than it is, the s&p500 and other publicly traded indexes have higher returns and offer dividends (essentially interest) that goes straight to your bank. if you start investing $35 a week into the s&p 500 when you're 20 youd have well over 1m when you retire at age 62, if you reinvest the "interest" itd be a lot closer to 1.5, possibly 2m. i think the reason people shy away from this is because it fluctuates a lot more than your traditional retirement fund, in some cases it has returned negative in a ~5 year span, but thats during a really but recession. Over the last 90 years the s&p has outperformed any 401k/IRA etc. dividends right now (because of the economic situation were in) is a mere 1.1%, but during stable economic periods its around 4%, and thats just the amount going into your bank, your capital grows by an average of 9.8% (over a 90 year average) and 13% (ten year average). im not saying to put your life savings into the s&p 500 but its sure as hell where im going to be putting a lot of my money, im only 19 so luckily im just getting started. essentially when you put money into your 401k you're paying a hedge fund to take it and invest it themself, they make a lot of profit and thats why they are able to offer relatively safe returns. by putting your hard earned money straight into a well established index, you're skipping the middle man but are a lot more susceptible to market volatility, which is why you should only consider this if your accepting the fact youre going to take more risk and you have a lot of time for it to grow. over the course of 20 years the s&p has always been positive since it was created nearly 100 years ago. Im sure youve heard people talk about the power of compound interest, but what a lot of people dont realize is the ridiculous affect a single percentage point makes. 10% YOY return with 10k capital over the course of 45 years is 883k, 10.1% is 923k, 11% is 1.38 million. The slightest difference REALLY shows over long periods of time, and thats why you should learn exactly where you want your money to go.

  • @katanamartina6682

    @katanamartina6682

    2 жыл бұрын

    @@justinc2633 Holy cow man, you're only 20 (no) but seem to really know your stuff. Do you have any videos on your thoughts and suggestions? I'm 23 and working with the State of California so I want to start saving my money soon. Thank you

  • @denizpaull

    @denizpaull

    4 ай бұрын

    I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $300,000. ' John Steven Barr' is among the most accomplished portfolio managers in the industry, widely acknowledged for his outstanding work. I highly recommend taking a closer look at his impressive portfolio.

  • @dividendincome9685
    @dividendincome96855 жыл бұрын

    I chose to mix two funds in my 401k. I have 70% in domestic and 30% in international. It’s been working really well for me.

  • @kathleenstoner.n7499

    @kathleenstoner.n7499

    Жыл бұрын

    That is great to hear though I think there is no limit to how much the portfolio diversification principle should be put into practice while investing, no matter how much you are making from a particular investment so that when another is down, the other will be up. You can do so by getting an experienced specialist whose platform has diverse investment choices to choose from. By doing this, you give little room for regrets and perhaps gain more.

  • @patriciacleveland2588

    @patriciacleveland2588

    Жыл бұрын

    @@kathleenstoner.n7499 Great tips. Generally, diversification is a key factor to investing. Don't put all your eggs in one basket. Pragmatically, I have been into all of these for some time, though I won't say I have made or lost a fortune. Do you mind recommending a specialist whose platform has diverse investing choices? Quite rare! I anticipate your response.

  • @kathleenstoner.n7499

    @kathleenstoner.n7499

    Жыл бұрын

    @@patriciacleveland2588 Funny enough, I can honestly relate. I don't know if I am permitted to drop this here, but do run a check on Sandra Yvonne Webster or Sandra .Y. Webster Finance. Was in the news alot in 2020.

  • @Thompson7888

    @Thompson7888

    Жыл бұрын

    @mackenzie fventes This is the second time I am coming across this Sandra Yvonne Webster. Last Tuesday, I saw a telecast on the economic bubble there were testimonials from her clientele on how they gain daily through her strategies. The testimonies were so impressive and sounded too good to be true. Though I made some research and found out she's one of the oldest by ranking, I am still skeptical. Do you work with her? Thanks.

  • @alfredalbert8037
    @alfredalbert8037 Жыл бұрын

    I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in our tex deferred savings.

  • @alfredalbert8037

    @alfredalbert8037

    Жыл бұрын

    Our Fin_ancial advisor is “ Doreen Louise Dehaan “. She is a professional fin_ancial/Invest_ment advisor. you can search her up on the internet where you can get necessary info about her and as well to connect with her.

  • @alfredalbert8037

    @alfredalbert8037

    Жыл бұрын

    @Thomas Freddy My financial advisor is *Doreen Louise Dehaan*

  • @alfredalbert8037

    @alfredalbert8037

    Жыл бұрын

    @Mark Tilbury I never imagined that these dividend stocks could pay me alot and obtain imaginable profits. A big thanks to my Fi_nancial advisor Doreen Louise Dehaan for being my eye opener.

  • @hamstey1603

    @hamstey1603

    Жыл бұрын

    Bro these bots 💀💀💀

  • @tysondeleon9287

    @tysondeleon9287

    Жыл бұрын

    I see this comment alot same wording 🤔🤔

  • @Jmadrid530
    @Jmadrid5303 жыл бұрын

    I'm 33 and signing up for a 401k for the first time, appreciate all the info. You did great!

  • @acm1pt102

    @acm1pt102

    3 жыл бұрын

    good luck!

  • @PrincePalmUwU

    @PrincePalmUwU

    3 жыл бұрын

    Invest, invest, invest! Dont relay on your 401k save as well!!!

  • @acm1pt102

    @acm1pt102

    3 жыл бұрын

    KingPalm69 yessirski

  • @mambak9

    @mambak9

    3 жыл бұрын

    Im 20 and im nervous :(

  • @itzben499

    @itzben499

    3 жыл бұрын

    I'm turning 21 in a couple of months and signing up for the first time. It's never too late!

  • @amalintaveras2313
    @amalintaveras23133 жыл бұрын

    Thank you for this!!🙏🏻 i am 22 and i got my first real job after college. Once they started talking about 401k plan and “ matching” i knew that i had to go home and do some research

  • @bapbap2562
    @bapbap25624 жыл бұрын

    Thank you for this video! I opened a 401k with my first job out of college, contributed to it for 4 years, left the company and completely forgot I had one.... Now I'm back at that same company and 8 years older and wiser LOL. Decided to put some effort into understanding it before I gave away a chunk of my paycheck. This video helped A LOT.

  • @Thompson7888

    @Thompson7888

    2 жыл бұрын

    As a complete beginner my question is what happens to the 401k once you leave that job permanently

  • @kathleenstoner.n7499

    @kathleenstoner.n7499

    2 жыл бұрын

    @@Thompson7888 Why i advise to trade outside your company. Don't let them know! That is what i did, and here is my strategy i don't hold a lot of Juniors just Majors i prefer to trade the juniors through a Pro only because being very much more profitable it is riskier too.

  • @bapbap2562

    @bapbap2562

    2 жыл бұрын

    @@Thompson7888 at my current place of employment, the money that they match with the employee stays in the account just as long as that employee remains continuously employed there for a minimum of 3 years. If you leave before 3 years, any money that the company put in to the 401k gets taken out. If you leave after 3 years, all the money they put in to it stays. Any money the employee puts in stays as well, regardless of whether or not you've worked there for 3 years. The money sits in the 401k and gains interest at whatever interest gain rate (idk the technical term) was specified. You can transfer that 401k to any new employer that offers 401k, because to my understanding, you can only have one 401k. You can also contribute to the 401k on your own, without it being connected to any company benefits program. Hopefully all of that makes sense!

  • @dreadlocsamurai4241

    @dreadlocsamurai4241

    4 ай бұрын

    @@bapbap2562a little

  • @brucesmith6868
    @brucesmith68685 жыл бұрын

    I always recommend Dustin and jazz Wealth to people when they start to ask financial questions. When I see those people again they always say thank you and that they have learned so much.

  • @bartoszdobroslaw9774
    @bartoszdobroslaw97742 жыл бұрын

    Great stocks and I just bought in on them, but I'm interested in making short term profit, let say turn a $150K to $500k in 6months, I'd appreciate tips on how what stocks to buy to make this much profit.

  • @bartoszdobroslaw9774

    @bartoszdobroslaw9774

    2 жыл бұрын

    @maria sandra That sounds great and how do i connect with her ?

  • @bartoszdobroslaw9774

    @bartoszdobroslaw9774

    2 жыл бұрын

    @maria sandra Okay i just found her website and left a message for her. thanks.

  • @chrisb8870

    @chrisb8870

    2 жыл бұрын

    SpammmmmmmBOTS are hereeeeeew

  • @wheatonrunner69
    @wheatonrunner695 жыл бұрын

    Great stuff again Dustin! You're now my go-to content creator for friends that are getting into saving, finance, and retirement. Your beginners guides are very helpful for the majority of them.

  • @cymbamcreynolds8838
    @cymbamcreynolds88382 жыл бұрын

    Thank you so much for this! When I first looked into getting a 401k at my job this year, the percentages and menu was so overwhelming that I ended up not signing up cause I didn't want to make a mistake. Now, I know what do this time.

  • @bishalnayak6162
    @bishalnayak61622 жыл бұрын

    Why sound we invest in 401K and wait until retirement. Can’t we invest directly in S&P 500 and withdraw money any time we want.

  • @kathleenstoner.n7499

    @kathleenstoner.n7499

    2 жыл бұрын

    So ridiculous. I think FX-Trading is just the best yet you make a very good passive income weekly.

  • @kathleenstoner.n7499

    @kathleenstoner.n7499

    2 жыл бұрын

    Not a Pro. LoL. I work with "Sandra Yvonne Webster" in all honesty she is an Angel. Do your own research!

  • @dr.karidouglas1312

    @dr.karidouglas1312

    2 жыл бұрын

    Sandra was here in Utah for a seminar. She spoke about Nft bubble Great speaker, full of humor and rhetorics too. Lol!

  • @chrisb8870

    @chrisb8870

    2 жыл бұрын

    SpammmmBoootttsssssssss

  • @jacobmast9437
    @jacobmast94373 жыл бұрын

    I love the beginning of the video where he says literally what a 401k is and is for

  • @TuPhonez4Free
    @TuPhonez4Free3 жыл бұрын

    I just qualified last month for 401K plan. Glad Im doing research now and checking to this stuff. Good video.

  • @cade8986
    @cade89863 жыл бұрын

    The company I work for matches 6%. I love it

  • @lj3507

    @lj3507

    3 жыл бұрын

    Mine matches 7%.

  • @crunch7500

    @crunch7500

    2 жыл бұрын

    mine 8%

  • @MrMACHETE305

    @MrMACHETE305

    2 жыл бұрын

    Mine 10%

  • @Greggsberdard
    @Greggsberdard7 ай бұрын

    It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

  • @crystalcassandra5597

    @crystalcassandra5597

    7 ай бұрын

    Consider investing in stocks especially during a recession . While recessions can be tough, they can also offer good chances to buy low and sell high in the markets if you're cautious. Remember, this is not financial advice, but it's a good time to think about buying stocks since having cash on hand isn't always the best option.

  • @lalomalo8052
    @lalomalo80524 жыл бұрын

    Thank you! I know the matching part but no one ever explains how a retirement account is related to the stock market. I also never knew that the company match is always paid pre-tax, VERY valuable information.

  • @ShaneHummus
    @ShaneHummus5 жыл бұрын

    Another value content Dustin.

  • @aprilascencio5686
    @aprilascencio56864 жыл бұрын

    This was super helpful, thank you for posting!

  • @abenaboateng650
    @abenaboateng6503 жыл бұрын

    Super helpful video for beginners who don't really know where to start when thinking about financial matters, thanks!

  • @madelinecoleman1967
    @madelinecoleman19672 жыл бұрын

    I've been meaning to set up my 401k for 6 months almost, but found it daunting. I'm not finished with school and working my first full time job, and I don't know ANY of these terms. This video took my 6 month daunting process and had me feeling comfortable with setting up my 401k in about 6 minutes. It also took the hassle of trying to define almost every word on the site and understanding 30 different investments, let alone the terms and how they work. Thanks- good video.

  • @alrocky

    @alrocky

    2 жыл бұрын

    If your job offers company 401(k) match remember to contribute enough income to receive that match. If earning less than $40k you're in 12% Federal Tax Bracket so likely favor contributing to *Roth* 401(k) over traditional 401(k).

  • @Unlucky210
    @Unlucky2103 жыл бұрын

    This video taught me more than school did.

  • @yezbozz
    @yezbozz2 жыл бұрын

    Thank you!!! This is exactly the guide i was needing

  • @Kaicenatclips208
    @Kaicenatclips2083 жыл бұрын

    Thanks finally someone takes it back to basics.

  • @JenniferBellfilms
    @JenniferBellfilms2 жыл бұрын

    I’m 23 and signing up for my first 401k today. I work at a real estate brokerage in their marketing department as of Monday, and they offer a 6% match. I’m meeting with HR today to help me set it up. Thanks for the insight!

  • @kimmungkim
    @kimmungkim4 жыл бұрын

    Thank you so much! you've earn yourself a new subscriber

  • @nathaleclarke
    @nathaleclarke3 жыл бұрын

    Also this is so true I’m trying to set up mine now and they have a Roth option THANK YOU ♥️

  • @PersianImm0rtal
    @PersianImm0rtal4 жыл бұрын

    Ive been trying to understand what to do with my 401k for years and this is one of the very few videos i found that seemed helpful! thank you

  • @shawnthegreat4281
    @shawnthegreat42812 жыл бұрын

    Thank you I needed this 30 years ago

  • @478Johnnyboy
    @478Johnnyboy3 жыл бұрын

    So helpful currently I’m 26 so I was wondering if I needed the 2060 blackrock fund but this video explained it clearly.

  • @robertsmith3385
    @robertsmith33855 жыл бұрын

    Thank you amazing job on this one

  • @parvinhafiz1837
    @parvinhafiz18373 жыл бұрын

    Thnx a lot...It really gave me the information I needed since I m a beginner.....

  • @elizabethmoore6913

    @elizabethmoore6913

    3 жыл бұрын

    A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrad)e he will guide you properly.....

  • @nanashiwolf
    @nanashiwolf10 ай бұрын

    Fantastic! This is perfect for people who have learning issues and need a little help but dont know how or what to ask.

  • @doublettekenny
    @doublettekenny2 ай бұрын

    Videos was extremely helpful - thank you for taking the time to share the knowledge on this! Much appreciated and have a great rest of the day !

  • @gas_on_my_hands8283
    @gas_on_my_hands82832 жыл бұрын

    man thanks for the help with the financial language - thats the thing that usually prevents me from dealing with finances. just signed up for my 401k!

  • @REDRAGON12345
    @REDRAGON123454 жыл бұрын

    Thanks for this!

  • @isaacgomez7675
    @isaacgomez76753 жыл бұрын

    Thank you this helps a ton!!!

  • @darshnapatel4333
    @darshnapatel43334 жыл бұрын

    This was so helpful!!! Liked & subscribed

  • @BlackDesertSnake
    @BlackDesertSnake4 жыл бұрын

    I ENJOYED THIS

  • @forwardmovement_rising
    @forwardmovement_rising3 жыл бұрын

    Thank you for this platform and important information.

  • @El_Gualla
    @El_Gualla3 жыл бұрын

    Best explanation on KZread!

  • @donnal.williams3924
    @donnal.williams39242 жыл бұрын

    Thank you for doing this...my grandkids and I needed this info.

  • @Danni_VA
    @Danni_VA3 жыл бұрын

    THANK GOD I found this. Thank you for this information I literally didn't / don't know what to do. All I see is money in my account and idk what's going on, so thank you. Still don't know what's fully going on but this is a great start.

  • @GOSUmartialarts
    @GOSUmartialarts2 жыл бұрын

    Thanks for the lesson. I'm learning!

  • @lucasarendt7652
    @lucasarendt76523 жыл бұрын

    Very helpful, thank you!

  • @angelicalubrano5443
    @angelicalubrano54433 жыл бұрын

    Quite good and general. Thank you!

  • @billnolan5375
    @billnolan53752 жыл бұрын

    Retirement is wonderful if you have two essentials - much to live on and much to live for. It’s one reason I don’t involve in short term investments and why I’m still holding my stocks and tokens despite the crash. A good plan, risk and debt management helps actualize financial longevity.

  • @stalinengoma7680
    @stalinengoma7680 Жыл бұрын

    Thank you 🙏 for all the details in this video. I learned a lot

  • @stephsea
    @stephsea3 жыл бұрын

    Appreciate the info!!

  • @cindyho8212
    @cindyho82123 жыл бұрын

    Super appreciated!

  • @TheMigratingCar
    @TheMigratingCar3 жыл бұрын

    This video was super helpful!

  • @billstephens3350
    @billstephens33502 жыл бұрын

    Thanks so much great examples simple is best for most people keep doing that

  • @jacobgreer1512
    @jacobgreer15123 жыл бұрын

    I’m starting at a young age and I’m already saving quite a lot I’m matching 6 percent in the beginning my paychecks aren’t big but it’s worth it in the end when I’m trying to get a home 😭

  • @TheB0a
    @TheB0a Жыл бұрын

    Best thing I ever heard was "It doesn't matter how much is in your savings account, what matters is how much is in your 401K." Best advice i ever heard, I put 20% into my 401K when working overtime. Watching the gains 💰

  • @sergiogarcia4367
    @sergiogarcia43672 жыл бұрын

    Great video thanks for the class

  • @nathaleclarke
    @nathaleclarke3 жыл бұрын

    This board is so cool haha I’m sitting here like this is so nice and clean I’m looking for the chalk in your hand I don’t see a THING haha thank you for your help on this video

  • @alvaro93364
    @alvaro933642 жыл бұрын

    Thanks for the info. Very helpful

  • @serenewhopperman2924
    @serenewhopperman29242 жыл бұрын

    Retired with a 7 figure portfolio and Receiving about $43k in dividends. I have been in the Stock market about 20 years. Am I worried? Am I selling? Absolutely not. I have purchased growth stocks too a little at a time over the past few weeks. I am going to sit back and observe how this all plays out, adding more at a time. my investment strategy with my FA actually calms me down. Eye on the prize, stay the course!

  • @chrisanthony3560

    @chrisanthony3560

    2 жыл бұрын

    hello! a total noob here, your FA if you don't mind can you link me ?

  • @serenewhopperman2924

    @serenewhopperman2924

    2 жыл бұрын

    sure! she goes by Rita Wildrin Mora, you can search her up to connect with her

  • @jerryscotfield6913

    @jerryscotfield6913

    2 жыл бұрын

    Growing affluence is such a lovely thing to see

  • @alexle5026
    @alexle50263 жыл бұрын

    Right on and thank you.

  • @olgaharrell3176
    @olgaharrell317610 ай бұрын

    Love your humor. Thanks for the explanation

  • @ajcarmaYT
    @ajcarmaYT Жыл бұрын

    Thank you learned a lot❤️

  • @anime90s
    @anime90s3 жыл бұрын

    Great help thank you

  • @xanacollinsworth6821
    @xanacollinsworth6821 Жыл бұрын

    AS I beginner that has no idea what anything is. I feel like this explained some good stuff. thank you

  • @jennypham7129
    @jennypham71292 жыл бұрын

    Thank you. You’re awesome!

  • @lauratanner6493
    @lauratanner64932 жыл бұрын

    19, started full time insurance work, much needed

  • @francisrivera1840
    @francisrivera18403 жыл бұрын

    Thank you. I’m a beginners so this video answered my question..

  • @gabbytriestomakethings
    @gabbytriestomakethings Жыл бұрын

    Thank for the video! My company just started a 401k plan with a match so super excited to be saving extra income with that.

  • @EricA-ts2qe
    @EricA-ts2qe5 жыл бұрын

    Absolutely well broken down video am 30yrs and just started to care more abt my future n fiances, you guys have helped me understand with your videos...

  • @jostgo1080

    @jostgo1080

    4 жыл бұрын

    Same here at 30 now I care about the future

  • @tonythalocc5325

    @tonythalocc5325

    4 жыл бұрын

    Idiots

  • @chuckp1506

    @chuckp1506

    4 жыл бұрын

    @@tonythalocc5325 hey man, its better than not learning at all. Just started at 24 and i feel late to the party as well. Some people arent taught the real value of money. More to it than i thought. That might be foolish but at least im choosing to get educated now.

  • @tonythalocc5325

    @tonythalocc5325

    4 жыл бұрын

    @@chuckp1506 I'm just trolling I'm 23 too new to this have no clue what's going on

  • @Casey73955
    @Casey739553 жыл бұрын

    Thank you thank you thank you!!! This is not taught in most schools!!

  • @fadetoblack3648
    @fadetoblack36482 жыл бұрын

    Thanks! great info

  • @adrianaadrian6759
    @adrianaadrian67593 жыл бұрын

    Thank you so much for this video! I just turned 21, about 2 months ago and the company I've been working for about 2 years mailed me paper work for a 401k and Roth. I'm on the online portal and have no idea what I'm doing! This video was very helpful! Definitely subscribing to be educated more!

  • @strongtowerman9661

    @strongtowerman9661

    Жыл бұрын

    How are u doing with the investment?

  • @LowkeyBreCollects
    @LowkeyBreCollects4 жыл бұрын

    I’m 25 and I’m trying to figure this out it’s hard to turn to help being so vulnerable and not knowing 😭🤦🏽‍♀️

  • @miixedmusiic

    @miixedmusiic

    4 жыл бұрын

    Exactly how I feel and I'm 24 hahaha

  • @LowkeyBreCollects

    @LowkeyBreCollects

    4 жыл бұрын

    Nikki Ramirez Man at least we’re trying to make something shake! 😂💯

  • @alrocky

    @alrocky

    4 жыл бұрын

    @@LowkeyBreCollects Did you have a particular question?

  • @LowkeyBreCollects

    @LowkeyBreCollects

    4 жыл бұрын

    Al Rocky Any good books that I can look up on Apple book store and listen to while I’m at work? Should I get a financial adviser or look into getting a mutual fund? and what loop holes should I look out for when looking for financial advisers or a mutual fund?

  • @dxrksideofthemoon

    @dxrksideofthemoon

    4 жыл бұрын

    With pre tax and post tax. I heard one of them you have to pay back the IRS at the end of the year, which is that one. Pre tax or post tax ?

  • @davidlamont7551
    @davidlamont75513 жыл бұрын

    I still don't get how it works. So they basically take my money and then release it when I reach my retirement age. What about inflation? For example, the value of $1000 in 1970s = $6000 in 2020s

  • @murphydriego154

    @murphydriego154

    3 жыл бұрын

    33 years old and I have more income then most people I know 82% is from investing

  • @amarachelly1477

    @amarachelly1477

    3 жыл бұрын

    Due to the COVID i was unfortunately laid off work along with some of my colleagues, believe me when say it did not rock me as it did my other colleagues because I have always invested in passive income over the years, I got my stock with the help of a professional.

  • @evelyntray3524

    @evelyntray3524

    3 жыл бұрын

    @@amarachelly1477 Even through COVID 19 pandemic the smart ones see it as an opportunity to make a lot of money in the market.

  • @michealhull9475

    @michealhull9475

    3 жыл бұрын

    @@evelyntray3524 I wanna try again this time, I will like good advice from experienced persons. I don't wanna loose money in this. Thanks.

  • @michealhull9475

    @michealhull9475

    3 жыл бұрын

    @@evelyntray3524 thanks so much for sharing

  • @patriciablackmon6764
    @patriciablackmon67642 жыл бұрын

    God bless you for your dedication on this video..

  • @bumioluwatimilehin8116
    @bumioluwatimilehin81164 жыл бұрын

    This is very helpful. Thank you!

  • @davidjr881able
    @davidjr881able2 жыл бұрын

    I'm a beginner I have to watch this video 3 × 2 understand Thank you jazz

  • @FlyingArmbar317
    @FlyingArmbar3173 жыл бұрын

    My company matches 9% and I wish I maxed out long ago. I don’t make much but this helps. Thank you.

  • @MatthewBuntyn
    @MatthewBuntyn5 жыл бұрын

    It would be difficult for me to not invest in a fund with "super duper" in the name

  • @elizabethmoore6913

    @elizabethmoore6913

    3 жыл бұрын

    A lot of people are not financially stable this period and it's not easy, I always advise people, don't just waste your stimulus checks or salary, invest it in something that will yield more, even if it is a part of it. We can't keep relying on a paycheck that is already half-spent before we even receive it, there are investment opportunities that have helped a lot of people especially in the financial market. Having different streams of income is essential in this pandemic, especially now most of us have to earn and work from home. I've made impressive progress so far this year and it has helped me sort out a lot of bills and I do that through a registered investment company. You can get in touch with the manager via Instagram (@nicholas__fxtrad)e he will guide you properly.....

  • @crazyleaf257

    @crazyleaf257

    2 жыл бұрын

    Hahahah

  • @camokazi1313
    @camokazi1313 Жыл бұрын

    That was a great explanation.

  • @jordanburton276
    @jordanburton2763 жыл бұрын

    Loving this

  • @DeanneM1726
    @DeanneM1726 Жыл бұрын

    I understood it. Thank you

  • @Isa22Cruz
    @Isa22Cruz3 жыл бұрын

    This was helpful thanks!

  • @Jazzwealth

    @Jazzwealth

    3 жыл бұрын

    Glad to hear!

  • @trentwilliamson
    @trentwilliamson3 жыл бұрын

    Bro you just saved me 10 jours of research. You rule.

  • @tylerisham4769
    @tylerisham47693 жыл бұрын

    Amazing help.

  • @danielaurazan5988
    @danielaurazan59883 жыл бұрын

    thank you! as a super newbie to all of this, it was very clear and helpful!

  • @IntegrityMatters77
    @IntegrityMatters77 Жыл бұрын

    This is a great video!

  • @V-r708
    @V-r7082 жыл бұрын

    Love the info

  • @yulia7191
    @yulia7191 Жыл бұрын

    Thank you very much!

  • @WilliamTurner-od5ij
    @WilliamTurner-od5ijАй бұрын

    The increasing tax rate is the reason I rolled over my 401k to a ROTH. I wouldn't want to be paying taxes on current income on withdrawals made from my retirement account. I have been maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.

  • @katelyndesantis4146
    @katelyndesantis41463 жыл бұрын

    My next question as a complete beginner is what happens to the 401k once you leave that job? How do you handle it?

  • @MJCoachthecoach

    @MJCoachthecoach

    2 жыл бұрын

    I’m not the host but typically the company will ask you to transfer it and they cannot take it from you!

  • @purplegirl8036

    @purplegirl8036

    2 жыл бұрын

    You have to track them down and go through a bunch of red tape to get it out.

  • @skwira000

    @skwira000

    2 жыл бұрын

    I suggest doing an asset transfer to an IRA with the same provider. Don't cash it out. You want to see the growth from the beginning to the end. Or if they will keep your money invested in the 401K, then you could even leave it. But asset transfer to an IRA with the same provider as your 401k means that money then can't be messed with unless you do something.

  • @mariacruza756
    @mariacruza7563 жыл бұрын

    Thank you! I had NO clue about how 401k works.

  • @Jazzwealth

    @Jazzwealth

    3 жыл бұрын

    You're welcome!

  • @gabrielfreeman3196

    @gabrielfreeman3196

    3 жыл бұрын

    You can meet a famous investment advisor for detailed information about 401k. meet him online using the link below to his official telegram

  • @gabrielfreeman3196

    @gabrielfreeman3196

    3 жыл бұрын

    @delmarhall

  • @keyswanervin7341
    @keyswanervin73418 ай бұрын

    This video was very helpful

  • @carolynthompson1895
    @carolynthompson18952 жыл бұрын

    Very helpful!

  • @crazyleaf257
    @crazyleaf2572 жыл бұрын

    Great content!

  • @ashutoshjha9101
    @ashutoshjha91014 ай бұрын

    Love the background more than the video itself!

  • @jaminjamin7245
    @jaminjamin72452 жыл бұрын

    I understand thanks man

  • @toniagottschall2122
    @toniagottschall21223 жыл бұрын

    I found this quite helpful, I"m 46 years old and only had a superficial understanding of 401k plans. Nobody in HR explains 401k's because I don't think they know! I just got a new job and I'm going to have to tell people what everything is in their HR packet... Maybe I'll just show them your videos!

  • @gabrielfreeman3196

    @gabrielfreeman3196

    3 жыл бұрын

    You can easily search for famous investment advisors like Delmar Nicholas Hall, he would tell you all you needed to know and how to start earning more profits.

  • @gabrielfreeman3196

    @gabrielfreeman3196

    3 жыл бұрын

    You can meet him on his official telegram account @delmarhall