401(k) Nightmares: What They Don’t Tell You

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"The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh
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Video host: Jaspreet Singh
Chapters:
0:00 Intro
0:52 401(k) Point 1
3:50 401(k) Point 2
6:23 401(k) Point 3
9:30 401(k) Point 4
11:21 401(k) Point 5
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on RU-vid so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

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8 авг 2024

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Комментарии : 585

@MinorityMindset 27 дней назад

Join Market Briefs for FREE and get my daily financial newsletter: briefs.co/market/jaspreet WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through RU-vid comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

@SamuelClemente7718 27 дней назад

401 is scam

@cybrainx72 27 дней назад

@@SamuelClemente7718 401k is a Sam

@mc365mc 20 дней назад

Vlad is an idiot

@user-gu1md3we3c 27 дней назад

So committed with XAI20H and a bit of XRP, too much potential

@fawnriverpuppyservices76 19 дней назад

A Financial Planner told me Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. How can take advantage of compound interest and potentially grow your retirement savings overtime?

@BINDERANDREAULRIKE 19 дней назад

In times like this it is better to seek help from a professional as such key decisions are better guided by experts with market experience.

@JamesPieters 19 дней назад

That is exactly the reason I stopped trusting the financial advice of RU-vidrs; in the long run, I only end up with a jumbled collection of stocks and bonds. Whereas all I needed to earn over $350k in less than two years was guidance from a true market expert.

@SabrinaaDolph-y4y 19 дней назад

Thanks for replying, That's a very impressive return, You must have a good idea of stocks. How did you go about it?

@JamesPieters 18 дней назад

Melissa Jean Talingdan is the licensed advisor I use. Just search the name. You’d find necessary details on the web to set up an appointment.

@SabrinaaDolph-y4y 18 дней назад

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@LeviFord-n7v 26 дней назад

If you want to be successful, you must take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life

@ErikKovac-l7e 26 дней назад

True words spoken. Take responsibility for your own life basically. I vibe with that.

@LorenzoBelmonte-q8w 26 дней назад

The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional like I did. If you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your funds.

@jowell-jomarsus 26 дней назад

Can you introduce me to Benjamin, l'd love to learn more about his service.

@jowell-jomarsus 26 дней назад

Thanks a lot for the recommendation.

@Beckylynns-e3m 26 дней назад

I have heard so much about him and have been trying to get in touch with him. thanks for the info. His popularly known here Australia

@teams3345 17 дней назад

I have had my 401K 38 years. Best financial vehicle ever. .002% fee from Fidelity.

@rambaan2615 10 дней назад

That was very low ROI buddy.

@teams3345 10 дней назад

@@rambaan2615 My 401K was sitting in the S&P 500. Terrific ROI buddy.

@Carlos-Saldana 6 дней назад

@@rambaan2615how would you know his ROI when he didn’t mention that?

@evilchaperone 27 дней назад

Don't leave matching on the table.

@user-bm6wu9zw9m 27 дней назад

I just contribute enough to get the match. I invest in the stock market.

@fauxbro1983 27 дней назад

Yeah u just contribute for match and get into the s&p500 index since the fees are extremely lol. And I have a personal account to invest

@jacobcarlson4010 26 дней назад

I mean, assuming the employer pays enough to live off what you’d get after the 401k contribution. Not every job does; and I used to work for one that technically offered a 401k with contribution matching… but my pay checks were only between $15 and $35/ month above my bare-minimum expenses WITHOUT the 401k they offered. As my mom put it, “it’s starvation wages!”

@evilchaperone 26 дней назад

@@jacobcarlson4010 it's not. You still have to invest your after taxt dollars into a Roth Ira. If your wife is on the same program. You can be retired in 20 years.

@austintehguy 23 дня назад

Yup. There is really no "one size fits all" solution to personal finance. You can't say that 100% of the time Roth or Traditional 401ks are the right decision, or that real estate or IRAs are better. As a rule of thumb I do think the employer match is a no-brainer, but contributions beyond that I'd likely put into an IRA as that is more portable and often has a wider variety of investment options - plus the contribution limit is relatively easy to hit once you're making a decent income. For myself, I would reconsider the 401k after maxing out the IRA - but only up to a certain percentage of my income. I may never make enough money to max out both my IRA and 401k - so pursuing those beyond 15-25% of my gross income doesn't make sense. Can't forget to build a life while building a portfolio.

@summerjoy247 27 дней назад

I worked in a retirement plan call center after college and the most common call was from people wanting to take a loan or withdraw from their 401k! So I dare say that if the average person only invests in a 401k despite the fees and limited investment options, they are doing better than most people who keep trying to take the money out of it.

@SamuelClemente7718 27 дней назад

I disagree.

@northharriscollege 27 дней назад

100% correct. Most people are not saving nothing at all or very little. And very having a debate about taxes lol.

@audreyandrea460 27 дней назад

@@SamuelClemente7718 Will you please elaborate? (I’m still trying to form an opinion)

@AmericanWears 27 дней назад

I think a lot of people are withdrawing nowadays to simply afford a home they can call their own. When a 20 percent downpayment takes 100k and people are overbidding on houses left and right, the 401k that’s the place they look so they can compete. It’s sad but aye you need a roof over your head.

@markmiller3256 27 дней назад

I borrow $25k every two years and use that $25k of tax free money to make $25k taxable money within two years. Withdrawal is stupid, but investors love to borrow.

@CaseyBurnsInvesting 27 дней назад

If you work in New York, California, or a high tax state the Traditional is worth considering. You can leave your state when you retire (or at least change your permanent address).

@N1na2024 27 дней назад

Thank you for your opinion. As we all know, everyone's financial situation is different.

@SamuelClemente7718 27 дней назад

Change your permanent residential!🤔🤔😉😉🤫🤫🤫🤫🤫

@toranaga1969 27 дней назад

Changing your address will help with state tax, a few states tax retirement withdrawals. California, Oregon, Virginia and North Carolina a few that do.

@audreyandrea460 27 дней назад

@@toranaga1969 Isn’t it illegal change your address to a place where you don’t reside, to avoid taxes? I thought it was.

@toulor3403 27 дней назад

@audreyandrea460 it is. If the state finds out it's tax evasion. They can levie penalties and you can even go to jail.

@youarehere1251 27 дней назад

Roth or traditional doesn't really matter, as long as you max out your contribution and invest aggressively, you will end up with substantial balance when retire. At the end of the day, all we are looking for is a comfortable retirement after paying tax.

@FASTDTpodcast 19 дней назад

It does matter, but I get what you are saying. Going in, it doesn't matter. It is a positive that you are putting funds away. The difference is when you pull money out.

@robertfoote3255 27 дней назад

Do a Roth conversion later in life when your earnings are less. Using a Roth in your higher earning years means you paid higher taxes up front. Having both is a savvy investing option. Everyone needs to give Jespreet a thumbs up to push the signal. 😉

@cybrainx72 27 дней назад

I don't think this random guy on youtube has thought about Roth conversions. too advanced.

@MsMaxinejoy 27 дней назад

@@cybrainx72He has to feed many little by little. Too much to the public is overwhelming.

@MsMaxinejoy 27 дней назад

This is exactly what I'm doing now‼️Beginning of January 2024, I've converted my 401K rollerover (rollerover IRA) to ROTH IRA. YES, I will have to pay taxes next April (2025) I'm willing to bite the bullet now since I want more control of money. I won't have to worry about minimum distribution since taxes will be paid.

@zaq55 26 дней назад

That's my strategy.

@damondiehl5637 26 дней назад

If you do a Roth conversion later in life, you have given up the benefit of the Roth account: the tax-free compounding. The whole point is to put it in a Roth account and let it double over and over and then not pay tax when you withdraw.

@chadbailey7038 27 дней назад

It’s amazing how many people have these retirement accounts and have NO IDEA what they are or how they work. The most basic plans. It’s a shame really!

@cybrainx72 27 дней назад

These random guy on internet does not seem to have an idea too. So caution there.

@spencerboerboom4043 27 дней назад

It's only shameful if they don't research or call whatever institution they have to learn about it. Companies don't always give people information about their 401k and how it works

@tinad8561 24 дня назад

The 401k “education” you get from your company is generally a cheer-session to sell the employee on the account, not a complete pros and cons list.

@papasquat355 18 дней назад

You are correct. They are 100% tax advantage plans. If you ignore the tax aspect, then you are MUCH better having it all in a standard brokerage.

@5kylord 26 дней назад

The current Roth 401K provider at my place of employment is quite limited on investment options, which is why I only contribute up to what the company matches. I have an independent ROTH IRA outside of work which affords many more investment options that I max out every year.

@joeyparra3937 25 дней назад

Great video Jaspreet! Very informative, and also thank you....All of your content has motivated me to be wise with my money!

@Jimsac8 24 дня назад

I have both the Roth and Pre-taxed 401(k). Thanks for the video.

@germanarellanocampos5119 22 дня назад

Great video. I always try to avoid fees, whenever I can and this is very useful 😊

@hughofIreland 19 дней назад

Great video. The 12(b)1 fee is the reason I’ve switched jobs on an average of every 30 months. I roll the 401(k) to an IRA. The only downside is getting pestered by financial advisors who work for the brokerage house; it’s a small price to pay.

@shahvatsal2391986 17 дней назад

Most people fail to mention that when you retire means stops working, you will be lower tax bracket than current even if Tax rate increases- deduction increases too. Also most states has very high amount of deductions for retirement income as well. So 401k is better for most people.. Also the tax you save in 401k earlier in life , use that money for other investments such as rent home etc will substantially generate more money..

@Tipsy652 23 дня назад

Great advice. One thing a person needs to check is if the company is actually putting funds in the 401k. Had a company go bankrupt on my 401k. Found out they hadn’t put the money from my check to the investment firm for months. So the statements were actually a credit to the company and the money wasn’t there.

@thugsy15 24 дня назад

Most people don’t care about the expense ratio because the fees are already factored in. They see what they see and a gain is a gain and they’re happy with it, not realizing that they could’ve gotten more.

@mccoyji 27 дней назад

Also, in Roth 401k, if the balance goes down, you don't get your taxes back. Something to think about with conversions.

@robshell5367 27 дней назад

You don't lose anything unless you sell, just like all the other options. You get what you get if you are ignorant enough to sell while things are down, regardless of choice. Balances go up and down, that is what they do.

@tarikviaer-mcclymont5762 27 дней назад

@@robshell5367Sad thing, most employers don't offer Roth401ks

@Huhwhat9237 27 дней назад

Lmao duh

@coreyburke3493 26 дней назад

@@robshell5367well when you retire if you're living off your 401k you can't exactly not sell because the market goes down 🤷🏻

@Andrew-it7fb 20 дней назад

@@robshell5367yep. That's why having more income producing assets is good in retirement. That way you're less likely to need to sell in a down market.

@AA-kf6km 26 дней назад

I came from MindValley because education never ends so I came to support you here too and learn more

@grammens123 17 дней назад

Thank you for the content.

@marcohghar 11 дней назад

Absolutely great basic explanation for understanding 401(K)s!

@juystafanreview2532 24 дня назад

Do your employer match for the 401k and maximize your roth. Keep them in an index fund like vanguard. If you do that, your doing alright. The rest of your money is living expenses/ play money provided you are on track to hit savings goals.

@rebeltheharem7028 26 дней назад

It all depends on your plan administrator honestly. If you just want to set and forget a certain percentage (usually at least the company match), and it has index funds, then its a pretty good idea.

@shaunrosenberg4568 27 дней назад

My 401k options suck. The fees are insane. I had to create a self directed IRA connected to my 401k account to get some low fee ETFs.

@tb1951 24 дня назад

The 401k doesn't suck. Your employer sucks at selecting options.

@shaunrosenberg4568 24 дня назад

@@tb1951 Thought about bringing it up. But I can transfer my stuff to a self directed plan. It cost $100/year to maintain. But it's better than paying a 1.5% fee. I'm paying 0.03% with VTI instead.

@DatGuyJD 22 дня назад

I literally just did this because they try to persuade you to buy those high end fee Bonds too lol😂. Once I learned about the self directed I put it in SPY500 with 0.01 in fees.

@Andrew-it7fb 20 дней назад

@@tb1951Yes, that's why they said their options suck not that all suck.

@breckfreeride 12 дней назад

Look for index funds... They're usually cheaper

@LisaSimplified 27 дней назад

This is so important to be educated about and fully understand. I went the Roth route.

@SamuelClemente7718 27 дней назад

You own or rent?

@fortgrove3166 22 дня назад

I have a Roth 401k and the employer match goes into traditional and I do roth conversions on some of it each year.

@SnoringVids 20 дней назад

Do you max out your Roth with the conversion?

@sneak916 27 дней назад

On top of the Roth 401k, I think it’s important to also contribute to a taxable brokerage to focus on your early retirement fund and not have to wait until you’re in the 60’s

@joycewright5386 15 дней назад

When I was younger and finally came to realize that everything thing in my 401k would be taxed at the full rate ( not capital gains rate), and that taxes only go up (never down), I started putting most in my Roth and regular brokerage account. I am very happy to have a small 401k. Also I had no company match.

@dainwilliamson2451 27 дней назад

Thanks Jaspreet. Self education is KING🎉🎉🎉🎉

@handlemonium 27 дней назад

Thanks for the great content at 4:30AM, sir.

@rolandosouffrain7957 27 дней назад

Lol. The video is pre recorded. So u know how long it takes to edit a video 📹? Many hours.

@fongluu 27 дней назад

this might be true if you still working at higher tax bracket but when you're retired, you dont have job to be tax that high so I still think 401k is the best vehicle for your investment with its matching. I would say the suck thing about 401k is that someone else manage and take some fee. I rather rollover once retired and manage this my own.

@MsMaxinejoy 27 дней назад

That's the KEY. ROLLOVER and CONVERSION.

@petek2832 20 дней назад

Thankfully, my employer plan offers a Roth option, which they match with just like a normal 401. So I have been putting my money into that for most of my career.

@jagmeetsmann 25 дней назад

Today pagg is on point.

@zaq55 26 дней назад

It’s not just the expense ratio, which is the cost of each mutual fund / ETF in your 401k, there is also a financial advisory fee, whether you ever see an advisor or not. These two need to be added together to get the true cost in fees you are paying.

@fredflintstone2234 8 дней назад

THIS! If I could move this comment to top I would.

@TravelingTheWorld1993 21 день назад

I am contributing 100% to a Roth 401K. Because my current effective tax rate is 19% , that is for the state and federal combined. I also do In plan Roth rollovers in small amounts. which allows me to convert traditional money into roth withing the same plan. I am very aware of the fees that is associated with my account and always keep a close eye on it. Great video! Can you please do a video about Secure Act 2.0 and focus on the Roth 401K , like no more RMDs and company match now being able to go to Roth. Thanks

@MurderMostFowl 11 дней назад

My philosophy has always been to contribute to your 401k as much as it takes to get the full benefit of your company match if you’re employer does that, Then maximize your Roth IRA, then if you have any money left over do some Roth 401(k) after tax contributions as much as you can afford. When you leave your job, roll over your Roth 401k into your Roth IRA. Leave your regular 401(k) money where it is or move it to the next company and rinse and repeat. Nothing wrong with doing additional 401(k) contributions but if you don’t have these things done with your money first, then you are missing out on some great tax advantages for the future. Also, if your company allows for annual bonus money to be contributed to your 401(k), then there is likely to be the corporate matching policy applying to that as well… free money baby.

@sandwich_in_wonderland 27 дней назад

I'll say this a million times... If your employer does not match your 401k contributions, then there is no point! You're better off opening your own investment account.

@rolandosouffrain7957 27 дней назад

Negative. I am maxing out my Roth 401k. At retirement all my money will be tax free. That is a big advantage even if my company doesn't match

@lakersmaster 27 дней назад

If your current tax bracket is high, still a good idea to do 401k

@bloodCount8895 27 дней назад

@rolandosouffrain7957 The company matching money will always be considered pretax when you start to withdraw. Then your own Roth 401k money is tax-free on withdraws. But the company money in your Roth 401k will always be considered pretax.

@OffgridApartment 27 дней назад

Mathematically this doesn’t make sense especially the higher your tax bracket is. If I’m saving 30% on $20k that’s $6k a year saved. If you don’t spend that and invest it instead in a brokerage then your annual investments would be 30% higher than they would have been otherwise.

@martinkuo1380 26 дней назад

If you are in low tax bracket you could do regular 401k

@jimrobinson4786 27 дней назад

I base my future retirement on a three legged stool: 401k/IRA, Social security and personal investments. The shortness or length of stool legs will combine for the hole.

@richardbarton8038 17 дней назад

This should be taught in high school.

@HookemFishing 13 дней назад

I think you're speaking for the majority of us. At least the ones reading your comment.

@trinab.9633 22 дня назад

Theres a difference between working at Walmart as a senior greeter cause you want to or cause you have too, save early and now and you won't have too. P.s. stop with the hardship withdraws and loan's, leave your retirement account alone, its not your checking or savings account, stop it.

@CarlosDiaz-je1bg 27 дней назад

Roth 401k is best for the peace of mind, no guessing about the future. Also max fees should be 0.1% or less otherwise pass on that option.

@michaeldennis38 22 дня назад

*Amazing content, You are still the best! It's been a year since I found ways to improve my finances and by working with a recognized professional, I was able to achieve financial independence, I have to say this; "As long as you have determination and work hard, you can achieve anything you set your mind to.❤"*

@michaeldennis38 22 дня назад

Thank 🙌 you so very much for your excellent crypto report, I'm excited i can eat ice cream every day, Even though I don't hold memes coins, I make $35k weekly trade profits

@nanyiezekiel6238 22 дня назад

Sounds great. Do you think it's a good time to consider selling some crypto, or is better to hold onto them for the long term? I'm considering Rebalancing my $600k portfolio, so I'm curious about the best strategies for potential market downturn

@tiagofred4020 22 дня назад

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

@collinsavan1366 22 дня назад

Ma'am Alice understands the market movements and knows exactly when to call/putt, the risk rate and loss rate were completely less. I have never met her in person, but if I work with her for a month, you will see that she is a genius and an entrepreneur. I have never met a better mentor and philanthropist.

@ThompsonRichard-bt5js 22 дня назад

It's a delicate season now, so you can do little or nothing on your own. Hence I will suggest you get yourself a professional that can provide you with entry and exit points on the securities. you focus on.

@rhondahopkins4366 27 дней назад

You pay taxes and if you pull it before you 59 you pay a penalty

@cbeer9824 27 дней назад

My employer offers traditional 401k and Roth 401k with a 5% match.

@CriptoInversiones-rv5dx 18 дней назад

Regarding finances and investments, I know very little. I am good with money at spending it judiciously and saving. I woulike to say that I hope you are a beautiful soul inwardly as you are a beautiful man outwardly Many blessings to you and yours

@DGYtown 27 дней назад

Did you ever get a newer car? I recall you talking about it in another video. If so what did you get

@lbchef 19 дней назад

I think the biggest thing to consider is that this money can potentially run out. No one knows how long they will live. The best investment is to pay all of your debts off, especially your mortgage BEFORE you retire.

@jonathanwallace6667 18 дней назад

Not if you put ur 401k money into a CD IRA and simple draw the interest.

@Joenzinator 17 дней назад

The money won’t run out if the returns are greater than your withdrawal rate. If you have $5-$10 million in your 401(k) you shouldn’t run out.

@jonathanwallace6667 17 дней назад

@@Joenzinator even 0ne million especially if you have other sources of income.

@blastum 10 дней назад

I believe that every 401K has to have at least one low-cost fund in it, which will typically be an index fund. My company has an index fund with a an expense ratio of 0.01%, which is really good, with another random fund I picked at 0.44%, or 44x as much.

@qcspt 17 дней назад

Roth conversion ladder could be a part of one's retirement strategy too. It's not dire - just do your research.

@Bob-yh7ir 25 дней назад

So wise to have multiple investments. Some tax sheltered pre tax, some ROTH IRA , trad IRA, and then brokerage funds , perhaps some with dividends and others just value funds that will grow over time. With just the barest of planning, you can have great income in retirement without paying any federal taxes. Or pay a little in tax, it's not the end of the world. Most people are going to be in the lowest brackets they have been in since they started working once they retire, so not a big deal unless you are going to be pulling 100K+ in retirement.

@pirate9154 21 день назад

I prefer sheltering in a 401k and taking full advantage of Matching. I have a Roth too....but look at that as more end of life money where you can combine with SS and be totally tax free. However, a downside to the Roth is that it is a "promise". by the "Government" that you won't be taxed in the future. Promises can be broken. With a 401k, the advantage of tax deferment is taking in Real Time and you recognize the benefit immediately in your AGI.

@jagsterr1 24 дня назад

You can opt out of money managers and target funds, and do a Self-direct trading account in your 401K. I asked for that set up at both firms.

@gilsoto4142 24 дня назад

Do you have to pay custodian fees for the self directed account?

@JD-ir2sb 27 дней назад

I manage my own..in a converted IRA…NO FEES doing that.

@MrHammer2088 22 дня назад

As defined pension plans becoming obsolete, Congress needs to fix 401k investment limitations issues.. the investment vehicles are so limited its really suppressing your growth- ETFs is not a bad place to start - they're the closest thing to a mutual fund while giving you better upside

@isettech 19 дней назад

I have a Roth, a Traditional, and invest in stocks. So far, the stocks have had the best growth.

@wrestlerecap1324 16 дней назад

My 401k was looking nice...then 2020 hit and I think I'm just now back up to where I was before 2020

@chwondearth4531 26 дней назад

I'm comfortable and not trying to die with lots of money left on the table for ppl that didn't sweat for it or deserve it... that just me !

@tamarraj 22 дня назад

There’s way more ways to limit your taxable income in retirement so you pay lower taxes when you pull money out of a traditional 401/IRA. If you’re not in real estate you’re missing out on huge tax advantages. But the decision to do Roth/Trad is personal and there’s no one right answer and no one knows the future of taxes just like no one knows what the market will do. But we all assume it’ll grow and be worth more later.

@Checkflow777 27 дней назад

🔥 loving the content

@josepepuriostegui8471 14 дней назад

If you’re a real hustler, there’s no such thing as a 401k

@martinkuo1380 26 дней назад

You still have to pay taxes unless you live in a state with no sales tax.

@keller1334 27 дней назад

I only use my 401k because of my employer matching. I don't believe it is the best retirement vehicle. But free money is free money. I look at my 401k like social security. And my Roth and other investments as my real retirement money. Also planning on living in a lower cost of living area is going to help me retire early.

@LowOutput 27 дней назад

I’m considering that. “Matching out” is one term I’ve heard used to describe that. Then whatever I have left that was contributing over the match I could invest personally or in some sort of individual retirement account that owns rentals or small businesses or loans or something.

@alexgramm5170 27 дней назад

Yes... I totally relate to that. My 401k is like a glorified savings account with matching employer $$. Have other investments. Dividend income... preferred stocks etc. I just read about it and make decisions in a small way. Also direct stock purchase and maintaining positions which takes daily work but it's real and teaches me more. Won't retire in Massachusetts!!

@coreyburke3493 26 дней назад

I don't know how common it is. But my company offers brokeragelink via Fidelity. I can't take all of it but I can invest 95% of the funds in basically anything on the stock market.

@justwait9822 26 дней назад

Generally its advised to take your match, then max your IRA then contribute what you can in 401k until its maxed. A regular brokerage account isnt tax advantaged and if you take gains before a full year on stocks, youll pay income tax on it instead of the lower capital gains tax. So this money is taxed twice (its after tax and then taxed on sale). You likely arent beating the rate of return by enough to make up the tax difference unless your 401k only has really terrible options. Imo the real advantage of regular brokerage is its more liquid and you can trade options.

@anp-m2j 24 дня назад

This is not for vast majority of low to median income population. Invest 401k, take tax benefit and put that tax benefit into ROTH IRA. Even if you don’t get a match! It’s good discipline to put aside money before you even get to see it. If you really need money, you can get a loan of 50% 401k value.

@tannerross-barco8238 24 дня назад

You cant 100% avoid tax but with proper planning you can pay significantly less.

@jeffaragon 27 дней назад

Open a roth ira and a individual brokerage account and live off dividends 🎉

@stephenj5980 27 дней назад

I have a Roth 401k, but my companies match is traditional.

@bobbobbington3615 27 дней назад

My company is willing to match in both, so I'm lucky.

@brianadams6204 16 дней назад

@@bobbobbington3615 The match you get from your company goes into a traditional 401k they are not allowed to put it in a roth.

@skryptec 23 дня назад

Jaspreet, what will stop the government from double taxing Roth IRAs in the future? Heck they will probably double tax trad iras too.

@JJ-jn7ei 26 дней назад

I see benefits of both. But definitely consider rolling your 401k into a Roth as you move into your 50s. This is what a FA told me as I plan for generational wealth. I won’t really need my 401k, so it’s best my future children inherited a Roth with no RMD vice iRA which must be cashed out in 10 yrs

@unclet9822 27 дней назад

Can You Provide a U-tube video of Government Bonds and any other secure investments ❓❓❓❓

@jasondiaz8431 27 дней назад

This is why I took my money and paid off my mortgage twice. No debt is better than needed money to pay debt.

@imagoodlistener2730 27 дней назад

Precisely. My folks, oh your mortgage interest is a tax write off. $700 return every year. At the time, if i didn't have a mortgage it would be $700+ a month in savings instead. $8400 a year saved instead of holding out for that write off. Haha! Nah I'll choose no debt.

@coreyburke3493 26 дней назад

You can have a paid off mortgage but the house is always going to need repairs and there's always insurance and taxes. If you have a house paid off and no income you're still fucked lol

@DominionAnako-bb7ry 26 дней назад

Motivation

@natofia 3 дня назад

How can i determine my 401k fee that i am paying?

@enigmathegrayman2953 27 дней назад

401k having limited investment options is a good thing because the majority of people aren’t investing savvy and could potentially lose all their money trying to beat the market….

@bduplessie 27 дней назад

Warren Buffet would agree. Simple S&P 500 and Nasdaq/growth funds are simple and historically have great returns.

@dmzwrites1853 27 дней назад

Amen! Truely

@sanz1996_ 14 дней назад

There's a statistic which stats, the best performing accounts where those about which people forgot about, it that sense 401k is the best combine that employer match, no other individual account or ira can beat that.

@AdarylJohnson-qt9qn 27 дней назад

Appreciate your content!👍🏾

@linetsart2568 24 дня назад

Roth is the BEST! Because you don’t know the tax rates will be 20-40 years from now, you are assuming everything will stay the same for 20-40 years, and with the record deficits happening as we speak, the Government will need to tap those income streams in the future.

@user-jg9nj9xk8t 23 дня назад

ROTH SEEMS LIKE A BETTER CHOICE...

@Kashmir1089 22 дня назад

Didn't have VladTV making it onto a Minority Mindset video on my Bingo card. This is a strange world I live in now.

@msmith3537 23 дня назад

These points are moot for people working for companies supporting a 401K plan.

@jeannettesilva4242 15 дней назад

HOW DOSE IT WORK WHEN YOU HAVE A ROUTH 401K With A MACHHOW IS THE MACH TAXED?

@grindtodayenjoytomorrow4644 27 дней назад

I'm in Nvidia,cmg,SQQQ for dividends,pltr,sofi and tesla on 401k.😮😮😮

@worldsdumbesttrumpturd....3143 27 дней назад

Why?

@MsMaxinejoy 27 дней назад

Good job!

@ka-peach7945 27 дней назад

You're talking about the old, expired financial system. The world is transitioning into aa entirely new system that is totally different. Traditional investments that Financial Investors only know about will be going down the tube. People invested in stocks/bonds/401's/etc will lose everything. Dollar is now in the exponential phase of inflation and it will take out the dollar IMO.

@raheelakhtar7 26 дней назад

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 😂😂😂😂😂

@williamgold7698 22 дня назад

Dear Jaspreet, I really enjoy both your videos and Market Briefs. One thing no one points out when deciding between a traditional and Roth 401k is the amount of money subject to compounding. Let's say I invest $100/wk in my 401K. In a traditional account, all $100 dollars is subject to compounding. In a Roth 401k, since I'm paying taxes on it, only $78 (or so) is subject to compounding. So over the course of 30 years or so, the gross amount in my traditional 401k will be much higher than it would be in a Roth 401K. Am I making a worthwhile point here?

@tastyrick 22 дня назад

Only difference is the tax rate now vs the tax rate at retirement. If the rate stays exactly the same, then no effect on expected return.

@mikebraun9673 25 дней назад

my 401K has a 1% match and a 1.79% in fees with out counting the Mutual fund management fees... It's a IRA for me.

@TysonKyle88 27 дней назад

Great work, thanks man.

@rkegs 27 дней назад

love my 401k

@SavingsMinusDebt 26 дней назад

BUT ... one major problem ... according to the laws of mathematics ... which no human in the history of earth existing has ever broken ... it's 100% impossible to save in a 401k while being in debt. What does this mean? Can't save for retirement while having a mortgage; car payments; student loan debt, etc. People in debt .... aka Debt Slaves ... CANNOT save for retirement and/or taxes.

@miguelcollado 24 дня назад

I just cashed out mine and moved to another country

@srini9653 13 дней назад

13' 21" time well spent. Thank you!

@Lik3ToSing 26 дней назад

There is also roth401k

@theeporithirumugam9629 20 дней назад

My company has 40k and 457 Plan B, now they offer ROTH options too on these. I want to invest 46K on these four options. Kindly let me know which way is it better to invest for Max returns. I am 40, and I want to retire in 10 years and still be able to access some of these Money. Kindly advise and thank you!

@paulsawczyc5019 21 день назад

Don't forget that they change the rules in the middle of the game.

@joshuawilliams6153 27 дней назад

If you're invested in A target retirement fund you're more than likely at least paying a 1% expense ratio.

@angiedee2722 27 дней назад

So what are our options then if our fee is that high? Should we not contribute?

@ShawnPatton-rm2hv 27 дней назад

I have a 2045 fund from Fidelity that is .75%.

@brenanator6054 27 дней назад

My vanguard 2060 target retirement sits at .08% expense ratio

@brenanator6054 27 дней назад

@@angiedee2722 i would say at least get the full match

@joshuawilliams6153 26 дней назад

@@angiedee2722 the funds don’t really out pace the s&p 500 and you can find chose at 0.01%

@singreasy5141 16 дней назад

My company lets u control up to 90% of your 401k if u choose to u can have a seperate brokerage acct and buy your own stocks.but like he said this is an option in my 401k plan.

@Xinerius 26 дней назад

very basic stuff… roth 401k or tsp until retired then roll into a fidelity, schwab or vanguard roth IRA. all this time invest in a sp500 index fund with low expense ratios. Done. simple af.

@thebaldnerd1989 27 дней назад

I switched my money to a Roth IRA instead of a 401k. Also got an account for my little girl.

@momof3kids536 26 дней назад

What is the best thing to do with your 401K when you leave your job and move to a job that doesn't have a 401k?

@is4life862 27 дней назад

ROTH IS KING. TAX FREE

@hi-tych 27 дней назад

You know they're trying to get rid of that , right? And that's the reason why. I have one too.

@bduplessie 27 дней назад

The yearly Roth limits are tiny vs a 401k, do both

@JD-ir2sb 27 дней назад

The deferred taxes grow in a 401k where as you have to give it to the government at the front…the growth of the taxed deferred money pretty much makes it a wash.

@Random-yq1wu 27 дней назад

Having both is better than just Roth or Traditional

@shellieperreault6262 27 дней назад

@@bduplessieThey are the same. You're getting confused with a Roth IRA. The comparison is between a Roth 401k and a regular 401k.

@jimscherer8072 27 дней назад

Your age is also a factor on taxes and penalties.

@kylehackett162 27 дней назад

Jaspreet do you get your shirts tailored? They fit well. When I buy off the rack they never look great on me

@briansamaniego-howard1806 27 дней назад

He doesn't read comments. He's here to make money

@MinorityMindset 27 дней назад

I don't get these shirts tailored - I found some shirts that just fit well 🙏🙏 (although I have gotten some of my more "formal" dress shirts tailored) And yes, I do read the comments 🥑