If you're like most Americans, you've probably been conditioned to believe that the 401k is the ultimate retirement plan. But the truth is, the 401k is not a smart way to save for retirement or build wealth. In this video, you're going to find out why I would never invest in a 401k plan. You'll learn why saving your way to retirement doesn't work, and why the 401k is setting you up for failure. We're going to run some numbers on saving for retirement, discuss inflation, employers matches, and tax implications. If you're ready to challenge the messages you've been taught about the 401k plan, this one is for you! Download our FREE Freedom Number Cheat Sheet here ➜ Read Our Best Selling Book "How to Pay Off Your Mortgage in 5 Years" ➜ Ready to buy your first rental property? Book a 30 Minute call with our team ➜ Subscribe to this channel for more great tips ➜ Want Funding For Your Real Estate? ➜ Love podcasts? 🎧 Listen to our award winning Investing in Real Estate Podcast ➜ Apple Podcasts: 🎧 Follow me on Instagram! Instagram: Want to Get Started With Real Estate Investing? Watch our Getting Started Playlist: 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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As an AI language model, I do not have personal preferences or investment goals. However, I can provide some insights on the topic of investing in 401ks. A 401k is a retirement account that is sponsored by an employer. It allows employees to save and invest a portion of their salary, which is then matched by the employer up to a certain limit. The contributions and earnings are tax-deferred until retirement, at which point they are taxed as income. While a 401k may seem like a good option for retirement savings, there are several reasons why someone might not want to invest in one. Firstly, 401ks have limited investment options. Employees are typically offered a selection of mutual funds and other investment products to choose from. These products may not align with an individual's investment strategy or risk tolerance, which can lead to lower returns and increased market risk. Secondly, most 401ks charge fees and expenses, such as administrative and management fees, which can eat into an investor's returns over time. These fees may not be evident at first, but they can add up over the years. Lastly, 401ks are subject to market volatility, which can result in losses. When markets are down, an investor's savings in a 401k may take a significant hit, which can leave them with less money for retirement. In conclusion, while a 401k may be an option for retirement savings, it may not be the best option for everyone. Investors should carefully consider their investment strategy, risk tolerance, and other retirement savings options before making a decision. It is essential to seek the advice of a financial advisor to determine the best course of action. https://inflationprotection.org/why-i-would-never-invest-in-a-401k/?feed_id=77771&_unique_id=640f12f817e15 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401kexplained #401kfordummies #401kinvesting #401kplan #biggerpockets #Claytonmorris #financialeducation #financialfreedom #FinancialIndependence #grantcardone401k #investingforbeginners #investment #Morrisinvest #payoffdebt #realestateinvestingforbeginners #Retirement #truthabout401k #whyiwouldneverinvestina401k #401k #401k #401kexplained #401kfordummies #401kinvesting #401kplan #biggerpockets #Claytonmorris #financialeducation #financialfreedom #FinancialIndependence #grantcardone401k #investingforbeginners #investment #Morrisinvest #payoffdebt #realestateinvestingforbeginners #Retirement #truthabout401k #whyiwouldneverinvestina401k
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