Why Your 401k is the Worst Retirement Plan

You're going to stop working at some point in your life and when that time comes you are going to rely on the money you saved. The normal convention is to have a 401k, but I'll show you what to invest your money in and how you can prepare for your future. 🤝 Got Money or Retirement Savings? Partner with Kris on Deals: 🤝 Want to learn about Franchises? Watch and Enjoy! Kris Krohn PS: Save Kris’ phone and text him anytime you have questions: +1 (385) 217-3477 ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ 🔥TAKE THE NEXT STEP WITH KRIS’ AND HIS TEAM 🔥 ===================== 10x Your Business | Business Consultation from Kris Get Kris’ NEW BOOK "HAVE IT ALL" 💰 Get Kris’ FREE REAL ESTATE BOOK on Back-Yard Investing 💰 🤝 Got Money or Retirement Savings? Partner with Kris on Deals: 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 🤝Get a FREE custom Real Estate Game Plan from Kris’ Team PropStream Software Free Trial: 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 Want to know how Kris’ Finds his Top Deals? 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: 📹 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. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. 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. The above summary disclosure is provided as an overview, and is not intended to be comprehensive. Additional details are reflected below. 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...(read more)

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As an AI language model, I cannot provide my opinion or take sides on any topic. Here's a neutral article: For many Americans, their 401k is the primary retirement plan. However, despite being one of the most popular retirement savings plans, it may not be the best option for everyone. In this article, we’ll explore some of the reasons why your 401k may be the worst retirement plan. 1. Limited Investment Options: One of the biggest problems with 401ks is the limited investment options they offer. Most 401k plans allow you to invest in a limited number of funds, which restricts your ability to diversify your portfolio. The lack of investment options can be especially problematic for individuals who want to invest in alternative assets like real estate or precious metals. 2. High Fees: 401ks also tend to have high fees, which can eat into your investment returns. According to a report by the Center for American Progress, the average 401k plan charges about 1% in fees annually. While 1% may not seem like a lot, over time these fees can add up and significantly reduce the value of your retirement savings. 3. Lack of Transparency: Many 401ks are also notorious for their lack of transparency. Plan administrators are required to provide participants with information about fees, expenses, and investment options. However, this information can often be hard to find or confusing to understand, making it difficult for investors to make informed decisions about their retirement savings. 4. No Guaranteed Income: Another major drawback of 401ks is that they do not provide guaranteed income in retirement. When you retire, you will need to convert your 401k savings into an income stream to support yourself. However, the amount of income you can generate will depend on many factors, including the performance of the stock market, interest rates, and how long you live. 5. Market Volatility: Finally, 401ks are subject to market volatility, which can have a significant impact on your retirement savings. Market downturns like the one we saw during the 2008 financial crisis can cause your investments to lose value quickly, leaving you with much less than you need to retire comfortably. In conclusion, while 401ks can be a useful retirement savings tool for many Americans, they may not be the best option for everyone. The limited investment options, high fees, lack of transparency, lack of guaranteed income, and market volatility are some of the reasons why your 401k may be the worst retirement plan. It is essential to understand the advantages and disadvantages of different retirement plans before making a wise decision. https://inflationprotection.org/why-your-401k-is-the-worst-retirement-plan/?feed_id=78793&_unique_id=6413b1c784a46 #Inflation #Retirement #GoldIRA #Wealth #Investing #KrisKrohn #LimitlessTV #realestate #401k #KrisKrohn #LimitlessTV #realestate