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Maconomics: A Guide on What to Do with Your 401K


In an all new episode of "Maconomics," host Ross Mac dives into the great benefits of having a 401K and exactly how to prep it in order for you to have the best retirement possible. After all, who doesn't want to live their best lives once they've finally chucked the deuces to working for good? Watch and catch some dropped gems now! Find REVOLT on TV here: Stay connected with REVOLT here: Download our app for more exclusive content! iOS: Android: + Subscribe now: Website: (Surf) Instagram: (Follow) Twitter: (Follow) Facebook: (Like) Snapchat: Revolt.TV (Add) TikTok: REVOLT About REVOLT : Launched by Sean "Diddy" Combs, REVOLT.TV is #1 destination in hip hop. Focused on expertly curating the best of the best in music and engaging youth in social conversation, the multi-genre, multi-platform network offers breaking music news, videos, artist interviews, exclusive performances, and original programming. Artists REVOLT.TV covers include: Joe Budden, Drake, Chance the Rapper, Jay-Z, French Montana, Lil Wayne, Puff Daddy, Diddy, Future, Rick Ross, Remy Ma, Nicki Minaj, Beyonce, Rihanna, Lil Yachty, Kendrick Lamar, Kanye West, Solange, and many more....(read more)


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As an individual investor, one of the biggest decisions you have to make is what to do with your retirement savings plan, specifically your 401(k). A 401(k) plan is a defined contribution plan where employees can contribute a portion of their pre-tax income, which is then invested, tax-deferred, until retirement. So, what should you do with your 401(k)? Firstly, staying invested in your 401(k) until your retirement is the best option for the majority of investors. According to a recent study by Fidelity, 55% of Americans leave their 401(k) account with their former employer when changing jobs. However, if you're not happy with the plan's performance or fees, you can roll-over your 401(k) into an IRA account. With an IRA, you have greater investment options and more control over your money. Secondly, it's crucial that you contribute as much as you can towards your 401(k), with the maximum contribution for 2021 being $19,500 for individuals under 50 and $26,000 for those over 50. Your 401(k) is your retirement nest egg, and the more you can save, the better off you will be. Thirdly, it's essential to review your investment allocation in your 401(k) annually. Ensuring that you have an appropriate mix of stocks, bonds, and other assets will ensure your investment aligns with your risk tolerance and age. A 70-year-old should have a different investment mix than a 30-year-old because of the need to protect their investment and generating income. Finally, it's critical that you stay informed of new investment offerings and fees within your 401(k) plan, and not be afraid to ask your employer about fees if they are not transparent. You're entitled to know the fees you're paying and how these impact your investments. If you're not content with the fees, it may be worthwhile to explore other investment avenues or roll-over your 401(k). In conclusion, investing in your 401(k) is one of the most critical financial decisions you'll make, which will impact your retirement lifestyle. By staying informed, contributing regularly, and reviewing your investment allocation, you'll be on your way to a financially secure retirement. https://inflationprotection.org/maconomics-a-guide-on-what-to-do-with-your-401k/?feed_id=99779&_unique_id=646a2dd0142e2 #Inflation #Retirement #GoldIRA #Wealth #Investing #hiphop #music #rb #Rap #REVOLT #TV #401k #hiphop #music #rb #Rap #REVOLT #TV
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