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Showing posts with the label 401kcorona

Managing Your 401K during a Recession: Tips and Strategies under the CARES Act

🚨Read Our FREE eBook🚨 Get Richer Sleeping - Investing 101: Many people were shocked to see their 401k accounts dropping in value after the 2020 economic slowdown. This is why you need to know how to manage your 401(k) the right way and in this video, we talk about how to manage your 401k during a recession. Subscribe To Our Channel: Recommended: Things You NEED To Understand About The New Economy: Real Estate Investing: How To Manage Your 401k During A Recession 0:23 - The majority of people have been investing in their 401k as their retirement plan for years and are worried about what to do with their 401(k) 1:44 - How the 401k works as a tax deferred retirement account and an investment account 2:45 - How the 401k is changing during this pandemic by letting you pull out $100,000 from your 401k 3:30 - Understanding 401k taxes in this economic slowdown and comparing a Traditional 401k with a Roth 401k 5:00 - How to protect yourself from taxes going up in th