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Showing posts with the label 401kproblem

Debunking the Major Misconception Surrounding Traditional 401Ks and IRAs

Like, Comment, and Share my videos! 🔔 SUBSCRIBE HERE 🔔 Become a channel member to get access to great perks: 🌟 🎓 👑 💯 LET’S CONNECT 💯 📷 Instagram @JakeBroe 👉 🐦 Twitter @Broe_Jake 👉 👇 👇 Watch My Other Videos Here 👇 👇 ★ Your 401K is a Waste of Time ★ How to Earn 20% a Year in Your Roth IRA ★ Backdoor Roth IRA - How Does It Work? ★ Have an Old 401k? Should You Rollover to an IRA? ================ What Is a 401(k) Plan? A 401(k) plan is a tax-advantaged, defined-contribution retirement account offered by many employers to their employees. It is named after a section of the U.S. Internal Revenue Code. Workers can make contributions to their 401(k) accounts through automatic payroll withholding, and their employers can match some or all of those contributions. The investment earnings in a traditional 401(k) plan are not taxed until the employee withdraws that money, typically after retirement. In a Roth 401(k) plan, withdrawals can be tax-free. How 40