401k

The speaker provides a basic overview of the differences between a roth 401k and the traditional 401k.  He suggests that for most people, the Roth 401k tax advantages will make this plan a better option for retirement; however, since tax rates are unknown for your r

The speaker explains that one must account for taxes when calculating what their retirement plan is worth.  Roth IRA and 401k's have different tax consequences at withdrawal and therefore, both plans need to be evaluated properly to determine the effective cash

The speaker provides a system for how to spend your funds, whether it be cash in your checking account to funds in your roth IRA or 401k account.  He mentions to use your disposable cash first and your Roth IRA funds last.

The speaker discusses the benefits of a 401k plan.  He suggests the investor should put as much money as possible into the 401k and that it is an essential tool for retirement.  He discusses a rollover 401k and also the "catch up" contribution for employees over the age of 50.

The speaker takes questions from investors about how to recession proof your money in your 401k account.

Brokerage fees can double the cost of your mutual funds in your 401k without telling investors because funds will deduct transactions costs from the mutual fund.  The video covers how the investor is almost defrauded when key information is held back from the

This video covers some of the fees which are being charge through a 401k account.  In some cases, the mutual fund company is charging management fees of nearly 10% of more.  The video discusses how funds pay insurance companies to endorse the fund and then insurance companies pay plan sponsors another fee to provide the fund a

The speaker discusses how the retirement funds of most baby boomers are being stolen from their 401k accounts through hidden fees which are wiping out large  amounts of money over time

The speaker discusses the 401k and a few basic rules around 401k planning and strategy.  He suggests to stay away from investing in your own company within your 401k, this may turn out to be too risky with all eggs in one basket.  Second, he suggests that one should not have too many investments in their 401k, keep it simple.&

401k Planning Definition

The most common and popular type of defined contribution retirement savings account is the 401k, or 401(k). The 401k provision in the tax code allows workers to avoid paying income taxes on the portion of their income which is elected to be moved directly into a 401k account.