A WARNING To All 401k Investors!

Описание: Investing in your 401k has been one of the best ways to set yourself up for the future. The number of 401k millionaires grew from 21,000 in 2009 to 233,000 in 2019. One of the main reasons is because it's extremely easy to automate investing money into this account because your employer deducts the money directly from your paycheck.

Unlike a Roth IRA, the investment options within a 401k are chosen by your employer and are usually limited. On the surface, this doesn't seem like a big deal. But when you take into account how many expensive actively managed funds are offered within a 401k, it's obvious that there's a real issue with this retirement account.

In this video, we'll go over the data I gathered from other 401k participants so you can compare your investment options to theirs. I'll also show you why actively managed funds are the worst investment you can hold within your 401k.

Why The 3 Fund Portfolio Is King:    • Why The 3 Fund Portfolio Is King  

The Problem With A Target Date Fund:    • The Problem With Target Date Fund Investing  

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Disclaimer: This video is for entertainment purposes only. Everyone's situation is different so do your own research before making any decisions with your money. If you need help then contact a Certified Financial Fiduciary before trying anything that is mentioned in this video. I prefer a Fiduciary financial advisor that charges an hourly fee as opposed to an ongoing fee based on a % of your portfolio. Always remember that incentives determine the type of advice they give you so one that charges an hourly fee is less likely to be problematic.