How to Use a 401K Properly to Retire Faster (Do This Now!)

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Күн бұрын

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Пікірлер: 780

@clearvaluetax9382 3 ай бұрын

We did an analysis to compare the 401K vs Roth IRA: kzfaq.info/get/bejne/rKxgaZypl53Ud40.html

@jlee7630 3 ай бұрын

How schwab founded

@jeanettebonf631 2 ай бұрын

Thank you need help

@jeanettebonf631 2 ай бұрын

I’m 61

@lilblackduc7312 2 ай бұрын

Thank you for the link!

@LiamThompson-cv9xy 17 күн бұрын

My portfolio does not just cater for dividend stock, I hold $VFIAX in my Roth IRA and $VTI ( total stock market ETF) in my taxable brokerage account, two of my largest holdings. The individual dividend stock position all compliments the index holdings.

@jlee-dw3zu 17 күн бұрын

Diversifying with $VFIAX and $VTI is smart investment. It is financial independence not dependence, it truely empowers.

@HarperScott-pk6uk 17 күн бұрын

Diversifying portfolio can be challenging without the right guidance. If you lack market knowledge, your best bet is to seek the expertise of an investment coach. That is how I have managed to stay afloat in the market, increaseing my portfolio over 60% in the beginning of the year. It is the best way to start up investment in my opinion.

@OliviaParker-rx3ni 17 күн бұрын

Please who is guiding you ??

@HarperScott-pk6uk 17 күн бұрын

@@OliviaParker-rx3ni Jason Herman Pierce is the licensed fiduciary i am working with. His cutting edge financial strategies is top notch.

@OliviaParker-rx3ni 17 күн бұрын

How I reach him??

@javiero9424 3 ай бұрын

I’m 29. Been contributing 10% of my checks to 401k since I was 18 years old. The company I work for matches 4.5% All I can say that I’m proud of my self.

@sunnyd4734 3 ай бұрын

Keep increasing that amount each year. You'll be multimillionaire when you are age 65.

@jamescc2010 3 ай бұрын

We are proud of you. Great job at 18. That’s amazing.

@wdeemarwdeemar8739 3 ай бұрын

I don’t even know you and I am proud of you.

@The_Mysterious_Saiyan 3 ай бұрын

@@sunnyd4734Not true. After taxes no.

@napoleonbonaparte7204 3 ай бұрын

Great 👍..Don't expect Uncle sam to take care of the Old You... The young you will take care of the Old you....Keep going 💪

@abrahamguitar 3 ай бұрын

Well, if you're in your 20s and looking at this topic , you're probably already on the correct financial path.

@duanen2337 3 ай бұрын

And if you're in your 50's?

@KennedyIvy 3 ай бұрын

No hope @@duanen2337

@pokemont9989 3 ай бұрын

@@duanen2337there is still time

@tannerdavisr 3 ай бұрын

@@duanen2337regardless of age it is sage advice, especially if you started in your 20's and you're 50-60 now

@Shishiku91 3 ай бұрын

@@duanen2337you’re probably working until you die and should develop solid coping mechanisms

@raze2400 3 ай бұрын

Just turned 40 and regret not putting more into my 401k in my 20s

@OroborusFMA 3 ай бұрын

I didn't begin until I was 35 and didn't get serious until my 50s. But I'm making up for lost time.

@HemiLyfestyle 3 ай бұрын

Just wondering, I'm currently investing 6% in my 401k and 2% in my Roth. I just got 3 raises in the last year. How much you believe I should be investing? I'm 32. I started when I was 26

@SpicyKimchi- 3 ай бұрын

Me toooo. I’ve always contributed to but never made sure I max it every year. I also slept on HSA. I’m 41 now so making sure I max all three as soon as I can every year, then dump all extras in brokerage. Hopefully this hyper accumulation can make up for a little bit of lost time.

@Steveo_00700 3 ай бұрын

@HemiLyfestyle , 15 %. Of your income.

@SpicyKimchi- 3 ай бұрын

@@HemiLyfestylethrow all raises in your investments, start with Roth IRA first after maxing match in 401k. Live on your income before all raises/bonuses, rest in investments.

@lovelyweather4057 3 ай бұрын

I’m 29 and barely learning how to properly use my 401k. I’m proud of yall who did it since the beginning. Now it’s my turn

@-MakeItGood- 3 ай бұрын

Take the free money early and often. Put it in s&p 500 index and forget about it.

@rikiiricardog 3 ай бұрын

I started contributing to my 401k at 30. Will be 32 this year. I’m fortunate enough to be able to contribute 20% of my paycheck each pay day with an employer match of max 6% of my yearly annual income. I have it set to one of those retirement date funds where it spreads it out for you based on your age. Maybe not the best but I’m not an expert at picking funds. I do wish I started in my twenties even if it was just $100. If you’re reading this and in your twenties start now. Your older self will thank you. PLEASE.

@rhondavigil795 3 ай бұрын

Early retirees at 52 and 55. Maxed out pre-tax 401k for years. No match. Keeping lifestyle creep in check is critical to be able to max out your investments. We retired using the rule of 55. Continue educating yourself to maximize your savings and investments. Anyone can do it. We are just ordinary, everyday people.

@bb-1359 3 ай бұрын

Oh don’t worry, nobody thought you were extraordinary commenting on youtube 😆

@rhondavigil795 3 ай бұрын

@bb-1359 my point was anyone can do it. Maybe even you 😉

@rebeccaspratling2865 3 ай бұрын

I hope your life improves and you find happiness. 🙏💛@@bb-1359

@bb-1359 3 ай бұрын

@@rhondavigil795 My point was nobody was impressed 😀

@micahvm7476 3 ай бұрын

I’m impressed

@hasiburbijoy007 3 ай бұрын

You’re saving my tons of financial advisors money straight from my pocket and i’m really blessed to live in these worlds where peoples like you still trying their best to help peoples in the most complicated topic in the world “managing money”

@frankw7266 3 ай бұрын

I'm very fortunate to work for a company that actually cares about our financial future.... our owner's philosophy is that when you walk out the door, he wants you to do so as a millionaire. Not only does he match 100% up to 6%, as an incentive, he also has a progressive scale of profit sharing... the more you contribute above the match, the greater the additional amount he will contribute annually, plus the financial institution's money managers are available to us for answering questions with no additional charge to our accounts.

@jefftretten6082 3 ай бұрын

Nice! Are you guys hiring?!

@rebeccaspratling2865 3 ай бұрын

Wow that's amazing! Bless him.

@shan4078 3 ай бұрын

As always, thank you so much Brian

@saymackalc 3 ай бұрын

Will be turning 33 soon. And iv recently started 401k last year maxing out company max. Now i understand that alot of people dont do it sooner, because like me in my 20s i didnt have extra to put aside. But whenever you can, do it. This isnt to say live for your retirement. But it is nice to have somthing to fall back on in your later years

@williamstratton1935 3 ай бұрын

I didn’t start till I was 33 and I’m 43 now keep adding 1% a year till you get to 20% you will not regret it

@ronmusopole7836 3 ай бұрын

Thank you Brian, you are such a blessing to many!!!

@hacet1234 3 ай бұрын

It it really awesome that your talk is printing on the screen at the same time. Very helpful

@reginakrauser9146 3 ай бұрын

Couldn't get any clearer than that! Thank you Brian!

@AQCE245 3 ай бұрын

Great video, I’m 29 I got 160K in my 401K

@0_1_2 3 ай бұрын

Here you go pal 🍪

@bipi4363 3 ай бұрын

Keep it going. 💯

@mattr2626 3 ай бұрын

That's amazing, keep going!

@snoblitz 3 ай бұрын

@@0_1_2your envy is showing. Just because you make bad decisions in life doesn’t mean you need to break others down.

@csick11 3 ай бұрын

Only 160k? Lame

@Clovis_Rose 3 ай бұрын

I am 38 and this is 100% great financial advice, I am regretful for not being effective with my retirement savings but am working to correct this. This is an amazing channel and I fully support listening to this and all the great advice on many topics covered on this channel!

@Pastymeathead 3 ай бұрын

Gen Z listen up. Start as early as possible with your first job. Even if it’s just a small amount, COMPOUND INTEREST will help you in the long run. When you’re older, you’re gonna start seeing all your friends dumping as much money as possible into their 401k to catch up so they have some retirement. Meanwhile, you’re not going to have to do that as long as you have consistency starting from a young age

@MsJoyce31202 3 ай бұрын

Yes.

@Langston_ 3 ай бұрын

22 year old here - loud and clear ☺️

@scoutdixie4412 3 ай бұрын

Young people can't even afford to house themselves, how are they going to save. I don't think the dollar has much time left.

@Pastymeathead 3 ай бұрын

@@scoutdixie4412 I did it and I live in Southern California, which is hard mode for a young guy that doesn’t come from money. I hate to say it, but if it’s unaffordable where you live like me, you’re going to have to downsize the lifestyle you want. No lifted trucks/luxury vehicles, no eating out all the time, no random trips out of the country. You gotta live cheaply. Times are hard, I get it. But you gotta put some money away while you work your way up to a higher income.

@shirleymiller3825 3 ай бұрын

The value of the dollar is decreasing.I hope everyone knows that is true.

@kristy6739 3 ай бұрын

🙌🏽….Thank you. I need this information. I appreciate you so much.

@clearvaluetax9382 3 ай бұрын

I hope this helps Kristy!

@mdn4937 3 ай бұрын

Great content, very simple and quick

@vaughnmilburn6966 3 ай бұрын

Brian, YOU are the best! Thank you!

@libbygarcia6354 3 ай бұрын

Hey I really appreciated this video. I liked seeing it written out along with your voice. I really understood better!

@tomyhadera91 3 ай бұрын

I Always praise the day I subscribed to your channel. Thanks you

@clearvaluetax9382 3 ай бұрын

Thank you for all the support! I appreciate it so much!

@mario.alberto 3 ай бұрын

This 💯 Thanks Brian

@christineguo2001 3 ай бұрын

great advice as always! Thanks Brian!

@loristevens7135 3 ай бұрын

Thank you for telling us what you would do. This is very helpful

@WinstonSchnauzer 3 ай бұрын

Luv this guy. Provides matter-of-fact info. Follow him, it is great value.

@BrianNC81 3 ай бұрын

If you have Roth 401k option, seriously consider it. I max out my 23k annual contribution as Roth contributions for tax free money in retirement. I've been in 100% stock the past 19 years and it's really paid off (S&P 500 index and some mid cap dividend staple funds). On target to hit 1M in 401k by my mid 40's

@SpicyKimchi- 3 ай бұрын

I do a little of both Roth and traditional & hubby does all traditional …trying to keep our income down so we don’t lose out on Roth IRA eligibility.

@Fear.of.the.Dark. 3 ай бұрын

it depends on your tax bracket. If you are in high marginal tax bracket right now, roth 401k will be a bad option. There is no way you will be in 22% marginal tax bracket in retirement if you are in correct financial path.

@bretfeeney1072 3 ай бұрын

I thought the cap on the Roth was around $7000? My company just started offering a Roth for my 457K.

@Kinetic754 3 ай бұрын

Depends on your tax bracket. Roth 401k isnt best option for everyone

@scoutdixie4412 3 ай бұрын

I lost a lot in 2008, I don't think I have fully recovered. Be careful a crush is coming.

@thereddragon3048 3 ай бұрын

Thank you for being honest.

@toddsellars4694 3 ай бұрын

Another excellent update brother Kim. Keep up the good work!

@ZACMAKLEA 3 ай бұрын

Great content Brian! God Bless!

@Leon-xw3nv 3 ай бұрын

Excellent advice, which most unfortunately will not follow. Thanks, Brian!

@thekaka92 3 ай бұрын

your videos are so amazing and informative!!

@sunnyd4734 3 ай бұрын

No loans, no withdrawals, make certain you receive the full benefit of the employer match through December 31 each year, max out contributions each year, 402(g) limit and catch-up contributions, max out After-tax contributions if your employer offers After-Tax. Focus on Index funds for the low expense ratio and stay away from the boring bond funds.

@PollyoFJB 3 ай бұрын

Always the mist informative info. Thank you

@rosebloom2518 3 ай бұрын

Happy Sunday Brian! ☀️🌺

@clearvaluetax9382 3 ай бұрын

Happy Sunday Rose Bloom!

@PapaKryptoss 3 ай бұрын

@@clearvaluetax9382he didn’t get the memo. Bwahaha

@teru797 3 ай бұрын

@@clearvaluetax9382 Hey what's the best retirement plan for self employed individuals?

@shahrukhmustafa4357 3 ай бұрын

Very concise and informative!! Thank you for your videos

@lc8602 3 ай бұрын

Very informative! Thanks!

@isagoldfield7393 3 ай бұрын

I worked for 16yrs. with the major airline & left to take care of my 2children & my 401K has been growing.

@kanishkasamrat6730 2 ай бұрын

Very helpful. Cleared most of my doubts around 401K. Thank you so much.

@clearvaluetax9382 2 ай бұрын

I’m glad you found it helpful! Thank you for the support!

@Derekfl19 3 ай бұрын

So wish i had your videos in my 20s man. Glad to have them now

@qdood 3 ай бұрын

Thanks Brian

@clearvaluetax9382 3 ай бұрын

Happy Sunday Qdood!

@almapinon4299 3 ай бұрын

thank you Sir Brian!

@beninay 2 ай бұрын

This video is GOLD! Thanks Brian ❤

@seymourwhitetail4945 3 ай бұрын

Grateful to know this now and better late than never. I will teach my kids these things that I neglected to learn myself earlier in life.

@davidj669 3 ай бұрын

Thank you for your help

@clearvaluetax9382 3 ай бұрын

My pleasure David, thank you for the support!

@user-xn7it9bg4n 3 ай бұрын

Gamsahabnida! Thank you, another good one!

@MrDionappling 3 ай бұрын

All I can say is I am so grateful for people like you,

@peggye9129 3 ай бұрын

Simple and honest. I appreciate that!

@brookeshens4254 3 ай бұрын

The best advice for all generations! 🎉

@None-gm4yk 3 ай бұрын

Thank you for your help.

@j_orpz 3 ай бұрын

Great explanations, it’s shocking how many people aren’t aware of these things

@jrraven3230 3 ай бұрын

Thanks Brian 😊 😊

@kdefensemartialarts8097 3 ай бұрын

Thank you for your videos.

@yellowtrain3161 3 ай бұрын

Great sound advice!!

@wondwosengetahun9880 2 ай бұрын

Thank you for help full information

@samuelernest4269 3 ай бұрын

Thanks, brother!

@albertlopez3750 3 ай бұрын

I started in my late 20’s and regret not starting much earlier. There’s always extra money to put aside even if it’s 1-3%. Start early and you won’t regret it.

@reddragoncyber4894 3 ай бұрын

We chose option 4 in order to get out of credit card debt. Credit card debt is a hard less to learn about interest rate, but a great motivator to be more financially responsible. The gains i was making off of retirement was being over shadow by the interest of credit card debt.

@Myretta 3 ай бұрын

Great information

@mckenziepatrio5170 3 ай бұрын

Up to the company match...free 💰

@getrightllc3467 3 ай бұрын

You are my financial advisor thanks so much

@FelixTheCat69 3 ай бұрын

Great advice. I appreciate you looking out for the little guy while the big guys are busy trying to pilfer the little guy's wealth.

@deviildogg1 3 ай бұрын

Southwest Airlines will match dollar for dollar up to 9%.

@clearvaluetax9382 3 ай бұрын

That’s an amazing offer!

@Fear.of.the.Dark. 3 ай бұрын

@@clearvaluetax9382 Visa has the best offer so far. 200% match.

@k-oiya5004 3 ай бұрын

Thanks Brian!

@clearvaluetax9382 3 ай бұрын

You bet! Thank you for all the support!

@michellejackson7293 3 ай бұрын

Thank for the info

@tomdrummy4984 3 ай бұрын

Awesome info 👍👍

@briani3599 3 ай бұрын

Excellent video and right on. Don’t listen to the hype about future returns will not repeat the past-the same concerns were there when I was 22-now I am 55 and thankful I under-lived my means and saved. It was worth not driving the shiny new car.

@lanalong6736 3 ай бұрын

Excellent information presented well. Oh my, yes, watch the fees!

@legenjerry368 2 ай бұрын

Thank you! Just subscribed to your channel.

@eddy73 3 ай бұрын

Awesome content dude! Please keep putting more information ❤

@clearvaluetax9382 3 ай бұрын

Thank you Eddy!

@cristmm01 3 ай бұрын

Ecelente🎉 thanks for this info

@HaiTran-eg2dz 3 ай бұрын

Thank you 🙏🙏🙏

@raymondkyruana118 3 ай бұрын

Thank you!!!!

@crayrayc 3 ай бұрын

great advice!

@wandasworldhaircarejourney5788 3 ай бұрын

Great Content

@jasonwise078 3 ай бұрын

Great topic and video

@ryajsmit 3 ай бұрын

Great video very informative

@HarrisWalker-ob4ip Ай бұрын

This is an eye opener, and having a retirement plan for yourself is the best step to take knowing that after your working days you will need something to depend on.

@superstar5123 3 ай бұрын

Brian please discuss physical gold and silver and why or why you should own them

@JoonOhMars 3 ай бұрын

The breakdown on the various 401k transfer options helped a lot! Currently looking to switch jobs and was curious if it makes that much of a difference

@RED-isTheNewBLACK 3 ай бұрын

The GOAT of financial advice.

@dnunez773 3 ай бұрын

You are an amazing person!

@queendove6376 3 ай бұрын

Awesome!! Thanks

@Ragna_Ghoul 3 ай бұрын

I'm 34 this year. I absolutely advise starting as early as possible. Never underestimate the power of compounding interest.

@JK-ee4ez 2 ай бұрын

Thank you for being simple and straightforward. Great video on taking advantage of employers matching. I'm 55, got +$700k invested in my 401k, I started saving in my mid 20s. Yes, it can be done! Looking forward to doubling in 7 to 8 years from the compounding rule of 72. Please budget early and pay yourself first. Good luck!

@Dr.irenebuenavistamolina 3 ай бұрын

good info!

@aaronc4724 2 ай бұрын

Great advice using you contribution rate each year.

@chinwokenwofor5992 3 ай бұрын

Hi bro, thanks for the info... looking forward to seeing ur videos on the global Oil market fundamentals...teach us to trade oil too🤲

@bankstonmills 3 ай бұрын

very well said! and yes, starting your investments in your 20's is absolutely the fastest way to financial independence.

@cgferrer6550 3 ай бұрын

Thank you.

@clearvaluetax9382 3 ай бұрын

Thank you for all the support CG!

@daviousking3828 3 ай бұрын

You are 100% right Brain the sooner the better

@tiffanytboyd 2 ай бұрын

Thank you!

@2-old-Forthischet 3 ай бұрын

I forwarded this to my son even though he's a few years away from retirement. I was lucky in that my credit union offered a financial advisor. He gave me the best advice and convinced me I was working for no reason at the time. In fact, I should've retired three years earlier! I've been retired for 17 years now.

@reholla8859 3 ай бұрын

Thx for the advice! I been working for the same company with a 7 percent match since i was 19 yrs old. Today im putting 15 percent of what i make weekly. Gotta save ppl. Im 36 yrs old now and i gotta say, best decision ever

@SantosProd 3 ай бұрын

Im 28. Hust got it going. And fees error is true tha ms for being transparent and helpful.

@sofana7575 2 ай бұрын

Thank you so much

@Bambarbia2447 3 ай бұрын

When changing employment, I would vote for transferring money to IRA. Reason is that most of 401K plans have limited invesment options and higher fees and with IRA you get the widest investment options and lowest fees, like 0.04% mutual funds at Vanguard.

@user-tw7pz1pj7r 3 ай бұрын

The downside is IRA requires minimum age of 59.5 to withdraw, the 401k requires 55.

@dkaik 3 ай бұрын

Also completely depends on the 401k plan. I know plenty 401ks offering low cost fidelity and vanguard funds.