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Discover the truth about 401(k) plans that no one talks about!
In this video learn the following:
✅ What a 401(k) is and how it works
✅ How to maximize your employer match
✅ 401(k) vs 403(b) – Key differences
✅ What happens to your 401(k) when you leave your job
✅ Contribution limits and tax advantages
✅ The hidden pitfalls and traps to avoid
Don’t miss these essential tips to maximize your retirement savings and avoid costly mistakes!
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TIMESTAMPS:
00:00 introduction
00:40 What is a 401(k)?
01:14 How does a 401(k) work?
01:31 401(k) match
01:49 Automatic deductions
02:16 Traditional 401(k)
02:29 Roth 401(k)
03:21 What if I leave my job?
03:51 401(k) vs 403(b)
04:32 401(k) lowers taxable income
05:00 Employer match
05:13 High contribution limits
05:39 401(k) asset protection
05:50 High fees
06:39 Limited investment options
07:38 Limited understanding
08:25 People contribute too little
09:10 Borrowing from the 401(k)
10:28 Too conservative
11:21 401(k) money left behind
12:13 Learn all about your 401(k)
#investing #invest #401k #financialfreedom #financialeducation
DISCLAIMER:
🚨This content is for educational and entertainment purposes only. Smart Money Bro does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
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