Did somebody forget to include inflation. That million dollars, are not going to buy stuff you can buy with a million dollar now. How about taking off 20 % taxes after your withdrawal😂 after 60. It's a nice scheme to put in your free money in the stock brokers wealth management companies to make Wall Street bets. They also get paid doing so, buddy. How smart do you feel now, my friend😂
My father makes 180K salary and hes worked at the company for about 7 years already, he puts 30% into it and so far the company lets him invest into the Fortune 500 ETFs so right now hes already got like 600K in there from 2023 market jump
How nobody talks about a book The Architect of Riches, can’t believe how underrated it is. This book has some serious knowledge you won’t find anywhere, changed my life.
Yay, a millionaire at 60, then I can fix my back problem, my messed up knee. And still be to old have fun with the rest, I guess I can maybe buy a cool car and a bigger house to look at😎
Why is the retirement plan named 401k, instead of just retirement plan though? Here in Turkey it's just called retirement plan, I don't understand why would something be named 401k which can easily be misunderstood for 401000, I thought it was 401000 for months after I first heard about it in shorts
What about inserting half your paycheck then the company also inputs that. Then you deposit both sides money, included fees you just upped your paycheck by 50% without taxes.
Sooo is that before or after they fire you because you live in a "at will" state. If they don't want to spend the money they can legally lie, fire you, then sell that 401k B'S to whomever will buy into that nonsense. Even if they don't, do you really the current inflation will allow/accomodate that? "I'm sorry Thomas, but that's a goof…." Love your content BTW. Also if you caught that reference we can be friends now.
40 comments
So useful🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡🚡
Isnt just a 401k growing as fast as inflation so you would have a close to same amount of money when your 60
what happens when trump destroys markets?
By the time i'm 60, yeah lemme waste half of my life
I heard the bottle breaking and its giving me brawl stars ptsd..
This guy is like our teachers he tells you to go get a job invest and retire at 60, you gotta think outside the box we gotta escape the matrix guys😊
401ks were always a scam. Turns out a lot of employers DIDN'T contribute when they were supposed to but workers can't afford to take them to court.
Did somebody forget to include inflation. That million dollars, are not going to buy stuff you can buy with a million dollar now. How about taking off 20 % taxes after your withdrawal😂 after 60. It's a nice scheme to put in your free money in the stock brokers wealth management companies to make Wall Street bets. They also get paid doing so, buddy. How smart do you feel now, my friend😂
Is a 401k a pension?
where I'm from that 950,000 is equivalent to 17.8 Million
I know 401k at 13
👍
Wow a millionaire at 60 sounds depressing tbh
My father makes 180K salary and hes worked at the company for about 7 years already, he puts 30% into it and so far the company lets him invest into the Fortune 500 ETFs so right now hes already got like 600K in there from 2023 market jump
How nobody talks about a book The Architect of Riches, can’t believe how underrated it is. This book has some serious knowledge you won’t find anywhere, changed my life.
can't wait to spend my million when im 60
950K by the time you are 60.💀💀
Yall didn't pay attention to what teen titans go were saying did yall?
Thats a nice tie, where can i find it
CONGRATS YOU ARE NOW A MILLIONAIRE AT THE AGE OF 60.
ENJOY THAT MONEY WHILE YOU POP PILLS TO STAY ALIVE!
401k plans are a scam.
401k is gonna just go to the boomers. It’s going to run out by the time we come to claim it
401k is a pipe dream right now after Trump basically breaking it. you want retirement money, move out of US.
Yay, a millionaire at 60, then I can fix my back problem, my messed up knee. And still be to old have fun with the rest, I guess I can maybe buy a cool car and a bigger house to look at😎
You’re so right. Until they pull it away before retirement and they take back your money and their money. Isn’t corporate America grand?
I’m 14 and I knew that ment 401k plan lol
Just me or is that KIRA YOSHIKAGE
Is this only in America or what?
Why is the retirement plan named 401k, instead of just retirement plan though? Here in Turkey it's just called retirement plan, I don't understand why would something be named 401k which can easily be misunderstood for 401000, I thought it was 401000 for months after I first heard about it in shorts
So if he thought it was a 400k bonus, then he would’ve been getting $1000 a year
So if he thought it was a 400k bonus, then he would’ve been getting $1000 a year
What about inserting half your paycheck then the company also inputs that. Then you deposit both sides money, included fees you just upped your paycheck by 50% without taxes.
Inflation: let me introduce myself
you get genz confused with tiktok gen/ ipad kids
i😂😂😂😂😂 😮 😮😂😮😂😮🎉🎉🎉🎉🎉🎉🎉 skibed the mommy🍆
It's technically not free as many companies mention their contribution in various pension schemes in CTC as well
what if the company go bankrupt
Bro im 11 and i know what a 401k is from eavesdropping on my parrents💀
Just get a roth IRA, or not, I'm not a money guy.
Sooo is that before or after they fire you because you live in a "at will" state. If they don't want to spend the money they can legally lie, fire you, then sell that 401k B'S to whomever will buy into that nonsense. Even if they don't, do you really the current inflation will allow/accomodate that? "I'm sorry Thomas, but that's a goof…." Love your content BTW. Also if you caught that reference we can be friends now.