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Been crazy busy most of the day but scrolling through I’ve seen a lot of hate for 401K today
Rightly so when you fully investigate
When you contribute to your 401K you are basically an investor but your growth is taxed at ordinary income not capital gains
Might be a thread
Rightly so when you fully investigate
When you contribute to your 401K you are basically an investor but your growth is taxed at ordinary income not capital gains
Might be a thread
You take investor risk but you aren’t treated like one in the tax code
401K never had the worker in mind when it was created. It was a way for companies to move away from pensions and place all the liability back on the employee plus put you on autopilot as a purchaser of funds
401K never had the worker in mind when it was created. It was a way for companies to move away from pensions and place all the liability back on the employee plus put you on autopilot as a purchaser of funds
Of the $7.5 Trillion in funds—
Vanguard manages $1.2 Trillion
According to their 2018 report:
Of people ages 45-54 the average 401K balance is $130K
In the grand scheme of things; is that winning?
I’m pulling the curtain back and showing people how to take control and win
Vanguard manages $1.2 Trillion
According to their 2018 report:
Of people ages 45-54 the average 401K balance is $130K
In the grand scheme of things; is that winning?
I’m pulling the curtain back and showing people how to take control and win
Most people don’t even know why it’s called a 401K
401K is the tax code
Study your 401K
Understand what FBO means (For Benefit Of)
“Your” 401K is actually an IOU
They owe you that money
401K is the tax code
Study your 401K
Understand what FBO means (For Benefit Of)
“Your” 401K is actually an IOU
They owe you that money
In 2008 when everyone’s 401K tanked; companies responsible for the meltdown had to be bailed out by who?
The tax payer
The tax payer
If most people are broke—
Why do most people do what most people do?
I wish y’all understood how much freedom there is outside this system you’ve been taught
You have options just listen to me
Why do most people do what most people do?
I wish y’all understood how much freedom there is outside this system you’ve been taught
You have options just listen to me
At one time you had to opt-in to participate in a company 401K plan. Now you have to opt-out
The market is at all time highs so shouldn’t 401k balances be through the roof?
Guess what
The retirement dream you’ve been sold is a lie
The market is at all time highs so shouldn’t 401k balances be through the roof?
Guess what
The retirement dream you’ve been sold is a lie
Here’s a comment I made to @CoachJoeHart today
Let’s be business partners:
You put up all the money and I’ll decide how and when it’s used
At any time I decide new rules for when you actually get paid
If you decide to sell your share; it’s going to cost you a premium
= 401K
Let’s be business partners:
You put up all the money and I’ll decide how and when it’s used
At any time I decide new rules for when you actually get paid
If you decide to sell your share; it’s going to cost you a premium
= 401K
I get a lot of questions from clients about borrowing from their 401K. This article will help you make some informed decisions. If you ever have any questions feel free to reach out to me
https://www.marketwatch.com/amp/story/guid/D0BAA89E-0A0A-11E5-AD37-6116FD054D8E?__twitter_impression=true
https://www.marketwatch.com/amp/story/guid/D0BAA89E-0A0A-11E5-AD37-6116FD054D8E?__twitter_impression=true
