They are LYING to you about your 401k plan, this is better | Morris Invest

The old way of investing is broken. Gone are the days of setting up a 401k & pension plan for a comfortable retirement. And relying on social security? Forget about it. More and more people just like you are realizing the traditional way of investing is broken and it just isn’t adding up to the goals they want to achieve. Today I'm sharing why using a 401k won't help you build wealth, and what to do instead.

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Let's be honest: the old way of investing isn't serving anyone. Gone are the days of setting up a 401k & pension plan for a comfortable retirement. And relying on social security? Forget about it. The old system is broken.

More and more people just like you are realizing the traditional way of investing is broken and it just isn’t adding up to the goals they want to achieve.

Ask yourself: are your savings and retirement dollars safe from the volatile and unpredictable stock market that can crash at anytime? Is your money growing in value sitting in your savings account?

The sad truth is that sticking to current systems like investing in stocks, bonds, IRA and 401k wont allow you to make enough money to retire or create the wealth you want for your family.

Since 1974 the most wealthy in the country have taken advantage of a little-known strategy: combining real estate with a self-directed IRA.

A self-directed individual retirement account is a more flexible version of a traditional IRA. A self-directed IRA, or SDIRA, allows many more investment types than a traditional retirement plan. A SDIRA provides the investor with more control over their investment vehicles, and is not restricted to the standard IRA investments such as stock, bonds, and mutual funds.

When you invest inside of a self-directed IRA, you will have control over your investment decisions. There’s no company or broker telling you what to buy.

But even if a self-directed IRA isn't right for your your situation, you can still build wealth and plan for retirement by buying performing assets. Real estate investors use their retirement dollars and financing to leverage. Real estate investing is the ultimate way to build wealth without relying on old, broken systems. It's about empowering yourself and building a new paradigm for your family.

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#morrisinvest #claytonmorris #401k

About Clayton Morris:
As a financial news host and real estate investor, Clayton Morris believes that everyone has the right and the ability to achieve financial freedom – and works to help others to know how to do so. Clayton founded Morris Invest that builds portfolios for their clients and guides them through the buying process, ensuring cash-flowing investments. In his podcast, Investing in Real Estate with Clayton Morris, he offers specific and actionable ways to have financial security and to build a meaningful life. Clayton Morris co-hosts Redacted with his wife, Natali, bringing you news you won’t hear on major networks.

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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

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[HectorSnipes]

It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

[dlwm]

i am about to retire at 56, with about $2, 000, 000 in my 401k and IRA. all index funds. worked well for me

[MIchaelGuzman]

I am currently working abroad, but I will be returning to my home country in the near future. I am a landlord. I invested in a property at the age of 22. The value has skyrocketed and is being rented. I will live off the rental income I receive and live with my elderly parents for the time being. At 60 I can withdraw from my retirement (401(k)). Have savings and be eligible for an Australian pension at age 63. In the future, I may downsize, sell the property and buy a cheaper property and add the money left over from the sale to savings. Lots of options for me. The way I see it, if you have a million dollars at any point, it would be enough to build a portfolio that would pay you between 50, 000 and 70, 000 in dividend income.

[Billy]

Isn’t 401k like 6% of your check and you’re “supposed” to invest 20% all together for retirement ???

[dennish]

Well funded a 401k 30 years ago for 5 years then stop after leaving the company. That 20k turned into 250k today. I think that is good. At 56 I hit my #. Still working and spend, invest and give!

[PotBellyPete]

I wonder if people that experienced the 2008 crash had it easier because. my portfolio has lost over $27000 and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve

[MH-ggfz]

Dude, I’ve got 2 mil and I still have 10 years till I’m 65. What are you talking about?

[ccmusic]

It all depends on your goals and what you're comfortable with. 401ks work well but consistency is key. Many people are not consistent investors.

[reversemoustachecat]

I think the 401k average mentioned Morris of $90k reflects that people switch jobs over time. One American typically owns multiple 401ks by retirement or would have all of them converted to IRAs after leaving each job (excluding their current job) which skews the average for 401k. Just a note

[JJJobson]

I put 10, 500 in my 401k last year. Weekly match is 50% on the first 6%. My discretionary match was over 8k. So with my weekly and discretionary, my employer actually invested more than I did. I am a truck driver, do not work white collar jobs. I’m good with my Roth 401k the markets always crash and always will. If they do ever crash to zero, No real estate, gold or whatever is going to matter. I guess you can invest in cattle, chickens and farmland lol

[BW-kvwj]

My 401K helped me out tremendously throughout the years. It lowered my taxable income each year.

[joannemeeks]

Hold on--people don't retire with much in their 401K if they have tapped the funds, or contributed very little, or not contributed consistently. Remember, a 100% company match will add a considerable amount over an entire working lifetime

[drexbargas]

Major point to consider with your 401k is to be aware of the fees! They call this the Expense Ratio. Be a wise, educated investor whether it’s RE, 401K, IRA, etc.

[PurvisTwiggs]

401ks have gone bust. its no longer news. To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent or relocate?

[Alphahydro]

I've worked for a company close to 20 years that offer 401k and never invested in their plan due to the lack of flexibility and control, and only being able to select fron their offerings. I have my own portfolio I've been growing for close to a decade and have well above the average 401k plan, comfortably into 6 digits.

[chrisc]

I actually invest in real rental property and also invest in a 401k.. I think you are making the 401k out to be far worse then it truly is Clayton. REITS are a great way to invest in Real Estate if you don't want to be a traditional Landlord which is a lot more hands on. Most people aren't consistent in investing which is why they don't have enough money come retirement. There are pros and cons to investing in a 401k as well as Real Estate. Getting the tax deduction on your 401k can be a nice boost helping you reduce your taxable income. Real estate is great as you can have a actual gain while showing a loss on paper but again it is not for everybody and with rates where they are at today it is a lot more challenging to generate cashflow through rental properties. I'm not saying one is better then the other they are two different things and should nott be compared IMO. Which is why I do both! Happy investing!!

[edcar]

The 401k worked out great for me. No complaints. Living well and secure. You just have to do it and stick with it. Any investment you keep taking your money out of will not grow as it should. The 401k is a great investment if you do it right.

[curiosoneee]

Does not matter how one does it, but each one must take control and responsibility !

[nd]

This video didn’t mention that most people do not understand how to manage their retirement portfolios and should invest in finance education BEFORE they move their money around. Start with that for 2 years. Then decide how much work each day you want to dedicate to managing money.

[elvdell]

Unfortunately, 401k is a plan that the government stuck the middle class with, with little other choice when they made it easy for companies to get rid of pensions. You nailed 100% exactly what is so worrisome about the US system of retirement planning. I've saved my whole life via 401k, and now I'm close to retirement, and low and behold the stock market is down and I've watched my savings dwindle. Although it will bounce back, it highlights the point that this could happen anytime, and there could be a situation where it happens for an extended period of time. We have been royally screwed. All of these investment schemes seem risky at best. Even if you have control of where you invest it, you are still at the mercy of the markets available to you. For example, real estate has also taken downturns throughout history. Crypto currency... downturns. This is interesting for sure but man I wish the government hadn't allowed companies to do away with pensions.