401k Explained in 3 Minutes! | How 401k Plans work

401k Explained in 3 Minutes! You probably work at a company with a 401k retirement plan right? does it make sense? how does a 401k work? no?! Ok, this video should clear in up in 3 minutes. yes, its a 401k explained in 3 minutes. #investing #affiliatemarketing #kevinjpineau

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[JakeThornhill]

Great video! Super clear and concise. Can''t wait to check out the rest of this series you're doing!

[gregnicholas]

Thanks man, no useless jargon and clear.

[liveyourlife]

I was told 401k there is fine print that states. Under a disaster or state of emergency the government can take total control of it. Is this true.

[davidcobarruvias]

If I get 1000 before taxes how much goes to 401k ?

[randyization]

do u pay taxes on investments based on the tax bracket your in when you retire? at retirement age u may have dependents or tax shelters?

[smoothpov]

Thanks for the info. Looking forward to the Roth 401K video

[STREETFIYAMIXTAPES]

I wish I knew about 401K before I left my job of 3 years, ooo, I coulda had a nice little egg

[goofyyt]

I thought the only way the government could tax you was if you didn’t wait until you retired to withdraw it.

[juaquiqui-kun]

Wait, this is a really good explanation and all, but what I want to know where the 401k is located/who has access to it? Is the Government the one holding it for you? If it is, then they already using the money.

[DoneDealAC]

You didn’t clarify that the employer also contributes to 401k lmao