How to Use a 401K Properly to Retire Faster (Do This Now!)

Join this channel to support us by being a member:

The best way to support our channel is to share this video on your social media to spread awareness. We appreciate the support!

This is our TurboTax Link for your tax preparation needs:

ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Thank you for your support!

Legal Disclosure: I’m not a financial advisor. The information contained in this video is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases I show on video should not be considered “investment recommendations”. I shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what I do. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

[abrahamguitar]

Well, if you're in your 20s and looking at this topic, you're probably already on the correct financial path.

[javiero]

I’m 29.

Been contributing 10% of my checks to 401k since I was 18 years old.

The company I work for matches 4.5%

All I can say that I’m proud of my self.

[raze]

Just turned 40 and regret not putting more into my 401k in my 20s

[lovelyweather]

I’m 29 and barely learning how to properly use my 401k. I’m proud of yall who did it since the beginning. Now it’s my turn

[LiamThompson-cvxy]

My portfolio does not just cater for dividend stock, I hold $VFIAX in my Roth IRA and $VTI ( total stock market ETF) in my taxable brokerage account, two of my largest holdings. The individual dividend stock position all compliments the index holdings.

[-MakeItGood-]

Take the free money early and often. Put it in s&p 500 index and forget about it.

[sdlausen]

This video should be shown in EVERY highschool classroom.

[rikiiricardog]

I started contributing to my 401k at 30. Will be 32 this year. I’m fortunate enough to be able to contribute 20% of my paycheck each pay day with an employer match of max 6% of my yearly annual income. I have it set to one of those retirement date funds where it spreads it out for you based on your age. Maybe not the best but I’m not an expert at picking funds. I do wish I started in my twenties even if it was just $100. If you’re reading this and in your twenties start now. Your older self will thank you. PLEASE.

[rhondavigil]

Early retirees at 52 and 55.
Maxed out pre-tax 401k for years. No match.
Keeping lifestyle creep in check is critical to be able to max out your investments.
We retired using the rule of 55.
Continue educating yourself to maximize your savings and investments.
Anyone can do it. We are just ordinary, everyday people.

[frankw]

I'm very fortunate to work for a company that actually cares about our financial future.... our owner's philosophy is that when you walk out the door, he wants you to do so as a millionaire. Not only does he match 100% up to 6%, as an incentive, he also has a progressive scale of profit sharing... the more you contribute above the match, the greater the additional amount he will contribute annually, plus the financial institution's money managers are available to us for answering questions with no additional charge to our accounts.

[hasiburbijoy]

You’re saving my tons of financial advisors money straight from my pocket and i’m really blessed to live in these worlds where peoples like you still trying their best to help peoples in the most complicated topic in the world “managing money”

[ronmusopole]

Thank you Brian, you are such a blessing to many!!!

[isagoldfield]

I worked for 16yrs. with the major airline & left to take care of my 2children & my 401K has been growing.

[reginakrauser]

Couldn't get any clearer than that! Thank you Brian!

[AQCE]

Great video, I’m 29 I got 160K in my 401K

[albertlopez]

I started in my late 20’s and regret not starting much earlier. There’s always extra money to put aside even if it’s 1-3%. Start early and you won’t regret it.

[Pastymeathead]

Gen Z listen up. Start as early as possible with your first job. Even if it’s just a small amount, COMPOUND INTEREST will help you in the long run. When you’re older, you’re gonna start seeing all your friends dumping as much money as possible into their 401k to catch up so they have some retirement. Meanwhile, you’re not going to have to do that as long as you have consistency starting from a young age

[kristy]

🙌🏽….Thank you. I need this information. I appreciate you so much.

[saymackalc]

Will be turning 33 soon. And iv recently started 401k last year maxing out company max. Now i understand that alot of people dont do it sooner, because like me in my 20s i didnt have extra to put aside. But whenever you can, do it. This isnt to say live for your retirement. But it is nice to have somthing to fall back on in your later years

[tomyhadera]

I Always praise the day I subscribed to your channel. Thanks you