Why 401k's are a SCAM

Why 401k's are a SCAM

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0:00 Intro

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VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY:

How To Properly Structure A Whole Life Policy

Indexed Universal Life vs Whole Life - Which is Better

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🤔 ABOUT LIFE180 😃
Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted with the financial industry because of the lack of education provided to clients and how "financial advisors" were really just glorified sales people.

So... LIFE180 was launched to help give relevant financial education for people to create wealth. Along the journey, LIFE180 has evolved. Chris quickly realized he was passionate about not just helping entrepreneurs on how to leverage their money, but how to build their businesses.

Over the past 5 years, Chris has spent thousands of hours mastering the art of online business development for himself and clients. In 2020, LIFE180 morphed into a full service online business launch and development agency. If you need any help creating more revenue or generating more leads online, LIFE180 can help.

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*All content in this video is for educational purposes only and is not to be interpreted as personal financial advice.

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[FizBich]

All the hate on a 401k is madness. I have 5% employer match, and I check it every now in then…. Shits stacking up quick!

401K shouldn’t be your only investment, but it’s nice to pay less in taxes every year too.

[alisonwalker]

Thanks for your insight. This 2023 is full of great accomplishments, the only thing we need to do is start taking steps to achieving our different goals. I tried real estate last year, it didn't go as planned. I want to start all over and also begin my retirement, but this time I won't go in all by myself. I just want to increase my income source. You should do same just to be financially safe.

[aarodful]

Don't listen to this guy. All a 401k is, is an avenue to invest with tax advantages. You don't lose control of your money. You can invest it in tons of ways inside a 401k and pay less taxes than investing anywhere else. You shouldn't dump all your money in so you can keep some liquidity, but if you want to retire and you want to invest in stocks at all, you 100% should use a 401k.

And stop getting financial advice from tik tok any youtube shorts

[admiralmurat]

Probably a "Financial Advisor" that will tell you life insurance is an "Investment"

[Parabolic_P]

401k’s are exit liquidity for the rich, let that sink in

[streetrat]

Roth 401k’s with a company match over 5% is a no-brainer. Maybe we don’t want control over that money. It’s a little safety net for later, nothing more. Maybe we have individual brokerage accounts also to trade stocks or crypto. Ever thought of that dummy?

[dlwm]

i have made several millions in my 401k

[AaronBruffett]

99% of Actual financial experts disagree with you.

[lovehopefaith]

How can the stock market take money out of my 401k without my permission plus I never invested in the stock market in my life ? I lose 10, 000 in 10 months? How?

[irietropicals]

What about employers that match up to 5% or 6% what you put into a 401k?

[ericmann]

I dunno a 401k kinda feels like insurance

[FastAligator]

Dave Ramsey would like to have a word with you 😂😂😂😂