401k Scam? #shorts #finance

[Andres_]

I’ve seen those articles too. It’s crazy how some companies take advantage of people who are just trying to save for their future. I always thought my 401k was safe, but now I’m not so sure

[kyleb.]

I think the 401k was a scam to get rid of pensions. A 100% company backed retirement for employee loyalty vs a less than 10% match and they wonder why no one is partial to a company anymore. At least with pensions there was a light at the end of the tunnel for staying with a company. Maybe I'm wrong but it seems to be more beneficial for the corporations

[allenwu]

Moving things around just because you see a higher expense ratio is the worst thing you can possibly do. Don’t take the advice folks. Only the total returns matter. SEC demands advertised total return must be “after fee”.

[jayproulx]

Forget the expense ratio, look at the overall performance of the fund, sure you could pay less in fees for a lower performing fund. I’d rather pay 2% on an ETF that is averaging 12% over 10 years than 0.5% on a fund averaging 4%.

[RelentlessOldMan]

Glad I have an option to buy stocks/ETFs/options in my plan and I finally figured that out. 😂 Great advice, love you channel!

[TheRaiderd]

My gross expense ratio is point .01 percent
And my rate of return is fourteen percent 😂

[snakeonia]

Meanwhile expensive fund returns 3% more than the cheap one leaving you in a worse position.

[ZacharyAuciello]

Owch, ~0.62% is the least expensive fund available in my 401k. Unless I do a money market option. 😛
Oh well, the important part is putting a good amount of money into a 401k fund (like ETF or Mutual) when I can.

[JustAverageJeff]

401k is a scam when pensions used to be the norm.

[bookishindian]

can you do one of these videos for 403B s? 👀👀👀

[tckiefer]

I'm very lucky the fee on my Roth 401k is 0.048%.

[anthonyrozo]

I follow, please we need more videos and educational content like this thank you

[MichaelLight]

They automatically signed me up for the thrift savings plan, and i think i chose the roth IRA option, when I first joined the marine corps. I have no idea how much money is in the account or even how to check it. I figured if i forgot about it, itd just keep growing, as i chucked 4% of every paycheck to the account. Do you know if this plan is any good? Should i go look or just let it be a mystery for awhile longer? This was back in 2014 😅

[rishabhchawla]

What is finance engineer?
A made up profession?

[nadimbenmusa]

For someone who’s in The UK what’s the equivalent of 401k ?

[Teamya-ys]

What if the highest return fund has higher ratio? In the long term, it’s probably the best option for the few options 401K funds they offer… what else can I do? If move from 401K to IRA, the withdrawal age without penalty increase from 59.5 to 72…

[LukeGeis-wwru]

401K is the worst investment engine. You will be lucky if you get to keep half of it's value at maturity, even luckier if you get to keep more than you actually put in. Tax deferred engines are a scam. Put your money into dividends if you don't want to be an active trader.

[ElmarZeinalov-do]

Its basically MLM with hope there always be poeple doing this and companies in SnP500 stay liquid. 😂

[omegabased]

Damn man how the heck do I hire this guy?