401(k) and IRA 101

In this video, you'll learn everything you need to know about retirement accounts such as 401(k)s, 403(b)s, and IRAs! We cover the difference between Roth and Traditional retirement accounts, when to choose an IRA over a 401(k), what happens to your 401(k) when you leave your company, and much more!

[henryjones]

Through proper financial planning, there are more people achieving financial freedom faster today than ever before and the stock market is the best place.

[smonkey]

I don't understand these complaints. This is simply the best explanation you can get in 5 mins. In some videos, they can't even tell you these are actually 4 separated types.

[davideguerra]

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in out tex deferred savings.

[Ryder.Draconis]

I don't understand how to manage an IRA. I was just on the phone with the investment firm and I guess he was saying that I need to manage my Roth IRA just like I would manage trading stocks on Wall street. What is the best investment option for those who don't have any stock trading ability?

[tomcognilio]

1. 401k till max company match
2. Max out Roth IRA
3. Max out 401k at 19, 000.00
4. Enjoy life

[FinancialOptimization]

If you say robo-advisor one more time...lol

[reginaldhouse]

Damn! That's how 59.5 looks like?? 😕

[IndianOutlaw]

People rarely factor in state income taxes. If you live in a high-income-tax state, and plan to retire to a zero-income-tax state, then a Roth account makes little sense.

[GrowthMindsetProductions]

*My* *strategies* *for* *an* *Early* *Retirement*

1. Replace active income with passive income sources (Real Estate Rentals For Cash Flow)
2. Reduce personal operating cost (Housing costs are typically the largest)
3. Automate income streams (Property management, online businesses)
4. Leave the 9 to 5 =) (Success)

[iraadvantage]

Great job visually explaining the differences between retirement accounts!

[kylekirby]

CVLI not shown here can be a great foundation to start your retirement fund with

[alialmusharea]

how can someone open a Roth account in a different country?

[blackworldtraveler]

Bob wants to invest after college.
I have been saving since 4th grade and investing since 10th grade.

[exaucemayunga]

How about I just save my money in my backyard or something?

[jalvan]

NOBODY WANTS TO SIGN UP FOR ROBO ADVISORS!!!

[clairefrewman]

getting into Investing to create passive income should be every wise man priority. I made my first million from having a diversified portfolio that spread across stocks, grade bonds, coins and etfs also with the help of a full service broker handling my portfolio. smart investing is the key "The best time to start investing is yesterday, the second best is today."

[dinhdung]

The video sound is pretty good, beyond my imagination

[nagamass]

Its nice explanation. Thank you. I have one question. regarding old 401(K), can we move to new 401(K) or traditional IRA account? which is better? their benefits? Thank you.

[louisjmendez]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950, 000 PROFIT within 3months he invested $120, 000. I just began investing and i will really appreciate any tips or helpful guide.

[producer]

Check out off grid trading. Live daily 9am to market close teaching how to earn a steady income trading. Done by a former brokerage owner that has been doing this for 20 years!