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

Im 65 and retiring before 67 can i withdraw my roth 401k money without any penalty?

How do you figure out where all your old 401k are at I know I have some from previous jobs but have no idea how to receive and transfer that money to my current employer

Yay maxed my 401k and Roth this year at 25!

Might be good to discuss The Rule of 55 and why it may not be good to rollover your 401K. Great video!

How about the % tax they want to keep when you want to take your money out when you retire? Curious how much we will have to end losing for that when that time comes...

The long-term risk of not investing far outweighs your current risk tolerance

I get 100% match of 6% of my pay! I do not put in more money than that towards my retirement account!

Watch the fees??

For young folks under 60, 50% tax-deferred 401k and 50% Roth 401k, if the Roth is available in your plan. If not, 100% in the tax-deferred 401k until you retire.

People should.not leave the 401k with the former employer because the account will need the employer to sign off to release the account when needed. In the event of the employer filing chapter 11; the account will be locked up with the DOL for sometime.

Almost all 401k on large cap, no regret.

Is it better to put 401k to balance fund than income fund or bond if retirement is approching?

I left my job. Cashed out the 401k and paid off my house. Now starting over again contributing at 30. Got many years to get the balance back up

You're 100% right, my friend. You are sharing the truth with your viewers. Bless you!!

Do you offer individual financial planning advice

"Refuses to give generic advice" - Then proceeds to offer generic advice...

I’m 33 an started with my 401k 2 years ago and I already have 20k I put 6 percent and the company matches me with a 9 percent 😊

I put 100% of my 401k on large cap fund NasDaq. This index never goes negative for me. 90% of my Roth IRA goes to the mag 7, 10% goes to Bitcoin related stocks. So far my Roth beats my 401k and they both grow well in the last 20 years. All my personal investment go to Bitcoin and my personal investment beats both the Roth and 401k.

I have 75 percent in s&p 500

Im 21 years and I want to invest on my 401k and I loved this video, I still have some questions regarding 401k overall.

You are the man

Super clear!

Si podrías hacer un video acerca de invertir en Bitcoin te lo agradecería.

Thanks for the 401k information!

My financial goal: To accumulate as much money as possible.

How do you guys feel about empower retirement????

Im 28, just got out the army, i missed so many opportunities to maximize my income😭😭 IF YOU ARE IN YOUR EARLY 20s pleaaseeee Take this video to heart. It is very important

Im 43 lots of student debt
In the multiple six figures. Should i focus on paying it off or use that money which is 10 percent of my income to fund retirement? I have nothing in retirement. Help

I’ve been investing 15% on my paycheck since I was 25. Hoping to retire at 50

That’s crazy. I’m on the average

I speculate high risk stocks in my 401k and it’s worked out so far. However. I don’t recommend if you can’t fathom starting over

Start as SOON as possible and DONT touch it until you retire.

Don't do 401k it's a rip off you better invest yourself cause if you have emergency then 401k don't care about you and you can't access your funds

Roth is better. It’s pretaxed. So when taxes cost more in the future, you’ll pay more on that 401 than I will on the Roth.

Great advice

Yup as soon as possible

I think it would be better to borrow money from 401k instead of the bank because you still get the interest you pay if you paid off your loan. The only issue is that the amount you borrowed will not grow for the time being.

Old 401k option 3 has clear downsides my friend - if you make too much you can’t backdoor Roth contribute - pro rata is real

401k funds go into an S&P 500 low cost fund. Period.

I wish I have watched this in my 20's lol

Never do Bonds. this aint the 1980's

100% S&P 500 or total market index until you are 40

Well explain thank you for bringing up this video, Financial education is indeed required for more than 80% of the society in the country as very few are literate on the subject. Regardless of how bad in the economy I still make 130k from my Investment of 67k I'm especially grateful to Miss Harriet Cohen for keeping for her helpful guide.

First sign of sales " I want to help you" another ways eventually i will ask for something in return. don't waiste your time

Something everyone never talks about is that nothing of this matters if you dont live past 60.

Amazing video, tks

I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation

"I'm not gonna give generic advice" - proceeds to give you generic advice