What is a 401k | Should I get a 401k | RLF Power Couple

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  • Опубликовано: 19 окт 2024

Комментарии • 42

  • @created2inspire403
    @created2inspire403 3 года назад

    This video is so helpful. I learned something and this would have been sooo beneficial when I started in the workforce. Thanks for sharing this knowledge.

  • @mommytradertube
    @mommytradertube 3 года назад

    Hey..new subbie! I just posted about the fact about paying yourself first. And I LOVE getting the match..just FREE money! And an HSA is also Great! Great video! Xoxoxo-Mommy_Trader

  • @theawazitv
    @theawazitv 3 года назад

    This is such a great topic, I've actually learnt a lot. I wish Nigeria has such an organised financial system.
    P.s your family is so beautiful, God bless you guys.

  • @TheLongRunwithJoelandChristy
    @TheLongRunwithJoelandChristy 3 года назад +1

    Great topic, guys. Girl, that is a great wig... I had no idea that you wearing one. 🤩

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад +1

      😂😂😂 That’s the goal with my wigs.

  • @TheAmadasuns
    @TheAmadasuns 3 года назад

    Definitely sharing this with my family in the US. This is really good to know... I actually came here to actually watch Samuel take off the wig again🤣🤣🤣. But I’m glad I learnt something 💕❤️

  • @Jasminesbeautyroom
    @Jasminesbeautyroom 3 года назад

    This is such an important topic! My godmother taught me about a 401k and it’s some of the best advice I was ever given!

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад

      That's awesome. We hope to be able to be like a godmother figure to other that might have been like us with no guidance whatsoever.

  • @debtmenot3928
    @debtmenot3928 3 года назад

    This was very helpful you guys! I really like that we can invest in pre-tax and Roth 401ks at our employer. The match is a great benefit as well. Thanks for sharing:) -Britt

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад +1

      Great to hear! We absolutely love our match!

  • @antoniojakes2870
    @antoniojakes2870 3 года назад

    This is great and so important for people to know!

  • @goldenrootz
    @goldenrootz 3 года назад

    Wow this is quite helpful thank you

  • @laidbackluxe808
    @laidbackluxe808 3 года назад

    Such a great topic and great that you guys are discussing it together as a couple 💑

  • @amakaglorious9768
    @amakaglorious9768 3 года назад

    Amazing 👏
    Thanks for sharing

  • @stepclosertosuccess996
    @stepclosertosuccess996 3 года назад

    Thank you for sharing!

  • @Tushana
    @Tushana 3 года назад

    Yes!!! We needed this video 💕💕

  • @itsShelbyE
    @itsShelbyE 3 года назад

    401k is a great thing to have! the younger the better!

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад +1

      Yes! Wish we were more aware of this earlier in life

  • @markjou9799
    @markjou9799 3 года назад

    Its good to have a pre tax 401k as well. When I was in my late 20's I didn't work for 3 years and I was able to withdraw money from a previous traditional 401k tax and penalty free. It was tax free just because my income was soo low. Also @ 4:22 I cant find anything about the 2021 Max contribution being 19,650. I still think its 19,500.

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад

      Thats awesome! Having a 401k can definitely help when things don't go as planned. It is still $19500. I think we were getting a little ahead of ourselves there.

  • @JoyEro1
    @JoyEro1 3 года назад

    awesome ..very well explained...weldonr

  • @lizgetsloaded9140
    @lizgetsloaded9140 3 года назад

    That’s so funny to think about what you knew about your 401k starting out. I knew nothing, just it’s a thing you have to put money into if you want to retire. You’re supposed to use it if you want to be a real adult. 😂

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад

      😂😂😂. This pretty much sums up most people!

  • @doyinsolaoloyinde3368
    @doyinsolaoloyinde3368 3 года назад

    You backed your baby 😍😍

  • @BurstJones
    @BurstJones 3 года назад

    I had to pull my 401k year's ago 😂😩 boy I regret it now.

  • @doyinafolabi5525
    @doyinafolabi5525 3 года назад

    Sammy is too cute

  • @Nellyouattara
    @Nellyouattara 3 года назад

    And putting money in your 401k does not stop you from also saving money in a regular bank account for emergencies.

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад

      Thats very true. Emergency fund is the first step and then everything else follows.

  • @ItsMyTalkwithIngridRizzolo
    @ItsMyTalkwithIngridRizzolo 3 года назад

    That is what I don’t like about 401ks; in the end you have to pay taxes on it

    • @RLFPowerCouple
      @RLFPowerCouple  3 года назад

      That’s very true but at least the money grows tax free giving you more growth. Strategically taking the money out will reduce the tax burden.