Don't Make These 3 Common 401k Mistakes

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  • Опубликовано: 23 дек 2024

Комментарии • 24

  • @Grace.h-t8o
    @Grace.h-t8o 5 часов назад +5

    Recently retired and unsure if my 401(k) and IRA will provide a stable future. i need an approach that will align with my risk tolerance and financial goals, i set aside $1m to achieve this. Do you suggest i get into stocks or buy a rental property?

    • @Theodorebarba
      @Theodorebarba 5 часов назад +3

      Look up dividend aristocrats. Pick six to ten from that list. Those companies have a track record of 25+ years of paying dividends. Also, it’s advisable you work with a financial advisor to help set up a well-structured portfolio.

    • @Kin-28-8
      @Kin-28-8 5 часов назад +2

      I agree. Based on personal experience working with a financįal advisor, I currently have $2 million in a well-diversified portfolio that has experienced exponential growth from when i started. It's not only about having money to invest in, but you also need to be knowledgeable, persistent, and have strong hands to back it up.

    • @berniceburgos-
      @berniceburgos- 5 часов назад +2

      Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.

    • @Kin-28-8
      @Kin-28-8 5 часов назад +2

      I work with Stacy Lynn Staples as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

  • @NewGuy2024
    @NewGuy2024 22 часа назад +3

    I'm 47 and been maxing that 401k for 24 years with aggressive investments choices.
    My wife followed my lead and she did the same.
    I don't think I'll be working at age 55.
    So I can't wait for age 59.5 when the financial floodgates fully open for us!
    Getting excited about getting old does sound crazy if I am being honest....LOL!

    • @jaquevius
      @jaquevius 18 часов назад

      Pretty much same here except I started in mid 30’s, but my wife and I both maxed Roth 401k and did a backdoor Roth IRA conversion. At 55 I have a lot more than I ever expected, and I just rebalanced from very aggressive to very conservative because the market now has me spooked with my time horizon.

  • @chuck_in_socal
    @chuck_in_socal 18 часов назад +1

    In theory you can move your money out of rhe 401k, but companies can block it.

  • @roggiedale
    @roggiedale 23 часа назад +6

    Roth as much as you can. No debt. Well let's all add little passive income. Not necessary but helps. Learn to say "NO". Enjoy your retirement. You will not need a fraction of the million dollar claims.

  • @wr3add
    @wr3add 17 часов назад

    Ty Azul👍🏻

  • @nakendraperry6264
    @nakendraperry6264 18 часов назад

    Roth 401k or pre-tax dollars?

  • @MidlifeCrisisManagement
    @MidlifeCrisisManagement 17 часов назад

    just here to report the spammers 😉

  • @YaoAnne-j7g
    @YaoAnne-j7g 22 часа назад +1

    !!I am at the beginning of my "investment journey", planning to put 385K into dividend stocks so that I will be making up to 30% annually in dividend returns. any good recommendation on great performing stocks or Crypto will be appreciated..

    • @DerickSams
      @DerickSams 22 часа назад

      As a newbie investor, it’s essential for you to have a mentor to keep you accountable.
      Ruth Ann Tsakonas is my trade analyst, she has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.

    • @fhgfhfhgf
      @fhgfhfhgf 22 часа назад

      I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Adviser Ruth Ann Tsakonas, for her expertise and exposure to different areas of the market..

    • @DerickSams
      @DerickSams 22 часа назад

      I don't really blame people who panic. Lack of
      information can be a big hurdle. I've been
      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
      finances remain secure. So I really don't blame
      people who panic.

    • @YaoAnne-j7g
      @YaoAnne-j7g 22 часа назад

      how would you recommend i enter the crypto market? I am also looking at studying some traders and copying their strategy rather than investing myself and losing money emotionally. What's your take on this approach? and How can i reach her, if you don't mind me asking??

    • @fhgfhfhgf
      @fhgfhfhgf 22 часа назад

      look up her name on the web for her website.