The WORST Investment For Your 401k or IRA || AVOID THIS
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- Опубліковано 12 бер 2024
- The WORST Investment For Your 401k or IRA || AVOID THIS
In this eye-opening video, we delve into one of the most commonly misunderstood investments for retirement accounts: Target Date Funds.
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While they might seem like a convenient option for set-it-and-forget-it investing, the truth is far more sinister. Join us as we uncover the hidden dangers and pitfalls of relying on Target Date Funds for your 401k or IRA in retirement.
From exorbitant fees to lackluster investment performance, we'll dissect why Target Date Funds could be sabotaging your retirement savings without you even realizing it.
We'll explore alternative investment strategies that offer greater control, transparency, and potential for growth, empowering you to make informed decisions about your retirement future.
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Pearl Wealth Group
Drew Blackston, CRC® & RFC®
Office: 813-807-5060
Info@pearlwealthgroup.com
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Getting you to Retirement, through Retirement, & protecting YOUR ability to stay in Retirement!
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I agree with this. I move out if these when companies put me in them. Lower fees and higher returns when getting out of them
Yes!!
Unfortunately I learned this a decade late. Not sure what to do with the funds instead.
We can talk about that!
An explanation would have been nice
High fees and total return is nominal compared to a basket of index funds. Thanks for watching!
He never tells us why target date funds are so bad. Not someone who can be relied on.
Here you go John: ua-cam.com/users/live_-GikinX6gg
@@yourfinancialekg OK, I agree that the S&P 500 Index Fund is a better route to go than the target date fund. I was surprised to see the target date fund fees as high as they are.
Totally agree with you Drew.
Thanks Todd!
Absolutely agree with Drew. It is set and regret😢😢
Yes!
Yes!
They are horrible, they constantly under perform.
Exactly!
Drew said it. Don't forget it.
LOL
Totally agree Drew , we had a half dozen of these available to us and never once did we put a single dollar into them …
Thanks for sharing!
Please explain why they are bad. I laddered into them, I.e 20% 2025, 20% 2030, 20% 2040 etc.
Fees are higher and the performance of the funds are not comparable to a basket of index funds linked to your risk tolerance
@@yourfinancialekg definitely a little more expensive
My vanguard target date .09
My S&P 500 is .04
Why do the companies push them so hard?
Legal issues
Bingo
@@johngill2853 What legal issues? Just trying to stay informed. LOL!
@@christams8863 fiduciary standard/ proper diversification/appropriate investment
Being diversified and suitable investment
Agreed
Thanks for watching!
Can you please elaborate as to why you're saying this? I have one of these (TRRJX) in my 457 plan and it seems to do fine. I don't understand why you're saying that this is the worst thing that I can have in my 457 plan?
TRRJX: expense ratio is .59 and current YTD return is 3.5%. Market return is 7.8%. If you are 11 years out from retirement, the 2035 is not allowing you the kind of growth you need for a 11 year window. Underperformance is a big problem with TDF's. A comparable basket of index funds would have lower fees and closer return to where you are in your working cycle. Good question!
Recent bias
They have international diversification and that hasn't worked out for the last 10 years. If you would have went back 12 years you would have been happy.
Thanks for clarifying John!
Drew, long time follower here… just curious as to why you say it’s the worst? Basing off performance and RoR? Just curious to know why.
Fees and ROR is not consistent with the time horizon of the funds
'They're the worst investment because I said so'? Lame video, Drew. I've recommended target date funds as an option for people in 401k's who have zero interest in understanding investing.
Not lame. Why would you recommend them? Why not just a simple S&P fund?