How to Maximize Your 401K Investments in 2024

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  • Опубліковано 6 сер 2024
  • What's the best 401k investments in 2024? How do you know which is an actively managed fund and which is an index fund? Let's go over the 401k investment tutorial.
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    ⏰ Table of Contents ⏰
    0:00 Why 401K Important
    4:28 Choosing a Target-Date Fund
    18:50 YNAB
    19:58 Why Index Funds are better
    32:25 Q&A
    36:03 What is the best 401K broker?
    44:55 How long to $1M in 401k?
    58:54 Why 401K Loan is a bad idea
    1:06:46 How should Congress balance its budget?
    1:13:30 Major Changes in 401K starting in 2025 & 2026
    1:21:37 Why you should never miss out on 401K or Roth IRA
    #FIREPsyChat #FinancialIndependence #401k
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    Disclaimer: This video is not in any form of personalized financial advice. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.
    Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.

КОМЕНТАРІ • 9

  • @FIREPsyChat
    @FIREPsyChat  Місяць тому +4

    Timestamps added! Thanks for tuning in!
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  • @PrincessZelda609
    @PrincessZelda609 Місяць тому

    You look absolutely nothing like Brian (Clear Value Tax). Some people tend to feel that all Asians looks the same. 😒 But GREAT video! You've gained a new subscriber. ❤

  • @TARAdactyl56
    @TARAdactyl56 Місяць тому

    This was a great informational video! You covered so much.

  • @cali90723
    @cali90723 Місяць тому

    Is it true it not good to invest in your 401k because once you retire and u start withdrawaling or using that money u will start paying taxes

    • @patricksimon8943
      @patricksimon8943 Місяць тому +1

      Not if you have a Roth 401K.

    • @cali90723
      @cali90723 Місяць тому

      Yes u are still paying taxes it a way to trap u for 30ys so once u turn 63yrs old and start withdrawaling that money u are gonna pay taxes remember they don't tax u for having the money their put once u start pulling the money out u will lol