Navigate Select ESC Close

Why Your 401(k) Won’t Be Enough for Retirement—And What to Do About It

2024-10-22 Education
32.2k
1.3k
141
Minority Mindset
Minority Mindset
2.5m subscribers

Unlock all features

FREE: Get instant access to 10 AI summaries, chats, or transcripts per day.

Description

Get a free consultation with Money Pickle*: https://moneypickle.go2cloud.org/aff_c?offer_id=10&aff_id=1059 *This is an advertisement. Minority Mindset is a paid partner with Money Pickle. Subscribe to Market Briefs for FREE and get my daily financial newsletter: https://link.briefs.co/46E8fuB My recommended tools*! *Please note: Yes, these are our sponsors & advertisers. However, these are companies that I trust and use (or have used). The compensation doesn't affect my recommendations or advice. That being said, you should always do your own research & never blindly listen to a random guy on YouTube. ---------- ➤ Get A FREE Consultation With A Financial Advisor 1) 💰 Money Pickle - Best for $100,000 - $3M+ In assets: https://theminoritymindset.com/advisor ---------- ➤ Life Insurance 2) 🛡 Policygenius - Get a free life insurance quote: https://theminoritymindset.com/policygenius ---------- ➤ Real Estate Investing Online 3) 🏠 Fundrise - Invest in real estate with as little as $10! https://theminoritymindset.com/fundrise ---------- ➤ Invest In Stocks Passively 4) 📈 M1 Finance - Buy stocks & ETFs on autopilot: https://theminoritymindset.com/m1 ---------- ➤ Buy Gold Passively 5) 👑 Vaulted - Buy physical gold on autopilot: https://theminoritymindset.com/yt/vaulted ---------- ➤ Business Accounting 6) 💸 CommonWealth - Does your business do over $250k/year? If yes, get a free consultation from my partner accounting firm: https://theminoritymindset.com/yt/accounting ---------- Recommended: How To Build Generational Wealth Without A Big Salary https://youtu.be/w8XIbQsDK0s?si=AQeYkFQV7M6soXD4 What Is The Minority Mindset? "The Minority Mindset has nothing to do with the way you look. It's the mindset of thinking differently than the majority of people" ~Jaspreet Singh Follow me: Instagram: https://www.Instagram.com/MinorityMindset Website: https://www.TheMinorityMindset.com Want More 🥑🥑? Minority Mindset Clips: https://www.youtube.com/minoritymindsetclips Minority Mindset En Español: https://www.youtube.com/minoritymindsetenespanol Video host: Jaspreet Singh DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you. DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Top Comments (10)

@chrisr3927 2024-10-22

If your 401K isn’t enough then 90% of Americans are screwed.

82 13 replies
@Zeph_918 2024-10-22

Respectfully disagree. A 401k or IRA...or both is all you need to retire comfortably. BUT most are not putting enough into it, and that's the problem.

38 7 replies
@themurph3995 2024-10-22

Glad as a city garbage man I have a pension still.

26 1 replies
@ahmaanhunt 2024-10-22

This vlog is WILD! I literally just checked my Roth and 401k, and because of inflation, it says I need to contribute more to retire comfortably. I just opened a third retirement fund, because I'm not counting on social security. Thanks!

19 3 replies
@kwebber9248 2024-10-22

I'm trying to decide which Bridge I'm going to live under....Probably somewhere down south where it's warmer....

19 1 replies
@saritamoorebansa4485 2024-10-22

I remember when I read about 401k in Black Enterprise magazine. My dad , who was a letter carrier for 40 years and received a healthy pension, warned me in ~ 1990 that 401k accounts were not good as a pension and I had better save “ outside “ work too. ( really glad I listened….now I understand!!!!)

12 1 replies
@joeyvitamins 2024-10-22

The new retirement outlook looks like a stool that's in the toilet!!

8
@nightfangs2910 2024-10-22

Very few companies offer the ROTH 401K, only the traditional 401K and even with the Roth you pay the pre tax on your contributions, but the company still pays their matching contributions post tax at your retirement

7
@MinorityMindset 2024-10-22

Join Market Briefs for FREE and get my daily financial newsletter: https://briefs.finance/bf396d WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!

6 1 replies
@DominionAnako-bb7ry 2024-10-23

At the age around in between 50 to 60 your kids will take over where you stop like saving and investing money

2

Unlock the Data Inside
Turn Videos into Knowledge

  • Get FREE 10/day: transcripts, summaries, chats
  • Chat with videos, export text & PDF
  • $1 free API credit for RAG, chatbots & research

Free forever plan • All features unlocked

App screenshot