Why Your 401(k) Won’t Be Enough for Retirement—And What to Do About It
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Top Comments (10)
If your 401K isn’t enough then 90% of Americans are screwed.
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.
Glad as a city garbage man I have a pension still.
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!
I'm trying to decide which Bridge I'm going to live under....Probably somewhere down south where it's warmer....
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!!!!)
The new retirement outlook looks like a stool that's in the toilet!!
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
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!
At the age around in between 50 to 60 your kids will take over where you stop like saving and investing money
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Top Comments (10)
If your 401K isn’t enough then 90% of Americans are screwed.
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.
Glad as a city garbage man I have a pension still.
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!
I'm trying to decide which Bridge I'm going to live under....Probably somewhere down south where it's warmer....
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!!!!)
The new retirement outlook looks like a stool that's in the toilet!!
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
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!
At the age around in between 50 to 60 your kids will take over where you stop like saving and investing money