How Much You Should Save In Your 401K By Age
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Top Comments (10)
I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.
Can you do a video explaining how you live off your 401k in retirement? Dividends, selling shares ect. Id love to hear your explanation. Great content! Liked and followed.
How many magic tricks did you spot? There's a few!
I like that this channel is going back to its root of focusing on investing for regular people
When big names like Warren make moves, markets get shaky. 75% of my $400K portfolio is sinking—should I sell at a loss or hold?
My last day of employment was this past Thursday. No mortgage or a car payment. I have a chunk in savings but I don’t see myself dipping into it because my burn rate is below my streams of income from rentals, 401k, interest from savings and pensions. My only advice is to payoff everything before you retire and carry no obligations.
I’m in my 70’s and watch your channel regularly - love it!
Best advice: start EARLY. The second you start working set aside some of your wage for retirement and continue the habit no matter what. Increase the percentage you save every time you can (you likely get a raise each year). Even someone with a low working wage can have $1million in retirement with diligence and diversification.
"We can all be sad together" 😂really enjoyed your straightforward explanation and the humor!
3:36 I see you with the final fantasy music sneakily in a 401k video, you absolute hero
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Top Comments (10)
I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.
Can you do a video explaining how you live off your 401k in retirement? Dividends, selling shares ect. Id love to hear your explanation. Great content! Liked and followed.
How many magic tricks did you spot? There's a few!
I like that this channel is going back to its root of focusing on investing for regular people
When big names like Warren make moves, markets get shaky. 75% of my $400K portfolio is sinking—should I sell at a loss or hold?
My last day of employment was this past Thursday. No mortgage or a car payment. I have a chunk in savings but I don’t see myself dipping into it because my burn rate is below my streams of income from rentals, 401k, interest from savings and pensions. My only advice is to payoff everything before you retire and carry no obligations.
I’m in my 70’s and watch your channel regularly - love it!
Best advice: start EARLY. The second you start working set aside some of your wage for retirement and continue the habit no matter what. Increase the percentage you save every time you can (you likely get a raise each year). Even someone with a low working wage can have $1million in retirement with diligence and diversification.
"We can all be sad together" 😂really enjoyed your straightforward explanation and the humor!
3:36 I see you with the final fantasy music sneakily in a 401k video, you absolute hero