How Does a 401K Work? [How to Get a 50% Return]

How Does a 401K Work? [How to Get a 50% Return] https://youtu.be/XnF6D2CvogI Investing in a 401k plan is the best return you’ll ever make, if you know how it works. I’ve worked in private wealth management and as an equity analyst and can tell you without a doubt that a 401k retirement plan is one of the best ways to grow your wealth. But there are a lot of misconceptions about how a 401k works and the benefits to investing in a plan. One of the most common questions I get on the channel is around the 401k balance by age and how much to invest. That’s why I wanted to make this video detailing 401k benefits and why I say this is the best investment you’ll ever make. I love picking stocks but you’ll never get the kind of return you will from a 401k plan, not even if your name is Warren Buffett. I’ll answer all the most important questions from, “How does a 401k work?” to how much to put in a 401k and compare the plan against other retirement account options. I’ll cover the Roth IRA vs 401k and vs the traditional IRA. I’ll show you the average 401k balance by age and reveal why you should never take a 401k loan. Want dividend stocks to pay your bills? I just put together a portfolio of dividend-paying companies that will produce cash flow and big returns! Must watch video 👉 https://youtu.be/Rif_AG6RfMs Now I don’t want you to think that the 401k plan is a perfect investment. There are some real disadvantages to most programs as well and I recommend you invest in an IRA and Roth IRA as well. It’s tough to beat that 401k match though, it’s like getting free money to invest. You do need to know how to use all this which is why I created the video. YouTube Community Exclusive: 45% Off my Goals-Based Investing Strategy Course! Huge shift from traditional returns-based strategy of chasing stocks to a strategy designed around your goals – Coupon Code: COMMUNITY https://ift.tt/2PpbICb Invest on a no fee website like M1 Finance and save thousands on commissions. I use M1 for the no-cost and easy automatic investing in my portfolio. https://ift.tt/2HqeQx3 Must Watch Dividend Investing Videos 🤑 5 High Dividend Stocks Ranked https://youtu.be/uf5SZuLIwC8 Dividend Stocks Safe from a Crash https://youtu.be/WHaKQW6PAtk My Top 5 Dividend Picks for 2019 https://youtu.be/jYtoybPyb80 SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://ift.tt/2zsdiOe Free Webinar – Discover how to create a personal investing plan and beat your goals in less than an hour! I’m revealing the Goals-Based Investing Strategy I developed working private wealth management in this free webinar. Step-by-step to everything you need for this simple, stress-free strategy. Reserve your spot now! https://ift.tt/2TbmwcK Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Let's Talk Money! with Joseph Hogue, CFA