What RICH PEOPLE Know About 401k’s That YOU DON’T ?

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Title	:	What RICH PEOPLE Know About 401k’s That YOU DON’T ?
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Has this guy never heard of a Roth 401k?
Comment from : PhilosopherKing1592

Roth 401k if your company allows it
Comment from : Cynical1800

Just get a Roth IRA
Comment from : Rick Something

So just pay insurance premiums for the rest of your life
Comment from : Leo Quin

Ever heard of a ROTH 401(k)????
Comment from : Lars Petersen

So do a 401k and ira not to hard to figure it out buddy
Comment from : Sergio Santana

LMAO Insurance???? hhahaha shark
Comment from : ehawk30

Great advice
Comment from : Aayiah aka LadyLuck

No, put it in a Roth IRA
Comment from : Shari Jackson

😂😂😂 life insurance? 50-60 tax? What a joke
Comment from : Holden Mizack

Listen to Dave Ramsey this is all crap
Comment from : Cristian Garcia

1 wordroth
Comment from : Arron Dolan Manna

Life insurance? Please…horrible investment I have a few investments and my life insurance isn’t one of them
Comment from : Roger Chou

Rich people do not have a 401(k) They know shit about that!
Comment from : lj291261

How about a Roth IRA that’s taxes when you make the contribution and tax free when you take it out? Sounds a lot better than life insurance
Comment from : Kxnetxc

Taxes are outta hand
Comment from : Samson

Or (Roth IRA)XRP and BITCOIN at itrust Capital
Comment from : dale ferguson

That’s why Roth 401K exist Traditional 401Ks are good if you think taxes will be lower when you retire Roths are good for when you think taxes will be higher
Comment from : The Bridge Masters

Only 35 of UNITED STATES MAKES 100K A YEAR MOST MAKE 35K
Comment from : Boutique Bitcoin

Whole life lol 💩
Comment from : Joshua Ryan

This makes the assumption that you are contributing to a traditional 401k and not contributing to a Roth which would be funded with post-tax dollars and therefore withdrawn at retirement age tax-free Friends, do your own research and don’t listen to this crap
Comment from : jwbuckalew

Roth 401k and roth ira exist: surprised Pikachu
Comment from : Jonathon Voegtli

I've never had any of that stuff what does savings mean 😅I've been check to check since I was 15 which was a long time ago
Comment from : Frank M

Well yes the tax rate might increase but so does the space between the bracket where you can potentially pull out 40k a year 20-30-40 years into the future and it’s in the lowest bracket
Comment from : Scott M

Or invest in 401K after tax which becomes a Roth IRA
Comment from : Oz

SLOB SALESPERSON FINANCIAL CRIMINAL Why do people like this guy do this? Incredible
Comment from : Brant Vogt

Roth 401k with s&p 500 at like 90 💵💵🚀
Comment from : Potato_sB

This person is pretending they didn't know 401ks were BS AND he's insisting on pretending there is still a thing called retirement EAT THE RICH
Comment from : Sugar&Cider

I got a 401k an i only do 2
Comment from : Skyxx

Roth IRA is way better Pay the tax now and it's tax free when get the money out when you turn 60
Comment from : ahdhehc fudjdnc

Reading the comments calling out his ridiculous option to the 401k gives me some hope for our collective financial future 😂😂
Comment from : 1CJ6

Taxes don't have to go up That is the cause of greedy politicians Remember no taxation with out representation And current the American people no longer have representation int the US CONGRESS ONLY THE RICH HAVE REPRESENTION AND REFUGEES AND FORIEGN COUNTRYS
Comment from : SoulSeeker 311

I’m sure he’s a life insurance salesman Plus has he never heard of Roth??
Comment from : Eric Andersen

Or a a Roth 401k what a clown
Comment from : Joshua Thompson

The one thing he could say to make this whole statement invalid he said Life insurance is a scam and if you want a 401k without paying withdrawal taxes get a Roth IRA
Comment from : Should you move here?

Roth 401k has entered the chat
Comment from : Big Diesel

ROTH
Comment from : supersportrsz28

This guy is giving perfectly wrong financial advice If you defer income, you don't pay taxes on it When you pull the money out after retirement, you still get the standard deductible, meaning some of it is completely tax free This allows you to use the standard deductible in years you have no actual earned income That is before we even get into how tax brackets work which means more savingsbrbrCash value insurance plans are so bad they're basically scams too Even if his advice was sound (it is not) that would just mean you should invest in a Roth IRA (paying taxes on it now, no taxes when you pull it out)
Comment from : Kissthefish

Uhhh Roth K plans have been around for a while… need a new angle insurance boy
Comment from : Michael Prout

I have a Roth 401k sooooooo I’m pretty good when retirement comes Everything except my employer match will be tax free
Comment from : Richard Head

Typical INSURANCE AGENT!!!! Insurance is NOT an investment!!!
Comment from : Mike Jones

Are you a new investor? It's important to remember that investing and trading requires more than technical analysis and skills Discipline and emotional maturity plays a significant role in achieving success It's wise to keep in mind the adage of "time in the market vs timing the market," as this mentality can help you weather market volatility With insights of my financial advisor bRobin Brezik/b and my commitment to learning growth, I've increased my earnings in just a few months You too can do same
Comment from : Amanda Louise Medford

Wow He clearly has never heard of a Roth 401k or Roth IRA
Comment from : Dude Canoe

Another thing those 401ks are often full of garbage, and the professionals will be out of those same positions while your 401k is taking them out of itbrbrInvesting is a daunting task for some people but even if you hire professionals you should have a fundamental understanding at a minimum, at the very least enough to know you're not being plundered
Comment from : Player Zero

total scumbag Wants to rip your eyes out with brokerage fees Idk why hes wearing a suit on some fake podcast either
Comment from : FindtheEdge

Marginal rates go down from time to time (and thanks to JFK, they left the 90 idiocy) ACTUAL tax rates ALWAYS go upbrbr"cutting taxes" in DC is cutting the GROWTH of the tax rate I'm no economist, and clearly this dude ain't either
Comment from : James Taylor

Cash Value Life Insurance is a scam! Never buy any life insurance other than Term Insurance
Comment from : Gerald Wellborn

401k depends on stock markets many lose all of it in an instant
Comment from : Lane

Cash value life insurance is worse than the tax All they do is buy a term policy for you, invest the left over money Give you maybe 1/4 of that return to the "value" of that life insurance Also, there are Roth 401k's and it doesn't matter what the highest tax rate is It matters what YOUR tax rate is This guy is a fraudsters
Comment from : MBarz5

id put into my matress,not taxable that way
Comment from : Jay Hope

Why not just get a roth IRA and 401k That way you pay taxes now so you dont have to pay taxes when tax rates go up
Comment from : Jackson Dune

Only suckers play that game I can trade in the stock market and get better returns Insurance is king
Comment from : Jaja Jaja

LMAO, Life Insurance 🤣
Comment from : Samuel Tucker

When you retire, your earned income goes to 0 So when you pull from your 401k/IRA, you are in the lowest tax brackets you’ve ever been in your adult life
Comment from : Gizzle Munz

Cash value life insurance 💀💀💀
Comment from : aguyandhiscomputer

401k ROTH or IRA ROTH!
Comment from : christian krippler

They started taxing the Australian pension funds a whole heap this year It starts with just people with a large amount, but we all know moderation and truthful ness are not the government strong point They will either lower their thresholds where the tax kicks in, or the current hyper inflation will allow bracket creep do the rest There is no way out of it, and you can't tax structure your way out of it Once it's in there, you're stuck and you are at their whims Better off keeping it out of any gov structured program IMO Western governments have a spending problem because they are buying votes, consequently the tax rises will never end
Comment from : Brendan ODea

This is the absolute worst advice ever Whole life cash value life insurance is one of the biggest rip offs right next to time shares Only people that push this crap are people selling it
Comment from : Brent Byus

ROTH 401K pay tax now, no tax when you cash out Your match will still have to be in a trad 401K, though
Comment from : Karla Denton

I never heard someone ever say, "I now have a million dollars in my 401k/IRA and I regret it I should've gone with cash value life insurance"
Comment from : Herman Wooster

Roth IRA limits are 6500 if you’re under 50yrs old or something however your limit of Roth 401k limits are 19,500…not including employer matching, which is pre tax but you can do an in plan conversion of any portion of the funds the company gives you in your Roth portion so you’ll pay no taxes in retirement, and it doesn’t count against you with IRMA which is how your Medicare expenses are calculated
Comment from : mpalestini

Absolute BC
Comment from : Mark Brown

If people are worried about Taxes use a Roth IRA It pays taxes up front, man is trying to sell and people are suckers
Comment from : Joshua Caggiano

Or you could move to Australia and pay no tax on 401k 😂
Comment from : Caleb Mac Donald

I'd put it in a ROTH IRA and disperse it over things directly tied to The US economy with a weight for foreign markets as a hedge You could just do blue chip index funds but they're rather premium
Comment from : JayLeePoe

Good thing most of them have a ROTH option
Comment from : Mark Murrell

He talks about Roth IRA at the end from an uneducated background, 401(k)s, and Roth IRAs work very different Roth IRA’s are 100 tax free at retirement
Comment from : Porter Franklin

whole life cash value policies only make money for the person selling the insurance save your money in other ways, stocks, options, hedge funds, just think with your brain
Comment from : itsallgood

What?
Comment from : j

What about a Roth IRA??
Comment from : J- S

Because of dividends, I first began investing in stocks It's important, in my opinion, to be able to live off of dividends without selling if you invest and make other income in addition to payouts It suggests that you may pass that down to your kids and give them a leg up in life Over the years, I've invested over $600k in dividend stocks; I continue to buy more today and will keep doing so until the price drops even further
Comment from : Sophia Christian

Dudes never heard of a ROTH? Won’t be taking advice from him
Comment from : Voltechs

Crystal ball on future tax rates AND sells you on life insurance? Scam
Comment from : tmc89

Get outta here Youtube shorts are the new commercials ladies amd gentlemen, don't be fooled
Comment from : Colten Howard

Tax rates are already at like 50 lol Fed let's say is 15, State income is like 65, sales tax is like 55, SSI/medicaid tax, plus property tax, sin tax, higher taxes on hotels, gas, vehicle registration, capital gains, inheritance, etc brbrFor most people invest in Roth and a brokerage way more flexibility than a life insurance plan that does not keep up with the market
Comment from : Eh der guy ya shoot a deer or no?

Roth IRAs entered the chat
Comment from : David Moreno

Ever hear about a Roth?
Comment from : Joel Malcolm

Insurance regulations prevent creditors from taking the life insurance death benefit from your beneficiaries even if you have outstanding debts
Comment from : Mph200plus

Im pretty sure only a Roth IRA is pay taxes later 401K is tax now
Comment from : klein 225

🐷
Comment from : Chris M

That is one confident whole life insurance scam man I thought he was building up to a Roth
Comment from : JLAW904

This is terrible advice
Comment from : Christopher Rau

DO NOT DO THIS
Comment from : S M

Lol always wait until the end for the sales pitch
Comment from : Blake Bake

This is horrible advice from an insurance salesman If you think tax rates are going up, invest or convert into a ROTH where you pay taxes up front and withdraw tax free
Comment from : Alan T

401k and retirement accounts have more legal protections
Comment from : Dr Strange

I have been procrastinating about investing for a while now I really want to invest this time, but the question now is, how to begin safely as I do not want to get burnt How did you do it?
Comment from : Dewes Claire

We know that taxes “HAVE TO GO UP” why do taxes have to go up?
Comment from : Cantonment FL

He was doing good until the life insurance sales pitch Insurance is not an investment Insurance is purchased to mitigate a risk What he could have said is to take the rest of the money after the 401k match, and invest it in a Roth IRA or a brokerage account
Comment from : Marcos Valdes

Using his logic, a Roth IRA would be a better investment because your paying taxes up front and upon retirement you can pull out your funds tax free
Comment from : Kevin

When your company matches you 100 profit it makes a ton a fucking sense Quit spreading this garbage bullshit Winless you’re wealthy invest what your company is matching Common sense Your contributions are not taxed and you get 100 profit from your company match And it will grow and you only pay taxes on the gains Duhhhhhh
Comment from : David Duff