How 401(k) Plans Work And Why They Killed Pensions

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Title	:	How 401(k) Plans Work And Why They Killed Pensions
Lasting	:	12.26
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Views	:	1,2 jt

As I approach retirement, ensuring the stability of my 401k after the turbulent year of 2022 is a top priority I've come across stories of investors achieving up to $270k in ROI during this current declining market Any advice on enhancing my ROI before retirement would be highly valued
Comment from : Clement Russo

Municipal and state pensions are waaay better
Comment from : D Dave

Not helpful; too fast technical information Good “montage” but unhelpful video I still don’t understand what’s going on
Comment from : FA

Are you trying to build your income and prepare for retirement? It’s important to choose stocks that are expected to hold up in inflationary environments To combat the negative effect of inflation, it’s a good idea to diversify your portfolio across different asset classes, such as stocks, bonds, and real estate I've been using the services of a verifiable financial advisor Robin Brezik I started with $10k, with her assistance I've have made more than $75k You too can do same
Comment from : Alicia Will

Why are IRA contribution limits kept so LOW ($6K/$7K)? They should be made the SAME as 401k limits so that folks without a 401K can be on equal footing! Somehow this video has helped shed light on some things but I'm aiming to create a portfolio worth not less than $2m before I turn 60
Comment from : Stevens Middlemass

401ks have gone bust its no longer news To keep up with rising cost we are beginning to see the equity of our home for what it truly is, Its becoming hard for us seniors not to ask the obvious question: Should we cash in, invest the money, and rent or relocate?
Comment from : Conrad

It’s hard to believe that social security will be around forever, it’s smart to invest with a company match
Comment from : Derek Owen

Impressive video I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt) Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account) I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis How optimal would this be beneficial long term?
Comment from : Deborah Clark

It's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time
Comment from : chris

Impressive video I started a bit late (graduated from my doctorate program at age 30 in 2016 with 170k in school loan debt) Managed to pay off my debt by 2019 and currently have a house and 250k total in investments (combo of profit share, 401k and a brokerage account) I'm not very knowledgeable with investing, so I have all my capital currently vested in index funds but considering the dollar dumping and current inflation crisis How optimal would this be beneficial long term?
Comment from : Richard Carlett

33 leopold rd Felixstowe ip11 7 np used to work in pensions and robbed the elderly pensions it’s in trust funds for her kids she has the rest in bank seize her accounts
Comment from : Darren Mclaughlin

Rich people wealthy people have 401k or IRA?
Comment from : Fair Beauty

401K is a good saving for both the employer and employee, because this fund will support the retiree after they retire, that means the 401K owner have control their income resource , not the politicians but one thing make sure is this fund must be well manage by the company that have the lawmaker keep a eye on that company
Comment from : Sam M

Courtneys eyes are doing some crazy things
Comment from : kota

For a few months now I have been searching tirelessly for information on how to start investing I even paid $400 for a course that I now regret It appears that there is no structured guide for beginners on how to get started in this realm I’ve come across several investors making well over $250k/annual and I would be grateful if anyone on here could provide insights on how to get started, identify potential stocks when to make an entry, exit etc
Comment from : stuart james

are there any comments in this that aren't rich people jerking off about economics teachers and wealth? like to me it kind of sucks that to actually retire you have to live like you're poor when most of us will get like 6-7 years post the age we retire before we drop dead (average US life expectancy is in the low 70's)brbrI'm not that fond of 401k's because I would prefer to just have a pension and not have to worry about the problems of the stock market but practically nowhere these days offers them
Comment from : Alex Dahl

I actually believe the stock market is a better and easier way to grow money than the 401(k) But it's not really by picking individual stocks, because it is an effort in futility, particularly at an uncertain time such as this I have lost more than $140k, but my portfolio is still significant, about $320k, but I'm not confident about picking stocks anymore Are there really no other options for me to gain from the stock market?
Comment from : karen

it's recommended to save at least 15 of your income in a 401k You can use online calculators to estimate how much you should save based on your age and income Saving at least 15 of your income in a 401(k) can help ensure that you have enough money to retire comfortably By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time don't think I could retire with less than $3m in income generating investments and i'm not talking 401k, maybe $2m at the very minimum I plan to work until I'm at least 45
Comment from : Caspar Ogden

I’m currently retired, and considering the current rollercoaster nature of the stock market, I decided to stay on the sideline for awhile, now I’m worried with the numerous bank failures as of late, am I better off reinvesting my savings in the stock market or do I wait?
Comment from : instinctively_awesome

Investing in fiat currency is stupid The dollar is purposely being destroyed by Brandon and the Federal Reserve Banking Cartel Invest in real money like gold and silver
Comment from : RobertLee

Blaming NO ACCESS to investment toolsbrIs BULLCRAP!!
Comment from : tony branson

7:20 Morrissey says DURING COVID 401k’s WERE NOT NEGATIVELY EFFECTED! “brBULLCRAP
Comment from : tony branson

Most people venture into crypto to be a millionaire meanwhile I just want to be debt free
Comment from : Precious Chinatu

I started investing in the stock market because of dividends What matters, in my opinion, is that if you invest and earn more money in addition to dividends, you will be able to live off of dividends without selling It implies that you can pass that on to your children, giving them a head start in life I've invested over $600k in dividend stocks over the years; I continue to buy more today and will continue to do so until the price lowers even further
Comment from : Richard Spenard

I'm curious if people who went through the financial crisis in 2008 had an easier time than me right now The stock market is making me really worried because I've lost over $ 27,000 in just this month and I'm not making as much money as I used to This is making me concerned that I might not have enough money saved up for my retirement since I can't add to my savings
Comment from : Tom Nolan

All signs point to 2023 being a year of significant economic hardship for the entire nation Put your cash to use straight away to increase its value I was aware that I needed to invest I had no idea how quickly a few thousand dollars a month would go up Though it is Since 2020, I've made about $600,000
Comment from : liu zhang

Once the market crashes there goes your money
Comment from : Trendingmarkets

Husband died in 2018 One of his pension funds just did 3 reversals on my checking account and now it's I the negative IAM in Washington DC folks What can I do my bank says to contact them I tried to call several times yesterday I need a lawyer immediately
Comment from : AmericanMade1964

You will pay the marginal tax rate for a traditional 401k plan for the rest of your life If you use a taxable brokerage account and limit your annual income to approximately $105,000, you'll pay the 0 long term capital gains rate, and 15 on anything up to $500,000 a year Brokerage FTW!
Comment from : Eric Connelly

I'd be retiring or working less in 5 years and I'm only curious how people split their pay, how much of it goes into savings, spendings or investments?? I earn around $165K per year but nothing to show for it yet
Comment from : simon fes

The 401k is good, because retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k My mom retired with about 42 million, but my dad retired with roughly 18 million So it really does
Comment from : Kayla Wood

The 401k is good, because retirement choices determine a lot of things My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k My mom retired with about 42 million, but my dad retired with roughly 18 million So it really does
Comment from : Addilyn Tuffin

biI just turned 60, was planning to Retire Soon? B🔥🔥M the Economy Crashes into Recession and High Inflation ! I guess I will keep working another yr or 2?/i/b
Comment from : James Abdelkarim

eliminate the concept of money I’d say and less rules
Comment from : Melva Yared Aguilar

In other words, we got screwed, we pay for a petition instead of the, most of time, wealth business owner(s)/company paying for it
Comment from : ManiaMusicChannel

I wonder if prostitutes pay taxes to federal government, SSS, or 401k hehehe
Comment from : Apocalypto (The Animals)

Blame it on Trump 🤣
Comment from : AmericanMade1964

When you invest, you're buying a day you don't have to work
Comment from : Mbali Maka

I have two different 401K offered to me from different companies I haven't started either one, but it seems to me that if I invest the maximum I can have a half-a-million dollars in 20 years
Comment from : arcata company

Bring back pensions! If you dedicate years of your life working for an employer, it’s the employer’s duty and the employee’s right to have your retirement funded You shouldn’t have to pay your own retirement or your own paycheck
Comment from : B

Honestly you can save your own 401k better than an employer because you can invest it into stocks you feel will benefit you better in the future Right now my job plus my investment is only 54 dollars every two weeks I can work for myself and invest into stocks I know holds its value and never go to zero So I'm done with the rat race I'm going sub contractor and putting my savings into what I want not some employer The will never tell you to work for yourself and stop feeding the beast
Comment from : Friendly neighborhood Gun guy

These things are just useless, how is it that you are able to withdraw from them before retirement These are only for people who don't need them, average workers need social security and these will get withdrawn when people need them If you're going to do a defined contribution fund them they can't be accessible and they have to be forced contributions otherwise pointless, see Australian superannuation 12 taken from pay moved into savings and you cannot get it until you are we minimum 60, unless you're already rich you're withdrawing from you're retirement account ofc
Comment from : Johnny

usa scares me for the direction humans are taking atleast like 350 million of them and 450 million of them in the future thats alot of people a country should help its people and provide them tools for freedom and independence and usa doesn't seem like a good option unless you wanna be a capitalist and help yourself to x amount of pie from yhe economic market as long u have inequality u gonna have crime and i dont think usa will be the place to be in the future excluding the amazing startups and entrepreneur potential
Comment from : Indethbed

The stock market rally still appears to be in the midst of a normal pullback I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?
Comment from : Gabriel mm

From what i understand 401k is a modern and trusting ponzi scheme No really investment being made but the new commers will pay the existing members and the difference will be pocketed by the company which is 401k
Comment from : Elly

This is just sadbrit won't belong before the people turn on the government
Comment from : ghost_getta

The S&P 500 finished down 20 in 2022 This means long term investors have a great starting point in 2023 Here are 4 very popular ETF’s: $VOO- S&P 500 fund $VTI- Total US stock market $QQQ- High growth, tech $SCHD- Growth + Dividends| I just tallied my dividends for the year;$167k Blessed and grateful, disciplined and focused
Comment from : Parrish

Cash is king
Comment from : Shane Hess

The problem with 401ks is that it's completely dependent on the stock market You're not getting compounding growth, you're literally just buying shares of funds You're also banking that the stock market will just go upbrbrSo let me ask you, What if there's a market crash and you lose half your value on your funds? Stocks were saved by the federal reserve during the COVID crash because there was a liquidity crisis brbrWhen I was contributing to a pension, 8 of my salary went to it and the company matched 8 Now on a 401k, it's a 4 contribution max if I contribute 8 brbrJust a scheme to get people to invest in the stock market
Comment from : The Sightseeing Being

Most people venture into crypto to be a millionaire meanwhile I just want to be debt free
Comment from : Cassie Jacobs

it's clear that fiat currencies have done nothing but spring up ponzi schemes for a certain generation to rob the future blind
Comment from : Gaye Lorde

I don't trust anything that was built by man, so should you
Comment from : Michel Hickey

Lies lies lies brHalf or less of workers had pensions at the peak of pensions Not "most" workers
Comment from : harrison wintergreen

Pensions killed themselves
Comment from : harrison wintergreen

Let’s be honest 401K came about because companies & corporations no longer wanted to provide a pension for their employees Now retirement is solely on the individuals hand Another example of corporate America making it harder for middle class Americans
Comment from : I am Cooper

It's congusing because most kids coming out of high-school don't even understand how credit cards work, let alone a normal investment accountbrbrWhy would they understand a special investment account?
Comment from : Doug Clendening

The biggest point skipped over here is you still need the money to put into the account! Once you make less than $60k per year, it’s hard enough to just live, much less save
Comment from : FunDownSouth

I got both suckers lol!
Comment from : Mathew

i love how eager CNBC is to show everyone in their stock footage in masks, like the good little compliant citizens they want everyone to be Nobody was wearing masks even a year ago Get real
Comment from : Mikeyade

and nobody wants to talk about gold and silver
Comment from : Vulcan Gunner

"The Retirement Gamble," By PBS' Frontline That program contradicts this program! Which is right?
Comment from : Terry Colbert

youtube/lkOQNPIsO-Q
Comment from : Terry Colbert

Been working for 22 years Never had a job that offered 401k
Comment from : Erik Preston

You missed the word "don't" in the title; "how 401k plans DON'T work " - at least not for the people wanting to retire, that is They work great for the bankers and stock exchanges
Comment from : citylumberjack

The best 401k is your donations to the church brThanks Lord for your salvation
Comment from : Shaolin Soldier

Sure 401 K, at 70 I closed out my 401 k, 139,000 thousand dollars, before i got my money the government taxed me 23 thousand dollars I was left with 109 thousand dollars, the 109,000 was added to my income for the year and they taxed me an additional 5,000 dollars WTF should have just spent the dam money instead of saving screw the 401 K,
Comment from : Victor Guerra

People are now responsible for their futures rather than demanding employers be the responsible parties if people can't have discipline, live below their means, not borrow from their plans, don't contribute enough etc that's too bad
Comment from : N

Lobbyist and sell out politicians killed the pension
Comment from : Lamar Putney

It's very straight forward you are not a person you are a business! Now you Know
Comment from : David Stevens

Uptin Sinclaire, you are exactly right The funny thing is that the lady narrating this video is probaby to young to remember anything but a 401K The Father of 401K? only a rich banker could make their employees choose a 401K or pension 401K didn't come as a choice Company would close their doors, layoff all their employees, most lost their pension Than simply re-open in another area, under a new name and only offered a 401K
Comment from : deell momoney

401k is known as a salary sacrifice pension In the uk it seems Plus there's an employer NI saving Whch some pay all or a proportion of that into the pension scheme
Comment from : David T-Rex

Why would we ever count on anyone for our own future? 401k, IRA, Investments, Savings, use those tools to control & plan your own future No one’s gonna care about your life more than yourself
Comment from : SpicyKimchi

My company offers at 401k that is pure garbage They cover 25 of 6 of my contribute after 1 year and I'm vested after 3 years It's pathetic Tax savings? Yea I'm good I'll save 10k if I use it? I'll just invest in myself and one my own F this corporate America bs
Comment from : Michael S

Don’t forget the 403(b), the public version for public hospitals, public schools and other local, state and federal employees
Comment from : Steven Morris

401k is actually better IF you start young, consistently contribute, and gradually reduce risk
Comment from : no name

401K is NOT free money it is apart of the compensation paid to the employee Take advantage of pre tax $$ to max 20K+ every year
Comment from : Gavin Stoub

Lol, you mean employers shifted the burden to the people and now we are all left struggling without a sure retirement while they make even more billions in profit
Comment from : Michael Robles

Oh well The real savings were the friends we made along the way Am I right?
Comment from : Cassidy Liston

Company I work for contributes 12 percent of income up to the IRS max and there is still a pension About 3500 per year per year of service
Comment from : Google Account

No mention of the at least 1 fee of your total funds these investment companies take each year in fees from your 401k After 20 to 30 years they took 25 to 30 of your money, not just your earnings but of every dollar you put in
Comment from : J M

This seems to be a puff piece for the 401k industry My parents got nice pensions from their employers which provided them with a secure retirement By contrast, my wife and I got the 401K shaft Despite years of maxing out contributions, and matching employer contributions - it looks like Wall Street will end up with the most benefit while we have to plan alternatives
Comment from : TruthIsFree

The average employee in the United States has no clue what to invest in with their 401Ks They receive no suggestions or advice It's all on them
Comment from : 23calvken

I make about $78k/year in the last 6 months, my 401ks and IRAs have made over $50k I literally make more money on my retirement investments than my job also, if I leave my company, or it goes out of business or I die, I still own (or my estate if I die) my retirement money if your company goes bankrupt or you die, your "pension" is gone
Comment from : connor flanigan

Let’s be real, if you’re under the age of 20 in the US right now, you’re more than likely not going to be able to ever retire
Comment from : Sando

What this guy did was basically let companies off the hook for providing pensions Now it's using your money to invest in Pity the man who gambles and loses everything Took from the working man his right to a good pensionWhat's wrong with Courtney's eyes????
Comment from : Marie Just Marie