The 5 WORST 401k Mistakes Most of Us Overlook
Avoid these 5 401k mistakes to maximize your 401k! Making these mistakes critically jeopardize your chances of being able to retire, but thankfully they are easy to understand and defend against....mostly.
⏱Handy Timeline:
0:00 Intro
0:33 Millennials vs Gen Z
2:06 Mistake 1- Not starting
2:51 Mistake 2- Missing out on free money
4:18 Mistake 3- Not actually investing
6:18 Mistake 4- Loans
8:15 Mistake 5- Fees
10:42 Bonus Mistake 6- Not being aggressive enough
11:21 Next video
Related videos:
1. Why I Transferred My Entire 401k To Robinhood!: • Why I Transferred My Entire 401k To R...
2. The Ugly Truth About Keeping Your 401K: • The Ugly Truth About Keeping Your 401K
3. 2024 IRA & 401K ACCOUNT CHANGES!: • 2024 IRA & 401K ACCOUNT CHANGES!
=====
📗Easily learn all the essentials of stock market investing in a single afternoon: https://brendan-s-site-0fd7.thinkific...
Free Digital Products I made for you:
Net Worth Tracker: https://brendanbutler.gumroad.com/l/I...
Budgeting Spreadsheet: https://brendanbutler.gumroad.com/l/B...
New Investor Checklist: http://bit.ly/newinvestorchecklist
Better Goal Template: https://bit.ly/bettergoaltemplate
Memento Mori Life Grid: https://bit.ly/MementoMorigrid
My Free Newsletter: https://brendanevan.substack.com/
=====
Services I Recommend:
👨💻Data made easy with Fennel, the superpowered investing app: Free trial without a credit card AND get 1-12 months free!: http://fennel.sjv.io/c/2906384/195947...
📈M1 Finance Investing: (Get up to $100 when you start investing today! eligibility requirements apply To get it, invest at least $100 in an individual account or at least $500 in a retirement account)
https://m1.finance/td-bpuTpiT9T
🐿Start investing with Acorns! Now get $20 when you use my invite link: https://www.acorns.com/brendan/
🤿Want to dive deeper with an investing service built for the pros and available to everyone? Check out Interactive Brokers: https://www.interactivebrokers.com/mk...
📊Get 2-12 free stocks with WeBull after you make your first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!)
https://www.webull.com/k/BrendanEvan
💡Make informed decisions with deep investing tools and research with Seeking Alpha (My subscribers get a discounted rate plus the first 7 days free!): https://www.sahg6dtr.com/3146C9P/R74QP/
👩🏫 Learn more with Skillshare, my favorite online learning platform: https://skillshare.eqcm.net/c/2906384...
Sign up for Robinhood with my link and we'll both pick our own gift stock 🎁 https://join.robinhood.com/brendab533
(These are ALL affiliate links)
=====
🕰Make sure to check the time stamps to navigate to the most interesting parts easily.
🏎💨If I am talking too slowly, just click on the video settings option and look for “Playback Speed”. Changing this to 1.25x or 1.5x can make the video flow a little better if you want to pick up the pace!
📥Contact me here for business purposes: [email protected]
⧉Join this channel to get access to perks:
/ @brendanevan
#BrendanEvan
Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support!
Updated Acorns Affiliate disclosure as of 4/9/24:
Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at https://www.acorns.com/brendan/ and Acorns.com.