-
▼
-
▼
For most, your 401(k) is the single largest account that exists in your financial portfolio. In fact, 8 out of 10 millionaires took advantage of this awesome tool and used their company’s 401(k) to help them hit millionaire status. If you’re serious about building wealth and reaching financial freedom, you better know what this account is and how it works. Here’s all of our best advice on how to maximize your 401(k) – all in one video!
In this episode, you’ll learn:
- Whether or not a 401(k) plan makes sense for you
- Where 401(k) plans came from
- How 401(k) plans work
- How to choose between Roth and Traditional 401(k) plans
- Secret 401(k) strategies that will help you build wealth
- How to pick the best mutual funds in your 401(k)
- Whether or not you should rollover your old employer’s 401(k)
- How you measure up to the average 401(k) balance by age in the United States
Research and resources from this episode:
- Do 401(k) Plans No Longer Make Sense for Savers?
- Are You Using Your 401(k) the WRONG Way? (You’ll Want to Watch This!)
- How to Pick the Best Mutual Funds in Your 401(k)
- Should You Rollover Your Old Employer’s 401(k)?
- Average 401(k) Balance By Age in 2021
Enjoy the Show?
Where You Can Watch and Listen:
Subscribe on these platforms or wherever you listen to podcasts! Turn on notifications to keep up with our new content, including:
- Episodes of The Money Guy Show every Friday
- Episodes of Making a Millionaire every other Monday
- Mini-shows every Wednesday
- Ask Money Guy Livestreams every Tuesday
- Tons of other fun content!
Free Resources
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Articles
Articles
How To Factor Social Security Into Your Retirement Plan
Social Security provides over half of the income for some 42% of the population receiving benefits, which means Social Security is the primary income for...
Articles
How To Prepare for the Unexpected With Retirement
It’s extremely difficult, if not altogether impossible, to be completely prepared for retirement. No matter how much planning and preparation you do, something is bound...
Articles
Where To Invest After You Max Out Your Retirement Accounts
If you have a higher income, maxing out your Roth IRA, HSA, and 401(k) might not seem that daunting - and it may not even...
Financial FAQs
Courses & Tools
How about more sense and more money?
Check for blindspots and shift into the financial fast-lane. Join a community of like minded Financial Mutants as we accelerate our wealth building process and have fun while doing it.
Free Resources
Financial Order of Operations®: Maximize Your Army of Dollar Bills!
Here are the 9 steps you’ve been waiting for Building wealth is simple when you know what to do and the order in which to...
Free Resources
Wealth Multiplier By Age
If you want to set yourself up for future success, find out how much you need to save every month to become a millionaire.
Free Resources
Car Buying Checklist
Here’s how you can buy a dependable car that won’t break the bank. Our free checklist walks you through the 20/3/8 rule and strategies to...
Recent Episodes
It's like finding some change in the couch cushions.
Watch or listen every week to learn and apply financial strategies to grow your wealth and live your best life.
Episodes
How This Disney Star Lost All Of Her Money
From a million-dollar year to $200K in debt, Disney star Christy Carlson Romano shares her wildest money mistakes and how she rebuilt from scratch in...
Episodes
Don’t Make This Huge Roth Mistake
When is a Roth conversion a mistake? We break down 5 situations, the 4 questions to ask first, and a case study saving one couple...
Episodes
Financial Advisors React to Actually Hilarious Money Clips
Sports betting as investing, a bank robbery math hack, and lime juice Cheetos. We are back and ready to react to the internet's wildest and...