The TRUTH About Your 401(k) That No One Tells You

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Minority Mindset
Published at : 15 Dec 2020
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The 401k is considered the holy grail of investments - the pros of the 401k are obvious, but do you know the costs of investing in your 401k - let's discuss.
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Recommended:
401K Alternatives To Keep More Money: https://youtu.be/VQPgT_a7H04
Roth 401k vs. Traditional 401k - How Will You Retire Richer?: https://youtu.be/asyeW6mRwSM


The TRUTH About Your 401(k) That No One Tells You
0:10 - What’s the best way to plan for your future?
0:27 - For the majority of people investing is investing the 401k
0:56 - Why does your 401(k) exist
1:30 - Your company was on the hook for your retirement with pensions
2:22 - The benefits of the 401k
2:53 - The cost of your 401(k)
3:26 - What the average American pays in 401(k) fees
4:18 - The risk of investing in your 401(k)
5:23 - The tax benefits or costs of investing in the 401k
6:34 - The flaws of 401k being a tax shield
8:00 - Tax rates will greatly affect your 401k


What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #ThinkMinority #FinancialEducation


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