How Much You Should Save In Your 401K By Age

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Information How Much You Should Save In Your 401K By Age

Title	:	How Much You Should Save In Your 401K By Age
Lasting	:	14.15
Date of publication	:
Views	:	494 rb

How many magic tricks did you spot? There's a few!
Comment from : Andrei Jikh

This video would be so much better without all the boring card tricks
Comment from : RY

you were doing way to much just start talking about it
Comment from : Concraft

Are you married?
Comment from : 101starwarsfan

I m 53 and i have 21 million in retirementbr Net worth 33 Mbr Am i dping ok?
Comment from : 101starwarsfan

Well, I’m screwed according to this
Comment from : B G

As a grad student I have a 1:1 ratio of income to 401k, which is also $0
Comment from : iPsychlops

Hey man, you earned a subscriber I am glad you are focused on helping your parents out, something that is rare nowadays I hope your youtube career skyrockets even more
Comment from : John G

Informative 😁
Comment from : ShoeLady64

"401K IS A BIG FRAUD" They still your money if you decide to do a premature cash withdrawal from your account they take a lot of money as a penalty Banks are getting rich with your money Principal even turn off comets they don't want people to talk about it
Comment from : jehu2134

I signed up for the company 401K, but I don't think I can run that far
Comment from : Seth Sethman

I think a lot of people are going to be poor in retirement The number of people that are bad at saving and investing money is not even funny The people that only have a few thousand saved up for retirement weren't thinking about saving for their future when they were young
Comment from : Darrell9000

I feel so good about my self 😂
Comment from : Israel Mondragón

Love how hilarious and informative your videos are!!
Comment from : Dave Ramsay

I love that you jump into the traditional YT influencer "one trick" type formula occasionally just to roast it
Comment from : Retro Tech Select

What’s difference between 401k and 457
Comment from : Vinny A

Started 401k at 18 and reached first million 23yrs later I was always at 15 and my top salary was $67k in retail Key is start as soon as you can by paying yourself first I started putting away because my family and I were homeless as a child Now, I just wish I had learned to earn income in the market as a day trader a lot earlier in life At least now, my retirement acct will keep growing in the millions on it's own regardless of my next step in the next few months when I quit my job
Comment from : Valerie Quince

I’m in dubai there is no 401 account, I’m 29 please suggest a retirement plan
Comment from : M J

Most the companies I worked for when I was younger no longer exist
Comment from : SIAOSI LANGKILDE

Your really funny bra 👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽👏🏽💯
Comment from : 5150 Toon

Sadly, my employer doesn't offer a match
Comment from : Christina W

Kind of hard when the economy crashes and you lose most of your 401(k) Not worth it bro
Comment from : DG 465

I don’t have a match on my 401k
Comment from : Sam B

How could banyone/b NOT know what a 401(k) is? If only there was some device that in the comfort of your own home one could do research by merely typing (Like the internet)
Comment from : Beerbrewer737

The minute you cash out you lose 25 to taxes and 10 if you’re not 60 Glad I have a real pension with cost of living 401k destroyed by Biden voters
Comment from : James Hidden

I liked your card trick and your video as well! ❣️
Comment from : Babylift

Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $13,000 every single week
Comment from : Geneva Bennett

Bad news By 2030 you'll own nothing and be happy Klaus Schwab, WEF
Comment from : Walt Lonsdale

I stopped listening when you started doing stupid magic tricks
Comment from : Shane B

My company offers a 401k but no match at all
Comment from : Stephanie Ocampo

@12:17 spend less on your "house" dam how do i even start to get a house? my area "Orange county" is 750k for a crappy house
Comment from : chunky

bro is that the FF7 background music of Cosmo canyon
Comment from : David Vu

Looking at the savings by age chart I can see I missed the mark I'm 67 and my 401k is $572,000, much lower that what the chart shows for my age The mistake I made was placing too much of my money into a stable value fund (very safe, but low gain) and not enough into stock funds The thing I did right was always contributing to my 401k, and at times that was a pretty good dollar amount My employer did not match my 401k contributions, but I get a $4,000/month pension, which will help in retirement If I could do it over again I'd take more risk with my 401k and invest in a larger percentage of stock mutual funds
Comment from : Ken Frank

Why save up all that money while I don't know if I'll be alive until I retire
Comment from : fantastic

And just like that i realize im blowing it 😅
Comment from : Christian Lamb Inspires

what's the best platform for long term stock growth & dividend investment?
Comment from : Toms Time

40 and have 170k and 88k in savings
Comment from : JJ FARM

Some employers don't offer an employer match
Comment from : muffemod

I feel like it needs to be saidJust because your doing better than the average DOES NOT mean you are doing GOOD
Comment from : TACO NoC

Or you live in Germany, have no choice and you Pay 15 for retirement and you can Hope for a piece of what you payed in your lifetime 😂
Comment from : 667

Just stumbled upon your channel today and I have got to say, this was a great video Everything was simple and straightforward You got a new sub!
Comment from : Ehsan Haque

I’m so behind where I need to be for retirement… Damn…
Comment from : samy701

The tax rate upon withdrawal is known for today but unknown for the cohort that will be making the tax code when we are withdrawal from the 401k account The tax implications on retirement funds , such as capital gains and 401k can somehow be subject to voiding ss based on a need assessment This will be judged by those that follow
Comment from : Bob Zelley

What happen if the company does not have a match? Do you put money in the 401k anyway or another alternative
Comment from : Just A Simple Citizen

You are completely clueless about the Infinite Banking Concept?
Comment from : Mike Davis

I think this video inadvertently points out that the 401k is a gigantic failure Especially when the median value of the 401k is way lower than the average, which shows a huge wealth inequality
Comment from : Chris Slater

Wow, i'm 50 and only have 42k in my roth ira Maybe if i quit eating, live in my car and work 12hr shifts for the next 20 years with 1 day off a week i'll be able to retire when i'm 70 What a joke😂
Comment from : Todd Mahoney

What about vti is that a good one
Comment from : BeastMangledYou

I’m taking this as a sign that I viewed this vid about 401ks when it hit 401k views Crazy
Comment from : Brendan Gallagher

Came here for the content, stayed for the Cosmo Canyon theme song hahaha
Comment from : Valerio Mascolino

just dropping by Loved your magic tricks
Comment from : Jack Pate

Hey man I wanna know should I try this, my age is 16 btw
Comment from : Smug Way

I’m 43 and started my 401k at age 39 I have 170k in it now
Comment from : Mark Jones

Love the mockery of the get rich quick! Thanks for the laughs!
Comment from : David Greer

While preparing for retirement, the wisest thing that should be on every wise individual's list is to invest in different stream of income; I am earning more this year because I have been investing while working at the same time I invested through bROCHELLE DUNGCA-SCHREIBER,/b same woman that an anchor kept mentioning on CNBC, and made multiple of my start up capital within three months iLook-Her-Up!!/i She lives here in the USA and she is licensed
Comment from : Ibrahim Aisaadan

Can you explain the 457B 😁
Comment from : Weyoun359

Thanks man, fire info as always! You’re not alone in the “I’m my parents retirement plan” boat I think there’s a lot more people having to take care of their parents financially in the US than many realize
Comment from : Long

Well, it certainly makes you feel better about your position when you see the numbers! 😎
Comment from : MandrakeIV

Andrei is lowkey comedian If my Telcoin ever reaches 05 cent, I will definitely invite Andre for some drink🤣🤣🤣
Comment from : Collab ITC

Inflation?!? Or currency collapse?
Comment from : Michael Mace

I'm way behind on my 401k at 40 years oldtrying to bridge the gap with bitcoin 😂👍
Comment from : Coincollector82

Too bad, my company matches zero percent on 401k
Comment from : Christine Lu

Maybe I am the exception, but I roll my 401k over into my IRA every time I switch employers (about every 2-4 years as this is how you get raises in IT) So if you just looked at my 401k balance it paints an incomplete picture Also, I have more than one IRA so really you'd need to combine four different retirement accounts to see where I really am Plus there is my wife's 401k & IRA accounts Plus we have three regular brokerage accounts This type of investing will screw up anyone trying to calculate averages and lead to lower numbers
Comment from : stan4d1969

"We can all be sad together" 😂really enjoyed your straightforward explanation and the humor!
Comment from : Arcy

My company does not match our 401k contribution I am currently at 10 contribution
Comment from : Mazemaster18

instructions not clear how much bitcoin do i need to retire?
Comment from : Sean Young

Great beginner video, but you left out some major information about a personal Roth There are contribution limits based on your AGI, and if you make over a certain amount of AGI you can not contribute at all
Comment from : JTR

Is very sad to hear this but thank you
Comment from : Jose Morales

So should I do my IRA and my life insurance as well brIs okay to do both ?? I’m still confused
Comment from : Edwin Martinez

What if there is more money in a traditional IRA than in 401K? Is there a con to this?
Comment from : IrisPG2438

There is less than 01 chance that the average contribution is 13 Wherever that is from couldn't be more wrong
Comment from : Greg Dodt

This guy is a very big fan of the donkey Kong country soundtrack lol Man had different versions of aquatic ambience playing throughout the vid
Comment from : Manuel Perez

Many people do 401(k) and a Roth conversions because they realize you actually end up with more money in the end No forced disbursements Many retirees regret having a 401(k) and wish they would’ve used a Roth
Comment from : Pietro Giuliano

47 n 440k
Comment from : Shai Lee

Good video Thanks for posting your sources!
Comment from : William Lyons

I didn't Know what a 401k was so I watched this video and now I have 14k saved after 1 year Tysm!!!
Comment from : ZeeMoneyMillionair

I’m 23 almost 24 and have 20,000 in my 401k I started at the age of 20
Comment from : Riley Stauffer

401k is the name of the filing like 1099-div or w2
Comment from : Tom Fitz

I’m up 12
Comment from : Joe Barbato

Good for you
Comment from : Kent Davis

Finally above average at something
Comment from : jiujitsuboxer

401k is the tax code for retirement
Comment from : cruzmissile

I’m thinking most millennials view their aging parents as dependents
Comment from : LostDutchman

"Sad spelled backwards is das And das not good" lol kudos to you for making finances entertaining
Comment from : J Turner

I have a 403b, guess I’m Jeff Bozos
Comment from : TanTan

I love your sense of humor in this clip :D
Comment from : Philip Tran

I strongly disagree that retirement savings should be based on income rather than based on expenses, ideally projected expenses If I quit my high paying job today and go work at McDonalds a year before I retire, am I suddenly much better off for retirement? Or do my monthly expenses carry forward rather than my income? You should aim for 20x your annual expenses in your retirement accounts, and take steps (similar to FIRE) to minimise expenses and maximise monthly income from passive sources For those of us watching channels like this, income is not a great predictor of how much you need to spend in retirement I save about 50 of my income for christ's sake Why would I take 100 of my income to base my spending on in 15-20 years?
Comment from : Adam P

Glad you are supporting your parents I love people that don't forget to give back to their parents that worked hard to raise you
Comment from : Karim Elmoutawakil

I was in FXAIX until a year or two ago, switched to FZROX Same concept, even lower fees
Comment from : Jeffrey Goode

You’re so funny 😆 I feel like most of your jokes go unnoticed but don’t worry I got them all 😂
Comment from : peteroc134

lol for those of us gig workers with no employer match 🙄
Comment from : gilliebeann

Please dona video on how to start from nothing at age 40
Comment from : Ecthelion

Wow I feel good about where I am at
Comment from : Christopher Adamson

Does anyone know the name of the Cosmo Canyon remix playing around 4:00 ?
Comment from : James

dang i feel better, im in the range 20 years above what i am and thats just my 401k, got my roth and other stuff outside of that
Comment from : Phelps2323

haahaha awesome
Comment from : Shane Prather

Best advice: start EARLY The second you start working set aside some of your wage for retirement and continue the habit no matter what Increase the percentage you save every time you can (you likely get a raise each year) Even someone with a low working wage can have $1million in retirement with diligence and diversification
Comment from : S App