My life changed too when I started doing this and putting money in stocks. The first few years it as really great, but this year I haven't felt like my portfolio is doing well. I have lost more than $40,000 from my portfolio the past four months, and it's now very worrisome.
@JamesWilliam8
27 күн бұрын
The year has been really rough for everybody. But I've been able to cushion the effect though. Have you thought of using an investment advisor? They can make you good money especially during uncertain times like this.
@StevenDonald2
27 күн бұрын
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
@MaryBarbara7Z
27 күн бұрын
Oh, really? I have never thought of that as an option. Can I ask who it is you've been working with? I bet I could use some help myself.
@StevenDonald2
27 күн бұрын
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
@MaryBarbara7Z
27 күн бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@KodiSwandaOfficial
Жыл бұрын
Hearing you say most employers will offer a match of 3% makes me really grateful that my employer matches 6%
@FrankBatistaElJibaro
Жыл бұрын
Mine's also 6% but the nuance is that it is 6% of 82%. Important to note that your 6% might not be of 100% so it would be informative to check whether yours is for 100% or something less. Either way, free money is good news.
@zachhenson7844
Жыл бұрын
Same mine offers 7%
@karenblack7117
Жыл бұрын
Mine only matches 2%!
@737Parkie
9 ай бұрын
I’m very lucky…..17%.
@darkminatozaki
8 ай бұрын
Mine 0
@northvillecorby
Жыл бұрын
This would be a great video for high school kids - The level of explanation is perfect for them and they need to know how to invest when they get out of high school.
@laxinitup26590
2 жыл бұрын
Thanks for demystifying this topic. My employer has a 403b. Is this similar to a 401k?
@FinancialSelfReliance
2 жыл бұрын
Yes, it has many similar features, most of the generic information she gave about 401(k)s are applicable to 403(b)s. Just check in with your employer about the specifics of your plan as each plan can be different even among 401(k)s.
@kat-ip6vq
Жыл бұрын
Could you please explain more about True-ups? and how do we roll over our 401K after changing workplace? Thanks moneybee!!
@MR.MichaelMayo
2 ай бұрын
He’ll I wish my employer matched mines lol . Granted I get why they don’t lol . I get a pension from my union lol. Oh well I’ll take my 401 & Roth & Pension
@livingunashamed4869
2 жыл бұрын
Don't forget about the rule of 55, many folks can start withdrawing at 55 instead of 59.5 :).
@moneybee
2 жыл бұрын
Great point! Thanks for sharing 😊
@nehemiahgee5710
27 күн бұрын
My employer just change the percentage from 3% to 4% I hope it goes up in the next few years
@nidamaluri
9 ай бұрын
Very good presentation.
@xuezhongyu5853
4 ай бұрын
You are so beautiful.
@cliffdariff74
Жыл бұрын
Retiring in one year, with 401k with Fidelity. Looking for INCOME fund tbru Fidelity. Not sure which fund of the 30 funds they offer?
@carlitossucessgamer
Жыл бұрын
First I like to say thank you for this amazing video please Make another video like this one Step-by-step how to rollover 401k
@D3LTRON92
8 ай бұрын
My fidelity 401k only has vanguard index funds but I’m worried about transaction fees and they don’t say if they do or don’t. I saw your screenshot had a vanguard index fund, do you have transaction fees?
@LawrenceWischmeyer
Жыл бұрын
at 72 should your 401k account be 0.00 72 and after what is the required minimum distribution?
@vanho07088
2 жыл бұрын
Tôi ủng hộ kênh của chị video rất hay rất hấp dẫn luôn 🌹
@DillyDogSays
Жыл бұрын
How reliable are the financial engines on Fidelity web site for 401k??
@CADreemz
Жыл бұрын
Yes, please make one about rolling over a 401k. My X did this i think & i m having a hard yome finding it! We have been divorced 8 yes
@christopher9727
2 жыл бұрын
John 3:16-21 16 For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. 17 For God sent not his Son into the world to condemn the world; but that the world through him might be saved. 18 He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. 19 And this is the condemnation, that light is come into the world, and men loved darkness rather than light, because their deeds were evil. 20 For every one that doeth evil hateth the light, neither cometh to the light, lest his deeds should be reproved. 21 But he that doeth truth cometh to the light, that his deeds may be made manifest, that they are wrought in God.
@coreyburke3493
5 ай бұрын
That's a lot of fairytale stories
@sdiaz2k
Жыл бұрын
Hi, I have a question back in 2012 I had a stroke and lost lots of events of my life (I got them back most of them) but i forgot where I had my 401k so , How do I find out where was investing to may be role it over with my actual 401K. Thank you for all your help. Sergio Diaz
@teamrandom143
Жыл бұрын
I have a 401(a) with my employer, does it work the same as a 401(k)?
@debtfreeF
2 жыл бұрын
great explanation on 401k! too bad i dont qualify for my employer's 401k program until 1 year of employment, but i can't wait until i do qualify!
@perryjones8997
Жыл бұрын
Agree with the true-up comments. Great stuff but ambiguous. I maxed my 401k out in 4 mos last year. Need to call Fidelity to find out how much money i prob. lost. thanks!!
@JasonBuckman
5 ай бұрын
I have a Fidelity 401(k) and 403(b).
@ham3ed
2 жыл бұрын
One question, can you take out principal from Roth 401k, the way you can do it with Roth IRA (without penalty obviously)?
@tenestetubo
Жыл бұрын
Thank you, for making so easy to understand
@josephwest2282
Жыл бұрын
How to do a Roth 401k as a 1099 and self employed
@FinancialSelfReliance
2 жыл бұрын
Great video... there are so many that have no idea about these features and benefits in their 401(k)... The other thing is that there are a lot of different features and benefits that may or may not be in the persons 401(k). I also highly recommend people check in on their 401(k)s regularly. You have some great editing... do you do your own or have someone do it?
@rogelioagrazsanchez6652
10 ай бұрын
At 77 I prob won't care about that money anymore .
@phillyboylaboy
Жыл бұрын
Nice video. Just subscribed. If i reached the max contribution amount per year by say october, does that mean i lost the employee match for nov and december?
@dstaff4134
Жыл бұрын
While I'm not an investment professional, I do a considerable amount of research to keep my investing and savings in check. I also had this concern previously. Based on several videos on YT and several web searches, the short answer to your question is yes. I also proved this to my self one year and won't make the same mistake again. Now the long answer: Hopefully you track your finances/investments with a budget. I simply use an Excel worksheet to track all income, expenses and investments. With the FED putting limits on 401k's I broke that down by 12 to determine my monthly contributions. I rounded my contribution down one percentage point to allow for extra cash from holidays and bonuses. Then if you are slightly short at the end of the year you only have to increase a percentage point or two in the final month or two to adjust for the difference.
@Mr._Rick
8 ай бұрын
If your plan allows after tax contributions. You can switch to after tax and still get matching funds. There is a limit for pre tax / Roth and a much larger limit for total contributions, you and your employer.
@Fergusonbeefs
3 ай бұрын
Mine matches 50% how good is that ?
@SmallTownBigDreamsKindofGirl
Жыл бұрын
can you elaborate or make a video on the topic of rebalancing swapping bonds to avoid tax gains?
@Goldenlion1991
Жыл бұрын
when does that True up deposit? Does it depend what type of field you are in, for example I work in tech sales, so in theory I could have a few commission checks early in the year and max it out fast.
@michaelstewart3314
2 жыл бұрын
Fantastic explanation moneybee! Every company I’ve worked for has used fidelity so this is perfect!
@Defender0fDead
Жыл бұрын
After the company match, you might as well invest yourself. If you do the research it's not hard to beat the "market".
@coreyburke3493
5 ай бұрын
Almost nobody beats the market. They may show you a year or so where they did, but almost nobody including fund managers beats the market over 10-20 years. 99% of people would be better off just picking index funds
@NateIcke
2 жыл бұрын
In Aussie Super our total concessions contributions are $27500 peryear, including employer contributions. I pretax $500 per fortnight. We only have Super. We have to invest into other things over here
@NateIcke
2 жыл бұрын
Iike your content money 🐝 thankyou
@123hhww
5 ай бұрын
you are stunning
@teams3345
7 ай бұрын
Been there and I did it for 35 years.
@zachhenson7844
Жыл бұрын
Mine offers 7% so i put in 7%
@moussaipresidangue3203
8 ай бұрын
very informative , well done!
@tylerbrown4374
7 ай бұрын
What they don't tell you is if you want to add more, you can create multiple 401K accounts
@theodoreanderson7911
4 ай бұрын
But the annual contribution limit applies per individual, not per account. So, regardless of how many 401k accounts you have, the contribution limit is the same for each person. You cannot exceed the annual contribution limit across all your 401k accounts. So, what would be the point of having multiple 401k accounts if you can’t contribute beyond the annual limit set by the IRS? Are you thinking of one account being self managed and the other a target retirement account? Or, are you thinking of diversifying the risk? Have a higher risk account and lower risk account?
@tylerbrown4374
4 ай бұрын
@@theodoreanderson7911 My apologies for just seeing this. Not sure why my notifications didn’t pick it up. Even though the ROTH is 7k limits you’re not limited to the amount of ROTHS you can have. The goal is to grow as much in your 401K tax free as possible. If your debt free (Like I am) you can attribute more to you’re portfolio. Yes you have a limit (which I think is stupid) to invest your money into. I personally have multiple Roth investments accounts. If one limits out I have a spare. Hope this helps you understand better of the point I was trying to make
@inubbzz7
3 ай бұрын
That's not true. The limit applies to the individual, not the account.
@countdown2xstacy
10 ай бұрын
Great video
@josephmaddox6502
7 ай бұрын
Do you still invest
@One12ondeck
5 ай бұрын
Yes
@casderyo
2 жыл бұрын
Great info, but it's pronounced F-ii-delity. Like "it". F-"i"-del"it"y. Fidelity.
@badass77bowtie
11 ай бұрын
Fuh del ity
@Jumpnpunch
Жыл бұрын
No value in this video
@OtakuKota
2 жыл бұрын
I use to do 401k, but don't do it anymore. It's only good if you live that long, I do not plan to live that long. There are other factors as well.
@Altseasun
2 жыл бұрын
I really like you Bee
@bidensdeadbrain.5913
Жыл бұрын
Would you sell me some more counterfeit shares of #MMTLP ? #FINRAFRAUD Stop holding our shares hostage.
@FlakoRayR
Жыл бұрын
Too much talk and less action. You didn’t tell exactly where to put the money on a fidelity account.
@Conservative_Pulse
Жыл бұрын
That wasn’t the point of the video
@MondesirCarljoseph
Ай бұрын
Exactly
@nail928
7 ай бұрын
So I’ve been taking a loan on my 401k and of course pay it back do I pay taxes on that? Thank in advance
@coreyburke3493
5 ай бұрын
No taxes you just lose the possible growth of the borrowed funds
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