401K Explained: Boomers Love 401(k)s... Should You?

Not sure how your 401(k) actually works? You’re not alone. In this animated breakdown, we simplify retirement planning by showing how your 401(k) stacks up against one an IRA, what the stock market has to do with it, and why compound interest is your best friend. If you're serious about personal finance and investing for the long game, this is the no-fluff guide to making your future money work as hard as you do. Subscribe for budgeting, finance, money tips, wealth building, and passive income ideas. Inspired by @PracticalWisdom, @JohnsMoneyAdventures, and @easyactually Inspired by What is a 401k? | by Wall Street Survivor Inspired by Is A 401(k) Really A Good Retirement Plan? Inspired by 401K Explained Simply for Beginners Inspired by Roth IRA vs 401(K): The Best Investment For You | NerdWallet Inspired by Seven 401k Mistakes (401k Investing for Beginners) Boomers Love 401(k)s. Should You? Don’t depend on Social Security—make your own way. The 401(k) is the cheat code to life. Meanwhile, you’re out here ghosting HR emails like they’re student loan collectors and pretending retirement is some government conspiracy invented by the fax-machine generation. Also check out: On @MakeItMakeCentsss we will go through money management, money habits, saving money tips, and financial freedom. Stay tuned for the latest on #investing, #financialfreedom, #money, #animation, and #investingforbeginners. Disclaimer: The information provided in this video is for educational and informational purposes only and is not intended as financial, investment, or legal advice. Always do your own research and consult with a licensed financial advisor or professional before making any financial decisions. All content is based on personal opinions and experiences. Some links included in this description may be affiliate links, which means the channel may earn a small commission at no additional cost to you. Any third-party materials used fall within the guidelines of fair use for educational content. Click here to subscribe: https://bit.ly/4dvQorn Click here to subscribe: https://bit.ly/4dvQorn