Since 1980, pensions plans have been phased out in favor of 401(k) plans. They now represent nearly one-fifth of the U.S. retirement market. So how did 401(k) plans become such a popular form of retirement savings and how should they be used? Watch the video to find out.

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How 401(k) Plans Work And Why They Killed Pensions
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Seven 401k Mistakes (401k Investing for Beginners)

A 401k can be an amazing investment vehicle, allowing everyday working people to build wealth over the course of their career. Although, there are some drawbacks to these accounts that you should be aware of and they’re not always the unicorn of investing. Failure to comply with the rules and guidelines that come with this retirement account could leave you with unexpected fines and tax bills from the IRS. Does it make sense to use a 401k only, keeping the entirety of your investments in a single account or are there better places to park your cash? These are some of the most common mistakes investors make with these retirement accounts.

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Each of these videos is completely original–written, narrated and animated by myself.
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The script is then narrated by me and the animated using VideoScribe. Each image is individually selected, timed and synced with the narration to create a flowing video.

DISCLAIMER: Nothing published on my channel should be considered personal investment advice. Although I do discuss various types of investments and strategies, I am not a licensed professional. Please invest responsibly.
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