How 401(k) Plans Work And Why They Killed Pensions
Ideas Tags: 401k, Killed, Pensions, Plans, they, WorkNo Comments »
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.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Subscribe to CNBC PRO: https://cnb.cx/2NLi9AN
#CNBC
How 401(k) Plans Work And Why They Killed Pensions
Video Rating: / 5
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.
One book EVERYONE should read: https://amzn.to/36rF4cl
Credit card I use: http://refer.discover.com/s/CHRISTOPH…
Savings account I use: https://capital.one/2CvryHB
Sign up with Robinhood to get FREE stocks: http://share.robinh4ood.com/christw132
Each of these videos is completely original–written, narrated and animated by myself.
My equipment/programs
Blue Yeti Microphone
Apple iMac
GarageBand
VideoScribe
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.
Video Rating: / 5