How To Manage Your 401K During A Recession - 401K CARES Act

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Many people were shocked to see their 401k accounts dropping in value after the 2020 economic slowdown. This is why you need to know how to manage your 401(k) the right way and in this video, we talk about how to manage your 401k during a recession.
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How To Manage Your 401k During A Recession
0:23 - The majority of people have been investing in their 401k as their retirement plan for years and are worried about what to do with their 401(k)
1:44 - How the 401k works as a tax deferred retirement account and an investment account
2:45 - How the 401k is changing during this pandemic by letting you pull out $100,000 from your 401k
3:30 - Understanding 401k taxes in this economic slowdown and comparing a Traditional 401k with a Roth 401k
5:00 - How to protect yourself from taxes going up in the future with a Roth 401k
5:10 - What to do if your company suspends your 401k match
6:20 - The downfall of investing in your 401k especially if you aren’t getting a company match
7:30 - Why financial education is so important to invest your money in your 401k
8:04 - Understand your 401k fees by comparing actively managed funds and passively managed funds in your 401k
10:20 - Comparing a passively managed fund with actively managed fund for your 401k
11:55 - When actively managed funds can be the most useful
12:08 - Asset allocation in your 401k - how to manage your 401k money the right way
13:36 - Why I’m not a big fan of retirement planning and my idea of lifestyle design plus investing for cash flow
14:45 - How to grow your money tax free with real estate
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Video host: Jaspreet Singh

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DISCLAIMER CONT'D: I'm just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Видео How To Manage Your 401K During A Recession - 401K CARES Act канала Minority Mindset