♫musicjinni

401K is in TROUBLE | 5 Steps to Boost Your 401K Investments in 2023

video thumbnail
Vanguard recently reported that the average 401K balance has fallen from $141,542 in 2021 to $112,572, or about a 20% decline. It wasn't just the performance of the market, but there were other factors that contributed to the decline.

Private Group Coaching with Psy
➑️ https://www.youtube.com/channel/UCxVMI3H_O2PW5O4qpORkZ_Q/join

🀳 Psy on TikTok, Facebook, Instagram 🀳
➑️ https://linktr.ee/firepsychat

πŸ“– Get Your Free Financial Spreadsheets and Resources πŸ“–
➑️ https://www.firepsychat.com/resources

πŸ‘¨β€πŸ« Free Financial Coaching πŸ‘©β€πŸ«
Schedule a free 20-minute Individual Coaching Session
Schedule a free 30-minute Couple's Coaching Session
➑️ https://www.firepsychat.com/coaching

πŸ“– My YouTube Studio & Equipment πŸ“–
➑️ https://www.firepsychat.com/affiliates

For sponsorships and business inquiries
➑️ media@firepsychat.com

πŸ“· Additional FIRE Videos Mentioned In this Video πŸ“·
How HELOC Actually Works - https://youtu.be/5_ITQcU9bVo
Our $3.7 Mil Fat FIRE Plan - https://youtu.be/reTqzu6wxf0
How We're Saving 70% of Income (2023) - https://youtu.be/wDaHgGYFWT8
My $1.1 Mil Fat FIRE Progress (Sep 2022) - https://youtu.be/u5-xPa8oaW4
How to Become an Ordinary Millionaire - https://youtu.be/s_PeSnv5vE0
How to Start F.I.R.E - https://youtu.be/AD3HZdQu5ik
The Ultimate F.I.R.E Guide - https://youtu.be/eun63UVv1-Q
How to Invest in an HSA - https://youtu.be/D-FCOace8yw
Become a TSP Millionaire - https://youtu.be/LywqKszffH4
Financial Independence Calculator - https://youtu.be/Hg4dgw2ZbB4

⏰ Table of Contents ⏰
0:00 Why 401K is in Trouble
5:57 Analyze your 401K contribution
7:20 401K Investment Priority
8:23 Income Analysis
10:40 Retirement Age
13:02 Set Retirement Goal

#FIREPsyChat #FinancialIndependence #401K

🎡 Music and Sound Effects Provided by Epidemic Sound 🎡
https://www.epidemicsound.com/referral/de9jqv/

Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence or seek the advice of a licensed advisor if necessary.

Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.

How Much You Should Save In Your 401K By Age

How To Become A 401K Millionaire: Complete Investment Guide by Age

What RICH PEOPLE Know About 401k’s That YOU DON’T 🚨

How To Actually Retire In 7 Years (Starting With $0)

How to Choose the Right 401K Investments in 2023 | 401K Millionaire Guide

401K Calculator by Age | How Long It Takes to Become a 401K Millionaire

Is A 401(k) Really A Good Retirement Plan?

How To Retire In 10 Years (Starting With $0)

How To Become A 401k Millionaire (Step-By-Step), DO THIS NOW... | Jaspreet Singh

How much $$$ you should have by age… (Median Net Worth)

Average 401(k) Balance by Age (2023 Edition)

Make $1,000,000 in Ten Years By Investing This Much Each Month

Warren Buffett: 40 Years Old & NOTHING SAVED For Retirement? πŸ‘‰ Do This ASAP! πŸ‘ˆ

My $1.9 Million TSP Investment Strategy in 2023 | Financial Independence with TSP

I Invested $1,000/Month for My Retirement - Here's How Much I Made

New 401K Rules You Need to Know Starting in 2024

How We Retired Early With $540K At 40 In Colorado

How I Saved $380K By Age 29 To Retire Early | Fired Up

How Much I Have in 401K After 22 Years | Financial Independence Calculator

How much money is in your bank account? πŸ€”πŸ’° #shorts #finance #interview

Go From $1 To $1M: Become A 401k Millionaire! #shorts

My Complete Timeline to Retire Early by Age 45 | Financial Independence Checklist

How I spent my $200k lawyer salary #shorts

New IRA & 401K Early Withdrawal Rules Starting in 2024 | Early Retirement Guide

Become a 401(k) Millionaire with this Strategy | How to Invest in Retirement Accounts

Why Net Worth Goes CRAZY After $100k!

Average 401(k) Balance For a 40 Year Old (2023 Edition)

How 401(k) Plans Work And Why They Killed Pensions

401k Tips For Beginners! (10 Tips To Help You Retire a Millionaire!)

4 Ways to Save $1 Million in Your 401(k)

Disclaimer DMCA