Worth watching. No need to take it seriously, just take your time and understand what this video is about.
I will bring more interesting stuff.
Most Americans don’t have a plan for much of anything…hardly news
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I think those working thought they had a plan. The most known is the 401K, which was for the glorious days when they retire.
But, longevity is good, so they are surpassing or living longer than their money. That’s why the famous Walmart is there to give them a job.
For those who don’t know it, 401K was a golden parachute for the key persons on any company. It wasn’t for mass consumption if I may say so. A smart guy studying the tax code found out it could be package as a commercial use for the masses, thus, ending the days of retirement packages for Americans.
That’s how employers got rid of responsibilities by ignoring that they were supposed to give their employees a golden parachute for when they retired.
Even now companies, many tech companies, are giving 401k match every pay check that accumulates as golden parachute when they retire/resign ! Each year they provide $5000 to $15000 (almost 4% to 8% range) depending on the pay scale.
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When we do not OWN the money, we need a loan. Here we are at the mercy of some company !
When we OWN the money, we do not need loan. Here we are living like a king/queen on our own !!
The second choice is far better than first choice !!!
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Something very important to learn right this minute. This is what everybody should watch, very informative.
Up to 17 fees, and soft costs on your favorite “retirement” package. Count the up and downs of the market at this minute.