401k The Pros and Cons HD

Do not forget Thanksgiving discounts, it will end Sunday at midnight Eastern time. 401k is a retirement investment plan. It has advantages and disadvantages. The best thing is to save money and get free money from your company, you are working for. when you contribute some money each paycheck, your company matches some money, it can be 100% or less than that. So you will be building wealth and it is a nice habit to save money and invest it. The big disadvantage is that it is for retirement. So you can not take your money before 59 and 6 months except when there is a hardship where you pay tax on this money and get a penalty. Plus since this money is not taxed, well each time you take money you get taxedaccording to your brackets. Try your first training for free at https://djellala.net Free chart training https://gumroad.com/l/PYkDh/freetraining Subscribe to my Youtube channel for more information https://www.youtube.com/channel/UCO3vhVCXqUssYDYTInvto9A?sub_confirmation=1 Trading is Math, It is Not Magic https://www.youtube.com/watch?v=S9RdM1ytJIY How I lost all my Money When a Beginner? https://www.youtube.com/watch?v=fs00c8hePvI