The 401k: Is it a Good or Bad Investment Choice? HD

https://www.djellala.net/ The 401k is a saving and investing plan. A lot of people call it retirement plan. A lot of companies offer it for its employees. An employee can contribute up to 6% of his paycheck or salary. Some companies match 100%, others 50% more or less. It has a lot of advantages and disadvantages. Most people dont have money to invest at once with big money. So the solution is to cut some money each salary or paycheck and invest it in the 401k account. The company might match what you put and that is the best thing since your money grow faster. The disadvantage is that there are fees in the account. Second your investment is in the market that means you can incur risk and lose money as it had happened in big market like 2008. Calling 401k a retirement plan is false, because your money is limited. Americans lost their pension plan in the past, so 401k can not replace efficiently pension plan because 401k does not guarantee you a paycheck each month since the money is limited. If at 60 you have 200k, do you think this be sufficient for all your life after 60? Now people have no choice. Moreover, if people have no investments or saving account, they will face real problems. Thats why almost all people continue to work, because they have little money to live upon. Thank you for watching. Please check my swing training levels at http://djellala.net Any question just ask directly to istockmoney@yahoo.com Free chart training https://gumroad.com/l/PYkDh/freetraining Facebook https://www.facebook.com/djellalafanpage Twitter https://twitter.com/djellala_llc https://www.linkedin.com/in/abdelkarimrahmane/ Subscribe to my youtube channel https://www.youtube.com/channel/UCO3vhVCXqUssYDYTInvto9A?sub_confirmation=1