Tag: 401k
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Reacting to Financial TikTok | It’s Bad…Real Bad
Reacting to Financial TikTok | It’s Bad…Real Bad. Financial TikTok has gotten pretty ridiculous of late. Checkout how bad this financial advice can actually be!
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Can I Convert My 401k or IRA to be Tax-Free | WI Reaction
If a financial “strategist” is telling you to sell your 401k or IRA to be tax-free and they don’t mention the employer matching or the best financial vehicle available, the Roth IRA, it’s most likely a scam. In this reaction, Doug Andrew tries to convince us that buying his product is the best product for…
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TikToker and Team Ramsey Gets Everything WRONG | React
This TikToker get’s 401ks completely wrong. So the Dave Ramsey team has to respond by completely misunderstanding Real Estate. So much is incorrect by both sides that AJ couldn’t miss the opportunity to correct the record in this episode of react-ception.
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Save more; increased retirement plan contribution limits for 2023
Each year, the IRS sets the contribution limits for 401(k)-style plans, and Individual Retirement Accounts (IRAs). These increases are based on inflation, and this year, we’ve experienced quite a bit of that. HSA plans also received an increase announcement earlier in 2022, for those of you wondering. 401(k), 403(b), and 457(b) The 2023 contribution limitRead…
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Cheer up, retirement is possible and it can be great!
Everyday, AJ Sheff and I read stories on the internet which paint the picture of a 90 year old labor force which can’t afford to retire. This is exactly the kind of thinking that doesn’t help at all, and in fact, conditions people to accept the status quo and make no effort to affect positive…
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Congress is Forcing Major Retirement Policy Changes; Your Future Affected? | Secure Act 2.0
Congress just passed the Secure Act 2.0 and the Senate is looking to make a few amendments. This will have an impact on nearly every American who is saving for retirement. AJ breaks down he different planks of this policy and then gives his opinion on what major personal finance laws the government SHOULD pass.
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Americans 401k balances will make you sad
401k plans are continually growing in popularity. Today, more and more employers are offering the plan, which has become a staple of the retirement system of the future in the United States. That doesn’t mean the balances are booming. In fact, they’re rather pathetic.