@nobudgetbabe: 🌟 Stop maxing out your 401(k). Let's talk about why 👇👇👇 💡 401(k)s often come with high fees and limited investment options. These seemingly small fees can add up to hundreds of thousands, even seven figures, in fees over your lifetime. Shocking, right? Even a mere 1% difference in fees can translate to a significant reduction in your retirement income, potentially shortening it by a decade. Here's what I'd suggest: only utilize a 401(k) if your employer matches contributions. Free money is always a win! After securing the match, consider investing on your own outside the 401(k). A Roth IRA or traditional IRA could be excellent options. Once your IRA is maxed out, then think about returning to the 401(k) for further retirement investments. If early retirement is your goal, a standard brokerage account might suit you better due to its flexibility in withdrawals. Setting up these investment strategies takes about 20 minutes, and then your investments work on autopilot, earning while you sleep. As your newest seven-figure mentor, I'm here to guide you through these financial strategies. Ready to take charge of your financial future? Check our bio for free trainings or apply to work with me. Let's start securing your path to financial success! 💼💰

Nicole Victoria | Money Coach

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Region: CA

Friday 15 December 2023 17:22:39 GMT