@whatsamortgage_: Think twice before maxing out your 401K! The fees on those active mutual funds (averaging around 1%) can seriously eat into your retirement savings. For example, if you put in $25K and add $500/month at an 8% return over 35 years, you might expect $1.44M—but with a 1% expense ratio, you’d end up with about $1.1M. That’s a $300K difference! My advice? Only contribute enough to get your full company match (typically 6%), then explore low-fee alternatives like a Roth IRA with index funds (expense ratio around 0.05%). This strategy could keep more money in your pocket for the long haul. Call your financial planner, review your 401K, and make sure you’re not overpaying on fees. If this video helped you, please share it! #RetirementPlanning #401K #InvestingTips #PersonalFinance #RothIRA #IndexFunds #FinancialFreedom #MoneyMatters@Minhs2Cents

Minh Nguyen | Mortgage Broker

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Tuesday 25 February 2025 01:04:52 GMT