How to know what to invest in 401k
What investments should you buy in your 401k?! #investing #401k #finance #newjob
Timecodes:
if you just started a job and you don't
know what investments to buy in your
401k let me put you onto a tip that's
going to make your life so much easier
odds are good when you log into your
401k portal you're going to see
something like this and you're
immediately going to feel nauseous
instead of getting overwhelmed with the
number of options you may want to look
at something called a target date
retirement fund these funds work by
choosing investments that are
appropriate for your age because
generally speaking when you're younger
you can afford to take more investment
risks and as you get older you're going
to be focused on preserving your wealth
okay but vivian there's 20 options what
you're going to want to do is figure out
what age at which you want to retire i'm
going to use 60 as an example then
you're going to do a little math and
find out what year you'd hit retirement
age for me it's 20 54. you then go back
to the list and find the fun with the
year closest to when you'd want to
retire 2055 for me i could then add that
fund to my 401k portfolio knowing that
it's tailor fit to someone my age i hope
this helps you invest your 401k money
i'm viviane your rich bff and a wall
street veteran so if you want to get
rich and stay rich hit me with
Related queries:
can i choose what to invest my 401k
what should i invest in my 401k
