Why you should max out your 401K is explained in detail.
00:00 Intro
00:29 Pretax 401K
00:48 401K Contribution Limit
01:11 401K Employer Match
01:50 401K Vesting Schedule
02:28 401K Advantages
03:01 Tax Rate Difference
04:46 Tax deferred compounding
07:07 Isn't $23K too big for 401K contribution?
Tamil Version: 401K: • 401K Explained in தமிழ் (US Retiremen...
References:
https://www.nerdwallet.com/article/ta...
http://www.moneychimp.com/calculator/...
Other Related Episodes:
Marginal Tax Rate: • Marginal Tax Rate Vs Effective Tax Rate
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Health Insurance: • How to compare health insurance plans?
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DISCLAIMER:
The content of this video is my own opinions and is for information purposes only. It is not intended as a substitute for professional financial advice. It is only intended to provide education about investments.