08/22/2023
🚨 401K Hack ⬇️⬇️⬇️ (Read it all)
1. Only put in the amount of money that your company matches.
(For example, if your company pays you $50,000/yr and gives a 6% match to your 401K contributions, that means they are giving you up to $57.69/week free money. So you too should be ONLY contribute $57.69/wk to your 401k. )
Why do that? 🤷🏽♂️
❌ Because all the money deposited past the point of the match will grow…only to be heavily taxed later, penalized for early usages, pay high fees, etc.
❌ You end up with less actual money than you thought you’d get.
2. With your funds that exceed the match, deposit those funds into in a safe high interest yielding index fund account like an IUL (Indexed Universal Life) instead.
Why do that? 🤷🏽♂️
✅ Your 💵 will outperform your 401K in growth.
✅ You’ll have 0 risk from market losses.
✅ It comes with perks to have money in case of any critical, chronic, or even terminal medical issues that may happen later in life.
✅ It creates generational wealth instantly.
✅ You NEVER have to pay taxes on your $!😁
Thank Me Later!! 👍🏽
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Click the link below & Book Your Free Consultation with me and I’ll show you how to put it all together! ⬇️⬇️⬇️
I will educate on simple financial concepts, and help you construct & implement a Personal Financial Plan to suit your needs.
