401(k) Explained in 3 minutes | 3 Things you need to know about the 401(k) Retirement Savings Plan

What is a 401(k) retirement savings plan? Under 3 minutes, you will learn about Roth vs Traditional 401(k), the definition of 401(k), and what it means to receive employer match to your 401(k) contribution. Vanguard Retirement Income Calculator ➡️ https://investor.vanguard.com/calcula... 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: https://www.firepsychat.com/coaching 📧 Email: [email protected] 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ https://www.firepsychat.com/contact 📷 Additional FIRE Videos 📷 Backdoor Roth IRA -    • My Fat FIRE Retirement Plan with Back...   Fat FIRE Roadmaps -    • How To Follow 2 Financial Roadmaps & ...   Create Generational Wealth -    • 5 Steps to Create Generational Wealth...   How I save 60% of My Income -    • How I Save 60% Of My Income To Achiev...   🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 https://www.epidemicsound.com/referra... ⏰ Table of Contents ⏰ 0:00 Introduction 0:05 What is a 401(k)? 0:31 What is a 401(k) Employer Match? 1:58 What is the difference between Roth 401(k) and Traditional 401(k)? #FIREPsyChat #FinancialIndependence #401kExplained 🤳 Add me on Instagram @FIREPsyChat 🤳   / firepsychat   📖 Start educating your children about financial literacy today! 📚 Piggy Bank aka “Ham” from Toy Story - https://amzn.to/2SIdndD Monopoly Classic Game - https://amzn.to/3gAL1Ly Kids Bank Play Money Set - https://amzn.to/3q64gQh 📷 Equipment Used for This Content 📷 Sony ZV-1 - https://amzn.to/3cmk63n Rode VideoMicrophone - https://amzn.to/3uZDz0i GVM LED Light - https://amzn.to/2T3kGwe SanDisk 128GB SD Card - https://amzn.to/3fVJ5Nn 3-Pack Replacement Batteries - https://amzn.to/3fUjqEx Portable Charger - https://amzn.to/3uX9UVI Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinions. All Strategies, tips, suggestions, and recommendations shared are solely for entertainment and educational purposes only. There are financial risks associated with investing. You must conduct your own research and due diligence, or seek the advice of a licensed advisor if necessary. Affiliate Disclosure: Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinions and comparisons.