401k modern rollover guide (Financial Safari)
Did you know your 401k does not provide retirement income? Coach Pete breaks down what a 401k is and how they should be utilized.
e again, everyone Chuck cake in here along with America's wealth coaches coach Pete Dorota, and we're going to talk some numbers Here. There's a four. There's a zero. There's a one and then Que is in Keeton. It's the 401 K plan and a coach. Pete's got a box set that is extremely lucid for your perusal, and we coordinate our colors today did way. Look at this amazing color coordination we did. We don't even know we're going to do these videos today. Absolutely. Let's go over it like a like a glow in the dark, just like the golf balls I used to use when I played. Go. OK, you need that. I've got some kind of really got the financial safari background. Totally color coordinated, I think so. It's going to get inside of greens. Grace would be to head bouncing around way put together this Chuck. This is the most valuable guide I've ever done. And the reason why is it talks about 41 case four or three B's and thrift savings plans. Now what the most people watching have for 143 B's and Thrift savings. Absolutely everyone is trying to save money. And a lot of times we forget why we're putting money into 41 K or 43 beer tsp. You know what the reason we're doing it is because the companies aren't giving us a retirement plan anymore. If we don't utilize the 41 K we're never gonna be able to retire. Absolutely. And the nice thing about it is many employers match. It was certain that too. So I wrote this guidebook on the 41 K and also made a box set out. We got a DVD. We got workbook, guidebook and worksheets on How to maximize your 41 K Benefit and Chuck one of the main reasons people take advantage of the 41 K Again, it's for retirement income or replacing the pension. What is one of the main things? The 41 K plan does not offer income. It doesn't give you that one some, So we talk about it. We give you a brief history of the 41 K It's been around for a long time. Now we talk about fees is a lot of hidden fees, and we call on financial termites in your 41 k we talk about when you're approached That financial red zone, which in my opinion, is 52 age 52 above. It's time to analyze your for a one k. There's a magic number we talk about here in the book Chuck. The magic number is age 59 a half. Now tell us why that's important, and this is the way you could be prepared, not surprised cause we're getting close to 59 a half. It's time to start mapping it out. Here's why. That's a very important number. It's a crazy number 59 but most for one case will let you roll some or all of your balance out of the 41 K into your very own lifetime income plan that again will grow when you don't need the money, it will protect the money from this feeds risky commissions and then we'll give you a lifetime income. What the 41 K doesn't do guaranteed for life for you and your spells to do it. Right now, a lot of people say, Well, Coach, I'm still working. Why would I want to roll the money out? Well, you can continue to put the new money into your plan and take even more risks. Have you ever dreamed up because now you've got the other money that you rolled out at 59 a half in a place that's growing not dependent on the market, and it's gonna be there. You know exactly what the incomes gonna be. It makes a whole lot of sense, folks and 59 a half crazy name, crazy number. But that applies to 41 case for three beats and thrift savings plans. If you're curious to see what that income would be based on the lump sum you have or portions of the lump sum, it's always great to see I like people to have two or three or four different income streams in retirement. You know, I call that a financial Philip every single market. Be great to walk out to the mailbox, see a green flag up on the mailbox, pull a check out. It's a metaphor, folks. There's no green flag and and I don't think they do checks now. They usually automatic deposit growing in the account. That would be great to know, no matter if your checkbook goes down to zero in this month. Next month is another check coming. That's what you don't have. If you have all your money in the stock market, stock market goes the wrong way. You may not be able to retire. Your retirement may have to be delayed, folks, I guarantee this you'll be worried every single day. So you take the warrior out of living in retirement, getting the proper plan. But the first step. Get this guide book workbook DVD inside the box set. It's gonna be available to you at no cost. But Chuck inside here is also a golden ticket $1000 values to put together for you your very own total retirement plan. Using the strategies we just talked about today, customized your numbers that financial Philip, that green flag on the mailbox, that peace of mind, lifetime income that you deserve because you've saved all its money. Now let's let that money pay you back for the rest of your life. Sounds good