Fund Your 401k First...Not Beyonce'

About this episode

This episode discusses the importance of contributing to a 401(k) for long-term wealth building and avoiding common financial mistakes.

Want to build long-term wealth? In this episode of Financial Flex with Lex , we’re diving into the importance of contributing to your company’s 401(k). With 70% of Americans participating but only 47% of Gen Z, many are missing out on key retirement benefits. Learn how 401(k) plans work, the power of employer matching, and why starting early can make all the difference. Tune in to avoid common mistakes and take control of your financial future today! Research Links https://www.healthcare.gov/glossary/federal-poverty-level-fpl/ https://www.ssa.gov/faqs/en/questions/KA-01903.html https://www.missionsq.org/products-and-services/iras/ira-vs-brokerage-account-whats-the-difference.html https://www.investopedia.com/articles/retirement/09/vehicles-save-retirement.asp#toc-saving-for-retirement-via-a-brokerage-account https://www.nerdwallet.com/article/investing/retirement-statistics#:~:text=Average%20401(k)%20employer%20contribution%3A%204.6%25,-Probably%20the%20best&text=The%20most%20common%20formula%2C%20according,to%206%25%20of%20their%20salary . https://www.irs.gov/newsroom/irs-tax-tips…

Topics covered

• 401(k)
• retirement planning
• financial literacy
• wealth building

Keywords

• employer matching
• Gen Z
• retirement benefits
• financial future

Mentioned in this episode

Products: 401(k) plans

Books & works: Financial Flex with Lex

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