
This video challenges the common belief that 401(k) plans are the best way to save for retirement due to their tax advantages. It argues that Wall Street and financial advisors often oversell the benefits of 401(k)s, such as deferred taxes and tax-free growth, while neglecting to mention their limitations and potential downsides. These include limited investment options, high fees, and the fact that your money is locked in until retirement age. The video also questions the assumption that you'll be in a lower tax bracket when you retire, and points out that you might end up paying more taxes on your 401(k) withdrawals than you would on long-term capital gains outside of a 401(k). The video suggests that investing in cash-flowing single-family rentals could be a more profitable and tax-efficient strategy. It concludes by encouraging viewers to consider alternatives to 401(k)s and to make informed decisions about their retirement savings. Learn the tips & strategies to get the most out of life with your money. Get started today β https://offer.flipsystem.com?el=youtubeericmartel π Subscribe to be notified for future videos: https://www.youtube.com/@ericmartelofficial For more resources and content, check us out below! π Founder of FlipSystem, MartelTurnkey, and RocketOffr. π Get a copy of my book https://www.amazon.com/dp/B08KWM5PW1 π Subscribe to my other channel https://www.youtube.com/c/BreakAwayfromtheRatRace βοΈ Following me on all social media @ericmartelofficial π¨βπ« Mentorship https:/marteleric.com/mentorship π» Check out my Personal Website https://marteleric.com#401k #retirement #realestate #realestateinvesting