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 PT 401I 2019

2019-2025 Form

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Video instructions and help with filling out and completing PT 401I Form

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Instructions and help about PT 401I

if you watched my previous video I went over how the 401K works and the rules this is part two on how it can affect you now the first part of the 401K I went over was going to be the taxes now if you look back in 1978 when the 401K was created the highest tax rate was going to be at 70% so the idea of the 41k and deferring your taxes actually made sense because the thought was by the time you reach retirement the taxes would actually be lower but what about now we are at historically low taxes you have the government spending trillion dollars in debt and inflation going on do you think taxes in the future are going to go up or go down now that's for you to decide and choose which one it would be and the second thing I went over was that you had the opportunity to grow your money in the market so when the market went up your money went up when the market went down your money went down so how does that really affect you when you lose money well

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