Set Up Your 401K, 403B, or 457B and Save for Retirement!
What you'll learn
- + How to enroll and setup your retirement savings account.
- + How to be sure you're getting all the "free money" your employer is willing to contribute to your retirement!
- + Understand and select investments.
- + How to identify and avoid costly investment funds.
- + Start building wealth!
Requirements
- You have access to a 401K, 403B, or 457B through your employer.
- You have internet access.
Description
It may seem unbelievable, but by the time we get through Step 5, you'll have selected investments for your retirement account! Whatsmore is that you'll be comfortable and confident in your investment decisions because (1) you understand key indicators and (2) you have compared them to your other options and know you're selecting the best available funds!
Regardless if you are good at saving money or not, if you have access to an employer-sponsored retirement savings plan, like a 401K, 403B, or 457B, you have access to an incredibly powerful wealth accumulation tool which if used properly could change your life.
What's wild is that 66% of people with access to a retirement savings plan are not using it! It's a total shame too because once they are set up, it is arguably the easiest way to save money and create wealth.
Why do I say that? 401Ks, 403Bs, and 457B, are great for three reasons:
Your employer may be willing to put money into it if you do... that's right, FREE money!
It has a passive "set it and forget it" aspect to it!
Putting money away over a long period of time allows you to take advantage of compound interest and grow your money!
BUT get the benefits you have to get it set up and start contributing. That's what this course is for!
After you complete this course you will have selected investments, set your contribution amount, and you will start investing with every paycheck. Its passive and super easy to maintain after getting your account setup.
In fact, investing just 10$ a day could make you a millionaire in 35years even though you only put away 131,000 of your own money! It seems crazy but it's possible. The catch is you have to start saving and investing!
You can get started now!
The course will walk through 5 steps for setting up your retirement saving and investing account. The steps could be categorized as follows:
Preparation:
Step 1: Assemble Information
Step 2: Get Familiar
Step 3: Your Investment Options
Training and Learning:
Step 4: Learn The Keys of Investing
Execution:
Step 5: Setup Your Retirement Account
While Steps 1-3 are essential for Step 5, the bulk of the training in this course will be focused in Step 4. That's where we'll dive into the in's and out's of retirement investing.
It may seem unbelievable, but by the time we get to Step 5 you'll have selected investments for your retirement account. Whatsmore is that you'll be comfortable and confident in your investment decisions because (1) you understand key indicators and (2) you have compared them to your other options and know you're selecting the best available funds!
This will be an exciting, and fruitful, journey so let's not delay.
Who this course is for:
- Anyone with access to a 401K, 403B, or 457B.
- Anyone that wants to learn how to activate a 401K, 403B, or 457B.
- Anyone eager to learn and start saving for retirement
Course content
- Preview03:06
- Preview02:20
- 3 questionsWelcome Orientation Checklist/Quiz
Instructor
![Michael Murphy](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.2 Instructor Rating
- 77 Reviews
- 3,551 Students
- 2 Courses
To say I am passionate about personal finance would be an understatement. I have been saving and investing since I was in grade school.
I have done everything from buy penny stocks, commodity trading, day trading, etc.. While I have made good money doing that (at times) I found investing preoccupied my mind all day... I knew something wasn't right. I realized the problem was the investing I was doing was risky and that made me constantly worried.
It wasn't worth it. since then I've read dozens of books and tried several other investing methods until I found one that allowed me to grow my nest-egg without much thought or effort. The best part is, anyone can do it.
I always knew saving and investing was important for building wealth and financial freedom. As I've gotten older I've realize why wealth and financial independence is important... It gives you options in life. Options to travel, to send your kids to nice schools, to spend less time at work, to have nicer things, to worry less, to give more, and the list goes on...
Saving and investing doesn't have to be difficult or complicated. In fact, it can be almost as easy as setting up your Udemy account!
I want to help as many people as possible get started saving, investing and on their way to accumulating wealth in their lives so they can have a future full of options too!