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Set Up Your 401K, 403B, or 457B and Save for Retirement!
Rating: 4.3 out of 5(13 ratings)
317 students

Set Up Your 401K, 403B, or 457B and Save for Retirement!

An easy to follow course for anyone with access to a 401K, 403B, or 457B​​
Created byMichael Murphy
Last updated 10/2020
English

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!

Course content

7 sections26 lectures1h 41m total length
  • Course Overview3:06

    Follow five actionable steps with checklists to build retirement savings fundamentals and navigate your 401k, 403b, or 457b, with video guidance, downloadable resources, and calculators to track progress.

  • Congratulations And Welcome!2:20

    Celebrate taking the first step to set up your 401K, 403B, or 457B and join the top 33 percent of retirement savers.

  • Welcome Orientation Checklist/Quiz

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:

  1. Your employer may be willing to put money into it if you do... that's right, FREE money!

  2. It has a passive "set it and forget it" aspect to it!

  3. 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