Retirement Plans Explained for Beginners: 401k, IRA, Roth & More in 2024 💼

In this video I go over an overview of retirement plans including the 401k, the IRA, the Roth versions (Roth 401k and IRA), as well as the SEP IRA, the 403b, and 457b plans. We also talk about the frequently asked questions many people have when it comes to investing in these retirement accounts. This is an updated video for 2023/2024. Roth IRA/IRA Information: https://www.fidelity.com/learning-center/smart-money/roth-ira-contribution-limits Timestamps: 0:00 - Start Here 0:43 - Traditional 401k 4:26 - Traditional IRA 5:52 - Roth 401k 7:44 - Roth IRA 9:57 - Self Employed IRA (SEP) 10:38 - 403b 11:34 - 457b 12:25 - Frequently Asked Questions FREE STOCKS: 🏆 Webull Deposit a Minimum of $500 and Get a Guaranteed $50 Free Stock: https://www.webull.com/k/HumphreyYang 🏆 WeBull UK: https://www.webull-uk.com/i/humphreyUK (Get 2 Free Stocks when you deposit £100 and maintain funds for 30 days) 💸 SoFi Checking & Savings: https://sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply. Follow me on social media: Instagram -- https://instagram.com/humphreytalks Twitter -- https://twitter.com/humphreytalks TikTok -- https://tiktok.com/@humphreytalks Rickie (Editor) ➭ https://instagram.com/coldgamerick RESOURCES: 💵 Free Guides / Templates: https://beacons.ai/humphreytalks/freedownloads 🐪 Hump Days Newsletter ➭ https://humpdays.substack.com ▶️ Join the Patreon Community ➭ https://whop.com/c/critical-wealth/ytd 💳 My Favorite Credit Cards ➭ https://cardonomics.com/i/humphrey PS: I am not a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!