Average 401k will run out in less than 5 years 😱😱 #finance #finlit #401k #iul #cvli #retirement #tax #market #security #moneysmart #socialsecurity

Is $40,000 pre-tax enough for you? Wild…because the average 401k only has a $250k balance. #finance #finlit #401k #iul #cvli #retirement #tax #market #security #moneysmart #socialsecurity

HERE’S HOW 👇 1️⃣ Budget out your monthly income. If you can’t do $600/mo, a great rule of thumb is putting 20% of your income into a growth account. It is very simple: If you want more retirement income, put more & if you want less income, put less. 2️⃣ Now, put your budgeted amount into a LIRP. What’s a LIRP? It stands for Lifetime Income Retirement Plan. With a LIRP, you don’t have to worry about every losing money or even running out of money hence “Lifetime”. The way these plans are structured, they often beat out traditional plans like Roth IRA, 401k, 403B, TSP, in terms of income. 3️⃣ The hard part is finding somebody who can design it correctly for you. Luckily for you, I’m right here 👉@retirewiththuan. I’ll walk you through the entire history of retirement plans, who created what, and really hold your hand through the entire process. Finance is so complicated already, let’s make it simple. Comment “LIRP” if you want to learn more and follow the arrows on my page! Also let me know what age I should do next! FOLLOW @retirewiththuan if you want to keep learning more about tax-free retirement, protecting your money, and financial security! #FinanceTips #RetirementPlanning #TaxFree #Money #MoneyTips #GenZfinance #GenZ #HowToMakeMoney #FinanceGoals #Retirement #LifeStyle

3 things I wish my parents knew… #learnontiktok #parentingtips #finance101 #financetips #fyp #viral #fintok