Host John Chapman of the John Chapman Show breaks down the history of 401k as well as the reasons why 401k are so important nowadays. He also talks about the 4 biggest mistakes people make and then shares tips for saving and building your 401k.  Episode Highlights:          John Chapman introduces the show topic of 401k plans.          What does the financial retirement landscape look like right now?          What is the power of the 401k?          How does a company match work?          What are some of the biggest 401k mistakes?          What should you know about taking a loan from your 401k plan?           John Chapman offers important 401k suggestions. 3 Key Points:   The first 401k was signed into law by Congress in 1978.    According to the Department of Labor, there are $6 trillion dollars in 401k assets.   The 401k is automatically deducted from your paycheck and it is tax-deferred.  Tweetable Quotes:     “‘The total retirement money landscape right now is $28 trillion.”– John Chapman     “You have to save and invest. You can’t count on a penchant unless you work for the government.”– John Chapman     “Social security? Sure, it might be there, it will probably be there for our parents. But for us (millennials)? Just not something to count on.”– John Chapman Resources Mentioned: ● Linkedin: John ChapmanSee omnystudio.com/listener for privacy information.

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