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The Step-By-Step Guide To Your 401k Plan

Austin Abell, Glass Jacobson Financial Group, and Jonathan Dinkins CPA/PFS

This course will help you come up with a simple plan to reach retirement using your 401k plan.

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This course will help you come up with a simple plan to reach retirement using your 401k plan.

  • Should you enroll?
  • How much should you save?
  • Which investments should you choose?
  • Pre-tax or Roth?
  • How do you get all the free money offered to you by your employer?

Getting these answers wrong could cost you 100,000's of dollars.

Enrolling in this course could be one of the best financial decisions you'll ever make.

We will walk you through the whole process of enrolling and maximizing your 401k using easy to understand white-board animation videos.

You will learn why you should care about your 401k, how much to save, which investments to choose, and how to get all the free money your employer is offering you.

What makes me qualified to teach you?

Before working at Glass Jacobson Financial Group, I assisted over 10,000 Millionaires with their investments while working in the High-Net Worth Department at one of the worlds largest financial services companies. Through those conversations with investors I refined my ability to simplify complicated investment topics into easy to understand steps.

Prior to that, I co-built a series of technology focused education sites that have generated over 5 Million users and 25 million page views.

Combining my background in web based education with my passion for investment education, I developed (along side a team at Glass Jacobson), a video based 401k education tool called 401kbuddy.

At Glass Jacobson Financial Group we use 401kbuddy with individual companies, but we also wanted to reach the students on Udemy by building a course to help them with their 401k plans (regardless of where they work).

Typical 401k Education

  • Boring powerpoint presentation
  • Complicated language and graphs
  • 100 page booklet that makes you want to cry
  • Information that leaves you with more questions than answers

This Step-By-Step Course

  • Uses short whiteboard animation videos
  • Simplifies the entire 401k process
  • Is taught using simple terms (without the crazy graphs)
  • Answers the most important questions
  • Walks you step by step through enrolling
  • Helps you make sure you are on track to retire
  • Gives you a calculator to make sure you're not missing out on any free money
  • Addresses misconceptions about investing
  • Gives you the foundations you need for successful investing
  • We'll even help you find suitable investments.

PLUS. Bonus material to help you even further

  • Free access to a custom built 401kbuddy for Udemy site that walks you through choosing investments in your 401k
  • Unlimited use of our matching calculator to see how much free money you're missing out on from your employer (and how to get that free money)
  • Access to our Investor Questionnaire to help you see what type of investor you are, and some guidance on how to choose investments

Go ahead, click the "Take This Course" button. Why not? You’ve got nothing to lose (and potentially $100,000's of dollars to gain).

Enroll now

What's inside

Learning objectives

  • Have confidence about enrolling in your 401k
  • Receive all the "free money" provided by your employer
  • Avoid common mistakes made by employees
  • Have confidence your 401k is set up to suit your needs
  • Come up with a simple plan to reach your retirement goal
  • Decide between roth or traditional 401k contributions
  • Choose appropriate investments in your 401k

Syllabus

After section 1, you will have confidence about enrolling in your 401k. You'll know how much you need to contribute to take advantage of your companies match.
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You'll learn a little bit more about your instructors, Austin Abell and Glass Jacobson Financial Group. I will also give you a quick overview of the 4 sections in this course.

What is a 401k and why should you enroll? I'll break it down for you in this white-board animation video.

If you weren't convinced by the last video to enroll in your companies 401k plan, I'll give you 7 more reasons... including free money, convenience, and tax-savings.

Check out our calculator that shows you how much free money you're missing out on in your 401k: udemy.401kbuddy.com/free-money

Does investing feel complicated, scary, and really risky? We'll break down these misconceptions for you and explain why you can feel comfortable about the investments in your 401k.

The questionnaire shown in this video will help match you with an investor type and potential asset allocation. Find the questionnaire at: udemy.401kbuddy.com/investor-questionnaire

Section 2 will help you come up with a simple plan to reach your retirement goals.

Understanding the different types of investments doesn't need to be complicated! Think of stocks as being a part owner of a company, bonds turn you into a little bank, and mutual funds as burritos. 

Would you get on an elevator that was only being held up by one cable? I hope you wouldn't! The same principle applies to investing.

Research shows that the power of the market is incredibly powerful when it comes to choosing your investments. But what is the market, and why should you trust it? Find out in this video.

Think of your asset allocation like the speed dial on an elevator. Increasing the amount of stocks in your portfolio is like increasing the speed of your elevator... you might get there faster but you can expect a little motion sickness!

Learn how to turn $1,000 into $100,000! It's a proven strategy you won't want to miss.

The key to reaching your retirement goal is coming up with a plan, and sticking to it... no matter what! This video will give you a recap of what you've learned so far, and will explain how to avoid letting your head get in the way when it comes to investing.

You will be able to choose investments that are suitable for you based on your level of desired involvement and ability to handle uncertainty.

Now it's time to work on your investments in your 401k. This video will give you a quick overview of section 3.

Target date funds are the most simple option, as they get safer over-time and are chosen based on your retirement age.

Model portfolios (or Asset Allocation Models) or sometimes offered by employers. This video talks about some of the benefits of a model and how to decide which option is best for you.

Experts only! Building your own portfolio can be tricky, but rewarding for those experienced investors who want more control over the investments in their 401k. We'll give those investors a starting point on how they might build out their portfolio.

Roth or Traditional 401k?
You will take what you've learned and go enroll or make changes to your plan
Enroll/Make Changes (Email Templates)
Bonus Lecture: Other Resources + 401kbuddy At Your Company

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Tailored for beginners, this course presents 401k principles in a simplified manner
Offers a calculator to determine potential employer contributions learners are missing out on
Uses easy-to-understand video animations to convey concepts
Provides tools to identify suitable investments and avoid common mistakes
Explains different types of investments and their benefits, catering to varying risk tolerance levels
Focuses on retirement planning using 401k contributions

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Reviews summary

Informative 401k guide

According to students, this course is an informative and helpful guide to understanding and planning for your 401k. Learners give positive marks to the course materials, which are described as informative and valuable.
Course materials are described as informative and valuable.
"The information presented has been very informative and valuable."

Career center

Learners who complete The Step-By-Step Guide To Your 401k Plan will develop knowledge and skills that may be useful to these careers:
Financial Advisor
Financial Advisors typically provide their clients with advice about how to invest and manage their assets. They need to be familiar with financial products and markets. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial planning, which can be helpful for Financial Advisors who want to provide comprehensive advice to their clients.
Retirement Planner
Retirement Planners help individuals plan for their financial future, including retirement. They typically need to be familiar with retirement accounts, such as the 401(k), and investment strategies. This course will help students learn about the basics of retirement planning, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial planning, which can be helpful for Retirement Planners who want to provide comprehensive advice to their clients.
Financial Analyst
Financial Analysts typically provide research and analysis of financial markets and investments. They need to be familiar with financial products and markets. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Financial Analysts who want to provide insights to their clients.
Investment Analyst
Investment Analysts typically provide research and analysis of financial markets and investments. They need to be familiar with financial products and markets. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Investment Analysts who want to provide insights to their clients.
Financial Planner
Financial Planners typically provide comprehensive financial advice to individuals and families. They need to be familiar with financial products and markets, as well as retirement planning and estate planning. This course will help students learn about the basics of financial planning, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Financial Planners who want to provide comprehensive advice to their clients.
Budget Analyst
Budget Analysts typically analyze and manage budgets for organizations. They need to be familiar with financial planning and analysis. This course will help students learn about the basics of financial planning, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Budget Analysts who want to provide insights to their clients.
Personal Finance Manager
Personal Finance Managers typically help individuals and families manage their finances. They need to be familiar with financial products and markets, as well as retirement planning and estate planning. This course will help students learn about the basics of personal finance management, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial planning, which can be helpful for Personal Finance Managers who want to provide comprehensive advice to their clients.
Actuary
Actuaries typically use mathematical and statistical techniques to assess risk and uncertainty. They need to be familiar with financial markets and products. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Actuaries who want to provide insights to their clients.
Insurance Agent
Insurance Agents typically sell insurance policies to individuals and businesses. They need to be familiar with insurance products and markets. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial planning, which can be helpful for Insurance Agents who want to provide comprehensive advice to their clients.
Loan Officer
Loan Officers typically help individuals and businesses obtain loans. They need to be familiar with financial products and markets. This course will help students learn about the basics of investing, which will be essential to success in this career. Additionally, this course can help them to build a foundation in financial analysis, which can be helpful for Loan Officers who want to provide insights to their clients.
Tax Preparer
Tax Preparers typically help individuals and businesses file their tax returns. They need to be familiar with tax laws and regulations. This course may be helpful for Tax Preparers who want to provide additional services to their clients, such as financial planning or investment advice.
Auditor
Auditors typically examine and evaluate financial records. They need to be familiar with accounting principles and auditing standards. This course may be helpful for Auditors who want to provide additional services to their clients, such as financial planning or investment advice.
Accountant
Accountants typically prepare and maintain financial records. They need to be familiar with accounting principles and tax laws. This course may be helpful for Accountants who want to provide additional services to their clients, such as financial planning or investment advice.
Economist
Economists typically study the production, distribution, and consumption of goods and services. They need to be familiar with economic theory and econometric techniques. This course may be helpful for Economists who want to provide insights to their clients about the economy and its impact on financial markets.
Statistician
Statisticians typically collect, analyze, and interpret data. They need to be familiar with statistical theory and methods. This course may be helpful for Statisticians who want to provide insights to their clients about the economy and its impact on financial markets.

Reading list

We've selected seven books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in The Step-By-Step Guide To Your 401k Plan.
Considered a classic in the field of investing, this book by Benjamin Graham outlines the principles of value investing and provides a framework for making sound investment decisions. It offers a comprehensive overview of investment strategies and techniques, making it a valuable resource for investors looking to gain a deeper understanding of the market.
Comprehensive guide to investing based on the principles of John C. Bogle. It provides detailed instructions on how to implement a low-cost, index-fund-based investment strategy, making it a valuable resource for investors looking to build a diversified portfolio.
By John C. Bogle, the founder of Vanguard, presents a simple and straightforward approach to investing. It emphasizes the importance of long-term investing, diversification, and low costs, making it a great resource for beginners and experienced investors alike.
Presents a simple and straightforward approach to investing for beginners. It emphasizes the importance of saving early, investing in low-cost index funds, and avoiding common investment mistakes, making it a great resource for those looking to get started with investing.
Challenges the conventional wisdom about wealth and provides insights into the habits and characteristics of everyday millionaires. It highlights the importance of living below one's means, saving diligently, and investing wisely, making it a valuable resource for those looking to build long-term wealth.

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