Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
That's right, My advisr helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to her guidance, I maintained my desired asset allocation while minimizing taxes.
Your investment adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same investment adviser and how I can get in touch with them?
I've shuffled through a few advisors in the past, but settled with MELISSA ELISE ROBINSON her service is exemplary and she's a genius. I'd suggest you research her further, sure you'll find her basic info.
I really appreciate your response! I just searched her full name and came across her website-her qualifications are outstanding! She seems highly qualified.
People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Differing investment approaches yielded disparate results. Guided by a financial advisor, I'm currently retired.
Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
It's regrettable that many individuals lack access to such insights. I understand why people might become anxious. Insufficient information can indeed pose significant challenges. Personally, I've been able to generate over $25k passively simply by investing through an advisor, and the best part is, I don't need to exert much effort. Regardless of economic fluctuations, skilled wealth managers consistently deliver returns.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
There are many excuses in these comments, and she states that it’s never too late to save. However, the key is to start saving while you are young, so this advice is especially important for the younger listeners on this channel.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
A lot of the jobs don’t even offer 401ks, and if they do offer it, some don’t even match. I’m 28 and I’m alarmed when I talk to some of my friends whose full time jobs don’t offer them any retirement plans
All my jobs have never had a 401k match except for this last one been there 3 years and they decided to relocate the company out of state. I'm 55 years old and I will not have enough to have a comfortable retirement. But I do have a paid off home I can sell and size down.
Definitely set up an IRA, and if 401k isn’t an option consider a brokerage account. I’m currently trying to build a portfolio of high yielding dividend stocks - reinvest the dividends and you can set up an income stream for retirement.
Post elections is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one, after my retirement pension took a hit in April due to the crash.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA ’Gabriel Alberto William a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Out of touch old lady who tried to blame the workers for not having any savings when the reality is they cant afford to save anything on their low incomes.
@tonylevine2716 they dont have anything to save. She said 20% of americans have nothing for retirement, thats just the low income americans who cant escape poverty. There is no money for them to save.
@@tonylevine2716 a single individual can but on the scale of the system no they can not escape poverty. Our system is reliant on there being a servant class. Even now we have been targeting 4.5% unemployment rate to keep the wages of the poors from rising, along with that being the real reason we allow all these illegals in
You have a point but I know many educated, higher-income people who have nothing saved. Just because you get paid more doesn’t necessarily mean you save more.
One advice I would provide: figure out which funds are tax free and which are taxed. Don't assume all funds are tax free to plan for annual returns to irs.
I can help. Your life expectancy is a lot higher than you think. Meaning don't retire. Keep working. No job in the world is going to provide enough resources to sit on the couch for 3+ decades
For the people that can retire but still choose to work, “God bless them!” There was a hint of sarcasm in her voice. 🤣 Don’t work till you die folks! Life is short!
The massive surge in Bitcoin highlights a stark contrast to the chaos in traditional markets. Stocks are tumbling, inflation remains sky-high, and the Federal Reserve's aggressive rate hikes are driving treasury yields to unsettling levels, spelling more red ink for portfolios this quarter. With my $125k bond and stock portfolio hanging in the balance, I'm at a critical crossroads. Is it time to liquidate and pivot toward more profitable opportunities in this volatile market? How can I best position myself to capitalize on these turbulent times?
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
It you going to have a credit card in my particular case too prove I'm credit responsible and pay balance in full before interest is accrue to better the credit score
ROTH IRAs offer the advantage of tax-free growth, allowing you to keep more of your hard-earned money. I’m considering investing over $300k but not entirely sure where to start.
There are benefits to holding fixed-income assets in tax-deferred retirement funds rather than taxable accounts. If you're unsure about navigating the market, it's wise to seek guidance from a financial advisor.
Working with an investment advisor is a smart move, especially for those nearing retirement. I’ve been collaborating with a coach for a while now, and it has paid off significantly-I’ve made over $800K in a relatively short period.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
I did a quick search on Rebecca Lynne Buie, and her website came up right away. I’m impressed with what I’ve seen so far and will be scheduling a session with her soon.
“They do not contribute to their 401k or do not contribute up to the maximum - they leave money on the table.” What she means to say is they do not contribute to their 401K the amount that maximizes their employee match. THAT leaves money on the table. If they were to contribute the maximum to their 401K they would be contributing $23,000. It frightens me that someone in a role like hers is speaking a lot of not-valuable or incorrect information (APR definition). No mention of Roth IRA (and catch up contribution), HSA, HYSA?!? There’s so many more systemic issues about people not having a way to be educated about how money works. It’s not about delaying making the decision or not having a budget. If there was more exposure to financial education, discussion would be more accessible and so many of her points could be avoided.
I agree. Financial literacy needs to be taught in school. I had to teach myself about the stock market, bonds and real estate. The system has been failing people for generations.
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
Thank you for your video, … you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%!
She also helped me create a savings strategy that allowed me to set aside an additional $10000 a month. Now, I feel confident that I can retire five years earlier than I originally planned. If you're serious about securing your financial future, Shellane Maxwell is the one to talk to!
Retirement is boring, you lose all your friends and you lose your sense of purpose. Work till you die, that’s the best retirement plan. The daily beach dream is boring and expensive.
Invest that money you piling up in the bank I'm favored,$9k every week! I can now give back to the locals in my community and also support God's work and the church.God bless America..my retirement has been a blessing all thanks to God
I was homeless, did drugs, went into prison, where I got to know God. He changed my life. Now I have a home, a wife and a lovely year old daughter (zoe), and a stream of income that gats me $47,000 weekly. Plus a new identity - a child of God, Hallelujah!!!🇺🇲❣️♥️❤️
I raised 75k and Grace Christina Elizabeth is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Grace Christina Elizabeth is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
I've always wanted to trade Crypto for a long time but the volatility in the price has been very confusing to me although I have watched a lot of UA-cam videos about it but I still find it hard to understand.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or strategy to keep my retirement contributions on track to my $5m goal.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
That's right, My advisr helped me rebalance my $2m portfolio without triggering capital gains taxes by using tax-advantaged accounts and reallocating dividends and new contributions. They also recommended tax-loss harvesting and strategies to stay within my tax bracket. Thanks to her guidance, I maintained my desired asset allocation while minimizing taxes.
Your investment adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same investment adviser and how I can get in touch with them?
I've shuffled through a few advisors in the past, but settled with MELISSA ELISE ROBINSON her service is exemplary and she's a genius. I'd suggest you research her further, sure you'll find her basic info.
I really appreciate your response! I just searched her full name and came across her website-her qualifications are outstanding! She seems highly qualified.
People grappling with the difficulty of meeting essential expenses often encounter this situation due to inadequate savings during their working years. The decisions taken in readiness for retirement carry extensive consequences, as demonstrated within my own family dynamics. Differing investment approaches yielded disparate results. Guided by a financial advisor, I'm currently retired.
Indeed, that's accurate. I'm currently in my mid-50s. My wife and I were on a similar path until a couple of years ago when I decided to shift my investments to her wealth manager. While I haven't quite caught up to her accumulated profits over the years, I'm at least earning more now. I'm generating income even before retirement, and my retirement fund has experienced remarkable growth compared to what it would have with just the 401(k). It's quite amusing.
It's regrettable that many individuals lack access to such insights. I understand why people might become anxious. Insufficient information can indeed pose significant challenges. Personally, I've been able to generate over $25k passively simply by investing through an advisor, and the best part is, I don't need to exert much effort. Regardless of economic fluctuations, skilled wealth managers consistently deliver returns.
I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
There are many excuses in these comments, and she states that it’s never too late to save. However, the key is to start saving while you are young, so this advice is especially important for the younger listeners on this channel.
APR stands for Annual Percentage Rate, NOT average percentage rate.
Obviously they did not vet her before the interview.
These people are not the ones to be taking financial advice from.
She misspoke like I'm sure we all have.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Accurate asset allocation is crucial with an Experts guidance. I have 850k in equity, 300K cash earning 5.25 interest, 685k in 401k, 250k cash account, 120k in car assets ( paid off cars) Gold and silver bars. age is 48. My advisor helped me realign my portfolio to my risk tolerance and it boomed overtime.
@@UncleSoapz pls how can I reach this expert, I need someone to help me manage my portfolio
Melissa Elise Robinson is the advisor I use and im just putting this out here because you asked.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
People need to stop thinking the government's going to save them. YOLO is going to cost a LOT of people in the end.
A lot of the jobs don’t even offer 401ks, and if they do offer it, some don’t even match. I’m 28 and I’m alarmed when I talk to some of my friends whose full time jobs don’t offer them any retirement plans
All my jobs have never had a 401k match except for this last one been there 3 years and they decided to relocate the company out of state. I'm 55 years old and I will not have enough to have a comfortable retirement. But I do have a paid off home I can sell and size down.
Definitely set up an IRA, and if 401k isn’t an option consider a brokerage account. I’m currently trying to build a portfolio of high yielding dividend stocks - reinvest the dividends and you can set up an income stream for retirement.
Set up an IRA, Roth IRA, HSA, and brokage account
Well, the best thing people can do is to open and IRA or a Roth IRA and start saving while being focus on eliminating debt.
Post elections is one of those things that could really contribute to portfolio growth and vice versa. I've been going hard with my investments this year and have been able to build up to 180k, Are there tips I could apply to help me grow my portfolio even more during this election season?
If you are in cross roads or need sincere advice on the best moves to take now its best you seek an independent advisor who knows about the financial markets. It's better to hire a skilled financial planner especially if you're not one yourself. I hired one, after my retirement pension took a hit in April due to the crash.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
My CFA ’Gabriel Alberto William a renowned figure in his line of work. I recommend researching his credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
Thank you for putting this out, it has rekindled the fire to my goal
Out of touch old lady who tried to blame the workers for not having any savings when the reality is they cant afford to save anything on their low incomes.
They should have saved earlier; that is the point. A lesson that younger listeners should heed!
@tonylevine2716 they dont have anything to save. She said 20% of americans have nothing for retirement, thats just the low income americans who cant escape poverty. There is no money for them to save.
@@Zero11_ss You can always escape poverty, as many did. You have to decide if you will be the one to break the generational curse.
@@tonylevine2716 a single individual can but on the scale of the system no they can not escape poverty. Our system is reliant on there being a servant class. Even now we have been targeting 4.5% unemployment rate to keep the wages of the poors from rising, along with that being the real reason we allow all these illegals in
You have a point but I know many educated, higher-income people who have nothing saved. Just because you get paid more doesn’t necessarily mean you save more.
No one should ever pay credit card interest to any company because you should only charge on the cards what you can pay in full each month.
There's a 70's group called " the grass roots. " the song " let's live for today " pretty sums up today's people attitude on saving for retirement.
One advice I would provide: figure out which funds are tax free and which are taxed. Don't assume all funds are tax free to plan for annual returns to irs.
I can help. Your life expectancy is a lot higher than you think. Meaning don't retire. Keep working. No job in the world is going to provide enough resources to sit on the couch for 3+ decades
Like the antique relics in the background
For the people that can retire but still choose to work, “God bless them!” There was a hint of sarcasm in her voice. 🤣 Don’t work till you die folks! Life is short!
only 20 percent??????? that sounds low
“A mistake people make is they are not maxing out their 401k”. Sorry but how people make enough to put 23k into a 401k?
Find a higher-paying job. Get a side hustle. Stop the excuses.
The massive surge in Bitcoin highlights a stark contrast to the chaos in traditional markets. Stocks are tumbling, inflation remains sky-high, and the Federal Reserve's aggressive rate hikes are driving treasury yields to unsettling levels, spelling more red ink for portfolios this quarter. With my $125k bond and stock portfolio hanging in the balance, I'm at a critical crossroads. Is it time to liquidate and pivot toward more profitable opportunities in this volatile market? How can I best position myself to capitalize on these turbulent times?
I agree, just because the market presents opportunities doesn't mean we should rush in headfirst. For this reason, we should look for appropriate market analysis or guidance or, alternatively, seek advice from certified market strategists.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advisor are working on more figures for this year. IMO, financial advisors are the most sought-after professionals after doctors.
Her name is 'Kenia Giordani Borges’ Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
scam troll
SCAMMERS
It you going to have a credit card in my particular case too prove I'm credit responsible and pay balance in full before interest is accrue to better the credit score
If you're not contributing to your 401(k) at the max, you're literally leaving money on the table. Wake up, people!
*How can we save when wages haven't kept up with inflation for the past 50 years and there's a cost of living crisis due to price gouging?*
Come on, stop with the excuse making.
ROTH IRAs offer the advantage of tax-free growth, allowing you to keep more of your hard-earned money. I’m considering investing over $300k but not entirely sure where to start.
There are benefits to holding fixed-income assets in tax-deferred retirement funds rather than taxable accounts. If you're unsure about navigating the market, it's wise to seek guidance from a financial advisor.
Working with an investment advisor is a smart move, especially for those nearing retirement. I’ve been collaborating with a coach for a while now, and it has paid off significantly-I’ve made over $800K in a relatively short period.
How can I find a trusted financial planner like yours?
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
I did a quick search on Rebecca Lynne Buie, and her website came up right away. I’m impressed with what I’ve seen so far and will be scheduling a session with her soon.
One advise, don't vote for politicians who waste your taxes.
“They do not contribute to their 401k or do not contribute up to the maximum - they leave money on the table.”
What she means to say is they do not contribute to their 401K the amount that maximizes their employee match. THAT leaves money on the table. If they were to contribute the maximum to their 401K they would be contributing $23,000. It frightens me that someone in a role like hers is speaking a lot of not-valuable or incorrect information (APR definition). No mention of Roth IRA (and catch up contribution), HSA, HYSA?!?
There’s so many more systemic issues about people not having a way to be educated about how money works. It’s not about delaying making the decision or not having a budget. If there was more exposure to financial education, discussion would be more accessible and so many of her points could be avoided.
I agree. Financial literacy needs to be taught in school. I had to teach myself about the stock market, bonds and real estate. The system has been failing people for generations.
This is my fifth year after retirement. I’e been following the 4% rule thing I saw on a youTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get really worried.
Not a lot of people are able to save that much in a lifetime. But now you are retired and depend on your investment, it’s best you redistribute your capital. To simplify the process, you could allocate your resources with the help of a financial advisor.
I’m closing in on retirement, too, and I have benefitted so much from using a financial advisor. I didn’t start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in more profit than some of my peers who had been investing for many years.
@@mellon-wrigley3 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
My CFA Izella Annette Anderson a renowned figure in her line of work. I recommend researching her credentials further.
Thank you for this amazing tip. I just looked the name up and wrote her.
Thank you for your video, … you know,.. I can’t recommend Shellane Maxwell enough! When I first approached her, I was overwhelmed about retirement planning…Thanks to her guidance, I was able to restructure my investments and focus on high-yield options. Within just a year, my retirement fund grew by 55%!
She also helped me create a savings strategy that allowed me to set aside an additional $10000 a month. Now, I feel confident that I can retire five years earlier than I originally planned. If you're serious about securing your financial future, Shellane Maxwell is the one to talk to!
She mostly interacts on Telegrams, using her name.
@shellanemaxwell she’s verified
Oh, do you happen to know her too? I'm proud to say I've also benefited from her platform
Archieving a weekly profit of 45k
Lost all credibility when she called APR the average percentage rate
People DON’T PLAN AHEAD!!! People are DUMB!!! I started my Roth when I was 24!!!
"20% of adults age 50 and up".... What is the % for children aged 50 and up?
Retirement is boring, you lose all your friends and you lose your sense of purpose. Work till you die, that’s the best retirement plan. The daily beach dream is boring and expensive.
If she is doing it right, Why is she not retired?😞
Some people actually like what they do and it gives them a since of accomplishment, Me I am retiring as soon as I am financially able.
Invest that money you piling up in the bank
I'm favored,$9k every week! I can now give back to the locals in my community and also support God's work and the church.God bless America..my retirement has been a blessing all thanks to God
I was homeless, did drugs, went into prison, where I got to know God. He changed my life. Now I have a home, a wife and a lovely year old daughter (zoe), and a stream of income that gats me $47,000 weekly. Plus a new identity - a child of God, Hallelujah!!!🇺🇲❣️♥️❤️
How do you make so much please??🙏🙏 This might be an opportunity given by God to help solve all my problems!!!!
I raised 75k and Grace Christina Elizabeth is to be thanked. I got my self my dream car 🚗 just last weekend, My journey with her started after my best friend came back from New York and saw me suffering in dept then told me about her and how to change my life through her. Grace Christina Elizabeth is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!!
I've always wanted to trade Crypto for a long time but the volatility in the price has been very confusing to me although I have watched a lot of UA-cam videos about it but I still find it hard to understand.
WOW 😳🤯😳 Grace Christina Elizabeth is the real deal if you're a New Yorker you'd know her too!!!
Please who is this Mrs Grace Christina Elizabeth?.
Ha ha, the future congress to save SS. Sure.
Rely on yourself !
Easy, go on low income food stamps
This are only the jobs that offer a 401k. The number of people that probably have nothing saved up for retirement is likely much higher.
eat lots of pork