Hi all thanks for watching! The 401k contribution limit in 2024 is $23,000. I verbally said it however we made a typo when editing. Just wanted to bring that to your attention! 🙏
can you give me advice about calsavers my company made my cal savers roth ira account and I am investing 5% of my biweekly there but i am confused should i transfer to Fidelity Roth ira or both of them are same . i am feeling confused,people are saying calsavers roth ira is not good enough? what do you think?
How the hell did I not know this earlier? American schools have failed their students when it comes to financial literacy. K-12, undergrad, grad, not once was this ever taught.
Retired for 10 years, and I’ll say this; Social Security won’t cover everything. Start investing now. Savings alone aren’t enough. If you have a pension, consider taking the lump sum and investing wisely. Keep in mind, only about one-third of future retirees will have a pension, and many have been taken over by the PBGC. Plan wisely.
Totally agree. If you already have a significant 401(k) balance, rolling your pension into an investment account gives you even greater control and growth potential. While a pension and Social Security provide stability, taking the lump sum allows you to build a larger portfolio that can outpace inflation and offer higher long-term returns. Yes, market fluctuations matter, but with smart asset allocation and risk management, you can navigate volatility while maintaining financial flexibility. After 30+ years of market experience, I’d rather take control of my money than be locked into fixed payments that may not keep up with inflation.
This is how I plan to do it, but the complexity of the market structure has been throwing me off, for someone who’s been a corporate worker all my life.
On point. I partnered with a financial planner a few yrs back to refine my retirement strategy. We analyzed my savings, projected income, and long-term needs, then developed a plan with specific goals. Key elements included an asset allocation strategy aligned with my risk tolerance and a diversified mix of investments. We also focused on tax-efficient strategies to minimize liabilities in retirement.
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
I retired at 60 with $750K in my 401K and IRA's. My wife and I did just fine in expensive Bergen County, NJ by living within our means. Home was paid off. No car loans. By withdrawing bare minimum, our health insurance costs were almost non-existant due to Affordable Care Act subsidy. SS kicked in at 62. Medicare at 65. Six years later, my IRA balances have grown to $850K and now my wife is turning 60 and her IRA's are now available. Anything is possible if you live within your means. Merry Christmas!!
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $80k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
The advisor am currently working with is Julianne Iwersen Niemann. i came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
As someone who already is well-versed and familiar with most of the financial topics you discuss---I still watch every single video (and TikTok) of yours because you do an absolutely phenomenal job at explaining things in a clear and concise way. You are truly a gem and are helping so many people with the great advice you give. You seem like a genuinely nice guy who is doing what he loves for all the right reasons. Thank you and keep these quality videos coming! PS--Love the newsletter too.
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
The increasing tax rate is the reason I rolled over my 401k to a ROTH. I wouldn't want to be paying taxes on current income on withdrawals made from my retirement account. I have been maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.
Pre-tax contribution may help reduce tax in you pre-retirement years. While after-tax-contribution may help reduce your income tax burden during retirement.
Both have their advantages but is also very possible to save for retirement outside retirement plan, such as an individual investment account or employing the expertise of a retirement planner/advisor.
Beginner here! How do I decide between a Roth IRA and a Traditional 401k for building a secure retirement plan? I’m starting fresh and want to make the most of my savings. Any advice on balancing contributions for long-term growth while managing taxes?
I’ve always wondered if the flexibility of a Roth IRA outweighs the upfront tax benefits of a Traditional 401k. Does anyone here have experience balancing both? It feels like choosing between saving now or saving later when it comes to taxes.
Investing in a Roth IRA is a smart choice because contributions grow tax-free over time, and withdrawals in retirement are tax-free. This allows you to keep more of your hard-earned money. Starting early maximizes the benefits of compounding, where your investment grows exponentially by earning interest on both the initial amount and the interest it accrues.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am 60 years old, recently retired, and have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
*Izella Annette Anderson* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
I’ve put in the hours learning about trading, but the ups and downs make it hard to stay consistent. My goal is to grow a strong retirement funds any tips on how to trade profitably?
Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@chantel-h1r The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through a job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
@@JohnsMasterses Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@RobisonsWades I appreciate the implementation of ideas and strategies that result in unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, Do you mind sharing info about this person guiding you, please?
@@SloansHagers I have to give props to MARGARET MOLLI ALVEY, my CFA, she's the real deal in the finance game. Dive into her background, this lady's a treasure trove of experience and knowledge for anyone navigating the financial jungle.
@@RobisonsWades I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look MARGARET MOLLI ALVEY up and send her a message. You've truly motivated me. God's blessings on you.
As I near retirement, securing the stability of my 401k after the tumultuous year of 2022 is of utmost importance. I've heard stories of investors achieving up to $270k in ROI during this ongoing market downturn. Any guidance on how to improve my ROI before retirement would be greatly appreciated.
There are strategies capable of delivering consistent gains irrespective of economic or market conditions, but these are typically implemented by seasoned investment experts or advisors.
For near retirees, having an investment advisor is the way to go. I've been with one because I lack the expertise and emotional fortitude for market ups and downs. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks realise
I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
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.
Depending on what you are looking for. 403(b) is popular in non profit sectors, Roth IRAs for tax free growth, and for some self-employed individuals SEP IRA works.
Speaking of CFPs, I have been advised on that. Finding one who understands what I want and can work with me to achieve it is essential, although I'm yet to find one. Any recommendations, please?
I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.
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.
After the pandemic, things became extremely difficult, which is precisely when I sought a consultant's counsel. I've been investing on my own for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
@@Jeffcraparo I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My CFA ANNETTE MARIE HOLT a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for such a clear, concise explanation! You have a gift for teaching. One of the best videos I've seen explaining these topics - coming from someone who is trying grow in financial literacy. Much appreciated!
Great video, I have worked all my life without thinking about my retirement. Now my kids are growing fast, the way I am spending my savings, it has come to my attention that at my old age, I will have no jobs, no money left and no retirement funds to fall back to. So I am asking what do I need to do and how do I begin investing in my retirement. I just need professional advice. Thanks.
Thanks for this comprehensive breakdown, Humphrey! This video is incredibly informative and a must-watch for anyone planning their retirement strategy. Your clear explanation of tax implications and contribution limits, along with the practical tips for choosing investment options, makes it easier for viewers to make informed decisions. Great job on creating a timeless reference guide!
Ah, the classic retirement planning conundrum! With $332k already stashed away, you’re basically the financial equivalent of a squirrel with a premium stash of nuts. 😆 Time to put that cash to work! This video’s got you covered on 401k, IRA, Roth 401k/IRA, and 403b basics. Perfect for a headstart. Happy investing! 🚀
Totally agree with you! That $332k emergency fund is a solid foundation. If you're looking for personalized advice, though, I’d recommend reaching out to a good investment advisor. I had a fantastic experience with one who really helped me fine-tune my strategies. Their guidance was invaluable!
Sounds like an investment advisor might be the way to go for you too! I’m also in the same boat, trying to figure out the best path forward and how to find the right advisor. Any tips on where to start?
Check out Linda Aretha Reeves, a highly recommended CFA I’ve worked with for years. Her performance has been stellar, and she’s well-regarded in the industry. Might be worth a look!
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really 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 have been investing for many years.
Thank you so much for this video! You explained it well and I was able to follow along as a newbie to these terms. Just started my first job at 25 right after college and opened a Roth 401 k with my employer who also matches
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Nicole Miller
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
I am maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.
Nice video the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
Buying crypto doesn't ensure profit always for you especially when the bear market is at hand. Y'all should be able to make a profit off the market even with declination in price.
Trading is the future, not these holding on crypto currency and expecting a surge in market price.. Thanks, Shea Ardolf you have really helped me out so well in this crypto market
It might be worth mentioning in your next update that if contributing to both 401K and IRA, only one is tax deductible - usually 401k since more money would likely go in there. I think that also makes Roth IRA more attractive than traditional for a lot of people.
I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.
SONYA LEE MITCHELL has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. fully retired with over $3.5million, my dividends is supplementing my retirement at the moment. started saving and investing in 2010 in growth, No regrets and financially free
I have my portfolio overseen by a California-based wealth advisor 'Martha Cornell Kerns', Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
This is an amazing goal so many of us are striving for, Trying to build wealth and diversify assets. your advisor looks advanced and experienced. I wrote her and scheduled a phone call.
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@@AlexandersRodrigueza I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed CFA whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
Thanks for such a great video about the retaiment account. It helped me understand these accounts very well. I am a long-term listener of your content. It was truly very informative 😊
It's great to hear that you are considering investing in the stock market after being inspired by the success of Munger and Buffett with Berkshire Hathaway. Here are some key points to consider when investing a significant amount like the proceeds from selling your apartment:
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.
Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs.The importance of having financial safety could be why boomers are turning towards advisors in retirement planning
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good strategy to plan for retirement, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
There has been so much knowledge shared here, I'm at a crossroads with my portfolio and would like to see it grow in view of retirement. How can I reach this professional?
'Monica Selena Park' deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend exploring her work and you can locate her online if you are internet-savvy
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
Planning ahead can really make a big difference, especially when it comes to minimizing taxes. I’ve been exploring the crypto and stock markets for about six months now, and it’s been a game changer for me. I decided to reinvest my RMD strategically, and that decision has really paid off-I’m now pulling in around $25k a week with very little trading on my end. It’s been a great way to create a cushion and relieve a lot of financial stress. Best of luck with your RMD decisions-I hope you find the same peace of mind!
Honestly, I’m struggling with learning how to trade. It’s tough watching my portfolio underperform, and it’s been pretty discouraging. I could really use some guidance.
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Consider financial advisory so you don’t keep switching it up, Top 3 payers for the month were $OHI, $KMI, and $EDP for an over all payout of a little over $20.. not bad for a 350k portfolio.
I commented recently on one of your videos here but I have a work 401k that matches up to 6% so I elect 9-10%. I have a little money going into my Fidelity IRA on a monthly basis. I have a fidelity traditional IRA that I’m currently not contributing to as it was basically a roll over from a previous company. I also utilize CIT bank as my high yield savings account which I find to be real good and one of the more consistent ones. I have about a 770 credit score. Always trying to find the balance in savings as I am also saving to purchase a business in 2024. You are a calm breath of fresh air
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
hi humphrey im a newly minted doctor and by the time ive started to make my own money im already 30 and dont know wtf is going on. watching your videos have made it super helpful!!
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Contributing to both a Traditional 401k and Roth 401k is more about tax optimization. Remeber the current tax deduction you get comes from your top marginal bracket down, when you withdraw you pay from the lowest bracket up. So a combo allow you to deduct the top bracke into a tradtional 401k today then put lower taxed money into Roth, then when you retirr, you can withdraw just enough from tradtional account to pay the lower tax brackets (0%-15%) and cover the rest using tax free Roth money. This way you avoid paying your higest taxe bracket today and when you retire.
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.
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.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Look for Monica Mary Strigle I am close to retirement with 1.4 M to my name outside of retirement accounts. I hired her services 3 years ago, she contributed immensely to my portfolio progress.
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm 55 and semi-retired with IRA sitting in cash, but not impressed with growth so far. How can I take advantage of the current market to make gross profits and retire comfortably rich? Heard of folks that turned millionaires in shaky times like this
appreciate the knowledge you've provided. Because this administration has putting so many families into difficult situations, I pray for our country, we need compassion for the American my country.
I’m a first generation American. I’m finally getting my head wrapped around my retirement (27 male) and then have to figure out my mom’s retirement and I’mp. Family history comes from a 6th grade education background at the highest level and live for the moment/ mostly paycheck to paycheck. I Don’t have kids yet or married but, I’m sure I’ll figure it out eventually lol
Lots of useful information but I have yet to see a video that clearly explains how the same upfront taxes are paid. Are they withheld by the broker or do you actually pay them at tax return time?
Love the videos, would you make a video off other countures form off high yield savings accounts, if possible think the way you do your research and presenting would be lot of help👌
Your videos are well constructed and informative. May I ask that a topic be addressed? Long Term Care. I being retired face a strong possibility of LTC. Young people need to be aware of how to plan for this event. Insurance, annuities or whatever. the costs of LTC are terribly high. Please consider addressing this. thank you.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
Their ...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
Thank you for the insights. I love watching your channel. My question is about my concentrated stock holdings in RSUs, which have grown significantly over the past nine years and now constitute the majority of my retirement fund. I do have a 401(k), but the RSUs amount to more than five times its value. I am already at the higher tax bracket and am very careful on transferring these to index funds. I want to diversify the concentrated stock into different index funds, but I’m not entirely confident I can handle this on my own. A Fidelity advisor recommended an SMA (Separately Managed Account) for better tax efficiency compared to index or ETF funds. I’ve been researching online and consulting multiple resources to ensure I make the right decision. From what I’ve seen, 90% of general advice points toward low-cost index funds, but I need a tax-efficient way to diversify my portfolio. Do you have any recommendations that could help me make a well-informed choice? Thank you.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
I think.Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on UA-cam.
I'm uncertain if my 401(k) and IRA will secure a stable future. I'm looking for an investment strategy that aligns with my risk tolerance and financial goals. I've set aside $1 million for this purpose. Would you recommend investing in stocks or purchasing rental property?
Stocks returns on average 10%. Property returns on average 10.5%. if you close to retirement id suggest stocks as it's easier to liquidate and less upkeep
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
I work with Rebecca Nassar Dunne as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
What sets top invest0rs apart from the rest? I've got $345K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
It's easy to overlook the importance of advisors until emotional mistakes catch up with us. Following my divorce, I recognized the need for expert advice to stabilize my business and discovered a highly qualified advisor who increased my reserves from $175k to $850k, outpacing inflation.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
here’s a question that may be a little dumb: what’s the difference contributing to a Roth IRA instead of just the fund itself. to explain, if my Roth IRA is contributed to the S&P 500, why not just the best of the S&P 500 itself? Why is it beneficial to be in a retirement account?
Thanks for a great video. If we do a rollover from traditional 401k to a roth IRA, is it considered a contribution? Can i withdraw that contribution money that i rolled over penalty free even before meeting 5 year rule?
Hi all thanks for watching! The 401k contribution limit in 2024 is $23,000. I verbally said it however we made a typo when editing. Just wanted to bring that to your attention! 🙏
Is it possible for you to make a video comparing the TSP (thrift Savings Plan) I had in the military to an IRA or a Roth IRA?
Thank you.
I’m interested to hear about transfer from traditional IRA to Roth IRA. Thanks!
can you give me advice about calsavers my company made my cal savers roth ira account and I am investing 5% of my biweekly there but i am confused should i transfer to Fidelity Roth ira or both of them are same . i am feeling confused,people are saying calsavers roth ira is not good enough? what do you think?
People have already done this video. Can you do something else?
How the hell did I not know this earlier? American schools have failed their students when it comes to financial literacy. K-12, undergrad, grad, not once was this ever taught.
Retired for 10 years, and I’ll say this; Social Security won’t cover everything. Start investing now. Savings alone aren’t enough. If you have a pension, consider taking the lump sum and investing wisely. Keep in mind, only about one-third of future retirees will have a pension, and many have been taken over by the PBGC. Plan wisely.
Totally agree. If you already have a significant 401(k) balance, rolling your pension into an investment account gives you even greater control and growth potential. While a pension and Social Security provide stability, taking the lump sum allows you to build a larger portfolio that can outpace inflation and offer higher long-term returns. Yes, market fluctuations matter, but with smart asset allocation and risk management, you can navigate volatility while maintaining financial flexibility. After 30+ years of market experience, I’d rather take control of my money than be locked into fixed payments that may not keep up with inflation.
This is how I plan to do it, but the complexity of the market structure has been throwing me off, for someone who’s been a corporate worker all my life.
On point. I partnered with a financial planner a few yrs back to refine my retirement strategy. We analyzed my savings, projected income, and long-term needs, then developed a plan with specific goals. Key elements included an asset allocation strategy aligned with my risk tolerance and a diversified mix of investments. We also focused on tax-efficient strategies to minimize liabilities in retirement.
Edward this is definitely insightful! think you could share more details on your guy?
His name is Graham David Fullerton. I can't divulge much. Most likely, the internet should have his basic info. You can research if you like
Having been concerned about finances throughout my entire adulthood, it's captivating to observe this video and realize that one can achieve alot if goals are set right. Experiencing the freedom of not being preoccupied with the financial concerns that consumed me for numerous years is truly liberating. I suppose this is the result of putting in diligent effort for the future.
Remarkable observations! Handling and staying abreast of things can be quite daunting for newcomers like myself. Are you a seasoned investor, or do you employ a methodical approach to staying well-informed?
Since the inception of my business, I've maintained contact with a financial advisor. In the current cultural landscape, the difficulty lies in discerning the opportune moments to buy or sell when dealing with trending stocks. This process, while seemingly straightforward, is effectively managed by my advisor, who handles entry and exit orders for my portfolio. Over the span of just a little over a year, my portfolio has seen substantial growth, exceeding $750k.
Mind if I ask you to recommend this particular coach you using their service?
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance.
I retired at 60 with $750K in my 401K and IRA's. My wife and I did just fine in expensive Bergen County, NJ by living within our means. Home was paid off. No car loans. By withdrawing bare minimum, our health insurance costs were almost non-existant due to Affordable Care Act subsidy. SS kicked in at 62. Medicare at 65. Six years later, my IRA balances have grown to $850K and now my wife is turning 60 and her IRA's are now available. Anything is possible if you live within your means. Merry Christmas!!
I plan to retire at the end of 2025 at 62 after 36 years in Telecom as a sales engineer. My wife will retire in May 2026 and she's loving life! But walking away from a good income stream and building the nest egg to living from the nest egg is a scary proposition couple with the alarming recession and CPI report
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $80k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings.
The advisor am currently working with is Julianne Iwersen Niemann. i came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks a lot for this recommendation. I just looked her up, and I have sent her an email. I hope she gets back to me soon.
My original retirement plan was to retire at 62, work part-time, and save money. However, high prices for everything have severely affected my plan. I'm concerned if people who went through the 2008 financial crisis had an easier time than I am having now. The stock market is worrying me as my income has decreased, and I fear I won't have enough savings for retirement since I can't contribute as much as before.
I’m 77 and still working full time. I do enjoy my work, it provides me with purpose and has secured my financial future. Most people are too eager to retire as early as possible. Even if you do retire early, best to get a part time job for the reasons cited above, as well as following many if not all of the suggestions in this video.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
this is incredible! how can I vet your advisor, mind sharing info, if you please?
Credits goes to “Sonya Lee Mitchell one of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
As someone who already is well-versed and familiar with most of the financial topics you discuss---I still watch every single video (and TikTok) of yours because you do an absolutely phenomenal job at explaining things in a clear and concise way. You are truly a gem and are helping so many people with the great advice you give. You seem like a genuinely nice guy who is doing what he loves for all the right reasons. Thank you and keep these quality videos coming! PS--Love the newsletter too.
So true 🙏🏾🤍
That is a super genuinely nice comment encryptx, thank you for watching and its comments like these that keep me going!
I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.
Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!
That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!
Mind if I ask you to recommend this particular coach you using their service?
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
The increasing tax rate is the reason I rolled over my 401k to a ROTH. I wouldn't want to be paying taxes on current income on withdrawals made from my retirement account. I have been maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.
Pre-tax contribution may help reduce tax in you pre-retirement years. While after-tax-contribution may help reduce your income tax burden during retirement.
Both have their advantages but is also very possible to save for retirement outside retirement plan, such as an individual investment account or employing the expertise of a retirement planner/advisor.
I have always thought of getting a financial guide, but I didn't know the way to go about it. I stay in a small town outside the big city.
Yeah you're correct. But the problem is i am not sure which expert to use. Any ideas?
I will really appreciate it.
Beginner here! How do I decide between a Roth IRA and a Traditional 401k for building a secure retirement plan? I’m starting fresh and want to make the most of my savings. Any advice on balancing contributions for long-term growth while managing taxes?
I’ve always wondered if the flexibility of a Roth IRA outweighs the upfront tax benefits of a Traditional 401k. Does anyone here have experience balancing both? It feels like choosing between saving now or saving later when it comes to taxes.
As a beginner, it’s crucial to have a mentor to keep you on track. Amanda Katherine Nakitare has been mine.
Don’t rush in blindly. Seek guidance from experts like Amanda Katherine-building a port-folio takes skill
I faced so many losses trying to figure things out alone. Amanda truly saved me from making more mistakes.
Finding someone with genuine expertise is rare. Great to see people benefiting from Amanda’s skills.
Investing in a Roth IRA is a smart choice because contributions grow tax-free over time, and withdrawals in retirement are tax-free. This allows you to keep more of your hard-earned money. Starting early maximizes the benefits of compounding, where your investment grows exponentially by earning interest on both the initial amount and the interest it accrues.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
I completely agree; I am 60 years old, recently retired, and have approximately $650k in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
@@mariaguerrero08This is exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your advisor?
*Izella Annette Anderson* is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.
I have a Roth IRA and a traditional 401k. Nice video! This year I really focused on my finances and saving money.
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
I'm surprised that you just mentioned and recommended Brooke Miller, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
she's mostly on Instagrams, using the user name
FXBROOKE7 💯.. that's it
I’ve put in the hours learning about trading, but the ups and downs make it hard to stay consistent. My goal is to grow a strong retirement funds any tips on how to trade profitably?
If you are using a really good broker or account manager it is easier to earn from the market
I will advise you to stop trading on your own, it is very risky. Seek advice from a professional trader.
Who is your advisor?
his name is Gerry Wes, I trade side by side with him and I never lose any trade.
Wow, you trade with Gerry Wes too? Wow that man has been a blessing to me and my family.
Most people don’t realise it, but the secret to retiring comfortably is finding a way to make returns while your money works for you. My dad, as I remember, started saving for retirement quite late, but I know he was making more than 10k returns from his investment monthly and it was completely passive.
This is really amazing though. I'm curious as to how he did it. Was it real estate? Or he was a market enthusiast?
Haha. Investing enthusiast? Not really. Our family got introduced to a financial advisor about four years before my dad retired. That was what changed things. I've been using the same now and I think my retirement income would be on the right track.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@chantel-h1r That's actually quite impressive
@@HudsonEthan-00 My advisor is Victoria Carmen Santaella
You can look her up online
@@chantel-h1r The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through a job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
@@JohnsMasterses Inflation is gradually going to become part of us and due to that fact, any money you keep in cash or a low-interest account declines in value each year. Investing is the only way to make your money grow. Unless you have an exceptionally high income, investing is the only way most people will have enough money to retire.
@@RobisonsWades I appreciate the implementation of ideas and strategies that result in unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, Do you mind sharing info about this person guiding you, please?
@@SloansHagers I have to give props to MARGARET MOLLI ALVEY, my CFA, she's the real deal in the finance game. Dive into her background, this lady's a treasure trove of experience and knowledge for anyone navigating the financial jungle.
@@RobisonsWades I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look MARGARET MOLLI ALVEY up and send her a message. You've truly motivated me. God's blessings on you.
As I near retirement, securing the stability of my 401k after the tumultuous year of 2022 is of utmost importance. I've heard stories of investors achieving up to $270k in ROI during this ongoing market downturn. Any guidance on how to improve my ROI before retirement would be greatly appreciated.
There are strategies capable of delivering consistent gains irrespective of economic or market conditions, but these are typically implemented by seasoned investment experts or advisors.
For near retirees, having an investment advisor is the way to go. I've been with one because I lack the expertise and emotional fortitude for market ups and downs. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks realise
Could you kindly share the contact information for your financial advisor here?
I work with "Monica Shawn Marti" and we've been working together for almost four years and she's fantastic. You could pursue her if she meets your requirements. I agree with her.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
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.
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.
pls how can I reach this expert, I need someone to help me manage my portfolio
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I'm really confused about all thes retirement plans, 401k, IRA, ROTH, which is best?
Depending on what you are looking for. 403(b) is popular in non profit sectors, Roth IRAs for tax free growth, and for some self-employed individuals SEP IRA works.
How do you manage investments within your retirement accounts?
Access to reliable information is vital to succeed, so also is professional guidance; that's where a CFP comes in.
Speaking of CFPs, I have been advised on that. Finding one who understands what I want and can work with me to achieve it is essential, although I'm yet to find one. Any recommendations, please?
Exactly! A CFP can ensure alignment with retirement goals.
Not technically a retirement account but HSA should’ve been mentioned because it’s so tax advantaged and investible.
I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings.
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.
After the pandemic, things became extremely difficult, which is precisely when I sought a consultant's counsel. I've been investing on my own for nearly 3 years and have built up a stagnant reserve of $280K to $570K in just over 24 months.
I’m in dire need of guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can I reach this advisor?
Her name is “Diana Casteel Lynch” Just research the name. You’d discover necessary details to work with a correspondence to set up an appointment.
Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.
This has helped me understand a lot more than some of the other videos I've found. Thanks. New subscriber. :)
Recently, I've been pondering retirement, unsure if my 401(k) and IRA will provide a stable future. I've also put $800K into the stock market, encountering fluctuations with limited gains. i need an approach that will align with my risk tolerance and financial goals
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfolio management
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Thanks so much for this! You explained it so clearly and concisely.
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management
Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.
@@Jeffcraparo I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
My CFA ANNETTE MARIE HOLT a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Thank you for such a clear, concise explanation! You have a gift for teaching. One of the best videos I've seen explaining these topics - coming from someone who is trying grow in financial literacy. Much appreciated!
Great video, I have worked all my life without thinking about my retirement. Now my kids are growing fast, the way I am spending my savings, it has come to my attention that at my old age, I will have no jobs, no money left and no retirement funds to fall back to. So I am asking what do I need to do and how do I begin investing in my retirement. I just need professional advice. Thanks.
Could you please refer me to your expert, I will like to look him up.
I looked up her name as instructed, I found her business contact. I sent her an email her already. Thanks.
Thanks for this comprehensive breakdown, Humphrey! This video is incredibly informative and a must-watch for anyone planning their retirement strategy. Your clear explanation of tax implications and contribution limits, along with the practical tips for choosing investment options, makes it easier for viewers to make informed decisions. Great job on creating a timeless reference guide!
Ah, the classic retirement planning conundrum! With $332k already stashed away, you’re basically the financial equivalent of a squirrel with a premium stash of nuts. 😆 Time to put that cash to work! This video’s got you covered on 401k, IRA, Roth 401k/IRA, and 403b basics. Perfect for a headstart. Happy investing! 🚀
Totally agree with you! That $332k emergency fund is a solid foundation. If you're looking for personalized advice, though, I’d recommend reaching out to a good investment advisor. I had a fantastic experience with one who really helped me fine-tune my strategies. Their guidance was invaluable!
Sounds like an investment advisor might be the way to go for you too! I’m also in the same boat, trying to figure out the best path forward and how to find the right advisor. Any tips on where to start?
Check out Linda Aretha Reeves, a highly recommended CFA I’ve worked with for years. Her performance has been stellar, and she’s well-regarded in the industry. Might be worth a look!
Just looked up Linda Aretha Reeves and she seems like exactly what I need to get my financial game on track. Thanks for the suggestion!
Linda Aretha Reeves was impressive at the Bloomberg Finance Summit years ago. Her insights and presentation were top-notch!
I've kept much of my savings in cash for safety, but I'm unsure if it's right for retirement. Contemplating investing $400K in stocks, as I've heard investors can profit in tough times. Unsure about my next move.
It's impressive how much you saved during your working years, a feat not many achieve in a lifetime. Now that you're retired and rely on your investments, it's wise to redistribute your capital to mitigate risks during market fluctuations. Consulting a financial advisor can help simplify this process.
Yeah, I’m also closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really 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 have been investing for many years.
Just research the name Rachel Sarah Parrish . You’d find necessary details to work with a correspondence to set up an appointment.
Thank you so much for this video! You explained it well and I was able to follow along as a newbie to these terms.
Just started my first job at 25 right after college and opened a Roth 401 k with my employer who also matches
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Nicole Miller
Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.
You trade with Nicole Miller too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much
I am maxing out my 401k, 457b and Roth IRA for the past decade. Two incomes doing the same. Grinding down hard in my 20s-30s to let it ride into my 40s and beyond.
Nice video the market trends hint at lower prices, but this could also open doors for smart investments. Despite a possible short-term slump, remember the market's long-term potential. Downturns can be entry points for portfolio expansion. Success lies in informed decisions and strategic planning. Thanks to Shea Ardolf’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!
Shea Ardolf program is widely available online..
Investing is how you create Wealth, I started investing from pandemic crash
Trading has offered many opportunities to investors to build a high portfolio despite the economic downturn
Buying crypto doesn't ensure profit always for you especially when the bear market is at hand. Y'all should be able to make a profit off the market even with declination in price.
Trading is the future, not these holding on crypto currency and expecting a surge in market price.. Thanks, Shea Ardolf you have really helped me out so well in this crypto market
It might be worth mentioning in your next update that if contributing to both 401K and IRA, only one is tax deductible - usually 401k since more money would likely go in there. I think that also makes Roth IRA more attractive than traditional for a lot of people.
I just turned 41 and awfully late to investing with barely any portfolio except my 401k, I have a decent amount of cash saved up and with inflation currently soaring AGAIN, I’m getting worried about retirement, my intention is to retire at 65 atleast, so how best do I maximize my savings of over $500k
Retirement is now more difficult than it was in the past. it's all about balancing your risk tolerance with your long-term goals. Maybe consider speaking to an advisor to help in diversifying your portfolio to spread out the risk.
Generally speaking, a good number of people discredit the effectiveness of financial advisor in planning for retirement, For over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3m in gains… might not be a lot but retirement doesn’t seem so farfetched anymore.
Your advisor must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
SONYA LEE MITCHELL has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend you look her up if you want excellent collaboration.
I was curious after reading what you shared, so I Googled her name. I came across her webpage.
I've come to realize that money is a tool. I’ve worked so hard over the years to realize that if you don’t make money work for you, you can’t experience true freedom. fully retired with over $3.5million, my dividends is supplementing my retirement at the moment. started saving and investing in 2010 in growth, No regrets and financially free
I have my portfolio overseen by a California-based wealth advisor 'Martha Cornell Kerns', Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown
This is an amazing goal so many of us are striving for, Trying to build wealth and diversify assets. your advisor looks advanced and experienced. I wrote her and scheduled a phone call.
All the best. It’s a tough one to start
Please stop posting this. This gets posted every few videos and is a scam to get others to ask "how?" And recommend a shady financial advisor.
Can I borrow something please 🙏
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@@hunter-bourke21 Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
*Camille Alicia Garcia* maintains an online presence. just make a simple search for her name online.
I am going to look her up, I have about $81k i want to start with, might be small but it's better than nothing though. Since the 08 crash is playing out again.
Retirement is now more difficult than it was in the past. I've been saving for a long time instead of investing, and right now I only have about $400K. considering all the inflation, i'm thinking of investing in stocks, i dont just have idea on market strategies.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
Mind if I ask you to recommend this particular coach you using their service?
Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
With Stocks your money will still be Variable, What you should do is put that 400k into an Indexed account !!
Scammer vibes !
How long will it take to turn $500 K into $1 million ?,thinking of going into stock !
A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
@@AlexandersRodrigueza I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks...
Taking break may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. A licensed CFA whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help...
Oh please I’d love that. Thanks!
*PAMELA ANN PUNKAR*
Thanks for such a great video about the retaiment account. It helped me understand these accounts very well. I am a long-term listener of your content. It was truly very informative 😊
It's great to hear that you are considering investing in the stock market after being inspired by the success of Munger and Buffett with Berkshire Hathaway. Here are some key points to consider when investing a significant amount like the proceeds from selling your apartment:
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.
Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.
Leicia Zavala Perkins is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment
Most Americans find it hard to retire comfortably amid economy crisis. Some have close to nothing going into retirement, my question is, do I pull cash from my 401k and buy a house, or spread my money in stocks for cashflow? I'd love to afford my lifestyle after retirement?
For many years, bonds or other fixed-income assets could produce the yield needed to provide solid income for retirement needs.The importance of having financial safety could be why boomers are turning towards advisors in retirement planning
A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good strategy to plan for retirement, hence I engaged the services of a true market strategist to help rejuvenate my $700k portfolio and boost performance and returns by 40% in a little over four years.
There has been so much knowledge shared here, I'm at a crossroads with my portfolio and would like to see it grow in view of retirement. How can I reach this professional?
'Monica Selena Park' deserves credit as one of the finest portfolio managers in the industry. Her reputation precedes her, and I highly recommend exploring her work and you can locate her online if you are internet-savvy
I was just about to comment at the very end but then you finally mentioned the BACKDOOR Roth IRA. Yeah!
I appreciate this video. I'm 16 and want to open an account so I can live comfortably later, so thank you for helping me to make this possible.
Great video, thank you! Great videos for a middle aged working poor person. Helping me be positive about achieving some retirement goals
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
Safest approach i feel to tackle it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert
True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
pls how can I reach this expert, I need someone to help me manage my portfolio
Monica Shawn Marti is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her site up and filled the form. I hope she gets back to me soon.
Liked, subscribed & forwarded to my friend who had investment questions. Great explanation.
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
Credits goes to Vivian Jean Wilhelm,. She's widely recognized; you should take a look at her work.
Thanks for the lead
Planning ahead can really make a big difference, especially when it comes to minimizing taxes. I’ve been exploring the crypto and stock markets for about six months now, and it’s been a game changer for me. I decided to reinvest my RMD strategically, and that decision has really paid off-I’m now pulling in around $25k a week with very little trading on my end. It’s been a great way to create a cushion and relieve a lot of financial stress. Best of luck with your RMD decisions-I hope you find the same peace of mind!
@GeldaRibeiro I signed up for a 1-on-1 trading session. It’s similar to copy trading, but you get tailored guidance specific to your goals.
It's a secure and supportive way to improve your trading skills while earning, the best part is there's no upfront payment require
Honestly, I’m struggling with learning how to trade. It’s tough watching my portfolio underperform, and it’s been pretty discouraging. I could really use some guidance.
I suggest consulting with Dave for guidance, This way you can get strategies designed to address your unique long/short-term goals
@@LongManBTC If you don’t mind me asking, who’s Dave? He sounds like someone who could really help!
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
I just Googled his name and his website came up right away. It looks interesting so far. I sent him an email and i hope he responds soon.
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.
Consider financial advisory so you don’t keep switching it up, Top 3 payers for the month were $OHI, $KMI, and $EDP for an over all payout of a little over $20.. not bad for a 350k portfolio.
Love your videos Humphrey! You’re ao good at this!!!
I commented recently on one of your videos here but I have a work 401k that matches up to 6% so I elect 9-10%. I have a little money going into my Fidelity IRA on a monthly basis. I have a fidelity traditional IRA that I’m currently not contributing to as it was basically a roll over from a previous company. I also utilize CIT bank as my high yield savings account which I find to be real good and one of the more consistent ones. I have about a 770 credit score. Always trying to find the balance in savings as I am also saving to purchase a business in 2024. You are a calm breath of fresh air
So far I'm doing good, approaching retirement with about 800k in savings. Transitioning from building wealth to spending can be scary, especially with soaring inflation. My question is, after maxing out my tax-advantaged retirement accounts, what next?
In my opinion, some financial situations can be handled on your own if you research enough, while others are best navigated in consultation with a financial advisor
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Mind if I ask you to recommend this particular coach you using their service?
Sonya lee Mitchell is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Thank you so much for your information video. I learned a lot. God bless you.
hi humphrey im a newly minted doctor and by the time ive started to make my own money im already 30 and dont know wtf is going on. watching your videos have made it super helpful!!
I’ll do both, fish and work! I loved this information ❤. Thank you 🙏
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@GeorgestraitStriat Oh please I’d love that. Thanks!
@@Lourd-Bab Clementina Abate Russo is her name
Lookup with her name on the webpage.
Amazing presentation
I like the detailed explanation just so precise and detailed
Best 401k and Roth explanation
great video! 👏👏👏👏👏
Thanks for the video and explanations!
Another fantastic video, thank you Humphrey!
Contributing to both a Traditional 401k and Roth 401k is more about tax optimization. Remeber the current tax deduction you get comes from your top marginal bracket down, when you withdraw you pay from the lowest bracket up. So a combo allow you to deduct the top bracke into a tradtional 401k today then put lower taxed money into Roth, then when you retirr, you can withdraw just enough from tradtional account to pay the lower tax brackets (0%-15%) and cover the rest using tax free Roth money. This way you avoid paying your higest taxe bracket today and when you retire.
Monica Shawn Marti, best adviser out there right now
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.
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.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
I have thought about it, but haven't figured out how to get consultation, I don’t live in a big city.
Look for Monica Mary Strigle I am close to retirement with 1.4 M to my name outside of retirement accounts. I hired her services 3 years ago, she contributed immensely to my portfolio progress.
What is her fee structure like? Are her services available to about anyone? Can you share more details?
I’m 52 hoping to end the rat race by 60 with above $1M. I know money is a liability to be exchanged for assets with real value like real estate (properties for rent) stocks (dividends) bonds (interest) But, what is it with bitcoin? I hear a lot about it and I'd love to diversify my portfolio.
bitcoin does not pay any yield but will reward you with growth that you can't find in any other asset class
look at the charts, bitcoin has outperformed every stock and banking product ever developed even after multiple pullbacks over the last decade. not a financial advisor but I know what i'm saying
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Evelyn Infurna. I am at $128k right now and LOVING that you have to bring this up here
Evelyn Infurna Services has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm 55 and semi-retired with IRA sitting in cash, but not impressed with growth so far. How can I take advantage of the current market to make gross profits and retire comfortably rich? Heard of folks that turned millionaires in shaky times like this
depends how much is 'comfortably rich' if you pinpoint a particular amount to retire with, then it's ideal to plan with a trusted advisor
thanks for the hint, just inputted Katherine Nance Dietz on my browser and found her consulting page, no sweat.. she seems valid
Thank you! Very simply put
Great 101 video. One on the new 529 to Roth would be great.
Hi! I'm Divya from India. I'm learning US tax and really confused between 401(k) and IRA. This video really helped me. Thankyou.
This is great! Thanks!!
Thank you for the video 🙏
I am a new follower of your channel Greetings from Sweden 😊
appreciate the knowledge you've provided. Because this administration has putting so many families into difficult situations, I pray for our country, we need compassion for the American my country.
Great Video mane
I’m a first generation American. I’m finally getting my head wrapped around my retirement (27 male) and then have to figure out my mom’s retirement and I’mp. Family history comes from a 6th grade education background at the highest level and live for the moment/ mostly paycheck to paycheck. I Don’t have kids yet or married but, I’m sure I’ll figure it out eventually lol
Lots of useful information but I have yet to see a video that clearly explains how the same upfront taxes are paid. Are they withheld by the broker or do you actually pay them at tax return time?
Nice video. In ither countries there are different rules, but its nice to know how it works in USA
Great video. Very informative and helpful.
This was awesome
Match 13th so good time to see this for my ira
Love the videos, would you make a video off other countures form off high yield savings accounts, if possible think the way you do your research and presenting would be lot of help👌
Your videos are well constructed and informative. May I ask that a topic be addressed? Long Term Care. I being retired face a strong possibility of LTC. Young people need to be aware of how to plan for this event. Insurance, annuities or whatever. the costs of LTC are terribly high. Please consider addressing this. thank you.
You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
Their
...services are very genius and experienced in the market for over a decade and counting, they changed my life from a poor plumber to a better and middle class family man with 2kids.
she's mostly on Instagrams, using the user name
FXMILLER151 💯.. that's it
Thank you for the insights. I love watching your channel.
My question is about my concentrated stock holdings in RSUs, which have grown significantly over the past nine years and now constitute the majority of my retirement fund. I do have a 401(k), but the RSUs amount to more than five times its value. I am already at the higher tax bracket and am very careful on transferring these to index funds.
I want to diversify the concentrated stock into different index funds, but I’m not entirely confident I can handle this on my own. A Fidelity advisor recommended an SMA (Separately Managed Account) for better tax efficiency compared to index or ETF funds.
I’ve been researching online and consulting multiple resources to ensure I make the right decision. From what I’ve seen, 90% of general advice points toward low-cost index funds, but I need a tax-efficient way to diversify my portfolio. Do you have any recommendations that could help me make a well-informed choice? Thank you.
I traded well on my Demo account but when I invested in to my main account i lost all my funds. Please i need an expert to assist me with my trading. It's frustrating how people loss funds in this trading, I really feel so bad.
It's very obvious that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
It's a great idea to have a conversation with
financial advisors like Emily Jason to reshape you
portfolio.
I agree with you, I'm not here to converse for her but to testify just for what I'm sure of, she's trust worthy and best option ever seen..
I think.Its really needful for beginners not to settle for videos alone or they will see themselves losing all their money just like me when I newly started trading with this videos here on UA-cam.
She's really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment 👏
One other thing about a traditional ira is the availability of many more investment opportunities
I'm uncertain if my 401(k) and IRA will secure a stable future. I'm looking for an investment strategy that aligns with my risk tolerance and financial goals. I've set aside $1 million for this purpose. Would you recommend investing in stocks or purchasing rental property?
Stocks returns on average 10%. Property returns on average 10.5%. if you close to retirement id suggest stocks as it's easier to liquidate and less upkeep
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
Please can you leave the info of your investment advisor here? I’m in dire need for one
I work with Rebecca Nassar Dunne as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
Interesting to see how the US system compares to our Australian Superannuation system.
Great video
it'd be so nice to have people like this but for canada
I'm in the US but I like watching Steph and Den who are Canadian finance UA-camrs.
What sets top invest0rs apart from the rest? I've got $345K in equity from a home sale and I'm unsure whether to put it into stocks or wait for a more favorable market condition.
Amidst recession, investors need to understand where and how to allocate funds to hedge against downturns and still make profits. if you can't navigate the market you should consult with an expert advisor
It's easy to overlook the importance of advisors until emotional mistakes catch up with us. Following my divorce, I recognized the need for expert advice to stabilize my business and discovered a highly qualified advisor who increased my reserves from $175k to $850k, outpacing inflation.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon
Helpful
I’m confused about the higher tax bracket if you’re still working after 59.5 years old with the traditional 401k
Not a retirement, but a 529 account for your children's education (not just college) is a great investment too! Not pre-tax sadly.
here’s a question that may be a little dumb: what’s the difference contributing to a Roth IRA instead of just the fund itself. to explain, if my Roth IRA is contributed to the S&P 500, why not just the best of the S&P 500 itself? Why is it beneficial to be in a retirement account?
that’s actually a really good question, did anybody answer you yet maybe elsewhere? I am curious too
Because withdrawals are tax-free, no capital gains tax.
Thanks for a great video. If we do a rollover from traditional 401k to a roth IRA, is it considered a contribution? Can i withdraw that contribution money that i rolled over penalty free even before meeting 5 year rule?