The Man Who Revolutionized Retirement Savings: The Future of 401K’s & Retirement Plans | Ted Benna
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- Опубліковано 20 бер 2024
- Meet Ted Benna, the man that created $10 Trillion for Americans by discovering, what is now known as, the 401(K). After sharing the story of how he made the first 401K, Ted shares a new program he's creating called the Wheat, Grains, Incentive Plan as an almost alternative to the 401K which he believes has been drastically changed from its original design and purpose.
WHEAT GRAINS INCENTIVE PLAN - bit.ly/3Pager
Ted Benna's book - a.co/d/8VKLJJp
Ready To Set up an And Asset? Talk with our Life Insurance Experts - www.betterwealth.com/clickher...
Get FREE Overfunded Whole Life Insurance Education and Resources - bttr.ly/vault
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He made me a millionaire so my eternal gratitude.
How much of that is actually yours my friend?
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation❤
People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.
Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.
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
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.
Great video! I had a lot of thoughts, but i think I'll just comment this: I'm still a fan of the Roth. I think there's a much higher likelihood that the government will raise taxes significantly than taxing Roth accounts. Significantly higher. I think in the worst-case scenario, we see congress take away the ability to contribute to qualified plans (both traditional and Roth) and raise taxes. There is something to be said for "taking what you can get today," but historically speaking, we're at the lowest tax rates ever! Pay taxes now! Unless, of course, you're in a very high income situation, where your federal is 32% + 8% state or something to that effect. While it is true that most retirees have a lower taxable income, that's only until RMDs kick in. Then, they're usually in a much higher tax bracket. Strategic planning surrounding using both is probably going to be the best for most people.
I totally agree! We don't know what the future holds. Why not invest in both traditional and Roth? This way it's win win for folks either way...
One other way to look at it is if you can max out your traditional you should contribute to a Roth instead so more of your income can be sheltered.
Perfect timing with this video. Just had this conversation with our tax man.
Awesome Content Thanks 💯🇺🇲🙌
Thanks so much for watching!
Wow! Strait from the source! What an honor!❤
It was a major honor!
Here learning more.... ⚠️
Love to hear it!
I think the Roth minor Ira is the best answer to save social security. If we could open for every child, like we do with 529s. Then have either tax credit or tax deduction, depending on parents income for ages 0-21; as a start for retirement savings; then expand by transferring unused 529 balances; these minor accounts need to have a lock with double withdrawal penalties. This is because guardians would be taking from the retirement accounts of their children
Wheat grains really have you people heard of things called tokens you know like on a blockchain that was invented 15 years ago now
How Blockchain can be used to add retirement funds to one's portfolio?
Great question. Will see if I can find a future guest to talk about this.
Fees can be complete robbery… we need better legislation around it.
Dude, fees for the vast majority of investments are small as shit.
@@pbrown0829 Not in managed funds. With sizable portfolios it can costs you crazy amount of money over time. Run a backtest on a managed fund vs a passively managed fund to see the difference.
I'm surprised yall didn't bring up life insurance lol.
Haha! While life insurance has been our bread and butter on this channel for years, BetterWealth is about so much more than life insurance, it's about offering a different way of thinking about wealth and helping people unlock intentional living through wealth efficiency. Our content will be far more diverse in wealth and financial conversations this year. But of course, we will always talk about life insurance as long as we believe it can help in that mission!
@@BetterWealth I agree with that and thanks for the reply. The main reason I ask, is because Ted Benna apparently said that he puts all his safe money inside of whole life, and nicknamed it the 501k plan, but I've only been able to find one source.
@@multimeter2859 I'll have to have him back on and discuss that!
@@BetterWealth Most definitely. I don't want to use this source unless I know it's legit, but it would definitely provide some ammo against those financial advisors that like to crap on the product and the concept.
30 seconds in and I really like this guy. 😂
Hard not to haha! He’s a great man.