How Do I Move to a Roth?
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- Опубліковано 28 лип 2016
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I didn’t have any friends until I met Roth.
Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.
This is some good information. I should have been listening to Dave 20 years ago.
He needs to recalculate the return using the $60k that goes into the Roth. He's using the $200k he calculated based on having $90k invested. The conclusion is not necessarily wrong, but the reasoning is misleading.
when moving from traditional to roth make sure the amount you make taxable doesnt take you over the amount that makes your medicare cost rise.
Great Information!! Have done this a couple times over the years.
She still had no clue what was being talked about... LOL
In a 10 year period, remember there is always a potential for a recession or economic slowdown. So, don't count on your money to grow every year. There will be years that your money may go down 40% or more. That's the risk.
The way he cuts people off on that console is funny asf.
Those two make 200k in a year but can't cash flow 30k at any one time??? where do you find these people?
I have to replay this two times to absorb the information.
Although the explanation of a Roth vs. Traditional was spot on, at 60 you do NOT want to overload on growth stocks for a large return. You have to adjust your allocation so you can have funds on hand if you need it at 60, otherwise a bad market turn and you're going to be broke late in life.
Simple:
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 5 million dollars
Translation
Great information. Big help👍
If you are working overseas, do be aware that foreign exemption precludes you from contributing to a Roth. That’s a caveat many may not know.
Any additional resources you all would recommend to understand these things more
Nice video, but the question posed in the title is not addressed.
I really like have gentle and informative he was!!! Excellent approach!