I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My CFA NICOLE ANASTASIA PLUMLEE 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..
Exactly! This is exactly my struggle right now in deciding whether to do a Roth Solo 401k or a Traditional Solo 401k. The quarterly income taxes are going to put a huge damper on the amount I can send to the Solo 401k each month. Not sure which way to go.
i would go for the pre tax if you think your tax will be less or the same amount wene you retire that way you contribute more and have more later on. if you think your tax will be more later i would consider a IRA.
Hey Travis, do you know why the IRS withholding estimator considers our 401K and HSA contributions as other income? Telling us to put the total of all of them as other income on 4a of the W4. Strange.
@@TravisSickle Agreed. If you have a moment, play with the estimator and tell it you contribute to 401k and/or HSA, and you will see it's telling you to put it as other income. I have to believe it's broken.
Hello, I am filling out a CSU application for college and it is asking me to input my Parents' adjusted gross income (AGI) for 2022 and my Parents' untaxed income and benefits for 2022. I know the AGI can be found on line 11 of the 1040 form on the 2022 Individual Tax Return, but I want to confirm where I can find the amount for the untaxed income and benefits? Is it line 2a where it says “Tax-exempt interest” or is it line 2b where it says “Taxable interest”? Line 2a is blank, but line 2b has an amount. Which one would I put? Thank you
Hi, I asked this on another video of yours: Can I add to my 401K for last year 2023 before April 15, 2024? Let’s say I have 15k in and I am over 50. Can I still add to it or catch up or does it all have to be before December 31st 2023? Thanks
Since no one answered this, 401k has to be calendar year (12-31 at latest). Only the roth ira can you add into the next year. Idk about traditional ira since I don't use it.
they don't always go up but it sure looks like it must given the ridiculous spending over the last 100 years. I believe the expenses will inevitably come down or we will have some serious issues.
Google sheet is now on the discord server here discord.gg/enuJThjHJ9
Do you really have to pay to get access to these Google sheets? Seems silly
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA NICOLE ANASTASIA PLUMLEE 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..
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Would you please provide a link to the Google Sheet?
Exactly! This is exactly my struggle right now in deciding whether to do a Roth Solo 401k or a Traditional Solo 401k. The quarterly income taxes are going to put a huge damper on the amount I can send to the Solo 401k each month. Not sure which way to go.
i would go for the pre tax if you think your tax will be less or the same amount wene you retire that way you contribute more and have more later on. if you think your tax will be more later i would consider a IRA.
Try to max out both 😆
This is an excellent tool. Thanks!!
welcome
It would be interesting to know what the median withdrawal amount is annually?
Thanks glad you made this video!
Bare minimum get the company match for the traditional 401k. It’s free money.
Good stuff❤😊
Thanks ✌
The only other thing left out here in respect to the calculation are other additional tax credits for dependents, etc. correct ?
generally, yes.
Hey Travis, do you know why the IRS withholding estimator considers our 401K and HSA contributions as other income? Telling us to put the total of all of them as other income on 4a of the W4.
Strange.
It's not contributions. ONLY distributions from those accounts and those are ONLY from the pretax accounts not the Roth 401k.
@@TravisSickle Agreed. If you have a moment, play with the estimator and tell it you contribute to 401k and/or HSA, and you will see it's telling you to put it as other income.
I have to believe it's broken.
I noticed that too.
Hello,
I am filling out a CSU application for college and it is asking me to input my Parents' adjusted gross income (AGI) for 2022 and my Parents' untaxed income and benefits for 2022. I know the AGI can be found on line 11 of the 1040 form on the 2022 Individual Tax Return, but I want to confirm where I can find the amount for the untaxed income and benefits? Is it line 2a where it says “Tax-exempt interest” or is it line 2b where it says “Taxable interest”? Line 2a is blank, but line 2b has an amount. Which one would I put?
Thank you
Hi, I asked this on another video of yours: Can I add to my 401K for last year 2023 before April 15, 2024? Let’s say I have 15k in and I am over 50. Can I still add to it or catch up or does it all have to be before December 31st 2023? Thanks
Since no one answered this, 401k has to be calendar year (12-31 at latest). Only the roth ira can you add into the next year. Idk about traditional ira since I don't use it.
So I'm saving pre tax now but I don't plan to buy a home until I retire. Would post tax be better?
are you thinking of using the money in your retirement account for the home purchase?
@@TravisSickle Maybe 🤔 I have a pension and a 401k
How is 190k in the 22% tax bracket?
Do you think that is too much or too little?
@TravisSickle it's to little!
How can I get the google sheet. Thank you
I posted it on the discord channel. Link in description.
My company will match both roth and pre tax. Should i just put in both?
Taxes will be going up. Period.
they don't always go up but it sure looks like it must given the ridiculous spending over the last 100 years. I believe the expenses will inevitably come down or we will have some serious issues.