I disagree with some of your comments on the target date fund. The best piece of a target date fund is that it automatically 're-balances' making it great for a one and done kind of retirement planning. As you age the risk tolerance drops, which again is very good for those who are not super savvy when it comes to risk and re-balancing their portfolios. Otherwise great video. Looking forward to more in the future :)
@@alrocky First, thank you for the comment and I appreciate the perspective. Here is my take...If you use TDF and determined you need a specific stock/bond allocation and searched for which fund has that mix on that particular date, then reallocation of that fund may be very different in 10 years than your plan may show. The TDF's allocation changes may not be in line with your risk tolerance. The point, it's not enough to just choose a TDF and expect it to work for everyone who is retiring in that year. The bigger issue, is the implication that choosing a specific target date fund allows you to retire on that date too. Another huge issue is the fact the TDF have bonds in the early years of saving.
I do. Why hold any bonds if your time horizon is 30+ years? It’s nonsense. the only acceptable scenario is if you have so much money you don’t need it to work that hard but even then it’s ridiculous.
Very informative Travis I like it. Unfortunately it doesn’t answer my problem But I’ll ask anyways so I have a solo 401(k) with in a Roth subaccount. The golf course is full retirement and investing. So what I’ve been doing is pouring money into the Roth directly and then transfer that money to my brokerage mainly Robin Hood and and m1 finance The big mistake was Robin Hood does not allow a trust account it could only be under your name and your Social Security number. So now that it’s under my name in Robinhood says they can change it it’s now a distribution in which case I just because I just funded it this year so it’s a non-qualified distribution subject to tax The money in Robinhood has already been invested. So I wonder if there is a fix for this
Min 1:11 You said “Roth IRA investments are going to grow tax-deferred”. This is actually innacurate. That would be the traditional IRA, not the Roth. Roth IRA’s are an “after tax” investment. You DO pay taxes on the investment, then it grows “tax free”.
would you recommend contributing max 6k as one time transfer to roth ira at the start of the year rather than having monthly transfers for 12 months? which one is more beneficial?
Very helpful video!
Great videos. Really informative. Keep these coming
Thanks for watching!!! Fixing up the studio now and hopefully will have more this week.
Thank you.
I disagree with some of your comments on the target date fund. The best piece of a target date fund is that it automatically 're-balances' making it great for a one and done kind of retirement planning. As you age the risk tolerance drops, which again is very good for those who are not super savvy when it comes to risk and re-balancing their portfolios.
Otherwise great video. Looking forward to more in the future :)
Sounds good in theory, not in practice. Look more into bonds vs bond funds. Also, should everyone have the same risk tolerance based on age?
@@alrocky First, thank you for the comment and I appreciate the perspective. Here is my take...If you use TDF and determined you need a specific stock/bond allocation and searched for which fund has that mix on that particular date, then reallocation of that fund may be very different in 10 years than your plan may show. The TDF's allocation changes may not be in line with your risk tolerance. The point, it's not enough to just choose a TDF and expect it to work for everyone who is retiring in that year. The bigger issue, is the implication that choosing a specific target date fund allows you to retire on that date too. Another huge issue is the fact the TDF have bonds in the early years of saving.
I do. Why hold any bonds if your time horizon is 30+ years? It’s nonsense. the only acceptable scenario is if you have so much money you don’t need it to work that hard but even then it’s ridiculous.
Very informative Travis I like it. Unfortunately it doesn’t answer my problem But I’ll ask anyways so I have a solo 401(k) with in a Roth subaccount. The golf course is full retirement and investing. So what I’ve been doing is pouring money into the Roth directly and then transfer that money to my brokerage mainly Robin Hood and and m1 finance The big mistake was Robin Hood does not allow a trust account it could only be under your name and your Social Security number. So now that it’s under my name in Robinhood says they can change it it’s now a distribution in which case I just because I just funded it this year so it’s a non-qualified distribution subject to tax The money in Robinhood has already been invested. So I wonder if there is a fix for this
Min 1:11 You said “Roth IRA investments are going to grow tax-deferred”. This is actually innacurate. That would be the traditional IRA, not the Roth.
Roth IRA’s are an “after tax” investment. You DO pay taxes on the investment, then it grows “tax free”.
would you recommend contributing max 6k as one time transfer to roth ira at the start of the year rather than having monthly transfers for 12 months? which one is more beneficial?
Can you use ssdi money in a roth ira?
No