I'm convinced that investing $50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard that saving might be safer, cuz who would've guessed Nvda? I have around $200k in a HYSA and want to invest. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
For someone starting with $200k, begin with S&P 500 ETFs, diversify across asset classes, and invest consistently to minimize risks and maximize growth. Partnering with a financial advisor can help streamline your strategy. This approach turned $80k into $53,000 in annual dividends.
I got huge value from this video. I had no idea about the targeted date funds and then how you can just sell part of your portfolio and more. So much great information. I'm 53 and never learned much about investing. Ugh. I'm pushing my two boys hard with them learning and have had them both open IRAs already. They are 15 and 20. I am imploring them to live below their means and invest and sharing these and other YT videos and books. They are excited to learn. Thankfully I have a good job with retirement but I am also wanting to build more and now use ETFs like SPY and VOO. I'm so glad I came across your channel. Your mom must be so proud!🙂
I am 52 years old. I will be retiring hopefully in 10 years with 40 years of service... I currently have $230,000 in my 401k through fidelity... I am interested in taking some of that money and invested in S&P 500. Would $30,000 be a good start to do this?
Can you please make more videos for people 50 and over regarding personal finance. I think a lot in this age group need to play catch up, don't know how or even if it is possible. Thank you for sharing your knowledge! Much appreciated.
Hi Steve, I am not qualified to open a Roth IRA due to my income, what’s my option? Where’s the best account to place my 5% pay raise besides putting it in my 403 B?
My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?
target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a seasoned advisor to avoid mistakes
When it comes to ‘’personal’’ finance/retirement planning, following the steps of a seasoned advisor did the trick for me in just 5 years. Helped turn my capital into a whooping 6 figure yearly returns. If you want to keep it very safe, then Vanguard TDF may be for you.
I've stuck with SOPHIE LYNN CARRABUS since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
convinced that investing $50k-100k in the right company before it goes big is better than just saving for retirement. But since picking the right company is hard, saving might be safer-who would’ve guessed SPGI? I have $200k in a HYSA and want to invest. What are the best opportunities now?
I find it more productive and safe to buy growth/blue-chip stocks rather than etfs. It's advisable to work with a fiduciary advisor for well-diversified portfolios instead of relying solely on speculations.
I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
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'm a 48-year-old doctor, burnt out from long hours. I've never invested in a retirement portfolio due to personal reasons, but with retirement approaching, how would you safely invest $100K in stocks over 4-5 years?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
The issue is most people have the "I want to do it myself mentality" but not equipped enough hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
*Marissa Lynn Babula* 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..
What distinguishes the best investors from others? I have $385K in equity from selling a house, and I'm uncertain whether to invest it in stocks now or wait for better market conditions.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
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 am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
She goes by ‘’Rebecca Noblett Roberts’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
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.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Great job! You nailed it!! I started at 53yrs young.. and it was the best decision I’ve ever made👌🏾 I plan to invest way pass retirement, to build generational wealth😊
Yea, I would rather die never spending 200k in the bank with that daily peace of mind knowing that I still have security and comfort til that day than to spend my final years in a state of fear and pain because I've completely ran out of money to afford those comforts.
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I'll need help if I'm going to make it through this. The ETF and stock markets are still pretty volatile. What's left of my $170,000 portfolio now isn't looking good; how can I capitalize on the market?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
My CFA Vivian Jean Wilhelm, 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.
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
NICOLE ANASTASIA PLUMLEE’ 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.
Omg how funny I just saw your whole video and didn’t know it had anything to do with being 50 and then I finished the video clicked on it again and it’s regarding a 50-year-old and that’s me I’m 53 and I really want to learn about options so glad I found your channel. You’re a good teacher.
Thank you so much. I have my 19 and 22 year old daughters watching your videos. They know so much more than I did at their ages. I want them to know everyone I didn't.
I think this is a great video. What I think is the highest compliment to the content is how people over 40 (and I am one of them) are clearly encouraged and have humility to take wise advice from a younger person. To me that shows not only your content is good, but you definitely have the thoughts and mind of a teacher.
The scary thing is that you will one day reach an age where you will no longer be able to work. Ready for it or not, it'll happen faster than you realize. Time really starts flying in your later years because you just fall into a comfortable routine. Pretend that it's happening right now to you. This is your last week of work. All you get is your social security. Can you do it? Because that's going to be the reality you'll be hit with pretty darn soon. I think most people wake up every monday as it is thinking, "man... I just can't do another day of this" Prepare for the worst. hope for the best
I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content brother, keep up the good work.
It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Christensend While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Investing in stocks may appear basic but selecting the appropriate stock without a proven strategy can be tough. For the longest time, I've been working to expand my $210,000 portfolio, but the most significant impediment is the lack of a well-defined entry and exit strategy. Any input on this subject would be greatly welcomed.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
'Laurelyn Gross Pohlmeier' 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.
Thank you for this video. I deposit monthly into my Roth IRA and brokerage account. I invest in VOO, Sp& 500, and REIT. I want to know about the monthly deposit. Right now I deposit monthly into my accounts but it just sits there. I don't know how to invest my monthly deposits into the current stocks I have right now. Do I have to continue to purchase stocks with my monthly deposits? or can I add it to the stocks that I currently have right now if so how do I do that? Do I sell what I have and buy more with the money I deposit into my account? I'm so confused about depositing my monthly deposit. Please advise the 62 year single women.
Thanks for the excellent content! I wish that I had this information when I was in my 20’s. You Tube has become an extremely valuable resource (especially if a person is able to stay focused on mastering one subject at a time.) Thanks again- I’m a huge fan of your channel. 🙌
70 y/o divorcd 2 times, liquidated 3 401ks for health expenses etc,...present situation is home of 1.26km value with 300K 40 year interest only loan @ 4% mortgage, rent out mil apartment income of 80k from ss, small annuity, and as a caregiver for my daughter employed by the state. Have about 30k in stock and cash, 24 y/o car, no fluff and have slashed expenses. Started trading with minimal investment and expext 2 year learning curve. Work side jobs as carpenter to support disabled wife as well. Good faith based guy with healthy approach to life.
Excellent information! It was very well explained in layman's terms. I have a IRA account in Schwab and I'm going to invest in the S&P starting tomorrow. Thank you for that great info 👍.
@CalltoLeap It was very helpful. I'm 49 and I have a 401K with my job but it took a major hit during covid when the market crashed. I've been contemplating opening up a Mutual fund.
I have a question? Say when you invest 500 dollars a month for the next 40 years. Where does the say if you need to cash out a little? When is a good time to sell. When your investment stocks skyrockets?
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
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.
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 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
What's the difference in the final numbers when investing in dividend funds vs growth funds? At the end of the line the numbers similar? Thanks for the great video.....
😂, awesome video but most people in this age group only have 200 - 400 a month extra to spare most of the time.. sometimes even way less.. realistically, it can be done but not at the numbers you're talkin about
@leslielewis40 yeah, it definitely hard.. I went back to the basics, cut out cable and internet just have my phone and free over the air TV... switch to using diesel heaters for heat during the winter... started minimizing the junk food and crap that I put into my body and buy sale items only... really micromanaged my budget and got rid of all the none necessary bull crap... and I was only able to come up with maybe $200 - 300 a month for investment... but I have been doing this since 2015 and amassed a small stock of gold silver crypto and some ETFs... not a lot but hey it's better than nothing... when I'm happy about as of recently I did come up with a emergency fund of one month's worth expenses as of last month which is one of the major goals I wanted to have Cash Wise... overall it can be done and it's very hard to do especially with nowadays how we just consume and consume, but over a long period of time you're able to a mass a small Investment Portfolio which could Blossom with the way things are going... Retirement for me is in 2030 - 2033 and I'm hoping this will be enough to fall back on for the wife and I... my major thing is is I wish rent wasn't so high and Energy Products such as gas kerosene diesel etc etc were less money... I think those are my highest priced items I buy out of necessity... Anyways, best wishes to you and yours 😎✌️ #DCAandCHILL
Interesting advice but if you are just get started in your 50's statistically you are in the highest tax bracket you will ever be in. Would not a regular brokerage be better than a ROTH at this age? Or even better yet a pretax account like your employer's 401k? I don't think having a ROTH is bad at any age but as you hit your 50's it is not giving you that much tax advantage. Perhaps you will suggest this later in the video but your 50's is the right time to consider downsizing in home. Most people will have their home mortgage mostly paid off and they can sell, downsize and invest the difference. This could be especially helpful if you really have not saved anything yet. Your home's equity can give you a boost early on in your savings/investing.
I'm 46. How can I invest when filing married but separate; we have not filed together in over 10 years. I started regularly investing in my employer 403b and a little in the Roth 403b,
Hi, this may be a really dumb question, but I have a Rollover IRA that I want to start. Do I still follow these same guidelines or is there something different that you would recommend for people in this situation? thank you in advance!
Hi good afternoon I have a question if the yearly contribution to the Roth and individual account is 7k annually I know it can be a little more depending if your over 50 granted but I keep hearing you reference Contributions of 2k monthly 5k monthly. How is that possible because that’s more than they allow yearly that’s my first question second question is can I have multiple accounts that I’m contributing too to get that high amount of contributions I hope this makes sense
51 and can relate to this. I've really been investing more of my income into 401ks. The gains have really been remarkable within the last couple of years.
I’m glad I’m not the only one who didn’t understand everything he was talking about. A lot of the jargon and acronyms flew over my head. I’m not unintelligent, this is just not an area that I have any experience with.
I am 47 and making the most I have ever made from my six figure job, 401k match, and an entire business I have. I am maxing out my 401k contribution to the max allowed and roth ira for me and my wife and also a iul life insurance policy. I have no debt and a paid off car and cheap home so just throwing money into retirement.
Past a certain income threshold there is no tax advantage I just discovered after doing my taxes (I think it’s 87K per year AGI) basically I wasn’t able to take any deductions on the IRA contributions
Im 52 and need to start a retirement. Late I know. Ive wanted to learn how to invest and whats best to do to get as much before i retire. Do you have videos explaining how to invest and ehat companies? You mentiined SEP 500? Where do we go to invest? Im still pretty clueless.
❤ Thank u so much is it a good idea to invest a large amount at once-let's say 70,000-and then continue investing 200 every month? Or is it better to only invest monthly? Which option is best?
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 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
This has a lot of usable information for an older person. However, there are earning limits associated with Roth IRA that i exceed for a single person. I need that sort of tax arrangement. What sort of plan is good for me at this point to add to my retirement?
Hey. I just left my job that had a 401k with a match and started a job that doesn't have a 401k. What is the best thing to do with my old 401k that I have to move?
Hi Steve, thank you for the time you take to educate us about money. Kindly advise, is what you are saying only applicable to US citizens because I am in Africa.
Hi can you make a video where you show how to do all this in vanguard? Or please direct me to one you've already made. I had trouble navigating and understanding their website. TIA
Few things to explain. An ETF is a type of fund that often tracks existing indexes, similar to what an index fund does. An index fund allows tracks an underlying index, hence the name. The difference between an ETF and an index fund is how they are purchased. Regular index funds are purchased using forward pricing, while ETFs are bought at market or a specific price. Both are good investments, but everyone has a different reason for choosing one over the other.
I'm convinced that investing $50k-100k in the right company before it goes big is more important than saving for retirement. However, picking the right company is so hard that saving might be safer, cuz who would've guessed Nvda? I have around $200k in a HYSA and want to invest. What are the best opportunities now?
I believe investors should start with S&P 500/ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
For someone starting with $200k, begin with S&P 500 ETFs, diversify across asset classes, and invest consistently to minimize risks and maximize growth. Partnering with a financial advisor can help streamline your strategy. This approach turned $80k into $53,000 in annual dividends.
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
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.
I got huge value from this video. I had no idea about the targeted date funds and then how you can just sell part of your portfolio and more. So much great information. I'm 53 and never learned much about investing. Ugh. I'm pushing my two boys hard with them learning and have had them both open IRAs already. They are 15 and 20. I am imploring them to live below their means and invest and sharing these and other YT videos and books. They are excited to learn. Thankfully I have a good job with retirement but I am also wanting to build more and now use ETFs like SPY and VOO. I'm so glad I came across your channel. Your mom must be so proud!🙂
I’m glad this helped and you’re encouraging your sons to implement these wealth habits early on! Woohoo!
I am 52 years old. I will be retiring hopefully in 10 years with 40 years of service... I currently have $230,000 in my 401k through fidelity... I am interested in taking some of that money and invested in S&P 500. Would $30,000 be a good start to do this?
Can you please make more videos for people 50 and over regarding personal finance. I think a lot in this age group need to play catch up, don't know how or even if it is possible. Thank you for sharing your knowledge! Much appreciated.
Absolutely!!
I agree with this comment. PLEASE more videos for Gen X.
Yes! Please, more money information for the 50 plus, year olds. Thank you!😊
will be waiting for that too please Steve! Thank you!
Hi Steve, I am not qualified to open a Roth IRA due to my income, what’s my option? Where’s the best account to place my 5% pay raise besides putting it in my 403 B?
My company paid a consultant to provide retirement classes when I was 24 and just started saving for retirement. The class was called "The Kids Table" and basically their advice was go with a target retirement fund that aligned with your 65th birthday. That was 20 years ago. It is the only thing I've ever invested in. How else can I grow my finance?
target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a seasoned advisor to avoid mistakes
When it comes to ‘’personal’’ finance/retirement planning, following the steps of a seasoned advisor did the trick for me in just 5 years. Helped turn my capital into a whooping 6 figure yearly returns. If you want to keep it very safe, then Vanguard TDF may be for you.
@@PatrickLloyd- any recommendations for advisory service in regards to building my portfolio? I don't really know where to start
I've stuck with SOPHIE LYNN CARRABUS since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I’m 47 and started investing at 44. It’s never too late and thanks for looking out for the older folks who weren’t taught this. I know I wasn’t.
Of course! Here to support you any way I can :)
Agreed!
Hello there @stunzed....I'm reading all here....with all honesty I need investment advise.... would u be a help ?
@@CalltoLeapthanks Steve for the reviews 😊🎉
I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
Invest in S&P 500 ETF, for as long as possible. Do it as often as you can. Try not to withdraw this money and let compounding do its work. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use a help as of now
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
convinced that investing $50k-100k in the right company before it goes big is better than just saving for retirement. But since picking the right company is hard, saving might be safer-who would’ve guessed SPGI? I have $200k in a HYSA and want to invest. What are the best opportunities now?
I find it more productive and safe to buy growth/blue-chip stocks rather than etfs. It's advisable to work with a fiduciary advisor for well-diversified portfolios instead of relying solely on speculations.
I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?
Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
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'm a 48-year-old doctor, burnt out from long hours. I've never invested in a retirement portfolio due to personal reasons, but with retirement approaching, how would you safely invest $100K in stocks over 4-5 years?
I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
The issue is most people have the "I want to do it myself mentality" but not equipped enough hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.
I could really use the expertise of this advsors
Her name is ‘Marissa Lynn Babula’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
*Marissa Lynn Babula* 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..
What distinguishes the best investors from others? I have $385K in equity from selling a house, and I'm uncertain whether to invest it in stocks now or wait for better market conditions.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
You appear to know the market better than we do, so that makes great sense. Who is the coach?
"Laurelyn Gross Pohlmeier," a well-known authority in this field. I would recommend looking into her credentials more because she has a great deal of expertise and is a great resource for anybody looking for advice on how to navigate the financial market.
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 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.
@WilliamRobert-56 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@WilliamRobert-56 I will give this a look, thanks a bunch for sharing.
Thank you for this video. Simple and direct. You have a niche with the 50yrs people. Seriously your mom must be very proud of you. Thank you!
Thank you so much! I try my best to keep it as simple as possible!
Much needed. 50's 60's and beyond. Thanks so much.
I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.
Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.
A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.
I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?
She goes by ‘’Rebecca Noblett Roberts’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me 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.
Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.
Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info
Great job! You nailed it!! I started at 53yrs young.. and it was the best decision I’ve ever made👌🏾
I plan to invest way pass retirement, to build generational wealth😊
Woohoo! I'm glad you started Stacy! :)
@@CalltoLeapI’m happy to join .. thank you for sharing such great content👍🏾
Yea, I would rather die never spending 200k in the bank with that daily peace of mind knowing that I still have security and comfort til that day than to spend my final years in a state of fear and pain because I've completely ran out of money to afford those comforts.
@@Novaximustyyytyg try y aa
Hello, I want to start investing, but I'm unsure where to start. Do you have any advice or contacts for assistance?
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Most people think, investing in crypto is all about buying coins and leaving it to rise, come on it takes much analysis to be a successful crypto trader.
Honestly I really need help learning to trade. Seeing my portfolio low makes me very sad.
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I'll need help if I'm going to make it through this. The ETF and stock markets are still pretty volatile. What's left of my $170,000 portfolio now isn't looking good; how can I capitalize on the market?
Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.
People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
My CFA Vivian Jean Wilhelm, 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
The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.
True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
NICOLE ANASTASIA PLUMLEE’ 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 an online search on her name and came across her website; thank you for sharing.
Yes please make other video I am in 50s and just started investing thanks to you
You are so knowledgeable in handling money! Im 65 & going to start a Roth IRA thanks to you! 😊
Omg how funny I just saw your whole video and didn’t know it had anything to do with being 50 and then I finished the video clicked on it again and it’s regarding a 50-year-old and that’s me I’m 53 and I really want to learn about options so glad I found your channel. You’re a good teacher.
Thank you so much. I have my 19 and 22 year old daughters watching your videos. They know so much more than I did at their ages. I want them to know everyone I didn't.
I think this is a great video.
What I think is the highest compliment to the content is how people over 40 (and I am one of them) are clearly encouraged and have humility to take wise advice from a younger person.
To me that shows not only your content is good, but you definitely have the thoughts and mind of a teacher.
Please more for the over 50/60 crowd. You are very intelligent & share such great info we were never taught
Perfect video for me. I am 51 years young. Thank you for this
Glad it was helpful!
The scary thing is that you will one day reach an age where you will no longer be able to work. Ready for it or not, it'll happen faster than you realize. Time really starts flying in your later years because you just fall into a comfortable routine. Pretend that it's happening right now to you. This is your last week of work. All you get is your social security. Can you do it? Because that's going to be the reality you'll be hit with pretty darn soon. I think most people wake up every monday as it is thinking, "man... I just can't do another day of this"
Prepare for the worst. hope for the best
I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content brother, keep up the good work.
You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.
It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.
@@Christensend
While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.
It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.
Can you introduce me to Jonas? I'd love to learn more about his service.
Investing in stocks may appear basic but selecting the appropriate stock without a proven strategy can be tough. For the longest time, I've been working to expand my $210,000 portfolio, but the most significant impediment is the lack of a well-defined entry and exit strategy. Any input on this subject would be greatly welcomed.
Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.
True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.
You seem to know the market better than we do, so that makes great sense. Who is the guide?
'Laurelyn Gross Pohlmeier' 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.
I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks
Steve OMG your explanation are AMAZING! Thank you!
You sir, are still an excellent teacher.
You make it so easy to understand, thank you so much for sharing your knowledge, God bless you!
could you do one exactly like this but with FIDELITY and people over 55? I would love that - TIA
Yes as long as you have earned income. Also would look at your 401 k or equivalent at work if available or applicable.
Great video. I am not 50 but still need this advice. Do you offer consultations? I'd be very interested. Thanks!
I appreciate for sharing your knowledge.
Thank you! I learned alot. You have a new subscriber!
Thank you for this video. I deposit monthly into my Roth IRA and brokerage account. I invest in VOO, Sp& 500, and REIT. I want to know about the monthly deposit. Right now I deposit monthly into my accounts but it just sits there. I don't know how to invest my monthly deposits into the current stocks I have right now. Do I have to continue to purchase stocks with my monthly deposits? or can I add it to the stocks that I currently have right now if so how do I do that? Do I sell what I have and buy more with the money I deposit into my account? I'm so confused about depositing my monthly deposit. Please advise the 62 year single women.
Thanks for the excellent content! I wish that I had this information when I was in my 20’s. You Tube has become an extremely valuable resource (especially if a person is able to stay focused on mastering one subject at a time.)
Thanks again- I’m a huge fan of your channel. 🙌
you are excellent. you are helping Society financially as tips. Great work, keep it up. once again thanks, its valuable info
Yes I’m interested in hearing about covered calls
70 y/o divorcd 2 times, liquidated 3 401ks for health expenses etc,...present situation is home of 1.26km value with 300K 40 year interest only loan @ 4% mortgage, rent out mil apartment income of 80k from ss, small annuity, and as a caregiver for my daughter employed by the state. Have about 30k in stock and cash, 24 y/o car, no fluff and have slashed expenses. Started trading with minimal investment and expext 2 year learning curve. Work side jobs as carpenter to support disabled wife as well. Good faith based guy with healthy approach to life.
Thk u for being a teacher. Bless u
If I open a Roth IRA with Fidelity, can I transfer my current Roth IRA (from my Credit Union) to the Fidelity Roth, so I can invest it?
Yes you can. Be sure it’s a transfer and not a withdrawal. There are specific forms to do this.
Thank you this actually helped me a lot. You explained things very well
I'm 57 and I really appreciate your videos. Recently opened a Roth IRA at Fidelity😊
Opened 3 days ago! 😊
𝕎𝕙𝕒 𝕤𝕒𝕡𝕟𝕦𝕞𝕓𝕖𝕣±𝟷𝟸𝟺𝟶𝟸𝟶𝟹𝟷𝟽𝟸𝟶🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾大家都這樣🙏🏻Big thanks.🎉.
Excellent information! It was very well explained in layman's terms. I have a IRA account in Schwab and I'm going to invest in the S&P starting tomorrow. Thank you for that great info 👍.
Glad it was helpful!
@CalltoLeap It was very helpful. I'm 49 and I have a 401K with my job but it took a major hit during covid when the market crashed. I've been contemplating opening up a Mutual fund.
Thank you so much. I’m 50 and this is so helpful.
Lots of value, through inspiration... glad I came across your channel!
This is such amazing info! I want to learn here to do Covered Calls, please! 🙏🏽
Thanks Ada! I have a lot of videos on this on my channel!
@@CalltoLeap I will check them out!
I have a question? Say when you invest 500 dollars a month for the next 40 years. Where does the say if you need to cash out a little? When is a good time to sell. When your investment stocks skyrockets?
Steve do u have bonds &cd's? Can u teach about them ? I think your great !
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Grace Miller.
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.
The very first time we tried, we invested $1400 and after a week, we received $5230. That really helped us a lot to pay up our bills.
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 new at this, please how can I reach her?
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
Great content. I enjoy your shorts and longer videos. Late 50's and I am working on a 11-12 year horizon.
I have a 403B plus Three high yield savings accounts. I'm 58 and would like to retire at 66. Considering either a VOO EFT or the Roth IRA. Any ideas?
What's the difference in the final numbers when investing in dividend funds vs growth funds? At the end of the line the numbers similar? Thanks for the great video.....
10:08 good video. Interest fear rate hikes. Now that’s a new phrase.
Thank u pal!! Great info and to the point! Gives me hope!! 🙏🙏 do you have a company you could recommend to start a Roth IRA with?
😂, awesome video but most people in this age group only have 200 - 400 a month extra to spare most of the time.. sometimes even way less.. realistically, it can be done but not at the numbers you're talkin about
Or none. Some of is are scraping by. I have a 401k through my job and I just opened a Roth as well but I have precious little to contribute.
@leslielewis40 yeah, it definitely hard.. I went back to the basics, cut out cable and internet just have my phone and free over the air TV... switch to using diesel heaters for heat during the winter... started minimizing the junk food and crap that I put into my body and buy sale items only... really micromanaged my budget and got rid of all the none necessary bull crap... and I was only able to come up with maybe $200 - 300 a month for investment... but I have been doing this since 2015 and amassed a small stock of gold silver crypto and some ETFs... not a lot but hey it's better than nothing... when I'm happy about as of recently I did come up with a emergency fund of one month's worth expenses as of last month which is one of the major goals I wanted to have Cash Wise... overall it can be done and it's very hard to do especially with nowadays how we just consume and consume, but over a long period of time you're able to a mass a small Investment Portfolio which could Blossom with the way things are going... Retirement for me is in 2030 - 2033 and I'm hoping this will be enough to fall back on for the wife and I... my major thing is is I wish rent wasn't so high and Energy Products such as gas kerosene diesel etc etc were less money... I think those are my highest priced items I buy out of necessity... Anyways, best wishes to you and yours 😎✌️ #DCAandCHILL
Interesting advice but if you are just get started in your 50's statistically you are in the highest tax bracket you will ever be in. Would not a regular brokerage be better than a ROTH at this age? Or even better yet a pretax account like your employer's 401k?
I don't think having a ROTH is bad at any age but as you hit your 50's it is not giving you that much tax advantage.
Perhaps you will suggest this later in the video but your 50's is the right time to consider downsizing in home. Most people will have their home mortgage mostly paid off and they can sell, downsize and invest the difference. This could be especially helpful if you really have not saved anything yet. Your home's equity can give you a boost early on in your savings/investing.
Great, easy to understand! Thank you.
𝕎𝕙𝕒 𝕤𝕒𝕡𝕟𝕦𝕞𝕓𝕖𝕣±𝟷𝟸𝟺𝟶𝟸𝟶𝟹𝟷𝟽𝟸𝟶🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾大家都這樣🙏🏻Big thanks.🎉.
Thank for informative information, it has been very helpful.
I'm 46. How can I invest when filing married but separate; we have not filed together in over 10 years. I started regularly investing in my employer 403b and a little in the Roth 403b,
Great videos. Thank you
Steve, another great video!! Extremely informative and helpful !
Hi Steve, I’m in my 60’s, have 403B. What other investors I get into to boost my retirement portfolio?
Hi! If you're still working, you can open a Roth IRA, or even look into a TBA!
@@CalltoLeap Hi Steve, can’t qualify to a Roth IRA due to my income, I have a 403 B . Is the earnings on TBA taxable?
Hi, this may be a really dumb question, but I have a Rollover IRA that I want to start. Do I still follow these same guidelines or is there something different that you would recommend for people in this situation? thank you in advance!
Thank you. Great information learned alot.
Glad it was helpful!
great stuff!! (Is it possible to do video on covered calls.
Yes! I can do that next!
@@CalltoLeap im waiting for that video as well. Thank you
Thank you for all this info
Hi good afternoon I have a question if the yearly contribution to the Roth and individual account is 7k annually I know it can be a little more depending if your over 50 granted but I keep hearing you reference Contributions of 2k monthly 5k monthly. How is that possible because that’s more than they allow yearly that’s my first question second question is can I have multiple accounts that I’m contributing too to get that high amount of contributions I hope this makes sense
51 and can relate to this. I've really been investing more of my income into 401ks. The gains have really been remarkable within the last couple of years.
Steve, I have $50k from my parents estate. I’m 57 and would like to retire by 65. What should I do with it to have the most at 65.
I will do cover calls or secure puts to start collecting passive income.
Put it on red , 3 times .. after that go apply for welfare
Great video, thank you. Yes, please put together a video on covered calls.
This is great information. I would suggest if you are still working, fund your HSA first. HSA offer the triple treat- happy investing
Yep! Only if you have a HDHP (high deductible health plan). HSAs are great for taxes!
What are CDs? What are Cover Calls?
I’m glad I’m not the only one who didn’t understand everything he was talking about. A lot of the jargon and acronyms flew over my head. I’m not unintelligent, this is just not an area that I have any experience with.
I am 47 and making the most I have ever made from my six figure job, 401k match, and an entire business I have. I am maxing out my 401k contribution to the max allowed and roth ira for me and my wife and also a iul life insurance policy. I have no debt and a paid off car and cheap home so just throwing money into retirement.
Thank you! This was incredibley helpful!
Thank you!
Well said. Thanks!
Past a certain income threshold there is no tax advantage I just discovered after doing my taxes (I think it’s 87K per year AGI) basically I wasn’t able to take any deductions on the IRA contributions
Im 52 and need to start a retirement. Late I know. Ive wanted to learn how to invest and whats best to do to get as much before i retire. Do you have videos explaining how to invest and ehat companies? You mentiined SEP 500? Where do we go to invest? Im still pretty clueless.
❤ Thank u so much is it a good idea to invest a large amount at once-let's say 70,000-and then continue investing 200 every month? Or is it better to only invest monthly? Which option is best?
What’s up with low index funds? Everyone seems to be saying this is the best to invest in?
Please continue to make videos for people over 45 or can you suggest a reputable creator who focuses on 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
Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading
I'm new at this, please how can I reach her?
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
Sure! She interacts on what's App using the digit below 👇
Thank you! SPY Covered Call video would be great!
Question: To make future Covered Calls on SPY….Do you buy SPY in your Roth Account or your regular Fidelity individual account?
I can make one in the future!
This has a lot of usable information for an older person. However, there are earning limits associated with Roth IRA that i exceed for a single person. I need that sort of tax arrangement. What sort of plan is good for me at this point to add to my retirement?
Back door Roth conversions and HSA
Hey. I just left my job that had a 401k with a match and started a job that doesn't have a 401k. What is the best thing to do with my old 401k that I have to move?
Hi, can I still invest in the individual investment if I already maxed out my 403B? Thanks in advance for any help
Steve - great video !
Question- can you please do video for back door Roth in Fidelity?
Hi Steve, thank you for the time you take to educate us about money. Kindly advise, is what you are saying only applicable to US citizens because I am in Africa.
Hi can you make a video where you show how to do all this in vanguard? Or please direct me to one you've already made. I had trouble navigating and understanding their website. TIA
Thanks Steve, can you do a video how to do toll over roth IRA if income over the roth IRA limit? Thx.
I can keep this in mind!
2/5k a month would be more than the recommended Roth IRA amount allowed. So what are you referring too?
Can you please talk about for those who has rollover IRA and in their 50’s? Thank you!
𝕎𝕙𝕒 𝕤𝕒𝕡𝕟𝕦𝕞𝕓𝕖𝕣±𝟷𝟸𝟺𝟶𝟸𝟶𝟹𝟷𝟽𝟸𝟶🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾👍🏾大家都這樣🙏🏻Big thanks.🎉.
Do you pay on taxes on dividends even after you retire? And if so, at what rate?
Hi Steve can you please advice on what to do with an old 401k should I convert to Roth IRA or traditional IRA?
I can put this on my list!
Does it matter if you purchase these ETFs on your Roth or individual account? Ty in advance
l usually buy them in both accounts.
Extremely helpful. Thank you. 👍
You're welcome! Thanks for the support George!
Can you buy more than one type of ETF with the money you put into your roth every month? If so, do you recommend doing that?
what if you open multiple Roth IRA from different brokage are you still limit to one brokage of max $6500 or it won't let you open another Roth IRA
You can only contribute the contribution max per year for the sum of all your accounts.
Is there a reason you pick ETF & not Index Fund?
Few things to explain. An ETF is a type of fund that often tracks existing indexes, similar to what an index fund does. An index fund allows tracks an underlying index, hence the name. The difference between an ETF and an index fund is how they are purchased. Regular index funds are purchased using forward pricing, while ETFs are bought at market or a specific price. Both are good investments, but everyone has a different reason for choosing one over the other.