I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted advisory firm
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
I consulted with an advisory firm to match me with a planner to stay afloat and with subsequent i investment, i am only 5% short of 1 million as of today
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your portfolio by yourself, without help, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
You honestly can’t hire a private advisor, they are not reliable. Look up online for a fiduciary firm, That way you have a chain of command and a body to work with.
I discovered Folmar Advisory through online search of the name. Their commitment to client satisfaction and financial education is impressive. They connect clients with advisors who align with their goals and values.
Indeed, finding the right advisor is key. With FOLMAR ADVISORY expertise in matching clients with quality advisors, we can navigate retirement planning with confidence.
Fed tax revenue has been around 20% of GDP for 75 years. The only thing that has changed over that time is WHO pays the most, and that has been more and more the high earned income tax payer. The tax man is going to have to come after the average income earner soon, and also we’ll see a Fed VAT tax (which Roth won’t help to avoid).
I think you are both missing the bigger picture here. Converting to roth accounts is not gonna help when hyperinflation comes due to the endless debt, deficits and money printing. Your only savior is real assets. Buy bitcoin, real estate, even physical gold and silver.
You can have a bitcoin roth ira. Not all real estate are created equal, you need to buy trophy real estate where its price appreciates faster than monetary inflation. Just buying real estate for the sake of buying real estate is not sound thinking. Gold and silver have not even come close to keeping up with monetary inflation. Bitcoin will demonetize those assets as the new store of value.
I think the point is: Money left in a taxable IRA, is going to be taxed at higher and higher rates when the funds are withdrawn. A solution is to pay the taxes at the lower rates we currently have - and get the funds into a ROTH account where they will not be taxed when funds are withdrawn. But I'm just an old, retired guy with a fair amount of assets.
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted advisory firm
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward timo I'm 57 now not laid off
I consulted with an advisory firm to match me with a planner to stay afloat and with subsequent i investment, i am only 5% short of 1 million as of today
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
FOLMAR ADVISORY
My retirement account has gone down by 13.7% in the past year due to rebalancing I did out of fear uncertainty and doubt. What are best alternatives to take in other to secure a financially free retirement and achieve ultimate peace? I don’t want to fail after 42 years of working hard.
If you want to rebuild your portfolio by yourself, without help, I will tell you it is near impossible. Even NewRetirement and co can’t do the job of an FA with expertise, a large following/client base and experience. Vet and hire one and begin to develop a rapport.
You honestly can’t hire a private advisor, they are not reliable. Look up online for a fiduciary firm, That way you have a chain of command and a body to work with.
I discovered Folmar Advisory through online search of the name. Their commitment to client satisfaction and financial education is impressive. They connect clients with advisors who align with their goals and values.
That’s great to hear. I’ll look into FOLMAR ADVISORY as well. It’s essential to have a reliable advisor for retirement planning.”
Indeed, finding the right advisor is key. With FOLMAR ADVISORY expertise in matching clients with quality advisors, we can navigate retirement planning with confidence.
Fed tax revenue has been around 20% of GDP for 75 years. The only thing that has changed over that time is WHO pays the most, and that has been more and more the high earned income tax payer. The tax man is going to have to come after the average income earner soon, and also we’ll see a Fed VAT tax (which Roth won’t help to avoid).
Do: Save for Retirement
Don't: Retire.
Always Be Working.
How 'bout taxing BILLIONAIRES!!!?
I think you are both missing the bigger picture here. Converting to roth accounts is not gonna help when hyperinflation comes due to the endless debt, deficits and money printing. Your only savior is real assets. Buy bitcoin, real estate, even physical gold and silver.
Getting out of the decayed dollar is what we must do. The product has gone way past its expiry date that its now rotting everything it touches.
You can have a bitcoin roth ira. Not all real estate are created equal, you need to buy trophy real estate where its price appreciates faster than monetary inflation. Just buying real estate for the sake of buying real estate is not sound thinking. Gold and silver have not even come close to keeping up with monetary inflation. Bitcoin will demonetize those assets as the new store of value.
I think the point is: Money left in a taxable IRA, is going to be taxed at higher and higher rates when the funds are withdrawn. A solution is to pay the taxes at the lower rates we currently have - and get the funds into a ROTH account where they will not be taxed when funds are withdrawn. But I'm just an old, retired guy with a fair amount of assets.
Gold and silver lol!