In this video I go over an overview of retirement plans including the 401k, the IRA, the Roth versions (Roth 401k and IRA), as well …
source
In this video I go over an overview of retirement plans including the 401k, the IRA, the Roth versions (Roth 401k and IRA), as well …
source
Hi all thanks for watching! The 401k contribution limit in 2024 is $23,000. I verbally said it however we made a typo when editing. Just wanted to bring that to your attention! 🙏
I have been retired for five years now. Although I've been adhering to the 4% rule, things are challenging as I did not anticipate. 30% of the $600K I invested in st0cks is lost to the market. How can I diversify my portfolio for retirement
If my salary is 92k but I made over 146k because of overtime does that mean I’m ineligible just for that year? Am I ineligible at all since my actual salary is 92k?
Nice
Thank you😊
Amazing video and very informative. It was easier for me to get rich when i learnt the modus operandi of diversification investment portfolio. Spreading my investments across different asset classes to manage risk. I focused on capital appreciation through high-risk, high-reward assets. Income-oriented strategies target regular income from dividend stocks and bonds. Used the value strategy to seek out undervalued assets for potential long-term gains. Worked like a magic!
So is Roth 401K a way better option compared to reg 401K? Not having it taxed withdraw is like a huge gain compared to having it taxed even if it’s just a little taxed with reg, I would definitely go for a Roth 401K but if anyone has info or want to explain please do!
just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
I retired at 60 with $750K in my 401K and IRA's. My wife and I did just fine in expensive Bergen County, NJ by living within our means. Home was paid off. No car loans. By withdrawing bare minimum, our health insurance costs were almost non-existant due to Affordable Care Act subsidy. SS kicked in at 62. Medicare at 65. Six years later, my IRA balances have grown to $850K and now my wife is turning 60 and her IRA's are now available. Anything is possible if you live within your means. .
These are very valuable info for anybody who wants to get rich. Unfortunately, most people who will watch this video will not really be able to apply the knowledge embedded in it. We may not want to admit, but as Warren Buffett once said, investing is like any other profession– it requires a certain level of expertise. No surprise that some people are losing
Thank you
I think it's important to stick to stocks that are immune to economic policies. AI stocks that have the potential to power and transform future technologies. It seems AI is the trajectory most companies are taking, including even established FAANG companies. Maybe there are other recommendations?
This is exactly what I needed! Which of these has the biggest impact for someone in a high tax bracket?
Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?
I’m 24 thinking about investing into index funds but I was recommended to look into Roth IRA and trade with that… so question can I begin trading today even without a Roth IRA account but later transition it to that account?
Thank you I enjoyed your videos I’m learning a lot!
I borrowed from my 401k (12,000 lol ) got 6k and put it in my first house. Figured the 6grand i lost in compound interest would be made up by house values going up.
I've been retired for 6 years with a $130K annuity and $150K left in my 401(k). I'm considering a 40/60 stock-to-bond allocation and hoping this approach makes sense in the current economic climate.
I think SEP stands for Simplified Employee Pension… and small business employers can set them up for employees.
Amazing video. Thank you
So if I make $30,000 every year how much it will be
Great explanation of the different retirement accounts! Don't forget the importance of considering your risk tolerance and time horizon when choosing between these options, and consulting with a professional advisor for personalized guidance is always a good idea.
Rocking those NVDA, PALANTIR, TSLA, and APPL shares. Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000.
nice