Hey everyone! Made a second channel I could post some bonus content to...go subscribe! Got an INSANELY good video being posted there this upcoming Wednesday the 27th! kzfaq.info/get/bejne/pdOUZ9Glv92Yd2g.html
@johnathangrey34635 жыл бұрын
770 account is where I just put my backbreaking hardcore almost died for money.
@johnathangrey34635 жыл бұрын
Tax free of course.
@Dani-ww5qr5 жыл бұрын
Graham Stephan omg more content from you? Is it christmas?!?
@jasperatighe59675 жыл бұрын
@GrahamStephan is that you in the Real Estate series: Selling Sunset Season 1, Episode 8 ?
@t0psh0t4155 жыл бұрын
Can you do both? Match 401k with work. And ira maxed 6k$ 115$ a week?
@NicholasBall1303 ай бұрын
The most significant financial blunder I ever committed was with my 401k. During the six years that my kids were in college, my company offered a Roth 401k, but I only began contributing in the third year. Due to assisting my children with expenses, I qualified for tax credits, resulting in an exceptionally low effective tax rate. It was precisely during this period that a Roth account would have been most beneficial! Despite this misstep, I still managed to retire with approximately $350k in my 401k.
@EleanorBaker4743 ай бұрын
People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@StacieBMui3 ай бұрын
On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then
@StocksWolf7523 ай бұрын
Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@StacieBMui3 ай бұрын
Sonya Lee Mitchell 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..
@grego62783 ай бұрын
I searched her full name online and found her webpage. I emailed to make an appointment to talk with her; hopefully, she gets back to me.
@PremSteve-yg4deАй бұрын
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
@valeriepierre9778Ай бұрын
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
@edelineguillet2121Ай бұрын
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@belobelonce35Ай бұрын
As a new investor it's always great to hear from a person who has gone through all the difficult times and come ahead of it. What are some strategies i can employ to be successful?
@edelineguillet2121Ай бұрын
She's known as Sharon Marissa Wolfe One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
@edelineguillet2121Ай бұрын
Sharon Marissa Wolfe is among the most accomplished portfolio managers in the industry, widely acknowledged for her outstanding work. I highly recommend taking a closer look at her impressive portfolio.
@ClementRusso29 ай бұрын
Choosing a Roth IRA is advantageous as it uses after-tax funds and allows tax-free growth. When I retired, I had $3M million saved, and I won't be taxed on my withdrawals.
@AlexanderDanielley9 ай бұрын
You're right, I used a financial advisor. Approaching retirement, I've benefited greatly from their supervision. Starting late, I knew index fund compound interest wouldn't be enough. It's funny how I've outperformed peers with more years of investing experience.
@Rodxmirixm9 ай бұрын
I certainly didn't achieve that on my own. My knowledge of finance was quite limited. A skilled financial advisor truly makes a significant difference.
@VickyAlvy9 ай бұрын
Lately, my portfolio hasn't been meeting expectations, prompting me to contemplate a shift in strategy with the assistance of a coach. Could you connect me with your coach?
@Rodxmirixm9 ай бұрын
Probably can’t say much, Stacey Lee Decker is the advisor that oversees my portfolio. She's an extremely intelligent person, very thoughtful, cautious, and has an outstanding credentials, it's easy to find her on the web.
@fishlover9 ай бұрын
@hentzarthurharmel5823yea, but your investments should out pace inflation
@PambegayАй бұрын
A couple of years ago I considered getting into 401k without much knowledge and decided to have a consultation with a fiduciary, and it was incredibly insightful. A few years down in, I truly cannot stress enough how helpful experts in this field are! Great video brother.
@Ferocious923Ай бұрын
To be honest, I've had a hard time understanding its basics. What insights did you gain, and how are you doing it?
@PambegayАй бұрын
I found out that investing is not rocket science. Jonas Herman is the brain behind my success. I've gotten into a plethora of assets with $43k spread across stocks (index funds) for the short term etfFs, and Roth Ira for the long term. Now I sit back, and just reinvest at intervals while I handle my other businesses.
@PathstonАй бұрын
Sounds like I need help so bad. To me, investing is not worth it and I know that's the same mindset holding me back from taking a step forward.
@Freddyyyy266Ай бұрын
People often mistake hubris for actual knowledge in the finance sector and I don't even blame them because there's an influx of false info on the internet today. Unfortunately, it hampers rational decision making. He is one of the bright ones, providing me with a great deal. Indepth investment strategies are just one of the many components.
@VikturneerАй бұрын
I just clocked 48 and I'm hoping that it's not too late for me. Can you introduce me to him?
@influencerunchained-digita47635 жыл бұрын
Graham teaching us what SHOULD be taught in schools. Excellent, detailed breakdown! Thank you!
@GrahamStephan5 жыл бұрын
THANK YOU!!
@justSTUMBLEDupon5 жыл бұрын
It's HIGHLY unfair that financial education, accounting, and business (starting and running a business basics) is not taught at all OR taught under the prism that it's not that important or with an employee mindset only. We are only taught to work for others, but we are not taught to work for ourselves. I am SOOOO glad I found this channel.
@fernandosanchez85425 жыл бұрын
This is too true
@eldad44465 жыл бұрын
They don't teach this stuff in schools because they don't want the general public knowing this. The only people that find this stuff out are the ones that come to find it. Most people are just not interested in videos like this, and for what ever reason more interested in mindless TV and internet.
@Nelcomarproductions5 жыл бұрын
if they did that then democrats would loose votes.
@Rochelletrem Жыл бұрын
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
@philipr1759 Жыл бұрын
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
@theresahv Жыл бұрын
Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time
@DavidRiggs-dc7jk Жыл бұрын
@@theresahv Please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
@theresahv Жыл бұрын
I thoroughly recommend Julie Anne Hoover, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
@DavidRiggs-dc7jk Жыл бұрын
@@theresahv She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@BeverleeR.Ziegler4 ай бұрын
Roughly $120K in my portfolio are in tech/TSLA stocks, can I get an advice on any other stocks that I can acquire to diversify my reserve across multiple markets while creating a comprehensive portfolio allocation that balances my concerns of risk aversion and returns that meet yearly inflation.
@DeannaMurray-zv4 ай бұрын
For the average individual, the tactics are rather demanding. Actually, most of them are effectively completed by professionals who possess the necessary knowledge and skill sets to carry out such trades.
@JanineJ.Cromwell4 ай бұрын
It comes down to technique; a downtrend gives you room to focus on the market and grow significantly in the short or long term. While it is easier to make money when the market is rising, a downtrend can still yield high returns if you have the necessary knowledge and skills. For this reason, I have been scaling up during this difficult period by working with an investment advisor; this has been the only way I have raised up to $150K in the last six months.
@JimmyA.Alvarez4 ай бұрын
in as much as my knowledge of the business is limited, it seems that this is the ideal time to enter the market based on my understanding of supply and demand in the economy. The consistent price variations, which shouldn't be an issue, are the only thing stopping me. But I really need a counselor; could you please assist me?
@JanineJ.Cromwell4 ай бұрын
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Jennifer Lea Jenson” for about five aiyears now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@WyattSmith-v4 ай бұрын
Thank you! I checked out Alicia Ann Jordan's credentials on her website and it seems quite good! Hopefully, she's taking in fresh applicants because I sent her an email.
@dylanmoris6211 Жыл бұрын
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
@KelvinWallace Жыл бұрын
In my personal opinion, I strongly recommend finding a mentor. While it may be challenging to locate an experienced mentor, especially if your understanding of the market is limited, it appears to be a wise decision worth considering.
@UshnicYuvnikof Жыл бұрын
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.
@LionTowercoporation Жыл бұрын
@@UshnicYuvnikof Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems
@UshnicYuvnikof Жыл бұрын
@@LionTowercoporation I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with Colleen Janie Towe” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her
@odigomez17875 жыл бұрын
I personally got both. Got a 401k through work with an employer match (which is basically free money) and a Roth IRA. If you can do both, do both.
@f3nomeleven4345 жыл бұрын
Me to
@domanisarapeggio5 жыл бұрын
My employer takes out 15% of my salary for pension. I'd like to do both but it'd be way too much.
@jamie498685 жыл бұрын
@@domanisarapeggio How about each time you get a raise, you take a percentage of that raise in put in a 401k/Roth? You get a 3% raise, you 1% and put in a plan. You'll see a bump on your check, so you know you got a raise, and after 5-10 years, you'll be clicking along pretty good in your plan. Heck, the first raise, you can put the entire percentage into your plan and get it rolling. Anyway, just a thought. Good luck.
@oscaragudelo57965 жыл бұрын
If you can also buy dividend paying stocks 🥵
@jamestomkins65225 жыл бұрын
You can contribute to Roth 401k and your employer match would go into pretax 401k
@AllisonSherman7 Жыл бұрын
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
@AllisonSherman7 Жыл бұрын
@Fatima Ibrahim I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
@AllisonSherman7 Жыл бұрын
@Fatima Ibrahim I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Christy Vallen D'souza on internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too.
@KingDavid-jj7tk Жыл бұрын
I've bought most of your stocks picks but I'm still unable to make profit. However, a few investors I read about were able to make profits of upto $50,000 monthly, so am I doing something erroneous? please i need some hints on how to make enormous profit
@KingDavid-jj7tk Жыл бұрын
Who is this consultant? pls i'm in dire need of one
@bebunny31584 ай бұрын
Although, he gives great advice and stocks might be dojgn great that day or week. They can change quickly so it’s important to do your research.
@matturner86 ай бұрын
As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
@Johnlarry126 ай бұрын
there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
@emiliabucks336 ай бұрын
A lot of folks downplay the role of advisors 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.
@suzannehenderson56 ай бұрын
talking about coaching, do u consider anyone worthy for recommendations? I have about 80k to taste the waters now that large cap stocks are at a discount... thanks
@emiliabucks336 ай бұрын
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, Carol Vivian Constable turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@suzannehenderson56 ай бұрын
I just checked her out on google and I have sent her an email. I hope she gets back to me soon.
@carolitadominguez83425 жыл бұрын
I just started working at Chase as a part time teller and I was able to start my 401k. I was able to contribute the highest percentage and get the employer match. I’m really excited to see how it grows.
@carltoncartyjr66254 жыл бұрын
Congratulations! I was just hired by Chase part time as well. I can’t wait to start my 401k
@jamiereneemilligan4 жыл бұрын
Carolita Dominguez try not to borrow against it. I did when I was younger-don’t do it. Good luck to you lady.
@carltoncartyjr66254 жыл бұрын
Jamie Renee great advice, I’ll do the same
@titonothere61794 жыл бұрын
Nooooo! You’re trapping your money in for 30 years inside a unreliable account. That account is up & down. Also we don’t know what taxes will be like by 2050. It’s like pulling a loan from the bank and the bank saying don’t worry about paying back now we’ll talk about the amount in 30 years. Naw, pay Uncle Sam now! Today in 2019 believe or not taxes are at an ALL time low. 🤔🤔
@bobs1824 жыл бұрын
@@titonothere6179 The regular IRA and 401K are great deals. I put money in them including the 36% tax money I got to keep and have so far taken out $147,000 at $12,000 a year without paying any taxes on it whatsoever. If I had done a Roth, I would have at least $50,000 less than I do.
@gracesdonny1532 Жыл бұрын
@FeliciaJudge Жыл бұрын
You're not doing anything wrong, you just don't have the required skillset to profit off a down market, folks that are making profit in this market are pros and experts with in-depth knowledge and skillset.
@ladymariangray Жыл бұрын
@@FeliciaJudge
@gracesdonny1532 Жыл бұрын
@@ladymariangray am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions and downtrands are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Susan
@ladymariangray Жыл бұрын
@@gracesdonny1532 She is easily searchable and has extensive knowledge of the financial markets.
@Riggsnic_co6 ай бұрын
We experienced the peak of our era, and now it is gone. Recession is tanking everything including 401K. My retirement equities portfolio of $750K is in the reds. I keep losing because of inflation. This world will fall to the corrupt rulers in the same way that Rome did. I'm sorry if you're thinking about retiring and you're worried that your pension won't be enough to meet the rising cost of living. Horrible foreign policies everywhere, bad regulatory policy, bad fiscal policy, and bad energy policy.
@bob.weaver726 ай бұрын
For retirees and those close to retirement, I believe it's particularly challenging. All those years of labor only to lose it all to a problem you weren't responsible for, my regrets to everyone retiring during this time.
@martingiavarini6 ай бұрын
I'm very worried about the future and where we're all heading, especially in terms of money and how to get by. I'm considering making my first investment in the stock market, but how can I do so given that the market has been in a mess for the majority of the year?
@TheJackCain-846 ай бұрын
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000
@bob.weaver726 ай бұрын
Impressive can you share more info?
@TheJackCain-846 ай бұрын
Carol Vivian Constable 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..
@MrDrew15 жыл бұрын
I invested 2 dollars on a Powerball and I'm looking at a 600+ million dollar return. let me see you do that with an Roth ira or 401K. then after I collect my cash in going to invest it all in opening an avocado toast franchise. So I've got it all figured out.
@adamgronvold86085 жыл бұрын
Pfft... Like you'll win when I'M playing 10 dollars. S'mo Joe, the numbers don't lie. And they spell disaster for you... As for what I'm investing my guaranteed winnings in? Prostitutes and cocaine!
@amyx2315 жыл бұрын
Gimme a free avocado toast won’t you. You’ve got enough money already, feed me for life for free 😂
@SigXman5 жыл бұрын
Good luck with that. You have a better chance of being bitten by a lion out in the ocean in the middle of nowhere.
@MrDrew15 жыл бұрын
@Glock19ist so you're saying there's a chance.
@asterisk9115 жыл бұрын
You should've opened a self-directed Roth IRA and bought your Powerball inside it; since you didn't, you're going to get eaten alive by taxes.
@alfredalbert80372 жыл бұрын
I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in our tex deferred savings.
@alfredalbert80372 жыл бұрын
@Thomas Freddy my financial advisor is *Gary Andrew Debellis*
@GonzaloEyzaguirre132 жыл бұрын
@Randy Barton invest in the S&P500 all the way, don’t get more fancy than that
@marcosgallo8032 жыл бұрын
You made it congrats enjoy retirement 😎
@marcosgallo8032 жыл бұрын
@Randy Barton lol save your fucking money 💰 you got this bro now get that bag
@alfredalbert80372 жыл бұрын
@@marcosgallo803 you could also make it like me if you wish to
@chriswilliams2061 Жыл бұрын
There is no single news on the internet about stocks within the last few months...Now, my dilemma is this; Given that stocks have been underperforming and considering the current housing market, will it be better to invest into Real Estates or into Stocks. Which would yield better output. Considering a young mid income, short term person with not so much spare time.
@kortneyrawhouser6881 Жыл бұрын
Has got to be Stocks(they are generally more predictable and most drops are temporary) but of course, you have to go into this with good knowledge or better still, get a pro to handle it for you (that way, you save time and minimise risks). Made my first million this way earlier this year. One more thing, one can wake you up by 2am to complain about a leaking pipe, the other can't.
@danielchen2857 Жыл бұрын
why limit your options to just the two??? pretty sure there are more lucrative alternatives!!!
@davidblakes4952 Жыл бұрын
@@kortneyrawhouser6881 Sound and pragmatic... I have actually been into both for quite sometime and though I won't say I have lost a fortune, but I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply...
@kortneyrawhouser6881 Жыл бұрын
@@davidblakes4952 Funny enough, I can honestly relate. Not as easy as it may sound and takes some level of decisiveness and discipline. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@dannywalters958 Жыл бұрын
@@kortneyrawhouser6881 Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@user-ne3qh8bs7i5 ай бұрын
investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good?......
@khale71804 жыл бұрын
With 401k, you can also avoid paying state taxes in states with income tax. Later you can move to states with no income tax.
@RealLifeMoney4 жыл бұрын
Kha Le That’s actually a very good point 🙌
@redsoxwinagain20073 жыл бұрын
And the Roth is better if you live in a state without an income tax. It’s also a gamble that states without a tax will stay that way.
@xxxBradTxxx3 жыл бұрын
but then pay through the roof in property tax, ie New Hampshire and Texas
@businessacc1793 жыл бұрын
@@xxxBradTxxx not true in FL.
@businessacc1793 жыл бұрын
Except federal income tax applies in every state.
@RealLifeMoney5 жыл бұрын
I originally couldn’t choose so I opened up both 😉 Maxing out ROTH and job contribution percentage. Only thing left is patience!
@GrahamStephan5 жыл бұрын
Both is the best!
@shauntanserlian29595 жыл бұрын
Does your employer match? If so, how much on the dollar?
@RealLifeMoney5 жыл бұрын
Shaunt A might be .50 on the dollar up to 5 or 6%. Something like that. Not amazing but it’s something
@shauntanserlian29595 жыл бұрын
RealLife Money - Weekly Financial Videos ya it’s free money and especially at .50 on the dollar it makes it worth it. Anything above 5 or 6% of what they’re matching might be not worth it. But good for you that’s great to hear!
@indiemv10115 жыл бұрын
Exactly what I do!
@richardmadison96703 жыл бұрын
Jobs will pay your bills, business will make you rich but investment makes and keep you wealthy , the future is inevitable
@pamburchell73903 жыл бұрын
I was rich by 32, and retired. I'm now 48, and even richer, but it isn't as fun as 32.If u aren't rich by 40, don't give up, but know it's not as fun. No one gives a phuck about old rich people. Do the right thing at the right time.
@richardmadison96703 жыл бұрын
@@pamburchell7390 Getting rich over decades is ez. No one wants to be a rich 70yo.Being rich at 32?....thats a party!
@kyledowney12683 жыл бұрын
@@richardmadison9670 I'm jealous. I need some guidance please. Lately I've been considering buying dividends stocks for retirement, I have set asides $400k but somewhere along the line, I get cold feet maybe because I'm a rookie and have no idea what I'm doing.
@pamburchell73903 жыл бұрын
@@kyledowney1268 You've saved for yourself some good bucks. Get a professional, my sincere advise.
@kyledowney12683 жыл бұрын
@@pamburchell7390 That sounds good. But how do i get a reliable one considering the heavy presence of scams in our social media space today?
@sommersalt88 Жыл бұрын
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
@MIchaelGuzman737 Жыл бұрын
People spend money when they have it and certain people spend more money when they have more. Consider seeking advise from a financial advisor if you are concerned about managing your finance better.
@Ammo-Hoarder Жыл бұрын
However, you can avoid the problems of lifestyle inflation by engaging a knowledgeable advisor to help you plan your short- and long-term objectives; it all comes down to good coaching. During the last two years and six months, I've seen my income generate wealth, and I now have a fully paid-off house and at least $2.2 million in savings. All of this is the result of additional investments and the use of expert advice.
@kashkat987 Жыл бұрын
@@Ammo-Hoarder Well, who's the advisor helping you if it's not much I'm asking? My retirement plans are collapsing, especially my 401k losing everything it has earned since 2019.
@Ammo-Hoarder Жыл бұрын
@@kashkat987 Her name is LISA ELLEN SHAW, can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
@kashkat987 Жыл бұрын
@@Ammo-Hoarder thanks for sharing this, I googled the lady you mentioned and after going through her resume, I can tell she's a pro. I wrote her and I'm waiting on her reply.
@DinhQHuy5 жыл бұрын
The comparison in the title is a bit of a [good] oversimplification. IRA and 401k are two types of retirement *account*. "Traditional" and ROTH are two types of *contribution*. For example, for my 401k account with my employer, I can choose to make a "traditional" aka pre-tax contribution, or a ROTH i.e. post-tax contribution, or a combination of both. Same deal for IRA. So technically you can have four combinations of accounts and contribution types: 1) Traditional IRA - 2) ROTH IRA - 3) Traditional 401k - 4) ROTH 401k. Not saying any of the pros and cons in the videos are wrong though :) just wanna point this out in case one day anyone sees a "ROTH 401k" and wonders what that is.
@Snappaya4 жыл бұрын
lol i know i'm a whole year late but thanks for commenting that. i always thought that there were 4 different types of accounts instead of 2. in your perspective, would you do pre-tax or post-tax contribution?
@jaerlia3 жыл бұрын
What are the limits for each of those and can you have all accounts at once?
@bobbyseither52833 жыл бұрын
@@jaerlia Generally, yes. Generally, $19,500 combined for 401k trad and roth and possibly $20k next year if the pattern continues. Generally, $6k for IRA. I say generally because there are several factors that might change the rules for you so you'd be better off googling.
@ronaldfortaleza11773 жыл бұрын
So in short that Roth 401k that they are saying is just the combination of traditional 401k and Roth?
@edwardcortez66623 жыл бұрын
@@ronaldfortaleza1177 Reread what this man said. It looks like you did not understand.
@telegoose99054 жыл бұрын
Graham, I so glad I found your channel. I'm 39 and had an 'aha' moment recently regarding my latter years. Instead of dread at all the mistakes I've made, I'm actually seeing the way out and am excited I'm young enough to plan for future! Thanks to your mentoring!!!
@joselostx2 жыл бұрын
I’m 35 and just my Aha moment … here we go !
@j.wmatney Жыл бұрын
The same high-yield potential exists in both bullish and bearish situations what matters is knowing where to look. I have been diversifying into the stock sector and trading aggressive through an advisor. Away from all the distractions around I still make profits from my investments, made $700,000 last year.
@tylersmith7528 Жыл бұрын
Agreed !! I am a penny stock trader and I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market
@chicago0027 Жыл бұрын
Hey I find myself in a fix right now and I need proper ad vise. I have a lump sum in my savings account literally burning a hole in my pocket . I wanna get something started with it but I need help on where and how. You seem to be doing excellent for yourself. I could use some help here.
@j.wmatney Жыл бұрын
Actually there is no particular sector i focus on. I just copy trades from US professional trader Amie Christine Shapiro. I met her in a seminar in NY and we talked a lot, I have been copying her trades signal ever since then my portfolio has grown at a tremendous pace and she has been very consistent.
@chicago0027 Жыл бұрын
By following trades do you mean copying her trades, as is done in etoro? Are you giving her your money or the money stays in your account? I have heard about copying trades but have not looked into it but i have an idea of what it is
@j.wmatney Жыл бұрын
my money stays right in my account. That's the ideal for copy trading. My account only mirrors her trades in real time. She is well known for what she does, when you search her name on your browser, her website is like the first thing that pops up. On there you can shoot her a mail.
@trevordurand26724 жыл бұрын
I got a job at Target when I was 16. I am 18 now and I became eligible for benefits. Contributing 80% of my paycheck towards my Roth IRA. Hopefully it grows to millions :)
@MrCococda10 ай бұрын
3y later… how’s it going?
@lyncarey5379 ай бұрын
Update please
@tyd56938 ай бұрын
???
@thanosianthemadtitanic7 ай бұрын
@@MrCococdastill broke
@cheesse9yearsand6 ай бұрын
80% of your check sure bud
@user-mw8fq8bu7i4 жыл бұрын
You should cover Roth 401K’s as well. Think it’ll be helpful to young people out there
@Mcf4123 жыл бұрын
Thanks for pointing that out. I only contribute to Roth 401k. At my age it’s much more beneficial considering it will be compounding interest for 35+years.
@thedanieldrew66953 жыл бұрын
I’m 18 years of age .. would you say starting with Roth 401k is the best option
@user-mw8fq8bu7i3 жыл бұрын
@@thedanieldrew6695 yes
@joeytrasatti22443 жыл бұрын
@@thedanieldrew6695 they are pretty similar where it counts. 401 is through employer only though so keep that in mind
@carolburnett822 жыл бұрын
@@thedanieldrew6695 401k is always the best given your employer is matching your contribution. An Max funded IUL is another option because of your age, so you don't have to worry about being taxed in the future or receiving penalties should you want to withdraw before retirement age
@shockwave7164 жыл бұрын
I always wonder why they don’t teach us this in school
@elitedefender69183 жыл бұрын
I’m taking a finance and comp class in high school right now and in the 200 page textbook from that class they only explain about IRA and 401k plan in just one paragraph each while there’s like 50 pages on just goal setting.
@kevinortega64323 жыл бұрын
To keep you spending not saving/investing.
@javajav30043 жыл бұрын
@@elitedefender6918 what a waste lol
@elitedefender69183 жыл бұрын
@@javajav3004 that class is required for everybody in my high school and I don’t feel like I learned anything new especially since I’ve watched Graham Stephan for a while. Worst class credit used in high school.
@timothymendoza72353 жыл бұрын
the system doesn't want us to succeed
@OliverTilney2 ай бұрын
I usually look up your videos for updates! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you CMA, imagine investing $12,000 and received $305,500.
@BEAUTIFULDIANAFRANCIS2 ай бұрын
I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks.I believe having 150K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities
@OliverTilney2 ай бұрын
@@BEAUTIFULDIANAFRANCIS Cynthia Mcclure Alexander .She is well known; you ought to look at her work.
@OliverTilney2 ай бұрын
Cynthia Alexandra McClure, who also goes by Cynthia A Depken, Cynthia Alexandra Depken, Cynthia A Jackson, Cynthia Alexandra Jackson, is a registered financial advisor currently at U.S. BANCORP INVESTMENTS, INC. located in Charlotte, North Carolina. I have use her for years and my investment has been profitable.
@RoryAllen1182 ай бұрын
Cynthia Mcclure Alexander is the licensed fiduciary my family use .Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@LeslieWagenheim2 ай бұрын
As beginner in stock, I found these comments helpful so curiously searched for her full name and her website popped up immediately. I looked through her credentials and passed exams before contacting her.
@blaisemarthins51733 жыл бұрын
I'm 49 and my ultimate financial goal would be $5million in savings and a monthly passive income of $25,000, I've got about $380k to put in the market and I'd love to know how I could make this goal happen by the time I turn 65
@katiehenry48653 жыл бұрын
Sure, you can do that, you just need to be consistent with your investment.
@lucasherbert98023 жыл бұрын
You should probably consult with an investment manager, they are very good at retirement planning and can come up with the best strategies to reach your goal.
@daniellelynn54483 жыл бұрын
I agree, it seems you have an investment manager, who you hooked up with. how’s it been working out so far for you?
@lucasherbert98023 жыл бұрын
Yes, I’m using an investment manager, been in touch with one since January when I started planning for retirement. I’m 56 now and since January till now I’ve experienced a steady portfolio growth from $182K to $452K currently. He's really good.
@kelvinsantiago89103 жыл бұрын
@@lucasherbert9802 That’s great man, your investment manager must be really good, do you mind sharing more info on this person?
@valentinolnunez5 жыл бұрын
You're growing super fast Graham! I remember when you had less than 100k subscribers and I would fight for first comment. Now I can't click on a video a minute late without there being over 20 comments 😂
@AussieMoneyMan5 жыл бұрын
Soon it'll be 40
@GrahamStephan5 жыл бұрын
Ah thanks man!!! Yeah the last 5 months have grown insanely fast!!
@kidacrimson12045 жыл бұрын
My wife works for a state University and even though her salary isn't all that high, they match up to 11% (!!). She's putting in that full 11% and has already beat my 401k in like 1/3rd of the time, lol
@ElFonzieG135 жыл бұрын
11% is INSANE! 3/3.5% is the average in the private sector. I need to consider government work....
@nuleafonlyfe045 жыл бұрын
Does she get a pension plus the 401k or just the 401K?
@vonsevilla44264 жыл бұрын
My work matches up to 1.25% smh 🤦🏻♂️
@thatjillgirl4 жыл бұрын
11%!!! That is crazy! And I thought my 5% match was good.
@monsterous2894 жыл бұрын
Mine matches up to 3% and adds an extra 7%, so I put in 3% and I get 13%!
@hernanguerrero97673 жыл бұрын
Graham, this video has about 300k more views in 1 year than Dave Ramsey’s in 5 years, I believe. You should be proud, man. Way to go
@jleau894 жыл бұрын
Important to note that 401k employer match is usually vested. IE need to work with the same employer for X amount of years to keep the match, else if you change companies it's forfeited
@DanielleNicoleMakeup2 жыл бұрын
Yeah being vested is an important detail overlooked. Perhaps I will include this in my topic of the day next
@JoeCoz175 жыл бұрын
Taxes are definitely not going to be lower in the future than they are now. You should have some roth money
@ygbodybuilder30235 жыл бұрын
But I like to take advantage of loweing my taxable income now and still keep my money
@JoeCoz175 жыл бұрын
@@ygbodybuilder3023 you can do both
@dibs29924 жыл бұрын
No but you could make less at the time of retirement, putting you in a lower tax bracket
@Pauaw4 жыл бұрын
Well if you’re look 20-30 years out you can never be sure. We are in historically low rates right now but who knows
@ritaagafonova52704 жыл бұрын
Idk.. given how high and unconstitutional taxes are right now and how people are just eating it up... i don’t see what would stop the gvmt from taxing everything 2-3 times or appropriating private property and earnings altogether cause no one would say anything anyway. Sky is the limit
@anthonymejia8355 жыл бұрын
I'm poor so I'll invest my time into learning something new and I don't regret the 11 minutes and 7 seconds great investment 👌👌👌
@GrahamStephan5 жыл бұрын
:)
@shayywhyte71765 жыл бұрын
Your not poor your broke it's a difference,🤔
@grahamstephan12294 жыл бұрын
@Hemmralady 56 I don’t use signals, CNBC interviewed a portfolio manager KAREN ALICE HARTZ, then i searched her online and contacted her. In 3 months of doing business with her, she guided me to generate over $350,000 in net profit from a $127,000 principal.
@danielrios63834 жыл бұрын
It's all about the mentality
@W1RMD4 жыл бұрын
Great advise here. I Also find Bob Proctor's video VERY helpful when it comes to a successful mindset.
@jokawildn3 жыл бұрын
But the real question is...why not both? lol
@veramonique17243 жыл бұрын
Hello very nice video . i would love to invest in forex, but was wondering if i could get a Professional to help me through as am new to this
@georgecooper87503 жыл бұрын
i will recommend expert Tamara Diana Hagan for you her trading strategies are top notch
@wangyong94693 жыл бұрын
yes i have been using her for some months now . i started investing with her and it's been no regrets .
@postexpress17783 жыл бұрын
my investment with expert Tamara Diana gave me a profits of $32,000 and ever since then she has been the most reliable and sincere broker i know
@georgecooper87503 жыл бұрын
you can look her up online just search her name Tamara Diana Hagan
@henrygarcia17923 жыл бұрын
wow I'm just shocked you mentioned and recommended expert Tamara Diana Hagan . i thought people don't know her .... she's really Amazing
@gmeister034 жыл бұрын
So what you’re saying is, since I’m in my 30’s and have made poor life decisions. I’m working till I’m dead. Copy
@zeenxy13774 жыл бұрын
Forever Misguided it’s never to late to learn new skills and invest more money just do it smartly based on your needs.
@aeksinsang9324 жыл бұрын
Unless you change your poor attitude and take responsibility, yes
@Docprepper4 жыл бұрын
Forever Misguided not if you work somewhere that pays a pension or retirement (military, state jobs, gov jobs, some big business like FedEx, post office, etc). But yea, 30s with history of stupid decisions usually equates to working your ass off for a while.
@bigblock_4604 жыл бұрын
I'm 40, never had extra $$ to set aside and Invest, been working since I was 17, anytime I had savings some unexpected emergency would wipe it out. For the past 8 yrs I have finally been able to invest in a 401k and a Roth account, but I too know I will probably work till I die if I'm lucky enough to have that option, I fear being old and unemployed = homeless. Best we can do is put as much away as we can but yes you are right. Computer science, Data science, IT Security, Robotics and Programming is where the money is at for those who have the brains for all that. Im well skilled in Graphic Design, Video editing, 3D design and other skills, but that's small fries compared to those other careers which pay double the salary easy.
@gmeister034 жыл бұрын
Aek Sinsang acknowledging ones own poor decisions isn’t taking responsibility now... right
@Will-jg2zs5 жыл бұрын
You, Ryan Scribner and Nate o'Brien all put out a video today? Am I at McDonald's, cause I'm lovin this.
@DRMadeIt5 жыл бұрын
Sequency nahahahaha
@GrahamStephan5 жыл бұрын
Financial worlds collide
@AussieMoneyMan5 жыл бұрын
Illuminati
@RealLifeMoney5 жыл бұрын
Lol the end must be near
@RealLifeMoney5 жыл бұрын
Riley Griffith - Stock Market Videos Slick plug, I appreciate that haha. We’re in the same boat
@vanhall95134 жыл бұрын
Finally, someone who know what he is talking about,I have made a few investments in individual companies, There are so many stocks going to rocket in the long run... right now safe to invest in an ETF that tracks the S&P500 and ride it out. I put $140k into some growth stocks with a Financial advisor/broker handling my portfolio... some of my picks are, NVR, LISP.SW, SEB , VOO,DOWJ, BRK-A, AAPL,IVV, NYSE, NASDAQ, TSLA, I've gotten 58% return so far this year , I'll see where it goes...fingers crossed😄
@ericwilde45834 жыл бұрын
Nice work. i myself will be heading to a mil soon. Meanwhile i just googled your FA. Lucy Maria koss...wow she's amazing, will def be working with her
@katelynrenesse47984 жыл бұрын
great advice ma'am you must have an inspiring mind because you inspire minds 🙏
@nataliehinnes52214 жыл бұрын
that's quite impressive, you surely made a good bit of money...I myself invested in warren's BRK-A stock quite pricy but totally worth it 😁
@vanhall95134 жыл бұрын
@@stanleyfujiwara1394 well so far no investing apps too techy techy for me..i use an F.A from harvard Mrs Koss. Lucy Maria Koss (look her up) goodluck!
@nataliehinnes52213 жыл бұрын
@@joel0990 if you ask me i think this will actually work, this way you can see your money make more money instead of it just sitting in a ROTH. goodluck tho
@hl78433 жыл бұрын
One advantage of IRAs is that you usually have more choices of investments, including individual stocks & options.
@kathleenstoner.n74992 жыл бұрын
@Eric Douglas Why i advise you do your tradings outside your company. You don't have to let them know! That is what i did, and here is my strategy i don't hold a lot of Juniors just Majors i prefer trading the junior stocks through my "FA" only because being very much more profitable it is riskier too.
@Thompson78882 жыл бұрын
@@kathleenstoner.n7499 Smart Strategy! Pls where can i check ROIC, Free cash flow etc and again can i know the FA you work with ?❤️
@kathleenstoner.n74992 жыл бұрын
"Sandra Yvonne Webster" look her up online. She's quite popular and a director with NTS in all honesty she is an Angel.
@sonyablack20152 жыл бұрын
@@kathleenstoner.n7499 I listened to her podcast on Nft bubble she is a Great speaker, full of humor and rhetorics. I so much loved her presentation.
@arisumifinancial Жыл бұрын
@Eric Douglas it becomes an orphan. You can transfer it to your new job's 401k or into another investment product in the same tax category.
@Jake-gp4jf5 жыл бұрын
Graham, could you talk more about building wealth in your 20s? Awesome video too!
@GrahamStephan5 жыл бұрын
Absolutely!!
@Peppermon225 жыл бұрын
Put anything you can aside now! I’m 28 and regret missing 11 years of working and not putting anything away. Talk to your bank about a Roth and start ASAP.
@ChrisInvests5 жыл бұрын
You're still young enough to reap the benefits of compound interest 💰
@clamdiggerme5 жыл бұрын
Always start investing early. You gain wealth through compounding. The longer you compound, the more you will have when you stop working. And get rid of high interest debt as soon as you can.
@Iffy505 жыл бұрын
Whatever you do, make sure you are putting enough in your 401K to meet the employer match. Other than that, check the fees on all your accounts carefully. Remember, if the market does poorly, LEAVE YOUR MONEY IN THE ACCOUNT! Having a stock market crash while you are in your investment period (20-60) will increase the final value of your investment. When you pick your investments, try not to pick stocks that are "hot" because they may already be boosted up on hype, this makes for a lousy long term investment.
@rubyus73325 жыл бұрын
I’m maxing out all that I can: 403b, Roth 403b and Roth IRA. We have 5.5% from our employer. We will see what will happen!
@danhowell35743 жыл бұрын
Basics based on tax advantage 1.Make sure you are using a low fee service (Vanguard/Fidelity 2. Choose Growth index funds. Avoid value funds. They have poor performance over the last 13 years even though the name sounds nice. 3 Put money into the 401k up to the employer match 4. Max out Roth IRA (lock in low taxes at the moment if you are in a lower tax bracket or expect to be taxed higher in retirement) 5. Max additional money into 401k. (or look into a Roth conversion i.e. backdoor Roth) 6. Invest as young as possible. $100 a month starting at age 18 will likely be $1 million by retirement due to compounding at historical average growth.
@KevinZKe Жыл бұрын
I’m kind of mid high income. Every dollar increase, I only get 65 cents. Instead of putting 10k to traditional 401k, I will have only 6.5k to Roth IRA. That 3.5k instant loss…
@magicalpizzafarts2803 жыл бұрын
Q:"Should I get a 401K or Roth IRA?" A: Yes
@jagdawgii9293 жыл бұрын
Lmao same
@lukeenoch52703 жыл бұрын
🤣
@justinmorgan81983 жыл бұрын
Some people open 401Ks as a Roth IRA tho! So you should have both, separately IMO
@Scythera993 жыл бұрын
Don't forget about the TFSA. AND RRSP
@cryptofinancetrends-nach99713 жыл бұрын
You should get both. Diversify your investments by contributing pre tax to 401k and by contributing up to $5000 per year in Roth IRA. If your employer matches up to certain amount in 401k, then that is like additional Free money!
@ZacharyLaid5 жыл бұрын
Roth is limited to 6k contribution while the 401k is 19k and sometimes depending on your employer you get a match with the 401k. That’s the only reason you could have more money in a 401k but both provide equal returns as they are merely tax shells for your investments.
@GrahamStephan5 жыл бұрын
Well said!
@rachelpoulos5 жыл бұрын
I think you may be confusing two separate concepts here. "Roth versus Traditional" and "401k versus IRA". Whether you are contributing to a Roth 401k or a Traditional 401k, the max contribution for 2019 is $19,000. Whether or not you are contributing to a Roth IRA or a Traditional IRA, the max contribution for 2019 is $6,000 (with some additional restrictions about contributing to a Roth depending on your income level). No matter what, an employee match will happen in a Traditional 401k, but at least my employer makes the match regardless of the kind of 401k you contribute to. The largest gain you get from a Traditional versus Roth is the increased revenue you get because the money is pre-tax, and you can immediately invest the difference between pre-tax and post tax. A concept I hope Graham will touch on in a future video is the "backdoor Roth" where you can convert your traditional contributions to a Roth structure, so you can strategically decide in what years to pay tax on your contributions (although there is no distinction between gains and contributions for tax purposes during the conversion because it is all considered income). Particularly if you are planning on retiring early, converting to a Roth may be necessary so you have access to the non-gains portion (gains start at the moment of conversion) tax free.
@randomvideosn0where5 жыл бұрын
Although most IRAs have more investment options than the typical 401k.
@willc.2265 жыл бұрын
Rachel Poulos you nailed it. This is the more important comparison in my opinion.
@asterisk9115 жыл бұрын
@@rachelpoulos $19,000/ $6000 plus more if you're old enough to contribute the "catch-up".
@dc763845 жыл бұрын
At 43 I have a Roth 401k, and a stand alone Roth IRA. My employer also has a pension plan I'm enrolled in as well. Fingers crossed I'm making the right decisions that will pay off in 20-25 years
@jaychild783 жыл бұрын
Update?
@bengonzalez77779 ай бұрын
I recently inherited almost $500k. I REALLY need to make this money work for me, and not just disappear over time. All roads have pointed to the equity market of some sort which is a good idea buh where else should I put money besides the equity/stock market?
@taglishteacher36003 жыл бұрын
Sharing this with my students this wealth of knowledge since you looked cooler explaining it than I did last time. lol
@tlgrimmy5 жыл бұрын
You mentioned you're still contributing to your Roth IRA, however, you're above the 180k income limit. Are you just able to get your AGI under that through tax writeoffs? Great videos by the way. You're an inspiring guy!
@joshuafredrickson97193 жыл бұрын
You can roll over funds from another type of account into a Roth.
@jeremiahcrowley81785 жыл бұрын
Sounds like I should take the 4% 401k company match and then open a roth ira currently making 55k at 23
@SchoolofPersonalFinance5 жыл бұрын
That sounds like a good plan!!
@mavisknight34265 жыл бұрын
@jchc VV I am an Jamaica I am wondering if I could join it awsell even thou am in a other country?
@mavisknight34265 жыл бұрын
@jchc VV alright respect bro
@ErikMmoney174 жыл бұрын
55k pre tax?
@sjhdfbasndf9864 жыл бұрын
you should convert the 401k to Roth401k
@lebronj54913 жыл бұрын
Investing in good Stocks or Real estate still the best option. No hard feelings.
@kevinjohnstone40233 жыл бұрын
Nasdaq in particular. Learnt it's the new money tree.
@kathleenstoner.n74993 жыл бұрын
@@kevinjohnstone4023 True to some extent. Though presently the market isn't so favorable unlike the previous year, i made an Average of $3700-$4000 weekly and still worked full time.
@sakhalittle92063 жыл бұрын
@@kathleenstoner.n7499 Why still work full-time? How possible? A bot traded for you or what?
@kathleenstoner.n74993 жыл бұрын
@@sakhalittle9206 😂 passion. Found one Sandra Yvonne webster on the internet in all honesty she's an angel.
@ANTHONY_esq3 жыл бұрын
@@kathleenstoner.n7499 Martha Elizabeth Linsley of Morgan Stanley & Co?
@AddieQuin4 жыл бұрын
thanks for that calculator!!! I enjoy all the great info and love the channel
@jparker18235 жыл бұрын
Totally agree in having both and starting ASAP. You should also mention the benefit of a 401k and taking out $10,000 tax free for a first time home owner purchase.
@peterjazii6925Ай бұрын
Wait what..??!!!
@andywalker71444 жыл бұрын
I feel like this is a somewhat misleading comparison. Should have been Roth IRA vs Traditional IRA or Roth 401k vs Traditional 401k. I am choosing Roth over traditional every time.
@drewblessing84184 жыл бұрын
Yes. I was coming to say the same thing. Not an apples to apples comparison. Most employers offer a Roth 401k, too.
@LVQ-so5th4 жыл бұрын
Agree. Also would have been nice to see a comparison. For example, how much money would be in a traditional 401k after 30 years vs a roth 401k after the same time period, and assuming the same rate of return and some income level. Invested dollars are like little workers earning you money. The traditional 401k will have more little workers and so I would expect a much bigger nest egg when retirement time arrives. Yes that money will be taxed, but if it is a much bigger nest egg, than it might be the better choice.
@leonkingjr4 жыл бұрын
M L if you were a farmer, would you rather pay taxes on the seed or the harvest? In addition to that, we have no way of knowing what tax rates will be in the future. What do you expect taxes to do, go up or go down?
@Dlow-kc6jv3 жыл бұрын
True. I do the roth 401k too. My company matches up to 3% and i put in 5%. So 8% bi weekly is adding up fast. Those gains though!!
@barkingshark64133 жыл бұрын
No one qualifies to open a ROTH if they gross $139K in 2020. A very important detail Graham has missed in the video.
@itschrishuerta4 жыл бұрын
I think one thing you didn't cover is the income limitation on a Roth IRA. Once you make over a certain amount, you can't contribute to a Roth directly anymore (there are some backdoor options). If you and/your partner are on track to meet or exceed that income limitation in a few years so, you might want to be sure you take advantage of the Roth IRA before it's no longer an option.
@denniswadsworth8126 Жыл бұрын
Roth IRA contributions income phase-out ranges for 2022 are: $129,000 to $144,000 - Single taxpayers and heads of household $204,000 to $214,000- Married, filing jointly $0 to $10,000 - Married, filing separately
@ZR1Terror Жыл бұрын
@@denniswadsworth8126 wife and I make about $300k. What would you recommend then? She has a 401k and I have nothing. My accountant told me to get an ira. But I don’t know anything about that stuff.
@IWillSendMyHunters Жыл бұрын
@@ZR1TerrorYou can do a back door Roth IRA. There are plenty of videos on KZfaq on how to do it.
@npeters1653 жыл бұрын
I’m surprised you waited until the very end to mention Roth 401(k). It would have been better to compare Roth 401(k) (which would still get employer match) to a traditional 401(k) as opposed to Roth IRA versus Traditional 401(k)
@insidedadshead96915 жыл бұрын
Not every employer match is dollar for dollar. In fact the number of employers matching 1:1 is declining.
@benthomas88864 жыл бұрын
@@regulus6773 that's an incredibly low match. Usually the 3%-5% number is how much of your paycheck they'll match. For example, the company I work for matches 75 cents to every dollar i contribute up to 6% of my paycheck. So in my case it's generally good to contribute at least 6% of my paycheck since i'll get an immediate 75% match
@karlenchan50764 жыл бұрын
i had pfl "pre-financial literacy" in high school where all the teacher did was put on videos of Dave Ramsey that mostly went in one ear and out the other. i thought credit cards were an evil scam lol. I'm already 24 with no credit score and only a basic non savings debit account with out theses videos from graham i wouldn't have got around to understanding how to deploy my money. much love
@damondiehl56373 жыл бұрын
Dave is on the radio and here on KZfaq. What he said then is still valid, now. If you don't go into debt, you don't care what your credit score it. If you follow Dave's steps, it's never an issue.
@farhanrahman3667 Жыл бұрын
I prefer to know which stock do you invest in 401k and ROTH IRA.
@connieunruh10453 жыл бұрын
Should have compared Roth 401k vs 401k then Roth IRA vs IRA. Many companies are now offering Roth 401k.
@Warrior_Resisting_Colonialism5 жыл бұрын
2:43 - "If you want to contribute more than 6k per year, you can't" Actually you can. Once you reach age 50, you can contribute an additional 1k per year. "Catch-up bonus".
@Firebrand3194 жыл бұрын
And if you make too much money you can't contribute to a Roth period, and there's no mention of this.
@wesjohnson50194 жыл бұрын
And LLC
@alrocky4 жыл бұрын
@@Firebrand319 "And if you make too much money you can't contribute to a Roth period" --- That is incorrect.
@Firebrand3194 жыл бұрын
Over 206k married max contribution is $0. I also know there's a backdoor way to convert a traditional IRA to a Roth, but this video was specifically about Roth's. If someone watched this and then maxed their contribution without paying attention to the income cap, then they're in a complicated situation come next April.
@alrocky4 жыл бұрын
@@Firebrand319 Which still makes your first post incorrect.
@VinnyLogz4 жыл бұрын
Answer--Roth 401k
@Mac-cz2gz3 жыл бұрын
Thank you for making this understandable😂🙏🏾 I’m 18 years old and I’ve been following your advice only for a while now but I will continue to progress on this long path towards financial freedom
@joltix34943 жыл бұрын
How u going
@AlastroSage2 жыл бұрын
Your definitely on the right track if your on this channel👌
@KhoiGO2 жыл бұрын
Same 18 here
@FIRED133 жыл бұрын
Just go crazy and max out both each year because you have no clue what income taxes or capital taxes or your income will look like in the future.
@nafnaf03 жыл бұрын
ell you have a choice at most employers these days, you can either contriubte to a 401(k) or a Roth 401(k). Personally I'd say Roth 401(k) is better. You can roll the Roth401(k0 money once per 12 month period into a personally Roth IRA if your employer plan allows too. I'd get employer match first, then max Roth IRA, then go Roth401(k)
@allbaugh045 жыл бұрын
Keep in mind you can withdraw Roth IRA (contributions) tax and penalty free. A lot of people don't know this.
@GrahamStephan5 жыл бұрын
Agreed!!
@kevinlund3575 жыл бұрын
This is true, but it's important to remember that you can't put back more than the 6k per year, regardless of how much you've withdrawn! So once you've pulled out the money you have lost that tax free earning potential for good! Be careful.
@mendezo79695 жыл бұрын
What about 401k Roth , if I decide to retire early before 59age do I have any penalty or fee ?
@jamie498685 жыл бұрын
That's a nice feature, but unfortunately defeats the purpose. Most people lack discipline and will hit that plan whenever they want, let alone need, something, and then complain that their plan isn't growing. A 401K does allow for hardship withdrawals, but they do come with taxes and penalties, or you can borrow from the plan and pay your self back. But again, in both cases this is money that is supposed to be for your retirement, not for a vacation or new car, which I see people taking out, and borrowing for all the time. If you treat either plan like a bank savings account, your returns will be similar or you could get crushed by timing. So set and forget as the slogan goes.
@blackworldtraveler37115 жыл бұрын
Tim Timmy It's one of those things I don't really want to do anyway. I have other savings,investments,emergency fund,and income to withdraw from if needed.
@calvinraab87985 жыл бұрын
One very important thing to remember is that if you make more than $137,000 (for a person who is single) you are ineligible to contribute to a direct Roth IRA. You will want to look into a Backdoor Roth IRA if you want to get around that.
@GrahamStephan5 жыл бұрын
You can do a backdoor like you said!
@blackworldtraveler37115 жыл бұрын
Calvin Raab Personal Finance Videos I just take off 3-4 months off work without pay to qualify for Roth IRA contributions.
@seanx1213x4 жыл бұрын
Your vids are so good
@salis59413 жыл бұрын
“Hey Gram are you rich?” “Let’s just say... I’m in a RIDICULOUSLY high tax bracket...” 😎
@kimzaira5 жыл бұрын
Hey Graham! Could you make a video on the differences between a Roth IRA and a Roth 401k?
@damondiehl56373 жыл бұрын
401ks are offered by employers. IRAs are set up by the individual.
@Linase5 жыл бұрын
Thank you! I ended up investing in a Roth 401k :) I love how detailed you are and the tools you provide, I also appreciate your personal opinion on what you do.
@swampbucker14 жыл бұрын
Yeah it's something like $120K on average per account.
@douglasmckinley-sr15072 жыл бұрын
If you make $100K today and are in your 20’s and would like 80% of that in retirement. Then you have to take inflation into account. $100K today will be equivalent to about $350K when you retire and inflation has devalued your savings. For this reason a ROTH makes more sense when you are younger. When you are closer to retirement and with inflation and pay adjustments you will be making more like $200K to $250K salary (wages do not keep up with inflation which why housing has become unaffordable for a lot of people) and a traditional IRA might be attractive - however no way of knowing what will be available 40 years from now.
@davidandronicomusic4 жыл бұрын
Really great video, needed this! Thanks Graham!
@bigtomb10274 жыл бұрын
Now I'm interested in that Roth 401k. I wish you would have went into more detail on that..
@NateT0924 жыл бұрын
Never a time to not go for it, unless you expect to have the same tax bracket at 60+. (Meaning same wage)
@MrRentageek3 жыл бұрын
@@NateT092 No, totally incorrect. You highest tax bracket now determines how much you don't pay in taxes if you do traditional, while your average tax rate in retirement is what you will pay when you withdraw it. Your average tax rate (based on current rules) would be about 13%
@corynorell36865 жыл бұрын
It's happened. I am now able to predict Graham's "smash that like button!" plugs.
@GrahamStephan5 жыл бұрын
Super powers!!
@JohnVanderbeck3 жыл бұрын
The answer is both. Contribute to your 401k up to the employer match, then max out your Roth IRA, then go back to the 401k unless you also have an HSA. If you do, hit the HSA next, THEN loop back to the 401k. I'm glad to see Graham mention the "uncertain tax rate in the future" but because this is something a lot of people don't consider, and I even thought he wasn't considering it based on earlier statements. If you are young, chances are your tax amount will be higher in retirement, not lower.
@5.7hemi793 жыл бұрын
I think the best way is to put all your cash in a mason jar and bury it in the backyard and forget about it like my grandpa did. He never was the sharpest tool in the shed.
@l2ealChuckNorris5 жыл бұрын
Counting the days til march 27th! Graham and Ben 2020
@GrahamStephan5 жыл бұрын
So excited for this video!!
@JeffMorrisonAdventures5 жыл бұрын
Ben Shapiro?
@l2ealChuckNorris5 жыл бұрын
@@JeffMorrisonAdventures No haha Ben Mala from the Koncrete YT channel
@charliele31655 жыл бұрын
Good video but missing some info on Traditional IRA and Roth 401K. Still smashed that like button though.
@multimeter28594 жыл бұрын
I do both. Contribute 10% to my Roth TSP(government 401k) amd max out my roth ira.
@MrsCrazyNat3 жыл бұрын
It’s easily the best video explaining ROTH IRA vs 401K.
@freddieh55395 жыл бұрын
Two more disadvantages if 401k: 1) Your RMDs can push you into a higher tax bracket, resulting in Social Security being taxed 2) My experience has been that investment options in company 401k programs absolutely stink on ice. When your money is in a Roth or rollover IRA, the investment options are far superior. Just my $0.02
@LeoMartinezzz5 жыл бұрын
Smashing the like button before Graham’s says it in the video in hopes I get acknowledged 🙂
@GrahamStephan5 жыл бұрын
You get a heart!
@LeoMartinezzz5 жыл бұрын
You sir made my day
@TheTonyAndreas2 жыл бұрын
Great info Graham! Thank you!
@denniswadsworth8126 Жыл бұрын
Roth IRA contributions income phase-out ranges for 2022 are: $129,000 to $144,000 - Single taxpayers and heads of household $204,000 to $214,000- Married, filing jointly $0 to $10,000 - Married, filing separately
@technical19d344 жыл бұрын
Why no mention of the fees you have to pay on an employer provided 401K?? This makes a huge difference.
@mmacquoid124 жыл бұрын
How much are the fees typically?
@technical19d344 жыл бұрын
@@mmacquoid12 Typically they are between half a percent and one and a 1/2 percent
@mmacquoid124 жыл бұрын
@@technical19d34 Thanks
@justinjohnson26575 жыл бұрын
Pretty good content but I felt Roth 401K deserved to be mentioned sooner...
@jonathandean20103 жыл бұрын
This video left out the MAGI requirements for Roth.
@jesselightning71523 жыл бұрын
Completely agree! That was one of two things I didn’t feel was accurately explained in the video. He said an example about someone earning 300K should contribute to a 401K to lower their tax bracket, etc., but they couldn’t contribute to a Roth IRA anyways. If you can, contribute to both. Match 401K. Max Roth IRA. If you’re lucky and want a lot of spending money in retirement, max out both every year.
@ScratchQueeen4 жыл бұрын
I’m so happy this came into my recommended!!
@shawnmccrum50725 жыл бұрын
Graham, can't explain how much I appreciate your videos. It gives me a feeling of security for the (seemingly) distant future.
@GrahamStephan5 жыл бұрын
Thanks so much!!
@camerongorman985 жыл бұрын
Hey Graham, I just watched selling sunset on Netflix and my favourite bit was seeing you in the background lol :D
@GrahamStephan5 жыл бұрын
I'm so sad, I was in so many of those scenes and they just cropped it in so I wasn't shown :(
@camerongorman985 жыл бұрын
@@GrahamStephan well I hope you take solace in I only watched it because I was like "wait a second! Is that Graham!?" (From the trailer when I saw you on the Billboard/group picture)
@DerekForde5 жыл бұрын
Graham is all over episode 8. Nice cameo!
@davidpartee7595 жыл бұрын
Seems like the show is all but the ladies and their drama, at least that's all the preview showed.
@camerongorman985 жыл бұрын
@@davidpartee759 yeah that pretty much is the focus, real estate comes second lol
@user-bl4ez3sh5g3 жыл бұрын
Graham, always get the free match, but always, always max out your Roth, and your spouse can contribute the same amount even if only one spouse is working. You need to take into account that your money will double or should double every 7 years, and that is what you will pay taxes on with a Traditional IRA or 401k (the whole amount). Your cost of living will also go up due to inflation, but your tax bracket will change very little. You are not taxed on the gains with a Roth. Tax brackets don’t really matter, especially if you account for inflation/cost of living and all the years of compound interest. Use a time value money calculator to see this, assume 10% compounded for 30 years! You want to pay taxes on the seed, not the tree! Always always max out your Roth and always get the free matching from your 401k. I am licensed in this field.
@ashleyrodriguez3650 Жыл бұрын
I need a bit more clarification. When you refer to MAX OUT “ROTH” are you referring to maxing out the 6k every year?
@IWillSendMyHunters Жыл бұрын
@@ashleyrodriguez3650Yes
@joeo72574 жыл бұрын
The PERFECT explanation! Also: Sound Financial Advice. Just do it NOW!
@wanchawancha53235 жыл бұрын
I do 401k , Roth IRA and deferred comp! Been doing it for 20 years and it’s great so far!
@AlwaysSidelines5 жыл бұрын
I had a maths test and one of questions was about someone called Graham and I thought about Avocado toast. Great video!
@GrahamStephan5 жыл бұрын
hahaha amazing
@dontbanmebrodontbanme54032 жыл бұрын
Roth IRAs have an income limit. For 2021, it's $140K. You can get around it, but it should be mentioned.
@stevenrichards15393 жыл бұрын
I didn't see that you listed the vesting schedule for 401k. I had to leave tons of money on the table because I was not vested when I lost my job. When looking for a job I ask for the details of their retirement plan. Some companies have such crap benefits.