770 account is where I just put my backbreaking hardcore almost died for money.

Tax free of course.

Graham Stephan omg more content from you? Is it christmas?!?

@GrahamStephan is that you in the Real Estate series: Selling Sunset Season 1, Episode 8 ?

Can you do both? Match 401k with work. And ira maxed 6k$ 115$ a week?

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.

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

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?

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..

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.

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.

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.

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?

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.

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.

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.

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.

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?

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.

@hentzarthurharmel5823yea, but your investments should out pace inflation

To be honest, I've had a hard time understanding its basics. What insights did you gain, and how are you doing it?

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.

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.

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.

I just clocked 48 and I'm hoping that it's not too late for me. Can you introduce me to him?

THANK YOU!!

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.

This is too true

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.

if they did that then democrats would loose votes.

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.

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

@@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?

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.

@@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.

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.

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.

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?

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.

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.

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.

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.

@@UshnicYuvnikof Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems

@@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

Me to

My employer takes out 15% of my salary for pension. I'd like to do both but it'd be way too much.

@@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.

If you can also buy dividend paying stocks 🥵

You can contribute to Roth 401k and your employer match would go into pretax 401k

@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.

@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.

Who is this consultant? pls i'm in dire need of one

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.

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

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.

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

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.

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

Congratulations! I was just hired by Chase part time as well. I can’t wait to start my 401k

Carolita Dominguez try not to borrow against it. I did when I was younger-don’t do it. Good luck to you lady.

Jamie Renee great advice, I’ll do the same

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. 🤔🤔

@@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.

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.

@@FeliciaJudge

@@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

@@gracesdonny1532 She is easily searchable and has extensive knowledge of the financial markets.

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.

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?

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

Impressive can you share more info?

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..

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!

Gimme a free avocado toast won’t you. You’ve got enough money already, feed me for life for free 😂

Good luck with that. You have a better chance of being bitten by a lion out in the ocean in the middle of nowhere.

@Glock19ist so you're saying there's a chance.

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.

@Thomas Freddy my financial advisor is *Gary Andrew Debellis*

@Randy Barton invest in the S&P500 all the way, don’t get more fancy than that

You made it congrats enjoy retirement 😎

@Randy Barton lol save your fucking money 💰 you got this bro now get that bag

@@marcosgallo803 you could also make it like me if you wish to

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.

why limit your options to just the two??? pretty sure there are more lucrative alternatives!!!

@@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...

@@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.

@@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,,,

Kha Le That’s actually a very good point 🙌

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.

but then pay through the roof in property tax, ie New Hampshire and Texas

@@xxxBradTxxx not true in FL.

Except federal income tax applies in every state.

Both is the best!

Does your employer match? If so, how much on the dollar?

Shaunt A might be .50 on the dollar up to 5 or 6%. Something like that. Not amazing but it’s something

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!

Exactly what I do!

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.

@@pamburchell7390 Getting rich over decades is ez. No one wants to be a rich 70yo.Being rich at 32?....thats a party!

@@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.

@@kyledowney1268 You've saved for yourself some good bucks. Get a professional, my sincere advise.

@@pamburchell7390 That sounds good. But how do i get a reliable one considering the heavy presence of scams in our social media space today?

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.

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.

​@@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.

@@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.

@@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.

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?

What are the limits for each of those and can you have all accounts at once?

@@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.

So in short that Roth 401k that they are saying is just the combination of traditional 401k and Roth?

@@ronaldfortaleza1177 Reread what this man said. It looks like you did not understand.

I’m 35 and just my Aha moment … here we go !

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

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.

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.

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

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.

3y later… how’s it going?

Update please

???

​@@MrCococdastill broke

80% of your check sure bud

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.

I’m 18 years of age .. would you say starting with Roth 401k is the best option

@@thedanieldrew6695 yes

@@thedanieldrew6695 they are pretty similar where it counts. 401 is through employer only though so keep that in mind

@@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

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.

To keep you spending not saving/investing.

@@elitedefender6918 what a waste lol

@@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.

the system doesn't want us to succeed

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

@@BEAUTIFULDIANAFRANCIS Cynthia Mcclure Alexander .She is well known; you ought to look at her work.

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.

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.

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.

Sure, you can do that, you just need to be consistent with your investment.

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.

I agree, it seems you have an investment manager, who you hooked up with. how’s it been working out so far for you?

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.

@@lucasherbert9802 That’s great man, your investment manager must be really good, do you mind sharing more info on this person?

Soon it'll be 40

Ah thanks man!!! Yeah the last 5 months have grown insanely fast!!

11% is INSANE! 3/3.5% is the average in the private sector. I need to consider government work....

Does she get a pension plus the 401k or just the 401K?

My work matches up to 1.25% smh 🤦🏻‍♂️

11%!!! That is crazy! And I thought my 5% match was good.

Mine matches up to 3% and adds an extra 7%, so I put in 3% and I get 13%!

Yeah being vested is an important detail overlooked. Perhaps I will include this in my topic of the day next

But I like to take advantage of loweing my taxable income now and still keep my money

@@ygbodybuilder3023 you can do both

No but you could make less at the time of retirement, putting you in a lower tax bracket

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

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

:)

Your not poor your broke it's a difference,🤔

@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.

It's all about the mentality

Great advise here. I Also find Bob Proctor's video VERY helpful when it comes to a successful mindset.

i will recommend expert Tamara Diana Hagan for you her trading strategies are top notch

yes i have been using her for some months now . i started investing with her and it's been no regrets .

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

you can look her up online just search her name Tamara Diana Hagan

wow I'm just shocked you mentioned and recommended expert Tamara Diana Hagan . i thought people don't know her .... she's really Amazing

Forever Misguided it’s never to late to learn new skills and invest more money just do it smartly based on your needs.

Unless you change your poor attitude and take responsibility, yes

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.

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.

Aek Sinsang acknowledging ones own poor decisions isn’t taking responsibility now... right

Sequency nahahahaha

Financial worlds collide

Illuminati

Lol the end must be near

Riley Griffith - Stock Market Videos Slick plug, I appreciate that haha. We’re in the same boat

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

great advice ma'am you must have an inspiring mind because you inspire minds 🙏

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 😁

@@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!

@@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

@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.

@@kathleenstoner.n7499 Smart Strategy! Pls where can i check ROIC, Free cash flow etc and again can i know the FA you work with ?❤️

"Sandra Yvonne Webster" look her up online. She's quite popular and a director with NTS in all honesty she is an Angel.

@@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.

@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.

Absolutely!!

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.

You're still young enough to reap the benefits of compound interest 💰

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.

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.

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…

Lmao same

🤣

Some people open 401Ks as a Roth IRA tho! So you should have both, separately IMO

Don't forget about the TFSA. AND RRSP

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!

Well said!

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.

Although most IRAs have more investment options than the typical 401k.

Rachel Poulos you nailed it. This is the more important comparison in my opinion.

@@rachelpoulos $19,000/ $6000 plus more if you're old enough to contribute the "catch-up".

Update?

You can roll over funds from another type of account into a Roth.

That sounds like a good plan!!

@jchc VV I am an Jamaica I am wondering if I could join it awsell even thou am in a other country?

@jchc VV alright respect bro

55k pre tax?

you should convert the 401k to Roth401k

Nasdaq in particular. Learnt it's the new money tree.

@@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.

@@kathleenstoner.n7499 Why still work full-time? How possible? A bot traded for you or what?

@@sakhalittle9206 😂 passion. Found one Sandra Yvonne webster on the internet in all honesty she's an angel.

@@kathleenstoner.n7499 Martha Elizabeth Linsley of Morgan Stanley & Co?

Wait what..??!!!

Yes. I was coming to say the same thing. Not an apples to apples comparison. Most employers offer a Roth 401k, too.

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.

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?

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!!

No one qualifies to open a ROTH if they gross $139K in 2020. A very important detail Graham has missed in the video.

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

@@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.

@@ZR1TerrorYou can do a back door Roth IRA. There are plenty of videos on KZfaq on how to do it.

@@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

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.

And if you make too much money you can't contribute to a Roth period, and there's no mention of this.

And LLC

@@Firebrand319 "And if you make too much money you can't contribute to a Roth period" --- That is incorrect.

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.

@@Firebrand319 Which still makes your first post incorrect.

How u going

Your definitely on the right track if your on this channel👌

Same 18 here

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)

Agreed!!

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.

What about 401k Roth , if I decide to retire early before 59age do I have any penalty or fee ?

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.

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.

You can do a backdoor like you said!

Calvin Raab Personal Finance Videos I just take off 3-4 months off work without pay to qualify for Roth IRA contributions.

401ks are offered by employers. IRAs are set up by the individual.

Yeah it's something like $120K on average per account.

Never a time to not go for it, unless you expect to have the same tax bracket at 60+. (Meaning same wage)

@@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%

Super powers!!

So excited for this video!!

Ben Shapiro?

@@JeffMorrisonAdventures No haha Ben Mala from the Koncrete YT channel

You get a heart!

You sir made my day

How much are the fees typically?

@@mmacquoid12 Typically they are between half a percent and one and a 1/2 percent

@@technical19d34 Thanks

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.

Thanks so much!!

I'm so sad, I was in so many of those scenes and they just cropped it in so I wasn't shown :(

@@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)

Graham is all over episode 8. Nice cameo!

Seems like the show is all but the ladies and their drama, at least that's all the preview showed.

@@davidpartee759 yeah that pretty much is the focus, real estate comes second lol

I need a bit more clarification. When you refer to MAX OUT “ROTH” are you referring to maxing out the 6k every year?

@@ashleyrodriguez3650Yes

hahaha amazing