How to Create a 1 Million Dollar ROTH IRA - Part 2
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@FennaVa 5 ай бұрын
I am 53 years old and consider myself to be a high earner. My job provides me the option to contribute the employer contributions to my Roth 401k. Should I do that or should I continue to direct that to my Traditional 401k ahead of retirement?
@ralfbrown-kl1gp 5 ай бұрын
You're doing well for yourself but it is better to seek help from a professional. I am sure that an expert with experience provides more edge than a KZfaqr.
@marcellasilva4015 5 ай бұрын
As a high income earner can you easily afford to contribute max of $22,500 to your traditional 401(k) and towards retirement? What is your Federal Tax Bracket and percentage of company match? I f you don't know all this then its best you consult with an advisor.
@mikeescott 5 ай бұрын
@@marcellasilva4015 Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
@lnvestngwithrose29 5 ай бұрын
@@marcellasilva4015 Mind if I ask you to recommend this particular coach you using their service?
@noahzimmerman-yg6qt 5 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@chriswalter92 7 ай бұрын
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.-
@tahirisaid2693 7 ай бұрын
Definitely! All of this happened in less than a year after *JENNY PAMOGAS CANAYA* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars..
@wholesomenesstv 4 жыл бұрын
You are amazing, Mark. I'm a CPA and I've read your books. Simply amazing. I'm happy you continue to share your wealth of knowledge through other avenues like these. Thank you for the work you are doing.
@ralpharomeo7420 5 жыл бұрын
Man this guy is a saint. Your effort and time is greatly appreciated sir.
@MarkJKohler 5 жыл бұрын
Your comment made my day. Thank you :)
@joelwaldman4854 3 жыл бұрын
Yes@@MarkJKohler, really appreciate your wisdom. Sorry you had to tackle those negative comments. 12% in the market is absolutely realistic. See FSCSX mutual fund, 22% annual returns over the last 10 years. Keep encouraging people to save, brother!
@dr7b622 3 жыл бұрын
0a j hq nh
@yanutube1 3 жыл бұрын
How can you contribute $20K in the Roth IRA while you are only allowed up to $7000? I was waiting for you to answer this question but didn’t hear it?
@bassplayerpapabear 2 жыл бұрын
@@yanutube1 there is another Roth video where he answers it - I think it is through back door contributions. I believe it is a 2 step process - put money in your 401k and then convert to Roth. You take the tax penalty but it works. I'll try to find the link
@rdkisner 3 жыл бұрын
For the 2020 & 2021 tax years, the combined annual contribution limit for Roth and traditional IRAs is $6,000 ($7,000 if you're age 50 or older). So how do you put in $19,800 if you 50. Investing minds want to know.
@CharmCityMediaMD 2 жыл бұрын
You can't. That is the biggest issue I had with his videos. Don't wait until age 50 to start investing. Lol
@josephsaeteurn9158 2 жыл бұрын
@@CharmCityMediaMD take his videos with a grain of salt... its not accurate..
@trueno1337 Жыл бұрын
Some plans allow you to contribute after tax dollars and do a Roth in plan conversion to your Roth. As high as 30-40k depending on your contributions to other retirement accounts.
@brennamoorhead30 Жыл бұрын
Mega backdoor Roth conversion
@alyxxa6182 5 ай бұрын
Roth 401k accounts, you can put in $23,000 per year as an employee. Then you can match it as your own employer if you are self employed OR get a company match if you work for someone else. There ARE WAYS.
@jesham7627 3 жыл бұрын
Self-Directing methods caught my attention. Thanks Mark!
@jamesw1164 4 жыл бұрын
Love this video and the previous one! The point is start early to save more, power of compound growth... Mark keep up the good work!
@MarkJKohler 4 жыл бұрын
Thanks James! So glad you took something away! Be sure to subscribe and share so you can help others!
@claudeenonthego 3 жыл бұрын
Can you do a more detailed video in self directing and setting up an LLC? This is a concept that’s new to me.
@11nica5 3 жыл бұрын
Sounds costly, and LLC in some states (like CA) you have a yearly tax of $800
@MarkJKohler 3 жыл бұрын
Hey Claudeen, my law partner and I started a podcast specifically about self-directing. We have more than 20 episodes that are an hour-long, where we talk about self-directing. We cover topics like IRA/LLCs. If you are interested in self-directing your retirement, I would HIGHLY recommend listening, you can find them here: directedira.com/podcast/
@joycenewberry4113 3 жыл бұрын
Thank you for sharing your time, effort and knowledge about this topic. This is gold!
@mikemeyer6852 5 жыл бұрын
Great part 2 Mark keep up the good work!
@MarkJKohler 5 жыл бұрын
Thanks so much Mike! Really appreciate it!
@maxlewis2011 5 жыл бұрын
Thank you for giving!!!!! (You are doing the service for all of us)
@MarkJKohler 5 жыл бұрын
You're very welcome! Thanks for watching the video!
@sagarpokharel70 3 жыл бұрын
You sir are a genius. Appreciate the hard work you’re doing.
@rankinprojects599 2 жыл бұрын
Great info. There is just so much as a newbie it’s overwhelming to grasp all the concepts.
@vinimetal 4 жыл бұрын
I like this guy answering those comments
@relaxationsoundsambience2724 2 жыл бұрын
This right here has helped me 100%. Thank you, and you got a sub.
@geraldlofton 5 жыл бұрын
Good Job....you can try but u can NEVER make people understand what it is that is Good for them because...most are Naysayers....half glass people...LISTEN we need them..because everyone can’t be in top 10% of Wealth in this Country...keep delivering Good Content!!
@MarkJKohler 5 жыл бұрын
Thanks so much!! I appreciate that. I was really surprised by the response of people to my video. So upset about investing outside of the Wall Street machine.
@chuckincharlo 5 жыл бұрын
I'll take the glass half empty approach.. these "acorns" with Starbucks that round up to the next dollar...your paying 3 bucks for a latte which has a 300% markup...
@PedalToTheMetal61888 4 жыл бұрын
...must be talking about my ...5...hardheaded''...''Daughters'''...they just wanna take...selfi''s-...and HAIR-WEAVES'''...silly...rabbitts'''''ha...ha...ha...!?
@DrBenz63 4 жыл бұрын
Man with cash is king 😉
@747-pilot 3 жыл бұрын
@@chuckincharlo EXACTLY!! The financial _ILLITERACY_ in this country (and in the west in general - countries like Canada are much worse), is *_astounding._* If you need an app to help you do BASIC math and save, then I don't even know if you deserve to exist (rollseyes).
@thinkingngrowing1324 4 жыл бұрын
Mark, thanks for the videos. I am a student of investing. I started in 1991 and haven't looked back. I, too, have found vehicles that ride above 10-12%. And, yes, that don't stay there, but I enjoy the ride while they are there. I just created a spreadsheet and provided it to my nieces and nephews (and my kids) about how to forecast what their accounts will look like in the future if they stay consistent. In closing - the key is to program your mind to see your future. The money starts looking good at the 20 year mark and every year there after it gets really good. To all the readers that don't understand investing, look up the Rule of 72 and Mark's videos will make more sense (assuming they don't right now). Thanks, Mark and keep up the great work.
@bretmaki2110 4 жыл бұрын
Cool. You're doing really great. Keep it on. I'm a dedicated investor too. No just stocks though. I have my funds spread among a number of securities and carefully diversified by my portfolio manager. I often hit up to 20% return monthly. She's just a genius in wealth management.
@blinkingred 4 жыл бұрын
Currently loving Acorns, Lets just hope they last as a company.
@RockyTopSplash 4 жыл бұрын
@14:50 the realness really shines through.. I can see there is no BS.. Thanks for the tips.. Roth IRA here I come!
@MarkJKohler 4 жыл бұрын
I am trying to help you guys save money and build for the future.
@PilotsCorner 4 жыл бұрын
I love your videos and they totally out bid the ones about getting rich quick. That's just not realistic. I appreciate you taking the time to make these videos!
@MarkJKohler 4 жыл бұрын
Yes, any scheme that looks too good to be true, is. Thank you for the support, it means a lot!
@reniehandler2595 4 жыл бұрын
Nice to see that you adjusted the week, month, year.....just easier to follow for the novice
@MarkJKohler 4 жыл бұрын
Thank you for watching!
@kevkev7164 2 жыл бұрын
Love your enthusiasm Mark! A lot of good information.
@seventy7dayz 3 жыл бұрын
Thank you! This information is awesome, and free!
@unplugged301 3 жыл бұрын
Do you have to buy index funds/bonds/etf etc right away when you contribute money into your Roth?
@wavezofhope 5 жыл бұрын
You just got a new sub today, thank you for these videos!
@MarkJKohler 5 жыл бұрын
Thank you!!
@PedalToTheMetal61888 4 жыл бұрын
@@MarkJKohler ...MAY i also ...claim you ON My ...Taxes'''...WELL i said ...May...i...!?
@TimHPop776 3 жыл бұрын
Absolutely fantastic insight and options to get really invested for the future!! Thanks
@jess2111 4 жыл бұрын
Thank you 😊 im 21 yrs old and this is good for me but im from Philippines.
@Babystan02 4 жыл бұрын
Kesha Gwen Mobile Bangbang snap ?
@tll5293 4 жыл бұрын
Thank you so much for these videos, watched also the first one. Yes, would also loved to see the third coming. I didn't understand though what you mean by "build a LLC *in* the self-directed Roth IRA". Do you mean build a LLC and link it to the self-directed Roth IRA? I'm afraid I didn't understand the concept, or rather the setup - meaning, which to set up first and to link it together.
@Cris-pj6xk 4 жыл бұрын
Mark knows whats he's talking about, such a big eye opener can't wait to start saving !!!!!
@MarkJKohler 4 жыл бұрын
Good luck Cris! Thanks for your support!
@kpath74 5 жыл бұрын
Love this man energy!
@MarkJKohler 5 жыл бұрын
Thanks so much!
@ginacort23 2 жыл бұрын
Wow !! Thank you so much for all this info . It opened my eyes to how we can be smart about saving with tax benefits and investing at the same time 👏🏻👏🏻👏🏻
@benz500r 3 жыл бұрын
Mark is absolutely right. I'm also an attorney and I know he does great work explaining those concepts.
@jayjordan9275 4 жыл бұрын
I’m just now watching, at 35 to learn what to. You seem so genuine on giving out information. It’s definitely not for everyone. 🙏 Thanks
@MarkJKohler 4 жыл бұрын
Thank you so much!! So kind. I truly appreciate you vote of confidence. Please subscribe and share when you feel appropriate.
@smonelh 5 жыл бұрын
just when I think that your last video that I watched was your best, you surprise me with more amazing content! Thank you so much for all that you share! Do you consult in Georgia?
@MarkJKohler 5 жыл бұрын
Thank you so much Sheena!! I don't have an office in Georgia (hopefully I will in the future :) ) but my team and I do work with clients all over the country so I can definitely help you with anything, tax or legal. Give my office a call 435-586-9366 ext 2024 :)
@reginogarcia5089 4 жыл бұрын
Nice video, new to all of this jargon but you helped me understand a lot and how to get started! Thanks
@MarkJKohler 4 жыл бұрын
Thanks! Keep on watching my videos and you will learn the jargon in no time!
@myleneballesteros8164 3 жыл бұрын
Wow! I learned a lot from you ! I should have stumbled on your video a year ago but I believe it’s not too late for my son’s future ..thank you for educating us and sharing what you know best! 🙏🙏
@mrwakeup1983 5 жыл бұрын
Excellent video once again Mark! Your info is priceless and the genuine enthusiasm is great. I’m overseas on a civilian defense contract for the Navy but when I return this fall your firm will be hearing from me for some LLC business. I definitely want to explore the self directed IRA.
@MarkJKohler 5 жыл бұрын
Thank you so so much for the kind words and for supporting me and what I do! I speak from the heart, spontaneously and sharing advice to protect people. My firm would love to have you as our new client and assist you with your LLC needs. Please reach out whenever you're ready 435-586-9366 ext 2024. If you're also interested in self-directed IRA, may I suggest you check out www.directedira.com. Mat Sorensen is a wonderful and knowledgeable SDIRA expert. They're running a special right now for $150 OFF FYI. Again, thank you for the comment!
@puffyelvis5895 3 жыл бұрын
This is blowing my mind. 15-20% gross margin for a business isn’t great. But 15-20% average for the market is in the realm of dreams.
@BybChanelBibene 4 жыл бұрын
You’re awesome man!! People, just save money, no matter what.
@johngonzalez7519 4 жыл бұрын
So wouldn’t you recommend already having money in a Roth and rolling it over to a self directed one? ( so that you can already have some money to play with as to opening it brand now and not having much in it?)
@cjgood 3 жыл бұрын
This is literally what I've been wondering about. The LLC owned by various IRAs is similar to what a hedge fund does - it's just private money investing with a manager for a fee. In this case, you are just having the IRA buy in. Interesting. I might be simplifying the whole thing too much!
@6HmongChannel 5 жыл бұрын
Is LLC can form identity as Partnership or S Corp and C corp by filing the form 2553? Can I use my LLC S corp business to open a trading account such IRA, trust account?
@MarkJKohler 5 жыл бұрын
No...Sorry. First, there's more forms involved with an LLC than just 2553. That's specific to the S-Election. And...your IRA or Trust Account can't be owned by an IRA. But again, I may not be understanding your goal or question. I would HIGHLY suggest a 20-30min call with one of my tax attorneys. We apply the time to the set-up of an LLC or it's just great advice to point you in the right direction. A little investment with a consult could pay off big time later. Please call my assistant Rosalie Phan and she can set you up. 435-586-9366. Thanks
@askgates 5 жыл бұрын
I am in my 30's and have stash, acorns, Robinhood, crypto, custodian account and a Roth IRA. I never knew that this was possible... great part 1 and part 2. You gained a sub and I am checking on the website! Appreciate the video. Keep the content coming.
@MarkJKohler 5 жыл бұрын
Wow keep it up Gates! It IS possible! Thank you for subscribing. If you ever need any tax or legal support, I would love to be of service. Just call 435-586-9366 ext 2024
@askgates 5 жыл бұрын
@@MarkJKohler thanks for the reply and the great content. I will definitely be in touch if I have any questions. Keep the videos coming, I have learned a lot over the last couple of days watching your videos 👍
@alanreyes6190 5 жыл бұрын
Really appreciate this, thank you!
@MarkJKohler 5 жыл бұрын
You're welcome! Thanks for watching!
@nelsondiaz4344 5 жыл бұрын
Mark, you're doing great! Keep instructing. I have Roth's, SOLO ROTHs and Golden ROTHs. Awesome stuff. If you think 10% is good, try 2000%. Real estate, businesses, precious metals, real estate paper!
@MarkJKohler 5 жыл бұрын
Thanks so much!!
@hannahhannah3331 3 жыл бұрын
Thank you so much Mark ! ❤️❤️❤️
@DaedalusCreative 4 жыл бұрын
Thanks, Mark. Be well!
@champ065 5 жыл бұрын
What if you make more then allowed to put directly into a Roth IRA. Do you have info about back door Roth?
@mtmmase3333333 5 жыл бұрын
😮wow thanks for the information you explain it so simple
@MarkJKohler 5 жыл бұрын
Thank you so much!
@ilovechocolate70 5 жыл бұрын
I am SO grateful for you!
@MarkJKohler 5 жыл бұрын
You're so kind. Thank you for watching :)
@airicagolden6200 4 жыл бұрын
Thank you for this information.
@juacha1011 5 жыл бұрын
Is it better to set up a Roth online or with your bank ? A self direct is typically done online?
@FuerstenbergE 4 жыл бұрын
Thank you so much for this info!!!
@MarkJKohler 4 жыл бұрын
You're welcome :)
@NGF-Life 5 жыл бұрын
Hi Mark, great video I learned a lot. I have a question about partnering with other LLC. For example, if I had the following setup: Partner 1 sd IRA LLC: 30% Partner 2 sd IRA LLC: 30% Partner 3 LLC: 40%. At the time of distribution, do I have to use the same percentage or would it be wrong if I choose this way to distribute? Partner 1 sd IRA LLC: 45% Partner 2 sd IRA LLC: 45% Partner 3 LLC: 10%.
@CelusKingFTW 4 жыл бұрын
An LLC set up through an IRA or HSA like this, can the LLC apply for it's own line of credit, or business loans? Or is it all based on the upfront investment? Also can you be an employee of it?
@alexsoto5546 3 жыл бұрын
Great Video! How does this work if the yearly cap for a roth ira is 6k?
@rayuia8499 4 жыл бұрын
Thank you for helping me out trying to figure things out man I appreciate you teaching me how to try to invest and save God bless you and many more blessings come your way
@MarkJKohler 4 жыл бұрын
Glad to help! please subscribe and share!!
@eyemanpb 4 жыл бұрын
Thank you so much for educating us!!! God bless you!!! Hope to consult you soon.
@MarkJKohler 4 жыл бұрын
You're very welcome! I appreciate the kind words!
@sharon4094 2 жыл бұрын
I love your energy!
@IcerDawn 5 жыл бұрын
So tempting! Are these LLCs reported on Sch C or 1065? Are your HSA account and your Roth account 50/50 owners of the LLC?
@MarkJKohler 5 жыл бұрын
Wow...lots of questions and 20 answers with options. Sometimes the LLCs don't have to report ANYWHERE...and they certainly won't on a Schedule C. May I suggest two things. First, my partners best selling book on the topic at www.sdirahandbook.com. Next, just get a brief consult with one of my attorneys. They can tailor your questions/answers to your situation and it will save you a ton. Call Rosalie Phan at 435-586-9366 to set something up. Thanks
@ivanthemisunderstood6940 4 жыл бұрын
This is incredible! I already have a Roth, will form an LLC a.s.a.p. and plan to invest in racehorses like you suggested! When that starts paying off, I plan to diversify into: lottery tickets, Fentanyl and arms sales to the Middle East! I'll probably be at $1M by Christmas...I'm so excited!
@bretmaki2110 4 жыл бұрын
Diversification pays off really well if done very meticulously. I prefer a more aggressive approach to the financial marke. Currently I have a managed portfolio with some huge 6 figures under the care on my financial adviser. Naomi Marie Dopson by name. She's a renowned and popular broker here in the US. My portfolio yeilds over 20% return monthly. I hope you're kicking as well!
@jerrydesu 5 жыл бұрын
Company match going into the same bucket as rounding up savings might confuse some - retirement account contributions need to be earned income.
@MarkJKohler 5 жыл бұрын
Well...it all comes down to good accounting in the Trust Account/401k Account. There can be contributions, Roth, Traditional, roll overs, different investments, etc... It's exciting but with the right design and support you can do it. Check out our 401k services at our lawfirm at www.kkoslawyers.com.
@Justinduffield 4 жыл бұрын
Great tips. Very helpful. Thanks!
@MarkJKohler 4 жыл бұрын
You're welcome! Thanks for watching!
@neptunezgal 3 жыл бұрын
Thanks for taking the time to give all this info. I am a little confused though. What do you mean they took their Roth and formed an LLC and bought tickets, etc etc? I thought you could not deduct from your Roth because there is a hefty penalty/taxes. Please clarify. Thanks so much.
@priscillareyes9966 4 жыл бұрын
Hi Mark, I was wondering if there is an equivalent rules for Canadians? I know the equivalent for roth ira is a tfsa, but how could I accomplish a self directed?
@Rooted4Life 4 жыл бұрын
Thanks, I'm checking that website out now!!
@MarkJKohler 4 жыл бұрын
Awesome :)
@alhavana9426 3 жыл бұрын
Thanks for the advice Mark I keep reading about INDEX FUNDS here and there are these a better instrument than a Roth IRA, do you have any info/videos on this ??
@pranav707007 4 ай бұрын
@Mark - few questions on your 10% ROR(Rate of Return): 1) is it Real rate of return ? 2) 10% is it pre or post inflation adjusted assuming 5% is inflation? 3) what about the protection from market down turn? During the growing years say you are in 40s or 50s, the market take a dip 30-40%, then you don’t significant years to recover or your annual real rate of return should be compensated with high % for the loss. Above example is best case scenario. But we know market can’t be best case. 4) is Roth 401k same as Roth IRA(Self Directed IRA)?
@aroldovillarreal7442 4 жыл бұрын
What are the benefits of creating an LLC owned by the IRA to invest rather than investing directly from the IRA? Also, if we want to set up that LLC structure, how do we go about contacting you for that?
@giovannam925 5 жыл бұрын
@markJkohler I am self employed and I dont have employees. Can I still work this process?
@moet131 4 жыл бұрын
Yes you can invest in an IRA. That has nothing to do with your business or whether you have employees.
@noy6184 4 жыл бұрын
So when I put in IRA. Will it invest as It would do in 401K?
@marinecadence 4 жыл бұрын
Thanks! Very helpful. Dont let the haters get you down
@MarkJKohler 4 жыл бұрын
Thank you so much!
@LeonaOnyx 2 жыл бұрын
You just blew my mind!!! 🤯🤯🤯
@girldaddividendinvestor 5 жыл бұрын
New subscriber. Amazing set of videos, on the path to be a retired millionaire!
@MachosAlfa1 3 жыл бұрын
Thank you for the free advice!!
@MarkJKohler 3 жыл бұрын
You bet!
@thenewone3944 2 жыл бұрын
are there other terms for time length? If so is there any chance to get that video if absent please
@jeffryferdian9556 5 жыл бұрын
They only allowed 6k per year on Roth IRA. Any advise on how to contribute more than 6k annually? Should we use different account other than Roth IRA?
@brendastepp614 4 жыл бұрын
Thank you, for well informing me!
@MarkJKohler 4 жыл бұрын
Thank you, for watching! (Hope you already subscribed too :) )
@brendastepp614 4 жыл бұрын
@@MarkJKohler I have!
@AllThingsTec 2 жыл бұрын
Great content. I have a quick question; in theory, if a self-directed 401k (Roth) creating an LLC offers consulting services (services to third parties/unaffiliated), will the revenue be tax-free given that all of the income is deposit back into the 401k bank account? Thanks!
@kikib3573 4 жыл бұрын
If your trying to set up a LLC to self direct what is the minimum you need to start with?
@usachiropractic 5 жыл бұрын
My. Roth allows me 7k in deposits a year. Can I open multiple Roth iras using multiple companies
@alrocky 5 жыл бұрын
Yes but you may only contribute $7,000 per year not per Roth account.
@MarkJKohler 5 жыл бұрын
Rocky nailed it. Correct.
@Aaron-bb9rt 4 жыл бұрын
Do you have a video on how to calculate your rate of return? I’m 22 and am looking to start my retirement fund and also looking to see (based off my return percentage), how much money I would need to contribute monthly to reach the 1M goal. Being new to investing, I’m not sure how to do so. I guess I would have to set up my plan first to get results, probably all depends on what securities I choose to invest in. Any help would be much appreciated, thanks!
@rbr4115 4 жыл бұрын
I found a gold mine. Thank you so much sir. Excellent advise.
@MarkJKohler 4 жыл бұрын
You're welcome. Thanks for watching!
@MetalBum 4 жыл бұрын
So for solo ROTH 401 k how do I max out as a rental property sole proprietor? Can I if I get rental income?
@michaelscott181 2 жыл бұрын
Amazing! thank you so much!
@MikeMcIntyreintechrity 5 жыл бұрын
This sounds really interesting. I run my own business (LLC) and once I pay off the IRS, later this year, I want to start investing $6k+ a month, plus start another side hustle with 100% of the profits also going to retirement (selling items on ebay). Can you guys assist and guide me? I don't have a 401k yet, but a vendor may be providing it soon, but wondering if there's a better way.
@Dr.A.Rosenberg 4 жыл бұрын
Most people haven't a clue on how to manage their finances when they're working let alone when they're retired !
@MarkJKohler 4 жыл бұрын
Why do you make this assumption about "most people"?
@Pola509 4 жыл бұрын
@@MarkJKohler It's the truth. Literally "most" people don't. At the end of your video..."knowledge is power"...great information, wish I would have done this when I was 20 instead of 30 :). Never too late to start though!
@era8382 5 жыл бұрын
Wow!! I love all the info you provide. Can you buy and sell real state with a self direct Roth IRA.
@MarkJKohler 5 жыл бұрын
Yes you can buy, invest or hold your real estate in your Roth IRA. You highly recommend you check out www.directedira.com
@stevesalier3982 3 жыл бұрын
Good content only issue is that the IRS severely limits IRA contributions by income so really the only option are Etfs, munies, etc.
@nelsonc1687 5 жыл бұрын
Good advise hope is true, thank God!
@MarkJKohler 5 жыл бұрын
Totally true. Check out my partners book on the topic of self-directing at www.sdirahandbook.com. The best selling book on the topic in the country.
@BernalAzul 2 жыл бұрын
I wish you explained all the letters you use, like LLL! Also,does directed IRA works for people in Canada?
@christinar553 3 жыл бұрын
Thank you so much for this golden information
@MarkJKohler 3 жыл бұрын
My pleasure
@tomasleiva5587 4 жыл бұрын
Hey, I really appreciate and like your first video I have passed it down to other family members. I don’t care if the numbers are not exact, I get the idea, the only think is what is a LIC, I have been googling it but I don’t see it anywhere, or so you mean LOC, line of credit?
@lazaromelofernandez9576 4 жыл бұрын
I will love you forever if you make a video about how I can invest the money in my Roth in my small business. Thank you
@mharie2 3 жыл бұрын
Mark, Where do I start investing? Where do I start to set up?
@j10001 2 жыл бұрын
Can you point us to an article explaining how the self-directed LLC you showed at 13:45 is _not_ considered self dealing? If that’s not, then what _is_ self dealing?
@marciebernard5037 3 жыл бұрын
What are the best Mutual funds within a Roth IRA to invest in for 2020 / predicted 2021 ?
@ChasingTheDream87 2 жыл бұрын
I have a question, I want to open an account, at the moment im going to keep my current 401k with my company up to the match, 6%, I would like to invest 7-8% additionally but to a roth IRA, im having trouble understanding how I build a portfolio by contriuting monthly to your stocks and mutual funds account, because the 7-8% will roughly be about 300 a month, and @ 35$ per trade + .003 of the stock, i feel like id be losing money by the end of the year, 35$+.003 per stock x 12 months. would it be better to build up some cash and do it all at once?
@lastboomer6164 3 жыл бұрын
can you be an employee of the LLC and take a paycheck for the management of your rental properties?
@ZumbaMyWorkout 3 жыл бұрын
@Mark J Kohler what's the calculation you're using to come up with the monthly investment numbers? What can I do if I already have a 401K and IRA balance but I'm not consistently contributing to my IRA? So basically I'm not starting at 0 at my age.
@MarkJKohler 3 жыл бұрын
Try out my IRA Investment Calculator on my website and see if that helps: markjkohler.com/calc/investment.html. Just start getting consistent now with your contributions. You'll thank yourself later, trust me! Use the calculator I sent you to figure out how much you need need to be contributing now at your age. Hope this helps!
@leapadaoan2263 4 жыл бұрын
I just hit subscribed😇 u r my angel sir
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