How to invest for retirement in your 40s.

Рет қаралды 153,631

6 жыл бұрын

If you are looking to invest for retirement and you are about 40 then we have some numbers for you! Here is a breakdown of exactly how much you would need to invest in a Roth IRA if you are age 40.
Investing for retirement gets more and more difficult the more you age so its important that you start your savings plan early.
Our retirement investment plan today will include inflation as well as post retirement income and growth expectations. Keep in mind that the longer you wait to invest for retirement the more money you need to save. Time is on your side and every investment dollar counts.
We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments and, using NestEgg we can help you with every penny!
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Investment related questions 📧 Dustin@JazzWealth.com
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Пікірлер: 362

@nwachukwuchionyere 29 күн бұрын

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

@FlorentGulliver 29 күн бұрын

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes...

@nwachukwuchionyere 29 күн бұрын

@@FlorentGulliver That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

@FlorentGulliver 29 күн бұрын

@@nwachukwuchionyere My advisor is Victoria Carmen Santaella;

@FlorentGulliver 29 күн бұрын

You can look her up online

@SantiagoWyatt- 29 күн бұрын

@@FlorentGulliver The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

@ramonfred Жыл бұрын

I was in my mid 40s before I looked at my retirement and what I had to do about it. I was renting and had no pension. I was lucky to come across the ads of a company called "ferrochrome securities" They organised my wrecked finances and made me set priorities. First on my list was sorting a home that I would own when I hit 60. Then looked at how much I would need if I wanted to retire at 60. This gave me my goal, and I am happy to say that 10 years later, and 5 years from retirement I am on track. Amongst the few things they helped me to realise was adjusting my IRA, inputting capital into annuities, corporate bonds and other securities and leaving them to compound and grow. It's pretty exciting once you start the journey!

@flemmingbrooke Жыл бұрын

The pandemic has shown us just how quickly decades of planning, investing and saving can be completely upended. This could mean your current financial plan might leave you without enough money to last your retirement. A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.

@sherryie2 Жыл бұрын

In other words, an advisor-managed portfolio would average 8% annualised growth over a 25-year period, compared to 5% from a self-managed portfolio

@rickertcoles Жыл бұрын

@@laportafrank Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

@rickertcoles Жыл бұрын

@@laportafrank I looked up your advisor's full name and she appears to be trustworthy and knowledgeable. She is a fiduciary who acts in any individual's best interests. So I left a message on her website, and I'm hoping she responds soon.

@Martin-og9zg 6 ай бұрын

@@rickertcolesinvest your Holiday pay in a Roth IRA. Also consider an IUL.

@paigehuston2060 Жыл бұрын

I wasn't financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.

@tahirisaid2693 7 ай бұрын

Saving typically results in you earning a lower return but with virtually no risk. In contrast, investing allows you the opportunity to earn a higher return, but you take on the risk of loss in order to do so

@MIchaelGuzman737 Жыл 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.

@greekbarrios Жыл бұрын

Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.

@Ammo-Hoarder Жыл бұрын

@@greekbarrios Yeah, financial advisors could make a lot of difference, particularly in a market such as this. Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look. I have been using an CFP since 2019, and I return at least $620k ROI, and this does not include capital gain.

@kashkat987 Жыл бұрын

@@Ammo-Hoarder Is there any chance you could recommend who you work with? I've wanted to make this switch for a very long time now, but I've been very hesitant about. I'll appreciate any recommendation.

@Ammo-Hoarder Жыл бұрын

Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "JILL MARIE CARROLL" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.

@kashkat987 Жыл бұрын

This is useful information; I copied her full name and pasted it into my browser; her website popped up immediately and her qualifications are excellent; thanks for sharing.

@charlesbeckham9732 3 жыл бұрын

I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet, I am few years closer to my retirement schedule

@JB-mb6lm 2 жыл бұрын

Keep workin at it you'll be fine

@constanciacollene9585 Жыл бұрын

I'm surprised you know her too. I've been making a lot of profits learning and investing with her for a few months now.

@constanciacollene9585 Жыл бұрын

Teresa Jensen White is one of the best mentor/trader I have ever worked with in the past few years, she knows how best to deal with whatever market situation.

@linnesonreddy7492 6 жыл бұрын

Instead of teaching us the cube root of pi they should be teaching this stuff in schools

@Jazzwealth 6 жыл бұрын

Amen!

@Simon-je7ko 6 жыл бұрын

Jazz Wealth Managers I agree with that. At school you learn too much nonsense. If I knew that. Today I would have more money and travel more. Just an example...

@Simon-je7ko 6 жыл бұрын

Linneson Reddy at school the pi root was soo important. I never use that in real life.

@cmjcj2ktn 5 жыл бұрын

I have said for years that our society would be so different if they taught personal finance and economics starting at the junior high level.

@jerrygfan 5 жыл бұрын

I bet if you put together a 30-60 minute presentation, your local high school would let you present it to students. It may be after school, and totally voluntary, but they'd let you. You could start the financial revolution in your area.

@bendossantos783 6 жыл бұрын

I am 8 years old and want to start investing so I could retire by the time I am 21.

@Jazzwealth 6 жыл бұрын

Retire by party age... I like it! :)

@eclecticemissary 6 жыл бұрын

That's what I like to hear man. just don't get student loan debt, don't buy an expensive car, invest 60% of your income in S&P 500 indexes, house hack a duplex and start an online business and you'll be good to go.

@jordantrae2280 6 жыл бұрын

if you want o be wise enough to retire by 21, may want to either stop posing as an 8 yr old or stop posting your name online as an 8 y/o

@benedit71 6 жыл бұрын

Jordan Trae You mean it is possible? WOW thanks

@eclecticemissary 6 жыл бұрын

lol you already got haters man its a good start.

@Fizyxx 5 жыл бұрын

You are a great guy. Thanks for the info.

@Jazzwealth 5 жыл бұрын

Thanks for watching!

@jimmyjoseph4509 6 жыл бұрын

I’m 35 and I have 100k in my retirement save now 22%

@sha_la007 6 жыл бұрын

AWESOME JOB!!! I am getting close to 40 (this year). 401K plus my Roth I'm at about 120k. I hope to increase my 401k to another 2% next year (15% total). I took my merit instead of placing it in my 401k this time around because I am getting married. I will be back on track as soon as the wedding is over.

@jordantrae2280 6 жыл бұрын

good job. If you are legit, please take time to reach out and help others understand the importance of saving while young.

@John-hw3ds 6 жыл бұрын

You are doing awesome, keep it up! Make sure its diversified to guard against a market crash. My story from when I was your age. I was always a good saver and thought i was doing well at investing in my retirement fund. In 2005 I was 33 had 30+k in savings/checking, and 70k in an IRA index fund and no debt. Long story short, bought a house in 05, housing market crashed in 06, and in 08 the stock market crashed, by 2010 my IRA was worth 35k, the house was sold, my bank account was zero, and debt around 15k. The 30k in my bank account, and 15k debt all went into the house. I took a thrashing...LOL! Even through all that I kept being a saver, and doing just fine today!

@jessicaalbret9851 5 жыл бұрын

@@John-hw3ds What a story man. I'm just glad you got back on your feet. What do you invest in right now?

@ameliajuan3127 3 жыл бұрын

I found this honest and want to share I never believe in forex trading, until I got my profit of $44,020 through forex trading with the help of Mr Nicholas Myron on Instagram @nicholas__fxtrade

@Sean-jb5gi 5 жыл бұрын

Started at 19 with my 401K but really got serious at 24/25 and im 33 now and want to go back in time and thank the 24 year old version of mayself

@miguelgarcia-vg1fh 5 жыл бұрын

I’m 23 years old and not doing bad in 401k. How much did you percent did you invest at 23?

@jamesssss621 3 жыл бұрын

That is awesome Sean!

@teemiller7499 5 жыл бұрын

Omg I’m in trouble! “Never too late is the saying. Loved the video and comments. Wish me luck!!😳

@jessicaalbret9851 5 жыл бұрын

Good luck. What are you planning on investing on?

@ameliajuan3127 3 жыл бұрын

I found this honest and want to share I never believe in forex trading, until I got my profit of $44,020 through forex trading with the help of Mr Nicholas Myron on Instagram @nicholas__fxtrade

@cstone605 3 жыл бұрын

I hope you found (the come up series) on KZfaq like I did. Change of life

@jacobwilliams1319 3 жыл бұрын

@@ameliajuan3127 noo

@jacobwilliams1319 3 жыл бұрын

@@ameliajuan3127 it a scam I'm in the military took all our money

@livinglife7042 6 жыл бұрын

Wow that’s a great break down are you considered a fiduciary I heard that on one of the videos I am looking for one

@Jazzwealth 6 жыл бұрын

Hey thanks! We are 100% Fiduciaries and passionate about keeping it that way. We have nothing to sell but ourselves :)

@superslyfoxx1 6 жыл бұрын

Do you help with allocation in 401Ks as well? Good to know the information above.

@shamariv 5 жыл бұрын

“I HOPE THAT THAT 401k has a MATCH if NOT!? GO GET ANOTHER JOB” AGREE 💯 % 😂

@DarrinSK 10 ай бұрын

What if you're 40 and have nothing and are just starting?... time to go after more aggressive investments?

@stanley19430 6 жыл бұрын

Age 27 with 57k in retirement (both individual 401k and IRA)

@Jazzwealth 6 жыл бұрын

+chan stanley looking good Stanley

@BB-nq1ps Жыл бұрын

At 6:40 how did you factor the 350$ a month to go in the Roth? How was it calculated? Makes no sense. Also, why 350 instead of investing for the max?

@evelisbin4816 Жыл бұрын

Hi. 39 here. Would love some investment advice!

@Sweetdaddy415 6 жыл бұрын

Im 40 yrs old my job provides a pension plan. My other co workers have a deferred comp account as well. Should I look into getting one too. Or is my pension plan good enough?

@Jazzwealth 6 жыл бұрын

Depends on what you need and what they offer you. Doesn't hurt to take a look.

@kahflo6944 6 жыл бұрын

Also 40 plus my job(state job)has forced retirement. I'm also contributing to a defered comp plan not performing well thinking about withdrawing it and investing in Vanguard

@christophe3776 5 жыл бұрын

Im in the same boat. State employee with a pension plan. I started contributing to a deferred comp plan also. A pension is great but you never know. I think about those poor folks in Detroit and how they got screwed. Tax savings on the deferred comp is a bonus. Most likely your deferred comp will have you in one of those retire by such and such date plans by default. I switched to an index fund. Better rate of return, lower expense ratio. Additionally it was rated as less risk to boot.

@travelsquadd 5 жыл бұрын

I'm gonna hope I lived a good life and dead by retirement (67)😳😳I see so many old people who cant retire...smh...its my fault, I'm 38 and been told to invest in a roth... I like most...dont have the funds

@jessicaalbret9851 5 жыл бұрын

Where are you from? I can point you in the right direction from where you can generate reasonable startup funds

@ViajanteSemRoteiro 3 жыл бұрын

🤣🤣🤣Best Comment 🙌🏾 Same situation...

@kashfortheking 3 жыл бұрын

I’m 40 working 2 jobs to make this happen. It can be done

@toddstrong6902 5 жыл бұрын

How about 50? I'm 47 now so I'd be interested how much I need to save in the near future!

@known3617 4 жыл бұрын

If you're single you only need $50000 a year to live without any worry ( that is you live in reasonably priced geographic location ). So at 50 years old which is 2 years away you need to have 1.25 million dollars if you live to 75 which is average. Honestly I would recommend 2 million since more is better in the long run and what happens if you live to be 100?

@hawaiianmango4556 2 жыл бұрын

@@known3617 who needs that much money when you’re that old? What do you plan on spending it on every month?? Floating around on same dumb Cruise Ship hoping to get laid? Pass... I could easily live on 30,000 a year, I could care less about traveling and the yada yada traditional retirement crap. Just not having to get up to meet another damn deadline would be a dream come true. I plan on isolating from the total BS society pushes on people. If I get sick, I’ll have a rope and end it.

@jarronellis5801 6 жыл бұрын

Good video very informative I’m 46 have done work to do

@Jazzwealth 6 жыл бұрын

+Jarron Ellis get to it!

@cinthssucession 4 жыл бұрын

Hi 😊

@Buggen-Out-Yo Жыл бұрын

I’m 47 and have 25k in credit card debt just started a 401k save nothing before lost money in 08 gave up on saving. What do I need to put away for retirement a month in 401k and still pay my credit card debt

@skittles2055 Жыл бұрын

Been there. That credit card debt is like killer quick sand. Do you by chance have equity in a home that you could do a ‘cash out refinance’ to pay off the credit card debt? That way you could have like a 7% (or whatever refi rates are these days) interest instead of what is probably double triple or quadruple that rate on the credit cards that are so damn tough to get paid down

@jenniferheredia8504 5 жыл бұрын

I just subscribed to your channel and I must say I love your videos, I am in my late 30's and I don't have a 401k. Can you do a video for a person starting from scratch?

@MisterTwo92 6 жыл бұрын

35 and only have 45K in savings. Going to start a Roth IRA very soon.

@Jazzwealth 6 жыл бұрын

Sounds good! Keep us in mind if you want help!

@bluebattery7689 6 жыл бұрын

I just turned 18 and put $200 in a roth IRA but not sure what to put my investments into in the Roth

@Jazzwealth 6 жыл бұрын

Exactly why we started jazz ;)

@robd1859 Жыл бұрын

I saw where you were talking about How $50,000 a year in return on investment interest would be taxed at 22% at 4:47 but I hate to bust your bubble but you're incorrect. Capital gains tax is usually between 10 and 15% and that's at most. And that's if you've got a crazy amount of money coming in. Capital gains tax is not taxed at the same rate as regular income.

@OLDBD1 Жыл бұрын

Thanks for all you do …. This just showed me … It’s all bad for me .

@toughfff712 Жыл бұрын

Or it is time to start looking for a change, something that will help in retirement

@Cohobapr 5 жыл бұрын

I’m 33 how much do I have to put to start and then monthly?

@eclecticemissary 6 жыл бұрын

I'm 26 and about to pay off all student loan and car debt with about 30k in retirement accounts (401k, Roth IRA). plan on investing 65% of income into index funds and also real estate to retire by 35.

@NicE-jq3wv 5 жыл бұрын

Eclectic Emissary you’re golden. If your plan changes, you’ll only be better off. Stay the course

@TheChris33709 6 жыл бұрын

How should we be investing in our 40s (i'm 44) aggressively still, moderately aggressive...

@Jazzwealth 6 жыл бұрын

+Bubba Fatt sorry...yes aggressive to moderate depending on the rest of your investments and finances

@John-hw3ds 6 жыл бұрын

That is always a tough question, and its different for everybody, as we all have different pay, debts, taxes, cost of living...etc. I'm 44 and here is what I do: 1) Max out my employer matching 401k in an common stock index fund(85%), Government bonds (15%). I put in 5% employer matches up to 4%. 2) Save, Save, Save! Be a good saver. Saving/checking i capped at 6 months pay, now that money goes into my once a year premium for item #3. 3) 500k whole life insurance policy. This is now my savings account that I will draw from tax free in retirement. ****DO LOTS OF HOMEWORK BEFORE YOU COMMIT TO THIS, its LONG TERM**** and there are LOTS of bad deals, and lots of rules that go along with them. 5) Lastly, ETF's in a Blackrock brokerage account.

@lgee9027 6 жыл бұрын

Can you do this a video for a 50 year old

@ameliajuan3127 3 жыл бұрын

I found this honest and want to share I never believe in forex trading, until I got my profit of $44,020 through forex trading with the help of Mr Nicholas Myron on Instagram @nicholas__fxtrade

@eloisaferruzola3680 3 жыл бұрын

Yes😬

@LK-rd8xx 5 жыл бұрын

I'm 39 and just started my 401k. My company matches 8% so I'm understanding I need another $350 a month in a Roth IRA? Currently only about $130 per check goes to my 401k. This video is very helpful thank you

@travelingfoodie9876 5 жыл бұрын

I'm 37 and have 35,000 in a 401K, job matches 4% and I only take home $45k/annually. I invest 6% in 401k and 4% in ROTH. I don't take home a lot of money but somehow making it work. How am I doing? Could contribute more or less in either account?

@dulcecaramelo23 5 жыл бұрын

I'm 40 and I want to cry - I wasted so much time, but hopefully can change that soon!

@jessicaalbret9851 5 жыл бұрын

I admire the drive. It's never too late lady. What are you looking to invest in?

@WaddyCPGA 3 жыл бұрын

I am 39 and about to choose a savings plan. Any advice to start with?

@redpilllense7125 5 жыл бұрын

Great video! Where's the best place to open up a Roth IRA? I'm 46 and recently divorced. Forget dating! I need to retire comfortably. Please help 😬

@Jazzwealth 5 жыл бұрын

Hahaha... Funny. Well we are biased but would say jazz wealth ;)

@bryanhill2509 6 жыл бұрын

If I want to move my money to your firm and have you invest on my behalf, but I'm already working with someone what do i need to do? I don't want to have the akward "you're fired" conversation. Things have been going well, but I like that you are a teacher and I can see that you know your stuff.

@Jazzwealth 6 жыл бұрын

+bryan hill leave it to us. We'll take care of it for you ;)

@johngalt1027 6 жыл бұрын

I'm 40. I add $1000 a week to my retirement. Next year, $1350 a week. At 50, I'm buying a sailboat and leaving the USA. Imo, people have spending problems.

@Jazzwealth 6 жыл бұрын

I remember you! Come sail away...

@BossBoss-jw6uj 5 жыл бұрын

Please, I need help. I want to start this roth IRA. Where do I open this account? And do I have to spread it through 4 investment accounts. I'm 41 and I want to start now. Please help!!!

@joseb1647 6 жыл бұрын

Man. The more I see from you. The more I think I should have started earlier I'm 39 now with 69K in 401. I'm so deep in debt I don't even know how I have managed that would love to do more but I'm so past broke too much debt.

@Jazzwealth 6 жыл бұрын

+Jo Bo ouch...one step at a time. You can work your way out of it

@ebm1615 6 жыл бұрын

Not sure were you got your numbers from on the second half of video

@hernstv 5 жыл бұрын

I'm 50 no savings. Have a house outside USA. An $800 monthly pension will pay a maid, drive a car and go for vacation.

@jessicaalbret9851 5 жыл бұрын

Have you other investments aside the house?

@cvbrotha11 5 жыл бұрын

Great video Dustin. This is where I'm at. I don't have a 401k but instead TSP. I'm going to max out that Roth every year and eventually my TSP.

@alrocky 5 жыл бұрын

You putting at least 5% into your TSP every pay check, aren't you?

@arleneaugustahair8393 5 жыл бұрын

Go for it! If you’re in the military you can open an account at Navy Federal Credit Union and start your Roth IRA. They are doing a special this month on IRAs and ESAs for 40 months.

@Benmeglei1 Жыл бұрын

Inflation at 3%? Ok got that.

@qjbaker 5 жыл бұрын

Hello. I’m 43 (no retirement savings) I have a recent Master of Health Administration degree I’m struggling to make use of currently employed in temporary position as Licenses Health Insurance Benedict Consultant. I’m thinking I need 1) a Matched 401(k) 2) ROTH IRA adding $458 per month 3) Emergency Savings account building 6-12 months of cost of living 4) Two whole life policies, one for final expenses and one as a savings vehicle. I’d greatly appreciate your thoughts.

@gold9ja 2 жыл бұрын

Definitely open a Roth IRA and emergency fund

@fraliexb 6 жыл бұрын

I'm 39 y/o. No prior 401k saved. I just began working for a company with 401k with a match of 50% up to 6%. Not qualified for it yet but next month I'll be eligible. Planning on doing 10% investing on it. I just began a Roth IRA with you all this week. Planning on depositing $200 per check (biweekly) in to it. Fingers crossed for retirement. Lol

@renanuneza8932 5 жыл бұрын

We have the same scenario except I’m 35

@rgood1204 3 жыл бұрын

Brent F- how is it going for your savings? Are you able to increase the amounts saved? Good luck..

@jmarie7405 2 жыл бұрын

50% match on 401k???!!!! Lmao

@michelerenem 2 жыл бұрын

@@jmarie7405 up to 6%... You make yourself look extremely stupid.

@PerryUnlikely 5 жыл бұрын

Great content

@fmxmyway Жыл бұрын

I like how your videos have all your clients die at a specific age. What happens if they live past 86?

@jhonnyduenas810 6 жыл бұрын

I'm 21 and thinking of putting 100 a month in a Roth IRA ,should i? I've seen ROI of 7% and i want to to at least find one of 10-12%

@Jazzwealth 6 жыл бұрын

+Devin Plocker a Roth IRA is not what returns your gains. It's the investments inside of it. At your age I agree you should be aggressive. If you need help we're here for you.

@jhonnyduenas810 6 жыл бұрын

I'll take you up on that offer ,I mean if you have time to deal with a peasant like me lol

@hmagdgtr34 6 жыл бұрын

Jazz Wealth Managers i am interested as putting monthly contribution of 200 a month in roth ira. how do i get started

@NicE-jq3wv 5 жыл бұрын

At age 21 the answer to any type of investment option is YES!! You have the magic of time on your hands. Use it or lose it. Once it’s gone, the magic is gone forever.

@doloresnunez4931 4 жыл бұрын

I'm 44 I have a 401k to rollover but want the best source I currently have 17g in the 401k

@oscarvsantos 5 жыл бұрын

Hey. I’m 34 and don’t have anything saved up. I have like 5000 in savings. I would like to start saving aggressively into roth or a retirement account. There’s roth IRA at Pentagon...should I start putting in money into that account and that’s it? Thanks

@back2the80s 3 жыл бұрын

You just said u have no savings. What do you call $5000?

@gold9ja 2 жыл бұрын

You should definitely open that Roth IRA, if you haven’t opened one yet.

@AdamAdam-zg8jl Жыл бұрын

Are you sure you are going to live till you reach 67?

@lewdaniels1128 6 жыл бұрын

I’m 18 but I’m I have second job that I use to save for retirement still looking for ways to invest my earned income from my second job

@Jazzwealth 6 жыл бұрын

Good for you! You won't regret it!

@jessicaalbret9851 5 жыл бұрын

Have you began investing? I can make you a few suggestions

@TomTom-gn9mp 4 жыл бұрын

Wow, there are a lot of 43 year olds in the comments!

@jeckellstallworth 6 жыл бұрын

Great video. Question: if you are self employed and have waited until 40 to start saving, what investments would you recommend?

@Jazzwealth 6 жыл бұрын

Maybe the SEP IRA so you can play catch up?

@jessicaalbret9851 5 жыл бұрын

Have you got any idea about FX?

@skittles2055 Жыл бұрын

Check out SCHD and VOO

@daxdarcen1719 4 жыл бұрын

I would like to retire at age 40. Which retirement account should I pick?

@MrPennstate2014 Жыл бұрын

If you're retiring at 40, don't put money in a retirement account. Put it in a taxable account. There are penalties for taking money out of retirement account prior to certain ages.

@danielluster732 3 жыл бұрын

I love to retire to Italy sometime in the future. :-)

@milo74156 6 жыл бұрын

300 a paycheck getting paid weekly 1200 a month

@JasonH6978 6 жыл бұрын

$300 per check, extra $20k earnings, work bonuses...what alternate world is this you speak of?

@Jazzwealth 6 жыл бұрын

One you might want to be a part of ;) Everyone is different for sure. You do what you can and keep at it!

@katovomkozies 6 жыл бұрын

To all the youmg savers out there....I'm 37 with $470k in 401k & Roths...Another $120k in brokerage account...Honestly wasnt difficult at all (25% of my pay into index funds, thats it). I plan to stop working at 50...Just get going and trust in the process

@Jazzwealth 6 жыл бұрын

Oh thanks so much for sharing! Very nice!

@mbekka1 5 жыл бұрын

Cut the crap and lies , what a bunch of BS... lol

@theGrayArea2 3 жыл бұрын

What is the strategy if someone is...and wants 1 million dollars by age 67, if possible. 40 years old, doesn’t have access to 401k bc they are self employed and only has traditional or Roth access, currently setup in Roth IRA and have about 20k in it at moment. 6k maximum current contribution let’s assume will max out for years to follow...

@veronicacardenas6668 4 жыл бұрын

What about 403 b plan retirement with fidelity

@VICTORIASAYERS2040 4 жыл бұрын

Hi Jazz, would you recommend this for a 45 year old that is just starting out in investing as well?

@johngriffith6266 3 жыл бұрын

Tony Sayers yes

@back2the80s 3 жыл бұрын

And if you have nothing at 40 to start?

@erniemays1840 4 жыл бұрын

Hi, I'm 41 years old I have about 76,000 in my 457. Can I transfer that to a Roth ira?

@johngriffith6266 3 жыл бұрын

ernie mays You should just start a Roth IRA and just contribute $6k for this year and another $6k starting in January.

@erniemays1840 3 жыл бұрын

@@johngriffith6266 thank you so very much! I appreciate it.

@STILLPHENOM 6 жыл бұрын

40, 0 in retirement savings. About 15k in debts. Am I screwed?

@Jazzwealth 6 жыл бұрын

Only if you don't do something about it. You know where to find me ;)

@sheresejames-grow1779 5 жыл бұрын

I might be screwed with you, lol....but I'm trying to get out.

@arleneaugustahair8393 5 жыл бұрын

Nope! You can get stated now. Work on paying off your debt little by little, using the Snowball Method or Avalanche Method. You can start a Roth IRA and invest a little into it until your debt is paid off.

@blackjag121 5 жыл бұрын

I’m turning 40 and want to know is 400 every two week a good start for my 401k?

@jessicaalbret9851 5 жыл бұрын

I'd say $400 is a little too little. What other minimal investments are you open to?

@Aceman-rz8it 6 жыл бұрын

OK. I’m 46 and just got scared on your video. LOL I would like to retire as soon as possable personally I have $28000 in a 401 & 1500 in a ROTH IRA. But the more I contribute to my retirement the harder it is for me and my family. I am the only income at the time. I just don’t see it happening for me.

@Jazzwealth 6 жыл бұрын

You will get there. You just may have to think of the big picture finance's not just your retirement accounts

@Aceman-rz8it 6 жыл бұрын

That's sounds good but I really don't know what that means anymore. Making a budget and fixing life's unexpected problems is to much. I feel like i'm trying to squeezing an orange that's already dried out.

@JohnVHRC 6 жыл бұрын

What about people that don't make enough to put those big numbers in the bank. Just not possible.

@Jazzwealth 6 жыл бұрын

It's just an example. You invest for you, not because we made a video on a specific number ;)

@JohnVHRC 6 жыл бұрын

Jazz Wealth Managers understood. But the fact remains. The end game numbers are what they are. Thanks for the motivating vids.

@MrPennstate2014 Жыл бұрын

The answer? Aggressively.

@michaelak1416 5 жыл бұрын

We are 45/46, about 100g in 401ks (wife and myself). Our house will be paid off in 10 months. We have both had health issues and are wanting to retire asap....lol. After our house is paid off we will live off one income as much as possible.....the question is. When can we retire at 70K a year combined....(or are we NUTS)

@jessicaalbret9851 5 жыл бұрын

You sure can. it all lies on your money management skill. Have you other investments?

@balkee42 Жыл бұрын

Im 42. 60k in savings. How screwed am i

@Jazzwealth Жыл бұрын

Maybe slightly less than a light bulb 😜

@jrbalmir4958 5 жыл бұрын

I’m 43. 15k already saved. 10% contribution to 401k per pay= $400 mth. 401k matched at 100% . I want to retire at 63. Am I doing ok? How much would I have for retirement?

@jasonmolihan61 6 жыл бұрын

My return of investment isn't close to 7%. I remember back in the day when I set up my 401k, they give you 3 options, aggressive, moderate, and low risk. I took the low risk. I'm afraid to make a change, but I'm starting to realize I almost have to. What should be my next move?

@Jazzwealth 6 жыл бұрын

yes you need to be aggressive when you are young. It gets really hard as you age if you have to play catch up.

@alrocky 5 жыл бұрын

You should contribute at least enough to receive the company match in your 401(k). As a rule of thumb you should aim to invest at least 10% of income toward retirement, more for the better chance of getting a higher 401(k) / IRA balance at retirement.

@Linkmarine777 5 жыл бұрын

Everyone here listening to his advice and I'm over here wondering why he keeps putting on/taking off the cap for his marker. Leave it off!!! Youre driving me nuts😂

@valhersh1703 5 жыл бұрын

I like that sound!

@darkman35 5 жыл бұрын

I'm 30 years old with 148k in my 401k... I will max it out every year until I retire. I'm thinking of getting a Roth IRA and was wondering would that be overkill?

@Jazzwealth 5 жыл бұрын

depends on what your end goal is... thanks for watching!

@arleneaugustahair8393 5 жыл бұрын

It will not be an overkill! Go for it!

@insidiousstyle Жыл бұрын

Can you have more than one Roth ?

@TheAndrus1985 5 жыл бұрын

should you be putting in 401k if company doesnt match

@Jazzwealth 5 жыл бұрын

If no match then I would start with outside accounts

@TheAndrus1985 5 жыл бұрын

@@Jazzwealth So if i maxed out both my wife and I Roth's every year it would be ok to max out 401K?

@fieldofdreams1986 5 жыл бұрын

Not trying to overstep Dustin: However: I would invest a minimal of $50 per month (if your "house rich" and not cash rich). If your 40 and up.

@goldisrealmoney6658 4 жыл бұрын

Does gold count ?

@sugarskullgaming6739 5 жыл бұрын

God I love this channel

@mptorecon 2 жыл бұрын

46 I have $16,500 in a 401K, I’m contributing 16% per pay period ($351 x 26), where will this get me by age 65?

@noep99 6 жыл бұрын

What a great Video, I’m 50 now and my 401k is 42k, there is no ways for me to get $Million when I retired, I’m running way behind, Young people, watch this video Cheers’

@victorquintana622 3 жыл бұрын

Invest in other areas as well!

@cstone605 4 жыл бұрын

I'm 42 and just now getting started I get a pension. But I want to start a roth Ira now. Where do I start stock wise? How many stocks should I have or just grab 4 or 5 Vanguards and go from there?

@johngriffith6266 3 жыл бұрын

40&FIT Should look into a target date fund or an index fund like total stock market or s&p 500.

@nboothful 4 жыл бұрын

42 here. made every mistake. not my fault. I have a SEP IRA barely funded and a tiny 401k from past employer not matched :( some savings. I can live cheap in retirement. hoping for invest plus SSI by 63-67 depending on health. Where do I go from here?

@markwelch7125 6 жыл бұрын

Under 40 but seriously need to get started. These videos put things very much in perspective.

@jessebrueshaber6915 5 жыл бұрын

Mark, I agree with you. I'm 41 & need to save more for retirement.

@michaelspitalieri5254 5 жыл бұрын

I love your video it was very good teaching how to invest in your money and save for your retirement thanks for the advice I don’t Think 🤔 it’s a good idea to do this with banks 🏦 that my own personal opinion they love tricking you so they Could make interest off your money and so they could take all your money Again thanks for the video I appreciate it.

@Jazzwealth 5 жыл бұрын

Thanks for watching!

@jessicaalbret9851 5 жыл бұрын

Very true. I've never counted money in the bank as an investment. It yields very little or no returns atall. For me, my favorite remains investment in Options and Forex. Thanks to good Strategy and great mentorship. I'm already making huge returns even as a newbie

@danwitzke-yourfinancialhea8995 5 жыл бұрын

Retirement planning is key, but how can you increase your odds of hitting your goals? Time to get selfish @

@marketbeans 5 жыл бұрын

Thanks great video I think it would help people understand a bit better if you showed the maths calculated on an excel spreadsheet showing the progress each each year from age 40 to age 67

@luule2121 3 жыл бұрын

Hi, I’m 42 years old and no save at all 😭😭😭 help me please

@nikkineal6431 4 жыл бұрын

My husband will be 40 next year and we don’t have anything saved for retirement. We plan on saving like the FIRE community so that he can retire on time. :)

@victorquintana622 3 жыл бұрын

Don’t just save but invest as well! You will lose money with just savings since the interest in it is so low and inflation grows at a higher rate!

@back2the80s 3 жыл бұрын

Victor Quintana need savings built up as well to prevent dipping into retirement

@foxrox261 4 жыл бұрын

Yikes. I’m 42. Started a Roth at 23 yrs old and it is not diversified! It’s basically a savings account. Sighs... I need to get on this amASAP

@crystalplus2 3 жыл бұрын

I had a job once that offered a 401k. I don't remember the details. After 2 years there was $400 in it after putting into it what I could afford and still be able to pay bills and live. I'm not sure how to save like that making 13.00 an hour with 2 kids and a mortgage. I keep putting away in my savings instead so I have easy access to it in case shit hits the fan and I need it.

@Carpfish29 5 жыл бұрын

Great video! I turn 40 this year! Had some mishaps in life but Just started my 401k this year. I think that if you can afford to pay the IRS then you should at least match what they are pulling out or the maximum $18500 contribution limit! It’s funny how people say I can’t afford to invest in my 401(k) but yet they have brand new cars they drive a $200 a month cell phone bill satellite TV boat or camper but yet they don’t put any money into their 401(k) because they can’t afford it I used to be one of these people now I make sure my 401(k) is first priority!

@jessicaalbret9851 5 жыл бұрын

Good. And have you other investments?

@skittles2055 Жыл бұрын

Check out putting SCHD into a Roth IRA