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?

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.

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.-

Self-Directing methods caught my attention. Thanks Mark!

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!

Man this guy is a saint. Your effort and time is greatly appreciated sir.

Thank you for sharing your time, effort and knowledge about this topic. This is gold!

Thank you for giving!!!!! (You are doing the service for all of us)

Great part 2 Mark keep up the good work!

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.

Can you do a more detailed video in self directing and setting up an LLC? This is a concept that’s new to me.

You sir are a genius. Appreciate the hard work you’re doing.

This right here has helped me 100%. Thank you, and you got a sub.

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.

Great info. There is just so much as a newbie it’s overwhelming to grasp all the concepts.

Thank you! This information is awesome, and free!

I love your energy!

I like this guy answering those comments

You just got a new sub today, thank you for these videos!

Love your enthusiasm Mark! A lot of good information.

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!

@14:50 the realness really shines through.. I can see there is no BS.. Thanks for the tips.. Roth IRA here I come!

Thank you so much Mark ! ❤️❤️❤️

Really appreciate this, thank you!

Love this man energy!

Thank you for this information.

Thank you so much for this info!!!

Absolutely fantastic insight and options to get really invested for the future!! Thanks

Thanks, Mark. Be well!

I am SO grateful for you!

Amazing! thank you so much!

Currently loving Acorns, Lets just hope they last as a company.

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.

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 👏🏻👏🏻👏🏻

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!!

😮wow thanks for the information you explain it so simple

Nice to see that you adjusted the week, month, year.....just easier to follow for the novice

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.

Nice video, new to all of this jargon but you helped me understand a lot and how to get started! Thanks

Mark knows whats he's talking about, such a big eye opener can't wait to start saving !!!!!

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! 🙏🙏

Great tips. Very helpful. Thanks!

Hey mark, I know it’s 2 years since you made this video but I had to comment. I am that guy I’m 50 with next to nothing. I am fortunate though in that I have a job and a 401k . I made a lifetime full of mistakes but I’m gonna do it I’m determined to have something by 65. I’ve been sharing your videos with my 19 year old daughter and my 22 year old nephew. Thanks for the information my friend

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

You’re awesome man!! People, just save money, no matter what.

Mark is absolutely right. I'm also an attorney and I know he does great work explaining those concepts.

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?

New subscriber. Amazing set of videos, on the path to be a retired millionaire!

Thank you 😊 im 21 yrs old and this is good for me but im from Philippines.

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.

Thank you for the free advice!!

Thanks, I'm checking that website out now!!

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!

You just blew my mind!!! 🤯🤯🤯

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.

Thank you so much for educating us!!! God bless you!!! Hope to consult you soon.

Thank you, for well informing me!

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!

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

Thanks! Very helpful. Dont let the haters get you down

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!

Good advise hope is true, thank God!

Thank you for the great info!

Thank you so much for this golden information

Lol....loved the come back on the haters.... frankly speaking they are not haters but un-enlighted.... Great work educating everyone and appreciate Transparency! Wish I came across these videos 20yrs ago. I always contributed to 401k for 20yrs but only understood it 3 years ago, so I decided to self direction after realizing Wallstreet doesn't cut it.

I just hit subscribed😇 u r my angel sir

Most people haven't a clue on how to manage their finances when they're working let alone when they're retired !

Fantastic!

Love this video!

Get a job with the US Government and you can put 20,500 into a Roth TSP. PLUS, the 20,500 will be non-taxable. So, If you earned 40,500, the taxable amount would be 20,000. You will be in the 12% tax bracket.

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%.

Thanks

Thank u I just moved to US n I want my American dream

You are amazing 👏👏👏🙏🙏 you open my eyes

CPA giving u smart advice for free can't do better.

Wow!! I love all the info you provide. Can you buy and sell real state with a self direct Roth IRA.

I found a gold mine. Thank you so much sir. Excellent advise.

Videos are fya 🔥🔥🔥

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.

I think you are doing great informing people to start somewhere! People an be way too critical. If I can give you 5 thumbs up I would!!!

My man 💪🏽 go head Mark

Why would someone give a negative comment to someone creating a great video with great content AND he's sharing it for free. Thanks for sharing this information my friend...I'm 46 and I feel like I got a chance now lol!

That was great Thanks so much

Consistent Saving and investing works

Do you have to buy index funds/bonds/etf etc right away when you contribute money into your Roth?

Can you redo this video with available cash scenarios i.e. Starting with $50k/100k/250k or 500k on hand?

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?)

We gotcha Mark..the ones making those comments they probably don't have nothing saved. Im pulling 12%

Good content only issue is that the IRS severely limits IRA contributions by income so really the only option are Etfs, munies, etc.

He is right about saving I wish I knew when I was 21

Mark I love your information and have watched everything you put on KZfaq. As a smart Millennial who studied demographics and consumer economics at UGA I learned back in 2004 that I will never see a dollar of social security benefits and I am willing to bet that they will end up taxing my Roth earnings in 23 years. Biden is now trying to put a cap on our Roth of 5 million which will be worthless by the time I retire. So what should we Millennials do for retirement after funding social security for my entire life only to get nothing in return? People need to wake the F*** up and fight this new tax bill. This is all happening because they screwed up social security system and now want us to bail them out. I'm probably getting out of this country because it's turning into a government ran country that cares nothing about its hard working middle income tax payers. They should put the entire tax system on the blockchain to show us where our tax money is being spent.

Once you’ve maxed out your Roth, then pour $$$ into your pre-tax IRA. (traditional IRA, 451, 401k whatever you have access to)! NOTE: you don’t want EVERYTHING in a Roth anyway. It’s all about tax planning. SOME of your investments can be pretax now (to lower your current tax bracket); but then it will be taxable when you draw it in 30 years. That’s ok though, because you’ll be in a lower tax bracket then - and remember! your Roth investments are tax free. In sum, you want a MIX of pre- and post-tax IRAs so that you’re maxing our your tax benefits and investment growth both now and when you retire.

What if you make more then allowed to put directly into a Roth IRA. Do you have info about back door Roth?

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

Loved both videos and I also have acorn - I’m going to set up a ROTH ira - I already have a 401k

And this finally answered a question I have had for a decade of why there are so many llcs

Thanks Mark God bless

@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)?

Similar concept to acorns i use my fidelity credit card for the 2% cash back that i then transfer to my Roth. Far more valuable than airline points.

Company match going into the same bucket as rounding up savings might confuse some - retirement account contributions need to be earned income.