ROTH IRA VS ROTH 401K

Рет қаралды 8,291

Mat Sorensen - Wealth Lawyer & Entrepreneur

Жыл бұрын

Mat and Mark discuss key points you need to know in order to decide what account types are best for you based on your personal situation and investment objectives. We’ll discuss the qualifications and requirements for each account type. Watch The Great Debate between tax attorneys and bestselling authors, Mat Sorensen & Mark J. Kohler on how to best grow your money tax-free.
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Learn how to take control of your retirement - directedira.com/
Self-directed IRA Podcast - matsorensen.com/podcast/
Be an expert/shop my products - shop.matsorensen.com/
Blog & Articles - matsorensen.com/blog/
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Connect with me online:
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- LinkedIn: / matsorensen
- Twitter: / matsorensen
----
Leave your questions in the comment section below!
🔊 Found this video helpful? Click the Like button & share with others.
Subscribe to my channel and click the 🔔 icon for notifications when I post a new video.
----
Learn how to take control of your retirement - directedira.com/
Self-directed IRA Podcast - matsorensen.com/podcast/
Be an expert/shop my products - shop.matsorensen.com/
Blog & Articles - matsorensen.com/blog/
----
Connect with me online:
- Instagram: / matsorensen
- Facebook: / matsorensens. .
- LinkedIn: / matsorensen
- Twitter: / matsorensen----
Leave your questions in the comment section below!

Пікірлер: 19

@ComfortB-u3t 14 күн бұрын

I have two pensions. I would much rather have had a Roth 401k throughout my working lifetime. $500/month invested from 25 - 65 at 9% is $2.3mil. I have $100k that i like to invest in a non-retirement account, Where would you invest this as of now?

@BrigetteWaltershield 14 күн бұрын

I would avoid the index funds, mutual funds, or specific stocks for the time being. 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows signs of recovery.

@CamdenVanderlaan 14 күн бұрын

Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.

@MeriTanabe 14 күн бұрын

I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advis0r? I'll be happy to use some help.

@CamdenVanderlaan 14 күн бұрын

Angela Lynn Schilling has always been on the top of my list..She is regarded as a genius in her area and well knowledgeable about financial markets. I highly recommend her if you want excellent collaboration.

@CamdenVanderlaan 14 күн бұрын

I've experimented with a few over the past years, but I've stuck with ‘’Angela Lynn Schilling” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

@JasonBuckman 3 ай бұрын

I max my Roth IRA every year. My second two jobs have Roth 401(k)'s I put the max allowed per check (one allows all and the other allows 75%). I put up to the match on my main job into a pretax 403(b) (that's 2%). Near the end of the year, if I haven't put in enough to do the maximum contribution, I up my pretax 403(b) the get to the maximum. Yes, I have three jobs.

@SOM-inc. Жыл бұрын

Love you guys.

@jasonmathews1685 6 ай бұрын

Thank you

@emmanuelarredondo5365 4 ай бұрын

"get on base" what does that mean?

@MatSorensen 4 ай бұрын

Ha. It’s a quote from the movie Moneyball. It’s about just getting on base and acting runs. Not swinging for the fences to hit a home run. Same applies to investments. Make easy investments and shoot for 10% or so and be careful swinging for the fences hoping for 1000% on the next long short startup or crypto.

@devnullbit Жыл бұрын

should i split the 401k with 401k ira

@damondiehl5637 Ай бұрын

A 401k is a retirement plan offered by your employer An IRA is something you set up by yourself by going to a company like Vanguard or Fidelity or ETrade and setting up an account.

@randallcotner1258 Жыл бұрын

Mark, my IUL, with the index I'm using, is one part of my overall retirement strategy. Your use of the word "Better" is subjective at best. Among other reasons, I do value my IUL because it won't lose value during market downturns. The worst my contract allows for is a positive 1/4% rather than losing like the IRA's and 401Ks have with my friends and some family. True, theirs were not self directed, and that makes a big difference. However, they're not the kind of people who want to manage their retirements, rather simply enjoy retirement. When their retirements took huge hits, I did not, and that is "Better" for me to not lose money. Great job on everything else though Mark:)

@gusjaramill0 3 ай бұрын

Not sure if your IUL does livings benefits and all but, great comment. You drop the 🎤 and no one picked it back up. lol

@rodf1021 2 ай бұрын

could I as a parent invest into a Roth IRA for a minor or do they have to be employed?

@damondiehl5637 Ай бұрын

You must have reportable income.

@DannaOwen 6 күн бұрын

Yes, a minor needs to have earned income. Do you own a business or have a side hustle? Are you paying your kids for working in your business? If not, we can help you get this going.