Want a $1,000,000 TAX FREE? Do This...

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Күн бұрын

Being a Tax Advisor is a lucrative opportunity...Learn more here : markjkohler.com/become-a-cert...
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#retirementplanning #ira #rothira #401k #retirement #taxes #markjkohler #kkoslawyers
00:00 Topic Overview
00:36 What is a Roth IRA?
05:50 Need of Roth IRA’s
07:27 Rates to get to a Million Dollars
11:52 Rate of Return and Self-Directing
15:52 Mega Backdoor Roth IRA
19:36 Build the Roth IRA with the Trifecta
24:21 AD: Real Estate Taxation Workshop
25:48 Example 1- Real Estate
37:44 Example 2- Crypto
39:55 Outro
Follow me on Instagram, TikTok Facebook, and Twitter @markjkohler

Пікірлер: 482

@JosephineGaule 10 ай бұрын

Fortunately, I had a college economics teacher that taught me a lesson at 18. That lesson was: for every huge, frivoluos purchase you make, you need to have an investment double it's worth, this doesn't necessarily mean you should always invest when you make a purchase, it simply means living within your means. Varied sources of income is wise and especially like i said, living within your means. Whenever you're about to make a huge, dumb purchase that doesn't add value think about taxes and how you get your income. I made $272k combined net last year and paid no Federal taxes.

@tylerforeman667 10 ай бұрын

Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable trades can only be carried out by real-time experts

@JosephineGaule 10 ай бұрын

@@tylerforeman667 Inflation is over 10% here in the US, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?

@tylerforeman667 10 ай бұрын

@JosephineGaule Sure, the Investment advisor that guides me is “Olivia Rene Reyes” and she's renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.

@ParishBlein 10 ай бұрын

Olivia really seems to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her

@Lee-fi4vo 7 ай бұрын

NOBODY CARES about your fictitious financial transactions.

@christopherpaul5 8 ай бұрын

The utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $2.86 million when I retired.

@JordanPortales 8 ай бұрын

I don't regret the numerous financial mistakes I've made in the past since I've learnt from them. But the biggest one was planning my finances without consulting with a licensed financial counsel.

@carolpaige2 8 ай бұрын

Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.

@Johnlarry12 8 ай бұрын

Please who is the consultant that assists you with your investment and if you don't mind, how do I get in touch with them?

@carolpaige2 8 ай бұрын

‘Natalie Lynn Fisk is her name. She is regarded as a genius in her area and works for Empower Financial Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.

@Johnlarry12 8 ай бұрын

I just looked up her name and her website popped up immediately, interesting stuff so far, about to schedule a session with her.

@bernadofelix 10 ай бұрын

The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.

@hersdera 10 ай бұрын

Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor, "Margaret Johnson Arndt," I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.

@hersdera 10 ай бұрын

I receive guidance from coach Margaret Johnson Arndt who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.

@SandraDave. 10 ай бұрын

I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Margaret can provide me with the guidance needed to rectify the situation before it reaches a critical point.

@justmontina Жыл бұрын

I’m glad I watched this. I thought there were income limits for a ROTH IRA. I was a divorcee and married my current husband at 43 (he’s over 50) and he insisted I take the $1700 I was paying for rent and invest it. This is helpful.

@JohnnyB-my2oz Жыл бұрын

But than you have no money to pY your rent. Alot of these videos is alot easier said than done. Coming from Toronto Canada a household with 2 incomes making 70k/ a year that's 140 this is just an example . And maybe 1 kid at the end of the month they have NOTHING left to invest . I hear about it all the time on the radio on reddit . People are just struggling so badly and just getting by. So if your working full time and have zero money left at the end of the month. How do u start investing . Maybe if you win the lottery or a small prize of $2000 you could start investing with that. But their are some people that don't stand a chance and it's just reality

@niranjanreddy6360 Жыл бұрын

There still are income limits for Roth IRA. 153k for singles and 228k for family. But there's backdoor roth after that.

@cryptolord1994 Жыл бұрын

Dm on WhatsApp, legit platform to make investment with 5% daily returns ❤

@hopebeary3497 Жыл бұрын

I've been fed the wrong information for years (grrrrr)!!!

@justmontina Жыл бұрын

@@niranjanreddy6360 we’re fully funded for retirement and I recently read, “Die with Zero” and we’re done saving and now spending.

@JC-Finance Жыл бұрын

Roth IRA income limitation is $144,000/year single and $217,000 married. You can only contribute to a Roth 401K if your employer offers it. What happens when the real estate prices decline, tenants leave, interest rates rise, property taxes, maintenance, management, insurance etc..? You’re not painting the whole picture.

@carlvasquez6106 Жыл бұрын

You are a beacon of hope Sir. Thank you for all you do and share!

@andrewpipitone1572 Жыл бұрын

That feeling is so so important. Have to feel good everything you build.

@MrDee001 Жыл бұрын

I'm now subscribed. Great info to take action on!

@silvialugones3215 Жыл бұрын

Thanks a lot for sharing your knowledge.

@ItsMe_TheVoiceOfReason Жыл бұрын

Thx for this Mark! Especially the outro, it just made a difference

@jeffhammaker1994 Жыл бұрын

Great advice. I wish every teacher spoke like this guy

@susandecker5558 Жыл бұрын

You rock Mark. So glad I hooked up with you last year and you did my LLC in my trust. I have just caught this video onward and upward at 71.

@edwin8410001 Жыл бұрын

thank you so much Mark for teaching all this, God bless you

@MrSparkymike1 Жыл бұрын

sure you are. And the USA is financially solvent

@pinkypie100100 Жыл бұрын

Thank you!!!

@purposeplansprofits Жыл бұрын

This has got to be the BEST video on finances I’ve come across in forever. Thank you

@cryptolord1994 Жыл бұрын

Dm on WhatsApp, legit platform to make investment with 5% daily returns ❤

@killersentra Жыл бұрын

I asked about roth ira after seeing mark talked about it. The sound from their voice was like....how did he know about that. That's when I knew it was the right path towards me making me money.

@leia6585 Жыл бұрын

Thank you for your teaching 😊

@11nica5 Жыл бұрын

Wow I’m so glad I found your channel, so informative

@intoodeep9107 Жыл бұрын

You're so excellent at helping people understand what our options are. Thank you.

@MarkJKohler Жыл бұрын

Happy to help!

@laddcraner4170 Жыл бұрын

Sounds great!! tyvm

@rs6588 Жыл бұрын

1. Enough is enough. Let your money does something good. Count your blessings everyday. 2. Keep it simple. I would do conversion every year after filling tax. Make sure the amount converted will not put myself on the higher tax bracket that you can’t afford next year. Make sure the tax is affordable and I still able to contribute to Roth IRA at the same time. 3. Accelerates the Roth conversion after retirement, before you reach 72. It can reduce your RMD. This strategy works for most middle class couples with good spending habits. Before you know it, you are (or close to becoming) Roth millionaire🎉😊.

@favirefunnyfarm1043 Жыл бұрын

Thanks Mark for all that you do...priceless information!!! I hope many follow along and take action

@famosofficial9008 Жыл бұрын

Brotha man Screw anybody who don't like what you're saying your numbers say it al you are the greatest bro

@korygrandy6133 Жыл бұрын

Shout out to Duluth MN! Love the content Mark!

@vandrex Жыл бұрын

Hmmn , ROTH IRA I just bought my second family house 3 months ago. I am in my early forties and my wife is 38 years old. We're both living well and have a net worth of over $1.4M in assets and savings with zero debts. At this stage, we're living smart and frugal with spending. It wasn't always this way so many years back then when we struggled to barely keep up. We retired early because we practiced proper saving and key passive income procedures to fuel our dreams.

@sonlee8066 Жыл бұрын

good to know. Mind sharing any passive income advice for me buddy ?

@vandrex234 Жыл бұрын

@@sonlee8066 I have a strong belief that you will be able to go far. You need skilled people in life. This is what I found out many years ago which is the reason I chose my coach buddy. He goes by the name William Alex Jude. You may have probably seen him online.

@sonlee8066 Жыл бұрын

@@vandrex234 Thanks, I really do appreciate your comment. Can I connect with your inveztment advisor if you don't mind ?

@vandrex234 Жыл бұрын

@@sonlee8066 It's simple, Use his full name now to look him up on the internet and leave a message for him. His services are quite notable as he was recently featured on CNN. Rest assured he can work with anyone irrespective of your location.

@sonlee8066 Жыл бұрын

@@vandrex234 Done ✅ Achieved. I found his page online. Thanks for the direction. I appreciate. I have had the intention of starting invezting. But I always thought it was late and I think I need to stop procrastinating. I will definitely 🔍 for William Alex Jude and see what he can advise. Thanks a lot. This was of so much help to me.

@lonniedelmedico481 Жыл бұрын

MIND BLOWN!!! I thought I knew IRA and 401k Thank you much I'm now a fan and a follower

@driverdan6988 Жыл бұрын

THANKS JAYSON!!!!

@CLaw-ne5mi Жыл бұрын

Great video.

@bichdueinerson8621 Жыл бұрын

Amazing , we are blessing to have a handy gentleman in our life to help us to help the big world!!! And he save our life !!! I would like to say a billion appreciate MR Mark . J . Kohler❤❤❤👍👍👍👍👍

@buddsidewinder7778 Жыл бұрын

love your work i smashed the like

@xrpminion5507 Жыл бұрын

amazing!!!

@MarkJKohler Жыл бұрын

Thank you SO much!!

@MichaelDillin Жыл бұрын

Thanks for your motivational videos they are pure gold!!

@hectora.vasquez3281 Жыл бұрын

Great stuff brother! I appreciate your wisdom and motivation.

@TheCakenator1 Жыл бұрын

Thank you!

@MarkJKohler Жыл бұрын

You're welcome!

@gaminsfun9078 Жыл бұрын

Well explained sir

@ChiSoxsFan4Life Жыл бұрын

I just came across this I'm going to rewatch this when I get home. I just turned 39 so I'm trying to get the 💰

@luismaldonado6025 Жыл бұрын

Thanks for just giving me hope, good to know I still have a fighting chance, :)

@lorinal5544 Жыл бұрын

Thank you for sharing

@MarkJKohler Жыл бұрын

Thanks for watching!

@hannahmanager7646 Жыл бұрын

Mark you rock!!! 🎉🎉🎉🎉🎉🎉🎉❤❤❤❤

@1Four3 Жыл бұрын

WOO-HOOO!!! LETS GOOO

@mrjimmysboys Жыл бұрын

Brilliant 👏🏼

@MarkJKohler Жыл бұрын

Thanks for being supportive!! I super appreciate it!

@patricksuwala4090 Жыл бұрын

At 8% rate of return, if people want to just go the traditional route of ETFs to make it easy peasy, you can still get to $1mil in about 25 years. That alone can be your retirement. $80,000 a year tax free in 25 years. Assuming you max out your ROTH IRA or TFSA for us canadians, right now.

@TheCakenator1 Жыл бұрын

Title was eye catching 😊

@MarkJKohler Жыл бұрын

My team works hard at making EVERY aspect of my videos enjoyable!

@sambomambojambotango3961 4 ай бұрын

The most important video to build your financial future! thanks

@darrencarter8468 Жыл бұрын

Duluth, MN is lovely.

@user-xp6sc6su9c 10 ай бұрын

Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money. A trader made over $350k in this recession influenced market.

@graywilliams_77. 10 ай бұрын

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 alot of wealth transfer in this downtime if you know where to look.

@finsterelli4548 4 ай бұрын

Mark does this!!!!!!🔥🔥🔥🔥

@TheRealGregKnight Жыл бұрын

Hello from Duluth, MN

@MarkJKohler Жыл бұрын

Hello Greg! Thanks for watching!!

@bryantgambrell8209 11 ай бұрын

Great content.

@8u2b Жыл бұрын

Thanks Kev!!!

@tomjones3907 Жыл бұрын

If you put $60k+ into ROTHs, you'll have to come up with another $15k+/- for taxes in that year..

@TonyBlount Жыл бұрын

You are always going to have to come up with the tax money. Now or later. By paying it now however, you are forcing yourself to adjust your budget and lifestyle to the tax reality that is inevitable… otherwise you are just kicking the can and staring at an I. Reading number in a 401k that isn’t real.

@phillobo-ov7vr Жыл бұрын

Mark, your advice is 1000x better than your artistic ability 😂😂 I lost it when you drew a cylinder. Thanks for the advice. I wish I had this type of information 20 years ago

@catherineng1022 Жыл бұрын

Hi Mark! It’s Never too late built or take full control of your financial! You are correct 👍🏽. I’m about hitting into my 50’s soon. I meet all criteria with Roth IRA, Traditional and HSA saving/ investing. My question is can I use my asset’s to open LLC account? Do you have additional videos to educate me more about LLC/ tax deferred/ open multiple Roth under LLC. I always believe ROTH IRA has its limitations. This is mind blowing and I have been searching for some guidance in decades. I’m appreciate and grateful for your video🙏 Thanks for sharing your knowledge. I have so much to learn from you. I live in North Cal.

@MarkJKohler Жыл бұрын

Hey Catherine! We can absolutely help you with this. Please get set up with one of our amazing Tax Advisors at markjkohler.com/tax-advisor-network/ - all of them are trained by me weekly and they can help you get set up and questions answered. Thank you!

@patternsmashing Жыл бұрын

The perfect message, the perfect time, for me. Thank you, Mark and team. I discovered the rule of 55 a couple months ago, that I'm competent "enough" as a day trader a month before that, and that I could (and really should) directly trade my cash in my 401k rather than settle for the middling returns the funds provide. My whole world has changed. Just when I feel like the ground is settling under my feat, a new revelation from Mark on how life can get even better! I've taught what I love before. I recognize that same fire in your voice. This isn't just money, it's giving back while making a living. Here's another set of ears and a thick skull you made it through. Not everyone gets the message, but the ones that do will never forget. Thanks again.

@Ripley-wp7he Жыл бұрын

❤this! Thank you Mark!

@nyreemagdamit4987 7 ай бұрын

Thank you Mark for great and very inspiring and motivational guide. I've learned a lot and I'm going to achieve my financial goals!

@rambeau7234 Жыл бұрын

Forget the Dollar! Silver and Gold for the Great Reset! We are at the end of a cycle!!

@bobinorlando Жыл бұрын

It's a great theory and you're going to need those outsize ROI's because that LLC is a corporation that has to be registered in a state for ~$150/yr. every year and it needs to file a tax return every year with bookkeeping by a CPA for another $1200/yr. And if you want to protect your assets in the LLC from creditors it's going to have to be registered in Wyoming according to a different legal expert on KZfaq. And if your rental property is not in the same state as the LLC then you probably have to file a foreign corporate registration in the state your rental is in every year. If it's in another state unless you want to run over there every time the toilet clogs then you have to pay a property management company for another fee. And if you ever want to do anything with the LLC like buy something or sell something you're going to have to pay the lawyer to get it done correctly. And if you forget how all of this is supposed to work (and you will) that's another conversation with the attorney.

@lostinmyspace4910 Жыл бұрын

I like how you think. For every upside there's the slide (downside). Pros and cons. Revenue in, expenses out. Bottom line, don't quit your day job, but save some consistently along the way and you will be fine. If your life is good now, and you can meet your expenses, have a roof over your head, and sleep at nite with no worries, then your retirement income will carry you well to the end with some good common sense simple investing.

@enriqueta56 Жыл бұрын

What you are saying is not very accurate. You need more information. For instance, an LLC for an IRA works differently than an LLC for a regular business. It doesn't need to file a tax return unless it's income is above a certain amount. And you don't need to hire a lawyer to buy assets with your IRA/LLC. You buy it yourself as the manager of the LLC, with checkbook control. I just started funding my self-directed Roth IRA, and I'm getting the KKOS lawyers to help me set up the LLC so that I can start buying assets. I attended a two-day class from Mark Kohler and Self Directed IRA. It seems like you have an excuse for every solution.

@Ironrodpower Жыл бұрын

No doubt it's more work and you need to be intentional. Most people need to be Intentional to be rich. Not many rich lucky people.

@bryanmiller2216 Жыл бұрын

You can also set up a trust so you don’t have to file a tax return or pay annual LLC costs.

@damitadumas6674 Жыл бұрын

E Sald & Bryan you are correct🎉

@jacquie212 11 ай бұрын

I started at 35 and I wish I had stated earlier. I have investment accounts set up for my kids to start before they are 10, and have been explaining and showing them compound interest calculators. When i have the disposable income I will aim to match every dollar they put in a Roth in lieu of inheritance. There is no replacement for time in time value of money.

@felisak6053 Жыл бұрын

This is a good strategy to follow, but the question that always comes to my mind. They always tell you that your retirement fund should be 10x from your income at your current age. But when you reach a certain age like 70 your activity and is not the same way as you are 50. As well as your expenses is more cheaper because you don’t need a lot of items, you don’t travel, you don’t pay debt, mortgage so you have plenty of money, but what can you do if you can’t enjoy it while you can.

@ewindeed1210 Жыл бұрын

When your over the income limits just check with your employer 401k custodian and request in plan distributions. If thats available, contribute to after tax and immediately convert to roth within ypur 401k. Keep it simple

@stevebrassie1209 Жыл бұрын

Am I missing something- The limit on the Roth IRA is 7000 or 7500 depending on age. If there is more than one Roth vehicle the total of all sources is still only 7500 What am I missing.?

@sherrygorman9083 Жыл бұрын

Mark YOU ROCK!!!! ❤You are AMAZING!!!!! I sooo APPRECIATE these videos!!! This is exciting information!!

@i1pro Жыл бұрын

Excluding Crypto this is an amazing video

@77Zona77 Жыл бұрын

Mark Kohler can make any subject fascinating! Love this guy!

@curlee357 Жыл бұрын

This Guy is really amazing and he has a cool personality 😉

@BTCSowhat Жыл бұрын

You talking that $*** today !!! Ye$ sir!

@holdencawffle626 6 ай бұрын

Great vid. This guy is the real deal holyfield

@charlieb.5760 Жыл бұрын

Hi Mark, ty for all this great info! You reminded me of my work 401(k) does have a Roth option. My question is, since I'm still working, not sure its a great idea to convert any of it over to the Roth 401(k) side since I'll be paying the tax now on my current income which is fairly high as I am 56 and have had the plan since 1990. Perhaps start putting some in from scratch. Tx again!

@MarkJKohler Жыл бұрын

Charlie, to get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR if you want to get set up with one of our amazing Tax Advisors to dive further into your questions, please head to markjkohler.com/tax-advisor-network/ - thank you!

@aniluperez Жыл бұрын

What a great video and with so much information! How can I set up a Roth if I’m already retired ?

@MarkJKohler Жыл бұрын

Hey there, please schedule an appointment at Directed IRA and they should be able to help you! directedira.com/appointment/

@Emily-le2op Жыл бұрын

America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020...

@jaybash5907 Жыл бұрын

I’m about to take the tax hit this year and move my tsp to a self directed Roth IRA all this money printing means my taxes will be going up so I’ll take the hit now

@sleepingyogi4336 Жыл бұрын

"I need a million dollars to keep me warm for 2 nights in 10 years." -Love my Thoughts

@cheynebest7028 Жыл бұрын

A million dollars will be worth so much less in the future, which is the most frustrating thing I hear people say when talking about investing. You're going to have a whole lot less if you don't start and come up with a plan right now because the next best time to start was yesterday. 🙄

@jtrell4297 Жыл бұрын

Atleast you understand

@MrAesir1 Жыл бұрын

You short changed your return on the RE example its actually 45% IRR. 5K appreciation, 2K in mort paydown, and 2K cashflow that's 9K/4 =$2250 for your $5K investment hence 45%IRR.. Lovely

@brycecook4000 Жыл бұрын

Someone know math. I thought this too

@RobWilliams007 Жыл бұрын

Isn’t the problem with real estate in a self-directed IRA, is that you have to use that IRA for any repairs and financing, etc.? You can’t use personal or LLC money to fix or remodel the property. Yes, you can invest it in a syndication. I do own metals in a self-directed.

@DavidStevens11 Жыл бұрын

i bet that would be so easy to do

@roysmith8071 11 ай бұрын

Wished I would have seen this a while ago. Been putting a couple dollars a day into mine for the past year. No regret

@atomica157 Жыл бұрын

Lots of great info..Confused a bit about adding in money to my back door Roth in 401k doesn't the money have to come in directly from a pay checkup from work up to a certain max amount? OR Can I get in touch with my works financial department and send them a check lets just say $20,000 this year 2023 to add to my back door amount for 2023? IF so do I have to pay tax on the extra $20,000 I am sending to my 401k account is that even possible they would accept money coming into the 401k from outside a paycheck? Hope that makes sense

@tonyrocco3045 Жыл бұрын

$1500 to set up a LLC. Felt that one in the balls.

@revelationpowerhour9149 Жыл бұрын

I always wanted an info on this. Thank you for the video. I instant to move to the US🇺🇸 next year. Can I open one next year or now while I am still in South Africa?

@bakerfrank101 Жыл бұрын

Backdoor IRA...more details

@scottalex2741 Жыл бұрын

Es hat mir geholfen, das zurückzugewinnen, was ich beim Versuch, selbst zu traden, verloren habe

@danlovett3697 7 ай бұрын

Do you have a video on converting an existing traditional IRA into a Roth ? And can you do it without any penalties ? Perhaps another " backdoor" strategy ?

@sleepingyogi4336 Жыл бұрын

The Gov is coming for Mark and Matt

@TheCakenator1 Жыл бұрын

Lol I just shared it with my 29 year old daughter 😊

@MarkJKohler Жыл бұрын

Thanks for sharing!! What better time than now!

@laurice8056 Жыл бұрын

Hey Mark, literally, Thanks a Million! You’ve given me Hope for a brighter, more prosperous future! I’m a new subscriber!$🤗$

@vicchris3943 Жыл бұрын

Solo 401k, pay double tax at first place, convert from 401k to Roth, pay tax too

@elevatefinancial4045 Жыл бұрын

This is complete GOLD. Thank you Mark for championing these strategies. They are life changing. I've helped over a dozen clients self direct a portion of their retirement accounts into land investments. I'm going to push this out to the rest of my network. - Bobby Ewan

@hannahmanager7646 Жыл бұрын

6:00, I am at retirement now that's why I'm freaking out due to the state of the country it's the worst time😢

@urbanart7325 Жыл бұрын

The empire is in trouble. The world is changing

@Chanel15477 Жыл бұрын

Mark, I'm so far behind, I never realized by opening up 2 Roths I would only be able to contribute the maximum amount between both, I thought I could fund them separately. I'm trying to buy a condo for myself after short selling in 2013. I need to build my Roth because I'm in my fifties. I'm going to have to take money out of savings to buy a condo, where I would rather fund one of my Roths. I'm not in the same category as most, should I open up a separate 401k and just start building that?

@AtlantiXYL Жыл бұрын

Also try to make more. Active income to more than $1M is still your responsibility.

@Doyle-Nutbush Жыл бұрын

Peter Thiel lodged stock warrants which cost him very little, then exercised them.

@jbw8471 Жыл бұрын

My Roth is getting killed right now. So im not sure how long it will take to come back. Also the value of the dollar is declining fast and its gonna take more than 1 million to retire. My portfolio is down since beginning of 2022. 🤦🏾‍♂️

@christinetom6594 Жыл бұрын

wish someone would have told me about municipal bonds and municipal bond funds instead of the 401k, IRA's etc. They are better investment for tax free income for your whole life.

@totiriel6079 Жыл бұрын

But you did not count the repairs and when you have a bad tenants that doesnt pay. Vacancy when renter vacated. The headache the you go through. In a stock you dont have to worry those things.

@mr.coffeyshouse3047 2 ай бұрын

Mark, I really need your help with my taxes. I understand we haven't met, but I believe you're the right person to assist me. I'm being intentionally vague to maintain confidentiality, but if you're open to it, I'd like to discuss this further in a direct message.

@tiagoj8020 Жыл бұрын

This was pretty cool to see, however nobody ever talks about the pre-tax of Roth IRA! You pay the tax upfront based on your current tax bracket. So it cost you $780-$1080 to put $6,000 in a Roth if you're making a 100k a year. Nobody talks about that including this video. If you're in a higher tax bracket that fee is even higher to do a Roth.

@aleclilliebridge3421 Жыл бұрын

Could you write-off dog/cat (cost to acquire and upkeep) under health (HSA) if it is a therapy (ESA)?

@appsm7110 Жыл бұрын

@Mark, I've done real estate on a self directed IRA but on a all cash basis. In this video you mentioned 20k down assuming an 80% loan. However, when I did it only some limited # of lenders would lend to an IRA (due to non-recourse nature) and asked 50% down. I also understand there is some tax that is incured (UBIT, maybe) when IRA has a loan. Could you please explain this better and or provide lender leads that will lend 20% down to an IRA (non-recourse)... Thanks, I love your videos....

@MarkJKohler Жыл бұрын

To get your question answered, please submit it to podcast.mainstreetbusiness.com/ OR you can head to markjkohler.com/tax-advisor-network/ and get connected with one of our amazing Tax Advisors that can help you dive deeper into your questions. Thank you!

@anonymous-fg9fn Жыл бұрын

I have a roth 457b with the option to set up a self directed brokerage account. I need help understanding this. How can I talk with you about my options outside of KZfaq?