You landed a new job and got a shiny new 401k. Which fund are you to invest in and what should you do when switching jobs? What if there is a down turn, would you be inclined to pull it out after you see it down 50% for a year and the market seems to be lagging for forever? Let me discuss the strategy behind how you are suppose to invest so you can be prepared in case any of this happens. Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY My Tech Reviews: https://www.youtube.com/channel/UCMJPtLUzXP6vKn_Vg2yQehQ The Lazy Cook: https://www.youtube.com/CookLazy
Views: 48313 BeatTheBush
5 Basic 401k Investing strategies to get higher returns in your 401K Plan. Learn how to pick 401k Investments. 401K (Retirement Investing) [401K Retirement Investing] Basics of 4 01k Investing. 5 Basic 401k Investing Strategies. In 2017 It has never been more important for us to learn how to invest than now.In order for us to retire in the future we have to learn to invest our money to the best of our ability through a combination of 401K and other investments. 1. Discover Your Fund Choices: (Step 1) Find out what investment choices are offered in your current employer's plan. The fund choices, and number of available choices to choose from are going to vary from company to company. If you do not know what is offered ask your human resource department where you can find this information, and what provider they use. Examples of 401K plan providers include John Hancock, Vanguard, and Fidelity to name a few. Typically your provider will have an account you can access online where you can manage your 401K investments, research rate of return, fund choices etc. Log in, or create an account online to begin to perform your analysis. The analysis may take you a few hours depending on the volume of funds you want to look at so you might consider breaking up your research into one hour blocks so you do not get burnt out. 2. Select the Criteria of the Funds You Want to Analyze (Step 2) My 401K plan has roughly 60 investment choices. Yours may have less, or it may have significantly more, it all depends. If you have more than 100 choices I would consider selecting criteria important to you so your analysis will not consume your life. Here are examples of criteria you may want to consider to cut down on the number of funds you are going to look at: - Rate of return over last 5 years, and last 10 years. (Example: Look at funds that have the highest 5 - 10 return on investment) - Fee ratios - Are you more of a risk taker, or more conservative? As you go through this process make sure you are writing down the fund names and ticker symbols as you go. If you can extract the data to excel that may be your best bet to save the most time. Example: Fund Name: Fidelity Contra Fund: Ticker Symbol FCNTX. I would highly suggest using Microsoft Excel. If you do not have excel considering using a binder or notebook so you can keep your notes easily organized. 3. Learn About the Funds (Step 3) It is always hard for me to believe that so many people do not know what they are investing in when it comes to their retirement account, but they know so much about sports, or their favorite reality T.V. show. Generally speaking....through your 401K provider's website you should be able to read about the funds online. I personally look at the following things: - Top Holdings (What stocks make up this mutual fund?) - Are the individual stocks in this mutual fund companies I would want to own? - What is this funds long term track record, how long has the fund be around? I usually like to invest in something that has been around close to ten years or more. - What is the expense ratio? - How Risky is the fund? Take notes as you go so you do not have to redo the work later. If a financial advisor regularly comes to your company to give market updates try to meet with him (or her) to learn more about your retirement plan funds. The advisor should know these funds very well, and should be able to help guide you in this area. This does not mean you should avoid doing the research. If you have done your research ahead of time you can get their opinion on what you are thinking of investing in. 4. Utilize Free Resources such as Yahoo Finance to Aid You in the Research Process (Step 4) Yahoo Finance is one of the most simple investment websites you can use to do additional research on your provider's funds. In my particular plan the thing it was missing was stock charts. I wanted to visually see how the fund was performing, and so I went to Yahoo Finance to do my research. If you cannot see the chart performance on your mutual fund I would highly, highly recommend taking the time to do this step. Generally speaking you want to see a slow and steady increase in fund price over a long period of time. I'm looking for stable long-term growth for last 10 years, or more. 5. Choose Investments or Reallocate Your Current Investments (Step 5) Time to take action! Links: Investopedia 401K Basics:http://www.investopedia.com/articles/retirement/08/401k-info.asp How to select 401K Investments: https://www.betterment.com/resources/retirement/401ks-and-iras/how-to-select-investments-for-your-401k/ Follow me on Facebook: https://www.facebook.com/MKChipfanpage Follow me on Twitter: @Mkchip123 Crushin by Audionautix is licensed under a Creative Commons Attribution license (https://creativecommons.org/licenses/by/4.0/) Artist: http://audionautix.com/
Views: 16209 Money and Life TV
401K Investing: (How Should I Invest In My 401K?Real Example Of 401K Portfolio and Allocations) My 401K Investments and Allocations. Free spreadsheet Included You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/t7dwviqzk807esb/my%20401%28K%29%20investments%20and%20why%20I%20chose%20them.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • How many funds I currently own in my 401(K) - 1:07 • My 401k investment allocations - 1:45 • How much of my 401k is in stocks - 2:50 • Why i'm invested this way in 401K - 4:15 • The downsides of my investment allocation - 5:40 • My 401K Fund performance - 7:30 • How much i contribute per month to my 401k - 8:10 • Other factors to consider before investing in 401k - 9:50 My current complete 401(K) Investing Playlist: https://www.youtube.com/playlist?list=PLSofnwEEZdUyA9zJ6dpNRm-rOxsG515C8&disable_polymer=true How many fund should I own in my 401k? I currently own 5 mutual funds. I used to own four. The financial advisor that comes to my firm encouraged me to invest in non domestic equities so I started allocating future contributions into this new fund. As you can see here I have about 15% of my portfolio in Non U.S Equities. How do I allocate my 401K funds? Asset Allocation – As you can see 80% of my current holdings are in large growth “Blue Chip” type of mutual funds I’ll explain why in a moment. I own 97% stocks in case you are wondering. I’m not big on bonds at the moment. There is certainly some overlap between the two funds in terms of having similar investments, but I’m ok with that as long I believe that the companies within the fund is invested in are solid companies. Why I’m currently invested this way? There are a few reasons I’m invested this way. I want to take a moment to explain why that is so you can understand my mindset. - Age 33 years old at the time of making this video. I can afford to take risks. Especially since I plan on working at least another 30 years. I need this money to grow. - We have other investments. We have a brokerage account and 2 Roth IRAs that we consistently invest in each month. In those accounts we primarily invest in dividend paying blue chip stocks, REITs, etc. Are investments are more conservative in these accounts which is why I’m so focused at achieving growth in my 401(K) The downsides of my currently investment allocation – When the stock market finally does crash my investments are doing to go down pretty hard, possibly more than the S&P 500, because my portfolio’s beta is slightly higher than 1.06. I know we are due for a major correction or crash, but I am totally ok with this at my age. I would love to this thing crash while I’m still young. I’m going to keep investing either way, because it is nearly impossible to correctly time the market. The good news is my current portfolio’s sharpe ratio is slightly better than the S&P 500. How are my 401K funds performing? Obviously we have been in a bull market for around 10 years now so my investments have been performing well. I’ve been able to achieve around a 10% return or higher every year on my investments. In 2017 I had a total return of 28%. I realize these results will not last forever, but they are good for now. YTD performance for 2018 is around 10% How much I contribute to my 401K per month? Currently I contribute $1,000 per month to 401(K). When I first started I think I only contributed about $300 per month. Plan to keep increasing this amount overtime by $100 per year if possible. Why do I not max out my 401K? I want to stay flexible with our investment choices outside of our 401K) plans. I can go into more detail on this in a future video with you guys. Will these 401(K) Investment allocations change overtime? Yes, my next move is to allocate future contributions to a small cap growth fund. Small-caps have been doing pretty well in my opinion. Maybe 5 – 10%. Other important factors we take into consideration before we invest in our 401(K). Things to consider before investing in your 401K - The ability to save 25% - 50% of our net monthly income after 401(K) contributions. This very important to us, because if we can save and invest 50% of our income throughout our life we have a good shot at building wealth, and having a good retirement. - No debt besides mortgage. If I had other debt I would probably not be investing as heavily. - About 20% of our net worth is in cash so we can take advantage of a market crash, especially in the area of real estate. ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/
Views: 4700 Money and Life TV
In this video, you'll learn everything you need to know about retirement accounts such as 401(k)s, 403(b)s, and IRAs! We cover the difference between Roth and Traditional retirement accounts, when to choose an IRA over a 401(k), what happens to your 401(k) when you leave your company, and much more! Investment account recommendations: https://www.moneycoach.io/recommendations/roboadvisors Next video: https://www.moneycoach.io/videos/retirement/2 More of a text based learner? See the transcript and citations here: Investing: http://bit.ly/2fs5Kma Please leave us any feedback here: https://goo.gl/REmdfD
Views: 47473 MoneyCoach
Check out our FREE Resources Page At... http://moneyevolution.com/money-evolution/free-resources/ I want to talk about Four Strategies To Help You Get The Most Out Of Your 401K Plan. As many of you know if you've watched any of my other videos you know that the 401K plan is not necessarily my favorite savings vehicle for retirement, but there are a couple of reasons why you might still want to do a 401K plan. Number one is the Company Match. If your company's matching you any portion of your 401K contributions, that's basically free money. That's very hard to pass up. I would definitely make sure that you're taking advantage of your 401K plan at least enough to do that full match. The second one is at that There Are Higher Contribution Limits on a 401K Plan Versus an IRA Account. For an IRA Account if you're under 50 for 2017 you can contribute $5,500 a year. If you're over 50 usually it goes up to $6,500 a year, but a 401K plan you can contribute $18,000 if you're under 50 and you can contribute $24,000 a year if your 50 years old or older, so the higher contribution limits are another reason that the 401K plan might make sense. The final one is There's No Income Restrictions on 401K Plans, so anybody pretty much can contribute to a 401K plan regardless of your income where as as you probably know and I've talked about this in some other videos that if you make too much money you may lose your ability to contribute to a traditional IRA Account and take a tax deduction or if you make too much money you may not be able to contribute to a Roth IRA Account at all. Even then, there may still be some reasons that you want to do the 401K plan and so here are the four strategies to make sure you're getting the most out of it. We just talked about it but the match. Again make sure that if you have a match make sure you're contributing at least enough to get that full matching contribution from your company. Another option that may be available in your 401K plan it's getting more more popular, but there could be a self directed 401K option. And basically what this is it's a separate account within your 401K plan that can give you access to a whole bunch of additional investment options that are not part of the name 401K menu. So as you know one of the reasons that I don't like 401K plans sometimes is because they have a very limited investment menu, so having that self-directed option opens up that to give you some more investment choices. The third one is in-service withdrawals. So again because you may be limited on what you can invest in inside your 401K plans and there may be fees on the 401K plan as well you could look into the option of doing what's called an in-service withdrawal and some companies allow you to move sometimes all or a portion of your 401K plan over into your own self-directed IRA Account even while you're still working even before retirement. Again there may be advantages and disadvantages to doing this, so make sure you check with that and make sure you understand the fees and the options available before you do something like that, but the in-service withdrawal may be another opportunity for that. The fourth one is some 401K plans offer an after-tax savings option. This is something that allows you to even go above and beyond the regular 401K contribution limits and up until very recently this is something that even I personally never really paid a lot of attention to because there was really no advantage to it, but there was a recent IRS tax ruling back in 2014 that made some clarifications to a previously gray area pertaining to 401K Rollovers, so the after tax account, just to give you a little bit of a idea of how that works, it's money that goes into your 401K plan on an after tax basis, so you're not getting any immediate tax advantage to that. The money grows tax-deferred which means that normally if you left it in there you would have to pay taxes on any gains or growth that you have inside the after tax account and then you know, pay taxes when you pull that money out, so the ruling changed that IRS came out with back in 2014 is now you can take the monies that are in your after-tax portion of your 401K plan, you can role those out directly into a Roth IRA account. So this is an opportunity for a lot of people that normally don't qualify to make a contribution to a Roth IRA Account because they make too much money. It's also an opportunity for people that want to save over and above the traditional 401K contribution limits because if you're under 50 some plans actually allow you to contribute up to $53,000 into the combination of your pre-tax 401K or Roth 401K contributions plus your company match, plus any after tax contributions can go up to as much as $53,000. If you're 50 years old or older, that number could be as high as $59,000.
Views: 30454 Money Evolution
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 65749 The Dave Ramsey Show
Join the low-cost, transparent investing service today @ www.jazzwealth.com Facebook https://www.facebook.com/JazzWealth/ Instagram https://www.instagram.com/jazzwealth/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 18556 Jazz Wealth Managers
What is a 401(k)? Win $500 for your 401(k) and join our Fall Trading Contest today! https://www.wallstreetsurvivor.com/register?utm_source=Youtube&utm_medium=VideoLink&utm_campaign=FallContest A 401k is a workplace savings plan that allows you to build wealth by investing a portion of your pay check in assets such as stocks, mutual funds, or real estate investment trusts (REITs). It is also the primary way employers help their employees prepare for retirement, and has the added benefit of allowing an employee to invest part of their salary before taxes are taken out. While all 401k plans offer tax breaks to retirement savers, many other features of these retirement accounts differ, sometimes significantly, by employer. 401k plans are an effective way to shelter money from taxes because your contributions are deducted from your taxable income. So if you made $50,000 last year and invested $10,000 in your 401k, you’d only have to pay taxes on the remaining $40,000. This can be a great tactic, especially for people who live well within their means and can afford to save a big chunk of their salary. Learn more about 401(k) plans with Wall Street Survivor's Building Your Nest Egg course: http://courses.wallstreetsurvivor.com/is/20-building-your-nest-egg/
Views: 293889 Wall Street Survivor
Here’s a topic that’s been coming up a LOT recently, and this is an extremely confusing decision: What’s better to invest in - Roth IRA or a Traditional 401k? Here’s my thoughts, enjoy! Add me on Instagram: GPStephan Roth IRA vs 401K Calculator: https://www.bankrate.com/calculators/retirement/401-k-or-roth-ira-calculator.aspx Merch: http://www.GrahamStephanStore.com/ GET $50 OFF FOR A LIMITED TIME WITH COUPON CODE: THANKYOU50 The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ So lets first start with some background on the almighty Roth IRA: First, like I just mentioned, all of the profit generated in this account is tax free after the age of 59.5. That could save you a LOT of money by the time you retire, especially if you begin investing in this early on. Second, with a Roth IRA, you can withdraw whatever money you contribute to this account, at any time, tax free, without paying any penalties. However, here are the downsides: First, with a Roth IRA, you contribute POST TAX MONEY - this means the money that’s left over after you’ve already your paid taxes on it. And as we all know, the money you have left over AFTER taxes is a LOT smaller than before the taxes were taken away…this means you’ll have LESS of your money to invest upfront, all things considered. Second, if you want to withdraw your PROFIT from this account before the age of 59.5, you’ll be subject to a 10% penalty, and you’ll have to pay normal taxes on that profit. Third, the contribution limit for a Roth IRA is capped at $6000…so if you want to contribute more than this, well, you can’t. But how does this all compare to the Traditional 401k? Well, the 401k is an employer sponsored retirement account where you contribute PRE TAX money…meaning you won’t pay any taxes on the money you invest in this account. Now because you don’t have to pay taxes on the money you contribute, you have even MORE money left over to invest instead of paying it to the IRS, allowing that extra money you saved in taxes to make YOU even more money. Pros of a Traditional 401k: You contribute pre-tax money, meaning you don’t pay taxes on the money you put in this account, and can be a huge tax deduction. Secondly, you can contribute up to $19,000 per year in a 401k…that’s more than 3x HIGHER than you can contribute to a Roth IRA. Third, some employers offer a 401k employer match - which means they actually match your contribution, dollar for dollar Downsides to the traditional 401k: The first is that you’ll end up paying taxes on your money when you begin withdrawing it from your account after the age of 59.5. With a 401k, you’re basically saving money on taxes NOW so you have more to invest upfront. Secondly, if you want to withdraw the money prior to the age of 59.5 for anything other than financial hardship, you’ll be subject to paying a 10% penalty on your money and you’ll owe taxes as though this money is ORDINARY INCOME. Third, you’ll be forced to begin withdrawing your money at the age of 70 1/2…and for some people who prefer to continue saving it and letting it grow, well…you can’t. And the right mix is - in my opinion - a slight balance between the two. I still contribute a bit to my traditional 401k just to hedge my future options, even if I have no idea if it’ll be the smart choice in the future…again, JUST IN CASE. I also go heavy on the Roth option, too, because I know it’ll be tax free in the future, and I don’t have to question what future tax rates may or may not be. For business or one-on-one real estate investing/real estate agent consulting inquiries, you can reach me at [email protected] My ENTIRE Camera and Recording Equipment: https://www.amazon.com/shop/grahamstephan?listId=2TNWZ7RP1P1EB
Views: 36458 Graham Stephan
What if you don't have access to a 401k at your employer or it's not worth it due to no employer match? You still need to take control and today Ill show you how to fake a 401k so you can have what you need for retirement. We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 1790 Jazz Wealth Managers
LOOK THROUGH MY BOOKS! http://books.themoneygps.com SUPPORT MY WORK: https://www.patreon.com/themoneygps PAYPAL: https://goo.gl/L6VQg9 OTHER: http://themoneygps.com/donate ————————————————————————————————— MY FAVORITE BOOKS: http://themoneygps.com/books ————————————————————————————————— AUDIOBOOK: http://themoneygps.com/store STEEMIT: https://steemit.com/@themoneygps T-SHIRTS: http://merch.themoneygps.com ————————————————————————————————— Sources Used in This Video: https://goo.gl/UpprQe ————————————————————————————————— #401k #retirement #invest
Views: 17204 The Money GPS
What if you contributed just 1 percent more to your 401(k)? In this video for investing novices, you’ll see how saving a small amount each month can make a big difference over time. Find more articles about investing and personal finance at https://fidelity.com/mymoney To see more videos from Fidelity Investments, subscribe to: https://www.youtube.com/fidelityinvestments Facebook: https://www.facebook.com/fidelityinvestments Twitter: https://www.twitter.com/fidelity Google+: https://plus.google.com/+fidelity LinkedIn: https://www.linkedin.com/company/fidelity-investments ________________________________________________ You know, the world is full of tempting things to buy. Hey, it’s natural to want to enjoy the money you’re working so hard to earn. And it can be even harder when your family and friends are playing the one-up game. You know how it goes: you buy a TV and your neighbor immediately goes out and buys a bigger TV. Or, you tell a friend about your trip to Florida, and they go out and book a trip to Bali. Rather than getting caught up in a no-win game, what if you one-upped yourself by increasing your 401(k) contributions? By investing in your 401(k), you’re putting yourself first, and actually giving yourself the likelihood of more money in the future. “How?” you say? Well, let’s see how your money can make money. Imagine that you make $50,000 per year. You have a 401(k) and you have $5,000 in it. You’re contributing 6% of your income. At the end of 30 years, you could have about $332,000. Now, let’s say you increase your contribution by just 1%, or $500 per year. Spread out over 12 months, that’s about an extra $42 per month. Over the course of 30 years, you could have about $50,000 more of retirement. Every little bit you put away for retirement can make a difference. And you may not have to change your lifestyle to put away an additional $42 per month. In fact, you may not even notice it, especially because it can automatically come out of your pre-tax paycheck. But you would notice the potential for an additional $50,000 in retirement. So, let the neighbors battle over something as silly as who has the nicest umbrella. Take Fidelity’s one-up challenge, and put yourself first for a change. “One-Up” yourself today! Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 679858.5.0
Views: 44568 Fidelity Investments
This brief tutorial will teach you investing 101 and the terminology you need to understand if you're investing as a beginner and want to plan for retirement. In this video we describe everything about investing including: stocks, bonds, cash, asset allocation, portfolios, large-cap, mid-cap, small-cap, risk/reward, and other investing terminology you need to know.
Views: 196096 Smart Investing Trends
While there's no "one-size-fits-all answer" to how much you should have in your 401(k), personal finance expert Ramit Sethi says there are some simple rules to help you get the most out of your savings. » Subscribe to CNBC Make It.: http://cnb.cx/2kxl2rf Your employer-sponsored 401(k) is one of the most powerful long-term investment tools you've got. But a lot of millennials worry about the amount they're saving. "I get this question all the time: How much should I have in my 401(k)?" says Ramit Sethi. It's an important question to answer. About 47 percent of millennials have access to a workplace retirement plan like a 401(k), according to a recent academic report from Stanford University. And of those, around 91 percent participate. Yet many are less than confident in their future. More than any other generation, millennials say they're worried about their financial security in retirement, according to a recent survey published by the National Institute on Retirement. How much should you save? Sethi, the best-selling author of "I Will Teach You to be Rich," says he always strives to be the overachiever, to get the A+. So when people ask him how much to save in a a 401(k), Sethi's response is simple. "You should have maxed it out every year since you were 22," he says. But if you didn't do that, it's OK, Sethi says: "The next best thing we can do is to take full advantage of it from here on out." In 2019, you can contribute up to $19,000 in your 401(k), and if you're over 50 you have some additional opportunities to contribute even more. And if your employer matches, that's extra money on top of whatever you can put aside. "It can be a phenomenal opportunity for you," Sethi says. Even if you're a little further in your career, you still may not be able to max out your 401(k) every year. If that's the case, then Sethi says you should at least make sure you're taking advantage of any employer match that's offered. Once you start investing in your 401(k), no matter how much you're putting in on an annual basis, there are some rules of thumb that can help you figure out where you should be at each age. Think of these as a rough estimate you can reference as you get close to these milestone birthdays: At 30 years old: have at least one year's income invested (so if you make $50,000 a year, that's how much you should have in your 401(k) by age 30) At 40 years old: have at least three years' income invested At 50 years old: have at least five years' income invested How does a 401(k) fit in with your other financial accounts? Investing in your 401(k) is just the first step in creating a secure financial future, Sethi says. He recommends thinking about your savings as a ladder. On the first rung you should contribute to your 401(k). Again, if you can't max it out, save at least enough to meet the share that your company matches. And once you have the account set up, consider investing your 401(k) dollars in a target-date fund, suggests Sethi, since that kind of a fund is a popular, low-cost and effective solution that does the balancing for you and largely takes the work out of your hands. On the side, you should be saving up an emergency fund as well. Sethi recommends aiming to have six months worth of living expenses saved up. The next rung is all about paying off any debt you've got. The interest on your debts, particularly if it's something like credit card debt, can add up quickly. If you've still got money leftover after that, you should focus next on contributing to a Roth IRA. The 2019 limit for this is $6,000 a year, according to the IRS. Still have money left to invest? If you aren't maxing out your 401(k) in the first step, then go back to your 401(k) and add any extra money you have leftover so you're getting as close as possible to maxing it out, Sethi says. Finally, if you have any more cash to save, create a taxable, non-retirement brokerage account and invest in low-cost, long-term funds, Sethi recommends. Keep your savings in this account for mid- and long-term goals, such as a down payment on a house. About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money. Connect with CNBC Make It. Online Get the latest updates: http://www.cnbc.com/make-it Find CNBC Make It. on Facebook: http://cnb.cx/LikeCNBCMakeIt Find CNBC Make It. on Twitter: http://cnb.cx/FollowCNBCMakeIt Find CNBC Make It. on Instagram: http://bit.ly/InstagramCNBCMakeIt Find CNBC Make It. on LinkedIn: https://cnb.cx/2OIdwqJ #CNBC #CNBCMakeIt #401K How much money you should save in your 401(k), according to the author of ‘I Will Teach You To Be Rich’ | CNBC Make It.
Views: 6082 CNBC Make It.
When you sign up for an employer 401k plan, you are allowed to invest in various assets by selecting the percentage you want in each allocation. Generally you need to pick a target fund date suitable for your age and when you wish to retire. The closer you are to retirement, the more conservative it needs to be so that you do not find yourself deep in losses with not enough time for the market to bounce back. Within a 401k you will find many other types of funds and they generally have a high expense ratio would could eat up into your retirement if you keep your money in these funds for a long time. Do think about transferring the assets out if you ever change employers to an individual IRA instead where you will have a lot more options for lower expense ratio ETF funds. In the mean while, you can also search for the lowest expense ratio fund that the 401k plan offers. Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush Try a 30-Day free GameFly trial here: http://www.gameflyoffer.com/beatthebush Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ My Channels: https://www.youtube.com/BeatTheBush https://www.youtube.com/BeatTheBushDIY
Views: 16130 BeatTheBush
Scoot over Rose, the 401K Titanic is sinking... Stay tuned for the BLOOPERS at the end. Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes that each of us has the power to makes changes in our lives, take control of our financial future, and live the rich life we deserve. With perspectives on money and investing that often contradict conventional wisdom, Robert has earned an international reputation for straight talk, irreverence, and courage and has become a passionate and outspoken advocate for financial education. Robert’s most recent books—Why the Rich Are Getting Richer and More Important Than Money—were published in the spring of this year to mark the 20th Anniversary of the 1997 release of Rich Dad Poor Dad. That book and its messages, viewed around the world as a classic in the personal finance arena, have stood the test of time. Why the Rich Are Getting Richer, released two decades after the international blockbuster bestseller Rich Dad Poor Dad, is positioned as Rich Dad Graduate School. Robert has also co-authored two books with Donald Trump, prior to his successful bid for the White House and election as President of the United States. http://www.richdad.com Facebook: @RobertKiyosaki https://www.facebook.com/RobertKiyosaki/ Twitter: @TheRealKiyosaki https://twitter.com/theRealKiyosaki Instagram: @TheRealKiyosaki https://www.instagram.com/therealkiyosaki/
Views: 62665 The Rich Dad Channel
We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 4499 Jazz Wealth Managers
We don't have very much experience with 401k's, but Lauren's work just set one up. I was amazed how horrible our options were. Most funds had a front end load of 5% and the manager wanted 1% of our wealth per year for his "advice." Unfortunately, despite the lack of options 401(k)'s are usually worth it. Between a company match and tax advantages you'll probably recover a lot of those fees. It's just a shame we have to pick the lesser of two evils. Links: Should You Avoid Your Company's 401k (Jim Collins) - http://goo.gl/SOiCRI How to Campaign for a Better Plan - https://goo.gl/JnJZF7 Funds Can't Beat the Market - http://goo.gl/QdplTr Jack Bogle on Fees - https://goo.gl/FVz03k Sign up for monthly income, expenses, and net worth reports! http://newsletter.mikeandlauren.com Help us make these videos: https://www.patreon.com/mikeandlauren Twitter - https://twitter.com/mikeandlauren Instagram - https://instagram.com/lauren_moyer/ Facebook - https://www.facebook.com/mikeandlaurentv Check out our blog: http://www.mikeandlauren.com
Views: 34401 Mike and Lauren
How Many 401K Funds Should I Invest In? 401K Investing For Beginners. Many people have asked me how many 401K funds they should hold in their 401K. I hope provide some guidance in this particular area. Video Outline and Time Stamps so you can quickly jump to any topic: •How many 401K investments is too many? - 2:20 • How many Investments I own in my 401K - 3:29 • Average 401K balance in America for those over age 50 - 4:09 • How to diversify your 401K with only a few investments - 4:40 •The value of choosing your funds wisely - 5:15 • My 2017 401K Performance and 2018 YTD Performance- 6:36 Related Articles to this topic: https://www.thebalance.com/how-many-mutual-funds-should-you-have-4019503 https://www.cnbc.com/2014/12/11/how-many-401k-investment-choices-are-too-many.html http://money.cnn.com/2016/03/30/retirement/diversified-retirement-portfolio/index.html Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Views: 1257 Money and Life TV
Today we're getting you prepped for the best retirement moves you can make in 2019 with your 401k. We have many great investment tutorials on this topic but 2019 approaching is a great time to review some of the basics as well as changes being made to your 401k and the investments inside of them. We'll keep it short today so you can get back on your retirement plan. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Business Affairs 📧[email protected]
Views: 3436 Jazz Wealth Managers
Enroll in our Personal Finance Masterclass for just $10: https://www.videoschoolonline.com/YTFinance How to retire early - let's break down the steps to early retirement. Take a premium course at http://www.videoschoolonline.com/course-library/ This video shows you how to retire early with shockingly simple math. I've been a personal finance nerd for a while, and the idea of early retirement is really interesting. I'm a huge fan of Mr. Money Mustache who wrote a great article on the shockingly simple math behind early retirement. Since I make videos, I wanted to take his theories and break them down into a digestible video. I hope you enjoy! And like I say in the video, please like and share this video, then leave a comment. What do you think? Is this amazing or crazy? What is your savings rate? What other personal finance questions do you have? I credit a lot of this work/theory to Mr Money Mustache. Read his full article about it here (http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/). Also, check out this cool early retirement calculator (https://networthify.com/calculator/earlyretirement?income=50000&initialBalance=0&expenses=17000&annualPct=5&withdrawalRate=4) Script: Hi, my name is Phil. I’m a video creator and online instructor. I’m also a personal finance nerd. Because of that, I want to create a series of videos that breaks down some of the most mystifying topics that plague our society. In a world where people’s finances are typically locked away and not-talked about, I believe opening up the gates of financial conversation will help everyone live a better and smarter life. In this first video, I want to explain the shockingly simple math behind early retirement - thanks to one of my biggest heroes, Mr Money Mustache. While the ability to retire may seem like a distant and unreachable goal for many, the premise comes down to one thing. You need to invest money so that it earns more money. This could be investing in stocks or bonds, real estate, or any other of investment vehicles. As soon as your investments earn enough money for you to live on each year, you are able to retire. Let’s break it down further to know when you can retire. The most important concept is knowing your savings rate, basically how much you make minus your expenses. If you spend 100% of your income, you will never retire… because you will never be able to invest any money that earns money for retirement. If you spend 0% of your income, you can retire right now… because somehow you are living without needing to make any more money. Between 0% and 100% are a number of savings rates that correlate with the years it will take to retire. For this, let’s assume your annual investment return is 5% (which is conservatively low) and your withdrawal rate is 4%… meaning you spend 4% of your net worth each year. For example, if you have a $1,000,000 net worth, and you live on $40,000. If your savings rate is 10%, you will be able to safely retire after 51.4 years. Safely, meaning you will never run out of money. If your savings rate is 25%, you can retire in 31.9 years. 50%, you can retire in 16.6 years. And if you can somehow save 75% of your income, you can retire in 7.1 years. Now getting to that savings rate might not be easy in our world of societal pressures, keeping up with the Joneses, and bad habits. But you can get closer by making smart decisions, avoiding debt, and living simply. The key take away is… Cutting your spending rate is way more powerful than increasing your income because no matter how much money you make, decreasing your spending will speed up the process. A note, The math behind early retirement works if you are working a minimum wage job or a 7-figure CEO salary. It’s all about the savings rate. So if you want to retire in 10 years, the math tells us that you need to save 66% of your income. Now there is a lot that I didn’t talk about - like how to invest, and how to cut expenses to get to a high savings rate. Those will come in a future video. For now, get excited about the honest truth about retirement (and early retirement at that!)! Let me know what you think in the comments below? Is this exciting or bogus? Until next time… start being money smart. Please subscribe to the channel and leave a comment below! Video School Online: http://www.videoschoolonline.com Courses: http://www.videoschoolonline.com/course-library/ Twitter: http://www.twitter.com/philebiner Facebook: http://www.facebook.com/videoschoolonline
Views: 974952 Phil Ebiner
Mark Cuban said I am an idiot 401k being no-brainer, I'm sharing you this video about the pros and cons of 401k. Putting money in 401k is a smart idea because if not, you're not likely saving your money. But let's talk about the the way number gets misrepresented and flaws in 401k that no one tells you. In this video, let's talk about projected returns vs. actual returns and differences of 401k and real estate. Why put your money into something not guaranteed to work? Get back to real estate because the model was never broken, it does work.
Views: 30979 Kris Krohn - Limitless TV
What is a 401k for dummies Are 4o1k plan really any good? 1-800-566-1002 http://www.RetireSharp.com. 4o1k plans are the most used types of retirement accounts. Understand the basics of a 401k plan for dummies and avoid the most common mistakes that individuals make when setting up their accounts. 401k Retirement Plan for dummies A 401k is a type of employer-sponsored retirement plan. It is a way for employees to save for their retirement by having a certain percentage of their paycheck withheld by their employer and deposited into the company's plan. Employers can choose to match the employee's contributions and thereby share the profits of the company with their employees. The plan is usually operated through an investment firm. How does a 401k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 4o1k account. The money in the plan is invested in various financial instruments, such as mutual funds. The money stays in the account until you reach a certain age when it is legal to withdraw the money, or until you meet any of the several exceptions to the age rule. Since the money will be in the account over a period of years, this causes the account to earn money through compounding, so your account grows not only through your regular contributions made from your paycheck but also by earning interest or dividends. How do I make contributions to a 401k for dummies? You make a contributions through your employer. If you decide to participate in the plan, you will determine what percentage of your paycheck that you want to be deposited in your account, and your employer will withhold that amount from each paycheck you receive. The employer then deposits the withheld money into your account, along with any matching contributions, so contributions are made to your account each pay period. When can I withdraw my money from a 4o1k? You can withdraw your money at any time. However, if your withdrawal is an early distribution, you will have to pay an extra tax on the withdrawal.3 What is an early distribution? An early distribution is any money taken out of your 401k before reaching age 59 ½. Early distributions are subject to a 10% tax penalty in addition to regular income taxes, so if you withdraw $5,000 when you are 45, you will have to pay $500 as a tax penalty. However, as discussed in the following question, there are some exceptions that allow you to withdraw money before age 59 ½ without owing the 10% penalty.4 If you leave the company, you can choose to leave your 401k as it is, or roll it over into a Traditional IRA. If I quit my job where I was participating in a 401k for dummies plan, what happens? The money you contributed to the 401k is always yours, regardless of how long you have worked for the employer. Generally, an employer requires that you work a certain number of years before you are vested, which simply means that you are legally entitled to the employer's matching contributions. Therefore, depending on your employer's rules, you may or may not be able to keep the employer's matching contributions. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: What is a 4o1k plan? 401k plan for dummies 4o1k for dummies 401k definition for dummies Best 401k for dummies Are 4o1k plans any good? https://www.youtube.com/watch?v=fKbJdPn2Fi0
Views: 114359 retiresharp
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Views: 192 Financial Investor
Your employer 401k can be a great investment tool when it comes to planning for the future, but how much should you contribute each month? Make sure to comment with your thoughts and opinions! More from Commoncentsmike: How to build credit the right way https://youtu.be/VuvNDPjF How to invest with Wealthfront https://youtu.be/ScV2xk3O_gY Why I use the Capital One Venture Credit Card https://youtu.be/2vo0MFJP7Lw How to pay off credit cards FAST https://youtu.be/CMXupUoWyFk The power of interest rates https://youtu.be/Z2PxGaBCYjw How to refinance car loans https://youtu.be/VPRAlAiy8eU How do credit cards work https://youtu.be/A47e1oxBYlU Banks vs Credit Unions https://youtu.be/Y7HlIbx-ons Is Credit Karma good or bad https://youtu.be/k-UvqfpTVn8 FILMED WITH: http://amzn.to/2lYpGPT Like and subscribe! https://www.youtube.com/channel/UCbVBKfppJ5W56pRkf4EM6XA Email: [email protected] Twitter: https://twitter.com/Commoncentsmike
Views: 5914 COMMON CENTS MIKE
www.freedommentor.com/ira-real-estate-investing Discover what most people will never know about how to invest in real estate using your retirement account, including your 401K or self directed IRA. This is retirement account real estate investing at its best.
Views: 28552 Phil Pustejovsky
Typically, I share videos with silver and gold. They say never put all your eggs in pme basket... Here is a brief share of a few of my mutual fund holdings in my retirement account. +20% year to date 09/2017 +18% for 2017 Notable holdings include: ☆Fidelity OTC K +30%YTD (skip to 03:00) ☆Fidelity 500 Index +13%YTD ☆Fidelity Contrafund +23.8%YTD ■Looking to share, exchange ideas and knowledge, and learn more - the goal being to be able to provide a comfortable lifestyle for my family. Favorite tools of the trade (how I create videos): ●CRKT Peck Knife: http://amzn.to/1UIrgA0 ●I don't leave home without my Mini tripod: http://amzn.to/2dA4Hfp ●Road Scenes - GoPro Hero 5 Session: http://amzn.to/2imWwcG ●Filmed with Samsung Note 4: http://amzn.to/2ebV7iG ●Backup camera Canon T5i: http://amzn.to/2dQNPq8 ●Canon EFS 10-18mm Lens: http://amzn.to/2eNNeA6 ●Main tripod: http://amzn.to/2dQM1NV ●MacBook Pro 13” 2016: http://amzn.to/2jJal6E
Views: 7642 lanceoa
Should you pill money out of your 401k for real estate? Do you want to have control over your 401k? Ending the debate with Steven Michael Miller, we're here to help you on how you could use your 401k to invest on more real estate. In this video, we'll show you two options: Should I self direct my 401k or should I take the taxes and penalties and buy real estate? At the end of the day, it all depends on your personal preference, risk tolerance, and goals.
Views: 12996 Kris Krohn - Limitless TV
Find Your Pros!: https://goo.gl/ErzQgu Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 506587 The Dave Ramsey Show
Sometimes, saving for retirement could be overdone and hurt your current financial needs. One has to remember that while there are a lot of tax advantages to contributing to a 401k plan, contributing too much could cost you more in the long run. It is important to first collect all possible matching supplied by your employer first. The amount to contribute more than that should be determined if this is 'investing' money. That is, if its money you do not need to buy things, saving for a down payment on a home, or may need it for certain things before you retire. Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY
Views: 104892 BeatTheBush
http://www.totaloptionsblueprint.com/ Total Options Blueprint teaches consumers how to take control of their 401k plans and make money monthly. In this video we cover some of the secrets of maximizing your 401k. I will teach people how to use these strategies to retire rich. My mission is to show people how to retire and create retirement income.
Views: 17200 Jared Rentz
Our offerings under Rule 506(c) are for accredited investors only. GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. 401K’s are not ok. Who’s got your money? You don’t want Wall Street having it. They created the 401K and are supported by politicians. They want your money now while you are young, so they make a pitch to the middle class to get people to give every month and keep your money for the next 40 years. You don’t need to go to Wikileaks to find all scams. To invest with somebody like Grant in real estate, they won’t let you because they made laws so that you have to make 200K a year first. They will let anybody invest with Wall Street though. The 401K gives no cash flow! You’re trapped. 2.8 trillion dollars are trapped in 401K’s, and people don’t even know who they are sending their money to. Would you give a stranger on the street corner money? It can be wiped out overnight, people lose 30% of their savings just like that. Don’t do 401K’s for three reasons: 1.You lose access to your money 2.You lose control of your money 3.You lose choices with your money Our offerings under Rule 506(c) are for accredited investors only. FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can by accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at www.cardonecapital.com #business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation
Views: 11757 Grant Cardone
Real Estate With Your 401K One option for investing in real estate is to borrow from your 401k. Taking out a loan from your retirement plan allows you a large chunk of money with which you can purchase an investment. Today we’re diving deep into the topic of how to buy real estate with your 401k loans. We'll share misconceptions about 401k accounts, and how you can use yours as a tool in your investment arsenal. VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: http://www.morrisinvest.com LISTEN TO THE PODCAST: iTunes: https://itunes.apple.com/us/podcast/investing-in-real-estate-clayton/id1115024566?mt=2 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 18470 Morris Invest
Should You Cash Out Your 401k to Buy Real Estate? One of my favorite strategies for purchasing cash flowing real estate is taking a loan from my 401k plan. But today, I want to talk about something different: totally withdrawing from your 401k in order to purchase a rental property. In this video, you’ll learn about the big problem with 401ks. You’ll also learn how to best weigh your options if you’re thinking about cashing out your retirement account. I’ll share the advice I received from my tax accountant, and discuss the fees associated with withdrawing from your 401k. This video is for you if you are assessing all your options in order to become a real estate investor. You’ll learn about the differing guidelines for 401k policies, as well as how to change the Wall Street mindset around 401ks. BOOK A FREE CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/DNIIh0 CHECK OUT OUR OTHER GREAT VIDEO PLAYLISTS LIKE: VIDEOS ABOUT TURNKEY REAL ESTATE INVESTING: https://goo.gl/1bGEhB OR VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://goo.gl/dPfWeY OR VIDEOS ABOUT REAL ESTATE NEWS https://goo.gl/m1b3U8 SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://goo.gl/Polf6I LISTEN TO THE PODCAST: iTunes: https://goo.gl/vM969n FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 45134 Morris Invest
Are 401k's or IRA's good investments? Or are you giving up too much control for speculative investing. You want to be in control of your financial future. Social Security is something that we have been relying on for years and supposedly funding your retirement but the system is broken. Here's what Steven and I, really feel about the 401k and IRA. Watch and Enjoy! Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://limitlessmentor.com/TV The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Views: 8624 Kris Krohn - Limitless TV
Listen to Dan Live everyday at https://www.financialissues.org Like Dan on Facebook: https://www.facebook.com/financialissues Follow Dan on Twitter: https://twitter.com/financialissues Watch & Listen to the Truth: Dan's Commentary Videos 2016 Republican President will improve US Markets: http://bit.ly/1TlEDWb Exclusive Interview w/ Gov. Mike Huckabee: http://bit.ly/fismgovh Economic Armageddon / Keep Cash at Home: http://bit.ly/1QpTWu8 Let's be real the Economy is Bad: http://bit.ly/1OMPQMd Financial Issues - Program January 11, 2016 *Information given by Dan could be based upon time sensitive market data or economic situations that are subject to change.
Views: 4472 Financial Issues with Dan Celia
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! ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 3806 Jazz Wealth Managers
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 420017 The Dave Ramsey Show
This video shows investors how reducing their investment expenses can improve the performance of their portfolio.
Views: 7418 Retirement Investor
There are a few different factors that go into how you will invest your 401k funds after retirement. To download the free 401(k) Rollover 10-Point Checklist go to http://retirementplanningmadeeasy.com/401krollover Your 2 big options are: 1. Leave your funds at your old employer 2. Rollover your 401k into an IRA If you leave your funds at your old employer, be sure to check the partial distributions rule. They may not allow partial distributions. In other words, if you want to make a withdrawal after retirement you may have to take the whole amount out. Check with your plan to know its rules. Even if you don't roll over your 401k funds after retirement, you still need to know your risk tolerance and time horizon for your investment. You then need to align your investments within the 401k to meet your risk tolerance and retirement goals. You don't want to be too aggressively invested if you can't handle the large market swings that come with more aggressive funds. Under option 2, you can roll your 401k into an IRA. You will have more investing options and better beneficiary options this way. You will need to understand your risk tolerance and time horizon for this investment. You then need to match up your investments to meet those retirement goals. Some 401k investing tips after retirement: 1. You will probably be more conservative with your IRA and 401k investments after you retire. 2. After you retire, this is money you cannot replace. 3. Your IRA / 401k must last you throughout your retirement. 4. Have an investment plan in place for how you invest your 401k funds and your IRA funds. To download the free 401(k) Rollover 10-Point Checklist go to http://retirementplanningmadeeasy.com/401krollover And be sure to check out more videos / articles and retirement information at http://retirementplanningmadeeasy.com/ Disclosures: Investment Advisory Services offered through Retirement Wealth Advisors Inc. (RWA) a Registered Investment Advisor. Retirement Planning Made Easy / Tri-State Financial Group and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision. This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Retirement Planning Made Easy / Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors Inc.
Views: 3125 Retirement Planning Made Easy
Get your free 401K checkup and answer your retirement investing questions with Blooom https://mystockmarketbasics.com/blooom I love 401K investing but few plan administrators do a good job at answering questions and helping investors to understand the programs. It’s too bad because these are excellent opportunities when it comes to saving for retirement. In this video, I’m going to show you how a 401K works, how much to put in a 401K and answer all the most common questions in how to invest for retirement. This is the second 401K tutorial in our three-part series with Blooom, an independent provider of 401K plan investing that connects with your existing 401K plan to help you make your retirement plan work better. The service works with almost any 401K account including Fidelity 401K, Prudential 401K, Vanguard 401K funds and Wells Fargo 401K. We covered some of the biggest 401K mistakes like 401K loans in the first video and got a lot of questions. I wanted to create this video to answer the most common questions like how much should I contribute and how a 401K works. What is a 401K? 401K Balances by Age What is 401K Vesting? How Much to Contribute to 401K? Should I Borrow from My 401K? How to Invest in a 401K SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. The information is provided for discussion purposes only and should not be considered as advice for your investments. Please consult an investment advisor before you invest. Investing involves risk. Your investments are subject to loss of principal and are not guaranteed. Blooom is limited to the funds available in your employer sponsored retirement plan. There is no guarantee blooom can or will reduce your fund expenses. Source *Retirees living in poverty: Kaiser Family Foundation analysis of Current Population Survey, 2017 Annual Social and Economic Supplement https://www.kff.org/medicare/issue-brief/how-many-seniors-are-living-in-poverty-national-and-state-estimates-under-the-official-and-supplemental-poverty-measures-in-2016/ Source *42% reduction in fees from Target Date funds: https://www.blooom.com/learn/facts-and-stats/ Source *Forbes quote fees cost to investor: https://blog.blooom.com/pitfalls-going-alone-401k/
Views: 1374 Let's Talk Money! with Joseph Hogue, CFA
5 GREAT REASONS TO LOVE HSA'S! Get more info today! click below: HSA Bank Online Enrollment Link (IOE): https://secure.hsabank.com/enrollment/?ain=1030162 How much can you contribute? Who Can Use HSA’s? What about the burden of having a high medical insurance deductible? How does the money grow in a Health Saving Account? Blog Post - Health Savings Accounts are Fantastic for Retirement! https://wp.me/p1TqAR-uu Learn about best ways to invest money in 2018. And don’t forget to visit and learn more here: http://www.lifeplanningtoday.com Don’t Forget To Subscribe - https://www.youtube.com/channel/UCGXJ4H8eyPZyK6wHTk4CAAg
Views: 1544 Brad Rosley
In this episode, we get a lesson in the power of a little know self-directed retirement vehicle know as the 'Solo 401K'. It's for small business owners, perhaps more flexible than anything else out there, and is an awesome tax shelter. It's cousin, the self-directed IRA, is more widely known, but the Solo 401K actually has much more tax sheltering ability, and if you're a small business...you simply must consider it. Dmitriy Fomichenko, President of Sense Financial, tells us all about this sweet little wealth building tool...so check it out! To watch this full episode, please visit: http://shows.flipnerd.com/investing-with-solo-401k-accounts/. To find off market wholesale real estate deals, visit: https://flipnerd.com/property/list . To join the most powerful site in existence for real estate investors, please visit: https://flipnerd.com/register/user
Views: 7799 FlipNerd
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! ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 62937 Jazz Wealth Managers
Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar You've been told to put money in a 401k, but do you know the average return? What's the difference between a 401k, IRA, and trading stocks? Is a home a better investment than 401k or IRA? Article that agrees that in real life, you'll get about a 5% return on 401k's http://www.interest.com/401k/news/kin... James Altucher says that you shouldn't buy a house at all: http://www.jamesaltucher.com/2011/03/... The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineered... ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 352148 ENGINEERED TRUTH
Here’s a step by step guide of How to Invest in 2019 and the basic strategies to begin investing and growing your wealth - enjoy! Add me on Instagram/Snapchat: GPStephan Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ Get $50 off for a LIMITED TIME with code ThankYou50 - The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $125 million in sales: https://goo.gl/UFpi4c First, for those just looking for a basic place to put their money, we have the almighty Ally Bank Savings Account that currently offers a 2% interest rate. You can also use a few other high interest bank accounts, like Barclays, Sychrony Bank, or American Express Savings…they all currently offer around a 2% return. Second…and this is arguably the most important part of this entire video…when it comes to investing, especially if you’re JUST starting out, is set up a Roth IRA. This is basically an account that you can put money into, and by the time you’re 59.5, you can pull ALL of your profit completely tax free without paying ANY capitals gains tax. Vanguard has a great option for a Roth IRA if you chose to invest with them. Now third, in terms of WHAT to invest in, my BIGGEST recommendation for MOST people out there is to invest in an index fund with a low expense ratio. When people always ask “how can you get an averaged 8% return”…this is pretty much my advice. Long term, historically, over the last century, the stock market has returned about 8% annually, adjusted for inflation, with dividends re-invested. Ok…number 4…and I figured I’d put this here instead of listing it back to back with the Roth IRA…but that’s setting up a Traditional 401k. This is an account where whatever you contribute is deducted from your total taxable income, and you can grow your investment tax free until you take it out at 59.5. This means that you’ll have MORE money to invest because you’re paying LESS in taxes. The “catch,” however, is that you’ll pay taxes on whatever you take out of your account after the age of 59.5. Now number 5…back to investment options. If you want to, or you’re interested in doing a little more work, you can invest in individual stocks. I personally recommend you try to do this within a Roth IRA or 401k to avoid getting taxed on your profits…but this isn’t required. You can just as easily open an account on Robinhood, invest in individual stocks commission free, and reap some pretty great returns. Now Number 6…my favorite…obviously…is investing in real estate Real Estate. Now unfortunately, this is one of those things that you’ll probably need to work up to. Especially if you’re just starting, unless you have a decent amount of money to already work with, I’d probably recommend saving up or investing elsewhere and then coming back to real estate one you have some capital to work with. Typically, you’re going to need about a 15-20% down payment - which could be a lot of money depending on where you’re planning to invest. But real estate is my favorite for a few reasons: The first if that you get immediate cashflow from renting it out. Second, because of all of the tax deductions, most of that income you make is tax free Third, you’re able to BORROW most of the money to buy real estate and slowly pay that off over time Fourth, you’re building up equity as you pay down the loan - so eventually you’ll own it outright And finally, the property is likely to increase in value over time This is why it’s no surprise that 90% of the world’s millionaires are created through investing in real estate…and I’m absolutely no exception! And finally…number 7…drum roll…is investing into a business. And this is probably where you can get the highest return from just about ANYTHING I’ve mentioned so far, or pretty much ANY other investment out there. Now these are just a few ideas for you to go out and consider…some people might say forex trading, swing trading, etc, the list goes on. But as I mention time and time again, the higher the return, the riskier the investment, and that’s absolutely something to take into consideration. For business inquiries or paid one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq
Views: 352906 Graham Stephan
This is one of those things I wished I would’ve learned and had done when I was younger - open up a Roth IRA retirement account. And because it saves you from paying taxes on your earnings and profits later on, I’m all about it. So this is what a Roth IRA is and this is why it’s so important to have one! Click “SHOW MORE” to read my full thoughts. Also feel free to add me on Snapchat / Instagram: GPStephan So here’s what it is - and because this confused me when I was younger, I’ll break it down as simple as possible. A Roth IRA is a type of investment account that you can set up where you invest your money today - up to $5500 per year with no immediate tax deductions - and can pull out your profits and earnings tax free when you’re 59.5. That means you pay NO TAX on YEARS of compounded interest and earnings. Your tax free profits just makes you MORE tax free profits. And it snowballs into a LOT of money. This is best done when you’re young for a few reasons…the money you invest in a Roth IRA is done post tax, which means taxes are already taken out of the money that you earn at the time you invest it. So if you make $20,000 from a job, you might be left with only $17,000 after paying taxes…so this $17,000 is now “post tax” money. The reason is best when you’re young is that chances are, you’re not earning a ton of money compared to what you WILL be earning. When you’re earning a lot of money, it’s about reducing what you owe in taxes because the more money you make, the more money you’re generally taxed. When you’re not earning a lot of money, you’re already in a lower tax bracket, so it’s advantageous to take advantage of that and pay the taxes now to invest - because in the future, you’ll hopefully earn a lot more money. Especially if you’re 18-30 and not earning a lot of money, this is PERFECT for you. When you start earning more money, there are other accounts that might make more sense for your situation. So here’s what I would do: If you’re under the age of 18 and have a job that you’re making money with, you can ask your parents to open a Roth IRA account for you. From there, you contribute money you’re making from your job - keep in mind you cannot contribute more than you earn, so if you earn $1000 that year, you can only contribute $1000. If you’re over the age of 18, right after this video is done, just go online and sign up for a Roth IRA. I use Vanguard and they’re awesome, many people use Charles Schwab or Fidelity - just make sure the account has low fees. You can contribute up to $5500 of earned income every year - if you make too much money, you can look into doing a backdoor Roth IRA contribution. I recommend putting in as much as you can afford and forgetting about it. The advantage is that since there’s compounded interest, the sooner you put your money in, on average, the more you’ll have by the time you retire. Is this a boring investment strategy? Yes. But it’s effective. I recommend just doing this on the side with what you can afford, while continuing to invest elsewhere or investing in yourself. Just to give you some ideas, if you invest $1000 per year at 18 and retire at 60, you’ll have $264,000…of that, you only contributed $43,000 over 42 years, meaning you just made $221,000 of tax free money. If you invest $2000 per year at 18, same situation as above, you’ll have invested $86,000 and made $444,000 of tax free money. If you invest the maximum right now of $5500 per year at 18 years old, you’ll have invested $231,000 and made over $1,200,000 in tax free money. If you just do $5500 per year at 18 years old, you can retire a millionaire without doing anything else. This average figure includes inflation, by the way. I hope this video helps and that this sets you up for future financial independence. Add me on Snapchat: GPStephan Add me on Instagram: GPstephan For business inquiries, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq
Views: 561698 Graham Stephan
http://www.profitableinvestingtips.com/profitable-investing-tips/how-to-invest-your-401k How to Invest Your 401k By www.ProfitableInvestingTips.com A great way to save money and defer taxes is with a 401k plan. We consider how to invest your 401k. The limits on how much you can invest tax free each year in a 401k are higher than with an IRA. In the USA a 401k plan is a tax-qualified, defined-contribution pension account defined in subsection 401(k) of the Internal Revenue Code. Money is deducted from a paycheck before taxes and commonly is matched by a contribution from the employer. As of 2013 the maximum pre-tax annual amount allowed for a 401k was $17,500. This money can be invested in a variety of ways and can grow tax free over the years only to be taxed when the individual decides to withdraw, typically at retirement. In some 401k plans a post-tax contribution is also allowed. Post-tax contributions also are allowed to grow within the 401k account tax free until withdrawal. Make sure that you understand how your 401k works and get competent tax advice if you are confused. In this article we have a few ideas about how to invest your 401k. Remember that when you take your money out of your 401k it is taxed as ordinary income so your retirement years when you have no salary are the best times to withdraw your money. How to Invest Your 401k: How It Works When you put your money in a 401k or other tax deferred plan you are dealing with marginal tax rates. This has to do with the amount of tax paid on an additional dollar of income. The marginal tax rate for an individual will increase as income rises. When you put money in your 401k you are taking money that you would invest or save anyway. And you are not taxed for this last bit of income so long as it goes into your 401k. That can be a savings of around 25%. Then the appreciation of your investment in the 401k is allowed to increase without yearly taxes. For example, if you have a dividend stock in your 401k portfolio you will not be taxed on the dividends over the years. Likewise, if you buy a growth stock and then sell it after a big run up you will not pay capital gains on the stock while it is in your 401k. When you do pay taxes, it will be when you are retired and typically in a lower tax bracket. The exponential growth of your investments is substantially better when not taxed until it is taxed just one time on withdrawal. This is why a 401k is a preferred way to save. How to Invest Your 401k: Best Vehicles Always remember that how you invest your 401k versus investments with other vehicles has to do with the tax advantages of deferring taxes until after an investment has exponentially appreciated in value for many years. As an example you would not want to put municipal bonds in a 401k because they are already tax advantaged. In our most recent articles, Invest Your Money, we note that you should pay off credit card debts, purchase a home and have a rainy day stash in the bank before thinking about investing. To a degree this also applies to the first years of how to invest your 401k. Thereafter think of long term growth stocks, hot stocks that you can buy cheap and sell when then they run up and avoid the immediate tax consequences and stocks with a substantial margin of safety. This is because the worst thing that can happen is that you play with your 401k and lose everything. The way to save money on paying taxes on investment income is decidedly not to have any 401k withdrawals on which to pay taxes. http://youtu.be/SC8EwdM45U0
Views: 3960 InvestingTip
I came across a Grant Cardone video where he explains the 401k is a scam…but is it? Lets do the FACTUAL analysis and find out ;) Enjoy! Add me on Snapchat/Instagram: GPStephan Original Video: https://www.youtube.com/watch?v=hE0SvSJ1bkk&t=195s Join the private Real Estate Facebook Group: https://www.facebook.com/groups/therealestatemillionairemastermind/ MeetKevin’s Channel: https://www.youtube.com/user/KevinPaffrath For those that don’t know, a 401k is basically just a type of retirement account where the money you invest is deducted from your total taxable income, and therefore you end up showing less income and paying less taxes…by doing this, you end up having more money left over so you have a larger amount to invest with. Then when you hit the age of 59.5, you can begin withdrawing that money - but you pay taxes at THAT time, instead of paying taxes upfront. So this gives you a larger amount upfront to work for you and make more money long term. But Grant Cardone says it’s a scam setup by politicians to steal your money….hmmm…. Here’s the moral of the story here, from my perspective. And as always, I do my best to be as neutral as possible and just stick with the facts and the way I interpret these strategies. A 401k is a fantastic part of a well diversified retirement portfolio by investing with pre-tax money that’s allowed to grow at a quicker rate with more money in invest. It should not be the ONLY thing you invest in, and you shouldn’t rely on this entirely for a retirement. But it’s absolutely not a “Scam” by any way I see it. The ONLY thing to out watch for is that many employers offer extremely overcomplicated, overly expensive 401k plans that aren’t worth it - namely because of management fees. If you’re paying a 1% annual management fee, with an actively managed fund that underperforms the stock market, adjusted for inflation, you could basically be sitting there earning only a few percent per year and tying up for your money until retirement. That’s terrible. Many employers have also been under fire for secretly PROFITING from your 401k plans, but using these companies to get free services elsewhere, but making up for that cost with high-managed 401k fees. This isn’t the norm, but it does happen…for employers, they don’t care what fund they use because it doesn’t effect their bottom line…but it effects YOURS. So it’s important to do your research and understand what the 401k management fees are and decide from there if it’s worth it. I pay 0.04% annually with Vanguard…although the average is 0.97%, which is over 2400% HIGHER than I pay…and that’s absurd. So my biggest recommendation is to check what your employer offers, decide if the fee is worth it to you - but you may as well contribute up to their employer match, where they give you $1 for $1 what you put in, since this is absolutely free money. And yes, it is true that I invest the MAJORITY of my money in real estate…but I utilize everything I can so I have as many options to chose from. I have a Roth IRA, which is money that grows tax free until 59.5…I have a SEP 401k, which is pre-tax money that is reduced from my earned income so I pay less in taxes, and I have real estate which is my focus. They each have their benefits, they each have their drawbacks, but nothing is a “Scam.” Except Bitconnect. For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 109820 Graham Stephan
How much should you contribute to your 401k? In many cases people just guess at a random 401k contribution when they get setup. In reality you want to be sure you contribute up to the match (if there is one) from your employer. The employer match is FREE money so you have to contribute up to that amount. From there you may consider moving on the the Roth IRA which allows more flexibility and control. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Business Affairs 📧[email protected]
Views: 2297 Jazz Wealth Managers