Видео

Is the Chartered Wealth Manager different from a CFP?

Until your spouse treats herself to a new car without your involvement and puts the down payment on a joint credit card

Your 2022 example is not correct. First it assumes you know when a down market will start to rise. Even hitting the bottom does not improve the math. If it did then it would conflict with your earlier correct statement that the only thing that matters is the tax % you ultimately pay whether today or after. A lower account balance when converting does not alter that calculation

Good video. Appreciate you point out only tax rates matter. Don’t forget when you convert you pay all tax at your current marginal rate vs deferring where potentially you will pay a portion at lower rates, pending your other income.

The RMD penalty is 25% now. Still high but not 50%.

Don’t copy Ed Slotts ticking tax timebomb catchphrase

I can assure you my tax bracket will be lower in retirement. With that said, good video.

You have the option to connect your primary account to your yield account...

Our founding fathers taught us a better way. We are just cowards.

What you’re describing is an “Accredited Investor” & the SEC defines them as 1) having $1Mil net worth excluding their primary residence 2) individuals with income earnings of $200k/yr for last 2 years & expectation of those earnings next yr or 3) a couple with $300k earnings per year, etc… you could also pass the Series 65 exam & earn accredited investor status, regardless of income. A “high-net-worth” individual is someone with $5-30million+ net worth, “ultra high-net-worth” is $30M+ & neither are legal terms with SEC oversight like “accredited investor”.

Some plans don't have match and some plans won't allow you to participate in contributions while paying back a loan.

Im feeling like everything im just learning these options that was put in place for my mom and also myself as im began to age' i feel like someone knew all this information ' while i was in a state of grief.and absolutely no took the time to explain these thing too..me Oh oh oh oh Im so glad i believe in Jesus.and the HOLY ONE!!!!!!!

Doesnt Blackrock own the 529 investments? Vanguard gets the money that you could put into a savings account at no risk or put into this 529 and risk it all as investments are shady af

Isn’t “Coke Industries” in the list twice? I guess the absurd Supreme Court together w/ Far Right politics takes a ton of money.

Its really a shame that all those ten men are so damn poor...lets start a collection for them..😊😊

A great percentage of Wal-Mart employees are on state aid supplementing their income just to survive and this lady with a huge paycheck and wallet. Paleeeze

yeah. let's pay their workers more.

Employees at Wal-Mart have absolutely no clue who Alice Walton is. If she walked up to one and showed ID they would still not know who she is or why they ever get a pay check working at Walmart.

How did Nissan make it to the list ;-;

And none of them r gorgeous

The thing about a retiree supposedly needing 1 year of expenses in case the market goes down and they have to sell, is that as you mentioned, they might have SS, pensions, rental income, etc... So they might not be using that retirement income to cover expenses and such, or at least not 100% of them. You really need the emergency fund to handle emergencies and/or any amount you might need to pull in a down market. But that is likely to be less than 1 year of expenses. If your pension, SS, etc covers your rent/mortgage, utilities, medical, you might only need the emergency fund to cover a small amount of the expenses left. Don't get me wrong, a larger emergency fund is always better than a smaller one... ;-) But remember these decisions have consequences. Feeling they need a year if they don't have it as they get closer to retirement, someone might delay retirement until they get that 1 year buffer. Was that worth it? Or maybe they decide to not invest as much in order to fund that larger emergency fund. So they get to retirement with the proper amount in the emergency fund, but have put less in their investments as a result? I just think that these types of decisions can have a lot of variables. Maybe they should delay their retirement. That could be the case... But maybe they or their spouse has some health issues (or is just older) and a delayed retirement isn't the best idea...

Sick of all these taxes.

The information stated at the beginning of the Affordable Care Act section is untrue. A college student cannot open an HSA account while being a full-time college student because they are considered by the IRS to be an eligible dependent. It does not matter if the adult child is not being claimed on their parents tax return. What matters and what makes the child eligible to contribute to their own HSA is whether they are considered an eligible dependent by the IRS or not. Full time students under the age of 24 are still considered an eligible dependent according to the IRS therefore they cannot contribute to an HSA. Am I wrong CFP?

Some people are going to have an issue with number 6

I use to go to 3 different gas stations and put $5 of gas in each time because I had no money but transactions $5 or less with chase bank you avoid a $34 overdraft fee. Probably a better explanation of inflation. It the 50’s and 60’s they could save for 6 month and buy a new car with no loan. A few years and buy a house.

As an investing enthusiast, I often wonder how top level investors are able to become millionaires of investing. . I’ve been sitting on over $545K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or diversify ?

Do THIS every time you get paid.✅ruclips.net/video/Ce-UuYjMNmI/видео.html

Thank you so much!!

I keep trying to tell everybody I know to put their money as much as they can in a high yield savings account. I started doing this in 2017, actually when interest rates were really low. I’m so glad it did. I just park as much money as possible there, to collect interest, and use when needed. I’m going to be sad when rates start coming down later this year (2024) 😕

Doge to 1$

Self-Directed IRA's are also an investing option worth considering! You're in charge of your own destiny...

I have a 401k with old employer. I do not want to roll it over to new employer plan. What should I do so I can move my old 401k and still be able to get a hardship loan or for kid college education if I need it in the future ?

New subscriber, I wish I had found you 20 yrs ago.. 70 yr old

I rolled over 401k to Traditional IRA. Can I get a loan from a traditional loan, or does it have to be 401k?

Dave ramsey made me rich

I believe the biggest thing most may have to remember when opening a Roth IRA account, is that YOU have to INVEST your money in order for it to grow.

My main thing now is to change my mindset and habits so I live within my means.

But HOW MUCH CAN I LOAN?? 50k only!!!

Can you combine inherited IRAs that are both traditional?

Thank you very much for this informative video.