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Alex Rae - Personal Finance
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Добавлен 19 май 2020
Welcome to my channel! I am a personal finance enthusiast. As part of Gen Z, I am passionate about making financial literacy accessible for the younger generations. My videos are focused on financial independence, early retirement, and the path to financial freedom.
~ Financial Literacy for the Next Generation ~
~ Financial Literacy for the Next Generation ~
Avoid This 6-Figure Roth IRA Mistake
In this video, we cover 10 common mistakes investors make with their Roth IRAs that can cost you up to half a million dollars or more. Whether you're a seasoned investor or just starting out, understanding these pitfalls is crucial for maximizing your retirement savings. We'll walk you through each mistake, explaining why it's costly and how you can avoid it to ensure you're on the right path to financial security. Stay tuned to see if you're making these mistakes and learn how to avoid them starting today.
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✔️ WATCH NEXT! ✔️
► Roth IRA at Charles Schwab: Complete 2024 GUIDE (Open, Contribute, Invest): ruclips.net/video/U6rvCKkRZ4M/видео.html
► Automate Your Investments at Cha...
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✔️ WATCH NEXT! ✔️
► Roth IRA at Charles Schwab: Complete 2024 GUIDE (Open, Contribute, Invest): ruclips.net/video/U6rvCKkRZ4M/видео.html
► Automate Your Investments at Cha...
Просмотров: 19 209
Видео
Charles Schwab Mobile App 2024 (Complete Tutorial: Trade & Invest)
Просмотров 19 тыс.3 месяца назад
In this video, we dive deep into the Charles Schwab mobile app, setting you up to successfully manage your investment portfolio entirely from your phone. Discover how to track investment income, manage positions, analyze gains and losses, and even set up personalized watchlists to keep tabs on your favorite securities. We also explore the Markets tab for broader market insights and delve into t...
The 5 Investment Fees Explained (For Stocks, Mutual Funds, Index Funds, ETFs)
Просмотров 1 тыс.4 месяца назад
This video discusses the five main costs associated with investing in individual stocks, bonds, mutual funds, index funds, or ETFs. We start with trading commissions, which are flat fees charged by brokerages for buying or selling shares, although many brokerages now offer commission-free trading. Brokerage fees are typically charged annually for administrative purposes, with many brokerages no...
This Really Old Law Could Get You EU Citizenship (for free!)
Просмотров 3,1 тыс.4 месяца назад
Discover how I obtained EU citizenship, all thanks to my great-great-grandfather and a teeny-tiny European country, and how you might be able to do the same! Luxembourg's unique citizenship laws, where descent restrictions don't apply, allow generations of descendants to reclaim their citizenship. With a bit of research and some paperwork, my family and I successfully reclaimed our Luxembourgis...
Roth IRA at Charles Schwab: 2024 UPDATED Guide (Open, Contribute, Invest)
Просмотров 74 тыс.5 месяцев назад
This step-by-step video covers how to open, contribute to, and invest in a Roth IRA at Charles Schwab, updated entirely for 2024. Getting started investing can be daunting, but Roth IRAs are a great option for beginners. They are accessible to nearly everyone with earned income and allow you to grow and invest your money completely tax-free. After opening and contributing to a Roth IRA, it is r...
10 Things To Do After Buying a Home
Просмотров 694Год назад
You bought a house, yay! But don't celebrate too quick, because the fun is just getting started. Now that you don't have a landlord to call when things break, you need to be responsible for all repairs and home maintenance. Luckily, there are some things you can do to prevent problems before they happen. This video covers some of the most critical items you need to do immediately after purchasi...
The 3 Stock Order Types Explained (Market Order, Limit Order, Stop Order)
Просмотров 11 тыс.Год назад
What are the differences between market orders, limit order, stop limit orders, stop loss orders, and stop orders? This video covers the stock order types in detail so you understand how your stock market transactions are executed. Market orders execute the transaction as soon as possible at the current market price, which may not reflect the price you see when you initiate the transaction due ...
What To Do With 401(k) After Leaving a Job? (401(k) Rollover, Roth/Traditional IRA Rollover)
Просмотров 1,6 тыс.Год назад
This videos covers the 4 options you have with your 401(k) after leaving your job and the pros/cons of each. You can rollover your 401(k) to your new employer's plan, you can keep it where it is, you can rollover your 401(k) to a Roth IRA or Traditional IRA, or you can cash out your 401(k) (although this is not recommended). Your contributions are always yours to keep, but you might not keep yo...
I Was Forced to Quit YouTube (Explaining My Absence)
Просмотров 2 тыс.Год назад
I'm so sorry I was gone for so long, and I'm so excited to be back! 🔴 Subscribe for more personal finance videos: ruclips.net/user/alexraepersonalfinance 👉 Follow me on Instagram! alexraefinance ✔️ WATCH NEXT! ✔️ ► Investing for Beginners 2021 (Step-by-Step) | How to Get Started - ruclips.net/video/0q3Y35Ao8g0/видео.html ► Roth IRA at Charles Schwab: How to Open, Contribute, and I...
Best Credit Cards for Beginners 2021 (NO CREDIT HISTORY!)
Просмотров 3703 года назад
What are the best starter credit cards for beginners with no credit history? Should you get a secured or unsecured credit card, and what's the difference? How do credit card deposits work? We'll cover all those questions and more in this video. First, you need to understand the difference between secured and unsecured credit cards. Secured credit cards require that you put up a deposit - usuall...
Three Fund Portfolio (The Easy Way to Invest!)
Просмотров 8 тыс.3 года назад
The Three Fund Portfolio is a common investment approach that is beginner-friendly and has a proven track record of success. With this investment approach, you get large amounts of diversification in the domestic and international stock markets the domestic bond market while holding only 3 index funds. It's simple, quick to set up, and low-cost. In this video, I explain the key benefits of the ...
Investing for Beginners (Step-by-Step) | How to Get Started
Просмотров 6 тыс.3 года назад
In this video, I will show you how to invest in the stock market in 5 beginner-friendly steps. Getting started investing in 2021 is easy if you follow this guide. We discuss how the stock market works, the questions you need to ask yourself before making your investment, how to choose an investment account type (Roth IRA, taxable brokerage, 401k, etc.), how to choose an investment brokerage, ho...
Automate Your Investments at Charles Schwab
Просмотров 38 тыс.3 года назад
How do you automate your investing strategy at Charles Schwab? How do you automatically purchase shares on a weekly or monthly basis? If you want to take advantage of dollar-cost averaging, you should set up automatic investing. Whether you're investing in mutual funds, index funds, ETFs, stocks, or bonds, it's possible to automatically invest within your portfolio. If you are investing in an e...
How to Buy Stocks on Charles Schwab (Beginner-Friendly!)
Просмотров 14 тыс.3 года назад
This is a step-by-step beginner-friendly tutorial on how to buy stocks, index funds, mutual funds, and ETFs on Charles Schwab. This tutorial is suitable for any type of investment account at Charles Schwab (Roth IRA, brokerage account, etc.). After watching this video, you'll have the information you need to make your first investments on the Charles Schwab trading platform. 🔴 Subscribe for mor...
Average Income by Age, Gender, Race, and Education in the USA (How Do You Compare?)
Просмотров 2,7 тыс.3 года назад
What is the average income in the US by age, gender, race, and education? In this video we go over the annual salary of the average full-time American worker split by many different demographics so you can compare how your income stacks up. These stats should help you figure out how much money you should be making for your age, gender, race, and education level (compared to the averages). The g...
How to Check Your Credit Report (Free, No Negative Impact!)
Просмотров 2,3 тыс.3 года назад
How to Check Your Credit Report (Free, No Negative Impact!)
30 New Year's Resolutions that Will Make You Rich
Просмотров 3773 года назад
30 New Year's Resolutions that Will Make You Rich
Index Funds vs. Mutual Funds vs. ETFs (Differences + How to Choose!)
Просмотров 9 тыс.3 года назад
Index Funds vs. Mutual Funds vs. ETFs (Differences How to Choose!)
What School Doesn't Teach You About MONEY
Просмотров 7193 года назад
What School Doesn't Teach You About MONEY
Best Practical Gifts for People Who Don't Want Anything (College Students, Young Adults)
Просмотров 4413 года назад
Best Practical Gifts for People Who Don't Want Anything (College Students, Young Adults)
Why It's So Expensive to be Poor // Poverty Explained
Просмотров 1,4 тыс.3 года назад
Why It's So Expensive to be Poor // Poverty Explained
How to Manage Money as a Teenager (Before and After 18)
Просмотров 2593 года назад
How to Manage Money as a Teenager (Before and After 18)
Roth IRA at Charles Schwab: How to Open, Contribute, and Invest (GUIDE)
Просмотров 98 тыс.3 года назад
Roth IRA at Charles Schwab: How to Open, Contribute, and Invest (GUIDE)
Top 5 Mistakes College Grads Make After Leaving College
Просмотров 4013 года назад
Top 5 Mistakes College Grads Make After Leaving College
Debunking Early Retirement Myths // The FIRE Movement
Просмотров 7933 года назад
Debunking Early Retirement Myths // The FIRE Movement
How to Go From BROKE to RETIRED in 15 Years
Просмотров 2,5 тыс.3 года назад
How to Go From BROKE to RETIRED in 15 Years
STOP Hiding Money Under Your Mattress // How to Improve Your Savings
Просмотров 6104 года назад
STOP Hiding Money Under Your Mattress // How to Improve Your Savings
The SECRET Way to Earn an Extra $1,000 From Your Paycheck // Bank Account Churning 101
Просмотров 8294 года назад
The SECRET Way to Earn an Extra $1,000 From Your Paycheck // Bank Account Churning 101
Second $1,200 Stimulus Check UPDATE (July)
Просмотров 3374 года назад
Second $1,200 Stimulus Check UPDATE (July)
STOP Wasting Your Money on These Things!
Просмотров 5994 года назад
STOP Wasting Your Money on These Things!
Is there away to reach you
Awesome Job With your explanations !!
doing this was terrifying ... (I have money phobias) ...thanks for making it seem easy..I got set up today!
This form of investment would apply to non-U.S. citizens.
How do I figure out how many quantities to buy, having trouble with that.
Hi Alex! Can I put my whole (over $ 8000) of my past jobs 401K into the ROTH IRA in my first ever brokerage account? Even though I have a new 401K for this past year with my new job? Or am I forced to only put $8000 of my older 401K balance into my ROTH IRA? Can I do that? Thank you!!
This was insanely helpful! Thank you so much
You explain everything in much more detail than any video I have ever seen
I kearned a lot thanks alot. I am about to set mines up and transfer moneybout my 401k into this awesome.
Thank you for the video this was very helpful just recently opened an account
0:25 I thought #Schwab was going THROUGH WITH MY future earnings report from Fidelity investments full view hosted by emoney advisor until they sent me a welcome letter after I provided my bank info and then sent me a closing all accounts letter dated before the welcome to the list of shady brokerage firms
Great Video and VERY informative ! A+
A little embarrassed because I didn’t know Schwab offered ROTH IRA investment accounts. but are w2 employees allowed to roll over their 401k from one brokerage to another? without incurring additional fees? I’m curious about whether or not the average American would need or benefit from a regular high yield savings account vs. the IRA 🙌🏽 also your IRA is cash based 🙌🏽💡
Series of unfortunate events good book
Great breakdown, thank you!
What if I start a Roth IRA when my salary is $100,000 but after several years the salary rises above the $160,000 limit? I can no longer contribute?
Nicely done and great information. If you have a Schwab Roth IRA with cash parked in their Bank Sweep waiting for a pull back on a stock or ETF.... can you park the money in a Money Market to get a better interest rate?
So just to clarify, you can only buy ETF by share in Schwab?
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
THANK YOU for your videos!! Will you please make a video on ESG Investing?
Hi. I'm new in you're channel. The video eis excelente. And my question is. Can I star a IRA and the at the move the money to an ROTH IRA without losing tax advantages ? Thank you
Your channel is low-key one of the best when it comes to your style and the way you teach so camly, unlike other youtubers. The way you simplify things in a way that anyone can understand and follow along is amazing. I have been subscribed to your channel for a few weeks now and honestly have been binge watching on my days off 😊. Not to mention that i also use Charles Schwab, which is my favorite broker. I am very new to investing in the stock market, but I'm learning a lot from you. I just want to say thank you, keep the great work. God bless you 🙏🏾 👑
Thank you for this video!
Great video. Simple and to the point. WOW!!!!!!!!! 😱 Two thumbs up from me 👍!!!!!!
so i went from a 401k to a custodian IRA where they picked there owned stocks ,,,i moved it to my own IRA through CS brokage acct and now i like to put that amount into an ETF ....How do i go about that? i know im trying to get it right please help
Thank you for this video. I have a question. Say I retire before my spouse, can I still continue contributing to my Roth IRA account as long as we file taxes together under his income?
Shes lovely but she dresses like the German flag
Great simple info.
The most thorough, informative, and non-bullshit video on Roth IRA and what to do with it that I have come across. Bless you.
Hi Alex. Thanks for this video. I have been thinking of emigrating together with my mom to Luxembourg on the residency by investment programme. Luxembourg is among a number of nations that I have been considering as an option.
Do you have any videos on Schwab's target date funds. I am planning to set up a Roth IRA and am debating between the 3-fund portfolio and the TDF offered by Schwab.
thanks so much, so informative and easy to understand. my question is whether you recommend using schwab's robo advisor in a charles schwab roth ira? i just started working and barely know anything about investing and i'd like to have my account be as automated as possible, but i don't see anywhere talking about whether or not that's a good idea T-T
The best and most easy platform is Robinhood. No bady like Robinhood 😊
I really enjoy how you simply this subject. Thank you for taking the time to put this information put there!
Great Job !
Might sound like a dumb question, however I really like the 3-Fund Portfolio Strategy, but what is your opinion on investing in the SWPPX (S&P 500 Index), or would this count as a US-based index fund? Thank you.
Mane I missed it. Can you show how to do a recurring trade please?
This app is trash and they should use the TDA app. Why did they buy the company and not use there far better app?
I was about to subscribe until that last part about white privilege. I know just 1 subscriber doesn't matter but to say this is an example of white privilege is BS. you could be black and your great great great grandfather could have been black and yet you still would have had the same privilege. You had no more benefit than any other person that had past relatives from Luxemburg. As you pointed out, they have a very diverse demographic. White isn't a nationality. Just like a black person born in America is still an American. Or a Latin person born in America is an American. It's not the color of their skin that makes you an American or a Luxemburgian.
Informative.
By far the most helpful Roth IRA video I’ve found! Thank you so much for the detailed explanation, extremely helpful!
There's tons of great information in this video. All you have to do is crank out more than one video a month and make your videos, more zippy and put more pizzazz into it and your subscriber count will really skyrocket.
I just found your channel today, Alex. Your videos are so thorough and helpful. I’ve taken so many notes, you communicate excellently, so easy to understand. I’m so glad you things worked out for you to come back. Thanks for explaining and I’m sure it sucked to loose you have helped me set up ny portfolio and Roth IRA for my 3 children.
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THANK. YOU. This helped so much. Today is my first time investing in anything EVER and now I know what to do
Hi, I have a quick question I just graduated college. and for my job started in June. By the end of the year I estimated I will make $119,380.31. I am filling single will I be about to contribute without getting fined? But my total salary for the year is above the limit. But since I started in June, I will not reach the limit by the end of the year.
Generally you first to want to contribute enough income to receive your 401(k) company match. Looks like your 2024 MAGI is under $146k since you estimate $120k for the year so you may contribute $7,000 to Roth IRA.
Hi, I have a quick question I just graduated college. and for my job started in June. By the end of the year I estimated I will make $119,380.31. I am filling single will I be about to contribute without getting fined? But my total salary for the year is above the limit. But since I started in June, I will not reach the limit by the end of the year.
Thanks for making this.
Thank you for the great advice!
Have you tried the app lately IT DOESN'T WORK!!!!!!!