How two-pot retirement system works, with financial wellness expert Dr Frank Magwegwe

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  • Опубликовано: 19 ноя 2024

Комментарии • 25

  • @tillymalone5322
    @tillymalone5322 2 месяца назад +7

    Very clearly explained Dr Frank and funny 😂😊

    • @dankieduncan4027
      @dankieduncan4027 Месяц назад

      Agreed, To explain something complex in such a simple manner shows the of understanding, and I learned something new and valuable today.

    • @skymagenta8758
      @skymagenta8758 7 дней назад

      lovely to say 'pot'; usually the finance people make up over-complicated words.

  • @matthewslitsibane1149
    @matthewslitsibane1149 2 месяца назад +1

    Thanks!

  • @brucen83
    @brucen83 2 месяца назад +2

    Contributions shouldn’t be taxed, only on interest or income generated from the contributions.

  • @JacklynHerrera-wj7zm
    @JacklynHerrera-wj7zm 2 месяца назад +7

    With an unexpected demise of my job at the age of 39, 425,000 saved for retirement, 10,000 in an HSA, and a house worth up to an additional 200,000, I'm looking for ways to generate passive income. What are some promising options?

    • @HelenChaseKiddyEnamaine
      @HelenChaseKiddyEnamaine 2 месяца назад

      It makes sense to consider hiring a financial advisor at this point, but delaying retirement for a bit might be a more prudent choice

    • @JacklynHerrera-wj7zm
      @JacklynHerrera-wj7zm 2 месяца назад

      I’m confused about whether to combine all my investment accounts into one. If I decide to do this, how should I go about it, and will there be any consequences I should be aware of? I also intend to sell my property, which could add an extra 200K overtime. Should I consolidate everything into one investment account, or diversify across several sectors?

    • @ms_christinejones
      @ms_christinejones 2 месяца назад +1

      These are important questions for a financial planner. I met mine at a NYSE event, and she helped my wife and i rebalance our 1.7 million portfolio between a traditional IRA and a brokerage account. She has been trading with our permission and has managed to recoup our financial losses thrice over again. We keep and manage the market cautiously.

    • @janicerhansenmx679
      @janicerhansenmx679 2 месяца назад

      That is impressive! my portfolio has remained stagnate. Who is guiding you please?

    • @ms_christinejones
      @ms_christinejones 2 месяца назад +1

      June Renae Matthysse. She is well known, so you can look her up online.

  • @MoegamatFick
    @MoegamatFick 2 месяца назад +2

    To think the president sign that bill ...what a disgrace

  • @cloudstrife8791
    @cloudstrife8791 2 месяца назад +3

    This is gonna put many people into future poverty. You start using funds now means less growth in the bank and as you spend and have no idea how old you might live you put strain on yourself and any person or family that has to now feed an extra 1-2 mouths.
    We already seeing SARS smiling with this normal tax rate. Voters scream viva when they see reality they cry...

  • @MichaelPeels-b1q
    @MichaelPeels-b1q 2 месяца назад +3

    They just stealing money. This is a joke.

  • @ooras
    @ooras 2 месяца назад

    The African slave trade was first brought to Alabama when the region was part of the French Louisiana Colony.[1]

  • @chantellemodisane
    @chantellemodisane 2 месяца назад +2

    It's still a scam. Idc. Why is such a chunk penalizied and going to sars?

  • @MoegamatFick
    @MoegamatFick 2 месяца назад +3

    Ill rather let the companies must the money in a fix account ...at their own banks then this bull shit...hes not funny to me ...this about my money ...

  • @MalcomMarinaro-f1h
    @MalcomMarinaro-f1h 2 месяца назад

    Everette Mission

  • @vanessasmook4229
    @vanessasmook4229 2 месяца назад

    Lets all smoke pot.

  • @bruceberry3421
    @bruceberry3421 2 месяца назад

    I think ! Really Dr speak facts not " i think "