I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
@@benalfredo this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
Rob, have you had the opportunity to evaluate Quicken Deluxe for PC for it retirement planning and investment tracking...? I for one, like keeping my investment profile at home not some other website...
I have the citi double cash and wells Fargo Active Cash. The Wells Fargo card is for my cell phone bill, I get phone insurance through Wells Fargo if I have my bill paid through the card. And Costco only allows Visa credit cards and Mastercard debit cards, I use it there.
@RobBerger I like the Amazon visa card. 5% Whole Foods and Amazon, 2% restaurants, gas and drug stores and 1% on everything else. All is paid on Amazon store credit.
i cant even pay my mortage with a cc. something about not being able to pay debt with debt? even though i pay my cc off right away every time. I didnt know CC's have a prohibition on it in addition or something? I have a 1.5 chase card, and it's just super convenient because my savings, checking, and main CC are all with chase on the same webpage. So I havent bother trying to maximize more. I also have a Target Redcard that gets me 5% off and a Amazon Prime card that gets me 5% rewards points back, which is ALSO through chase, so checking/savings/two CC"s is all on one page at chase which is nice.
You’ve mentioned that you transfer credit card cash rewards into investment account(s). Is that a manual process or automated? Is there a video/podcast covering that process? Thank you for great info!
One of the most helpful financial planning tools that we use is the Retirement Budget Calculator. It allows you to enter your budget with inflation factors for each individual item along with starting and stopping dates for each item. Then you enter your assets and rates of return. It calculates year by year how your money is used, it estimates taxes and you can see the tax forms, and you can choose your withdrawal order. Everything is clear and visible and it shows when the money runs out. You can manipulate the numbers to see how you fare in different situations.
Big apology for the screen mirror issue. No idea why the setting changed on my, but I'll double-check it before next week's show.
I’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
Do you have a 401k? you should contribute to your retirement diligently, or better still look into financial planning
@@benalfredo this is huge! would love to grow my reserve regardless of the economy situation, my 401k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
Even with technical difficulties, great and informative! I always take away a new nugget when I listen to your podcasts/videos!
Rob, have you had the opportunity to evaluate Quicken Deluxe for PC for it retirement planning and investment tracking...? I for one, like keeping my investment profile at home not some other website...
I missed another live? This working full time nonsense is impacting my life on RUclips 😂
I have the citi double cash and wells Fargo Active Cash. The Wells Fargo card is for my cell phone bill, I get phone insurance through Wells Fargo if I have my bill paid through the card. And Costco only allows Visa credit cards and Mastercard debit cards, I use it there.
What for? You can do better than this. (You asked for that comment and I didn't want to disappoint you.)
@RobBerger I like the Amazon visa card. 5% Whole Foods and Amazon, 2% restaurants, gas and drug stores and 1% on everything else. All is paid on Amazon store credit.
Great information Rob!
i cant even pay my mortage with a cc. something about not being able to pay debt with debt? even though i pay my cc off right away every time. I didnt know CC's have a prohibition on it in addition or something?
I have a 1.5 chase card, and it's just super convenient because my savings, checking, and main CC are all with chase on the same webpage. So I havent bother trying to maximize more. I also have a Target Redcard that gets me 5% off and a Amazon Prime card that gets me 5% rewards points back, which is ALSO through chase, so checking/savings/two CC"s is all on one page at chase which is nice.
You’ve mentioned that you transfer credit card cash rewards into investment account(s). Is that a manual process or automated? Is there a video/podcast covering that process?
Thank you for great info!
One of the most helpful financial planning tools that we use is the Retirement Budget Calculator. It allows you to enter your budget with inflation factors for each individual item along with starting and stopping dates for each item. Then you enter your assets and rates of return. It calculates year by year how your money is used, it estimates taxes and you can see the tax forms, and you can choose your withdrawal order. Everything is clear and visible and it shows when the money runs out. You can manipulate the numbers to see how you fare in different situations.
Rob!!! You're the best :-) I love your voice. Thanks for all the helpful advice.
Informative- I could still follow along even though screen was reversed. I’m going to give these tools a try- thanks for the info!
Projectionlab is great for tax analysis for those of us outside of USA. NR could really work on this aspect as its really US centric.
The on screen visuals are reversed making it impossible to follow as you are walking through the 3 programs for demo purposes.