My question is this... i have 4 retirement acc. 2 401k and 2 roths. Do i only split it by 2s? Or 4s? Like do i just split my 401ks in half and my roth in half or split them all by 4s since they all are retirement accs?
@NadiaDubininaValuesАй бұрын
Thank you for bringing attention to this important topic. Money really is just energy, a tool that amplifies what’s already within us. Without a deep understanding of the values that genuinely lead to happiness, wealth can become a golden cage-trapping us in endless pursuits rather than setting us free. And as much as we’d love to help everyone see this, the reality is that personal growth is a journey each person has to choose for themselves. People have to put in the work and invest in becoming the best version of themselves.
@NWBIZGUY2 ай бұрын
Curious how you would play my situation: Current age 45, I have 4M in real estate with about 400k in low int mtg’s, 2M in stocks, 500k in cash, current income is about 350k
@bobcounihan50422 ай бұрын
High earners do not qualify for Roth IRAs. Just earn like a doctor and spend like a janitor.
@NWBIZGUY2 ай бұрын
You put money into a regular IRA, then back door it into a roth after paying the taxes
@jelio1234563 ай бұрын
Thanks, great brainstorming
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@Dancingdoc2878 ай бұрын
Hello! Thank you for the great video. In order to achieve a mega back door IRA, do we have to elect first 23K as Roth or can we elect 23K pretax and then elect the rest of it to be after tax and convert only after tax portion to Roth? Also, if one already does 6 k back door Roth IRA through a different platform, this would be subtracted from that number? When and how in the portal can make conversions during those 2 times/year that you discussed. I tried to call Retirement at UPMC center but they knew nothing about it. Thank you so much and have a great day!
@pike84939 ай бұрын
good video man, keep it up.
@DubTuck00210 ай бұрын
Ed O’Bannon broke the camel’s back by suing EA and the NCAA about the NCAA Basketball game. That’s why EA stopped producing NCAA video games
@wildcatgametime11 ай бұрын
I like the idea of separating the fixed into their own acct. Spreadsheet basically baked in since the same expenses come out monthly like clockwork. Would just need to work out monthly total requirements and timing of deposits and that’s pretty much it 👍🏽
@FIN-LYTbyEWA10 ай бұрын
Thank you for your insightful comment! It's indeed a great way to streamline your "budgeting" process, making it more efficient and organized. Your idea of calculating monthly total requirements and timing deposits aligns perfectly with the reverse budgeting approach!
@eprohoda11 ай бұрын
yo,very splendid -Fin-lyt- ))
@FIN-LYTbyEWA10 ай бұрын
Thanks, much appreciated!
@plaidmode860611 ай бұрын
i made this much when i was a teen, something i painfully learned are: CLAT and CRATs. also ensure your s/c/llc setup is correct. also solo 401k is good to setup if self employed.
@fernnoli11 ай бұрын
Damn I’m 28 and just made 325k and thought this video was for me and now I see it’s for over a mil plus 😭😂 welp next vid
@FIN-LYTbyEWA11 ай бұрын
You are crushing it regardless of age! The income here was just an example. Same principles will apply. Congrats and hope you continue your success!
@plumSRT Жыл бұрын
Good vid, but retired military cant draw SSI even though they paid into it for their entire enlistment😢
@todd.westra Жыл бұрын
Appreciate the informative video! The explanation on using the standard deduction vs. itemizing and the concept of batching charitable contributions makes a lot of sense. Great tips for optimizing tax planning!
@FIN-LYTbyEWA Жыл бұрын
Thank you, Todd! We appreciate your feedback!
@matthewblocki8040 Жыл бұрын
Amazing story and amazing people!
@matthewblocki8040 Жыл бұрын
Chiara has an amazing story, and is an incredible human! So much wisdom from her story and mindset.