I converted my 401k to a Roth IRA to avoid higher taxes in the future. I'd rather pay taxes now than be stuck paying taxes on my retirement income when I'm 59 and living off my savings
@Andres_8532 ай бұрын
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement
@Kseniaramesh2 ай бұрын
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual invstment account or employing the services of a retirement planner/investment advsr
@Bigwilli1232 ай бұрын
I have thought about this, but haven't figured out how to get consultation, I don't live in a big city.
@Kseniaramesh2 ай бұрын
I am 62, approaching retirement, with over a million in assets beyond my retirement funds, thanks in large part to my expert financial advisor's guide. His expertise has substantially boosted my portfolio's value and performance. If you're seeking similar success, consider speaking with a fiduciary advisor. I am with Joseph Nick Cahill a NY-based fiduciary. Check online if he meets your requirements
@Kattyol12 ай бұрын
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date
@PhilipWood-eo6fn4 ай бұрын
*Excellent! I really do have a question. As a beginner interested in trading. How would you recommend we enter into trading ? I will greatly appreciate any suggestions*
@PhilipWood-eo6fn4 ай бұрын
Where can beginner like me reach out to Mavis? I'm really interested to build wealth
@JenniferLeary-pp6ym4 ай бұрын
I'm not shocked that Mavis name was mentioned. My portfolio currently changed from 50k to 179k most people remain poor only because friends and relatives discouraged and advise them against trading while the wise one kept trading and growing highly financially
@NicolasCole-db5xx4 ай бұрын
All the way from TX, I employ her services, Very smart lady. I am glad you guys found her.
@JenniferLeary-pp6ym4 ай бұрын
She's a sincere trader with many years of experience. And her understanding of the market indicators is excellent. What I really love most is how well she'll teach you the methods and signals she make use to trade for you, While trading
@theprofitablepassionprojec81267 ай бұрын
Good thought provoking content. Thanks
@TheRetirementality7 ай бұрын
Thank you very much. I'm trying to get the wheels turning.
@wendysherbert32575 ай бұрын
Would love some tips for someone in forced retirement…it is was a shock and I feel scattered.
@TheRetirementality4 ай бұрын
I should do a better job of organizing my videos into categories. I have quite a few videos on the subject in general. Not specifically forced retirement. They main thing is learn how to fill your time up and to remember to have fun now that you don't have to work. And don't get sucked into the couch... where I typing this from right now. 😂
@prettygirlus90087 ай бұрын
Sounds like your talking underwater. Oh, and too much distracting hand movement.
@technobubba47 ай бұрын
Must be Italian !
@prettygirlus90087 ай бұрын
@@technobubba4 🤣
@Nepomuc7 ай бұрын
You are wrong, my wife is the boss!
@TheRetirementality7 ай бұрын
Ha! Shhhhh. We can pretend like we are the boss with our online personas. 😂😍😀