40 Year Old Guide To Retirement

[@amolejoshua7452]

Investing in a Roth IRA can be a good choice since they are funded with after-tax dollars, and your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. I retired with 2 million dollars.

[@KacieLehman]

If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.

[@FostersCapones]

@@KacieLehman On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my portfolio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial planner who devised a defensive strategy to protect and profit from my portfolio this red season. I’ve made over $260k since then.

[@amolejoshua7452]

@@FostersCapones Due to the market falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

[@FostersCapones]

@@amolejoshua7452 MARGARET MOLLI ALVEY is the licensed advisor I use. Just research the name. You’ll find the necessary details to work with a correspondence to set up an appointment.

[@amolejoshua7452]

@@FostersCapones I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you.

[@stephaniejose5565]

Big ups to everyone working effortlessly trying to earn a living while building wealth. I am 50 and my wife 44 we are both retired with the net worth of over $3million with no depts. Currently living smart and frugal with our money. Saving and investing lifestyle in the financial market made it possible for us this early even till now earn monthly through passive income. Great video. I love this.

[@paigehuston2060]

Not quite long I started investing. I did a trial investment in stock like Disney but to be honest I don’t know what am doing and I don’t think I made anything either. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated. .

[@stephaniejose5565]

@@paigehuston2060 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .

[@stephaniejose5565]

@@paigehuston2060

[@paigehuston2060]

@@stephaniejose5565 please how do i get in touch with her. Impressive. Would you mind sharing some more details. I’d like to have a talk with her.

[@stephaniejose5565]

@@paigehuston2060 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.

[@MateoLevi-]

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.

[@FlorentGulliver]

I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

[@MateoLevi-]

@@FlorentGulliver That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

[@FlorentGulliver]

@@MateoLevi- My advisor is Victoria Carmen Santaella

[@FlorentGulliver]

You can look her up online

[@SantiagoWyatt-]

@@FlorentGulliver The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?

[@gqueirogabr]

I'm going into my 40s soon and am starting from almost no savings aside from company 401k. Luckily I have a house and car paid off with a little debt. Don't give up

[@anonymousone3998]

This is my type. Honest and no frills.

[@PassiveEarnings]

Great video! Starting with 401K match and maxing out Roth IRA then is the right way to go. I did side hustles as well to get where I am now. I am investing $1600 a month in my brokerage outside of 401K and Roth IRA so I am planning to be financially free before 55 (less than 20 years).

[@jesbensommichael8397]

There are a lot of strategies to make tongue-wetting profit that the average joes don't know. . Personally, the financial-market for me seems the only way forward with my long time horizon (accrued roughly $457k in gains since Mid 2021 ) but if you don’t have that fortune of time it’s a tough market out there almost nowhere feels safe!

[@harrisonjamie794]

If you’ve got patience I believe it’s a great time to invest… I’m no expert but as Warren buffet said he’s seen this happen a number of times throughout his life

[@jesbensommichael8397]

@@harrisonjamie794 I've known I had wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have $60k I want to transfer into an S&S ISA but it's hard to bite the bullet and do it. $457 is a huge milestone, Please what's your strategy? I will love to have an insight

[@harrisonjamie794]

@@jesbensommichael8397 I began with a fiduciary portfolio advisor by the name MARTHA ALONSO HARA. She’s verifiable and her works ethics is in accordance with the US investment act of 1940. Her approach is transparent allowing total ownership and control over my portfolio with fees very reasonable in comparison with my investment-income. Also, She covers things like investment insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that.

[@jesbensommichael8397]

@@harrisonjamie794 Investment now will be wise but the truth is investing on your own will be high risk. I think it will be best to get a professional👌

[@harrisonjamie794]

@@jesbensommichael8397 MARTHA ALONSO HARA really seems to know her stuff. I looked her up on the web using her full name and found her page, read through her resume, educational background, and qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I'll book a session with her

[@ajluvzlondon4214]

Save more % per month, 401K matching, Roth IRA max-ing, investing in brokerage accounts and/or mutual funds, work longer, 2nd source of income/side hustle, get rid of debt and purposeful budgeting.

[@tuatara80]

Thank you very much for the advice, Sir. This will be shared on my social media accounts.

[@Extra_ordinary88]

Sound advice. I'd encourage you to create a talking point road map before recording so you don't have to keep going back and saying, "Well, before this..."

[@nordicice4487]

Bad advice. After matching 401 and Roth why would you suggest going straight to post tax accounts instead of maxing the ira or doing an hsa?

[@thetruth1446]

I'm 40 and completely screwed, I only make $32000 a year here in TN at a factory but I started putting 10% in 401k last month. I cant go higher due to Bill's, idk what to do for extra money

[@SeanyStacks]

I disagree. Youre not screwed. One thing is for certain: Time is gonna keep moving regardless and youre gonna thank yourself later that you started. So what if you fall short from being worth 2 million at 65, you may still have 1.2 million lol. Guess what? Most people we know will be broke because theyre not even thinking how youre thinking. I applaud you and I say Good Job. Keep Going. We're in this together. If you have enough dividend income to pay your mortage/rent for the rest of you life when in your 60's, and only have to come up with money for utilities and food, I would say that you didi a hell of a job.

[@thetruth1446]

@@SeanyStacks Ya that's true but I'll only end up with 100k at 65 which is better than nothing but honestly I'll be working my entire life...

[@thetruth1446]

@@SeanyStacks thanks though for the inspiration

[@martinl2930]

You are not screwed at all. Try doing 12 percent and figure out ways to cut costs. Get a part time job on weekends. Sell things you dont need and don’t ever buy a new car

[@thetruth1446]

@@martinl2930 I'm working on it but it's tough, I bring home around $2200 a month and rent is $1400 here. If rent goes back down where I can buy a house I'll be in way better shape

[@RoryCormac-tj2yi]

I've been contributing around $9,000 annually to my SEP for the past six years, but it seems I need to do more. Growing up with a passion for skateboarding (still a huge skate history nerd), I'm fortunate to have a job as a DP, which I find as enjoyable as skateboarding and surfing. a big thanks to David Marvin Willis I could work until I'm no longer able, considering it's my passion. Your advice has inspired me to explore additional income streams. Besides contributing to my Vanguard SEP account, do you think Real Estate is another promising avenue for investment?

[@ScottTaylor-g5w]

I’m 40. I bought a duplex last year as a rental. Should I pay a few extra 100 towards principle or add that towards potential interest gaining investments such as my 401 (Roth Is maxed out)???

[@PhilNagel]

Depends what the interest rate on the mortgage is. A rule of thumb I’ve heard financial professionals use is if the mortgage rate is above 6% it may make sense to pay it down early. If mortgage rate is below that, you can put it in 401k or a taxable brokerage account and invest in the market since you’ll have a long time horizon. It’s all up to you though cause you may look to refinance the duplex mortgage in future too. Good luck

[@shag813]

Thank you

[@KesslersArteagas]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@BrentsHowells]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@StonesHowells]

@HeltonsRasmussens Mind if I ask you to recommend this particular coach you using their service?

[@StonesHowells]

@HeltonsRasmussens She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

[@PeachDragon_]

Im 20 and I'll retire by 50 to osaka to play videogames and eat salmon every day

[@oatchumpol]

Congratulations. Google's algorithm lead me to your content ;)

[@CommuneCapital]

Welcome aboard! 🤝

[@fishyKRIMINAL]

Love the shirt. Where can I get one?

[@CommuneCapital]

Coming soon...

[@RhysHastings]

The Nine Club recently mentioned your new, post skate path, in a video so I came to check it out. Very glad I did. So much great advice here. I really appreciate it.

[@falconone7230]

You need 10-13 years of work to retire??

[@travis8229]

The military did not prepare me for retirement rather it taught me it was non-existent. Why is it people who work the hardest just end at the bottom? I've analyzed life and can truly state those who made it to success didn't try as hard as you think, they had money, they had education, etc. This world we live in is unfair.

[@strokerace4765]

Retired at 39, thanks stroke

[@Mike_from_Canmore]

I just put everything into crypto. YOLO right?

[@BasilReyno]

i am a financial advisor! comment for you!

[@adamjzimmer]

Seems like a comment for yourself

[@fishyKRIMINAL]

So I’ve only worked as a W2 in my teens I’m now in my mid 20’s. as far as benefits go or having a retirement plan, Roth IRA, or 401k. I don’t get any of those benefits. as a 1099 am I screwed? What are things I could do now so when I do retire I’m not screwed?

[@jaydeedee6344]

You can call a couple local financial advisors and fiduciary’s. Tell them you situation and see who can set you up with an account. As a 1099 worker you can invest as much as you make up to the limits. So if you make $4k a year you can only invest a max of $4k. If you make over the limits (for your age) you can max out either a Roth IRA or a traditional IRA. Both have benefits and can be good. I personally like the Roth since the taxes are paid now. Max for a Roth for you is $6k. You can also start a solo 401k which will allow you to save even more than $6k. Best advice would be call multiple people and set up calls with them. If you don’t like them move on. It’s your money and they are working for you. Also make sure you understand what you are investing in. Ask lots of questions.

[@CommuneCapital]

No, you’re not screwed! We did a video on retirement plans that goes over your options. Once you have a good understanding of the plans, you can pick the one that makes the most sense for you. The most important part of retirement planning is getting started!

[@CommuneCapital]

kzbin.info/www/bejne/gWaycmhvf6t_fLM

[@EmillionWayz]

The content on this channel is very much underrated, please keep it up!

[@CommuneCapital]

🙏

[@skrimph]

Got here from Insta. I just turned 37 and I only just started making enough money pay rent and have some left over (in fact my income increased drastically). Been maxing out my 401k and just opened a Roth IRA and I’m contributing the maximum. Excited to watch the rest of this video. I have a question but just found you channel so I don’t know if it’s been addressed. I just had a child. What do you recommend for investing in his future?

[@leoavila915]

Yes. Your experience and knowledge. That will be the best investment ever

[@thxforurview]

Love the content, energy, and aesthetic! The financial planning world needed skaters to provide a fresh look!

[@CommuneCapital]

🙌

[@Conor8urns]

💀😭

[@c-note4146]

Algorithm comment: 2y after this was posted, I’m seeing 21 comments and only a few hundred likes. Why? This is gold. Short, to the point, yet thorough and packed full of good info. This literally caters to the entirety of modern humanity. And what I mean by that is, those with a short attention span and not enough money.

[@EmilyP9090]

Thank you for making this! I'm in my early 30s and I need to get started!

[@genesung5589]

Thanks for this Mikey. I'm exactly in this boat and I started putting a decent amount, about $9,000 per year into my SEP about 6 years ago. But I gotta do more. I actually grew up with skateboarding (still a huge skate history nerd) and am very, very lucky to have a job as a DP, which I find as fun as skateboarding and surfing; so I guess technically, I could work until I'm dead because it's my passion. But still gotta figure out avenue streams which you're inspiring me to do. EDIT: Aside from putting money into my Vanguard SEP account, would you say Real Estate is another good stream to invest in?

[@QWNSWORDS]

Omg I'm 44 and I thought I was totally screwed. I have started an IRA, I have a savings account w high yield interest. I can absolutely start a side hustle and because I'm a entrepreneur I can raise me rates. Thanks for this video! Also I can't recommend the book I Will Teach You To Be Rich by Ramit Sethi enough!!

[@prettynatural1973]

Thank you