401(k) and IRA 101

[@alfredalbert8037]

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in our tex deferred savings.

[@alfredalbert8037]

Our Fin_ancial advisor is “ Gary Andrew Debellis “. He is a professional fin_ancial/Invest_ment advisor. you can search him up on the internet where you can get necessary info about him and as well to connect with him.

[@alfredalbert8037]

I never imagined that these dividend stocks could pay me alot and obtain imaginable profits. A big thanks to my Fi_nancial advisor Gary Andrew Debellis for being my eye opener.

[@rebeccamoore8366]

I learnt to manage my money through investments and it really works for me. They say money can't buy happiness but poverty can't buy anything

[@donalddavis4387]

There are so many ways to manage money and prepare for a relaxing future, we just always have to keep doing our best because whatever we plant now, we will harvest later, good or bad.

[@sophiehernandez4108]

I'm new to all this, how do I get to start investing in this, a lot of people seem to be earning from investments.

[@wilsonkrusk8652]

Nice,good investment is how you take charge of your financial security. It allows you to grow your wealth but also generate an additional income stream if needed ahead of retirement.

[@rebeccamoore8366]

@@sophiehernandez4108 For beginners it is advisable you invest through an expert trader who would serve as a mentor and a guardian to ensure you make profits and increase your accuracy when you make trades, in that way you get to make money with low risk of losing your hard earned money.

[@sophiehernandez4108]

@@rebeccamoore8366 Interesting, I'm guessing you are an expert, can I trade through you?

[@henryjones6303]

Through proper financial planning, there are more people achieving financial freedom faster today than ever before and the stock market is the best place.

[@DavidMiller-du9dy]

I’m currently looking out for stocks with solid growth prospects.

[@amberhills5296]

I’ve bought lots of stocks that seems like there’re gonna generate good profits but they always end up performing poorly.

[@geraldbenzinger9703]

Many of the best stocks to buy for the rest of this year remain heavily tied to economic recovery prospects.

[@derrickadams8416]

@Paul Nolan I’m aware of Frost Hilda, how consistently are the profits and how long has it been?

[@jackholley4286]

That’s a good thing you’ve got going on Paul , Some stocks are in the right time to deliver impressive growth.

[@smonkey001]

I don't understand these complaints. This is simply the best explanation you can get in 5 mins. In some videos, they can't even tell you these are actually 4 separated types.

[@tomcognilio1816]

1. 401k till max company match 2. Max out Roth IRA 3. Max out 401k at 19,000.00 4. Enjoy life

[@wdeemarwdeemar8739]

t con you can do 19500 now it’s 2020

[@Ryder.Draconis]

I don't understand how to manage an IRA. I was just on the phone with the investment firm and I guess he was saying that I need to manage my Roth IRA just like I would manage trading stocks on Wall street. What is the best investment option for those who don't have any stock trading ability?

[@alrocky]

S&P 500 index fund or a total US stock market index fund as your primary core holding or a target date (or similar name) retirement fund.

[@wdeemarwdeemar8739]

Just do etfs one for the world and one for the us. I also do a bond etf and real estate etf. If that is too confusing just do a life cycle fund so if will be 65 years only in 2055 just do a lifecycle 2055 fund for all you Ira.

[@luvmike08]

Mutual fund

[@Iक्रिप्टोइंडिया-n5p]

I am 55 years old with no passive income and very little set aside for retirement at this point. I have always been curious about the stock market and have witnessed some people who played the game right and retired early because they used the stock market. When I ask them, most said that they invested very little to start with, but their portfolio grew. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make decent returns.

[@troy0.2]

@@Iक्रिप्टोइंडिया-n5p Buy index funds if you wanna be safe, though you’d probably be better off just going to Vanguard or something for that

[@GrowthMindsetProductions]

*My* *strategies* *for* *an* *Early* *Retirement* 1. Replace active income with passive income sources (Real Estate Rentals For Cash Flow) 2. Reduce personal operating cost (Housing costs are typically the largest) 3. Automate income streams (Property management, online businesses) 4. Leave the 9 to 5 =) (Success)

[@iraadvantage8428]

Great job visually explaining the differences between retirement accounts!

[@clairefrewman1456]

getting into Investing to create passive income should be every wise man priority. I made my first million from having a diversified portfolio that spread across stocks, grade bonds, coins and etfs also with the help of a full service broker handling my portfolio. smart investing is the key "The best time to start investing is yesterday, the second best is today."

[@mitchsapastein5593]

Recently I got into the financial niche, and I’ve taken a deep dive into investing, particularly dividend growth investment as it interests me. hoping to get to the big dogs someday, sorry how do you handle the diversity ?

[@clairefrewman1456]

that’s why I make use of a Full service broker. It’s pleasant for me this way

[@chrisanthony3560]

please do you mind giving me a referral to your broker ?

[@clairefrewman1456]

sure! she goes by Rita Wildrin Mora, you can search her up to connect with her

[@reginaldhouse7731]

Damn! That's how 59.5 looks like?? 😕

[@vicepresidentmikepence889]

In Russia, yes

[@FinancialOptimization]

If you say robo-advisor one more time...lol

[@IndianOutlaw1870]

People rarely factor in state income taxes. If you live in a high-income-tax state, and plan to retire to a zero-income-tax state, then a Roth account makes little sense.

[@michaelbrant7361]

Break From The Herd Can you elaborate on this? Apologies, new to these terms.

[@emirb860]

Break From The Herd yes, an elaboration for learning purposes would be appreciated

[@blackworldtraveler3711]

Break From The Herd I'm in a zero income tax state and I can get $4k-$8k a month from just dividend income from my Roth 401k. Making sense don't really matter in my case. Not many people can say they have over 1.6 million in Roths.

[@joyousmorgan8807]

@@blackworldtraveler3711 Please help me understand I am not sure what you are saying?

[@blackworldtraveler3711]

Joyous Morgan I'm just saying that contributing to my Roth IRA and 401k since it began years ago and avoiding pretax benefited me regardless. Didn't care about anything else and can only see that tax free money making sense to me. Heck the reason many people I know are retiring at 60 and paying zero premiums for Obamacare until 65 is because of tax free money in a Roth.

[@MYOSHILE]

Completed.

[@blackworldtraveler3711]

Bob wants to invest after college. I have been saving since 4th grade and investing since 10th grade.

[@namelesstemple]

You should head over to www.reddit.com/r/iamverysmart where you belong

[@reality6951]

lol

[@timm.5403]

cool story bro

[@blackworldtraveler3711]

@@namelesstemple No thanks. I don’t click links. I retired 15 years early last May anyway. You might think it’s normal to wait that long to save/invest but not me. I know the math behind compounding. Heck I have my nieces and nephews saving and contributing to their Roth IRA at 14 years old.

[@namelesstemple]

@@blackworldtraveler3711 seems to me like a sad bro who lies to people on youtube to make himself feel good!

[@kylekirby6220]

CVLI not shown here can be a great foundation to start your retirement fund with

[@HippieP629]

cvli?

[@dinhdung8153]

The video sound is pretty good, beyond my imagination

[@alialmusharea4333]

how can someone open a Roth account in a different country?

[@virgoolokun3088]

Hi, Bob!!!

[@luzrodriguez3337]

what is the next video?

[@j6alvan404]

NOBODY WANTS TO SIGN UP FOR ROBO ADVISORS!!!

[@nagamass]

Its nice explanation. Thank you. I have one question. regarding old 401(K), can we move to new 401(K) or traditional IRA account? which is better? their benefits? Thank you.

[@chrishester5334]

great video!

[@exaucemayunga22]

How about I just save my money in my backyard or something?

[@CarolynELane-my5ch]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

[@lilliankelly5630]

Just seek professional help from a mentor or a financial adviser.

[@nicholasfee5249]

Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late March and I’ve been able to accrue a profit of $526,000 with a principal of $85,000

[@randypearson2062]

@@nicholasfee5249 That's wonderful, i've always been told that investing with an expert has it advantage but i have no idea how to find one

[@CarolynELane-my5ch]

@@danniscano8149 Google search her name ‘Joanna Maliva Lee’ she is quite known for her works.

[@leonardfriedman6649]

@@CarolynELane-my5ch hey thanks for sharing, I just looked her up found her website and left a message, hope she replies soon. I really want to make some profit of this.

[@kawandataylor3429]

Thank you. Great overview video! 👍

[@estebancorral7262]

What!? I learned nothing...

[@OMGGITSDAVID]

What?

[@toddthornley]

"ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR ROBO ADVISOR" hmm wonder if he is selling a robo advisor...

[@christopherkraft5553]

Financial investment can be emotionally exhausting/frustrating in a case where inconsistency in trade wins is much. Positive results are guaranteed more if one works with a reliable professional. My most sincere take though!!

[@CarolynELane-my5ch]

I share the same view. Tried to make a start on crypto investment but was almost frustrated out by heavy loses till Joanna Maria Jervis was recommended to me. She has been managing my portfolios for a while now and have never faltered

[@LaceyC.Gonzalez]

@@CarolynELane-my5ch Wow, so grad someone is talking about Joanna Maria Jervis, her investment strategies are top notch. Have been following her guidance

[@leehsiung2489]

@@LaceyC.Gonzalez I Just look her up on the web, wow! Quite Impressive. I’m definitely investing with her Thanks!

[@hdiaz6370]

Robo advisors? lol

[@producer7177]

Check out off grid trading. Live daily 9am to market close teaching how to earn a steady income trading. Done by a former brokerage owner that has been doing this for 20 years!

[@wednesday567]

what? terrible video, you basically said no difference between 401k and IRA, and wtf does max out even mean? no explanation

[@bikashramchiary3606]

You speaking is not clear. Speak like bla bla. Much faster than rap god. It doesn’t has no creativity.

[@KDSj195]

401k and 403b are frauds don’t do it

[@davideguerra743]

I’m a dividend investor, my wife and I have invested in the s&p500, both through my TSP with the government and through fidelity in her 401-k. Cashed out 370k from the S&P and invested with a full service broker.. Until about 3years ago we were 100% in the s&p after over 30 years. I’m retiring at the end of the month at 59, while my wife will retire next year at 54. We currently have 5.7 million in out tex deferred savings.

[@louisjmendez7159]

I was at a retirement seminar and the speaker spoke on how he quit his job after he made well over $950,000 PROFIT within 3months he invested $120,000. I just began investing and i will really appreciate any tips or helpful guide.

[@johndwilson638]

Just seek professional help from a mentor or a financial adviser.

[@karolings1774]

Tip; I’m a new investor as well and I use a broker Joanna Maliva Lee, she’s been guiding me with my investment since I began Late Dec and I’ve been able to accrue a profit of $426,000 with a principal of $85,000

[@eileenr.nelson2966]

@@karolings1774 That's wonderful, i've always been told that investing with an expert has it advantage but i have no idea how to find one

[@michaelharris296]

I think i may have actually come across Joanna somewhere talking about the stock market and she spoke so brilliantly, please how do i get to reach her?

[@williamgarcia1210]

@@karolings1774 thanks for sharing, I am currently on her website and what I see is impressive. her resume and her experience is just awesome. I hope she replies me