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@jefflloyd394 Жыл бұрын
Need to mention doing HSA which is retirement asset after getting 401 k match. Also best to do 401k Roth when younger. Great, thanks
@yourfinancialekg Жыл бұрын
Great comment and YES!!
@peternorthrup6274 Жыл бұрын
Skip college. After high school go into a trade. Start adding to your SS. Before you invest in anything else you must max out your 401-k. Not just the company match. The government limit. Your tax benefits come first. Find a well educated woman that will always make a good living. Marry her. Buy a home and stay there. Pay it off. Live in a state with low property taxes. You don't want to be going to work after 55 just to pay property taxes. Think very carefully about having kids. Can you afford them? How will they effect your retirement goals? The rules are simple. I retired at 55. So can you.
@yourfinancialekg Жыл бұрын
Great suggestions and comment!
@acilirp Жыл бұрын
I needed this video
@yourfinancialekg Жыл бұрын
Thanks for watching!
@mikeyiorio18802 жыл бұрын
Are you able to make video on the rent vs buy debate in the housing market?
@yourfinancialekg2 жыл бұрын
Great question Mikey. I will add that to my questions for a Livestream. Thank you!
@mikeyiorio18802 жыл бұрын
@@yourfinancialekg thank you! In some countries once you pay off the mortgage their is no property tax unlike in the US. So essentially it’s just a “cheaper rent” once the home is paid off once you take into account property tax. And if you invest the difference of money you are saving from 1% home maintenance, taxes and other home related costs in the S&P 500 over a 30-60 year time line, renting may be the more beneficial investment if i explained that right.
@Bob-yh7ir Жыл бұрын
Very much what we are going to do except for the retirement investments perhaps. Getting ready to pull the plug on work and have 4 years living expenses in cash. Our investments only need to do the heavy lifting for 9 to 10 years before we start turning on SS and a small pension my wife has. My SS alone is estimated to cover our household expenses. At that point and certainly a couple years later when my wife turns her SS on, we will have more money than we need. So I am going to still keep a good percentage of my investments in the growth markets with a smaller portion in more conservative funds. Something along the lines of 70/30. The conservative funds will run about 4 to 5 % most years and that will be enough to keep our cash bucket full and in big up years on the growth funds we will bite the tax bullet a little by pulling down 70 to 100K in those years. If the cash bucket gets too full, we pump some into non retirement investments, CD ladders, T bills, whatnot. It's all good !
@yourfinancialekg Жыл бұрын
Awesome! Thanks for sharing!
@colec.4951 Жыл бұрын
I would like a ekg
@yourfinancialekg Жыл бұрын
Cole, contact us at info@pearlwealthgroup.com and we can discuss. Thanks for asking!