Millionaire EXPLAINS: How To Invest In Your 50's (For Beginners)

[@leondonald]

I'll need help if I'm going to make it through this. The ETF and stock markets are still pretty volatile. What's left of my $170,000 portfolio now isn't looking good; how can I capitalize on the market?

[@Robert_Seaman]

Although the market is currently volatile, aren't the current valuations a result of the Federal Reserve's monetary policy and low interest rates? Therefore, my recommendation is that you consult a financial advisor who can give you entry and exit points for the shares that you are interested in.

[@Walter_hill_]

People dismiss the importance of advisors until they are burned by their own emotions. I remember a couple of summers ago, following my lengthy divorce, I needed a good boost to assist my business stay alive, so I looked for qualified consultants and came across someone with the highest qualifications. She has helped me raise my reserve from $275k to $850k, despite inflation.

[@ilyaveysman.]

How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?

[@Walter_hill_]

My CFA Vivian Jean Wilhelm, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

[@ilyaveysman.]

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

[@elsam.5412]

Can you please make more videos for people 50 and over regarding personal finance. I think a lot in this age group need to play catch up, don't know how or even if it is possible. Thank you for sharing your knowledge! Much appreciated.

[@CalltoLeap]

Absolutely!!

[@brendarecioperez]

I agree with this comment. PLEASE more videos for Gen X.

[@stephsteph1338]

Yes! Please, more money information for the 50 plus, year olds. Thank you!😊

[@robienillosistoso628]

will be waiting for that too please Steve! Thank you!

[@fem.tompkins5732]

Hi Steve, I am not qualified to open a Roth IRA due to my income, what’s my option? Where’s the best account to place my 5% pay raise besides putting it in my 403 B?

[@Damncars456]

convinced that investing $50k-100k in the right company before it goes big is better than just saving for retirement. But since picking the right company is hard, saving might be safer-who would’ve guessed SPGI? I have $200k in a HYSA and want to invest. What are the best opportunities now?

[@MakeamericaGreatagain-h7j]

I find it more productive and safe to buy growth/blue-chip stocks rather than etfs. It's advisable to work with a fiduciary advisor for well-diversified portfolios instead of relying solely on speculations.

[@DreamweaverShade-h9p]

I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.

[@Tsunaniis-j5l]

I'm glad I found this conversation. I have cash to invest but am worried about picking the wrong stocks. Can you refer me to your financial advisor?

[@DreamweaverShade-h9p]

Melissa Elise Robinson is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.

[@MARSHMALLOWwhimsy]

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

[@stunzed]

I’m 47 and started investing at 44. It’s never too late and thanks for looking out for the older folks who weren’t taught this. I know I wasn’t.

[@CalltoLeap]

Of course! Here to support you any way I can :)

[@annjean8709]

Agreed!

[@tonyguerrero9273]

Hello there @stunzed....I'm reading all here....with all honesty I need investment advise.... would u be a help ?

[@matthewdeanl5884]

@@CalltoLeapthanks Steve for the reviews 😊🎉

[@Debbie.Burton]

I'm a 48-year-old doctor, burnt out from long hours. I've never invested in a retirement portfolio due to personal reasons, but with retirement approaching, how would you safely invest $100K in stocks over 4-5 years?

[@Theresaa12]

I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.

[@RickWatson-xu6gw]

The issue is most people have the "I want to do it myself mentality" but not equipped enough hence get burnt, no offense. In general, Financial Consultants are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded massively in ROI, summing up to 7-figures as of today.

[@A_francis]

I could really use the expertise of this advsors

[@RickWatson-xu6gw]

Her name is ‘Marissa Lynn Babula’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@RickWatson-xu6gw]

*Marissa Lynn Babula* is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

[@CarmelaBuisson]

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.

[@CarmelaBuisson]

@WilliamRobert-56 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

[@CarmelaBuisson]

@WilliamRobert-56 I will give this a look, thanks a bunch for sharing.

[@KTXThrifts]

I got huge value from this video. I had no idea about the targeted date funds and then how you can just sell part of your portfolio and more. So much great information. I'm 53 and never learned much about investing. Ugh. I'm pushing my two boys hard with them learning and have had them both open IRAs already. They are 15 and 20. I am imploring them to live below their means and invest and sharing these and other YT videos and books. They are excited to learn. Thankfully I have a good job with retirement but I am also wanting to build more and now use ETFs like SPY and VOO. I'm so glad I came across your channel. Your mom must be so proud!🙂

[@CalltoLeap]

I’m glad this helped and you’re encouraging your sons to implement these wealth habits early on! Woohoo!

[@ChristopherAbelman]

I am currently burning through my 40s and This is no time to taper retirement savings. I want to max out my retirement funding and I also have another $200k in a savings account that i want to invest in a non-retirement account.Would it be better going to housing? Maybe own property and let it till im ready to move in at 65.

[@bartlyAD]

Research dividend aristocrats and choose six to ten firms with over 25 years of dividend payments. Also consider working with an asset-manager to build a strong portfolio.

[@PennyBergeron-os4ch]

A good percentage of people do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… now my dreams are getting bigger. Going from ($50k to $600k) is surreal all thanks to insights from a professional.

[@HildaBennet]

I thought gains like that are nothing but a pipe dream! mind sharing details of yourmanager please?

[@PennyBergeron-os4ch]

She goes by ‘’Rebecca Noblett Roberts’ I say you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@HildaBennet]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@kortyEdna825]

I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement, I'm 55.

[@foden700]

Those sound like great picks! consider financial advisory so you don’t keep switching it up, top 3 payers for the month were $OHI, $KMI, and $EDP... not bad for 350k

[@carssimplified2195]

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.

[@PatrickFitzgerald-cx6io]

I'm intrigued by this. I've searched for financial advisers online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?

[@carssimplified2195]

I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@PatrickFitzgerald-cx6io]

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

[@gloriamitchell3518]

Much needed. 50's 60's and beyond. Thanks so much.

[@stacyjohnson7395]

Great job! You nailed it!! I started at 53yrs young.. and it was the best decision I’ve ever made👌🏾 I plan to invest way pass retirement, to build generational wealth😊

[@CalltoLeap]

Woohoo! I'm glad you started Stacy! :)

[@stacyjohnson7395]

@@CalltoLeapI’m happy to join .. thank you for sharing such great content👍🏾

[@Novaximus]

Yea, I would rather die never spending 200k in the bank with that daily peace of mind knowing that I still have security and comfort til that day than to spend my final years in a state of fear and pain because I've completely ran out of money to afford those comforts.

[@rawgenerativedetox9381]

@@Novaximustyyytyg try y aa

[@brendarecioperez]

Thank you for this video. Simple and direct. You have a niche with the 50yrs people. Seriously your mom must be very proud of you. Thank you!

[@CalltoLeap]

Thank you so much! I try my best to keep it as simple as possible!

[@CarinaAdele5CA]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[@AmaliaGiselae8g]

In particular, amid inflation, investors should exercise caution when it comes to their exposure and new purchases. It is only feasible to get such high yields during a recession with the guidance of a qualified specialist or reliable counsel.

[@ConradFriedrichj1z]

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diverssify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

[@BerchtwaldElias1EH]

This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?

[@ConradFriedrichj1z]

NICOLE ANASTASIA PLUMLEE’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@BerchtwaldElias1EH]

She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

[@debbygradley25]

Investing in stocks may appear basic but selecting the appropriate stock without a proven strategy can be tough. For the longest time, I've been working to expand my $210,000 portfolio, but the most significant impediment is the lack of a well-defined entry and exit strategy. Any input on this subject would be greatly welcomed.

[@EthanBrown_23]

Dealing across multiple asset classes can reduce risk more effectively than putting all of your money into one. If you don't understand finances properly, see a financial consultant.

[@danieltaylor--65]

True. My portfolio was diversified across several markets with the help of a financial planner, and were able to achieve over a million in net profit among high dividend yield equities, ETFs, and bonds. It is vital that you have a variety of exposure, including in firms that are currently generating cash flows.

[@Angelinacortez495]

You seem to know the market better than we do, so that makes great sense. Who is the guide?

[@danieltaylor--65]

'Laurelyn Gross Pohlmeier' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@donaldwayne7023]

I simply Googled her name and her website came up right away. So far, it appears interesting. I emailed her, and I hope she responds soon. Thanks

[@donnadelcore1976]

You are so knowledgeable in handling money! Im 65 & going to start a Roth IRA thanks to you! 😊

[@johnnyb1329]

Perfect video for me. I am 51 years young. Thank you for this

[@CalltoLeap]

Glad it was helpful!

[@marychavez3540]

Yes please make other video I am in 50s and just started investing thanks to you

[@velissalewis5321]

Thank you so much. I have my 19 and 22 year old daughters watching your videos. They know so much more than I did at their ages. I want them to know everyone I didn't.

[@CRpatriot]

Omg how funny I just saw your whole video and didn’t know it had anything to do with being 50 and then I finished the video clicked on it again and it’s regarding a 50-year-old and that’s me I’m 53 and I really want to learn about options so glad I found your channel. You’re a good teacher.

[@randallewebb]

I think this is a great video. What I think is the highest compliment to the content is how people over 40 (and I am one of them) are clearly encouraged and have humility to take wise advice from a younger person. To me that shows not only your content is good, but you definitely have the thoughts and mind of a teacher.

[@Novaximus]

The scary thing is that you will one day reach an age where you will no longer be able to work. Ready for it or not, it'll happen faster than you realize. Time really starts flying in your later years because you just fall into a comfortable routine. Pretend that it's happening right now to you. This is your last week of work. All you get is your social security. Can you do it? Because that's going to be the reality you'll be hit with pretty darn soon. I think most people wake up every monday as it is thinking, "man... I just can't do another day of this" Prepare for the worst. hope for the best

[@Here_Today_]

You sir, are still an excellent teacher.

[@lanaslv32]

Steve OMG your explanation are AMAZING! Thank you!

[@TwitchRadio]

😂, awesome video but most people in this age group only have 200 - 400 a month extra to spare most of the time.. sometimes even way less.. realistically, it can be done but not at the numbers you're talkin about

[@Christensen554]

I put in 20k into various assets last year and flipped into six figures within a few months and still going. I’ve always been an advocate of investing because it has been rather rewarding. I hope to attain financial freedom soon. One more thing, I always look forward to your content brother, keep up the good work.

[@Rmorales799]

You can’t overlook the fact that it’s paramount not to get greedy but to remain invested through careful study, if not you can lose it all.

[@Novakissla]

I have some money saved from day job. I have no idea where or how to invest. How are you doing it, Leon?

[@Christensen554]

It’s not rocket science. As I said previously, I got into stocks, and REITs, myself but wasn't getting the results I wanted the first couple of months. Got tired of losing and decided to seek mentorship from Jonas Herman, a certified fiduciary who helps oversee my investments.

[@Sammytammy192]

@@Christensen554 While it may sound enticing, it is important to understand that stocks, like a fine wine or a Monet, has no standardized value. You look all good on the outside, while you wait till almost death to enjoy your wealth which presents an enormous economic(uncertainty) risk.

[@Alternatezoid]

It’s bonkers to compare stocks to moet mate. Over the years, I've been part of numerous investment programs, sifting through a barrage of information. Yet, none comes close to the sheer clarity, depth, and precision of Herman’s instructions and insights. It's akin to finding a diamond in the dirt.

[@MrAjpalkow]

Thanks for the excellent content! I wish that I had this information when I was in my 20’s. You Tube has become an extremely valuable resource (especially if a person is able to stay focused on mastering one subject at a time.) Thanks again- I’m a huge fan of your channel. 🙌

[@fatimaellis6539]

could you do one exactly like this but with FIDELITY and people over 55? I would love that - TIA

[@wdeemarwdeemar8739]

Yes as long as you have earned income. Also would look at your 401 k or equivalent at work if available or applicable.

[@marychavez3540]

I appreciate for sharing your knowledge.

[@ThePhandey]

Steve, another great video!! Extremely informative and helpful !

[@bonniemuzi3638]

Please more for the over 50/60 crowd. You are very intelligent & share such great info we were never taught

[@monicasalazz79]

You make it so easy to understand, thank you so much for sharing your knowledge, God bless you!

[@dnsnead]

Thank you! I learned alot. You have a new subscriber!

[@LifeDIY]

Great video. I am not 50 but still need this advice. Do you offer consultations? I'd be very interested. Thanks!

[@isaiahjaelin]

Yes I’m interested in hearing about covered calls

[@dtlars1929]

70 y/o divorcd 2 times, liquidated 3 401ks for health expenses etc,...present situation is home of 1.26km value with 300K 40 year interest only loan @ 4% mortgage, rent out mil apartment income of 80k from ss, small annuity, and as a caregiver for my daughter employed by the state. Have about 30k in stock and cash, 24 y/o car, no fluff and have slashed expenses. Started trading with minimal investment and expext 2 year learning curve. Work side jobs as carpenter to support disabled wife as well. Good faith based guy with healthy approach to life.

[@mirchimome]

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

[@ForwardMozell]

She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states

[@WilsonCounty]

Really you people know her? I was even thinking that I'm the only one she has helped walk through the fears and falls of trading

[@HighlightsSerieATIM]

I'm new at this, please how can I reach her?

[@agathacolleen]

I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills

[@mirchimome]

Sure! She interacts on what's App using the digit below 👇

[@falaniaae1835]

Thank you for this video. I deposit monthly into my Roth IRA and brokerage account. I invest in VOO, Sp& 500, and REIT. I want to know about the monthly deposit. Right now I deposit monthly into my accounts but it just sits there. I don't know how to invest my monthly deposits into the current stocks I have right now. Do I have to continue to purchase stocks with my monthly deposits? or can I add it to the stocks that I currently have right now if so how do I do that? Do I sell what I have and buy more with the money I deposit into my account? I'm so confused about depositing my monthly deposit. Please advise the 62 year single women.

[@cheryldh2580]

If I open a Roth IRA with Fidelity, can I transfer my current Roth IRA (from my Credit Union) to the Fidelity Roth, so I can invest it?

[@edcastillo4456]

Yes you can. Be sure it’s a transfer and not a withdrawal. There are specific forms to do this.

[@NatashaRaisorGlam]

Thank you so much. I’m 50 and this is so helpful.

[@adaortiz9784]

This is such amazing info! I want to learn here to do Covered Calls, please! 🙏🏽

[@CalltoLeap]

Thanks Ada! I have a lot of videos on this on my channel!

[@adaortiz9784]

@@CalltoLeap I will check them out!

[@fem.tompkins5732]

Hi Steve, I’m in my 60’s, have 403B. What other investors I get into to boost my retirement portfolio?

[@CalltoLeap]

Hi! If you're still working, you can open a Roth IRA, or even look into a TBA!

[@fem.tompkins5732]

@@CalltoLeap Hi Steve, can’t qualify to a Roth IRA due to my income, I have a 403 B . Is the earnings on TBA taxable?

[@simonewright1120]

Thk u for being a teacher. Bless u

[@micheleg8026]

Thank you this actually helped me a lot. You explained things very well

[@1811folife]

Excellent information! It was very well explained in layman's terms. I have a IRA account in Schwab and I'm going to invest in the S&P starting tomorrow. Thank you for that great info 👍.

[@CalltoLeap]

Glad it was helpful!

[@1811folife]

@CalltoLeap It was very helpful. I'm 49 and I have a 401K with my job but it took a major hit during covid when the market crashed. I've been contemplating opening up a Mutual fund.

[@sch728]

Steve, I have $50k from my parents estate. I’m 57 and would like to retire by 65. What should I do with it to have the most at 65.

[@OrganicJoint]

I will do cover calls or secure puts to start collecting passive income.

[@zeekflash6924]

Put it on red , 3 times .. after that go apply for welfare

[@phanip-t5t]

you are excellent. you are helping Society financially as tips. Great work, keep it up. once again thanks, its valuable info

[@lululemonbar9110]

Please continue to make videos for people over 45 or can you suggest a reputable creator who focuses on this? Thank you

[@Steve-youtube238]

Thanks for watching! My TEL is broken down into 3 sections. 十1(571), then 512, finally 5162. I'm available for a 1-1 convo. I'll expecting your tex.

[@shughes911]

Thank u pal!! Great info and to the point! Gives me hope!! 🙏🙏 do you have a company you could recommend to start a Roth IRA with?

[@DaBolo01]

Lots of value, through inspiration... glad I came across your channel!

[@ckennedy1973]

51 and can relate to this. I've really been investing more of my income into 401ks. The gains have really been remarkable within the last couple of years.

[@tessjones5987]

Thank you. Great information learned alot.

[@CalltoLeap]

Glad it was helpful!

[@punisher6659]

Great content. I enjoy your shorts and longer videos. Late 50's and I am working on a 11-12 year horizon.

[@Jen-qb9cl]

Great videos. Thank you

[@savagecat5499]

This is helpful! Thank you!

[@Steve-youtube238]

Thanks for watching! My TEL is broken down into 3 sections. 十1(571), then 512, finally 5162. I'm available for a 1-1 convo. I'll expecting your tex.

[@Anthony092100]

What's the difference in the final numbers when investing in dividend funds vs growth funds? At the end of the line the numbers similar? Thanks for the great video.....

[@manubisbee1]

Well said. Thanks!

[@Sassycatsoapery]

Thank you! This was incredibley helpful!

[@CalltoLeap]

Thank you!

[@russelllucas9916]

great stuff!! (Is it possible to do video on covered calls.

[@CalltoLeap]

Yes! I can do that next!

[@robienillosistoso628]

@@CalltoLeap im waiting for that video as well. Thank you

[@josearroyo4877]

Thank you for all this info

[@roycenedeleff6775]

I have a question? Say when you invest 500 dollars a month for the next 40 years. Where does the say if you need to cash out a little? When is a good time to sell. When your investment stocks skyrockets?

[@DM-zh7xn]

Does it matter if you purchase these ETFs on your Roth or individual account? Ty in advance

[@CalltoLeap]

l usually buy them in both accounts.

[@junitolopez3762]

This is great information. I would suggest if you are still working, fund your HSA first. HSA offer the triple treat- happy investing

[@CalltoLeap]

Yep! Only if you have a HDHP (high deductible health plan). HSAs are great for taxes!

[@832elf]

10:08 good video. Interest fear rate hikes. Now that’s a new phrase.

[@georgebowman1060]

Extremely helpful. Thank you. 👍

[@CalltoLeap]

You're welcome! Thanks for the support George!

[@KalawaiaManuhia]

Great video, thank you. Yes, please put together a video on covered calls.

[@COBlueoak]

Thank you! SPY Covered Call video would be great!

[@COBlueoak]

Question: To make future Covered Calls on SPY….Do you buy SPY in your Roth Account or your regular Fidelity individual account?

[@CalltoLeap]

I can make one in the future!

[@saremsieng1543]

Hi, can I still invest in the individual investment if I already maxed out my 403B? Thanks in advance for any help

[@Drea.m12504]

This video is good for those who never invested for their retirement. If you already have Roth, 401(k), individual investment accounts, just skip.

[@SaadonAksah]

Nice one! Thanks for sharing! 👍

[@CalltoLeap]

Of course! Thanks for the support!

[@koalew2964]

Very educational! Are you taxed on the 4% of the assets sold? I heard in another video you can set up a transfer back to your bank account, so if this becomes income, it has to be taxed, right?

[@HIPnotic999]

TY Steve! If you have an acct with Fidelity, can you buy VOO or other ETF/index fund from another company?

[@tashaschenck4076]

Hi I have Fidelity & purchased VOO. There are no fees associated bc it's Vanguard

[@user-hu5os2gk3m]

❤ Thank u so much is it a good idea to invest a large amount at once-let's say 70,000-and then continue investing 200 every month? Or is it better to only invest monthly? Which option is best?

[@Steve-youtube238]

Thanks for watching! My TEL is broken down into 3 sections. 十1(571), then 512, finally 5162. I'm available for a 1-1 convo. I'll expecting your tex..

[@audreytongela3982]

Hi Steve, thank you for the time you take to educate us about money. Kindly advise, is what you are saying only applicable to US citizens because I am in Africa.

[@luisruizjr.9429]

Can you buy more than one type of ETF with the money you put into your roth every month? If so, do you recommend doing that?

[@blueangels27x]

Thank you, Steve. Very helpful.

[@CalltoLeap]

Glad it was helpful! :)

[@shughes911]

What’s up with low index funds? Everyone seems to be saying this is the best to invest in?

[@CP-zj1hx]

A big thank you! I'm 51, no job and living off my inheritance, which is slowly dropping. Instead of investing every month, would I be able to invest one amount and leave it alone till I retire? Thank you again. If you offer services please let me know.

[@CalltoLeap]

Yes! You can invest a lump sum and let it grow. Ideally, you'll want to contribute more money to have compounding take off at a faster rate.

[@kwabenaowusu9429]

Nice video. Thanks.

[@Edie927]

Im 52 and need to start a retirement. Late I know. Ive wanted to learn how to invest and whats best to do to get as much before i retire. Do you have videos explaining how to invest and ehat companies? You mentiined SEP 500? Where do we go to invest? Im still pretty clueless.

[@Steve-youtube238]

Thanks for watching! My TEL is broken down into 3 sections. 十1(571), then 512, finally 5162. I'm available for a 1-1 convo. I'll expecting your tex.

[@johnwong1886]

Is there a reason you pick ETF & not Index Fund?

[@edcastillo4456]

Few things to explain. An ETF is a type of fund that often tracks existing indexes, similar to what an index fund does. An index fund allows tracks an underlying index, hence the name. The difference between an ETF and an index fund is how they are purchased. Regular index funds are purchased using forward pricing, while ETFs are bought at market or a specific price. Both are good investments, but everyone has a different reason for choosing one over the other.

[@lauradalessio5719]

This was VERY informative!! Thank you! Question . . . If I’m only allowed to contribute $8k towards Roth IRA, how can i save 2k every mo.? Won’t i get penalized for exceeding amount? Also, please make video on TDFs. First time hearing about it. Thank you for sharing your knowledge!

[@fs5775]

You will invest that money over 8K into a taxable brokerage account, not the IRA. Yes you will get penalized if you exceed the 8k so don't do it.

[@philenglish6173]

What are CDs? What are Cover Calls?

[@patriciabalcazar3361]

Thanks for the info 👍

[@CalltoLeap]

No problem 👍

[@juliar6075]

Do you pay on taxes on dividends even after you retire? And if so, at what rate?

[@Withamorproject]

This has a lot of usable information for an older person. However, there are earning limits associated with Roth IRA that i exceed for a single person. I need that sort of tax arrangement. What sort of plan is good for me at this point to add to my retirement?

[@NicE-jq3wv]

Back door Roth conversions and HSA

[@BronsonJaime]

63 with a 403b 2 years to invest God willing...what do you suggest?

[@momof3kids536]

Hey. I just left my job that had a 401k with a match and started a job that doesn't have a 401k. What is the best thing to do with my old 401k that I have to move?

[@jozelynpablo3281]

Thanks for the info! Why can’t you sell covered calls with VOO- is it because it can’t be done with Vanguard?

[@CalltoLeap]

You can sell covered calls against VOO shares. It's just that the liquidity/volume is relatively lower compared to SPY.

[@nicomyth]

Interesting advice but if you are just get started in your 50's statistically you are in the highest tax bracket you will ever be in. Would not a regular brokerage be better than a ROTH at this age? Or even better yet a pretax account like your employer's 401k? I don't think having a ROTH is bad at any age but as you hit your 50's it is not giving you that much tax advantage. Perhaps you will suggest this later in the video but your 50's is the right time to consider downsizing in home. Most people will have their home mortgage mostly paid off and they can sell, downsize and invest the difference. This could be especially helpful if you really have not saved anything yet. Your home's equity can give you a boost early on in your savings/investing.

[@timdog1863]

Great episode. Thanks!

[@lilibethvilella]

Thank you for sharing these steps! Sharing it w my son. I’m in book tour myself in NY today. Book on healing from divorce called “THE SUN ALWAYS PIERCES THROUGH” ☀️

[@ShimmyMD]

Steve - great video ! Question- can you please do video for back door Roth in Fidelity?

[@sqd8]

I'm 46. How can I invest when filing married but separate; we have not filed together in over 10 years. I started regularly investing in my employer 403b and a little in the Roth 403b,

[@jackiebirch1600]

Just starting to watch this video. I'm hoping this applies to Canadian Citizens

[@maximoon7077]

Thank you 🙏!

[@theplaylabchicago]

Thanks so much Steve! Your Mama must be so proud! New sub! My son and I had a rough ride, so I am starting late. I want to give him the tools to succeed and set myself up for retirement. This is so helpful. Looking forward to more targeted content! 🙏🏾✨🫶🏾

[@Steve-youtube238]

Thanks for watching! My TEL is broken down into 3 sections. 十1(571), then 512, finally 5162. I'm available for a 1-1 convo. I'll expecting your tex.

[@IceESole]

50? Why is the face in the thumb nail..50 fabulous! 😊😂

[@janetrobinson8925]

You are a great son, and I wish you the best in life. You are a WINNER...

[@tammyh.3326]

Outstanding video!

[@CalltoLeap]

Thank you very much, Tammy!

[@tessgb9026]

Hi Steve can you please advice on what to do with an old 401k should I convert to Roth IRA or traditional IRA?

[@CalltoLeap]

I can put this on my list!

[@sdiaz2k]

Hi Steve, I would like to get some private advice from you, just a simple advice where can I email you my concern to? Thanks