As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.
@maryHenokNft Жыл бұрын
Yes, you are right. it's been a brisk tailwind for lnvestors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financiaI advisor.
@TheresaAnderson-kf5xw Жыл бұрын
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
@hunter-bourke21 Жыл бұрын
@@TheresaAnderson-kf5xw Please can you leave the info of your lnvestment advsor here? I’m in dire need for one.
@TheresaAnderson-kf5xw Жыл бұрын
Sure, the Financial advisor that guides me is *Camille Alicia Garcia* and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
@maggysterling33254 Жыл бұрын
Thank you for the information. I conducted my own research and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
@theonewhoknows96156 ай бұрын
401Ks are an absolute joke!!!! Most people will work the rest of their lives. The Match to the 401K is your raise (you get a lower raise, the company use the rest to match). Most have $150,000 or less in their accounts. Fees are outrageous. Jack Bogal says “you’ll take 100% of the risk, put up 100% of the money and get 30% of the returns”
@JeffwolfensonАй бұрын
Not sure what your talking about. If your employer puts a percentage of your salary and a match you need to maximize it. Low fees for employer plans and you can borrow from the plan at low rates. When you retire you will be a low income earner. When you work you earn more. The problem is many do not take advantage of it so using your advice they have nothing in it. Your advice is the problem.
@josefj17767 ай бұрын
The Key to a 401K or an IRA is to get to the first 100K as fast as you can if you do 10K a year it will take 8 years the second 100K will take 5.8 years. This plan is meant to give you retirement income not make you rich. If you start this when you are in your 20’s you will be at an easy 2-3 million. For example, I started my Roth IRA in 2016 and I have had 166% growth including the money I just put in. In your 20’s every $1 you put in will turn into $88 in growth.
@korgond Жыл бұрын
I'm looking forward your every new video 👍👍
@mmarko98 Жыл бұрын
Great podcast very educational. I live in Europe (little country called Slovenia) and I'm new in the investor column. You guys were talking about the compounding and the "little" fees of wall street that they take. Any advise were is the best place to buy stocks (the brokers). And what you have to look when you choosing the brokerage.
@kgawaneclinton8667 Жыл бұрын
Appreciate the content
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@kgawaneclinton8667 Жыл бұрын
@@RobertKiyosaki19477 hello, am in south africa
@robertlazo987 Жыл бұрын
Guys! Love the content!! I had a question or more so I was curious on your thoughts on ESPP or ESOP companies. (Employee stock purchase program) or (employee stock ownership programs) are these any more favorable then normal 401k investing? Or are they equally as bad?
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@TraderJoe26 Жыл бұрын
I think you are throwing every 401 in the same pot. I’m in a self directed Roth 401 with company match and also bonus match in a separate account. When you sell your still going to pay long term capital gains. As far as the amount saved is concerned Americans are not saving enough for retirement plain and simple. In 7 yrs of contributing I’ve already doubled the standard for my age. Also save the year prior to max out a Roth IRA so come Jan 1st 6500 goes into VOO throughout the year.
@cathys.1284 Жыл бұрын
People could learn a lot of their questions were actually answered.
@garywhite68 Жыл бұрын
This is disingenuous at best. For example, Bogle talked about the tyranny of fees of high fee mutual funds, which are sometimes in 401ks. Bogle actually thought 401ks weren’t restrictive enough with participants able to not fund it and pull out $ at will. He preferred the Australian plan.
@jakestanton6855 Жыл бұрын
They are low because people withdraw to early. That problem is due to peoples commitment
@caveman9897 Жыл бұрын
Ya all ppl need to do is work til 85 and then they will have enough to start drawing ob
@jerrycamonjr.9594 Жыл бұрын
Yeah. And most ppl don’t know that in the 401k you can pick your own funds to invest and not like the advisors manage it for you.
@jakestanton6855 Жыл бұрын
@@jerrycamonjr.9594 I have been saving in my 401k since I was 24. In 40 years I amassed over 150 k saving about $150 per pay check and being matched by company. I picked my own investment funds, moving to fix when times felt uncertain and speculative when things were boom. The fees were about 1% but fluctuated up and down. I feel the 401 K served me well. I wasn’t looking to get rich…that’s not what it was for…it was to supplement my income in retirement.
@dantecarpino7500 Жыл бұрын
Can we write off the fees in our taxes?
@douglasnburns Жыл бұрын
Would you put managed Roth IRAs & Managed brokerage accounts in the same category as a 401k given the broker is taking their fees on top of performance?
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@lilytea3 Жыл бұрын
0:01: 📚 Andy Tanner is known for his extensive knowledge on 401ks and has written a book on the subject. 3:50: 🤥 The speaker claims that the benefits of retirement accounts are untrue and that there is no money in them for individuals. 11:54: 💰 Fees can significantly reduce the compounding power of investments, with 80% of earnings potentially going to fees over a lifetime. 8:08: 📈 The speaker discusses the choice between following advice or relying on personal knowledge and highlights the compounding effect of investing in the S&P500. 15:05: 🤔 The speaker argues that 401ks are a legal heist that funnels money to Wall Street. 19:07: 📉 According to the speaker, it is unlikely for a person with a low-paying job to become rich by investing in a 401k. 22:57: 😮 92% of actively managed funds have failed to beat the S&P 500, underperforming and charging fees. 26:43: 🎢 The speaker discusses the concept of risk and reward, mentioning the potential immorality associated with it. 30:14: 💰 Eliminating fees and learning to write covered calls can significantly boost compounding power in investing. Recap by Tammy AI
@cryptokeper Жыл бұрын
In general, this is the worst “advice” I’ve ever seen. My 401k has an expense ratio of .02%. It’s practically free and I invest in the SP500. I get a 4% match and I’m doing quite well. I just don’t see where he is going with this.
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@FATHERTiME-jo6zj Жыл бұрын
Damn good Show guys! 👍🏽
@hoplourd Жыл бұрын
SOMEONE explain this to me. PLEASEE. To ask for a loan in a bank, I need a job, right? Can someone explain to me how he can get loans of 300M??? So many DUBTS.
@grumpy3543 Жыл бұрын
What choice do I have when that’s the only way I can get money from the company?
@michaelhowse6077 Жыл бұрын
I try to get out of it but it was a no go SMH .
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@JLW667 Жыл бұрын
8:05 S&P
@E44-n9j Жыл бұрын
Should i stop investing in my 401k?
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@josefj17767 ай бұрын
No you need to get to your first 100K as fast as you can and the second 100K will be much faster. Invest into low-cost index funds. Since I started my Roth in 2016 I have had 166% growth of my investments and that is including growth of the money I put in last month.
@ceezgeez1793 Жыл бұрын
Good stuff guys! Thnx
@dalila397 Жыл бұрын
How do i find a lost 401 is my question :)
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@dantecarpino7500 Жыл бұрын
The only good thing is is when I'm 72 I can draw as long as I live to 72! I'm sorry I feel the government is going to take this money or has already miss spent it!
@invisibleninj Жыл бұрын
I don’t have one.
@drewcoscia Жыл бұрын
Thoughts and feelings toward a self directled 401(k) or IRA?
@BenFeldstein Жыл бұрын
What is the optimal retirement plan protocol
@segunjohnsonafilaka2511 Жыл бұрын
Nice to be on board.👍
@RobertKiyosaki19477 Жыл бұрын
Hi.. Greetings dear Glad to hear from you. I appreciate your love, care and support Where are you texting from?🎉
@asjalfaisal-q8y Жыл бұрын
Hello everyone! I hope you're doing well. I'm in a bit of a financial bind with the current down market, and I'm looking for some guidance and strategies to make wise investments. Does anyone here have any experience or recommendations for a trusted investment advisor who can help me navigate these challenging times
@AnnaFed015 Жыл бұрын
I've had my fair share of experiences with investment advisors, but I've been left wanting more. It's been frustrating dealing with advisors who lack experience, respond slowly, i will like to here if anyone confirm working with Dustin Dwain King i looked him up he seems quite good but i will like to hear from someone here with first hand expands dealing with him.
@Windarti30 Жыл бұрын
I can vouch for Dustin Dwain King's services. I've been working with him for the past two years, and I must say, he's been fantastic! He takes the time to understand your financial goals and risk tolerance, and his investment advice has yielded impressive returns for me. I feel confident in his expertise.
@the1andonlypop Жыл бұрын
Shaq free throws. Real estate agents aren't that great sales people.
@thecryptobunker Жыл бұрын
This is null and void for vanguard. The fees are like .01 or something
@essdee800 Жыл бұрын
If you make 3 percent and they take 1 or 2 percent, that’s huge
@thecryptobunker Жыл бұрын
@@essdee800 Their fee is .04% which is 1/25th of the 1% fee he is talking about. If you have a roth and use vanguard you are golden. I think he is specifically talking about 401ks not roth. Also is assuming these high expense fees.
@josefj17767 ай бұрын
@@thecryptobunkerthe fees for 401K’s nowadays are actually a lot lower than they were 15 years ago.
@latinclubtv8358 Жыл бұрын
Trading, staking, and all that stuff are cool, of course, but Ive decided to invest in a real business like Canna farm ltd. Its stable, and Im earning passive income from crypto, no complaints here.