Mind Blowing 401K Strategies for 2023
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- čas přidán 2. 08. 2023
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It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My husband and I both spent same number of years in the civil service, he invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@ThomasChai05 Interesting. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
CAMILLE ALICIA GARCIA maintains an online presence. Just make a simple search for her name online.
Very much appreciated, your response suggests a person of benevolence.. just inputted her full name on my browser, and came across her site, top-notch qualifications! she seems well-qualified
Where in the hell have you been all my life!!!! You are a true ROCK STARRR!!!!Thank you!!
I just want to be Mark’s friend. I need that kind of energy in my life.
Networking events, thats where you can find like-minded businessmen & women with similar frequencies 😊
Loving these 401k strategies!
Crazy how nobody EVER talks about AFTER-TAX POST ‘86 contributions. This video has been the very first I have ever heard a mention of it. Which by the way provides an extremely EASY way to back door the funds to a ROTH-IRA. I’m not very clear on the contribution cap on after-tax post ‘86, but I believe it’s in excess of $50k per annum, on top of your pre-tax or ROTH 401k contribution cap.
Awesome strategies as always. Question: can you do a video on strategies and taxes for expats living outside the U.S.?
Mark Kay for president. The ending of your podcast made me want to stand up and salute. Ha ha.
Ahhh, I didn’t know that they changed the contribution to go to the Roth portion with the Secure Act. Good info. I will let my wife know.
I found you by accident and watched a handful of your videos, then downloaded your ebook...then thought, ok this guy couple help me with some strategy. Called your office and wanted to see if my situation was something I could be helped with, and to see whoever they connected me with. I knew it wouldn't be you, so I kinda wanted to interview so to speak...NOPE! $1500 first! No 10 min consultation, no nothing. So I don't even get to meet the person whom I might hire ? Just pay me and I'll let you know if I can help you? I guess I don't get that.
Thank you for sharing what you know with us who didn’t get the FYI when younger.
I do need a consultation
With someone in your company.
Hey there, yes our firm can help you! Please get connected for an appointment here: kkoslawyers.com/schedule-an-appointment/ - thank you
Thank you great info. How do I use my 401k to buy rental property?
1- Is there anything idea for asset protection from creditors, divorce, judge rulings.
2- do u do personal consultations and how can we contact you personal.
Minimum 10 percent, because Mr. Kohler can explain. But you invest then taxed at work. If just taxed you'd pay more in taxes. If invest tax monies go in first then pay less taxes on pay. Over all. Keeping more of paycheck. Allowing tax money to grow in 401k. If can after tax contribution grow tax free and no taxes when retirement.
Appreciate the tutorial trying to b a better student every day.
Happy holidays
I wish it is a 100% match but the reality is it’s .10 to .25 of the 4-6% of 401k
I have been chunking but didn’t do it in 2022. I live in CA and am not going to retire here so I don’t want to pay the 8-9% in taxes.
Im being told my 401k through work is untouchable unless i leave. Is there anyway to get that into a roth without leaving job or any other options so i can invest in other opportunities?
If you have your 401k in a PCRA account through your job are these investments options still available?
whats your thoughts on any crypto involvement
I want to invest safely without getting burnt. How did you start?
For beginners, it's best to go with a reliable professional with a track record.
@@reneewatcher1395 I always rely on a pro before making trades. Get yourself a good investment expert.
@@reneewatcher1395 Get in touch with a mentor or coach for assistance, thats a very small challenge, that way you are able to trade with more asset security
Could you direct me to someone who is qualified to help me set up a backdoor Roth IRA in Michigan near mt pleasant is the city
DON’T be talking of OJ now, I just bought a Bronco!
can you please send me everything you have on the different types of Crt trusts please…., I am a crypto trader, and I would like to create it based around that I don’t have a income other tthen my trading would like to create the trust based on my Crypto wallets tax free …thank you
OJ =goat
What about the aggregation rule?
I have a 401k.. and I am thinking of making it to a Roth..
What would the implications be if a leave it to my heirs... Will they have to withdraw it in 10 years?
I believe they’d have to withdraw it, however I think they could put it back into their own accts fairly easily
Yes they have to withdraw it within 10 years, but it is tax free for them!
Can I take my 401k and invest in CGC grade 9.8 (mint condition) investment grade comic books. Some are appreciating at around 20% each year.
And if so, do these comic books have to be held in custody by a 3rd person or can I keep them??
Thank you so much, in advance!
For what to get fucked on taxes
Invest in your brother-in-law’s landscape business? Yeah, better off opening the window and throwing out $100 bills.
👋If investing in your brother's landscaping company, as Mat will tell you, make sure it's a brother from another mother.✌
That's a scary thought. Investing in a brother in laws landscaping business. Your sister wants a divorce and now all his money is gone.
Hello Mark my child has 18 now and he is disabled and the government help him with a check monthly for his needs and I'm his guardian, can he have a Roth IRA on his name or I have to do it on my name an add him to the account, pls can you guide me, thanks
Ira required earn income- earned income = job.
5 million $
40 yrs from now will be like 500k now a days maybe less 😕
I make about 300 Grand a year and I'm single. Can I put money into a rock and if so how would I do that?
Google
Look into a backdoor Roth IRA I do it and it is pretty easy. Just make sure you do it correctly and your broker may tell you the steps. At tax time make sure you give the proper documents to the accountant
I really don’t think you understand how fees in a 401(k) plan provided by an employer works. You also don’t seem to understand how fees in an ETF with a financial advisor work. ETFs have nearly. Zero fees and the typical advisory fee to work with a planner is 1%. Plus, Wall Street and Main Street go hand-in-hand, almost as much as Wall Street and the stock market.
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
Mrs Antelo changed my life because of the high profits I got from investing with her.
She's mostly on Telegrams app with the name below.
INVESTWITHANTELO💯
Why you dicks commenting here
Not really available to every working American. Not everyone has a 401k. Just sayin’. Now, if you’re talking about IRA’s too, then you are closer. With a pension, I cannot put into a tax deferred IRA and no 401k. Now, I did have a 401k previously that I converted to an IRA and took a portion to do a self-directed IRA with precious metals.