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I think the stock market will do well in 2024, so I'm thinking of putting $220,000 into stocks for my retirement. Any advice on doing this safely? Also, any important tips for the current financial situation?
ОтветитьSo have to be making 140 bands?
Challenge accepted
Niceeee
ОтветитьIs the $140k gross or net ?
ОтветитьWhat’s the best platform to invest on roth ira?
ОтветитьIf you’re risk-averse and want a guaranteed income without any chance of loss, an IRA CD is a good option. This investment is just a CD inside an IRA. And inside a tax-friendly IRA, you’ll avoid taxes on the interest you accrue, as long as you stick to the plan’s rules.
ОтветитьThese ira things are a total scam. Why lock your money until you’re 59!? 😂
ОтветитьJohn
ОтветитьWhat about if your income is over the limits, what’s a good substitute?
ОтветитьHow do you film these types of videos?
ОтветитьIm going to open mine next week and do 300$ a month till i cant anymore.
ОтветитьU successful bro , but look like u got hit by a hot pan
ОтветитьWhat should you do if you have already contributed money to your Roth, but also made more than the income limit?
ОтветитьMy bank said you can't invest with their Roth IRA acct funds. Their Roth IRAs are essentially long-term CDs with good interest rates. So this isn't the case with all banks?
ОтветитьThis is the first bit of good advice this guy has said.
ОтветитьIs it safe to manage this by yourself through fidelity, even after it starts accumulating to higher amounts? I’m 21 and have been doing this for a couple years now and am concerned if I should do this on my own or have a adviser to help. Currently just putting into voo. Also Im not to educated on this, will Voo even be around in 40 years?
ОтветитьCan you have a Roth Ira and a SD Roth both
ОтветитьThen by the time you are 60yo, 3 million can buy you 5 hot dogs 🤡
ОтветитьSo wait a Roth IRA is someone investing your money for you? & what are they investing into?? but I do understand that you can put money in after taxes paid ! You can take your money out if needed but only what you invested not the gains made ! Also will you get all what's in your account at age 59 no issues? & do you need a financial advisor to do this for you or whatever , I'm guessing it can't be you investing? & how do you trust someone with the power of your future ? Especially if you had a lot of $ , can they lose your $ & you get it back or b/c you approved the investment it's your loss ? & if you didn't approve of what they did & that happend do you have insurance on your $ with the bank your banking with or you have to go to a 3rd party for insurance??
ОтветитьThe utilization of after-tax money and tax-free growth makes opening a Roth IRA very advantageous. Through a careful guidance of my FA, I did not pay taxes on my withdrawals of $890k when I retired.
ОтветитьIncreasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account.
ОтветитьI’m new to this. Do you use the income from the year prior or the current tax year?
ОтветитьHow do people manage in retirement since 401ks are nothing to write home about? My 800k turned to 250k in no time. Im 53, will I work till God calls me?I
ОтветитьYou must follow the 23 year old spoiled rich kid show.
Ответить6k a year is 10% of my total income. Fuck I'm broke.
ОтветитьWhat if I make over $400K ? I mean as of right now I don’t, but when I do make over the limit, what then? Do they have a Roth ira for that kind of situation?
ОтветитьDo I go to bank to do this?
ОтветитьWhat rot ira is good?
ОтветитьI'd also point out that you can withdraw from your Roth prior to age 59.5 tax/penalty free. You can take out up to the amount you've put in without penalty. So if you put in $5k and it grows to $8k, you can withdraw that initial $5k penalty free if needed.
Ответитьif i invest money in say FXAIX do i have to buy and sell all of the time in order to make money for retirement or can i just invest $100.00 each week until im 60 and then take my money out?
ОтветитьHow do people manage in retirement since 401ks are nothing to write home about? My 800k turned to 250k in no time. Im 61, will I work till God calls me?
Ответить$3million?😂
ОтветитьMisleading, you can take money before you are 59 1/2, only your contributions not the the gains.
ОтветитьWhat happens if you eventually make more than the income limit?
ОтветитьHello,
I just opened a ROTH IRA with Fidelity two months ago and contributed $1400. Now I see it is $1412.88 with dividends added.
Can I just contribute yearly and leave it like this or do I need to invest or do something else?
Thank you!
Close to 3 millions dollars? How much did you start with?!
ОтветитьWhat’s the difference from Roth vs VOO? The tax benefits? VOO index funds shares, more liquidity with no age limits?
ОтветитьI’d be retiring or working less in 5 years, and considering this financial recession, I’m curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $250K per year but nothing to show for it yet.
ОтветитьMy growth of 401k and Roth combined growth is 3.84% in the past year. In this environment does investing under a brokerage account with a custodian/retirement-planner outweigh a 401k? should I seek a pro to grow my funds on brokerage acct or still hold? I have 5 years to retirement. Happy to discuss.
ОтветитьOnce you reach the age of 50 years old you can contribute up to $7500 a year.
ОтветитьFidelity
Ответить60 yea then i only got 15 years to live "My Life."
Ответить*6500 now 👍
ОтветитьQuestion???
1)As a single tax filer, if I make $200k short term capital gains, no job, can I use that to fund a Roth IRA account???
2) Or if I have a job making $40k a year and make $200k on short term capital gains, will it affect my qualifications to open up a Roth IRA???
This isn’t the Irish Republican Army
ОтветитьOk so how is that going to work for 60 yr olds just getting started?
ОтветитьHow about the rate of inflation? If you buy something today for 1 dollar, according to the rate of inflation "in 42 years the same item will cost you around 32 dollars"
ОтветитьIsn’t there different types. Can’t you go to a broker instead of a bank. I went to my bank and I’m worried I did the wrong one
ОтветитьSo if you make more than $208K/ year we can't put money into a roth?
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