Download Your FREE PDF 1-Page Companion Guide – Ideal Order Of Investing For High-Income Earners: …
source
Today's News for Tomorrow's Brew
Today's News for Tomorrow's Brew
Download Your FREE PDF 1-Page Companion Guide – Ideal Order Of Investing For High-Income Earners: …
source
► Download Your FREE PDF 1-Page Compansion Guide – Ideal Order Of Investing For High Income Earners: https://www.financialtortoise.com/ideal-order-investing-high-income
There are many differing viewpoints regarding equities and their projections for the next years; I strive for short-term substantial returns from market corrections, and I'd surely get on the boat if I knew anything about day-trading. I'm just searching for the appropriate moves to increase and protect my $490k reserve from inflation.
Based on my 6 years of experience with dividend investing, my best advice is to adopt a long-term mindset. While dividends offer attractive income, their true potential lies in the remarkable compounding effect that unfolds over time. With a $350,000 portfolio, I'm now seeking to optimize its performance by adding high-potential companies. I'd love to hear your ideas and insights
This is my fifth year after retirement. I’ve been following the 4% rule thing I saw on a YouTube channel, but this isn’t really how hard I expected things to be. After I cashed out a lump sum, I still have about $760k left, but at this rate, and with how the market is (we were putting money away in an index fund), I’m starting to get worried.
Fantastic video and full of valuable info as usual!
Folks! Try to max out your 401k if you can. If you’re younger do the Roth 401k … pulling the money out is so complicated if you have the regular 401k.. trust me. Watch the YouTube videos and you’ll believe me !
I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow into something substantial that I might use for retirement. I’m just here for ideas
this is the most straight foward no bullshit video on investing I've seen in years
I'm a 52-year-old QA Specialist at Confluera, earning $150,000 annually. While I have a retirement account, I'm eager to explore short-term investment opportunities before transitioning to part-time work in the coming years.
This is very inspiring. I'm working on my dream and feel nothing working yet. This video made me motivated to move forward. When I was 24, my company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances?
I'm surprised the HSA isn't higher since it is triple tax advantaged.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Rule 1 make money, Rules 2-10: Evade taxes no matter what, even at the detriment of your country, company and community. I'm being hyperbolic (am I?), so I hope this finds you well.
Hello, I wish to start investing but i dont know where to begin. Any advice on how to invest my 200k cash savings?
You don’t need to hold cash it’s super bad EV compared to selling stocks in an emergency
It's crazy to me that the backdoor ira needs to exist. Why is there an income limit when there is already a contribution limit..doesn't make any sense. I had this explained to me by my advisor and just laughed. Dude couldn't even give me a credible argument for it.
This video is soothing
I wish I watched this a couple of years ago whenI started working in the US. I'm doing OK but could've 2x-3x if I watched something like this before.
He says to invest in traditional IRAs last as if it's a much worse option than the Roth and 401k, but my understanding is that account is basically the key to retiring early, so it seems it should be talked about in a much more important way. What am I missing here?
My strategy has always been to invest 25% of my income in the stock market at the beginning of each month. The second part of my strategy is not to sell for at least 5 years, but recently my portfolio has suffered major decline about $150k in losses. What can I do please?
Its not necessary to max out traditional 401k contributions to take advantage of the mega backdoor roth
You forgot a prperly desiged IUL . After tax funding no limits no tax filing cash on hand fo rother investments uncapped growth ..
Surely paying off high interest debt should come before employee stock purchase plans, and even before employer matched 401k.
Thanks, I’m just curious. Is there any reason why you left out IULs? For high income earners this instrument has its merits. Obviously when it is structured correctly by an honest advisor.
BEWARE OF ESPP!!! I had a ton of stock purchased through espp the deal was great. However, I could not sell the stock for a year and employers can actually take back the discounted portion of the stock. When I was terminated in Nov of 2022 it was not until March of 2023 I woke up with my Fidelity account having dropped by 1/3!!! My employer had taken back the discounted amount they gave me straight from my account. I could not have done anything because I did not have most of those stocks for more than a year.
Typical Asian. Prefers cash over investments.
Re: #2: Money in a checking & savings account at a bank? No thank you. I’ll take a money market fund at a brokerage firm.
I don't think I buy maxing out the 401k before the HSA. Of course, get the employer match, but I'd argue you should instead be maxing the HSA before returning to max out the 401k.
Bro that hair is insane
So many free advertisements in the comment! Come on 😂.
My ESPP requires me to hold shares for 12-months but they are purchased at a 15% discount. The company is doing great and our stock price has been growing steadily for years and years, but I did want to get thoughts on this? I plan on maxxing out the benefit but 12-months does feel like a lot of time!
How to make lots of money with very little effort 101…
I know so many people that blow so much money on stupid crap and have no investments whatsoever outside whatever their employer provides them. It’s truly bizarre how many people choose frivolous pursuits and trivial instant gratifications over financial security and even being able to retire in their 40’s or 50’s. I was dumb in my 20’s. If I had followed these basic rules since starting my career then, I’d be a $millionaire now before 40 and could retire comfortably before 50. And it wouldn’t have been a massive burden. All I would have had to do is drive cheaper cars, spend less of pointless crap and budget within reason to afford all the investments that would have made that possible.
Change the title to Investment for high income earners only in USA because ur advice isn't matching anything here in Europe.
Imagine doing a investment video and leaving out the best performing asset of the last decade ?? Bitcoin
Great informative content. I don't completely agree about the ESPP reallocation to index funds if the company you work for has a monopoly or a called moat in their sector, or if the company has a great future potential. Still carries risk. Lastly, Bitcoin and Bitcoin ETFs not mentioned. Bitcoin is high risk, yet it is a separate asset category and can be treated as a high risk individual stock, e.g. allocation of <1-2% of Portfolio. DYOR
love this but what if you want to use your $ before retirement?
i appreciate you…finally… someone on youtube that says lets get into it, and then you get right into it!!!!! unlike everyone else here that says lets get into it, then talks about 20 minutes before getting into it…
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I lost a fortune investing in flunk companies. I'm currently liquidating, compiling and picking stocks that l'd love to hold on to for a few years before retirement, am I better off sticking to Gold as it seems stocks are a little too unstable right now.
Man I'm doing all of these things. 401k top out, hsa, espp, real estate you name it, will retire with millions. The fact is that is when I'm old. Sometimes I want to put my 401k and all other investments for retirement on hold and go full real estate. Getting out of the rat race asap and getting more time for your life seems most important. But we get guys like this saying do the match get the free money, esp, hsa etc 🥹
Shouldn’t you pay down high interest debt first? If you’re paying 30% on debts then any growth you get from stocks are wiped out
Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
7:12 Is the requirement correct to contribute to the 401k after tax for mega backdoor? I don't think the people needs to have earned income above the Roth IRA contribution limit. And secondly, do you really need to first max out your 401k and then contribute to 401k after tax?
Backdoor only works if you have NO IRA, otherwise, your conversion is a mess.