I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.
@Hajesse
6 күн бұрын
You can put your excess cash in a 5% HYSA or work with a financial advisor to create a good portfolio that can average 20% annually for you.
@game46632
6 күн бұрын
Right, a lot of folks downplay the role of advisors until being burnt by their emotions, no offense. Faced a similar situation and I sought advice from a fiduciary advisør. We've been able to build a 7 figure portfolio that has averaged an annualized return of 25% in the last 8 years.
@ApBurger3532
6 күн бұрын
Your advisor seems competent. Could you share how I can reach out to them? I've recently sold some property and i am interested in investing in stocks.
@game46632
6 күн бұрын
I'm cautious about giving specific recommendations as everyone's situation varies. Consider independent financial advisors like "KRISTIN AMBER LANDIS" I've worked with her for years and highly recommend her. Check if she meets your criteria.
@ApBurger3532
6 күн бұрын
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
@DaniloGoncalves-fd2qb
29 күн бұрын
Amazing!!“This is what newbie investors should do”.
@DaniloGoncalves-fd2qb
29 күн бұрын
The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.
@DaniloGoncalves-fd2qb
29 күн бұрын
For more lnfo FinanciaI-PIanner Rebecca Mart-Watson (in fuII).
@DaniloGoncalves-fd2qb
29 күн бұрын
For more lnfo Rebecca Mart-Watson (in fuII)
@JuliaNewman-zz9zm
29 күн бұрын
l’m amazed to partake on this, lt has rekindled the fire to my goals.
@JuliaNewman-zz9zm
29 күн бұрын
deserve aII attention, good to be here
@NicholasBall130
13 күн бұрын
Biggest financial mistake I ever made was with my 401k. My company had a Roth 401k when my kids were in college, but I didn't actually start contributing until year 3 of the 6 years I had kids in college. Because I was helping them with expenses, I was entitled to the tax credits, so my effective tax rate was extremely low. That is the time you NEED to be in a roth! i still retired with about $350k in my 401k.
@StacieBMui
13 күн бұрын
People don't really know this, You need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@StocksWolf752
13 күн бұрын
I totally agree; I am 66 years old, recently retired, with approximately $1.2 million in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, I didn't do all this alone, but with the help of a financial advisor. Having one is currently the best way to trade in the stock market, especially for people nearing retirement.
@DilaraKamelya
13 күн бұрын
Fantastic! That sounds wonderful. How can I get in touch with your financial supervisor?
@StocksWolf752
13 күн бұрын
Sonya lee Mitchell is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
@VictorBiggerstaff
10 сағат бұрын
I searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@gwenhughes8650
11 ай бұрын
Literally, NO ONE has ever told me this!! THANK YOU!!!
@Ash-pp6yt
11 ай бұрын
But that doesn’t come without risk. For the love of the lord, please seek professional counseling and look into the risks 😢 no worthwhile investment is risk free and if it is, then it isn’t a worthwhile investment.
@rqb6731
10 ай бұрын
Just but vti or voo and on a long enough time horizon youre good Or if you want dividends you can buy jepi or schd(or others) Right now i dollar cost avg into schd jepi and vti, all efs which are super safe(unless the usa collapses) Its pretty safe just be really careful buying individual stocks because that can end badly (or fantastically) Just tryna give advice, im a normal dude so take this with a grain of salt and learn as much as you can
@serialliker.
8 ай бұрын
😂 they taught this in one math lesson each school year, but you weren’t listening.
@gwenhughes8650
8 ай бұрын
@@serialliker. Where do you live? They def weren't teaching this in my math classes.
@billytothe6thpower
7 ай бұрын
Wow . Did you need someone to tell you you need to stop when the light turns red
@elenib3052
2 ай бұрын
Increasing 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.
@peterpahor8228
2 ай бұрын
I’ve heard a lot about this. Thank you so much for going over it. I've been told to start a solo 401k with my business. Then convert it over into my Roth IRA. Seems very confusing. Do I pay taxes on the money the year I convert? How does this work exactly?
@loritobia1056
2 ай бұрын
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
@alpgeorge7012
2 ай бұрын
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
@elenib3052
2 ай бұрын
I have thought about this, but haven't figured out how to get consultation, I don’t live in a big city.
@alpgeorge7012
2 ай бұрын
Really? Have you searched? Use any investor/advisor tool. Look for monicamary Strigle I am close to retirement with 1.4 M to my name outside of retirement accounts. I hired her services 3 years ago, she contributed immensely to my portfolio progress.
@GiovanniM309
Ай бұрын
I’m favoured financially, Thank you Jesus $34,000 weekly profit regardless of how bad it gets on the economy
@HaldweMeje
Ай бұрын
Same here, with my current portfolio made from my investments with my personal financial advisor ‹Patricia Vesely> i totally agree with you
@sinitkaiauliana1946
Ай бұрын
Wow! Kind of in shock you mentioned expert, Patricia Vesely. What a coincidence!!
@DoganZata
Ай бұрын
YES!!! That’s exactly her name (PATRICIA VESELY) so many people have recommended highly about her and am just starting with her from Brisbane Australia 🇦🇺
@KelaySolak
Ай бұрын
I have heard a lot of wonderful things about Patricia on the news but didn’t believe it until now. I’m definitely trying her out
@GiovanniM309
Ай бұрын
Such a genuine personality!!, Sincerely speaking. I will continue to trade and stick to Patricia Vesely’s daily signals and guides as long as it works well for me.
@ThatDataLady
9 ай бұрын
*huge tip* the last one she said: A Target Based Investing Fund is the one MOST people do. It’s extremely easy. If you use Schwab or Fidelity, or whatever, it usually says ya know “2050” meaning you are shooting to retire in 2050 and it will invest your money FOR YOU
@Selena-yr6cj
3 ай бұрын
How much would you say is the best amount to invest in a Target Based Investing Fund? Do you put all your contributions in there or just a specific amount? I’m new to this and no idea how to go about things. TIA
@Aziz__0
11 ай бұрын
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. When you withdraw money from your Roth IRA in retirement, you won’t have to pay tax on it, which will help you keep more of your hard-earned money. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.
@carter3294
11 ай бұрын
Effective personal finance management is more important than the amount of money saved, regardless of whether income is earned through job or investment. Individuals can seek counsel from a certified financial advisor to optimize financial outcomes, who can provide specialized advice and methods to decrease expenses and maximize income.
@floxydorathy6611
11 ай бұрын
@@carter3294 I completely agree; I am 60 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.
@floxydorathy6611
11 ай бұрын
@Bill Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "NICOLE DESIREE SIMON" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@deborahpollitt7533
Жыл бұрын
Wish I had understood to put my money in a Roth IRA. Taxes are higher now that when I was investing in a regular IRA before I retired.
@chelseaap
11 ай бұрын
I had $500 sitting like this for a year. Yall!!! 😭
@Moneyway77
10 ай бұрын
Could’ve doubled by now, is never too late🤞🏾
@eleigh1312
9 ай бұрын
Ok but at least you didn't find out 10 years from now... 😅
@amiyasparks
9 ай бұрын
Bro I had 15k sitting there
@velayuthman
5 ай бұрын
There is also no earned income requirement to convert to a Roth. As long as you have a balance in an IRA, in theory, you can keep converting to a Roth as long as you like. But how best can i compound at least $2m in retirement savings without holding cash?
@Curbalnk
5 ай бұрын
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions in such as retirement planning
@greekbarrios
5 ай бұрын
Agreed, It's really challenging to create a strong retirement portfolio, so I always preach about the importance of having an advisor.This helped me stay afloat and improve my portfolio 0f $450k by 40% in 5 years.They have strategies that are specifically suited to your long-term objectives and financial aspirations.
@colleen.odegaard
5 ай бұрын
This convo makes me realize how important it is to monitor the financial health of retirement plans and fund and also understand how they're invested. It's not something to be taken lightly. Please who is the advisor that guides you?
@greekbarrios
5 ай бұрын
I personally have my portfolio overseen by California-based wealth advisor and fixed income strategist at that 'Monica Selena Park'..She's well established and you'd find her professional bio on the net If you look her up, i'd suggest you do this and let me know what you think
@colleen.odegaard
5 ай бұрын
Thank you for sharing, I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive. I reached out and scheduled a call
@Thepennypicker91
11 ай бұрын
I m so glad I searched this. I have maxed out already on my roth ira and it never grew so I searched it and your video comes up. Thanks for sharing that. But what happens if the index funds go down?
@themoneydownloader1247
11 ай бұрын
Then it goes down but overall performance you should see 10% at least in annual performance so just keep it in there for 5+ years you should be good.
@jacobg8640
10 ай бұрын
If the index fund goes down, then you lose money. The good news is most popular index funds have historically always earned money over the long term. Not a guarantee they won't in the future though, but those are better odds than a savings account with inflation.
@erseshe
9 ай бұрын
Well, you're betting that the US doesn't collapse basically. As long as it doesn't the markets should be fine, and you should be good for the future. And if it does collapse, I don't think cash reserves would be much better
@bloxer9563
9 ай бұрын
@@erseshe💀
@heavenlystash349
3 ай бұрын
OMG thank you sooooo much for this information. I just started my Roth IRA today with automatic deductions from my savings. I’ve been thinking about VTI or V00 as a separate investment. Thanks again.
@hkoepfle
6 ай бұрын
I had NO idea. Thank you! I’m going to my computer to fix mine.
@valentinaarrelaro
5 ай бұрын
I'm left struck with thousands of dollars disappearing from my 401k due to soaring inflation. Where can I safeguard and grow $500k cash for the next 2 years with minimal risk? my goal is to retire early and afford my lifestyle after retirement.
@M.Morgan
5 ай бұрын
, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such executions are usually carried out by investment experts or advisors with experience since the 08' crash
@heatherholdings
5 ай бұрын
@@M.Morgan Agreed, I've always delegated my excesses to a professional, ever since suffering major portfolio steep-down amid rona-outbreak in late 2019. As of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments, and only work 7.5 hours a week.
@Castro-worldbravest
5 ай бұрын
@@heatherholdings How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@heatherholdings
5 ай бұрын
@Castro-worldbravest > I really don't like making such recommendations, because everybody's situation is unique but I have been working with “Theresa Leigh Detrick” for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her. I endorse her.
@canbank3662
4 ай бұрын
Buy a gold ira
@themoneydownloader1247
11 ай бұрын
I forgot I even set mine up and didn’t know much about a Roth IRA so I didn’t know I had to allocate it. Had it for about 2 years until I realized I really needed the money (thank god for seeing my companies letter in the mail). I’ll take the 10% percent penalty. But now I have a way better understanding of the account and will invest wisely 😊 Just opened up another one with Fidelity 👍 which will be my primary going forward
@Mo-nd8lp
10 ай бұрын
Can u tell me more about the 10%tax penalty? I recently took my money out but i had no idea i needed to pay 10% of it to tax
@ellisonriley4414
9 ай бұрын
@@Mo-nd8lpYou shouldn't need to if you only take out what you put in (the principal). Because you already paid the taxes when you put the money in.
@anthonyray5515
Жыл бұрын
A great way to improve your financial savvy, listen to audio books. Rich Dad Poor Dad. How the stock market works. And all the other no 1 best sellers.
@jbw8471
6 ай бұрын
VTSAX ,VFIAX and Target 2050 is what i have in my Roth
@akin242002
Жыл бұрын
Some inconsistent choices to invest into. - VOO (S&P 500 from Vanguard) - FNILX (Large cap from Fidelity) - SWTSX (Total USA from Schwab) You could just tell a cluueless friend VTI, SCHB, or ITOT.
@Justine-ut8ho
11 ай бұрын
I’ve put into a global index fund and I’m literally not going to look at it until it’s time to take money out. I can’t stress about market fluctuation.
@vani846
Жыл бұрын
just turned 30 and will take this as a friendly reminder that my sexy thirties also means glaming up my finnancial life.❤😊
@JayJayGrady4U
6 ай бұрын
And here I was thinking that the money magically grew by itself.....thanks for the info
@chrisxgarcia
3 ай бұрын
NO WAYY 😂😂 i wishhh free money like that? Ezzz
@roseroland1998
9 ай бұрын
As an investing enthusiast, I often wonder how top level investors are able to become millionaires off investing. . I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?
@ConradGosling
9 ай бұрын
@@AlexanderWebber How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@ConradGosling
9 ай бұрын
@@AlexanderWebber I just checked her out and I have sent her an email. I hope she gets back to me soon.
@heidikamrath1951
6 ай бұрын
SCAM ALERT
@azieltobias
4 ай бұрын
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
@lilyhershey1
4 ай бұрын
It's a good idea to seek advice at the moment, unless you're an expert yourself. As someone who runs a service business and sells products on eBay, I can tell you that the economy is struggling and many people are struggling financially.
@sloanmarriott5
4 ай бұрын
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
@Gallo-firestone
4 ай бұрын
*@shirleygarland4766* That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
@sloanmarriott5
4 ай бұрын
The decision on when to pick an Adviser is a very personal one. I take guidance from “Gertrude Margaret Quinto” to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
@Gallo-firestone
4 ай бұрын
Thank you for this Pointer. It was easy to find her handler, She seems very proficient and flexible. I booked a call session with her.
@NigelBaird-vy1lo
4 ай бұрын
As a Portfolio manager, don’t always look for your commissions or money. It is your responsibility to guide your client and help him choose the best investment plan.
@user-qg7sc2ly3g
4 ай бұрын
I'm glad someone got to say this...Most of these managers only interested in their commissions not caring if these investments are convenient for the client.😒😒
@NigelBaird-vy1lo
4 ай бұрын
@@user-qg7sc2ly3gI'm glad you totally get this.
@scantojack09
3 ай бұрын
OMG your video is ssssooooo helpful big thanks!
@sayladytea
Жыл бұрын
An idiot investor did that to me. My money only grew a few centss after a year. Thanks Vivian.
@janecoe9407
Жыл бұрын
WOW
@Flips44
Жыл бұрын
😂😂😂
@TitiLectric
Жыл бұрын
Same here except I was the idiot investor 🥴😩😮💨
@lottidabodi
11 ай бұрын
Thank you for this this is what my financial advisor was trying to explain to me the other day, but I just could not understand it
@vitaluka
4 ай бұрын
Me learning this about my Canadian TFSA a while ago. Luckily I don’t live in Canada and haven’t used it in years because I’d be losing so much money.
@PtownSoccer15
6 ай бұрын
Just moved my investments around some, put more into index while taking some out of stocks
@benalfredo
6 ай бұрын
I’m 60 and want to retire in 6 months. I have a $170K savings plus a 401k depleted to $200K of money that I’m not sure what I can do with at this point. My retirement plans seem to be out the window. Is it a good idea to get professional help?
@_davidturner
6 ай бұрын
With everything going on, , consider financial planning, that is okay. You can get your money to work for you. but I would say delay retirement a little
@benalfredo
6 ай бұрын
I have heard how they can help you make the best decisions and to be honest I don’t want to lose anymore money or I will have to work till I die.
@Javier_Rodri
6 ай бұрын
And what if that is all you have, even with SS you may not have enough to retire with. If you opt to work with a financial adviser, make sure they are certified from AARP or FINRA.
@_davidturner
6 ай бұрын
It's a good idea to look for a fiduciary who has a legal obligation to work in your best interest and can’t recommend products or services just because they’ll receive a financial kickback for doing so. I and my spouse work with a retirement planner, Monica Mary Strigle we met in NY, learnt about Monica from Danielle Dimartino Booth in an interview.
@_davidturner
6 ай бұрын
Under guidance, we split our investments, traditional IRA and the individual brokerage account where she copies her moves on our account from her master. We have been up by 74% precisely in the past year She rebalanced again when the year began, we still hold cash and are cautious with how much we let into the market at this point.
@tehsheik
10 ай бұрын
Please remember to tell people that Roth IRAs contributed to AFTER tax. The tax "advantage" is only if you feel that tax rates will increase over time.
@IsrealJHenry-yx9ww
5 ай бұрын
Hey gurl, you Rock!
@nikkilong7377
3 ай бұрын
I just got your book yesterday and started reading it last night!! I am so excited for this ride!!!
@crazymike1706
8 ай бұрын
Thank you!
@nevermindmine
9 ай бұрын
bruh i was so baffled when i noticed my roth ira wasn’t growing when i opened it at 19 and although i realized a year or two later to actually buy funds, i was only getting dividend stocks. now at 23 i’m just starting to invest into an actual RETIREMENT FUND THAT I NEED A MINIMUM 1k-3k INVESTMENT FOR BYEEE 😭😭 i think i knew to buy a retirement fund but i didn’t have the 1k to buy a vanguard retirement fund and just completed forgot about it. sucks that i could’ve already had a good chunk of growth by now /: i wish financial gurus actually emphasized to BUY THE FUND AFTER CONTRIBUTING TO THE ROTH IRA rather than just fuckin contributing making us think that’s how we start to grow because we can’t take the money out after that and i was totally misled. it’s not like these accounts tell you what to do after opening them either.
@menomisespeanut
8 ай бұрын
I agree with you on that. These fucking wanna be gurus only stop at telling you to get an IRA, max out and wait to retire. Never hear anyone go into depth about investing.
@jbferrer3
Жыл бұрын
I made this mistake for years. I had no clue, I continually kick myself in the arse cause of it. But at least now I'm on track.
@TheFirstRealChewy
Жыл бұрын
At least you were putting money in, hence you were saving.
@tsaunders4684
Жыл бұрын
What brokerage are company are you using to Invest your ROTH IRA dollars? I'm in this exact boat and need to get my funds Invested vs just earning less than 20 a month in Interest. Any Recommendarion would be appreciated.
@stilliraise9201
Жыл бұрын
Still confused. So it means you take your money out of Roth IRA to invested. ?
@tsaunders4684
Жыл бұрын
@@stilliraise9201 No, if you withdraw it you will be hit with a tax bill since your not at the age of retirement. A Booker investment company would have to Invest the funds vs it just sitting in the account earning a few dollars in Interest per month.
@jbferrer3
Жыл бұрын
@@stilliraise9201 Roth IRA is the vehicle. It gains I think about .01% interest if your money is uninvested. Within the IRA you can invest that money. I would just have the brokerage company you have your IRA with invest the money in your IRA until you learn how to invest on your own. Or call the brokerage company and they'll give you info on how to invest. You can also watch countless KZitem videos on how to invest that money. It's how I learned what to do.
@caroleappling2007
3 ай бұрын
I had a coworker, who put 25% in to his 401k every week, it was sitting in his money market account. He mention to me he was doing this to me. I said, what the h* ll are you doing?You have to picks funds to put it in. You will be surprised how many people do this, he was doing it for years!,
@lailacraig1545
Жыл бұрын
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying t0 grow my portfolio of $160K for sometime now, my major challenge is not knowing the best entry and exit strategies, I would greatly appreciate any suggestions.
@YusufEymen248
Жыл бұрын
The market is volatile at this time, hence I will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@gabrielaevita6058
Жыл бұрын
Very true , I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
@gabrielaevita6058
Жыл бұрын
@@lailacraig1545Having a coach is key to portfolio diversification, My advisor is "Patricia Grace Ellis" You can easily look her up on the internet, she has years of financial market experience.
@RandolfSpieker
Жыл бұрын
@@gabrielaevita6058 I just looked up Patricia Grace Ellis online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.. Thank you.
@stealthis
11 ай бұрын
Whole Interaction reads scam
@twocents7509
Ай бұрын
My only question is, why is the Roth IRA account necessary? Why not just invest money that’s in a savings account into the same thing?
@aidapanosyan7949
Жыл бұрын
How do I set up a Roth IRA account.
@Sunfl0wer25
11 күн бұрын
I contribute into my Roth IRA, it pulls from my account automatically....how does someone invest into it?
@oman4229
9 ай бұрын
I never knew this!!!! Thank you so much
@dianes5762
4 ай бұрын
I love Vivian and I hope younger people will heed her. I'm older, sick and unable to any of this now. Don't let that happen to you with such a wonderful resource at your hands. 💕💖💕
@MissBambamouch
Жыл бұрын
Please explain how to independently set on up.
@johngill2853
Жыл бұрын
Just call Vanguard or Fidelity. Then read the book "Investing for Dummies"
@en2p187
Жыл бұрын
Or bogleheads guide to investing
@ChiChiBby
Ай бұрын
I did not know this and I’m ashamed to say how old I am. I know now. 😊
@stephenkapler2299
10 ай бұрын
please do not invest in a target date fund. they are terrible
@prinsceillacoulter9140
2 ай бұрын
Do I call fidelity to do this? I pt 250 to300 a month in company it's I didn't know I cud invest it in stocks & mutual funds
@lovebug6388
2 ай бұрын
Neither did I
@geminiots2121
9 ай бұрын
I've maxed out my contributions for my 401k and my HSA. I recently opened a Roth IRA with a small amount to start. I plan to fund it with the full amount. My question to you is, do I need to have the full amount in the account first or can I start with a small amount then contribute more as I go?
@DoubleEdgeCat
Жыл бұрын
i do it through my work and I'm not sure if they're investing for me or what
@magma7935
4 ай бұрын
Does this actually happen? People put money into the account without investing?
@gabbym4118
6 ай бұрын
More like Vivian is a bad ass and she’s teaching me what they didn’t in school!!!
@ahhthenohh
26 күн бұрын
But can i loose my money by investing vs just leaving it in a cd account?
@leeannswaid
5 ай бұрын
Thank you for sharing your knowledge
@hotgarbage926
3 ай бұрын
For the beginners that don't know how to start roth IRA. Just create a robinhood account, open a roth IRA, fund account (get 3% match for every dollar). Set up a recurring investment plan. Let them auto withdraw, and auto invest for you. You still have time to max out year of 2023 ($6.5k) and 2024($7k) until April.
@MsDittoDex
6 ай бұрын
The real question is how do you go about investing it
@Paola-zy6be
Жыл бұрын
I use Acorns Later Roth IRA. Does it automatically invest my contributions or no?
@serenaclairetalks
Жыл бұрын
Yes, it does.
@KevinSamuelsKid
2 ай бұрын
How tf is this not blatantly obvious? I’m confused?
@Alistando3712
Жыл бұрын
You lost me on part 4. That’s too much risk for me personally. My dumb ass would forget to make the payment or I’d spend more than I can actually pay back. No, step 4 is too much responsibility for me.
@kevaleva
Жыл бұрын
What is step 4?
@poopfarts6466
Жыл бұрын
Seems like someone is impersonating rich bff account @yourrichBFf
@AnthonySwiff824
Жыл бұрын
Dope
@michaeltaylor3917
Жыл бұрын
Thank you for educating me on the Roth IRA however what do you know about the Roth 401k
@highlyconsintrated
9 ай бұрын
You just answered every broke mindstate question i had can i start with 200 and just work with that or is there a minimum
@highlyconsintrated
9 ай бұрын
Do the roth i put money in offer investment options or do i have to find my own
@katana4919
Жыл бұрын
Coughs in Ramit Sethi
@Scole23786
6 ай бұрын
I didn’t know this! Thank you!!
@m.araneta8054
8 ай бұрын
Hi bestie. Can you discuss about REITs. A cousin of mine keeps pushing me to invest on those.He now sounds like a pushy MLM guru. Haha, sorry....
@frankievargas4834
9 ай бұрын
How do I even do this do I like talk to a bank or something
@monsegonzalez33999
9 ай бұрын
Wait so can you add in money in a monthly basis to a ROTH IRA account and invest let’s say in the same types of index funds everytime? So you reinvest in the same index fund multiple times? I’m still very confused about how this all works 😭
@jeffenriquez9929
4 ай бұрын
Yes, first you deposit money into the account. Then you choose which funds you’d like to buy. Some accounts let you automate this process. Most people have other people manage it for them, whether that’s through work or a financial advisor.
@tyresebrown310
4 ай бұрын
This is the same rando women that told us to put your money in roth ira
@singh853_5
Жыл бұрын
Thanks I would’ve made this mistake!
@cruz47144
3 ай бұрын
Buy 10 of TQQQ 1 year stock options long position you'll be on your way to 1/2 million by years end
@joy2come119
3 ай бұрын
Whats so special about it..has alot of the same companies as the s&p
@CucoNava
3 ай бұрын
Thanks BFF!
@lovehigher7552
Жыл бұрын
Yes Vivian i love these shorts! ❤❤❤💗💚 thank you my rich BFF!
@wallacewondersfungames6732
6 ай бұрын
Hi! I have a 401k do you suggest a ROTH also??
@heidikamrath1951
6 ай бұрын
I have both. I don’t contribute to both in the same year. Your accountant and/or tax advisor can make sure you contribute optimally for your situation. You don’t want to over-contribute and end up having to take the money back out and pay a penalty/taxes.
@TamagoHead
Жыл бұрын
Great info! Saving & investing is foundational. I wouldn’t even waste money on faux luxury, but it is a good treat.
@kendrickf-d6695
4 ай бұрын
This is an other forex trap😂
@docej3025
Жыл бұрын
I WAS TODAY YEARS OLD WHEN I FOUND THIS OUT! 🤦🏾♀️
@milenavilca7142
Жыл бұрын
I m confused. Im kind of new in the country trying to set up my retirement plan so I thought opening and having an Ira means the institution where I opened up it is going to invest automatically :( and this video said is not like that :(
@serenaclairetalks
Жыл бұрын
Not always. Where did you open yours?
@slf5141
8 ай бұрын
Ive lost money in mine ughhhh
@Ab97121
4 ай бұрын
So it doesn’t automatically invest it for you? That wack
@hippiegypsygirl
Жыл бұрын
What!! I didn’t know you had to invest it. Good thing I saw this before I got one
@usernamenotfound101
Жыл бұрын
I've been looking for this. Thank you, RichBFF.
@christinajones93
Жыл бұрын
I have questions I lost everything two years ago and I am just getting back on my feet I need more information
@kevaleva
Жыл бұрын
What is your question?
@lordmind
Жыл бұрын
@@kevaleva "how to get a refund"
@serenaclairetalks
Жыл бұрын
What do you mean when you say you “lost everything?”
@christinajones93
Жыл бұрын
@@kevaleva I am trying to rebuild my retirement and invest aggressively for me to be able to retire what would you recommend for someone having to start over
@kevaleva
Жыл бұрын
@@christinajones93 first of all, how did you lose everything?
@mtjoleolkaelle
4 ай бұрын
The sad part is that the banks will never tell about these extra steps to make…. I’m a victim of that and now let me go fix it… thanks
@cynthiaspencer9994
Жыл бұрын
keepem coming! Learning alot!! also can you cover credit cleanup?
@nanceelala
7 ай бұрын
Im so lost and new to investing! Where do I start? I every time I watch a video about it I get overwhelmed with all the words they use and I have no idea what they mean. I have money in a Roth IRA but it’s just sitting there. Is she saying to use that money in there and invest it???
@joy2come119
3 ай бұрын
Exactly, I was just like you up until covid hit and I had nothing but time on my hands to learn.. the money that you have been contributing to your Roth is sitting in a core account within the Roth you have to actually go in and select trade to purchase stocks, index funds bonds etc. You can also do automated investments into a certain fund, stock etc.. easy to set up recurring investments. I've learned the best investment to start out with is the s&p 500 or a target date fund and do dollar cost averaging(same amount every week,bi week, or monthly).
@KelseyIsARose
Жыл бұрын
My job offers a balanced fund and a target date fund, they both look good to me as far as ratings go. I'm 27 now and would like to to retire around 2054/2055, should I go with the target date fund? It's so confusing to me lol
@johngill2853
Жыл бұрын
Not enough information for good answer Either one is a good starting point. Try reading the book "Investing for Dummies"
@yia01
Жыл бұрын
target fund usually consist of a index fund that track teh US market, a index funds that track the international market, a index fund for bonds and a litle bit of cash in a money market. it caker to some1 who planned to reitre on teh target date. i guess the fund is rotate out into safer asset as teh target date approach. it safe, not too agressive but not to caution either. decent growth.
@FoodieQueenBee
11 ай бұрын
If you are young, I suggest choose sp500 index fund be more aggressive
@scottmasih9175
3 ай бұрын
If you get a robot advisor it will trade for you. Exp vanguard
@tinariley-humphrey6505
Жыл бұрын
Does 529 plans work the same way? Does it need to be invested?
@robins3206
Жыл бұрын
What's a 529 plan?
@carolinecollins2441
11 ай бұрын
Yes
@newsomsr2000
2 ай бұрын
You say investment times which you don't say what's wants to invest in A lot of people lose money. Remember two thousand a week 2008
@xxkarlosxxxxxx7233
Жыл бұрын
Ok but for us who never heard of Roth IRA and doesn't even know what any of these abbreviations mean... I would love to know more in depth info about this... u can read online but I'm sure its confusing and better if she explains it... after all she went to school for business I'm guessing
@crazy4beatles
Жыл бұрын
IRA stands for Individual Retirement Account. It's just a type of account used to save money for retirement. What she's referring to here is that there's two steps. First you put the money into an IRA and then you use that money to buy investments like stocks, ETFs, bonds etc. There's another video were she explains target retirement funds which is the best way to just get started. And then you can do more research and as you learn more how it works, in subsequent years invest in specific stocks etc.
@evestar100
Жыл бұрын
Dave Ramsey teaches about Roth IRA‘s. Many books on the subject.
@In_the_Paddy_Proo
4 ай бұрын
Which cryptos can you put your ROTH money into? Hex, Pulsechain? Eth? Chainlink? Doge?
@LKMNOP
Жыл бұрын
The only thing you have to worry about with investing is never invest more than you can afford to lose. Investments are gambling just the same as a horse race. There is absolutely no safe investments and no guarantee that they will earn you money or lose you money. This is a concept people don't understand.
@aivela7e
Жыл бұрын
Question, Does this mean you can have a negative balance & then "owe" since your account is now at a déficit?
@The-realnews
Жыл бұрын
😅😅 This is hilarious
@tonyawood2911
10 ай бұрын
Everyone pushing investing these days.
@mandymckk
Ай бұрын
I just learned this the other day 😭 it was just sitting there lmao
@Jordan-yd2um
Жыл бұрын
Can you please do a video on the Wealthfront Roth IRA?
@boy_named_niel
11 ай бұрын
The one I use!
@RG-wy1ol
Жыл бұрын
I add 6k a year and the fidelity dose the investment for me for a small fee but what about the $ just sitting there is that the large amount I investment myself???🤔👉🏽HELP
@Ricebow11
2 жыл бұрын
Still confused, can you please go over the invest vs contribution? So if I open a roth irs and add money to it for "retirement " is that the contribution part? I never knew about the invest after you add money to an ira, still all new to this. I'm 35 and would like to start . Does same rule still apply, being that you can only put up to $6000 in a year cycle for ira?
@2paranoid2think
Жыл бұрын
Find out if the company you used uses robots to automatically buy stocks for you. You usually have to pay a small fee for this. If not, then you have to manually go in and purchase each stock from the $6000 you put in. It will probably say "buying power" somewhere with a number. That's the amount you need to spend from your account in order to invest. So if you transferred $6,000, you have $6,000 buying power. Now you have to select where you want that money to go. If you don't, it will just sit there.
@Aspire2tone
Жыл бұрын
yes everything you need to know is on KZitem somewhere just search it up
@redninja4132
Жыл бұрын
Can someone help? Do I make the account, and then just put the money from the account into some stocks using a trading app, or is there some special way of investing with that, and if I sell stocks do I also put it back into the Roth ira?
@eliontheinternet3298
Жыл бұрын
I think it depends on your company. I would call your institution, like Vanguard or Fidelity or whoever you're using.
@idaalmonte253
Жыл бұрын
You can open a trading account with TD Ameritrade/Charles Schwab or Fidelity and within the platform you can open an IRA deposit money into it and from there trade on those ETF’s she mentioned.
@omgfreddy698
Жыл бұрын
@@idaalmonte253 so whats the difference between investing in the market thru a roth ira vs the market thru robinhood?
@idaalmonte253
Жыл бұрын
@@omgfreddy698 To start taxes wise you don’t pay 30% on stocks you sell as you will if you trade direct on a personal account platform than if you within that platform trade from your IRA.
@crazy4beatles
Жыл бұрын
@@omgfreddy698 The main difference is tht Roth IRA is for retirement. So there's rules on how much you can contribute, when you can take money out but the growth/profit is tax free. If you have a regular brokerage account that's not a ROTH IRA, you can buy and sell whenever, but you pay taxes on the profit you make from selling those stocks. IRA = individual retirement account. Think of the accounts as different wallets your money is going into, but then from there you use the money to invest however. Because it's all money. It's just that depending on what wallet that money came from, it determines what you can do with it and what taxes are charged etc
@nhanha7433
Жыл бұрын
Crook investors debate and discussion and interviewing each other
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