I am 53 years old and consider myself to be a high earner. My job provides me the option to contribute the employer contributions to my Roth 401k. Should I do that or should I continue to direct that to my Traditional 401k ahead of retirement?
@ralfbrown-kl1gp
6 ай бұрын
You're doing well for yourself but it is better to seek help from a professional. I am sure that an expert with experience provides more edge than a KZitemr.
@marcellasilva4015
6 ай бұрын
As a high income earner can you easily afford to contribute max of $22,500 to your traditional 401(k) and towards retirement? What is your Federal Tax Bracket and percentage of company match? I f you don't know all this then its best you consult with an advisor.
@mikeescott
6 ай бұрын
@@marcellasilva4015 Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
@lnvestngwithrose29
6 ай бұрын
@@marcellasilva4015 Mind if I ask you to recommend this particular coach you using their service?
@noahzimmerman-yg6qt
6 ай бұрын
Mind if I ask you to recommend this particular coach you using their service?
@wholesomenesstv
4 жыл бұрын
You are amazing, Mark. I'm a CPA and I've read your books. Simply amazing. I'm happy you continue to share your wealth of knowledge through other avenues like these. Thank you for the work you are doing.
@ralpharomeo7420
5 жыл бұрын
Man this guy is a saint. Your effort and time is greatly appreciated sir.
@MarkJKohler
5 жыл бұрын
Your comment made my day. Thank you :)
@joelwaldman4854
4 жыл бұрын
Yes@@MarkJKohler, really appreciate your wisdom. Sorry you had to tackle those negative comments. 12% in the market is absolutely realistic. See FSCSX mutual fund, 22% annual returns over the last 10 years. Keep encouraging people to save, brother!
@dr7b622
4 жыл бұрын
0a j hq nh
@yanutube1
3 жыл бұрын
How can you contribute $20K in the Roth IRA while you are only allowed up to $7000? I was waiting for you to answer this question but didn’t hear it?
@bassplayerpapabear
3 жыл бұрын
@@yanutube1 there is another Roth video where he answers it - I think it is through back door contributions. I believe it is a 2 step process - put money in your 401k and then convert to Roth. You take the tax penalty but it works. I'll try to find the link
@rdkisner
3 жыл бұрын
For the 2020 & 2021 tax years, the combined annual contribution limit for Roth and traditional IRAs is $6,000 ($7,000 if you're age 50 or older). So how do you put in $19,800 if you 50. Investing minds want to know.
@CharmCityMediaMD
2 жыл бұрын
You can't. That is the biggest issue I had with his videos. Don't wait until age 50 to start investing. Lol
@josephsaeteurn9158
2 жыл бұрын
@@CharmCityMediaMD take his videos with a grain of salt... its not accurate..
@trueno1337
2 жыл бұрын
Some plans allow you to contribute after tax dollars and do a Roth in plan conversion to your Roth. As high as 30-40k depending on your contributions to other retirement accounts.
@brennamoorhead30
2 жыл бұрын
Mega backdoor Roth conversion
@alyxxa6182
6 ай бұрын
Roth 401k accounts, you can put in $23,000 per year as an employee. Then you can match it as your own employer if you are self employed OR get a company match if you work for someone else. There ARE WAYS.
@jesham7627
3 жыл бұрын
Self-Directing methods caught my attention. Thanks Mark!
@jamesw1164
4 жыл бұрын
Love this video and the previous one! The point is start early to save more, power of compound growth... Mark keep up the good work!
@MarkJKohler
4 жыл бұрын
Thanks James! So glad you took something away! Be sure to subscribe and share so you can help others!
@thinkingngrowing1324
4 жыл бұрын
Mark, thanks for the videos. I am a student of investing. I started in 1991 and haven't looked back. I, too, have found vehicles that ride above 10-12%. And, yes, that don't stay there, but I enjoy the ride while they are there. I just created a spreadsheet and provided it to my nieces and nephews (and my kids) about how to forecast what their accounts will look like in the future if they stay consistent. In closing - the key is to program your mind to see your future. The money starts looking good at the 20 year mark and every year there after it gets really good. To all the readers that don't understand investing, look up the Rule of 72 and Mark's videos will make more sense (assuming they don't right now). Thanks, Mark and keep up the great work.
@bretmaki2110
4 жыл бұрын
Cool. You're doing really great. Keep it on. I'm a dedicated investor too. No just stocks though. I have my funds spread among a number of securities and carefully diversified by my portfolio manager. I often hit up to 20% return monthly. She's just a genius in wealth management.
@claudeenonthego
4 жыл бұрын
Can you do a more detailed video in self directing and setting up an LLC? This is a concept that’s new to me.
@11nica5
3 жыл бұрын
Sounds costly, and LLC in some states (like CA) you have a yearly tax of $800
@MarkJKohler
3 жыл бұрын
Hey Claudeen, my law partner and I started a podcast specifically about self-directing. We have more than 20 episodes that are an hour-long, where we talk about self-directing. We cover topics like IRA/LLCs. If you are interested in self-directing your retirement, I would HIGHLY recommend listening, you can find them here: directedira.com/podcast/
@puffyelvis5895
4 жыл бұрын
This is blowing my mind. 15-20% gross margin for a business isn’t great. But 15-20% average for the market is in the realm of dreams.
@geraldlofton
5 жыл бұрын
Good Job....you can try but u can NEVER make people understand what it is that is Good for them because...most are Naysayers....half glass people...LISTEN we need them..because everyone can’t be in top 10% of Wealth in this Country...keep delivering Good Content!!
@MarkJKohler
5 жыл бұрын
Thanks so much!! I appreciate that. I was really surprised by the response of people to my video. So upset about investing outside of the Wall Street machine.
@chuckincharlo
5 жыл бұрын
I'll take the glass half empty approach.. these "acorns" with Starbucks that round up to the next dollar...your paying 3 bucks for a latte which has a 300% markup...
@PedalToTheMetal61888
4 жыл бұрын
...must be talking about my ...5...hardheaded''...''Daughters'''...they just wanna take...selfi''s-...and HAIR-WEAVES'''...silly...rabbitts'''''ha...ha...ha...!?
@DrBenz63
4 жыл бұрын
Man with cash is king 😉
@747-pilot
3 жыл бұрын
@@chuckincharlo EXACTLY!! The financial _ILLITERACY_ in this country (and in the west in general - countries like Canada are much worse), is *_astounding._* If you need an app to help you do BASIC math and save, then I don't even know if you deserve to exist (rollseyes).
@JustinFromMD
5 жыл бұрын
Similar concept to acorns i use my fidelity credit card for the 2% cash back that i then transfer to my Roth. Far more valuable than airline points.
@PedalToTheMetal61888
4 жыл бұрын
...and that''s a ...'' FACT''....need to PUT That ...towards my GROCERY''...Bill''...!!!
@keninatlanta8452
4 жыл бұрын
Couldn't agree more. I have the same Fidelity 2% cash back credit card and it beats the heck out of a crappy old Acorn Debit Card.
@vinimetal
4 жыл бұрын
I like this guy answering those comments
@bahb00
5 жыл бұрын
Can you redo this video with available cash scenarios i.e. Starting with $50k/100k/250k or 500k on hand?
@MarkJKohler
5 жыл бұрын
I'll do it. I've just got to think of a good title rather than "Part III". :) It's like Rambo...each version got worse, not better. ;)
@bahb00
5 жыл бұрын
@@MarkJKohler Thankyou so much! 🥰 My parents have passed and suddenly my net worth has increased and my previous plan to the millionaires club needs revision. I know I'm not alone on this.
@MarkJKohler
5 жыл бұрын
@@bahb00 Well, we're here for you if you want to discuss some tax/legal strategies and options. Maybe just pay for a 1/2 hour with one of my tax lawyers to get a 2nd opinion. Thanks so much for considering this. Please call Rosalie at 435-586-9366 to schedule something.
@robertpowell7172
5 жыл бұрын
@@bahb00 I believe you get the best of what you want when you meet the right people. Just make wise decisions. And you'll have reasons to be happier. I have a portfolio manager who works at a brokerage and I make a decent ROI of 7%-10% monthly. I can link you up if you'd wish.
@anayoung4112
5 жыл бұрын
@@MarkJKohler [
@rankinprojects599
2 жыл бұрын
Great info. There is just so much as a newbie it’s overwhelming to grasp all the concepts.
@RockyTopSplash
4 жыл бұрын
@14:50 the realness really shines through.. I can see there is no BS.. Thanks for the tips.. Roth IRA here I come!
@MarkJKohler
4 жыл бұрын
I am trying to help you guys save money and build for the future.
@mikemeyer6852
5 жыл бұрын
Great part 2 Mark keep up the good work!
@MarkJKohler
5 жыл бұрын
Thanks so much Mike! Really appreciate it!
@cjgood
3 жыл бұрын
This is literally what I've been wondering about. The LLC owned by various IRAs is similar to what a hedge fund does - it's just private money investing with a manager for a fee. In this case, you are just having the IRA buy in. Interesting. I might be simplifying the whole thing too much!
@blinkingred
4 жыл бұрын
Currently loving Acorns, Lets just hope they last as a company.
@PilotsCorner
4 жыл бұрын
I love your videos and they totally out bid the ones about getting rich quick. That's just not realistic. I appreciate you taking the time to make these videos!
@MarkJKohler
4 жыл бұрын
Yes, any scheme that looks too good to be true, is. Thank you for the support, it means a lot!
@RockHudrock
4 жыл бұрын
Once you’ve maxed out your Roth, then pour $$$ into your pre-tax IRA. (traditional IRA, 451, 401k whatever you have access to)! NOTE: you don’t want EVERYTHING in a Roth anyway. It’s all about tax planning. SOME of your investments can be pretax now (to lower your current tax bracket); but then it will be taxable when you draw it in 30 years. That’s ok though, because you’ll be in a lower tax bracket then - and remember! your Roth investments are tax free. In sum, you want a MIX of pre- and post-tax IRAs so that you’re maxing our your tax benefits and investment growth both now and when you retire.
@sagarpokharel70
4 жыл бұрын
You sir are a genius. Appreciate the hard work you’re doing.
@maxlewis2011
5 жыл бұрын
Thank you for giving!!!!! (You are doing the service for all of us)
@MarkJKohler
5 жыл бұрын
You're very welcome! Thanks for watching the video!
@pranav707007
5 ай бұрын
@Mark - few questions on your 10% ROR(Rate of Return): 1) is it Real rate of return ? 2) 10% is it pre or post inflation adjusted assuming 5% is inflation? 3) what about the protection from market down turn? During the growing years say you are in 40s or 50s, the market take a dip 30-40%, then you don’t significant years to recover or your annual real rate of return should be compensated with high % for the loss. Above example is best case scenario. But we know market can’t be best case. 4) is Roth 401k same as Roth IRA(Self Directed IRA)?
@askgates
5 жыл бұрын
I am in my 30's and have stash, acorns, Robinhood, crypto, custodian account and a Roth IRA. I never knew that this was possible... great part 1 and part 2. You gained a sub and I am checking on the website! Appreciate the video. Keep the content coming.
@MarkJKohler
5 жыл бұрын
Wow keep it up Gates! It IS possible! Thank you for subscribing. If you ever need any tax or legal support, I would love to be of service. Just call 435-586-9366 ext 2024
@askgates
5 жыл бұрын
@@MarkJKohler thanks for the reply and the great content. I will definitely be in touch if I have any questions. Keep the videos coming, I have learned a lot over the last couple of days watching your videos 👍
@peterlynch3252
2 жыл бұрын
Get a job with the US Government and you can put 20,500 into a Roth TSP. PLUS, the 20,500 will be non-taxable. So, If you earned 40,500, the taxable amount would be 20,000. You will be in the 12% tax bracket.
@Dr.A.Rosenberg
4 жыл бұрын
Most people haven't a clue on how to manage their finances when they're working let alone when they're retired !
@MarkJKohler
4 жыл бұрын
Why do you make this assumption about "most people"?
@Pola509
4 жыл бұрын
@@MarkJKohler It's the truth. Literally "most" people don't. At the end of your video..."knowledge is power"...great information, wish I would have done this when I was 20 instead of 30 :). Never too late to start though!
@brianfeeney1061
3 жыл бұрын
Hey mark, I know it’s 2 years since you made this video but I had to comment. I am that guy I’m 50 with next to nothing. I am fortunate though in that I have a job and a 401k . I made a lifetime full of mistakes but I’m gonna do it I’m determined to have something by 65. I’ve been sharing your videos with my 19 year old daughter and my 22 year old nephew. Thanks for the information my friend
@STOPTRUMPPROJECT2025
2 жыл бұрын
I love your energy!
@jess2111
5 жыл бұрын
Thank you 😊 im 21 yrs old and this is good for me but im from Philippines.
@Babystan02
4 жыл бұрын
Kesha Gwen Mobile Bangbang snap ?
@reniehandler2595
4 жыл бұрын
Nice to see that you adjusted the week, month, year.....just easier to follow for the novice
@MarkJKohler
4 жыл бұрын
Thank you for watching!
@IcerDawn
5 жыл бұрын
Can you make a video about real estate scenarios? Can a Roth form an LLC that pays down pmt, closing costs and repair costs for a flip then the proceeds from the sell can go into the Roth? Does the property have to be completely paid for from LLC? Does property have to be titled in LLC name?
@MarkJKohler
5 жыл бұрын
Yes...Your Roth can do all of this. Now, I've got a short KZitem video on this....kzitem.info/news/bejne/sqWMuZqVfKqarIY AND I also have more lengthy videos on my website for just a couple hundred bucks (Tax and Legal Library, lifetime membership, been doing it 9 years and 40+ hours of content) you would love it. www.markjkohler. ALSO, my partner's book is the best selling book on this www.sdirahandbook.com. But finally, IF you decide to self-direct and do an LLC, you need to use a law firm. Legalzoom docs are not allowed by custodians or trust companies. We charge as low as $800, which INCLUDES a lawyer supported consultation throughout the process. Check out our law firm if you need help at www.kkoslawyers.com. Thanks!
@dalerekus
5 жыл бұрын
Jeez, spend a few bucks and talk to a CPA . . . L O L
@MetalBum
5 жыл бұрын
Mark J Kohler I need to talk to someone about this I do flips and have investors. If the investors use self directed Ira they can do tax free And can I do it too if I flip in a Roth 401k?
@Nikonmansocal
3 жыл бұрын
Good content only issue is that the IRS severely limits IRA contributions by income so really the only option are Etfs, munies, etc.
@benz500r
3 жыл бұрын
Mark is absolutely right. I'm also an attorney and I know he does great work explaining those concepts.
@ivanthemisunderstood6940
4 жыл бұрын
This is incredible! I already have a Roth, will form an LLC a.s.a.p. and plan to invest in racehorses like you suggested! When that starts paying off, I plan to diversify into: lottery tickets, Fentanyl and arms sales to the Middle East! I'll probably be at $1M by Christmas...I'm so excited!
@bretmaki2110
4 жыл бұрын
Diversification pays off really well if done very meticulously. I prefer a more aggressive approach to the financial marke. Currently I have a managed portfolio with some huge 6 figures under the care on my financial adviser. Naomi Marie Dopson by name. She's a renowned and popular broker here in the US. My portfolio yeilds over 20% return monthly. I hope you're kicking as well!
@MikeStar21
4 жыл бұрын
If you're not investing at least $10,000+ or more into this directedira.com thing, then I don't see why it would be worth it. An index fund cost ratio is anywhere between free to 0.04 and mimics the market and sometimes out perform a mutual fund. You're the first person to ever mention this in all the videos I've watched and I'm hesitant
@MarkJKohler
4 жыл бұрын
Your best bet is to watch some more of my videos, go to markjkohler.com/blog/ and find an article I have written, and/or give my assistant Rosalie a call at 435-586-9366 ext 2024 and have her point you in the right direction.
@joycenewberry4113
3 жыл бұрын
Thank you for sharing your time, effort and knowledge about this topic. This is gold!
@gunsntokens
2 жыл бұрын
Mark I love your information and have watched everything you put on KZitem. As a smart Millennial who studied demographics and consumer economics at UGA I learned back in 2004 that I will never see a dollar of social security benefits and I am willing to bet that they will end up taxing my Roth earnings in 23 years. Biden is now trying to put a cap on our Roth of 5 million which will be worthless by the time I retire. So what should we Millennials do for retirement after funding social security for my entire life only to get nothing in return? People need to wake the F*** up and fight this new tax bill. This is all happening because they screwed up social security system and now want us to bail them out. I'm probably getting out of this country because it's turning into a government ran country that cares nothing about its hard working middle income tax payers. They should put the entire tax system on the blockchain to show us where our tax money is being spent.
@tll5293
4 жыл бұрын
Thank you so much for these videos, watched also the first one. Yes, would also loved to see the third coming. I didn't understand though what you mean by "build a LLC *in* the self-directed Roth IRA". Do you mean build a LLC and link it to the self-directed Roth IRA? I'm afraid I didn't understand the concept, or rather the setup - meaning, which to set up first and to link it together.
@Cris-pj6xk
4 жыл бұрын
Mark knows whats he's talking about, such a big eye opener can't wait to start saving !!!!!
@MarkJKohler
4 жыл бұрын
Good luck Cris! Thanks for your support!
@relaxationsoundsambience2724
2 жыл бұрын
This right here has helped me 100%. Thank you, and you got a sub.
@wavezofhope
5 жыл бұрын
You just got a new sub today, thank you for these videos!
@MarkJKohler
5 жыл бұрын
Thank you!!
@PedalToTheMetal61888
4 жыл бұрын
@@MarkJKohler ...MAY i also ...claim you ON My ...Taxes'''...WELL i said ...May...i...!?
@mrdave3670
4 жыл бұрын
Thanks mark I’ve been researching this Roth IRA stuff I’m the freaking out guy your speaking of I’ll be 51 in a month no 401K no savings 4 kids that drained me dry over the years gonna start putting away now but wish I had a long time ago like you said ..
@MarkJKohler
4 жыл бұрын
I am sorry about that mrdave, I hope that you can get started fast so that you can have something there for the future.
@terronparker2929
2 жыл бұрын
Hey start and investing in crypto and or stock to fund it faster but learn how crypto works it can help u fund the Roth faster just have to be patient
@kpath74
5 жыл бұрын
Love this man energy!
@MarkJKohler
5 жыл бұрын
Thanks so much!
@kedmawenzoficial6870
3 жыл бұрын
You did not cover how can you put $20k into a Roth when the limitation is $6000 + $1000 catch up over 50y/o. I am interested in finding that information. Thanks. Great Video
@davidcraig2359
3 жыл бұрын
You won’t because it’s bogus info...I haven’t seen a Roth yet that you can do over $7000 over 50 years of age
@joshuakim703
3 жыл бұрын
I don’t know if this is where he was going with the $2k a month, but some companies allow for Roth contributions in a 401k. Cap is at $19,500 + $6,500 as a catch up contribution gets you to $26,000. It’s unfortunately not available for everyone.
@nelsondiaz4344
5 жыл бұрын
Mark, you're doing great! Keep instructing. I have Roth's, SOLO ROTHs and Golden ROTHs. Awesome stuff. If you think 10% is good, try 2000%. Real estate, businesses, precious metals, real estate paper!
@MarkJKohler
5 жыл бұрын
Thanks so much!!
@smonelh
5 жыл бұрын
just when I think that your last video that I watched was your best, you surprise me with more amazing content! Thank you so much for all that you share! Do you consult in Georgia?
@MarkJKohler
5 жыл бұрын
Thank you so much Sheena!! I don't have an office in Georgia (hopefully I will in the future :) ) but my team and I do work with clients all over the country so I can definitely help you with anything, tax or legal. Give my office a call 435-586-9366 ext 2024 :)
@jayjordan9275
4 жыл бұрын
I’m just now watching, at 35 to learn what to. You seem so genuine on giving out information. It’s definitely not for everyone. 🙏 Thanks
@MarkJKohler
4 жыл бұрын
Thank you so much!! So kind. I truly appreciate you vote of confidence. Please subscribe and share when you feel appropriate.
@aroldovillarreal7442
4 жыл бұрын
What are the benefits of creating an LLC owned by the IRA to invest rather than investing directly from the IRA? Also, if we want to set up that LLC structure, how do we go about contacting you for that?
@adamnaughty
4 жыл бұрын
Thank u I just moved to US n I want my American dream
@WebbyWunda
3 жыл бұрын
Hmmm .... You can set up traditional and ROTH IRAs at Fidelity, TD Ameritrade, or other brokers without having to pay any setup fees and then trade stocks, bonds, etc, within the IRAs for free. Many people even trade simple options within their IRAs for a minimal 'per trade' fee. I could be wrong but - as far as I know - although you can 'roll' or convert part or all of the cash and investment within your existing 401Ks and various other savings vehicles into an IRA, 6000 or 7000 per year is the absolute max contribution limit for NEW money going in, no matter how hard you try to find ways around it.
@rayuia8499
4 жыл бұрын
Thank you for helping me out trying to figure things out man I appreciate you teaching me how to try to invest and save God bless you and many more blessings come your way
@MarkJKohler
4 жыл бұрын
Glad to help! please subscribe and share!!
@BernalAzul
2 жыл бұрын
I wish you explained all the letters you use, like LLL! Also,does directed IRA works for people in Canada?
@theoneyeardegree19
5 жыл бұрын
Hey Mark, 1) Why use the LLC model when you can use a self-directed 401k? I've run into problems trying to use an LLC - particularly an out of state LLC (Nevada, Wyoming, Delaware, [no prizes for guessing why]) and then needing to use the legal system in the jurisdiction you're operating the LLC out of. It gets especially ugly if you need to do a judicial foreclosure or you need to sue someone/defend against a suit on behalf of the LLC. The alternative is paying sometimes-exorbitant corporate filing fees and taxes in your domicile state... in California, that's like $800/year just starting out. And most states aren't going to exempt you from franchise tax just because your LLC is owned by an entity that's federally tax exempt/deferred. 2) I think UBIT can be a big factor in choosing a self-directed 401k over a self-directed IRA. Simply put, the 401k doesn't pay UBIT on debt-financed assets (notably real estate), while the IRA does. You can also do a ROBS with a 401k, where that's much much harder/impossible with an IRA. 3) The biggest upside to the IRA is one that I didn't notice in either video: the right to withdraw when you want, rather than at 70 1/2. Doesn't seem like a big deal initially, but you may have assets that you want to hold on to indefinitely (like a quasi-business) that you don't want to have to piecemeal out at 70. 4) I've had an absolute hell of a time getting non-seller financing for an LLC. With 401ks I haven't run into the same resistance from lenders. Best.
@theoneyeardegree19
5 жыл бұрын
Actually I started digging on your channel and I realized you clearly know what you're talking about beyond the initial talking point. I think even if we disagree on some of the specifics, your videos are an insanely valuable add. :)
@Engloid
5 жыл бұрын
From what I have been told, when money is in a 401k, you are limited to the options they provide, which are usually a handful of mutual funds. You cannot roll money out of that 401k as long as you are with that company. Once you leave, you can roll it into a self directed IRA. I've actually heard of people working it out with their employer to quit the job to roll that money out, then get rehired.
@davidtriplett6979
5 жыл бұрын
Non recourse collateralized debt....aka car collateral loan..or llp credit partnership....llc satellite with ability to take on debt and leverage outside side of IRA actualized equity on partners/family property
@davidtriplett6979
5 жыл бұрын
Non owner occupied real estate is a underwriting no no..... Sharpen corporate credit well to tolerate diverse debt in proper seasoned shelf holding LLC. leverage partners are sometimes needed.
@jeffw.9153
3 жыл бұрын
Enjoyed your videos on $1,000,000 Roth IRA's. I have forward these videos to my 25 year old daughter that is now in the real world and starting to make real money. I agree with your basic message of automatic saving and forgetting about it. Regarding Self Directed Roth IRA's. I did set up such an account about 15 years ago (I'm now 68) and it owns 98% my personal consulting company LLC. The original idea was to funnel profits into the Roth account tax free. However a few years back Washington DC came up with "Unrelated Business Income Tax" idea which will tax any profits over $1,000 from my consulting company. How do I get around this "Unrelated Business Income Tax"? This Unrelated Business Income Tax seems to have defeated my whole purpose of setting up a 'Self Directed Roth IRA" in the first place. Your comments are greatly appreciated!!!
@MarkJKohler
3 жыл бұрын
Hey Jeff, Mat Sorensen and I created the Directed IRA podcast to help people with questions just like this. Here is an episode where we cover all sorts of questions about UBIT: directedira.com/ep-17-when-does-your-ira-have-to-pay-taxes/ I would highly recommend listening to every episode, we cover tons of cool strategies every week to help you self-direct in the best possible way. Hope this helps! If you need any additional help, I would recommend setting up a consult with our firm. You can email my assistant whitney@kkoslawyers.com and she can help you get scheduled!
@smokeyjayshouse
2 жыл бұрын
Transaction fees for trades are total garbage on acorns plus they close at end of day. So buying stock at best price of the day is out the door.
@mr.wilken8482
3 жыл бұрын
CPA giving u smart advice for free can't do better.
@samjordan8800
2 жыл бұрын
Here's how you get even MORE than 12%.... Buy Texas property tax liens or tax deeds. It pays 25% the first year and 50% the 2nd year....if the previous owner pays. If they don't pay the back taxes on their property by the end of the 2nd year, *YOU GET THE PROPERTY* !
@lifesajourney101
2 жыл бұрын
How do I do this if I live outta state? Thanks for sharing any Info!!
@marks1865
2 жыл бұрын
We gotcha Mark..the ones making those comments they probably don't have nothing saved. Im pulling 12%
@j10001
2 жыл бұрын
Can you point us to an article explaining how the self-directed LLC you showed at 13:45 is _not_ considered self dealing? If that’s not, then what _is_ self dealing?
@friedjef3194
4 жыл бұрын
"I can't save any money." No.1 biggest lie. " I dont want to put in the work or make the sacrifices to save" closer to the truth
@chronomancer6665
5 жыл бұрын
I set up my self-directed ROTH a year ago so I can invest it into Bitcoin for the next bull run and not have to pay taxes on those GAINZ. :)
@MarkJKohler
5 жыл бұрын
Love it!! Keep it up. Let's cross our fingers Bitcoin takes off again.
@mikebeihl6260
4 жыл бұрын
How did you do this as I would like to also?
@leapadaoan2263
4 жыл бұрын
@@mikebeihl6260 try betterment they do have Roth IRA
@davidshaban8554
3 жыл бұрын
Well you look pretty smart right now.
@NGF-Life
5 жыл бұрын
Hi Mark, great video I learned a lot. I have a question about partnering with other LLC. For example, if I had the following setup: Partner 1 sd IRA LLC: 30% Partner 2 sd IRA LLC: 30% Partner 3 LLC: 40%. At the time of distribution, do I have to use the same percentage or would it be wrong if I choose this way to distribute? Partner 1 sd IRA LLC: 45% Partner 2 sd IRA LLC: 45% Partner 3 LLC: 10%.
@rbr4115
4 жыл бұрын
I found a gold mine. Thank you so much sir. Excellent advise.
@MarkJKohler
4 жыл бұрын
You're welcome. Thanks for watching!
@TimHPop776
3 жыл бұрын
Absolutely fantastic insight and options to get really invested for the future!! Thanks
@bfdweik1
3 жыл бұрын
Lol....loved the come back on the haters.... frankly speaking they are not haters but un-enlighted.... Great work educating everyone and appreciate Transparency! Wish I came across these videos 20yrs ago. I always contributed to 401k for 20yrs but only understood it 3 years ago, so I decided to self direction after realizing Wallstreet doesn't cut it.
@aarongodsey9567
2 жыл бұрын
Mark , Quick question? I have a roth IRA that I have been contributing to since I was 30. I am now 42 and currently get 3% from the the company i have. My question is ......the funds i have in my roth, I invest these funds into the market to get the 10-12%? Many thanks Aaron
@fortgrove3166
5 ай бұрын
People don’t realize they can get the same result contributing to their 401k or taxable brokerage account; due to the Roth IRA contribution limits. And most will get a match. I am putting some of my social security in a taxable brokerage account.
@MikeMcIntyreintechrity
5 жыл бұрын
This sounds really interesting. I run my own business (LLC) and once I pay off the IRS, later this year, I want to start investing $6k+ a month, plus start another side hustle with 100% of the profits also going to retirement (selling items on ebay). Can you guys assist and guide me? I don't have a 401k yet, but a vendor may be providing it soon, but wondering if there's a better way.
@ginacort23
2 жыл бұрын
Wow !! Thank you so much for all this info . It opened my eyes to how we can be smart about saving with tax benefits and investing at the same time 👏🏻👏🏻👏🏻
@giovannam925
5 жыл бұрын
@markJkohler I am self employed and I dont have employees. Can I still work this process?
@moet131
4 жыл бұрын
Yes you can invest in an IRA. That has nothing to do with your business or whether you have employees.
@noy6184
4 жыл бұрын
So when I put in IRA. Will it invest as It would do in 401K?
@kevkev7164
3 жыл бұрын
Love your enthusiasm Mark! A lot of good information.
@adamcesari1012
3 жыл бұрын
I’m definitely interested can I transfer my existing crypto to the Roth IRA portfolio? And are these numbers taking the 300$ a year fee for your ira account?
@casoretyrone6632
3 жыл бұрын
Yes I did mine with the help of Noud mikan
@tekskills
4 жыл бұрын
I thought that ira accounts had yearly limits, so if the maximum I contribute is 7k how does that become a million
@MarkJKohler
4 жыл бұрын
Roth IRAs earn interest by compounding, which helps your money grow more quickly. Whenever your investments earn a dividend or interest, that amount gets tacked to your account balance. This is how it's possible to rack up money in Roth's.
@davidhudson3001
4 жыл бұрын
I have come to realize the essence of self employment since lockdown, i have been looking into the market lately and on one Investment podcast i listened to, an investor went over how he made $350,000 within a month of investing $100,000 and as a beginner, i would appreciate any clue or strategies for making good profit.
@guangfang9961
4 жыл бұрын
As a beginner, do not invest directly by yourself rather, look for a financial advisor who understands the market very well and invest through him or her.
@chenguangling4603
4 жыл бұрын
I have been through this road before though rough but thank to my friend who introduced me to JULIANA GUNAWAN LEE who is a professional broker and within 4 months I have made over what I thought in profits and still counting...She is available on the web
@davidhudson3001
4 жыл бұрын
@@chenguangling4603 Thanks so much and I just looked her up now and dropped her a message.
@kroypatcha
4 жыл бұрын
The market already recovered. Early risk-takers in March made 3x, 4x even 8x on tech stocks(some good tech stocks crashed to $10 and now back to $100 in 3 months). Now spy is waiting for a pullback. On other hand, there are people who invested in Feb 2020 and quite in March 2020 with 80%/90% loss of money. It's easy to analyze the past. It's unfortunately of no use. No one can tell if the market will keep growing from this point or 80% losses again.
@AprilLicks
3 жыл бұрын
So glad I found your channel. I’m 36 and I just opened my first Roth IRA. Doing all the research on my own, investing in stocks.. does that mean I can’t open a self directed ira now? I want to invest in crypto in my Roth ira also but can’t figure out how 🙏🏽😩
@mrwakeup1983
5 жыл бұрын
Excellent video once again Mark! Your info is priceless and the genuine enthusiasm is great. I’m overseas on a civilian defense contract for the Navy but when I return this fall your firm will be hearing from me for some LLC business. I definitely want to explore the self directed IRA.
@MarkJKohler
5 жыл бұрын
Thank you so so much for the kind words and for supporting me and what I do! I speak from the heart, spontaneously and sharing advice to protect people. My firm would love to have you as our new client and assist you with your LLC needs. Please reach out whenever you're ready 435-586-9366 ext 2024. If you're also interested in self-directed IRA, may I suggest you check out www.directedira.com. Mat Sorensen is a wonderful and knowledgeable SDIRA expert. They're running a special right now for $150 OFF FYI. Again, thank you for the comment!
@flair_projectsb
4 жыл бұрын
Mark, can you please go in deeper in self direction examples. I have my own business and I would love to see if it makes sense to self direct and invest in my business.
@MarkJKohler
4 жыл бұрын
Check out my comment to your previous question!
@hornbaker
5 жыл бұрын
With Roth, you can’t invest in a business that you materially participate in (e.g., a rental property needs 3rd party management, you can’t do repairs yourself, etc.). Can you explain how your customer flipped tickets without violating that rule? (Love what you’re doing here, but this seems inconsistent with what I’ve learned.)
@nelsondiaz4344
5 жыл бұрын
Setup a company (C Corp). Your Roth has 100% of shares (not ownership). Company expenses get paid (including your salary). Roth gets 100% of profits (tax free) - :)
@hornbaker
5 жыл бұрын
Nelson Diaz I’m pretty sure that’s not allowed, because the restriction is on where retirement funds are invested, not ownership status (but I’d love to learn otherwise). I only know of one loophole to allow retirement funds to be invested in a company where you participate. That’s with non-Roth funds in a traditional 401(k) that you setup under your own C-corp; it’s allowed to invest in that C-corp. Disallowed if the 401(k) funds are Roth.
@nelsondiaz4344
5 жыл бұрын
@@hornbaker SOLO Roth. You can invest in anything except collectibles. Not sure where you're located but find Wealth strategist who is highly recommended. Not a finance officer or such but a specialist who only deals in SOLOs, Golden ROTHs, SD ROTHs for higher level investment.
@hornbaker
5 жыл бұрын
Nelson Diaz Thanks for the follow-up. Yes, I’m familiar with the extra benefits of moving Roth IRA funds into a self-directed 401(k); no question there. I suspect the technicality in the ticket-flipping example is that the individuals are only buying and selling assets on behalf of the 401(k), not adding value to them. I don’t think the same would work if the ticket-flipping was being done under an LLC that the 401(k) invested in, because then the individuals would be acting as employees. Disallowed Persons for Solo 401(k) transactions specifically includes “an employer, any of whose employees are covered by the Solo 401k plan” - I.e., you can’t be an employee where the 401(k) invests. Mostly, since we were offered a concrete example of how this was supposedly an allowed transaction, I was hoping he’d provide an explanation of why it wasn’t a disallowed transaction; instead, speculating above. Cheers!
@mikenephilly
5 жыл бұрын
I agree with you Richard. It's a prohibited transaction because you''re a disqualified person providing services. The prohibited transaction rules still apply even though there's an LLC involved.
@marcussavina2726
4 жыл бұрын
And this finally answered a question I have had for a decade of why there are so many llcs
@MarkJKohler
4 жыл бұрын
Great to hear Marcus! So glad I could help clear that up for you!
@MannyBrum
4 жыл бұрын
Just because you can invest in anything in the Roth IRA doesn't mean you should. A good high dividend yield ETF is probably best since if you have a 4% distribution that's an additional 4% per year, and when you retire if you withdraw the annual distribution plus 4% not only will it still grow despite you withdrawing money, but you'd be making 80k every year. Not to mention that dividend yield reinvested helps you to get to your goal faster. Plus these are a pretty safe bet since they're diversified so they tend to follow the market. 8% growth plus 4% dividends is probably better than a 12% growth strategy since the latter is going to be in riskier investments.
@jeffryferdian9556
5 жыл бұрын
They only allowed 6k per year on Roth IRA. Any advise on how to contribute more than 6k annually? Should we use different account other than Roth IRA?
@seventy7dayz
3 жыл бұрын
Thank you! This information is awesome, and free!
@estelaniealexandremsw4966
4 жыл бұрын
What if I want to hit $1 million before age 67 since that's way too old for me? Help? I'm in 30 range.
@PedalToTheMetal61888
4 жыл бұрын
...But could you please tell my HARD HEADED DAUGHTER ...she Thinks this something i made Up...!!! ???
@konijntjesbroek
4 жыл бұрын
If you invest like a 40yo at 30 you now are at 57 instead of 67. . .
@estelaniealexandremsw4966
4 жыл бұрын
@@konijntjesbroek I really want to retire at 45 the latest but you have a point here.
@bellmeisterful
4 жыл бұрын
Then triple the suggested amount.
@noslenj123
4 жыл бұрын
@@konijntjesbroek Is that like the 80's are gonna make the 70's are gonna feel like the 50's?
@BybChanelBibene
4 жыл бұрын
You’re awesome man!! People, just save money, no matter what.
@tinhnguyen-demary2444
4 жыл бұрын
Ignore the haters. People like you help us to stay away from welfare!!! Thank you.....
@johndoyle3187
4 жыл бұрын
Why would someone give a negative comment to someone creating a great video with great content AND he's sharing it for free. Thanks for sharing this information my friend...I'm 46 and I feel like I got a chance now lol!
@jerrydesu
5 жыл бұрын
Company match going into the same bucket as rounding up savings might confuse some - retirement account contributions need to be earned income.
@MarkJKohler
5 жыл бұрын
Well...it all comes down to good accounting in the Trust Account/401k Account. There can be contributions, Roth, Traditional, roll overs, different investments, etc... It's exciting but with the right design and support you can do it. Check out our 401k services at our lawfirm at www.kkoslawyers.com.
@TKKellyHLL
5 жыл бұрын
If I'm self employed what are your thoughts on having an Roth IRA and SEP IRA. Can you create a video explaining the differences, benefits and is a good idea or not to have both? Again always good stuff....I love your books and all your video content.
@PedalToTheMetal61888
5 жыл бұрын
...BUT wasn''t ...clarke-HOWARD-''..Teaching exact same ...THING...along with Dave-Ramsey...& CHRIS''..!!
@IcerDawn
5 жыл бұрын
So tempting! Are these LLCs reported on Sch C or 1065? Are your HSA account and your Roth account 50/50 owners of the LLC?
@MarkJKohler
5 жыл бұрын
Wow...lots of questions and 20 answers with options. Sometimes the LLCs don't have to report ANYWHERE...and they certainly won't on a Schedule C. May I suggest two things. First, my partners best selling book on the topic at www.sdirahandbook.com. Next, just get a brief consult with one of my attorneys. They can tailor your questions/answers to your situation and it will save you a ton. Call Rosalie Phan at 435-586-9366 to set something up. Thanks
@reginogarcia5089
4 жыл бұрын
Nice video, new to all of this jargon but you helped me understand a lot and how to get started! Thanks
@MarkJKohler
4 жыл бұрын
Thanks! Keep on watching my videos and you will learn the jargon in no time!
@myleneballesteros8164
4 жыл бұрын
Wow! I learned a lot from you ! I should have stumbled on your video a year ago but I believe it’s not too late for my son’s future ..thank you for educating us and sharing what you know best! 🙏🙏
@Actionnetworkkidsacademy
4 жыл бұрын
The Acorns idea is great but they charge you every month.
@beverlyjones3132
3 жыл бұрын
It's only $1.00, upgrade account are $3.00.
@Tyrael314
4 жыл бұрын
LOL... people really said insurance was a better investment vehicle? Just shows there will always be a market for common sense financial advice. Nice work presenting a clear easy to understand explanation.
@Mychannel-gr1fn
3 жыл бұрын
If I'm correct you have to pay taxes on the earning in the Roth so it's not totally tax free Also you could pass it along to somebody who's financial smart *and fingers cross a Good person*
@michaelscott181
2 жыл бұрын
Amazing! thank you so much!
@jamalginsburg7277
3 жыл бұрын
I am going to invest more into my 457 Roth over my 457 (B).
@kikib3573
4 жыл бұрын
How much does your firm charge to set up and help you do your self direct?
@MarkJKohler
4 жыл бұрын
Please give them a call. Directed IRA company. 800-818-1322.
@marinecadence
4 жыл бұрын
Thanks! Very helpful. Dont let the haters get you down
@MarkJKohler
4 жыл бұрын
Thank you so much!
@usachiropractic
5 жыл бұрын
My. Roth allows me 7k in deposits a year. Can I open multiple Roth iras using multiple companies
@alrocky
5 жыл бұрын
Yes but you may only contribute $7,000 per year not per Roth account.
@MarkJKohler
5 жыл бұрын
Rocky nailed it. Correct.
@ManifestMoon
3 жыл бұрын
What is the best way to use your directed Roth to invest in foreign property that will be rented out?
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