Regulated Financial Adviser and Chartered Financial Planner helping people achieve true financial independence so they can really enjoy their retirement without money worries.
The content in these videos should not be deemed advice and you should always do your own research and seek professional financial advice.
Lately, I've been contemplating retirement, uncertain whether my 401(k) and IRA will ensure a secure future. I've also invested $800K in the stock market, experiencing fluctuations without substantial gains.
Using a 401(k) or IRA is a valuable strategy for retirement planning, providing potential savings growth and tax advantages. While the stock market is promising, expert guidance is essential for effective portfOlio management
Opting for an invest-ment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfOlio has surged by 45% since Q2.
Thanks for sharing , straight talking great advice from someone who knows the pensions world, most of us don’t. Appreciate the video and will check in on some more
Bring Stephanie Janis Stiefel on the show. She changed my life Financially I managed to grow a nest egg of around 120k to over a Million. I'm especially grateful to Stephanie Janis Stiefel, for her expertise and exposure to different areas of the market.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
Well her name is 'STEPHANIE JANIS STIEFEL'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Many skilled person immigrated to uk after 40, or they deposited NI for 10 to 20 years, what scenario for them while the partner did not contributed to NI at all
Hi all Just to clarify matters given I've been sent my interest / tax for the 2023/2024 year. I'm due to pay £52.80 I have two options a) pay outright b) in the 2025/2026 tax year it is taken off in 12 installments from my pay. Hope this helps matters undertand how and when it goes out / paid
I think already its pretty certain there will be a new government in 5 years! this lot are disgraceful and clueless and everyone's already well aware of it 🤣🤣🤣
Amazing content! I have been following your videos for sometime now, consistently kicking down Wall Street doors for two years now, I have over $320k in stocks. Currently, my portfolio is down by 15%. Wondering if they're any short term opportunities I can invest in
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
I stopped listening and taking financial advise from these RU-vidrs, because at the end of the day, I end up with a bunch of confusing stocks without knowing when to take profit, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
Stacy Lynn Staples is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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?
I'd avoid the index funds, mutual funds, or specific stocks for the time being. The 5% fixed incomes are the safest bet for now. Save your cash for when the market actually shows sign of recovery.
This is why I entrusted a fiduciary with my investmnt decisions. Many underestimate advisors until emotions lead to losses. My advisor crafted a tailored strategy aligning with my long-term goals, guiding entry and exit points for the equities I focus on. This has grown my portfolio to over $850k. My personal best so far
That's really great. I've tried doing some research myself to hire a financial advisor, but it's really overwhelming. Could you recommend who you work with please?
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement fund has grown way more than it would have with just the 401(k). Haha
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Stacy Lynn Staples who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Stacy Lynn Staples for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@GeorgesIngrams I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@RawlinsesPierces MARGARET MOLLI ALVEY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@BriansKitchens Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@KesslersArteagas I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@GeorgesIngrams MARGARET MOLLI ALVEY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@ConleysEvanses Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
Buying stocks might seem easy, but picking the right one without a solid plan is tough. I've been trying to grow my $100K portfolio, but the tricky part is not having clear plans for when to buy and sell. Any tips on this would really help.
@@HeltonsRasmussens I agree. From my own experience with an investment advisor, I've got $1 million in a diverse portfolio that's growing fast. It's not just about having money for stocks; you need to know your stuff, stay determined, and be resilient.
@@BrentsHowells-r1w MARGARET MOLLI ALVEY is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
@@ConleysEvanses Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.
ive applied for drawdown to take the 25 pct tax free portion. You get a 30 day change of mind period which gives you a free option to change your mind depending on what is announced on the 30th oct
Great video, many thanks. Subbed and the bell has been hit! This year, 24/25, will be my first year where I go over the £1000 threshold for savings interest and therefore will be liable for tax. (Maxed out ISA etc) I am currently receiving the full new state pension and am employed full time. However, in December I am retiring and heading off overseas for a long time, maybe permanently???? I have been through gov.uk and HMRC but still have no idea how to make sure any tax is paid and I don't have any unpleasant surprises. (The tax should only come to £70/80 so I might as well get it out of the way) I have a spreadsheet detailing all interest received. I would greatly appreciate your advice on how to get this sorted. Many thanks in advance. Simon.
Subscibed and liked. Very useful Thanks, one question, Is a gift of £3000 to a family can be deducted in your self assessment return to get your total income below £100,000 ? Is the Gift helpful in this example or is it helpful only in IHT?
Thank you so much, Carl! I recently received a letter from my pension provider saying that they had recently put the retirement age on my pension up to up 70 years of age. This was due to a technical error. They apologised and moved it back to the original date. I’m nowhere near that age by the way but it did set off alarm bells. Do they know something the public does not?
U didn't mention someone who is of state pension age but the wife is not , does she get any of his pension?? The husband was on a pension before 2016... Your video has not explained this.. so this video is of no use to us...
I can confidently say - YES. Take the money. Do some things. Only 50% of men still have their health at 63. Why wait? There's no point getting to 80+ with a stack of cash left, regretting being "careful"...
What if my pension is final salary and is effective static - I’ve taken income and no cash on one but have another I need to decide on. I’m 60 and reached normal retirement age for those plans.?
I thought the money that people had saved up. Had already been taxed and the remainder. was yours . How many times do they want to tax YOU before they had taken it all .
Hi, you say you can take any pension at age 55, I have a small Invensys pension and I wanted to take the whole pot amount at age 55 but have been told I can't unless I was unemployed
We are told regularly that people can live until they are a 100 years old. I would be interested to know what percentage of people do live up to the age of 100. Living longer of course increases what you size of pension fund you need in retirement. Many of the people who I know have died in their 60/70’s so I would like to see more information and the average life span and income needed.
If you gave everyone £10000,1/ some would invest and make the money work and work hard,2/ others would buy new cars a new big TV etc then complain its all gone 3/ whilst others would gamble,drink and just waste the money away. Why should the first group be the ones who have to pay for the other two groups? I see people on PIP and ESA, they seem to have the most disposable income doing everything from group 2 and 3, what is going on?
Is this guy qualified? This is dangerous advice. The capital gain on STRIPS (zero coupon bonds) are 100% TAXABLE AS INCOME (it is all on the UK debt management office website: dmo.gov.uk) - they offer no tax savings at all. CONVENTIONAL gilts however are NOT taxable on capital gain (only the coupon interest is taxable, you declare that on your Tax Return like you would savings interest), so the conventional gilts which DO offer considerable tax savings are LOW coupon gilts in the secondary market (those which were issued during covid when rates were close to zero have coupons as low as 0.125%). Whilst low coupon and high coupon gilts of a similar maturity will offer a similar yield, the lower coupon gilt provides most of that yield in terms of Capital Gain rather than coupon interest. e.g. TN25 (it was actually right the on the HL screen the guy showed in the video) has a coupon of 0.25% and matures on 31Jan next year: it currently yields around 4.10% with the bulk of the return coming via capital gain (because TN25 only has a coupon of 0.25% in a 4.10% yield environment, it trades at a price discount in order to give the 4.10% yield; you buy it today say at a clean price of 98.70 and it will redeem at 100.00 on 31Jan25...that price pick-up is capital gain and is not subject to CGT). Hence a 40% taxpayer would only pay 40% income tax on the tiny 0.25% coupon, and have no tax to pay on the capital gain => effectively 4.10% pre-tax becomes 4.00% net of tax for a 40% taxpayer; to get 4.00% net on a bank savings account, a 40% taxpayer would need to deposit at 6.66% in a bank savings account. Given the best deposit rates (1yr FRBs) are about 5.00% best now, TN25 clearly yields a better return than any FSCS protected deposit you could find elsewhere. Recommend people do their own research. Have never...would never...use a financial advisor.
Where do you get the £14,400 a year figure from? I spend no more than £7000 a year while I'm working. I will spend less when retired and not having to drive to work. Mind you, I am mortgage free, but retired people likely will be
If you are going to spend tax free cash soon it makes sense to take tax free cash now, to avoid risk of losing 20% of it. I am going to invest my tax free cash (£52k left to take). Investment will be initially outside ISA, topping up ISA every year to maximum amount. So the question of whether to withdraw all remaining tax free cash comes down to what changes made to dividends tax & capital gains tax.
I have a 3 year fixed term savings account and am a basic rate tax payer. Interests are paid annually and are just under £1000. I’m now in year 2 and will change jobs in January, making me a higher rate tax payer. Is there anything I can do to avoid paying income tax on interests over £500 and how do I treat the partial year of interest for tax calculations? The savings account was opened in July.
Saving is for suckers. Do what that the upper class do, study and buy investments, property and shares that at least keep their value with inflation or out grow it (profit). Property = land, buildings, precious metals, etc. Or an index fund. Inflation is a hidden state tax to steal savings, they don't want you to invest money. Retired, age 58.