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As a contractor, I change jobs every few years. After a few montrhs (dividend pay time), I roll the 401k funds into my personal Schwab account. Keep those eggs in one spot so they gorw together.
this is a very broad statement, I was joint owner on all my father's accounts but I was single and when he passed all his property came to me no hassle nor probate court.
Then you were lucky. Had you been sued for any reason they could’ve accessed the account. Divorce? Or if you lived in a state that charged inheritance tax it could have turned out different.
@@everythingtheynevertoldyou5082 yes lucky that we were smart enough to know there was no inheritance tax in the state we resided in and having joint accounts would make it easier when one of us died. this was all given consideration as part of our financial planning. my father was a widower and I was not married so no divorce to be concerned about. we live in a sue happy country and people will sue over any little thing thinking they can get money so that is a cause for concern in any situation.
I was born in 83 I'm not working 3/4 or more of my life for these greedy corporations! You only get one go around I refuse to spend it making someone else's life easier!!
They then lose all the baby boomer votes. How about reducing the $80B we give to Ukraine or the millions given on EBT cards to millions of illegal immigrants...
I'm 61, and own a company that pays me $50k/year for little to no work. I expect to be able to continue earning this income thru the age of 70. I want to enroll in social security now, knowing I won't be receiving a check...because it's my understanding that my earned income between the ages of 62 thru 67 will be recalculated at 67...so in essence I won't be penalized. My instinct tells me to get enrolled in the system before major changes are made to the program. Your thought's?
Bad idea! If you claim early you are locking in a lower base amount for these of your life. Yes, you can theoretically gain if you continue to work but your base is determined on 35 of your highest years of income, so these $50k years may not help you. Wait till at least full retirement age or 70 based on your marital status. Or, ask me to run the actual calculations for you.
Nothing new here put aptly stated. Politics as usual and both parties do it. But the more important overriding issue is the health of our democracy and republican form of government. That and civility and decency.
Y’all criticize the government for not doing enough but don’t wanna fund it or talk about how much we spend on welfare for the 1% sorry I mean tax breaks and kickbacks
Well when we pay money we get screwed they barely fix anything while where on the verge of homelessness they got 3 different homes and rich as ever while we get 3000 added to local tax for a school that don't have ac but buys a million dollar score board every school year so yeah close your damn mouth I ant paying taxes
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I’d suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
@@ArabellaBeatrice-099 That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@@ArabellaBeatrice-099 The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Keywords to what you said are make the economy look better than it is. You can't necessarily trust anything that comes from the government or the media. Naturally I believe there are political forces at play. And as many people wonder, out of over 300 million people, is this the best we can offer for our next presidential election?!?!
The political forces at play are trump is trying to make sure he has a vp that won’t stop him from gumming up the election process, keeping him as an “interim” president
You know that Trump appointed Powell, Right? It's a four year term, Biden can't just replace him. I liked the video till you started taliking dumb political stuff. Two minutes of googling would have informed you
I agree that the government may be overstepping their bounds. However the abuse is in the way of the consumer's Liberty to purchase and own a home, so I think the bill is a good idea.
You're most likely spot on regarding a conversation between the White House and Powell. Personally -- I'm quite sure those types of conversations, with a lot more people than just Powell, happen quite frequently. I liked your message, as usual!!
I had a stroke at 50 had to go on disability at 62 SS switched me onto regular SS between me and my stay at home wife’s SS we survive. Her original SS was900 month. After years i heard about spousal consideration bc she was a stay at home mom they bumped her monthly payment up443 month for a total of $1343
Appreciate your insightful and timely comments. Economics aside (and as a political moderate) I will vote for decency and civilty. Besides, politicians pander; statesman govern. Unfortunately our politics is mostly the former.
If you take the money out as soon as possible and invest it every month into the market then withdraw when you want to start withdrawing you will have a much much higher #
Guy makes a video and doesnt even know the average life expectancy. What a clown. Its 79. And you want people to wait til 70 to reitre? People think retirement is about an age....its about money. Take it as soon as you can if you dont want to work anymore and never listen to this clown
It is not taxed by up to 85%. 85% of it could be taxable. There is a big difference. The taxable percentage would then be taxed at your normal marginal rate in the tax tables.
Look at your rights lost, war, world standing, corruption, border wall, illegals, crime, abuse of power, clearly Trump made things more peaceful and better for Americans and the world. Obiden has been a total failure.
