Тёмный

How to Create a 1 Million Dollar ROTH IRA - Part 2 

Mark J Kohler
Подписаться 443 тыс.
Просмотров 300 тыс.
50% 1

Being a Tax Advisor is a lucrative opportunity...Learn more here:
markjkohler.com/become-a-cert...
Ebook & Newsletter: markjkohler.com/youtube/
Call the MJK Team: 208-745-2865
KKOS Lawyers (My Law firm): kkoslawyers.com/contact-us/
Directed IRA (My Trust Company): directedira.com/appointment/
My Certification and Membership: markjkohler.com/become-a-cert...
Podcast: mainstreetbusinesspodcast.com/
Main Street Business Services: mainstreetbusiness.com/
Facebook: / markkohler
Instagram: markjkohler...
Threads: www.threads.net/@markjkohler
X: / markkohler
TikTok: www.tiktok.com/@markjkohler?l...
LinkedIn: / markjkohler
RU-vid: ru-vid.comf...
LinkTree: linktr.ee/MJKRU-vid
#Taxes #avoidtaxes #paylesstaxes #wealth #tax #realestateinvestment
If you liked the video, please give it a "Thumbs up!" and please subscribe to see more!

Опубликовано:

 

11 июл 2024

Поделиться:

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист
Посмотреть позже
Комментарии : 681   
@FennaVa
@FennaVa 5 месяцев назад
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
@ralfbrown-kl1gp 5 месяцев назад
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 RU-vidr.
@marcellasilva4015
@marcellasilva4015 5 месяцев назад
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
@mikeescott 5 месяцев назад
@@marcellasilva4015 Thanks for replying, You seem to know much, How did you go about it and can you recommend an advisor like yours?
@lnvestngwithrose29
@lnvestngwithrose29 5 месяцев назад
@@marcellasilva4015 Mind if I ask you to recommend this particular coach you using their service?
@noahzimmerman-yg6qt
@noahzimmerman-yg6qt 5 месяцев назад
Mind if I ask you to recommend this particular coach you using their service?
@wholesomenesstv
@wholesomenesstv 4 года назад
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.
@chriswalter92
@chriswalter92 8 месяцев назад
You cannot cut your way out of recession you've got to invest your way out of recession, the Conservative party are in the dark ages on policy they've got to think again. My primary concern is how to maximize my savings/retirement fund of about £170k which has been sitting duck since forever with zero to no gains.-
@tahirisaid2693
@tahirisaid2693 8 месяцев назад
Definitely! All of this happened in less than a year after *JENNY PAMOGAS CANAYA* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars..
@jesham7627
@jesham7627 3 года назад
Self-Directing methods caught my attention. Thanks Mark!
@joycenewberry4113
@joycenewberry4113 3 года назад
Thank you for sharing your time, effort and knowledge about this topic. This is gold!
@relaxationsoundsambience2724
@relaxationsoundsambience2724 2 года назад
This right here has helped me 100%. Thank you, and you got a sub.
@jamesw1164
@jamesw1164 4 года назад
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
@MarkJKohler 4 года назад
Thanks James! So glad you took something away! Be sure to subscribe and share so you can help others!
@rankinprojects599
@rankinprojects599 2 года назад
Great info. There is just so much as a newbie it’s overwhelming to grasp all the concepts.
@sagarpokharel70
@sagarpokharel70 3 года назад
You sir are a genius. Appreciate the hard work you’re doing.
@sharon4094
@sharon4094 2 года назад
I love your energy!
@seventy7dayz
@seventy7dayz 3 года назад
Thank you! This information is awesome, and free!
@maxlewis2011
@maxlewis2011 5 лет назад
Thank you for giving!!!!! (You are doing the service for all of us)
@MarkJKohler
@MarkJKohler 5 лет назад
You're very welcome! Thanks for watching the video!
@mikemeyer6852
@mikemeyer6852 5 лет назад
Great part 2 Mark keep up the good work!
@MarkJKohler
@MarkJKohler 5 лет назад
Thanks so much Mike! Really appreciate it!
@kevkev7164
@kevkev7164 2 года назад
Love your enthusiasm Mark! A lot of good information.
@ralpharomeo7420
@ralpharomeo7420 5 лет назад
Man this guy is a saint. Your effort and time is greatly appreciated sir.
@MarkJKohler
@MarkJKohler 5 лет назад
Your comment made my day. Thank you :)
@joelwaldman4854
@joelwaldman4854 3 года назад
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
@dr7b622 3 года назад
0a j hq nh
@yanutube1
@yanutube1 3 года назад
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
@bassplayerpapabear 3 года назад
@@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
@michaelscott181
@michaelscott181 2 года назад
Amazing! thank you so much!
@vinimetal
@vinimetal 4 года назад
I like this guy answering those comments
@DaedalusCreative
@DaedalusCreative 4 года назад
Thanks, Mark. Be well!
@hannahhannah3331
@hannahhannah3331 3 года назад
Thank you so much Mark ! ❤️❤️❤️
@ginacort23
@ginacort23 2 года назад
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 👏🏻👏🏻👏🏻
@airicagolden6200
@airicagolden6200 4 года назад
Thank you for this information.
@TimHPop776
@TimHPop776 3 года назад
Absolutely fantastic insight and options to get really invested for the future!! Thanks
@LeonaOnyx
@LeonaOnyx 2 года назад
You just blew my mind!!! 🤯🤯🤯
@RockyTopSplash
@RockyTopSplash 4 года назад
@14:50 the realness really shines through.. I can see there is no BS.. Thanks for the tips.. Roth IRA here I come!
@MarkJKohler
@MarkJKohler 4 года назад
I am trying to help you guys save money and build for the future.
@FuerstenbergE
@FuerstenbergE 4 года назад
Thank you so much for this info!!!
@MarkJKohler
@MarkJKohler 4 года назад
You're welcome :)
@alanreyes6190
@alanreyes6190 5 лет назад
Really appreciate this, thank you!
@MarkJKohler
@MarkJKohler 5 лет назад
You're welcome! Thanks for watching!
@ilovechocolate70
@ilovechocolate70 5 лет назад
I am SO grateful for you!
@MarkJKohler
@MarkJKohler 5 лет назад
You're so kind. Thank you for watching :)
@BybChanelBibene
@BybChanelBibene 4 года назад
You’re awesome man!! People, just save money, no matter what.
@PilotsCorner
@PilotsCorner 4 года назад
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
@MarkJKohler 4 года назад
Yes, any scheme that looks too good to be true, is. Thank you for the support, it means a lot!
@kpath74
@kpath74 5 лет назад
Love this man energy!
@MarkJKohler
@MarkJKohler 5 лет назад
Thanks so much!
@thinkingngrowing1324
@thinkingngrowing1324 4 года назад
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
@bretmaki2110 4 года назад
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.
@benz500r
@benz500r 3 года назад
Mark is absolutely right. I'm also an attorney and I know he does great work explaining those concepts.
@MachosAlfa1
@MachosAlfa1 3 года назад
Thank you for the free advice!!
@MarkJKohler
@MarkJKohler 3 года назад
You bet!
@myleneballesteros8164
@myleneballesteros8164 3 года назад
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! 🙏🙏
@page9818
@page9818 2 года назад
Fantastic!
@wavezofhope
@wavezofhope 5 лет назад
You just got a new sub today, thank you for these videos!
@MarkJKohler
@MarkJKohler 5 лет назад
Thank you!!
@PedalToTheMetal61888
@PedalToTheMetal61888 4 года назад
@@MarkJKohler ...MAY i also ...claim you ON My ...Taxes'''...WELL i said ...May...i...!?
@reginogarcia5089
@reginogarcia5089 4 года назад
Nice video, new to all of this jargon but you helped me understand a lot and how to get started! Thanks
@MarkJKohler
@MarkJKohler 4 года назад
Thanks! Keep on watching my videos and you will learn the jargon in no time!
@tll5293
@tll5293 4 года назад
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.
@Justinduffield
@Justinduffield 4 года назад
Great tips. Very helpful. Thanks!
@MarkJKohler
@MarkJKohler 4 года назад
You're welcome! Thanks for watching!
@mtmmase3333333
@mtmmase3333333 5 лет назад
😮wow thanks for the information you explain it so simple
@MarkJKohler
@MarkJKohler 5 лет назад
Thank you so much!
@blinkingred
@blinkingred 4 года назад
Currently loving Acorns, Lets just hope they last as a company.
@pamwinder2712
@pamwinder2712 3 года назад
Thank you for the great info!
@MarkJKohler
@MarkJKohler 3 года назад
Glad it was helpful!
@zeenatnoorali8079
@zeenatnoorali8079 2 года назад
Thanks
@Cris-pj6xk
@Cris-pj6xk 4 года назад
Mark knows whats he's talking about, such a big eye opener can't wait to start saving !!!!!
@MarkJKohler
@MarkJKohler 4 года назад
Good luck Cris! Thanks for your support!
@reniehandler2595
@reniehandler2595 4 года назад
Nice to see that you adjusted the week, month, year.....just easier to follow for the novice
@MarkJKohler
@MarkJKohler 4 года назад
Thank you for watching!
@eyemanpb
@eyemanpb 4 года назад
Thank you so much for educating us!!! God bless you!!! Hope to consult you soon.
@MarkJKohler
@MarkJKohler 4 года назад
You're very welcome! I appreciate the kind words!
@presleycharles06
@presleycharles06 4 года назад
Love this video!
@MarkJKohler
@MarkJKohler 4 года назад
Thank you! please share it with anyone you think it could help!
@jayjordan9275
@jayjordan9275 4 года назад
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
@MarkJKohler 4 года назад
Thank you so much!! So kind. I truly appreciate you vote of confidence. Please subscribe and share when you feel appropriate.
@mrwakeup1983
@mrwakeup1983 5 лет назад
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
@MarkJKohler 5 лет назад
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!
@GilbertSimoniMD
@GilbertSimoniMD 3 года назад
That was great Thanks so much
@GilbertSimoniMD
@GilbertSimoniMD 2 года назад
@♜ Mark J Kohler How do I get in touch with you or your office to make changes to my LLCs and Corp I have left several voicemails and sent in online requests!?!
@jess2111
@jess2111 4 года назад
Thank you 😊 im 21 yrs old and this is good for me but im from Philippines.
@Babystan02
@Babystan02 4 года назад
Kesha Gwen Mobile Bangbang snap ?
@christinar553
@christinar553 3 года назад
Thank you so much for this golden information
@MarkJKohler
@MarkJKohler 3 года назад
My pleasure
@claudeenonthego
@claudeenonthego 3 года назад
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
@11nica5 3 года назад
Sounds costly, and LLC in some states (like CA) you have a yearly tax of $800
@MarkJKohler
@MarkJKohler 3 года назад
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/
@cjgood
@cjgood 3 года назад
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!
@Rooted4Life
@Rooted4Life 4 года назад
Thanks, I'm checking that website out now!!
@MarkJKohler
@MarkJKohler 4 года назад
Awesome :)
@malik-sevennavarre1577
@malik-sevennavarre1577 Год назад
My man 💪🏽 go head Mark
@marinecadence
@marinecadence 4 года назад
Thanks! Very helpful. Dont let the haters get you down
@MarkJKohler
@MarkJKohler 4 года назад
Thank you so much!
@brendastepp614
@brendastepp614 4 года назад
Thank you, for well informing me!
@MarkJKohler
@MarkJKohler 4 года назад
Thank you, for watching! (Hope you already subscribed too :) )
@brendastepp614
@brendastepp614 4 года назад
@@MarkJKohler I have!
@smonelh
@smonelh 5 лет назад
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
@MarkJKohler 5 лет назад
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 :)
@girldaddividendinvestor
@girldaddividendinvestor 5 лет назад
New subscriber. Amazing set of videos, on the path to be a retired millionaire!
@leapadaoan2263
@leapadaoan2263 4 года назад
I just hit subscribed😇 u r my angel sir
@rdkisner
@rdkisner 3 года назад
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
@CharmCityMediaMD 2 года назад
You can't. That is the biggest issue I had with his videos. Don't wait until age 50 to start investing. Lol
@josephsaeteurn9158
@josephsaeteurn9158 2 года назад
@@CharmCityMediaMD take his videos with a grain of salt... its not accurate..
@trueno1337
@trueno1337 Год назад
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
@brennamoorhead30 Год назад
Mega backdoor Roth conversion
@alyxxa6182
@alyxxa6182 5 месяцев назад
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.
@miguelbarradas9858
@miguelbarradas9858 3 года назад
You are amazing 👏👏👏🙏🙏 you open my eyes
@geraldlofton
@geraldlofton 5 лет назад
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
@MarkJKohler 5 лет назад
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
@chuckincharlo 5 лет назад
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
@PedalToTheMetal61888 4 года назад
...must be talking about my ...5...hardheaded''...''Daughters'''...they just wanna take...selfi''s-...and HAIR-WEAVES'''...silly...rabbitts'''''ha...ha...ha...!?
@DrBenz63
@DrBenz63 4 года назад
Man with cash is king 😉
@747-pilot
@747-pilot 3 года назад
@@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).
@NGF-Life
@NGF-Life 5 лет назад
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%.
@nelsondiaz4344
@nelsondiaz4344 5 лет назад
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
@MarkJKohler 5 лет назад
Thanks so much!!
@rayuia8499
@rayuia8499 4 года назад
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
@MarkJKohler 4 года назад
Glad to help! please subscribe and share!!
@bfdweik1
@bfdweik1 3 года назад
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.
@pranav707007
@pranav707007 4 месяца назад
@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)?
@amiralamb
@amiralamb 3 года назад
This is gold.
@marknarouz4337
@marknarouz4337 3 года назад
Thanks Mark God bless
@gorgeousj206
@gorgeousj206 5 лет назад
Videos are fya 🔥🔥🔥
@MarkJKohler
@MarkJKohler 5 лет назад
Thank you!
@ivanthemisunderstood6940
@ivanthemisunderstood6940 4 года назад
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
@bretmaki2110 4 года назад
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!
@askgates
@askgates 5 лет назад
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
@MarkJKohler 5 лет назад
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
@askgates 5 лет назад
@@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 👍
@johngonzalez7519
@johngonzalez7519 4 года назад
So wouldn’t you recommend already having money in a Roth and rolling it over to a self directed one? ( so that you can already have some money to play with as to opening it brand now and not having much in it?)
@unplugged301
@unplugged301 3 года назад
Do you have to buy index funds/bonds/etf etc right away when you contribute money into your Roth?
@alhavana9426
@alhavana9426 3 года назад
Thanks for the advice Mark I keep reading about INDEX FUNDS here and there are these a better instrument than a Roth IRA, do you have any info/videos on this ??
@MikeMcIntyreintechrity
@MikeMcIntyreintechrity 5 лет назад
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.
@nelsonc1687
@nelsonc1687 5 лет назад
Good advise hope is true, thank God!
@MarkJKohler
@MarkJKohler 5 лет назад
Totally true. Check out my partners book on the topic of self-directing at www.sdirahandbook.com. The best selling book on the topic in the country.
@champ065
@champ065 5 лет назад
What if you make more then allowed to put directly into a Roth IRA. Do you have info about back door Roth?
@jerrydesu
@jerrydesu 5 лет назад
Company match going into the same bucket as rounding up savings might confuse some - retirement account contributions need to be earned income.
@MarkJKohler
@MarkJKohler 5 лет назад
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.
@thenewone3944
@thenewone3944 2 года назад
are there other terms for time length? If so is there any chance to get that video if absent please
@era8382
@era8382 5 лет назад
Wow!! I love all the info you provide. Can you buy and sell real state with a self direct Roth IRA.
@MarkJKohler
@MarkJKohler 5 лет назад
Yes you can buy, invest or hold your real estate in your Roth IRA. You highly recommend you check out www.directedira.com
@stevesalier3982
@stevesalier3982 3 года назад
Good content only issue is that the IRS severely limits IRA contributions by income so really the only option are Etfs, munies, etc.
@tomasleiva5587
@tomasleiva5587 4 года назад
Hey, I really appreciate and like your first video I have passed it down to other family members. I don’t care if the numbers are not exact, I get the idea, the only think is what is a LIC, I have been googling it but I don’t see it anywhere, or so you mean LOC, line of credit?
@pierreandrieu4667
@pierreandrieu4667 4 года назад
Hi Mark, thanks for sharing your videos. I'm pretty amazed by the contents you share with your audience. I've got a question though, I'm a European citizen (French) looking for a Roth IRA equivalence. I've found robo-advisors such as Betterment, Wealthfront & Yomoni (French platform) and I wondered if you'd consider those as great tools when it comes to planning financial independence. Please find the time to share your thoughts. Pierre
@neptunezgal
@neptunezgal 3 года назад
Thanks for taking the time to give all this info. I am a little confused though. What do you mean they took their Roth and formed an LLC and bought tickets, etc etc? I thought you could not deduct from your Roth because there is a hefty penalty/taxes. Please clarify. Thanks so much.
@gloriamurr8932
@gloriamurr8932 3 года назад
He is right about saving I wish I knew when I was 21
@lazaromelofernandez9576
@lazaromelofernandez9576 4 года назад
I will love you forever if you make a video about how I can invest the money in my Roth in my small business. Thank you
@BernalAzul
@BernalAzul 2 года назад
I wish you explained all the letters you use, like LLL! Also,does directed IRA works for people in Canada?
@alexsoto5546
@alexsoto5546 3 года назад
Great Video! How does this work if the yearly cap for a roth ira is 6k?
@j10001
@j10001 2 года назад
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?
@priscillareyes9966
@priscillareyes9966 4 года назад
Hi Mark, I was wondering if there is an equivalent rules for Canadians? I know the equivalent for roth ira is a tfsa, but how could I accomplish a self directed?
@6HmongChannel
@6HmongChannel 5 лет назад
Is LLC can form identity as Partnership or S Corp and C corp by filing the form 2553? Can I use my LLC S corp business to open a trading account such IRA, trust account?
@MarkJKohler
@MarkJKohler 5 лет назад
No...Sorry. First, there's more forms involved with an LLC than just 2553. That's specific to the S-Election. And...your IRA or Trust Account can't be owned by an IRA. But again, I may not be understanding your goal or question. I would HIGHLY suggest a 20-30min call with one of my tax attorneys. We apply the time to the set-up of an LLC or it's just great advice to point you in the right direction. A little investment with a consult could pay off big time later. Please call my assistant Rosalie Phan and she can set you up. 435-586-9366. Thanks
@juacha1011
@juacha1011 5 лет назад
Is it better to set up a Roth online or with your bank ? A self direct is typically done online?
@puffyelvis5895
@puffyelvis5895 3 года назад
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.
@IcerDawn
@IcerDawn 5 лет назад
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
@MarkJKohler 5 лет назад
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
@anayoung4112
@anayoung4112 4 года назад
Consistent Saving and investing works
@MarkJKohler
@MarkJKohler 4 года назад
agree!
@Aaron-bb9rt
@Aaron-bb9rt 5 лет назад
Do you have a video on how to calculate your rate of return? I’m 22 and am looking to start my retirement fund and also looking to see (based off my return percentage), how much money I would need to contribute monthly to reach the 1M goal. Being new to investing, I’m not sure how to do so. I guess I would have to set up my plan first to get results, probably all depends on what securities I choose to invest in. Any help would be much appreciated, thanks!
@AllThingsTec
@AllThingsTec 2 года назад
Great content. I have a quick question; in theory, if a self-directed 401k (Roth) creating an LLC offers consulting services (services to third parties/unaffiliated), will the revenue be tax-free given that all of the income is deposit back into the 401k bank account? Thanks!
Далее
MEGA ROTH 2023: How To Make A Million Tax Free
36:24
Просмотров 1,4 млн
Want a $1,000,000 TAX FREE? Do This...
42:39
Просмотров 390 тыс.
Цены на iPhone и Жигули в ЕГИПТЕ!
50:12
DEFINITELY NOT HAPPENING ON MY WATCH! 😒
00:12
Просмотров 21 млн
Нашли Краша Младшей Сестры !
23:46
How To Earn $60,000 TAX FREE Every Year
20:10
Просмотров 276 тыс.
CEO Explains: The Fastest Way To $1,000,000 Net Worth
40:09
How Do I Move to a Roth?
8:28
Просмотров 751 тыс.
Mind Blowing 401K Strategies for 2023
34:16
Просмотров 38 тыс.
Dave Ramsey Explains His Investing Process
17:10
Просмотров 2,8 млн
Цены на iPhone и Жигули в ЕГИПТЕ!
50:12