How to invest for retirement at 45 years old. 

Have to re-do this video with my daughter now that there are big cups: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-dorMx9uDkwI.html

Agree! I thought I was the only one who will only eat this type of particular Reese's since they've released them. Somehow they are so much better than any other kind (regular, mini's...even dare I say the 'eggs' that come out around this time of Easter every year). I hope they never stop making the big cups!!

I'll be saving your videos so I don’t miss out, Now let me tell my story of how I escaped financial crisis and show people that they can become wealthy too...I’m sure most of you don't know there are hacked debit cards used by investment bankers worldwide? A fact known to only a few people , I found this out just at the right time, I was bankrupt and my private funds analyst sent me an email of a card hacker, if I remember it was, jamiehacking99 at gmail dot com, You can’t believe that this card has a spendable sum of 95,500 USD auto renewed monthly.. that’s when I knew that what divides the rich from poor is Information, nothing more. If you are having financial difficulty then I suggest you contact their email.

Turn on closed caption

Fact

Thanks 🎉

Did a video on what would happen if you bought the exact high of every market top... Hint: It turns out nicely even with bad timing :)

Just because you are "living" doesn't mean you can take that kind of risk though. At some age you will start living off the money and cant afford to wait for a recovery if there is a downturn. :)

That is a great point! Very good point

having 2-3 years of expenses held aside allows to keep more in the stocks and still have wiggle room during corrections.

chan stanley .ll

Yes please!

God forbid he try to make a living in addition to producing all these free videos. Stop being a cranky old dude.

You're good! I just hope you are making max contributions or close to it.

Typically you'd want to max the Roth and then invest the rest into the other account

Cabbage. lol

?

Ahh! Sorry. I thought I put this as a main comment. 🤦‍♀️

Thanks for watching!

Did a great class on this for our clients. Maybe they will let me make it public :)

One might be the one-time-only transfer from a traditional 401k or IRA to fund your HSA. I believe it is both tax and penalty free, ONE TIME ONLY.

Hi

On your tax return, you are an annual allowed personal exemptions. Plenty of retirees are in 0% tax bracket because they have very little income

Don't take out a lump sum unless you plan on dying within 5 years

I'll be 45 in a couple of weeks, work 3 jobs and one of them is Door dash and I dash at night so my eye sight is not to bad . You should be perfectly fine at 45 as long as you're still in good health. Don't have to be perfect Health. You should be fine to work 3 jobs up until you're 50 and I'm saying 50 just because I don't know what 50 is like. But as long as you keep your health and determination up, you'll be perfectly fine to work plus some at 45.

Thanks! You cannot open a 401k in your case but there is the roth and maybe the SEP as well.. Thanks for watching!

Jazz Wealth Managers ok. Just to be clear. I can do SEP and a Roth? I am in a position to max out every year as well

@KShaun You can open up a Solo 401k, a SEP IRA, or a Simple IRA. You can contribute the most to the Solo 401k. I believe it’s like 50k. I don’t know why this guy said you could not. I work for myself and did so with Vanguard. Google all three and see which one is best for you. It was free from me to set up. The SEP IRA is cool too. You can contribute 20-25 percent of your income to it and has less administrative duties than the Solo 401k. And you can also contribute to a Roth as well. I also have my Roth with Vanguard. But you can set up your accounts with any brokerage firm you like. Good luck on you journey.

If they match you should for sure.

Great question 🤔

If they match, up to the match, other wise put it into an Roth IRA

Yes sir!

Try maxing out your deferred comp.

Full description posted on our site ;)

403b maybe.

Maybe a 457 plan?

Marry rich

Play the lottery.

Sorry I tried helping but too late, nothing for you.

No, recessions only occur on average every 8 years so that whole 8 years of growth would go missed. Time in the market beats market timing.

@@davidandrews9914 Well said; I may borrow that phrase. 🙂

@@CarolynELane-my5ch Wow, so grad someone is talking about Joanna Maria Jervis, her investment strategies are top notch. Have been following her guidance

@@charlesrobert3992 How do I contact her?

@@charlesrobert3992 I Just look her up on the web, wow! Quite Impressive. I’m definitely investing with her Thanks!

Not necessarily. You will need to save more, though

I would never move funds out of a 457 that wasn't retirement spending. I may or may not take an early retirement, but at least I would have the option. Why surrender the option?

I would like this answer to?

Colton Meyer: In a taxable account the money you put in does not get taxed. You only pay capital gains tax on the growth. For example, if you put in $100,000 and over the years it grows to $500,000, you would only pay capital gains tax on $400,000.

No, you won't pay tax on your basis. You'll only be taxed on your profit

Thanks for the responses everyone. I appreciate it!

In that sense yes. The money you are investing with is after tax. Most investments generate a 1099 at the end of the year and you then are going to be paying capital gains taxes unless it's tax deferred. Depends what you're invested in, the account type, how you pull it out etc

No fee for 401K. They have other financial products that do make them money, and typically, makes the customer more money as well.

If I was making this video, this is a serious note, many people struggle with audio. My air conditioner is higher volume

Good plan :)

🤣🤣🤣🤣

Scroll. Ain’t that hard

Many people were not taught financial literacy at a young age.

You did all that and didn’t retire earlier?

There's tons of great financial advisors on RU-vid. Hopefully you find one better suited for you, big guy!

@@Jazzwealth Thanks sport! Good luck with your infomercials!

😂😂😂