If You Are Doing All the RIGHT Things For Your Retirement, You NEED This!/ Ask The Money Nerds

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✅ Quick Cash Recovery - Uncover the top 8 strategies I use to put more cash in your pocket. This first tip helps 1 in 7 people recover lost money, with the average being over $2000 - garrettgunderson.com/quick-tips
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Who is Garrett Gunderson?
"I help people build sustainable wealth, increase monthly cash flow, and Live Their Richest Life without using budgeting or limiting your lifestyle along the way.” ~Garrett Gunderson
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Video host: Garrett Gunderson
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DISCLAIMER CONT'D: Garrett Gunderson is not a licensed financial advisor. He is an Entrepreneur, Wealth Strategist, and Author of the New York Times and #1 Wall Street Journal bestselling personal finance book - Killing Sacred Cows: Overcoming the Financial Myths That Are Destroying Your Prosperity. He is not providing you with financial advice in these videos. This video, the topics discussed, and ideas presented are Garrett's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

Опубликовано:

16 апр 2020

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Комментарии : 70

@romilaagard7621 4 года назад

Thank thank you for what you are doing to help others in the financial☺👏👏👏

@wingbutler2699 4 года назад

I already had a man crush on Garret’s genius, but this episode sent me over the moon! Today work sponsored advisor stood in front of my right/option to take advantage of the CARES act to exit (withdraw) out of my 401k. It was a long 30 minute haggle, just to get to MY money. He did yearn ask what I was going to do with it, or my values, or even my purpose. Let’s just say, I stood my ground because of what I learned in this video.

@mostmost1 3 года назад

I yanked my money out of it last year. The federal government waived the early withdrawal fee also because I used it to pay off some taxes. It was a glorified savings account.

@destinygirlwithpurpose8188 4 года назад

Thanks...you are amazing!

@yvonnehyatt8353 Год назад

Very good podcast.

@Patty77Barboza 4 года назад

What great words on min

@romilaagard7621 4 года назад

Wao super it's has been great to pleaded in the US🔦🔦🔦🙌

@couplesandcash5999 3 года назад

I would consider rolling the 401k into a self directed IRA upon retirement and purchasing real estate. I would maintain an appropriate amount in stocks but they would be low risk stocks I would also keep an appropriate amount in cash for reserves IE maintenance and then live off a percentage of the cash flow should be sufficient for retirement with 1.4 to work with

@KingTateGreene Год назад

Honestly, this video kinda brought me to tears of sadness because this hurt to hear all these things that can happen with these 401ks, especially for someone who worked hard and did it right. I feel like I don’t know how to move the needle as someone who is nowhere near this man.

@andrewmorris5947 2 года назад

Hi Garrett great content! I am a current loan officer and have my life health and annuities license. Are you or your firm hiring?

@mrapp8918

Great stuff!!! What software program are you using in this episode’s 401k case study?

@janettemartel9643 Год назад

My 401k has .01% per year plus $24 per year plus expense ratio for annual costs. What about RMDs?

@bobby_ewan 4 года назад

A ton of unknowns. For example current mortgage interest rate. I would not pay off the house. Needs to do some shifting to tax free bucket over the next 6 years in order to get his SS benefits tax free. Right now his provisional income will be too high. I’d do mix of self directed IRA into a passive real estate investment (land banking) and index annuity with no fees. New contributions into an IUL. We could get him $150k per year tax free and risk free no problem. I agree stay out of the stock market casino and the 4% safe withdraw rate is to low. Match isn’t worth it.

@nicholaslease9009 4 года назад

It isn’t 100% related but what if he were to take the $19k in contribution pay the tax reducing to worst case $13k which is invested in only high quality companies with high dividend yield and a great track record of paying a dividend. If he DRIPs the dividend while contributing he will amass more shares and therefore when cash is needed will have more cash flow. The dividends would, most likely, be qualified and therefore be taxed at a lower rate. It’s not a perfect but could be a reasonable option.

@stevefernandez661 4 года назад

I just read your article in Forbes about paying your property off sooner, what the real sad fact is that we need to learn these type of things off of a news article or on our own kids go to school for 12 years and don't learn anything about finances a lot of the jargon is like Greek to them and it's really sad our school system is failing our children cuz it's all about going to school to make better money we go to work to make money and all these kids coming out of school are in debt don't have basic job skills and it's a sad fact it's all Theory and no hands on. I remember coming out of that Junior High you can have home economics shop class Woodshop you have your driver's license by the time you were in highschool too. The way we treat our children now is like infants like they're all retarded and then they coming out of college retarded..

@johna9994 3 года назад

One thing I’m confused about is why does the match loss value the higher the balance is? Let’s say my 401K match’s 100% up to 3% every pay check I put in $50 and my job puts in $50. I’m in a plane target fund that’s price at 50. So I now have 1 share that I bought and one my company bought. A year later that fund is at $75, now I have $150. how did I loss value on the match?

@luminthal4968

The company i work for changed their 401k plan a couple years ago. The old plan was 3% match with pension. The new plan got rid of the pension and now has a 8% match