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Retirement Planning

How Do Your Retirement Savings Compare To The US Average [Video]

IRA and 401(k) balances built by U.S. savers ranged from a paltry average of $9,500 for Generation Z as of June 30, up to $512,500 for members of the Silent Generation, who are older siblings and parents of Baby Boomers, according to Fidelity Investments.Investor’s Business Daily has been helping people invest smarter results by providing exclusive stock lists, investing data, stock market research, education and the latest financial and business news to help investors make more money in the stock market.Learn more. Get more IBD by subscribing to our channel.Like us on Facebook https://facebook.com/investorsbusinessdailyFollow us on Twitter https://twitter.com/IBDinvestorsFollow us on Instagram https://www.instagram.com/investorsbusinessdailyFollow us on StockTwits http://stocktwits.com/InvestorsBusinessDaily

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Retirement Planning

Risk involved in Stock Market | Types of Risk | Systematic Risk Vs Unsystematic Risk|Risk Management [Video]

Risk is an indispensable part of the Investment journey. So managing risk is more important than focusing on returns. Today we are going to talk about the risks in the stock market and how to manage the risks while investing in various asset classes – Systematic Risk vs Unsystematic RiskIf you like our content then please make sure to like the video and also not forget to subscribe to our Youtube Channel.Follow us on Instagram – https://bit.ly/finfriend#riskmanagement #typesofrisk #systematicrisk #unsystematicrisk #finfriend

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Retirement Planning

Blog: IRA Terms to Know [Video]

IRAs, or Individual Retirement Arrangements, provide tax incentives for people to make investments that can provide financial security for their retirement. To help people better understand this type of retirement savings account, heres a basic overview of terms to know: Contribution.The money that someone puts into their IRA. There are annual limits to contributions depending []

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Retirement Planning

Don’t Drop the Bag…..Start This! #theintentionalmillionaire #rothira #millionaire [Video]

Don’t Drop the Bag…..Start This! Named after the senator who championed the plan, a Roth IRA is a type of Individual Retirement Account (IRA) that helps you save for retirement with certain tax benefits. Those tax advantages are one of the key things that differentiates retirement accounts from regular investment accounts and makes them such a powerful tool for building wealth.(1) TD Ameritrade – https://www.tdameritrade.com/why-td-ameritrade.html?adch=aff&CID=CJ2929746&cjevent=7d1357d7360f11ec839d60540a82b82a&dclid=CIOegruV5_MCFSjPKAUdZOwH8w(2) Fidelity Investment – https://www.fidelity.com/go/special-offer?ransiteid=SWlnSnn6x54&immid=100835&imm_pid=316853469&imm_aid=a509382230&dfid=&buf=99999999&dclid=CI2p07GW5_MCFXfblAkd1isKvw(3) E*Trade – https://us.etrade.com/what-we-offer/how-it-works/promo?ch_id=A&s_id=NerdWallet(4) Vanguard – https://investor.vanguard.com/ira/roth-ira(5) Charles Schwab – https://www.schwab.com/ira?src=SEM&ef_id=CjwKCAjwq9mLBhB2EiwAuYdMtayMy3xjUFvkeaw_9uZF1mqQRIjgkcyY0VkCbMeXISfqeR5qqAxT0hoCms8QAvD_BwE:G:s&s_kwcid=AL!5158!3!475682695633!e!!g!!charles%20schwab%20roth%20ira!11097055148!114636040200&keywordid=kwd-298894655001&gclid=CjwKCAjwq9mLBhB2EiwAuYdMtayMy3xjUFvkeaw_9uZF1mqQRIjgkcyY0VkCbMeXISfqeR5qqAxT0hoCms8QAvD_BwECASHAPP:Want to buy The Intentional Millionaire alkaline water?!https://cash.app/$theintentmillionaireEmail: theintentionalmillionaire@gmail.comDISCLAIMER NOTICE:Disclaimer: Everything here is for informational purposes only and not for the purpose of providing financial, tax advice or any life changes. You should contact a licensed professional to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form any client relationship.#theintentionalmillionaire #networth #millionaire

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Retirement Planning

What Is The Problem for Million Dollar IRA Owners? Part 2 [Video]

In this video, Jim Lange further discusses the main financial problem facing Million Dollar Plus IRA and Retirement Plan Owners in regards new taxes, including the SECURE Act. Go to https://paytaxeslater.com/webinars to register for Jim’s upcoming FREE retirement virtual events!For more information go to https://paytaxeslater.com/ and join our mailing list to get regular beneficial information to aid in your retirement.

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Retirement Planning

Roth Conversions in Retirement – Watch Out! [Video]

Be careful doing Roth Conversions in retirement, it may cause you to pay more for medicare. Have a question for the show? Call or text 574-222-2000 or leave a comment!Want to speak with a Certified Financial Planner™? Visit https://www.korhorn.com/ or call 574-247-5898. LINKS: https://www.medicare.gov/your-medicare-costs/part-b-costshttps://www.ssa.gov/forms/ssa-44-ext.pdfFind more information about the Wise Money Show™ at https://www.korhorn.com/wise-money-showBe sure to stay up to date by following us! Facebook – https://www.facebook.com/WiseMoneyShow ​Twitter – https://twitter.com/WiseMoneyShow ​Instagram – https://www.instagram.com/wisemoneysh…​Want more Wise Money™? Read our blog! https://www.korhorn.com/wise-money-blog ​Listen on Podcast: https://link.chtbl.com/WiseMoney ​Subscribe on YouTube: http://www.youtube.com/c/WiseMoneyShowMike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

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Retirement Planning

How to Track Your Retirement Accounts: TFSA & RRSP / IRA & ROTH IRA (Easy Excel Tutorial) [Video]

This is Part Two of my videos series showing you how to set up an personal finance spreadsheet in Excel similar to the one I use.In this video, I show you how to set up a tab to track your registered (tax-sheltered) retirement accounts: TFSA & RRSP in Canada, ROTH IRA & Traditional IRA in the U.S., etc. This will include tracking the following:- Each contribution and withdrawal in these accounts- Your remaining contribution room for each year- Your all-time gains as dollars and percentages- An easy-to-read bar chart showing how close you are to maxing out your retirement accountsEnjoy! Part One of the series: https://youtu.be/i3KiELf_v0sPart Three is coming soon.00:00 What is this video?00:57 My TFSA & RRSP spreadsheet explained11:39 Tutorial: Setting up the TFSA/RRSP tracker (Roth IRA / Traditional IRA)23:55 Tutorial: Tracking combined Stats of retirement accounts29:17 Tutorial: Bar chart to track your progress maxing out retirement accountIf you want to start investing in index funds using Wealthsimple, like I do, sign up using this referral code and we’ll both get a Free $10 to trade!https://my.wealthsimple.com/app/publi…My video equipment used for this video (affiliate links):Camera: https://amzn.to/3jb4baS35mm lens: https://amzn.to/2VjpZJx20mm lens: https://amzn.to/3loW3GvMicrophone: https://amzn.to/3lkT93JRGB Lights: https://amzn.to/3Ee0GKiKey light: https://amzn.to/3963F9iKey light stand: https://amzn.to/2XaMQYqKey light softbox: https://amzn.to/2YQNriL

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Retirement Planning

Your Course To Retirement: Cornerstone Retirement Partners – CFP® Ron Courser [Video]

10 STEPS TO PREPARE FOR RETIREMENT: – Strategize on Social Security – Run a full analysis to see if there are ways to make more from your benefits. Be sure to give careful consideration to options for timing and survivorship of Social Security and defined benefit pensions. Coordinate benefits to maximize lifetime income. Tune in as Ron Courser walks you through the steps to help you better prepare for retirement.Financial EducationFind out more information about Cornerstone Retirement Partners, request a consultations, or download the resources mentioned in today’s episode by visiting www.cornerstone-rp.comDisclosure:Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM), a Registered Investment Advisor. BCM and Cornerstone Retirement Partners are independent of each other.

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Retirement Planning

Can I buy Gold with my IRA – Satori Traders [Video]

Click this link to get a free Gold IRA Kit https://satoritraders.com/goldco Discover how American investors are safeguarding and securing their retirement savings with physical Precious metalshttps://satori-traders.business.sitehttps://g.page/SatoriTraders?sharehttps://satoritraders.com/precious-metals/gold/ira/convert~Most of the things we need and want in life cost more today than they did when the Dollar was backed by GoldFoodRentthe Median price of a housenew Cars and TrucksEvery day, Americans are suffering the effects of unrestrained money printing and it is only getting worseSo what’s the solution?How can Americans protect and secure their retirement savings from this ongoing loss of purchasing power?~Physical Gold IRA—————————–The Taxpayer Relief Act of 1997 allows investors to hold physical Gold, Silver, and other Precious metals inside individual tax preferred retirement accounts (IRAs). Self-directed IRAs provide tax-preferred ownership for real estate and Precious metals, while traditional IRAs are limited to Stocks, Bonds, and mutual funds. In a self-directed IRA a third-party Custodian holds physical Gold in the investor’s name. This is the same as a traditional retirement account where securities are held by the broker-dealer in the investor’s name. IRA-approved Precious metals include Gold, Silver, Platinum, and Palladium. Two general categories of metal are IRS-accepted: • Coins minted by national Governments • 99.95% or higher Bullion bars and Coins Collectible Coins and Numismatics are not allowed.Home storage Gold IRA————————————–The Precious metals held in a self-directed IRA must be held by a third-party Custodian in order to satisfy the IRS.In a home storage Gold Coin IRA (also referred to as a Checkbook IRA) the investor forms an LLC or other legal entity to act as the Custodian and hold the Precious metals.While this structure complies with IRS requirements, it entails at least two risks.First, the IRS has numerous requirements that a Custodian must meet. The IRA could be deemed invalid if any of these requirements aren’t met. Second, assets can only be moved in and out of the IRA via proper contributions and withdrawals. Because the IRA is stored at home it is tempting to add or subtract physical metal without performing the proper paperwork. Sloppy bookkeeping or a violation of the rules for managing the IRA’s assets could cause the IRS to deem the IRA invalid.And remember that failures to comply with the Checkbook IRA regulations would most likely come out in an audit when it would be too late to fix the issue.If the IRS declares that the home storage Gold IRA is invalid they could assess penalties, back taxes, and interest for all of the years when the IRA was out of compliance.Gold IRA tax rules—————————–Here are the key Gold IRA tax rules to keep in mind:• When funds are transferred from an existing IRA to a Precious metals IRA, the transaction must be completed within 60 days• Only IRS-approved metals can be held in the IRA – Silver, Gold, Platinum, and Palladium • Distributions from the IRA can be taken in cash or physical metal• Precious metals held inside an IRA are NOT subject to the automatic 28% tax rate for collectibles• Capital gains are NOT taxed as gains on collectible items• Distributions from the Gold IRA are treated as ordinary income at the Investor’s tax rate• Investors are allowed to have more than one IRA open – opening a Gold IRA doesn’t affect existing retirement savings accountsGold IRA fees———————-Buying Gold in an IRA involves more fees than an investor pays for a Traditional IRA.Besides the typical account setup and management fees, a Gold IRA will have a fee for storing the physical metal held in the account.Typically the annual storage fee will be less than $200.Another fee which is unique to Precious metals IRAs is the commission paid to a broker for buying and selling the investor’s metal.Some companies waive account setup fees and buying commissions as part of their promotional offer.The selling commissions can be avoided by taking distributions in physical metal instead of cash.Gold IRA reviews———————–Trust is the main consideration for selecting a Precious metals IRA company to deal withYou need to feel comfortable with the company and their CustodianSeeing what actual customers are saying online can provide valuable insight into a company and how they do businessCheck these resources for authentic Precious metals IRA reviews Better Business Bureau (BBB) Consumer Affairs Google Reviews TrustLink Trustpilot

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Retirement Planning

66 Years Old, $3 Million + Pension – When to Take Social Security [Video]

Rick has plenty of retirement assets but he still need some retirement and estate planning. In this video we’ll discuss how to hold assets and how to pass assets on through estate planningMy Books:: 1. The Power of a Tribe: https://www.amazon.com/dp/B096TWBDM3/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1623414076&sr=8-1 2. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer https://amzn.to/2WphaLS3. Tall Grass – My Journey to Discover Myself https://amzn.to/3AooSasSupport Children’s of Alabama: https://secure2.convio.net/coa/site/Donation2;jsessionid=00000000.app260a?idb=1326452675&2683.donation=form1&DONATION_LEVEL_ID_SELECTED=1&df_id=2683&mfc_pref=T&NONCE_TOKEN=8EC977828AF9F0075A041659B9E7FBD9&idb=0 This is a Link to: Retirement “Do We Have Enough?’ Excel Spreadsheet https://docs.google.com/spreadsheets/d/1eJc0wQWhgeXJ7M52UcrrXjLaELbTLuMZHZGY_JpfyRY/edit?usp=sharingProtect your computer from cyber hacking:Get Surfshark VPN at https://surfshark.deals/INVESTORS and enter promo code INVESTORS for 83% off and 3 extra months for free! Follow Me: Facebook: https://www.facebook.com/BestofUSLLC/Instagram: https://www.instagram.com/bestofusinvestors/Twitter: https://twitter.com/BestOfUsInvestHelp Kerry and Nita win the race against Childhood Cancer and keep their daughter Shay’s memory alive. Your support makes a direct impact in the fight against Pediatric Cancer at Children’s of Alabama by helping advance research in finding a cure for cancer. http://give.childrensal.org/bestofusAbout Me: I am a retired financial planner, sold my business in 2005 and travelled the world. In December 2014 Nita and I lost our daughter Shannon to cancer and I became an angry old man. Nita told me to find something to do or find somewhere else to live.In November 2019 I settled into this YouTube channel, a place where I can share my knowledge with people that want to hear my voice; where I can feel I have a purpose in life. I am no longer angry and I owe that to you. Now I’m building a $25 million digital business, come join me on this adventure.Thank you for what you, my viewers, give me every day.The Anti-Aging Supplement that I take: 4 Pack NMN Capsules with Maximum Strength- 500mg- High Absorption Nicotinamide Mononucleotide Supplement- Supports Brain Function & Anti Agingby NMN MAX https://amzn.to/3aG4QNeLearned about NMN in book Lifespan by David Sinclair, https://amzn.to/3qVPPhXFITBIT Versa 3 Health and Fitness Smartwatch:https://www.amazon.com/gp/product/B08DFPV5Y2/ref=as_li_tl?ie=UTF8&camp=1789&creative=9325&creativeASIN=B08DFPV5Y2&linkCode=as2&tag=bestofushomes-20&linkId=14033c1ca7e70a49f26987cac2b3d2b1RECOMMENDED BOOKS (Affiliate Links)1. The Accidental Super Power by Peter Zeihan: https://amzn.to/3dEl9tL2. The Big Nine by Amy Webb: https://amzn.to/2yOJmPe3. Supercharge Your Real Estate Sales by Kerry: https://amzn.to/2WqsUh94. Digital Transformation, Survive and Thrive in an Era of Mass Extinction by Thomas M Siebel: https://amzn.to/3bqSjvx5. DisUnited Nations, The Scramble for Power in an Ungoverned World by Peter Zeihan: https://amzn.to/2yFCpQJ 6. The Future is Faster Than You Think By Peter Diamandis and Steven Kotler https://amzn.to/2LnHu2K7. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer https://amzn.to/2WphaLS8. A Crack in Creation, by Jennifer Doudna and Samuel Sternberg https://amzn.to/3qN2JhI9. A Generation of Sociopaths, by Bruce Cannon Gibney https://amzn.to/3amkNIc10. The Industries of The Future, by Alec Ross: https://amzn.to/30eP3QB

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Retirement Planning

Don’t Miss This One – Qualified Plans 401Ks IRAs – Nothing But Thieves [Video]

*****Please hit the “LIKE” button….this helps more people get a chance to see this information. Thank you!!!*****Also, please “Subscribe” and “Ring the Bell” to support the creation of more of this type of content in the future.Nothing But Thieves is an exaggeration of course, though they are great band!!! :)Here’s the promised Frank Giustra article: https://frankgiustra.com/posts/were-in-a-massive-market-bubble-when-it-pops-a-lot-of-investors-will-get-wiped-out/Let’s Talk – http://tiny.cc/infinitebanking