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Lies You've Been Told About Saving For Retirement (401k, IRA, House)
 
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Be a part of Engineered Truth Mastermind (no. 1) | Jul 25th - 29th 2018 http://engineeredtruth.com/mastermind (Only 10 spots available) Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar You've been told to put money in a 401k, but do you know the average return? What's the difference between a 401k, IRA, and trading stocks? Is a home a better investment than 401k or IRA? Article that agrees that in real life, you'll get about a 5% return on 401k's http://www.interest.com/401k/news/kin... James Altucher says that you shouldn't buy a house at all: http://www.jamesaltucher.com/2011/03/... The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineered... ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 316557 ENGINEERED TRUTH
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 9443300 LastWeekTonight
RETIREMENT IS A SCAM!? (The TRUTH About Traditional Retirement Accounts)
 
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Matthew Pillmore is joined by Nick Fortune to show the math behind a traditional retirement account (like a 401k) and just how much of YOUR MONEY is being taken from you in taxes. You may be thinking that these accounts were tax free... Not even close! After you see today's episode you may even think of these retirement accounts as a total scam - the numbers just don't lie. You've been taught that in order to retire you need traditional retirement accounts to do so. Options like a 401k are pushed onto you by the company you work for and just seem to be the best path to retirement. What you haven't been taught is just how much the government makes off of you when you have these accounts. Don't forget to sign up TODAY for your exclusive one on one consultation at: http://www.FreeCoachingCalendar.com Our coaching costs can change with demand. To see our current pricing please watch this video: https://www.youtube.com/watch?v=HbVLmCvFjoI If you are interested in learning more or getting in touch with Nick, please e-mail us! EMAIL: ContactUs@VIPFinancialEducation.com SUBJECT: I.B.C. INCLUDE: Contact Information / Direct Phone Number Check out this video if you want to dig deeper into the infinite banking concept: https://www.youtube.com/watch?v=5R0t3MbiUPY Recent videos with Nick Fortune: https://www.youtube.com/watch?v=8Mv_k11Uzx4 https://www.youtube.com/watch?v=KqGOWdVg_60 https://www.youtube.com/watch?v=KKZJI3fSBis https://www.youtube.com/watch?v=Hl8R2Kvnqcc Want more actionable financial tips and tricks like this one? Check out our YouTube channel here https://www.youtube.com/channel/UC45hHuqWfdi7TIZg0RDG9_g Make sure to check out our social channels for more insight and industry news! Facebook - https://www.facebook.com/VIPFinancialEducation/ Twitter - https://twitter.com/VIPFinancialEd LinkedIn - https://www.linkedin.com/in/vipfinancialed/ BBB A+ Rating - https://www.bbb.org/denver/business-reviews/financial-services/vip-enterprises-llc-in-westminster-co-90024254/ Complimentary Services and Products mentioned in our videos are available for a limited time only and are not guaranteed at the viewing of this video. VIP Financial Education provides resources for educational purposes only. Our education is not a substitute for Legal, Tax, or Financial advice and results vary. VIP Financial Education encourages viewers to do their homework before taking any financial action. VIP Enterprises, LLC may from time to time earn commissions by recommending various products, services, and programs.
Views: 10405 VIPFinancialEd
Delaying retirement: Many struggle to save, fail to plan
 
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"Savings? There is no savings! Get real," Stephanie Tucker, 66, said to me last week over breakfast at the Pop 'N Sons Diner on North Dale Mabry in Tampa. ◂ The ABC Action News app brings you the latest trusted news and information. ABC Action News is Taking Action For You with leading local news coverage, "Certified Most Accurate" weather forecasts, and award-winning I-Team investigations. ABC Action News, WFTS, covers local news in Tampa Bay and Florida. iPhone: http://bit.ly/http://bit.ly/iOS-wfts Android: http://bit.ly/abcaction-android
Views: 12500 ABC Action News
702 J Retirement Plan Scam
 
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What are 702 j retirement plans – What is a 702 j retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of 702 j retirement plans for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a 702 j retirement plan. 702 j retirement plan: The New Qualified Retirement Plan Did you know that permanent life insurance is considered the new qualified retirement plan? I didn't either until I came across a revolutionary product. Let me share some facts about traditional qualified retirement plans and how they compare to a properly structured permanent life insurance policy. A qualified retirement plan according to the IRS includes 401K, individual retirement accounts (IRAs), pension plans and annuities. While the structures of these plans are good, they are not the best. Here are some known facts about retirement plans: Retirement plan savings are accumulated tax deferred. Although the money is tax deferred, have you ever thought about what tax bracket you will be in when you retire? More than likely it will be the same bracket you are currently in or a higher bracket because of the amount of money you will need to withdraw monthly to maintain your lifestyle. Who wants to pay more taxes when they retire? Not me. Retirement plans have a maximum contribution amount per year. Now let's be clear that I am only speaking about retirement plans that you as the owner can contribute to. There are plans such as pensions and defined benefit plans that only an employer can make the contribution to. A 401K has a $17,000 and individual retirement accounts (IRA) have a maximum $5,000 contribution limit per year. What if you want to save more? Retirement plans have required minimum distribution age. The Uncle Sam, wanting to keep his hand in your pockets as usual, requires that you must start making withdrawals from your retirement plan by age 70 ½, unless it is a Roth IRA. Whether you need the money or not Uncle Sam forces you to receive regular distributions based on a calculation they came up with AND you have to pay taxes on it. Retirement plans cost you early withdrawals fees and penalties. Now suppose you need the money before you turn 59 ½, do you think you can take what you want with no problem? Nope. If you make a withdrawal before you are 59 ½ you will not only have to pay tax, but also a 10% penalty fee. But isn't it your money? Now let's compare these same benefits of retirement plans to a permanent life insurance policy. Permanent life insurance policies include a cash value account. This account is, in simple terms, a savings account that can be used as a retirement account. Did you know that IRS code 7702 states that you can use a retirement account as a supplement retirement account? It is truly an amazing thing. Let's compare. Life insurance cash accounts are accumulated tax-free. That's right tax free. Since you pay your life insurance premium after tax, the monies allocated to your cash account are after tax. This means that if and when you decide to pull funds out of your account, you will not have to report them to the Uncle Sam. Life insurance cash accounts have a higher maximum contribution limit. I would love to tell you that you can shelter any amount of money you want in a life insurance policy but that is no longer the case. At one point in time you in fact could do this but over the years the rules have changed. However, the great thing about this limit is that it is based on the size of your policy and how much you contribute above your premium every year. As a result, this limit can be higher than the $17,000 maximum 401K limit. Life insurance cash accounts can be withdrawn at any time. The cash accumulated in a life insurance contract can be taken out at anytime. The key is to withdraw these funds as a loan and not as a basic withdrawal. Why you ask? As a withdrawal, there is a possibility that you will have to pay taxes on the interest earned in that account. But with a loan you will not have to pay any tax. In fact you won't even have to pay the loan back. As long as the policy is current, the loan balance will remain. In the event that the funds have to be distributed to the beneficiary, the loan balance will be deducted from the payout amount. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: 702 j retirement plan annuities 702 j retirement plan income 702 j retirement plan explained 702 j retirement plan reviews 702 j retirement plan review What is the best fixed indexed 702 j retirement plan vs the top immediate income 702 j retirement plan
Views: 4857 Beverly Ketchum
Saving for Retirement - Grant Cardone
 
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Subscribe and Comment to win a chance at getting a private financial planning for retirement session with Grant Cardone Cardone Zone: Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you’ve never been taught to make money, being taught to save money is kind of stupid. You’ve been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don’t know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who’s got your money? You need to make so much money that you can’t spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don’t stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income. To Learn more about growing your finances, get your FREE Millionaire Booklet here: http://millionairebooklet.com/free ---- ►Where to follow and listen to Uncle G: Instagram: https://www.instagram.com/grantcardone Facebook: https://www.facebook.com/grantcardonefan SnapChat:  https://www.snapchat.com/add/grantcardone. Twitter: https://twitter.com/GrantCardone Website: http://www.grantcardonetv.com Products: http://www.grantcardone.com LinkedIn: https://www.linkedin.com/in/grantcardone/ iTunes: https://itunes.apple.com/us/podcast/cardone-zone/id825614458 ---- Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and… ► Subscribe to My Channel: https://www.youtube.com/user/GrantCardone?sub_confirmation=1 -- Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance.  His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters.
Views: 15994 Grant Cardone
I've Been Investing $1,000 A Month Into Whole Life Insurance
 
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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 61725 The Dave Ramsey Show
Is the 401k a scam? Yes and no, let me explain
 
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The Dr Boyce Watkins Channel is an all-black news and commentary channel that features a number of African American thinkers, commentators and speakers. The views of each video are not necessarily representative of those of Dr Boyce Watkins himself. You can follow Dr Watkins at the links below: Instagram: @TheRealBoyceWatkins Twitter: @DrBoyceWatkins1 Via Text: Text the word Boyce to 31996 Youtube: Youtube.com/DrBoyceWatkins To learn how to start your own business: TheBlackBusinessSchool.com Personal website: BoyceWatkins.com The Dr Boyce Watkins Wealth-building program for children: BlackMillionairesOfTomorrow.com To take my online course: TheBlackWealthBootcamp.com The Dr Boyce Watkins podcast on Soundcloud: https://soundcloud.com/boyce-watkins The Dr Boyce Watkins Black Economic Empowerment Tour: TheDrboyceWatkinsTour.com
Views: 52329 Your Black World
Thrift Savings Plan (TSP) WHY the Retirement Default Annuity is BAD MUST SEE!!!!
 
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Don't make a HUGE mistake choosing the TSP Default Annuity. There are many things to know that no one is going to tell you. These mistakes can cost you thousands. Protect yourself, your money, your family, and your future. (630) 834-3794 www.retire.vpweb.com
Views: 5475 Christopher O'Malley
Why You Shouldn't Save for Retirement
 
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Very real and compelling reasons why people, especially youth, should not save for retirement. An important economics lesson for everyone who is not informed about 401k's, IRA's and 403b's. For more specific advice visit: www.assholeconsulting.com
Views: 73164 AaronClarey
Should You Invest in Your Crappy 401(k) Plan?
 
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We don't have very much experience with 401k's, but Lauren's work just set one up. I was amazed how horrible our options were. Most funds had a front end load of 5% and the manager wanted 1% of our wealth per year for his "advice." Unfortunately, despite the lack of options 401(k)'s are usually worth it. Between a company match and tax advantages you'll probably recover a lot of those fees. It's just a shame we have to pick the lesser of two evils. Links: Should You Avoid Your Company's 401k (Jim Collins) - http://goo.gl/SOiCRI How to Campaign for a Better Plan - https://goo.gl/JnJZF7 Funds Can't Beat the Market - http://goo.gl/QdplTr Jack Bogle on Fees - https://goo.gl/FVz03k Sign up for monthly income, expenses, and net worth reports! http://newsletter.mikeandlauren.com Help us make these videos: https://www.patreon.com/mikeandlauren Twitter - https://twitter.com/mikeandlauren Instagram - https://instagram.com/lauren_moyer/ Facebook - https://www.facebook.com/mikeandlaurentv Check out our blog: http://www.mikeandlauren.com
Views: 31565 Mike and Lauren
Why 401k Savers Don't Have Enough to Retire
 
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Visit my website at http://www.dscottlofthouse.com/. This video is based on a report I found on ETCNBC.com titled, "Why 401k Savers Don't Have Enough to Retire," dated October 30, 2013. You can find the report here: http://www.cnbc.com/2013/10/29/why-401k-savers-dont-have-enough-to-retire.html Believe me, I know. I was in the same boat (I had nearly half a million saved in my 401k/457 accounts and it wasn't enough). Click this link to get my eBook, "The Online Sales Machine" and discover the solution that I discovered. It will change your life. http://myonlinesalesmachine.com/dscottlofthouse/ Why 401(k) savers don't have enough to retire Sharon Epperson | @sharon_epperson Wednesday, 30 Oct 2013 | 6:00 AM ETCNBC.com American workers stash over $300 billion a year into 401(k) accounts and other employer-sponsored retirement plans, if you include employers' matching contributions. This may sound like a lot of money, but it still may not be enough for many Americans to be able to retire. Many workers say they would like to put more money into their 401(k) plans but simply don't have enough left after paying everyday expenses to do it. That's the new reality. Most Americans with 401(k) and other defined contribution plans are accumulating debt faster than they're saving for retirement, according to a new report from the financial services website HelloWallet. The amount that retirement plan participants spent to pay down debts has risen nearly 70 percent in the last 20 years, the study found. Many workers say they are unable to contribute as much as they would like to their 401(k) plan because they have more expenses and less income than they had in the past. The problem is most pronounced for those closest to retirement. Half of retirement plan savers 50 to 65 are accruing debt faster than they're building up their savings, according to the HelloWallet study. They're spending an average of 22 percent of their income paying down debt. "It's remarkable," says HelloWallet CEO Matt Fellowes. "You'd expect most people at that point to be deleveraging: paying off their mortgage, paying back their student loans or have already paid off their student loans, and not having difficulty paying off credit card debt. But in fact those are the households that are most likely to be building up debt faster than retirement savings." The result is that these older workers have only about two years of retirement income saved. Yet Americans are living longer and will typically need about 17 years worth of retirement income after age 65. So what are some debt-busting strategies to ensure you can retire and won't outlive your money? Increase retirement savings contributions Increasing your retirement plan contributions is certainly an important step in building assets. Putting an additional 1 percent of pay into your 401(k) or employer-sponsored retirement account every year can make a big difference. At least contribute enough to receive the employer's matching contribution. You can put up to $17,500 in a 401(k), 403(b) and most 457 plans this year, and an additional $5,500 if you're 50 or older. Stash the maximum amount into your IRA, too—up to $5,500 in 2013 or $6,500 for those 50 and over. If you reach the contribution limits on these accounts and are still behind in your savings, financial advisors suggest putting money in taxable accounts earmarked for retirement as well. Determine your net worth Even if you're maxing out your retirement plan contributions, it may not be enough. Advisors say it's crucial to pay attention to other side of the ledger. "Take a look not only at your savings rate for retirement but at your net worth statement, your balance sheet," says Sheryl Garrett, a certified financial planner in Eureka Springs, Ark., and a member of the CNBC Digital Financial Advisor Council. An important question to always ask: "How much do you owe versus how much you own?" Make sure the answer is always heading you in the right direction, says Garrett, founder of Garrett Planning Network, a national network of over 300 of hourly based, fee-only financial planners. Make a budget and stick to it Fellowes says about 85 percent of Americans don't adhere to a regular budget. Free online tools at Mint.com, BudgetTracker.com and Budgetpulse.com can help you, so you can start paring debt. But you don't necessarily need financial services software or mobile apps to manage your money. "It can be as simple as pencil to paper," Garrett said. "The main thing is to focus on making contributions [to savings] as well as how much money is going out." Reduce expenses to manage cash flow Finally, as you focus on managing your cash flow, consider taxes, savings, rent and mortgage, and other committed expenses, including debt obligations. And take a hard look at your lifestyle, Garrett said. You may need to reduce many expenses now to ultimately reach your retirement goal.
How To Declutter Your Retirement Savings | Retirement Tips | Forbes
 
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If you have numerous retirement accounts from previous employers, here's what to do. Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbesvideo Forbes Video on Instagram: http://instagram.com/forbesvideo More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Views: 1198 Forbes
Investments in Mutual Funds and Retirement Plans has NO INSURANCE for LOSSES
 
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Mutual funds are a great way to make money—if you sell them to others. In this video, Robert and the Rich Dad Team debunk the myth that investing for the long term in a diversified portfolio of stocks, bonds, and mutual funds is actually diversifying. Robert teaches that by investing in paper assets you have no control and the worst tax breaks. --- CA2020 International Business Community provides the Right Financial Education based on the Principles of Robert Kiyosaki. If you want to be Financially Educated and be protected against Financial Risk and Disaster, you can attend the following events: Wealth Course Seminar http://financiallyfreefilipinos.blogspot.com/2010/07/seminar-on-how-to-have-millionaire.html Cashflow 101 Gathering Workshops http://financiallyfreefilipinos.blogspot.com/2010/07/cashflow-101-gathering-workshop.html Wellness Business Gathering http://financiallyfreefilipinos.blogspot.com/2010/08/what-is-perfect-business.html
Views: 40212 RobertKiyosakifans
TSP Retirement Plan Scam
 
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What are tsp retirement plans – What is a tsp retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of tsp retirement plans for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to set up a tsp retirement plan. Managing Your TSP Retirement Managing a retirement account is often the last thing anyone thinks of doing. And for those with a government TSP (Thrift Savings Plan) it is probably even further down the list. Although a TSP only contains five funds from which to choose, this very factor makes managing the account even more important. WHY, because there is less wiggle room. The opportunity for success is equally as dramatic as that of losing it all. A middle ground would be to divide your retirement money into each of the TSP funds equally. You won't seem dramatic growth, but you could end up with steady upward steps that should at least beat inflation. The challenge with such a basic diversified plan is that you may not generate enough money to live upon when you reach retirement. Since you are limited to no more than two trades per month in your TSP account, managing your retirement means: TSP funds are private and not traded on the regular stock market exchanges. This means you need to watch funds or ETFs that closely resemble your TSP funds. Once you know which symbols to watch, or you look at the performance via your TSP login, you can adjust your holdings to meet your objectives. You can focus on growth or safety or by diversifying amongst the funds you can weight your holdings towards your preference of growth or security. Various charting software, even free online software, can give you an indication of what is happening with each of your funds. Investment software based on technical analysis can take the basic information a step or two further and in seconds provide recommendations based not just on the movement of your funds but how they compare to each other and even to the stock market as a whole. This type analysis, dubbed relative strength, can lead you to the best performers at the current time and also tell you when to sell or switch funds. Selling, many investors forget, is the only way you actually make money. You have no gain, no profit, except on paper until you sell a fund. Switching from one fund into another locks in the profit gained from the first fund while giving you the opportunity to grow your money further with the fund that is now moving ahead with greater relative strength. Or, you may simply want to sell from the more 'growth' fund and transfer part or all of the money into a more stable but inflation beating fund to secure that money for the future. Regardless of how you go about handling your TSP retirement account, simply doing nothing and let it rest in the default fund will barely keep your money even with inflation (kind of like stuffing it in a coffee can for a future date) when prices for everything, yes everything will be higher. Taking a few minutes a week or a month can mean the difference between enjoying retirement or being stressed out with every bill that comes in the mail. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: tsp retirement plan annuities tsp retirement plan income tsp retirement plan explained tsp retirement plan reviews tsp retirement plan review What is the best fixed indexed tsp retirement plan for retirement vs the top immediate income tsp retirement plan
Views: 67 Beverly Ketchum
NEWEST RETIREMENT PLAN - WORK FROM HOME. - NOT A SCAM!
 
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I'M A RETIRED DISABLED VETERAN WITH OVER 26 YEARS OF HONORABLE SERVICE. I WILL PRESENT TO YOU SOMETHING THAT WITHIN 3 WEEKS OF JOINING (Jan, 2017), I WAS ACTUALLY EARNING MORE INCOME FROM IMARKETS LIVE "PART TIME," THAN I WAS RECEIVING FROM MY MILITARY RETIREMENT & DISABILITY MONTHLY PAY! THIS IS "NOT" A SCAM MY FRIEND. THIS IS SOMETHING I'VE ACTUALLY FOUND THAT TRULY WORKS. IF INTERESTED IN LEARNING MORE, PLEASE CHECK OUT THE FOLLOWING LINKS BELOW. THANK YOU AND LET'S GO TO GROW! Witness how you can capitalize and dominate one of the LARGEST industries out there in the world today, known as FOREIGN EXCHANGE or FOREX! WHAT'S YOUR INTEREST IN 2018? ✅ Get out of DEBT ✅ Have more MONEY ✅ Take VACATIONS ✅ Save on CHILD CARE ✅ Have more FREEDOM ✅ Want to fire your JOB ✅ RETIRE your PARENTS It's time to end this year financially, BETTER THAN IT STARTED! No scam. No get rich quick scheme. All real with real results. Mr. Jim Rohn said, "Money isn't everything, but it's right up there with BREATHING." 🚨Learn how to generate full time executive income for part time work, all in your spare time from the comforts of your home, cellphone, tablet, or computer. FOREX (Foreign Exchange/FX) trades at around about $5.7 TRILLION DOLLAR A DAY. We're average people making above average income while we LEARN to EARN. No special skills required, just have PASSION and DESIRE to end this year better than it started. 📋 HOW TO ENROLL IN IML Go to: www.brianestevens01.imarketslive.com Click on "Get Started" at the very top. Click on "Become A Customer". Fill out basic info. Click on 'Create Account'. Choose option for 'Platinum Package Plus' Complete setup process. Message me when you are done. 🎥 NEED VIDEO INSTRUCTIONS? 📲 https://youtu.be/Khm8qUOQn8k Dr. Brian Stevens. PhD International Lifestyle Expert FOREX Investor & Trader Author Featured twice in Fortune Magazine Featured in San Antonio Business Journal Connect with me: Twitter: @drleads4u Free Targeted LEADS: www.drleads4u.com Facebook: http://www.facebook.com/drbryan.stevens Email: brianstevenslifestyleexpert@gmail.com YouTube Blog: www.whatsupdocblog.com 24 Hour Recording: (210) 988-6002 IML 10 minute presentation: www.doctorforexmaster.com IML Full Presentation: www.imarketsliveopportunity.com IML Compensation Plan: www.imlcompplan.com
$5500 per year to tax-free Millionaire: Why you need a Roth IRA
 
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This is one of those things I wished I would’ve learned and had done when I was younger - open up a Roth IRA retirement account. And because it saves you from paying taxes on your earnings and profits later on, I’m all about it. So this is what a Roth IRA is and this is why it’s so important to have one! Click “SHOW MORE” to read my full thoughts. Also feel free to add me on Snapchat / Instagram: GPStephan So here’s what it is - and because this confused me when I was younger, I’ll break it down as simple as possible. A Roth IRA is a type of investment account that you can set up where you invest your money today - up to $5500 per year with no immediate tax deductions - and can pull out your profits and earnings tax free when you’re 59.5. That means you pay NO TAX on YEARS of compounded interest and earnings. Your tax free profits just makes you MORE tax free profits. And it snowballs into a LOT of money. This is best done when you’re young for a few reasons…the money you invest in a Roth IRA is done post tax, which means taxes are already taken out of the money that you earn at the time you invest it. So if you make $20,000 from a job, you might be left with only $17,000 after paying taxes…so this $17,000 is now “post tax” money. The reason is best when you’re young is that chances are, you’re not earning a ton of money compared to what you WILL be earning. When you’re earning a lot of money, it’s about reducing what you owe in taxes because the more money you make, the more money you’re generally taxed. When you’re not earning a lot of money, you’re already in a lower tax bracket, so it’s advantageous to take advantage of that and pay the taxes now to invest - because in the future, you’ll hopefully earn a lot more money. Especially if you’re 18-30 and not earning a lot of money, this is PERFECT for you. When you start earning more money, there are other accounts that might make more sense for your situation. So here’s what I would do: If you’re under the age of 18 and have a job that you’re making money with, you can ask your parents to open a Roth IRA account for you. From there, you contribute money you’re making from your job - keep in mind you cannot contribute more than you earn, so if you earn $1000 that year, you can only contribute $1000. If you’re over the age of 18, right after this video is done, just go online and sign up for a Roth IRA. I use Vanguard and they’re awesome, many people use Charles Schwab or Fidelity - just make sure the account has low fees. You can contribute up to $5500 of earned income every year - if you make too much money, you can look into doing a backdoor Roth IRA contribution. I recommend putting in as much as you can afford and forgetting about it. The advantage is that since there’s compounded interest, the sooner you put your money in, on average, the more you’ll have by the time you retire. Is this a boring investment strategy? Yes. But it’s effective. I recommend just doing this on the side with what you can afford, while continuing to invest elsewhere or investing in yourself. Just to give you some ideas, if you invest $1000 per year at 18 and retire at 60, you’ll have $264,000…of that, you only contributed $43,000 over 42 years, meaning you just made $221,000 of tax free money. If you invest $2000 per year at 18, same situation as above, you’ll have invested $86,000 and made $444,000 of tax free money. If you invest the maximum right now of $5500 per year at 18 years old, you’ll have invested $231,000 and made over $1,200,000 in tax free money. If you just do $5500 per year at 18 years old, you can retire a millionaire without doing anything else. This average figure includes inflation, by the way. I hope this video helps and that this sets you up for future financial independence. Add me on Snapchat: GPStephan Add me on Instagram: GPstephan For business inquiries, you can reach me at GrahamStephanBusiness@gmail.com Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq
Views: 342399 Graham Stephan
702 J Retirement Plan - 702 J Retirement Plan Review
 
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What are 702 j retirement plans – What is a 702 j retirement plan? 1-800-566-1002 http://www.RetireSharp.com . What are the best types of 702 j retirement plans for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to purchase a 702 j retirement plan. 702 j retirement plan: The New Qualified Retirement Plan Did you know that permanent life insurance is considered the new qualified retirement plan? I didn't either until I came across a revolutionary product. Let me share some facts about traditional qualified retirement plans and how they compare to a properly structured permanent life insurance policy. A qualified retirement plan according to the IRS includes 401K, individual retirement accounts (IRAs), pension plans and annuities. While the structures of these plans are good, they are not the best. Here are some known facts about retirement plans: Retirement plan savings are accumulated tax deferred. Although the money is tax deferred, have you ever thought about what tax bracket you will be in when you retire? More than likely it will be the same bracket you are currently in or a higher bracket because of the amount of money you will need to withdraw monthly to maintain your lifestyle. Who wants to pay more taxes when they retire? Not me. Retirement plans have required minimum distribution age. The Uncle Sam, wanting to keep his hand in your pockets as usual, requires that you must start making withdrawals from your retirement plan by age 70 ½, unless it is a Roth IRA. Whether you need the money or not Uncle Sam forces you to receive regular distributions based on a calculation they came up with AND you have to pay taxes on it. Retirement plans cost you early withdrawals fees and penalties. Now suppose you need the money before you turn 59 ½, do you think you can take what you want with no problem? Nope. If you make a withdrawal before you are 59 ½ you will not only have to pay tax, but also a 10% penalty fee. But isn't it your money? Now let's compare these same benefits of retirement plans to a permanent life insurance policy. Permanent life insurance policies include a cash value account. This account is, in simple terms, a savings account that can be used as a retirement account. Did you know that IRS code 7702 states that you can use a retirement account as a supplement retirement account? It is truly an amazing thing. Let's compare. Life insurance cash accounts are accumulated tax-free. That's right tax free. Since you pay your life insurance premium after tax, the monies allocated to your cash account are after tax. This means that if and when you decide to pull funds out of your account, you will not have to report them to the Uncle Sam. Life insurance cash accounts have a higher maximum contribution limit. I would love to tell you that you can shelter any amount of money you want in a life insurance policy but that is no longer the case. At one point in time you in fact could do this but over the years the rules have changed. However, the great thing about this limit is that it is based on the size of your policy and how much you contribute above your premium every year. As a result, this limit can be higher than the $17,000 maximum 401K limit. Life insurance cash accounts can be withdrawn at any time. The cash accumulated in a life insurance contract can be taken out at anytime. The key is to withdraw these funds as a loan and not as a basic withdrawal. Why you ask? As a withdrawal, there is a possibility that you will have to pay taxes on the interest earned in that account. But with a loan you will not have to pay any tax. In fact you won't even have to pay the loan back. As long as the policy is current, the loan balance will remain. In the event that the funds have to be distributed to the beneficiary, the loan balance will be deducted from the payout amount. Life insurance cash accounts do not cost you additional fees. I just told you that you can take the money out tax free and now I am telling you that it is also penalty free. You don't even have to pay the interest on the loan, if you take the funds out as a loan like I told you above, because the interest owned on the loan is offset by the interest earned on the cash account. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: 702 j retirement plan annuities 702 j retirement plan income 702 j retirement plan explained 702 j retirement plan reviews 702 j retirement plan review What is the best fixed indexed 702 j retirement plan vs the top immediate income 702 j retirement plan https://www.youtube.com/watch?v=rOGl0ym2XdM
Views: 2740 retiresharp
Safe & Smart Savings to take care of your retirement years
 
01:35:51
Moneylife Foundation conducted another seminar on retirement planning and investing, where Sucheta Dalal, managing editor of Moneylife and founder trustee of Moneylife Foundation, spoke about ‘Safe Investing and how not to lose money'. For more information visit our website : http://foundation.moneylife.in/ Register : http://moneylife.in/register/ Follow us on Facebook : https://www.facebook.com/moneylifedailyclinics/ Follow us on Twitter : https://twitter.com/MoneylifeF
Views: 5738 Moneylife
Should I Invest In 401k Now?
 
03:03
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 48257 The Dave Ramsey Show
Retirement Withdrawals before 59 1/2, Without A Penalty?
 
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Click this link to get your copy! http://lethemonfinancial.com/freeretirementguide How To Retire Happy, 7 Simple Steps To Creating Your Ideal Retirement I'm going to show you how to take retirement withdrawals from your retirement accounts before you turn 59 1/2, and do it without paying a penalty. You may be thinking about retiring early, but may not be sure exactly how to do it. If you're like a lot of people you probably have a most of your retirement savings in tax deferred accounts like IRA's and 401k's. We all know since the time we got into these accounts that we couldn't touch the money until we turned 59 1/2 without getting hit with a 10% penalty. Well, there are actually 4 ways that you can take retirement withdrawals before 59 1/2 without paying the 10% penalty. The first is the Age 55 rule from a qualified plan. If you separate service from your company on or after your 55th birthday, you can access the money in your company sponsored retirement plan without paying the 10% penalty that normally would apply to early distributions. This rule only applies to company sponsored retirement plans like your 401k. Once you rollover to your IRA, you no longer have this option available. As with any tax deferred account distribution, ordinary income taxes will still apply, but the 10% penalty will be waived. Here's how it works: Let's say you have a 401k with $500,000 in it and you retire at 56. You figure you need about $50,000 to get you through the next 3 1/2 years. So you take a penalty free distribution from your 401k for the $50,000, then rollover the remaining $450,000 into a self directed IRA to continue the tax deferral on that portion. Next is Regulation 72t. Regulation 72t refers to a section of the IRS tax code that allows for penalty free withdrawals from IRA accounts. Whereas the age 55 rule applies only to qualified employer plans, regulation 72t is just for IRA accounts. Again, as with any tax deferred retirement account distribution, you still have to pay the taxes, but what we're talking about here, is how to avoid the normal 10% penalty. You can elect 72t at any age as long as you follow the 3 rules. The payments must be "substantially equal". You must use one of the three distinct methods of calculating what your annual payment is each year. Your Payments must continue for 5 years or until you turn 591/2 whichever occurs later. Regulation 72t is a complex tax strategy and should not be implemented without seeking appropriate advice from a qualified financial professional. Take a loan Not my favorite, but another option that may be available is to take a loan from your 401k account before you retire. 401k's generally allow you to borrow 50% of your account value up to a maximum of $50,000. One advantage is that you don't have to pay taxes on the loan amount, however, the disadvantage is that you lose the growth on your money. Before you do this, check with your plan provider to make sure you can keep the loan open after you retire. Even if your employer does allow you to keep the loan after you retire, it will likely prevent you from rolling over your 401k to an IRA. Also, make sure to keep up on your payments, otherwise the outstanding balance of the loan will become taxable and may be subject to penalties if you are under age 59 1/2. After Tax Distributions You may have money in your company retirement plan that has already been taxed. If you do, this can be another source of money that you can access before 59 1/2. The after tax portion of your account consists of two parts. The portion that you contributed after tax, and the earnings on your after tax contributions that have not been taxed. Even though the IRS rules allow you to roll the entire account over to your IRA. If you roll over after-tax contributions you will be required to keep track of what portion of every future IRA withdrawal is taxable and what part is non taxable. We don't recommend this. The preferred method is to rollover all of your pretax money to your IRA account, and then take a check for the portion of your account that has already been taxed. When you receive this check it is a non-taxable event. This money has already been taxed and therefore you can do whatever you want with this money. Depending on how much you have in your after tax portion of your account, this can be another great way to get access to some of your money, not only penalty free, but tax free as well, in order to fund an early retirement. If you want to get more tips and strategies like this, click on the link below to check out my Free Retirement Readiness Guide, 7 Step Action Plan to Creating Your Ideal Retirement!
Views: 55692 Money Evolution
3 times its ok to take a loan from a 401k | Retirement planning
 
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Website www.jazzwealth.com Facebook https://www.facebook.com/JazzWealth/ Instagram https://www.instagram.com/jazzwealth/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Views: 28411 Jazz Wealth Managers
I-Team: Retiree Losing Home to Fraud
 
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by Dana Fowle Aired Sept. 8, 2017 TIGER, Ga. - Not having a retirement plan is one thing. But when you save, invest and plan only to see that money disappear that's another.   Wanda Dye and her husband did everything right. They planned well for retirement. Her husband passed leaving her financially secure. Or so he thought. Her story of elder fraud is a tune we hear too often. But Ms. Dye is feisty. She picked up the bass guitar after her husband died. "It showed me that an old dog can learn new tricks," she said. Music helped her fight back sadness when he died soon after they bought their retirement home. "He wanted it for me to get me up in the mountains which we had talked about for years." But 73-year-old Ms. Dye is about to lose her serene spot in the trees.  In a lawsuit against MetLife and Pruco securities, she claims an investment broker, who worked for both of them, fraudulently mismanaged more than $1M in assets she had when her husband died. Today, she's broke. She doesn't have enough money to keep her home. "I've only got enough for two more months." Her attorney, Jason Doss of The Doss Firm, specializes in fraud against the elderly. He told the Fox 5 I-Team, "She was ready to enjoy her golden years and this person comes along and steals it from her." The recently filed suit says that after her husband died, MetLife Securities agreed to help manage her money. She says, Winston Wade Turner showed up at her Rabun County home and told her that she could trust him with her life savings. "He was writing down things," she recalled. "He was putting down there, like, look what I can do with this money. He spent like two-to -three hours with me." She says everything was fine for a while. Her broker even switched firms moving to Pruco Securities but that nothing for her had changed. She still had access to money. But what she didn't know then was that she was a victim of a practice that financial regulators call "twisting." Her attorney says her broker was buying and selling her investment over and over again, and she paid expensive fees every time.  "He was selling an annuity product that has a high commission upfront, liquidating that annuity, causing a surrender charge for the customer then selling a new annuity to the customer to make a new commission," Doss said. But there's more.  Her broker Winston Wade Turner told her he had another moneymaking deal for her. "A fictitious entity which he convinced her to invest in bio-fuels, which doesn't exist. And she lost over a half million dollars just in that investment alone,"  her attorney told us. She never knew anything was amiss even though others did.  In Wanda Dye's lawsuit, she says that both MetLife and Pruco securities, "failed to warn or notify" her about Winston Wade Turner's "misconduct." In fact, Pruco Securities fired him for how he handled investments like Wanda's. But they didn't tell her.  Even when the Financial Industry Regulatory Authority started investigating him back in 2015, no one told her.  And she wasn't notified when FINRA banned him from the industry. She knows now though because her money is gone and her broker is too. According to the regulatory agency's own records, there is a long list of clients who submitted claims against Turner similar to Ms. Dye's going back years. And now 73-year-old Wanda Dye is back at work, standing six hours a day with a painful foot condition. "I have club feet, and I had two knee replacements done last year," she revealed.  She is grateful to be working, but her job simply doesn't bring in enough to pay the mortgage. In tears she told us, "I guess I get kicked out of my home." Ms. Dye says an FBI agent visited her and they are looking into Winston Wade Turner, as well. Pruco Securities said it can't comment on pending litigation. MetLife Securities gave no comment.
Views: 477 FOX 5 Atlanta
4 Strategies To Get The Most Out Of Your 401k Plan
 
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Check out our FREE Resources Page At... http://moneyevolution.com/money-evolution/free-resources/ I want to talk about Four Strategies To Help You Get The Most Out Of Your 401K Plan. As many of you know if you've watched any of my other videos you know that the 401K plan is not necessarily my favorite savings vehicle for retirement, but there are a couple of reasons why you might still want to do a 401K plan. Number one is the Company Match. If your company's matching you any portion of your 401K contributions, that's basically free money. That's very hard to pass up. I would definitely make sure that you're taking advantage of your 401K plan at least enough to do that full match. The second one is at that There Are Higher Contribution Limits on a 401K Plan Versus an IRA Account. For an IRA Account if you're under 50 for 2017 you can contribute $5,500 a year. If you're over 50 usually it goes up to $6,500 a year, but a 401K plan you can contribute $18,000 if you're under 50 and you can contribute $24,000 a year if your 50 years old or older, so the higher contribution limits are another reason that the 401K plan might make sense. The final one is There's No Income Restrictions on 401K Plans, so anybody pretty much can contribute to a 401K plan regardless of your income where as as you probably know and I've talked about this in some other videos that if you make too much money you may lose your ability to contribute to a traditional IRA Account and take a tax deduction or if you make too much money you may not be able to contribute to a Roth IRA Account at all. Even then, there may still be some reasons that you want to do the 401K plan and so here are the four strategies to make sure you're getting the most out of it. We just talked about it but the match. Again make sure that if you have a match make sure you're contributing at least enough to get that full matching contribution from your company. Another option that may be available in your 401K plan it's getting more more popular, but there could be a self directed 401K option. And basically what this is it's a separate account within your 401K plan that can give you access to a whole bunch of additional investment options that are not part of the name 401K menu. So as you know one of the reasons that I don't like 401K plans sometimes is because they have a very limited investment menu, so having that self-directed option opens up that to give you some more investment choices. The third one is in-service withdrawals. So again because you may be limited on what you can invest in inside your 401K plans and there may be fees on the 401K plan as well you could look into the option of doing what's called an in-service withdrawal and some companies allow you to move sometimes all or a portion of your 401K plan over into your own self-directed IRA Account even while you're still working even before retirement. Again there may be advantages and disadvantages to doing this, so make sure you check with that and make sure you understand the fees and the options available before you do something like that, but the in-service withdrawal may be another opportunity for that. The fourth one is some 401K plans offer an after-tax savings option. This is something that allows you to even go above and beyond the regular 401K contribution limits and up until very recently this is something that even I personally never really paid a lot of attention to because there was really no advantage to it, but there was a recent IRS tax ruling back in 2014 that made some clarifications to a previously gray area pertaining to 401K Rollovers, so the after tax account, just to give you a little bit of a idea of how that works, it's money that goes into your 401K plan on an after tax basis, so you're not getting any immediate tax advantage to that. The money grows tax-deferred which means that normally if you left it in there you would have to pay taxes on any gains or growth that you have inside the after tax account and then you know, pay taxes when you pull that money out, so the ruling changed that IRS came out with back in 2014 is now you can take the monies that are in your after-tax portion of your 401K plan, you can role those out directly into a Roth IRA account. So this is an opportunity for a lot of people that normally don't qualify to make a contribution to a Roth IRA Account because they make too much money. It's also an opportunity for people that want to save over and above the traditional 401K contribution limits because if you're under 50 some plans actually allow you to contribute up to $53,000 into the combination of your pre-tax 401K or Roth 401K contributions plus your company match, plus any after tax contributions can go up to as much as $53,000. If you're 50 years old or older, that number could be as high as $59,000.
Views: 14260 Money Evolution
Superannuation Scam in Australia
 
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Superannuation in Australia is where the government force people to save 9.5% of their salary in a so called “Super Fund” that generally cannot be accessed until the person retires. For a man in his 30s like myself, the retirement age will be 67. There has been talk of raising this to 70, but it’s hard to know what future governments will do. ... Superannuation Steals My Money Despite what the government say, I would be far better off investing my own money privately. I know this for a fact. My super funds have performed extremely poorly over the last 10 or so years. ... During the 2007-2008 global financial crisis, not only did my super not increase, it was decimated ... Nearly all investment options have an associated fee. For example, the “Growth” category at Sunsuper has a “base fee” of 0.39% p.a. and a “performance fee” of 0.09% as at June 30, 2017 (https://www.sunsuper.com.au/members/investments/investment-fees). ... Superannuation Steals My Freedom Not only does compulsory superannuation steal my money, it steals my freedom. By forcing people to give up a tenth of their salary to invest in some mysterious investment option, you are robbing them of their freedom. Why can’t I be trusted to invest my own money? Why must the government force people to put their hard-earned cash into an under-performing black hole for 35 or 40 years? The government would have us believe that the main reason they need to force us to save is that it takes pressure off the pension system. In Australia, once you reach retirement age, you can apply for the Age Pension. As at June 30, 2017, the payment rate per fortnight for a pensioner with a partner is $609.30 (https://www.humanservices.gov.au/customer/services/centrelink/age-pension). ... To make things worse, some employers have crushed my freedom even further. I work for a university which forces me to put my superannuation payments into a particular UNIversity SUPER fund (hint, hint). I cannot choose otherwise – despite my protests. ... Here's a quote from Chris Richardson of Deloitte Access Economics: "While many super discussions avoid this issue, the system is, by its very nature, a restriction on individual choice. The government dictates the minimum level of contributions and how the money can be spent. Even voluntary super savings are subject to compulsion – they cannot be withdrawn until [retirement]." Benefits the Rich More than the Poor Australia’s superannuation system actually costs the government about $32 billion a year. This is made up of lucrative tax concessions that benefit the rich much more than the poor. Australia’s income tax system is proportional, that is, if you make more money, you pay more tax at an increased tax rate. Superannuation, on the other hand, is taxed at a flat rate. ... A quote from Dr. Richard Denniss of Australia Institute: "High-income earners get a tax break, while low-income earners pay more tax on their super than their income. It’s ridiculous. The worst part of the scheme is that any income from superannuation is entirely tax-free if you are over 65. If people understood this there would be riots. It’s legal money-laundering. If you can sink $100 million into your super fund and you are over 65, you will never pay tax. It’s obscene. The system is broken. It’s unaffordable and there is no chance it will last for the next 40 years." The Cure The first step is we need to cut the superannuation tax concessions. They are not helping the people who really need them. How many houses or yachts do the wealthy need? ... There are a couple of options. First we could implement a basic income and do away with superannuation all together (https://youtu.be/PEerL0IIrGI). It’s clearly not being used for its original purpose. Basic income makes it easy. No longer would we have to worry about expensive means testing, pensions, and welfare cheats. Secondly, we should strive to implement as much automation as possible. Japan is facing a major societal crisis due to its ageing population. To combat this, they have been madly developing and deploying robots to help out around the home as well as in hospitals and care facilities (http://www.eurasiareview.com/25032016-japans-quest-for-robotics-revolution-how-far-will-it-go-analysis/). ... In conclusion, superannuation benefits the rich. It benefits the greedy super funds. Why do superannuation investment managers still get paid when they lose your money? Why support such a ridiculous scheme? I'll finish with a quote from one of the Founding Fathers of the United States, Benjamin Franklin: "Money has never made man happy, nor will it, there is nothing in its nature to produce happiness. The more of it one has the more one wants." Originally posted on Daily Rant Australia on March 29, 2016 by Andrew. Find us on Facebook: https://www.facebook.com/DailyRantAustralia
Views: 2846 Daily Rant Australia
pension scam by government we are in bulshit its a fraud against the people
 
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people do not have to pay into any pension this is a con to get more money out of the people the equity from the lands pays for the state pensions fact this is not a law its a legislation a rule on a legal society nothing more nothing less do not be fooled with this bulshit who is making the claim to tell men and women that they have to pay a pension no man or woman will come forward in their private capacity under full liability fact its a false claim
Views: 1221 rob ess
What is a 702(j) Account?
 
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In this short video we answer the question on everyone's mind, what is a 702(j) account. Visit http://www.Free702Book.com for more details.
Social Security Won't Give You Security
 
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If you're counting on Social Security to finance your retirement, you're in for a big surprise. Money expert Chris Hogan explains why. Donate today to PragerU! http://l.prageru.com/2eB2p0h Joining PragerU is free! Sign up now to get all our videos as soon as they're released. http://prageru.com/signup Download Pragerpedia on your iPhone or Android! Thousands of sources and facts at your fingertips. iPhone: http://l.prageru.com/2dlsnbG Android: http://l.prageru.com/2dlsS5e Join Prager United to get new swag every quarter, exclusive early access to our videos, and an annual TownHall phone call with Dennis Prager! http://l.prageru.com/2c9n6ys Join PragerU's text list to have these videos, free merchandise giveaways and breaking announcements sent directly to your phone! https://optin.mobiniti.com/prageru Do you shop on Amazon? Click https://smile.amazon.com and a percentage of every Amazon purchase will be donated to PragerU. Same great products. Same low price. Shopping made meaningful. VISIT PragerU! https://www.prageru.com FOLLOW us! Facebook: https://www.facebook.com/prageru Twitter: https://twitter.com/prageru Instagram: https://instagram.com/prageru/ PragerU is on Snapchat! JOIN PragerFORCE! For Students: http://l.prageru.com/29SgPaX JOIN our Educators Network! http://l.prageru.com/2c8vsff Script: If you’re counting on Social Security to finance your retirement, you’re in for a big surprise—and not the good kind. Let me give you two reasons why. One: Social Security is going broke. And, two: Even if it weren’t going broke, it couldn’t possibly cover the cost of a decent retirement. Let’s look at these two reasons in a little more detail, and then I’ll propose a solution. Social Security is going broke. When this government program was set up in 1935, the average life expectancy was 60. But you couldn’t collect your first check until you reached 65. In other words, most people didn’t live long enough to receive Social Security. And most of those who did, didn’t collect it for very long. Today, the average lifespan is 79. So now, most people do live long enough to receive Social Security—for 10, or 20, or even 30 years. Here’s another important piece of information: When the program started, the ratio between worker and retiree was 159 to 1. That means for every one person drawing benefits, 159 were paying in. Today the ratio is 2.8 to 1. Get that? We’ve gone from 159 workers supporting every retired person to fewer than three workers supporting every retiree. And it’s going down. You don’t need an advanced math degree to figure this one out: Social Security is spending more than it’s bringing in. Far more. Its own Board of Trustees has said that it will be bankrupt within twenty years. That doesn’t mean it won’t exist. It means that either the government will pay you less than it promised, or it will have to raise taxes to make up the shortfall. Most likely, both. Sounds about right for an entitlement program, doesn’t it? Starts out small, but just keeps growing and growing until it collapses under its own weight. But let’s indulge in a fantasy and say that Social Security is perfectly designed, perfectly balanced, and efficiently run. And that you would get every dollar you were promised. You’d still have a major problem if that’s all that you’re relying on. To illustrate, in 2017 the average monthly Social Security check was a little over $1,400. That’s under $17,000 a year—barely above the poverty line for a two-person household. Do you really want to live at the poverty line in retirement? Why in the world would you plan for that? But sadly, many people are. According to a recent study, 53 percent of un-retired baby boomers have no retirement savings. That means they’re planning to rely on Social Security for their retirement income. That’s them. Don’t let it be you. For the complete script, visit https://www.prageru.com/videos/social-security-wont-give-you-security
Views: 582153 PragerU
Chicago Financial Coach: Matt Sapaula - 401k Ripoff and Building a Tax Free Retirement
 
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http://www.matthewsapaula.com Chicago Financial Coach Matt Sapaula shares the downside to a 401(k) plan. Is a 401(k) plan a ripoff? How about when there no matching 401(k) contributions by your employer and the income tax time bomb that can implode your hard-earned retirement savings at a time when you need your money the most? Middle class Americans are mostly unaware of how to build a supplemental tax free retirement and Matt Sapaula shows them how. Term insurance vs. whole life insurance? Is whole life insurance still the same? How does someone without a ton of financial savings they can fall back on still keep their life insurance, save for retirement and navigate through the "winds of life"? Just like any industry the life insurance industry has greatly evolved and improved to meet the needs of today's retirement in a changing economy. Life insurance isn't just for dying anymore. The lack of life insurance education and life insurance planning hurts most middle class Americans the greatest. It is one of the reason why the middle class stay middle class (or worse, fall into poverty) and why the rich get richer. Term insurance is NOT the only blanket life insurance policy that EVERYONE needs to have as led to believe by financial experts Suze Orman and Dave Ramsey. The harsh reality and truth to the "buy term and investment the difference" financial strategy has caused MANY to LOSE not only their life insurance policy but LOSE a great percentage of their retirement savings during the Great Recession. One of the biggest financial reactions when one loses their job or faces businesses challenges is stopping their life premiums and any form of savings towards the future. DISCLAIMER: Matt Sapaula is not a registered investment advisor for the offering or sale of securities nor to provide investment advice. Matt only deals in securities subject to an exemption from registration and will only provide investment services to accredited investors as defined by the Illinois Securities Act of 1953.
Views: 2899 Matt Sapaula
Tony Robbins - Excessive fees are destroying your 401k savings
 
06:31
Tony Robbins, peak performance strategist and author of #1 New York Times Bestseller "Money; Master the Game" is a partner, board member and voice for Americas Best 401k. Americas Best 401k is committed to helping Americans get free from the excessive and hidden fees that plague the vast majority of 401k plans. Especially those sold by brokers, payroll companies and insurance companies. Americas Best 401k is constructed using only low cost index funds with no brokers, no commissions and no nonsense. Visit our site at www.AmericasBest401k.com and use our FEE CHECKER to see how your plan stacks up. See how much more you could have at retirement!
Views: 43188 America's Best 401k
How to spot a pension scam
 
02:26
Hi, I’m Peter, and I’m here to help you with pensions and retirement with my video blog for Unbiased. It’s sad but true that pensioners are one of the biggest targets for fraudsters and con-artists. This is because from age 55 you have full access to your pension pot, and criminals know this. As a result you are much more at risk of being contacted by people hoping to steal some or all of your retirement savings. I’m not a financial adviser myself, so I can’t cover all the risks here. What I can do is alert you to some of the more common scams. Watch out for them, and if in doubt consult a regulated, independent financial adviser whom you have hired. Remember, you can find an adviser you can trust at unbiased.co.uk – where they connect millions of people like us to great advice.
Views: 1728 Unbiased
Suze's Favorite Retirement Plans | Suze Orman
 
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What are Suze's favorite retirement accounts?Suze dishes on best retirement plan options for you. » SUBSCRIBE to Suze Orman's YouTube Channel: http://www.youtube.com/c/suzeorman?sub_confirmation=1 - Visit Suze Orman's Website: http://www.suzeorman.com » WATCH the latest from Suze: https://www.youtube.com/suzeorman ABOUT: Suze has been called “a force in the world of personal finance” and a “one-woman financial advice powerhouse” by USA Today. A two-time Emmy Award-winning television host, New York Times mega bestselling author, magazine and online columnist, writer/producer, and one of the top motivational speakers in the world today, Orman is undeniably America’s most recognized expert on personal finance.. Subscribe to Suze's channel for exclusive footage, new videos and more! Connect with Suze Online! Visit Suze Orman's Website: http://www.suzeorman.com Find Suze Orman on Facebook: https://www.facebook.com/suzeorman Follow Suze Orman on Twitter: https://twitter.com/suzeormanshow Suze's favorite retirement plans | Suze Orman
Retirement Savings In Jeopardy With New GOP Tax Plan | MSNBC
 
03:29
Some Republicans may be considering a limit on contributions to retirement accounts in order to pay for tax cuts. Could this target the people who supported candidate Trump? CNBC's Ron Insana breaks it down. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives. Reaching more than 95 million households worldwide, MSNBC offers a full schedule of live news coverage, political opinions and award-winning documentary programming -- 24 hours a day, 7 days a week. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Google+: http://on.msnbc.com/Plusmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc Follow MSNBC on Tumblr: http://on.msnbc.com/LeanWithmsnbc Retirement Savings In Jeopardy With New GOP Tax Plan | MSNBC
Views: 5968 MSNBC
How to Not Run Out of Money in Retirement
 
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Watch more How to Manage Your Money videos: http://www.howcast.com/videos/433814-How-to-Not-Run-Out-of-Money-in-Retirement Step 1: Understand retirement planning Understand what you're working for; ensuring adequate lifetime income is a primary reason you save for retirement. The goal of saving for retirement isn't just to build wealth -- it's to replace the income you earned when you were working. Step 2: Consider a fixed annuity Consider investing in a fixed annuity; it guarantees you a specific amount of retirement income so you can cover basic expenses when you stop working, and it won't run out no matter how long you live. Tip Unlike the stock market, real estate, or other potentially risky ventures, a fixed annuity is guaranteed by an insurance company, can't be lost, and provides a minimum of amount of interest. Step 3: Consider a variable annuity If you want the potential for higher returns than a fixed annuity offers and are willing to assume some risk, consider a low-cost variable annuity. Payouts fluctuate because they're tied to how the markets perform. Tip Many annuities include the option to provide lifetime income to your spouse or other beneficiary after your death. Step 4: Weigh the benefits Consider contributing to an annuity while you're still working, as opposed to purchasing one when you retire. A low-cost annuity can be a valuable part of a diversified retirement portfolio. It's a guaranteed asset that can help minimize volatility and improve overall returns over time. Step 5: Have a customized plan Remember that one size doesn't fit all when it comes to retirement strategies. Discuss your needs and goals with an objective financial advisor, and then create a customized plan that has the right mix of investments for you. Did You Know? The average monthly Social Security payment for retired workers as of July 2009 was $1,160, while the average monthly spending for individuals age 65 and older was $3,044.
Views: 1605 Howcast
Silver and Gold Stacking as Savings! Saving Money!
 
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My thoughts and experiences on using precious metals as part of your savings plan. You have to start somewhere! Take control of your financial situation, get out of debt, stay out of debt and create opportunity! Debt is slavery! Free yourself! **YES THE NEXT 3 STATEMENTS ARE FINANCIAL ADVICE!** 1. SAVE MONEY!!!! 2. STOP USING CREDIT CARDS!!!! 3. STOP LIVING BEYOND YOUR MEANS!!!! You don't have to purchase PM's as the only way to invest. Do your research and give yourself the chance to grow wealth. Putting aside a few dollars here and there is a huge start! The only thing that is 100% is that you can't change your situation if you don't try. You are the only person stopping you! Skip that coffee twice a week and make your money work for you, not the other way around. The best investment you can make is in yourself! Start Stacking! Keep Stacking! Keep Cost Averaging! Keep Learning!
Views: 41747 stillkeepin1
A Look at 401(k) Plan Fees
 
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You're participating in your employer's retirement plan. Congratulations -- you are an investor. Making good investment decisions can have a real impact on how much your savings grow.
Views: 13325 USDepartmentofLabor
3 Senior Investment Scams to Avoid | Investing Sense
 
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Make sure your retirement plan and investments are in your best interests http://goo.gl/UGwQ8t Some scammers out there are targeting senior citizens and their large nest eggs. Most of the time these scams are easy to spot. Some scams out there are not as obvious. If you are their target or if this is your parents or grandparents we want you to learn how to protect yourself. An easy way to avoid investment scams is to work with advisors who’ll act as your FIDUCIARY – financial professionals who are obligated to put your interests before their own. By knowing who you’re working with and what to watch out for, you can help protect your nest egg. At The Mutual Fund Store®, everything we do revolves around you and your GOALS. In fact, those goals are the first things we look at when we meet with people, and we do that so we can start to figure out your chances of achieving them. Working with a registered investment adviser can help you figure out what things you change now that can help you increase the probability of meeting your retirement goals. We like to refer to this with our clients as “probability of success.” Whether you’re 40, 50, 60, or 70, your advisor should have a retirement plan for you that focuses on just that.
Views: 6206 Financial Engines
Reitrement Mistakes People In Their 40's Sometimes Make
 
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For more financial planning tips and strategies, be sure to check out our blog at http://MoneyEvolution.com Check out our Free Guides… Money Evolution Guide To What Every Investor Should Know About Planning And Saving For Retirement http://moneyevolution.com/free-guide Money Evolution Guide To Understanding Your Social Security Benefits http://moneyevolution.com/social-security-guide Money Evolution Guide to Understanding and Managing Your Debt http://moneyevolution.com/understanding-your-debt Money Evolution Guide To Buying and Financing Your Home http://moneyevolution.com/financing-your-home Money Evolution Guide to Understanding Real Estate As An Investment http://moneyevolution.com/real-estate-investment Money Evolution Guide To Understanding Your Taxes http://moneyevolution.com/understanding-your-taxes Money Evolution Guide To Understanding the Total Cost of Car Ownership http://moneyevolution.com/understanding-cost-car-ownership Follow Us On Facebook - https://www.facebook.com/moneyevolutionhome/ Twitter - https://twitter.com/billlethemon Linked In - https://www.linkedin.com/in/bill-lethemon If you have any questions about this, or any of my other videos, feel free to contact me at any time. Email Me at bill@moneyevolution.com Or Call My Office at 248-731-7829 In today's video vlog, I'm going to be talking about Retirement Planning Mistakes People In Their 40's Sometimes Make. Mistake number one is not saving enough money. This is a pretty common one and according to a lot of data that's out there, people are just not saving up money for their retirement. Just to give you an example of this, let's say that you're 40 years old and you're saving $10,000 a year into some type of retirement account, if you save that $10,000 every year for 25 years until you're 65 years old, and you earn a seven percent rate of return, that investment of $10,000 a year is going to grow to about $632,000. On the other hand, let's say you didn't save anything during your 40's and at age 50, you started saving $10,000 a year and you did it for 15 years until you're 65. That same investment of $10,000 a year for 15 years at seven percent is only going to get to be $251,000. So over two and a half times the amount of money by starting early, and that time factor is really important for you to be aware of there. Mistake number two is not paying attention to all of your investments and this is another common one that we see all the time. By the time you're in your 40's, maybe you've had a couple of different jobs, maybe even different career changes and you might've left the 401k plan at a previous company. Maybe you started an IRA account early on but you don't contribute to it anymore. By the time you're in your 40's, you may have investment accounts that are scattered in a number of different places. And if you're married, maybe your spouse has a few different accounts, and it's very easy to lose track of it. Not that you don't know that the money is there but you aren't really paying as much attention to those accounts as you really should be. More and more, especially if you're in your 40's, chances are you probably don't have a pension, your full retirement age for Social Security is up to 67 that might even get pushed up even more. So you've got to play a more proactive approach to managing all of this money, making sure that all of your money is working for you. So it's a good idea to really pay attention to all those accounts and not just simply ignore or forget about an account. Mistake number three is saving money in the wrong account. This is another very common one. We now have a lot of different choices as to where we can save money. Again, you probably have a 401k plan through work or some other type of employer-sponsored plan. Most of those plans now offer both a traditional option and a Roth option. and I think that the Roth option is something that we don't really see a lot of people taking advantage of. Most people are still putting money into those traditional accounts. And if you haven't looked at the Roth to see what kind of impact that could have, I think it's time to really look at that because the Roth account can be a very nice savings vehicle because any money that goes into the Roth goes in after taxes, so you're not getting that immediate tax benefit, but the money is growing completely tax-free as long as you take it out at retirement as a qualified retirement withdrawal. And that could really be a good thing for your future. Continued On Blog...
Views: 3215 Money Evolution
What is a 401K - Young Hustlers
 
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401K’s are not ok. Who’s got your money? You don’t want Wall Street having it. They created the 401K and are supported by politicians. They want your money now while you are young, so they make a pitch to the middle class to get people to give every month and keep your money for the next 40 years. You don’t need to go to Wikileaks to find all scams. To invest with somebody like Grant in real estate, they won’t let you because they made laws so that you have to make 200K a year first. They will let anybody invest with Wall Street though. The 401K gives no cash flow! You’re trapped. 2.8 trillion dollars are trapped in 401K’s, and people don’t even know who they are sending their money to. Would you give a stranger on the street corner money? It can be wiped out overnight, people lose 30% of their savings just like that. Don’t do 401K’s for three reasons: 1.You lose access to your money 2.You lose control of your money 3.You lose choices with your money
Views: 29681 Grant Cardone
How to avoid putting your retirement savings at risk | Investing Sense
 
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Protect retirement savings https://goo.gl/EJnbP4 Close to retirement? It’s scary to start spending all the money you’ve worked so hard to save. We have 3 steps to help avoid putting your retirement savings at risk. Consider a distribution strategy that allows for more flexibility and helps ensure you won’t outlive your nest egg. Spending in retirement is not a straight-line, therefore you need to optimize your monthly income to account for Social Security, pensions, AND your investments. It’s a good idea to outline expenses you’ll have in retirement and determine the amount of income you’ll actually need in retirement. At The Mutual Fund Store®, we work with clients to build retirements plans that will help increase their ability to fund their retirement years. Everything we do revolves around you and your goals. In fact, those goals are the first things we look at when we meet with people, and we do that so we can start to figure out your chances of achieving them. Working with a registered investment adviser can help you figure out what things you change now that can help you increase the probability of meeting your retirement goals. We like to refer to this with our clients as “probability of success.” Whether you’re 40, 50, 60, or 70, your advisor should have a retirement plan for you that focuses on just that.
Views: 5837 Financial Engines
Guaranteed Retirement Income: An Interview with Barry James Dyke
 
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SCHEDULE A 100% FREE PHONE CONSULTATION WITH BARRY JAMES DYKE: Request a free retirement strategy meeting by phone with Barry James Dyke http://ftmdaily.com/advice +++++++++ Read Entire Interview Transcript @ http://ftmdaily.com/investing/retirement-planning-investing/wall-streets-dirty-little-secret/ +++++++++ Author and financial expert, Barry James Dyke, joins FTMDaily in this special interview, exposing one of Wall Street’s dirtiest secrets. He also discusses his latest book, Guaranteed Income: A Risk-Free Guide to Retirement. +++++++++ Jerry Robinson, host: Joining us today is Barry James Dyke. You’ve heard him here on the program before. Barry is the author of a brand new book, “Guaranteed Income: A Risk Free Guide To Retirement”. Barry, it’s great to have you back on the program. Thanks for joining us. Barry James Dyke: Thanks so much for having me. I always admire what you’re doing, and it’s always an honor to be your guest. Thank you. JR: Absolutely. As you may know, Barry James Dyke is a part of our Christian Financial Advisor Network. He provides retirement solutions to people in the New England area where he lives. I imagine it’s pretty cold up there this time of year. BJD: Yes, we have a full blown snowstorm going on today. JR: Oh, my. Well, we’ll count ourselves lucky down here in the South. Taking a look at your book, “Guaranteed Income”, I’ve got to tell you as I’m looking through the book, that this thing is unbelievably compact for the punch it packs. This is an amazing little book. Chapter one is “The Collapse of the American Pension”, chapter two “New Risks in Retirement: Mutual Funds Are Not Delivering the Solution”. You go through and you talk about not just that, but about the retirement crisis and the fact that the whole pension system has gone away and now employees are on their own to defend themselves from the sharks on Wall Street. But on top of that, you go into and explain, and I think this is the best part and will blow most people’s minds, how the guys that concoct this stuff, the guys that actually force this stuff on the American population, that they do not eat their own cooking. Tell us what you discovered in this book. BJD: Well, it was a real blessing to get to research for a number of years, 10 to 15 years. The folks that make billions speculating with your money, the biggest asset managers, the JP Morgans, the Banks of America, the Wells Fargo, all of these huge institutions, and even the Federal Reserve are part of this scam. They all use the guaranteed product which I recommend in this book, so it’s complete and total hypocrisy, Jerry. But, as you know, I like to document things. I’m a doubting Thomas of the first order, so I documented everything. Wells Fargo has, I think, over two trillion dollars in assets under management selling speculative products. If they’re in the market today, Jerry, the market is getting hammered as you know. They make a lot of money on this stuff, but for their own account. They buy boatloads of guaranteed products like life insurance and annuities, so it’s complete hypocrisy. JR: Chapter 12 of the book is entitled, “Bankers Love Guarantees of Life Insurance Companies”, and it talks about how former Federal Reserve Chairman, Ben Bernanke, plays it safe with annuities, Federal Reserve Chairman, Janet Yellen, pension annuities are her largest family asset. The Federal Reserve 401K Thrift and Savings Plan and other fixed annuities are the biggest asset. Isn’t that something? BJD: Yes, and God bless you Jerry for speaking the truth because I originally came up with this research in 2009, and I did a press release on this. The only one who picked it up was a paper in London, “The International Business Times”. No one in this country would pick it up, and it’s all true, as you know, in the book. People can go to my website www.barryjamesdyke.com and get the book. I don’t have it on Amazon yet. As you can see in the book, I actually took the Deloitte Audit and put it into the book when I found it, because I knew it was going to be invaluable for consumers. But it’s all true. FTMDAILY.COM Website ► http://FTMDaily.com Like us on Facebook ►http://facebook.com/ftmdaily Follow us on Twitter ►http://twitter.com/ftmdaily Google Plus ►https://plus.google.com/+FTMDaily/
Views: 3803 Follow the Money
Where Dave Ramsey Falls Short
 
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In creating a total financial solution, does Dave Ramsey miss anything? Many people follow him and his financial advice, but will this lead to financial freedom or help you save for retirement... or is this simply about how to get out of debt? Here's the truth. Dave Ramsey is an excellent place to start if you don't have much of a plan. He teach you how to get out of debt, and how to make your money stretch and last longer. He wants to get you out of debt, and to have money saved for a rainy day. If everyone in America did this, we would be a lot better off. The problem though, is that his followers are convinced that all debt is bad, and that when you make it to retirement, having "no debt" will somehow help you retire and pay your expenses. Is the end goal to be debt free? Or is the end goal to create wealth? Will "no debt" buy groceries? Will "no debt" send you on vacations? Then what is missing? Watch and Enjoy! Kris Krohn & Nate Woodbury This is NOT a sponsored video. WORK WITH KRIS: ======================== Limitless 3 Day Event: http://bit.ly/2j5r8wM Get Personal Mentoring: http://bit.ly/2lPGp9d Partner on Property with Kris: http://bit.ly/2lPGp9d Real Estate Investing Help: http://bit.ly/2lPGp9d Free Real Estate Audiobook: http://bit.ly/2oiORxy Free Conscious Creator Audiobook: http://bit.ly/2sZmaYU Want to be on Limitless TV? ======================== You can be in one of our videos. If you have a question, record yourself asking it on video, and then upload the video to this link: http://bit.ly/2wLJsnS Tips for quality video: 1) Face a window to get good lighting on your face. 2) Film where it's quiet so there is good audio. 3) Feel free to ask multiple questions. 4) Film in 1080p which is HD. No need for 4K. 5) Your iPhone Camera is perfect to use. 6) Use a tripod. 7) Don't have a distracting background. 8) Tell us your name and email address. We won't share your email address in the video, but we'll let you know when you'll be featured. Depending on your question, and usability of your footage, we will consider featuring you in your own video or Q&A episode. EQUIPMENT ======================== Camera: http://amzn.to/2oRnnAA Favorite Lens: http://amzn.to/1QEqTF4 External Mic: http://amzn.to/1Sx8Jq0 Camera Backpack: http://amzn.to/2oy5JAR MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 Support This Channel: ======================== ==SUBSCRIBE== http://bit.ly/1TOqKBN ==LIKE== Your "Likes" help more people find our videos. ==COMMENT== Comment and ask Questions ==PATREON== https://www.patreon.com/REInvestorTV ==AMAZON== Any time you plan on making a purchase on Amazon, visit one of my videos first, and click one of the 'amzn' links above. Then, anything you navigate to and purchase in the next 24 hours on Amazon, will give this channel a small percentage. Thanks for your support!!! ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
Views: 24356 Limitless TV
The 401k: Is it a Good or Bad Investment Choice?
 
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https://www.djellala.net/ The 401k is a saving and investing plan. A lot of people call it retirement plan. A lot of companies offer it for its employees. An employee can contribute up to 6% of his paycheck or salary. Some companies match 100%, others 50% more or less. It has a lot of advantages and disadvantages. Most people dont have money to invest at once with big money. So the solution is to cut some money each salary or paycheck and invest it in the 401k account. The company might match what you put and that is the best thing since your money grow faster. The disadvantage is that there are fees in the account. Second your investment is in the market that means you can incur risk and lose money as it had happened in big market like 2008. Calling 401k a retirement plan is false, because your money is limited. Americans lost their pension plan in the past, so 401k can not replace efficiently pension plan because 401k does not guarantee you a paycheck each month since the money is limited. If at 60 you have 200k, do you think this be sufficient for all your life after 60? Now people have no choice. Moreover, if people have no investments or saving account, they will face real problems. Thats why almost all people continue to work, because they have little money to live upon. Thank you for watching. Please check my swing training levels at http://djellala.net Any question just ask directly to istockmoney@yahoo.com Free chart training https://gumroad.com/l/PYkDh/freetraining Facebook https://www.facebook.com/djellalafanpage Twitter https://twitter.com/djellala_llc https://www.linkedin.com/in/abdelkarimrahmane/ Subscribe to my youtube channel https://www.youtube.com/channel/UCO3vhVCXqUssYDYTInvto9A?sub_confirmation=1
Lifetime ISA: What You Need To Know. UPDATED FOR 2018
 
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Lifetime ISAs – should you bother? Money expert Hannah Maundrell explains the lifetime ISA - is it worth it? UPDATED 2018: Should you get a Lifetime ISA? http://www.money.co.uk/savings-accounts/should-you-get-a-lifetime-isa.htm UPDATED 2017: HM Treasury have stated that for Help to Buy, the funds are used for completion, but for Lifetime ISAs, funds are used for exchange deposit. The government are trying so hard to get you saving they’ve resorted to giving away free cash. The latest scheme they’ve cooked up is the Lifetime ISA. It sounds good on paper because it can get you up to £32,000 free but the big question is whether you should bother. What is a lifetime ISA? Lifetime ISAs are long term savings accounts designed to help you save for your first home or your retirement. You can use them to save or invest up to £4,000 a year and the government will give you a 25% bonus on everything you put in until you’re 50. Who can get one? If you’re over 18 but under 40 and a UK resident you can get a lifetime ISA. Sadly if you’re over 40 you won’t be able to get one of these accounts. Where can you get one from? Most of the big banks have decided against doing it so your options for saving into a Lifetime ISA are really quite limited. A handful of companies are going to offer investment Lifetime ISAs so you’ll have more choice there. Buying a house? You can use the cash you’ve stashed in your Lifetime ISA to buy your first home as long as you’ve never been a property owner before, the house you’re buying is worth less than £450000 and you’re paying for it with a mortgage. Saving for retirement? You can use your Lifetime ISA to save for retirement and get your hands on it without any penalties once you’re 60. This can be a good option but it’s important you save for a pension too, especially if your employer offers to pay into it too because that’s a way to get more money out of them. Should you bother with a Lifetime ISA? Getting free cash sounds like a dream but you need to be savvy about it. If you don’t want to save for retirement or a house and just want a place for your day to day savings then a Lifetime ISA may not be the best bet for you. Check out our guide below for tips on how to find the best place for getting a return on your savings. If you’re planning to buy a home in the next few years then a savings Lifetime ISA is likely to be better although you won’t have much choice on the 6th April. That said, you have to save in a lifetime ISA for at least 12 months before you can use the money to buy a house so it might be worth getting one when they open but just putting in a couple of pounds so you have options. If you’re looking to save for retirement or for buying a house in the distant future then using your Lifetime ISA to invest could be a better bet because investments generally outperform savings over time, although of course that’s not a guarantee. ------- Like us on Facebook http://www.facebook.com/www.money.co.uk Follow us on Twitter http://www.twitter.com/moneycouk Google+ http://www.google.com/+moneycouk Website http://www.money.co.uk About money.co.uk money.co.uk is an award winning comparison website operating in the UK. It was created by a team of money experts to provide people and businesses with the information they need to make smart financial decisions. We’re fully authorised and regulated by the Financial Conduct Authority and our mission is to make the financial sector more accessible and transparent. money.co.uk is independently owned by esteemed entrepreneur and founder Chris Morling. Based in the Cotswolds, our team of 50 has lots to be proud of. In 2015 The Sunday Times ranked us as the second fastest growing business in the UK in the Profit Track 100. They also awarded us the Outstanding Achievement Award in the Tech Track 100 as well as being ranked as one of the best small business to work for in the UK for two consecutive years.
Views: 9158 money.co.uk
Millennials' New Retirement Number:  Save $2,000 per month? | E25
 
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Millennials' are faced with a new landscape than any previous generation. The retail world is moving from physical stores to online stores faster than predicted, people are switching from jobs every 4-5 years, no measurable retirement plans and a ever increasing cost of living stretching their paychecks. The reality is most millennials' are not planning and have no way to get on track. Learn how much you need and options you should look into to not only be on track - but be ahead and be financially independent within 5 years or less. Thanks for taking the time to watch this and share it! Please shoot me any questions you have or feedback you want to leave in the comments. I always check and respond to notifications! If you want to reach me or follow my content, check out my channels below: — Follow my daily InstaVlog: https://www.instagram.com/thestacklife/ — ► Subscribe to my channel: https://www.youtube.com/subscription_center?add_user=thestacklife — Follow me on social: Facebook: https://www.facebook.com/ryanpstack Instagram: http://www.instagram.com/thestacklife/ Twitter: https://twitter.com/thestacklife Medium: https://medium.com/@ryanstack — Business Websites: Information on what we do: http://bit.ly/2tt5F9U The Stack Group: www.thestackgrp.com — Yes I still check email: ryan@thestackgrp.com — Thanks for checking out this content! Hope it helps you take your business to the next level!
Views: 2076 Ryan Stack
Tax Free Retirement Planning
 
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Tax Free Retirement Planning - At http://BarefootRetirement.com we offer the most powerful tax free retirement plan in America. Our plan is great for retirement planning for physicians, retirement planning business owners or tax free retirement savings for anyone. Do you have a tax free retirement plan? If not, why? Do you think taxes are going up? Most experts believe tax rates will soar. Our tax free retirement savings plan is 100% tax free. Your funds grow tax free, you can take them out at any time tax free, and with no penalties or fees. All of your funds are tax free when you retire. When you pass away, your remaining funds pass to your heirs 100% tax free. To find out more about this very little known, yet powerful strategy, give us a call at: 866-480-7784. You can also get a free copy of our new, best selling book titled, The Barefoot Retirement Plan. Over 100,000 copies have already been downloaded and the book is changing lives. Get your free copy now at: http://barefootretirement.com/book #tax free retirement planning #tax free retirement savings #tax free retirement plan #retirement planning for physicians #retirement planning business owners #tax free retirement strategy #tax free retirement system #tax free retirement solutions #tax free retirement vehicles #tax free retirement video
Investing and Retirement Planning Tips: Personal Finance 101 (Part 1)
 
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http://www.integritymarketingseo.com/San_Diego-California-seo-company-search-engine-optimization-service.html Tips on how to save money, invest for retirement, calculate your financial needs and investment contributions, and how to manage your money online. investments, 401k, financial services, annuity, roth ira, mutual funds, term life insurance, long term care insurance, 401k rollover, retirement annuity, term insurance, life insurance company, term life, annuities, personal finance, financial planner, retirement plan, retirement planning, traditional ira, sep ira, investing mutual funds, 401k rollover ira, annuity investments, variable annuity, life insurance quote, 401k plan, wealth management, company 401k, equity fund, growth fund, money market, 529 plan, college fund, college savings plan, global fund, index fund, stock fund, retirement fund, http://www.lifeinsuranceira401kinvestments.com/Fullerton-ca http://www.lifeinsuranceira401kinvestments.com/YorbaLinda-ca
Views: 11996 InvestingInsurance
OregonSaves helps employees at Annastasia Salon save for retirement
 
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OregonSaves is brought to you by Oregon State Treasury. OregonSaves gives Oregonians an easier way to save for retirement. As Oregonians, we aren't saving enough for retirement; and without decent savings, we face tough decisions about housing, medicine, and food. More than 1 million workers in Oregon don’t have a retirement savings option at work, making it all the harder to save. Workers in Oregon have a new, easy way to save for retirement at work. You don’t need to do anything to enroll if your employer doesn’t offer a retirement plan. You will automatically start saving a percentage of your paycheck in your own IRA (individual retirement arrangement) that will stay with you from job to job. It will always remain your money and you have total control over your account. You do not have to participate and may opt out at any time. We work hard for our money, and it’s time our money went to work for us. The result is simple: more Oregonians will save. That’s good for all of us. To learn more about the OregonSaves program, please visit https://www.oregonsaves.com. For information for employers, please visit https://employer.oregonsaves.com For information for employees and savers, please visit https://saver.oregonsaves.com
Views: 8733 OregonSaves
The Government Retirement Savings Plan of Your Nightmares #myRATruth
 
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Get FREE REPORT on Avoiding Government Confiscation: http://CrushTheStreet.com/myRA
Views: 810 VictoryIndependence
Fidelity 401k ***VERY IMPORTANT*** 401k Fidelity Review
 
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Fidelity 401k – Is a 401k from fidelity really any good? 1-800-566-1002 http://www.RetireSharp.com . Fidelity 401k plans mainly consist of different types of mutual funds. Understand the risks involved with these type of 401k fidelity accounts and learn the strategies on how to leverage your existing Fidelity 401k retirement plan to produce a stress-free retirement. Avoid the most common mistakes that cost individuals thousands of fidelity 401k retirement dollars. Fidelity 401k - Is Fidelity The Best Company For Your Needs? So you want a Fidelity 401k to help you reach retirement goals? Today, the Fidelity 401k the most common kind of 401k plan used in the market. Many people are turning to Fidelity to help reach their retirement goals. Unfortunately, many people do not reach their retirement goals because they simply do not have a plan for what they want to accomplish in the first place. For example, many people know they want to live a certain lifestyle when they retire, but this is not a specific goal. In order to reach your target goals, it has to be some immeasurable and specific. For example, instead of knowing you want to be rich when you're retired, you might have a goal buying a beach house in Italy, traveling the world, taking up the specific hobbies is golf, etc. Your golden years should be a time when you can relax, kick back, and enjoy things like that you didn't get to when you work. A Fidelity 401k can help you reach that goal. First of all, Fidelity has been in business for a long time, and it has helped many people reach their retirement goals. It certainly is a very experienced company, and will work for you and your mutual fund investing. However, how do you know if Fidelity is the personal finance company for you? Simply look at the track record. Quite simply, Fidelity offers a wide range of mutual funds, ranging from relatively conservative to more aggressive. Depending on what kind of investor you are, you can make your investment decisions accordingly. Obviously, more aggressive regional funds will tend to have bigger ups and downs in a more conservative one, but also will possess much larger growth potential especially in the long run. If you are looking to invest money for the short term, then a more conservative mutual fund would probably be best for you. However, if you plan investing for retirement (hence retirement planning), a more aggressive mutual fund will be right for you. No matter which you invest in, absolutely make sure that retirement fund has exhibited a long and profitable history before getting involved with it. Past history is a good indication of future performance. The bottom line is this: if you really want to reach your retirement goals, and reach your full potential with investing, then you should learn how to do it yourself. Nothing substitutes taking control of your finances and spotting investment opportunities on your own. However, if you don't have the time or the desire to do this, the Fidelity 401k might be a good option for you. Of course, there are many other companies that offer great retirement planning options as well; you simply need to do your research and find the best one for your needs. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: What is a Fidelity 401k? How to rollover a fidelity 401k? 401k fidelity rollover Fidelity 401k rollover into ira Fidelity 401 k 401(k) fidelity Fidelity 401k withdrawal https://www.youtube.com/watch?v=6kfY5MqGenw
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