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Lies You've Been Told About Saving For Retirement (401k, IRA, House)
 
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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: 324727 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: 9666544 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: 13263 VIPFinancialEd
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: 4907 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: 16418 Grant Cardone
$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: 390204 Graham Stephan
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: 41270 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: 80 Beverly Ketchum
Shunning home ownership leads to early retirement
 
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How a 30-something couple got rich and retired by not joining home ownership 'cult' To read more: http://www.cbc.ca/1.3716641 »»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX Find CBC News on Facebook: http://bit.ly/1WjG36m Follow CBC News on Twitter: http://bit.ly/1sA5P9H For breaking news on Twitter: http://bit.ly/1WjDyks Follow CBC News on Google+: http://bit.ly/1TEJH7h Follow CBC News on Instagram: http://bit.ly/1Z0iE7O Download the CBC News app for iOS: http://apple.co/25mpsUz Download the CBC News app for Android: http://bit.ly/1XxuozZ »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Views: 352736 CBC News
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: 69720 The Dave Ramsey Show
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: 32377 Mike and Lauren
The Truth About 401K - Young Hustlers Sneak Preview
 
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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: 8715 Grant Cardone
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
The Ultimate Retirement Plan Alternative
 
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There's a time-tested strategy to grow your retirement savings without risking your money in the stock market and without stringent government restrictions, and it offers guaranteed growth. Instead of a traditional retirement plan with its promise of tax-deferred contributions and hidden fees, try the ultimate retirement plan alternative - Bank On Yourself. Using dividend paying whole life insurance, a Bank On Yourself plan offers predictable growth and retirement income with no luck, skill or guesswork required. This retirement plan alternative never slides backward when the markets tumble and allow you to access your principle and gains with no taxes. A Bank On Yourself plan also lets you control your money without any government penalties or taxes or limits on how much or when you can withdraw. Not only that, these plans allows you to borrow from them for emergencies, growing your business or even pay for your child's education. If you want a retirement plan that offers real financial peace of mind, visit our site and check out http://www.bankonyourself.com/best-retirement-plan-alternative before talking to an authorized Bank On Yourself advisor.
Views: 5348 Bank On Yourself
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: 58255 Money Evolution
Mark Cuban explains why a 401(k) is a no-brainer
 
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Billionaire entrepreneur and "Shark Tank" co-host Mark Cuban stopped by the office to talk about a number of topics. In this video he tells us why investing in a 401(k) is both easy and wise. Mark Cuban is the creator of Cyber Dust, a private messaging app. His user name is +blogmaverick. -------------------------------------------------- Follow BI Video on Twitter: http://bit.ly/1oS68Zs Follow BI Video On Facebook: http://on.fb.me/1bkB8qg Read more: http://www.businessinsider.com/ -------------------------------------------------- Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
Views: 233526 Business Insider
Cash Is King: Part 1 - Saving vs. Investing
 
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Cash Is King: Part 1 - Saving vs. Investing Get 10X RETURNS (or more) ON LIQUID CASH Without giving up quick access to capital. FIND OUT HERE: https://themoneyadvantage.com/liquid-capital They say that beauty is in the eye of the beholder. Likewise, savings is magical, beautiful, powerful, but only for the person with the eyes to see its worth. When I have savings – cash in my control that I can use – I’m more relaxed and confident. I’m infinitely more creative when I’m safe and at ease. I’m able to direct all my energy to producing, taking action to create the next thing instead of protecting and hiding out in fear of losing everything. If it doesn’t work out, I’m not going to crash and burn. It’s like the solid foundation beneath my feet that keeps me progressing instead of slipping backward. When you save money, you keep it. You’re not seeking high returns. You don’t put it at risk. You can save money under the mattress, in a coffee can buried in the backyard, in the bank. No matter where you save, unless you spend it or it gets stolen, you aren’t losing your money. Saved money is safe money that is guaranteed to never go down in value. Contrast this with investing. When you invest, you’re looking for returns. You take on risk with the hope to get a return. With the risk, you get the potential for growth of your money, but also the potential for loss. Invested money has a risk of loss, and can go down in value. Enter the 1980s hype of the 401(k), where you could “save” for retirement and get returns too. You could also “save taxes”, but we’ll leave the tax issue completely off the table until another episode. If you put aside just $200/month for 45 years, at an expected 8% return, you could turn your account into over a million dollars. Problem is, people came to learn that there were times when they put their money in, did all of the right things, but the market still mercilessly washed away their life savings as indiscriminately as the waves of the ocean wash away sandcastles built on the shoreline. If you put your money at risk, it’s not saving, it’s investing. You can never apply compound interest principles to an investment because you’ll never see consistent, predictable returns. And hoping to be lucky and not lose will only cause your blood pressure to rise over things that you can’t control, like when the bottom dropped out and the S&P 500 lost 57%, more than half of its value, in the 2 years from 2007 to 2009. The rule of thumb is this: if it can lose value, it’s not savings. This disqualifies anything in the stock market, whether its mutual funds inside a 401(k), 403(b), IRA, or Roth IRA, and even equity in your home. Years and years of putting money away where you have the potential for loss can never guarantee you a certain future, and any expectation of that actually working out in your favor is built on false hope and absolving of responsibility. So while most people are busy believing the marketing and following the rules, investing in their retirement plans automatically with payroll deductions, and only saving if there happens to be enough left over, the ultra-wealthy who’ve transcended the system are doing just the opposite. The successful prioritize saving. So much so, that they save automatically. Why? Because they have boring, predictable money that they can count on to be there when they are ready to make a deliberate investing decision in the right opportunity, such as buying assets at a deep discount during a time of crisis. Instead of investing on autopilot and saving when they can, they are saving automatically and investing intentionally. Savings is like the safety net beneath the acrobats at the circus. With the buffer between the tightropes and the floor, the artists can confidently demonstrate the skill they’ve mastered. Without the safety net, they’d never scale the heights that they do. It’s time to revive your savings, and reawaken to the power it has in allowing you to live a truly free life, not just in the future, but right now, where it counts. Because living free to be your most productive, creative, highest potential version of yourself today is the only way to set up for an amazing tomorrow. To start prioritizing your savings, here’s what you can do today: 1) Write down any accounts where you are holding money 2) Go down the list and ask yourself these questions: A) Does this account have the potential to go down in value? If so, it’s an investment. B) Is it liquid and accessible? IF you are weighted towards money at risk, turn the tables – set your savings to auto-deposit, every paycheck, and be ok staying in cash until not only a good opportunity but precisely the right opportunity, surfaces. ”Music: http://www.bensound.com/royalty-free-music" #fulllifewealth #cashisking
The Secret to No Risk Stress Free Retirement Planning
 
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Call 630-834-3794 Retirement Planning can be intimidating to some, but if you know the secret to eliminate risk and loses from investing and using saving money strategies instead, you can have 2 to 5 times more money in retirement. For instance the difference between 4% compounding and 8% compounding isn't 4%, it is that you will have four times more money when you retire. Learn how money works. Call 630-834-3794 http://retire.vpweb.com/the-secret
How Much to Contribute to a 401k | BeatTheBush
 
06:22
Sometimes, saving for retirement could be overdone and hurt your current financial needs. One has to remember that while there are a lot of tax advantages to contributing to a 401k plan, contributing too much could cost you more in the long run. It is important to first collect all possible matching supplied by your employer first. The amount to contribute more than that should be determined if this is 'investing' money. That is, if its money you do not need to buy things, saving for a down payment on a home, or may need it for certain things before you retire. Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY
Views: 73484 BeatTheBush
How to invest if you don't have a 401k?
 
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What if you don't have access to a 401k at your employer or it's not worth it due to no employer match? You still need to take control and today Ill show you how to fake a 401k so you can have what you need for retirement. We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Retirement Savings: The Difference Between 401(k) and Roth IRA | Making Cents | NowThis
 
02:06
Here’s how to know which retirement savings plan is right for you. » Subscribe to NowThis: http://go.nowth.is/News_Subscribe When you start a new job, your employer will usually give you two options to save for retirement — a traditional 401(k) and a Roth IRA. The traditional 401(k) takes money out of your paycheck before tax, instead you get taxed when you withdraw money from your retirement account later on. With a traditional 401(k) you risk getting taxed a lot more later down the road when you go to withdraw money vs. paying a lower tax as you make contributions. A Roth IRA works on a post-tax, which means you get taxed as you put money into the account. The upside is that, as your money grows in value over time, it grows tax-free. So, when you go to withdraw money, you don’t pay an additional tax. The downside is that you pay taxes upfront and there is a cap on how much you can contribute in a year. People under the age of 50 can contribute up to $5,500 in 2017 and 2018. No matter what, it’s always a good idea to check with your employer and find out what retirement options they offer, because some companies do offer a default retirement plan. We all should be saving for our retirement, so make sure you do your research and pick the plan that will be more beneficial for you. Connect with NowThis » Like us on Facebook: http://go.nowth.is/News_Facebook » Tweet us on Twitter: http://go.nowth.is/News_Twitter » Follow us on Instagram: http://go.nowth.is/News_Instagram » Find us on Snapchat Discover: http://go.nowth.is/News_Snapchat NowThis is your premier news outlet providing you with all the videos you need to stay up to date on all the latest in trending news. From entertainment to politics, to viral videos and breaking news stories, we’re delivering all you need to know straight to your social feeds. We live where you live. http://www.youtube.com/nowthisnews @nowthisnews
Views: 835 NowThis News
How to spot a pension scam
 
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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: 1800 Unbiased
Why You Should NOT Save A CENT For Retirement!
 
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Donations: https://www.paypal.me/dice960 RELATED VIDEO: "Social Security: Why $867 is more than $1350!" https://www.youtube.com/watch?v=f0HWKBI1ODY In this sequel to Ray's now-viral video on how "less is more" with Social Security (why $867 is "greater than" $1,350 in benefits), he now addresses why most people should never save even one red cent for retirement. Aside from the obvious sacrifices of present lifestyle, it goes way beyond that. Building a solid retirement is NOT just about money! As the proverb says, if you live your life right, you get to relive it when older, but you also benefit in many other ways the money-obsessed financial planners do not factor into their equation.
One of the BEST way to save on taxes: What is a 401k
 
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Since this has been one of my most requested video topics, I’ll be discussing exactly what a 401k is, why you should (or shouldn’t) contribute to it, and several of the pros/cons of this retirement account. While it does allow you to invest up to $18,000 per year of pre-tax money, reducing your taxable income and potentially saving you thousands, it may come at a cost depending on your situation and it’s important to take everything into consideration. Feel free to add me on snapchat / Instagram: GPStephan What does a 401k do: It allows you to invest with pre-tax money so you have a larger amount upfront to invest with. You can contribute up to $18,000 per year to this account, or $24,000 per year if you’re over the age of 50. The way it works is pretty straight forward - the money you contribute to a 401k is not taxed right now, but instead it’s taxed when you reach retirement age of 59.5 - when hopefully you’re in a lower tax bracket than you are right now, so you end up profiting the difference from what you would’ve paid in taxes NOW, and the lower rate in the future (hopefully). The biggest advantage here is that you have pre-tax money working for you. That $4500 you would’ve paid, for instance, can be invested and grow to a substantial amount when you’re much older. If you’re employed right now, you can check and see if your employer has a 401k plan - if they do, speak with your employer and go ahead and you can begin contributing to it. Sometimes your employer will offer you a FREE match up to a certain amount - this is pretty much just free money, so you should go ahead and contribute up to the match. If you’re self employed, you have the benefit of opening up a SEP / SOLO 401K - this is a 401k plan that you can contribute to as both the employer and the employee, allowing you to contribute up to $54,000 of income. If you’re not employed, don’t worry about it - but consider making some money and opening up the IRA account. Generally speaking, a 401k makes the most sense if you’re making a lot of money right now and intend to retire in a lower tax bracket. This means you pay less taxes right now, and then when you retire in a lower tax bracket, you profit the difference from what you pay today and the lower amount you’ll pay in the future. You also have MUCH more money working for you right off the bat than if you went with a Roth account, which is done with after-tax money. But chances are, if you’re young and expect to continue to earn a lot more money into the future and in retirement, do your research most likely a Roth IRA is going to be a slightly better choice. However, unlike a Roth IRA where you can withdraw your contributions without penalty…in a 401k, you must leave your money in there. If you take it out, it’s subject to taxes and a 10% penalty unless under specific circumstance - so I recommend just leaving it in there. Now, lets discuss a few downsides I personally see with the 401k option. 1. Lack of liquidity. You tie up your money long term. 2. Your employer plan could have really high fees. Seriously, if your employer has a plan that charges something like 2% per year, that could dramatically reduce your returns. 3. There’s a chance you retire in a higher tax bracket. That’s one of my biggest worries for myself personally, is that even though I’m earning a lot right now, I have no intention of this decreasing during retirement - I actually want to make more money when I retire. 4. Your money is subject to market risk. This is pretty much unavoidable, but there is risk - and i’ll cover this risk in future videos. Personally, I recommend doing a little bit of everything - I have a Roth IRA account and a 401k, so I contribute to both just to give me more options. No one really knows what the future will hold and what taxes will be like in 40 years, so doing a little bit of both hedges your bet and gives you a bit of a safety net. With this said, this video is just meant to be an introduction to a 401k and its options so you could continue to do your research and determine what’s right for you! 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: 10646 Graham Stephan
Retirement Planning Explained - Best Retirement Plans Review
 
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What are the best retirement plans – What is retirement planning fully explained? http://www.RetireSharp.com 1-800-566-1002. What are the best types of retirement plans and learn how you can avoid the most common mistakes that individuals have made when looking to set up retirement planning for their goals. Retirement Planning With Annuities You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you'll need to fund your retirement. That's not as easy as it sounds, because retirement planning is not an exact science. Your specific needs depend on your goals and many other factors. Many financial professionals suggest that you'll need about 70 percent of your current annual income to fund your retirement. This can be a good starting point, but will that figure work for you? It depends on how close you are to retiring. If you're young and retirement is still many years away, that figure probably won't be a reliable estimate of your income needs. That's because a lot may change between now and the time you retire. As you near retirement, the gap between your present needs and your future needs may narrow. But remember, use your current income only as a general guideline, even if retirement is right around the corner. To accurately estimate your retirement income needs, you'll have to take some additional steps. Your annual income during retirement should be enough (or more than enough) to meet your retirement expenses. That's why estimating those expenses is a big piece of the retirement planning puzzle. But you may have a hard time identifying all of your expenses and projecting how much you'll be spending in each area, especially if retirement is still far off. Don't forget that the cost of living will go up over time. The average annual rate of inflation over the past 20 years has been approximately 2.5 percent. (Source: Consumer price index (CPI-U) data published annually by the U.S. Department of Labor, 2013.) And keep in mind that your retirement expenses may change from year to year. For example, you may pay off your home mortgage or your children's education early in retirement. Other expenses, such as health care and insurance, may increase as you age. To protect against these variables, build a comfortable cushion into your estimates (it's always best to be conservative). Finally, have a financial professional help you with your estimates to make sure they're as accurate and realistic as possible. Decide when you'll retire To determine your total retirement needs, you can't just estimate how much annual income you need. You also have to estimate how long you'll be retired. Why? The longer your retirement, the more years of income you'll need to fund it. The length of your retirement will depend partly on when you plan to retire. This important decision typically revolves around your personal goals and financial situation. For example, you may see yourself retiring at 50 to get the most out of your retirement. Maybe a booming stock market or a generous early retirement package will make that possible. Although it's great to have the flexibility to choose when you'll retire, it's important to remember that retiring at 50 will end up costing you a lot more than retiring at 65. The age at which you retire isn't the only factor that determines how long you'll be retired. The other important factor is your lifespan. We all hope to live to an old age, but a longer life means that you'll have even more years of retirement to fund. You may even run the risk of outliving your savings and other income sources. To guard against that risk, you'll need to estimate your life expectancy. You can use government statistics, life insurance tables, or a life expectancy calculator to get a reasonable estimate of how long you'll live. Experts base these estimates on your age, gender, race, health, lifestyle, occupation, and family history. But remember, these are just estimates. There's no way to predict how long you'll actually live, but with life expectancies on the rise, it's probably best to assume you'll live longer than you expect. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: retirement plans Best retirement planning Top retirement plans Retirement planning for dummies Retirement planning for beginners What are the best strategies for retirement plans so that I can avoid critical retirement planning mistakes? https://www.youtube.com/watch?v=fCOH4xL5z-Y
Views: 2817 retiresharp
Tony Robbins - Excessive fees are destroying your 401k savings
 
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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: 44677 America's Best 401k
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.
THE GREAT PENSION FUND HOAX - Corporation Nation 2
 
03:54:44
***I posted this on July 14, 2011 - 7 days ago. On day 1, the hit counter went to 301 views in about two hours and stayed there for 6 days. Today, at 400 views, I know what it feels like to be censored. I've no idea how many have actually seen this. Talk about frustration... This 4 hour presentation is part 2 of the Corporation Nation series. While a shorter, condensed version will be released soon, The Great Pension Fund Hoax is presented as documentary evidence of corruption and greed within our government and as a reference work. This is not for entertainment. Understanding this information about the Comprehensive Annual Financial Report (CAFR) system of accounting in government will answer the question that has eluded you for so long, just as it did me... Why? Why do corporations get away with murder? Why does government allow this to happen by passing laws and regulations, and deregulating the very framework that these corporations operate within, both nationally and internationally? Why are We, the People suffering at the hands of this oligarchical government, while our taxpayer dollars are being used against us? And why does there seem to be no difference between the private sector and the public one? Answer: Because government owns it all!!! Note... I am mad as heck that after hours of self-editing, and two full days to process this final version, I had one misspelling at the worst possible spot. Please don't tear me apart for this, it is of no benefit to anyone. Please learn... and comment for the benefit of the people.
Views: 35590 TheCorporationNation
What Happens to Your 401K and IRA After Retirement? You May be Surprised
 
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For most of our lives, we focus on adding to our 401K and IRA. Then, when we reach retirement, the situation suddenly reverses. Unfortunately, there are very few people out there who are willing to give us accurate advice on how to handle our 401K and IRA plans after retirement. Why? Because it's way more profitable to focus on people who are still saving! This is why I am so glad to have financial expert, Pam Krueger, on the show today! Join us as we discuss the truth about what happens to your 401K and IRA plans in retirement. Enjoy the show! What are you doing to improve your financial situation in the years leading up to - or during - retirement? What financial questions would you like me to ask Pam next time we talk? Please join the conversation! Read our Sixty and Me articles about making money in retirement at http://sixtyandme.com/category/how-to-make-money-in-retirement/ Find out more about Pam Krueger and her work at http://www.pamkrueger.com SUBSCRIBE to my YouTube channel: http://www.youtube.com/subscription_center?add_user=sixtyandme Try our gentle yoga videos: http://sixtyandme.com/gentle-yoga-for-seniors-videos/ Get more from Sixty and Me at: http://sixtyandme.com/start
Views: 4924 Sixty and Me
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: 73939 AaronClarey
401k for Dummies - What is a 4o1k?
 
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What is a 401k for dummies Are 4o1k plan really any good? 1-800-566-1002 http://www.RetireSharp.com. 4o1k plans are the most used types of retirement accounts. Understand the basics of a 401k plan for dummies and avoid the most common mistakes that individuals make when setting up their accounts. 401k Retirement Plan for dummies A 401k is a type of employer-sponsored retirement plan. It is a way for employees to save for their retirement by having a certain percentage of their paycheck withheld by their employer and deposited into the company's plan. Employers can choose to match the employee's contributions and thereby share the profits of the company with their employees. The plan is usually operated through an investment firm. How does a 401k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 4o1k account. The money in the plan is invested in various financial instruments, such as mutual funds. The money stays in the account until you reach a certain age when it is legal to withdraw the money, or until you meet any of the several exceptions to the age rule. Since the money will be in the account over a period of years, this causes the account to earn money through compounding, so your account grows not only through your regular contributions made from your paycheck but also by earning interest or dividends. How do I make contributions to a 401k for dummies? You make a contributions through your employer. If you decide to participate in the plan, you will determine what percentage of your paycheck that you want to be deposited in your account, and your employer will withhold that amount from each paycheck you receive. The employer then deposits the withheld money into your account, along with any matching contributions, so contributions are made to your account each pay period. When can I withdraw my money from a 4o1k? You can withdraw your money at any time. However, if your withdrawal is an early distribution, you will have to pay an extra tax on the withdrawal.3 What is an early distribution? An early distribution is any money taken out of your 401k before reaching age 59 ½. Early distributions are subject to a 10% tax penalty in addition to regular income taxes, so if you withdraw $5,000 when you are 45, you will have to pay $500 as a tax penalty. However, as discussed in the following question, there are some exceptions that allow you to withdraw money before age 59 ½ without owing the 10% penalty.4 If you leave the company, you can choose to leave your 401k as it is, or roll it over into a Traditional IRA. If I quit my job where I was participating in a 401k for dummies plan, what happens? The money you contributed to the 401k is always yours, regardless of how long you have worked for the employer. Generally, an employer requires that you work a certain number of years before you are vested, which simply means that you are legally entitled to the employer's matching contributions. Therefore, depending on your employer's rules, you may or may not be able to keep the employer's matching contributions. Please make sure to subscribe to our YouTube channel for the most updated videos. Thanks for watching! Related search terms: What is a 4o1k plan? 401k plan for dummies 4o1k for dummies 401k definition for dummies Best 401k for dummies Are 4o1k plans any good? https://www.youtube.com/watch?v=fKbJdPn2Fi0
Views: 90433 retiresharp
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: 33529 Jazz Wealth Managers
Investing in a 401k for Beginners | BeatTheBush
 
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You landed a new job and got a shiny new 401k. Which fund are you to invest in and what should you do when switching jobs? What if there is a down turn, would you be inclined to pull it out after you see it down 50% for a year and the market seems to be lagging for forever? Let me discuss the strategy behind how you are suppose to invest so you can be prepared in case any of this happens. Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this: http://www.audibletrial.com/BeatTheBush ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Credit Card for Starters Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0 Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q Credit Card Basics How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A How Credit Card Grace Periods Work: https://youtu.be/8WuH3-PsjCA Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM Credit Card Statement Closing Date vs. Due Date: https://youtu.be/3-knvT7JbTk Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU Credit Card Balance Transfer Hack: https://youtu.be/F2Foqg2ZTEw Credit Score Less Than 700 Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8 How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM How to Boost Your Credit Score Within 30 Days: https://youtu.be/LyBjciz4-zg Credit Score More Than 700 How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs 740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM Advanced Credit Card Tricks How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8 Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4 Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg Cash Back Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4 Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk 5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI Always get 11% Off Amazon Gift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4 Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho How I Make 200 Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M Amex Blue Cash Preferred vs. Everyday Effective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0 Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo This Channel: BeatTheBush I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel. Other Channels: BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY My Tech Reviews: https://www.youtube.com/channel/UCMJPtLUzXP6vKn_Vg2yQehQ The Lazy Cook: https://www.youtube.com/CookLazy
Views: 27518 BeatTheBush
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: 32046 Grant Cardone
Retirement Planning Basics | How much should I save for retirement?
 
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Clarify your finances - control your future Want to learn more? https://www.mutualfundstore.com/retirement-planning Where do you stand financially? Are you confident you'll have the money you need for the things that are important in your life? The first step in planning for the future is defining where you are now. The advisors of The Mutual Fund Store begin the planning process with a full review of your financial situation in order to clearly see the gaps that need to be filled so that you get you where you want to be. Preparing for retirement is like planning a vacation: Before getting on the road, you want to have a pretty good idea where you are going and how to get there. The first step in retirement planning is to assess your situation -- to add up the assets you will depend upon to support your life in retirement. Taking stock of resources for retirement involves gathering information and making a list of assets and financial amounts. Our investment advisors can help you assess your assets in a way that will help anchor your retirement plans in reality in order to arrive at the destination you are seeking. Investment assets Your retirement nest egg consists of savings and/or investments that you will draw upon once you stop working. Start your assessment process by making a list of these assets, along with the current value of each one, plus the anticipated value at retirement. Current balances for most investment assets are easy to get from recent account statements. When it comes to anticipated values, you can start with the current balance and add the amount you are able to put into savings each month, carried forward to your desired retirement age. Be sure to consider all of the different varieties of savings and investment accounts: - IRAs, 401(k)s and similar retirement accounts -- either regular or Roth. - Mutual fund accounts including stock, bond and money market funds. - Brokerage accounts with securities and cash held in them. - Bank or savings accounts or CDs. - Stocks, bonds or other securities that you hold directly. - Ownership of a business, farm or income-producing property. - Consider your home differently. Most people count a home as their biggest investment, but you should think about whether you plan to stay in that home after retirement. You have to live somewhere, so even a paid-up house may not be an asset that produces cash for retirement. Similar thinking is needed for other large assets like a vacation home, timeshare, boat or RV. If you aren't open to disposing of them, don't count on them for retirement income. - Retirement income Sources of retirement payments such as Social Security and pensions represent significant streams of cash flow to support your retirement lifestyle. You can gather information on the two main sources of expected retirement payments: Pension plans -- check with current or former employers to see if you qualify for benefits, when and how much the payments will be, including whether they are inflation-adjusted. Social Security -- get estimates of your future benefits and eligibility from the Social Security Administration. Details of these payment streams are important. For example, starting Social Security benefits before full retirement age (age 66 for those born between 1943 to 1954 and age 67 for those born 1960 or later) results in reduced payments for the rest of your life. Delaying Social Security until later increases benefits above your basic amount. Similar logic holds true in some pension plans. - Having enough Making an inventory of assets prepares you to begin a retirement plan discussion with your advisor. Another good preliminary step is to plug information into an online tool such as our Retirement Planner Calculator. This will start you on the road toward answering the ultimate question, "Do I have enough to retire?" Take these results and meet with a professional investment advisor. With professional assistance, you can assess more accurately: How much income your assets can generate in retirement. The best balance between positioning investments for growth and preserving assets. How to use income and/or a gradual draw-down of principal to make your assets last. Providing resources for today's retirement, which can last 30 years or more, is a complicated task. Arming yourself with the facts, getting help from a financial professional and making wise decisions will put your retirement plans on a solid foundation.
Views: 1636 Financial Engines
Qualified Retirement Plans May Reduce Spendable Income - Let's Get Down to Business - Part 2 of 5
 
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Sub Headline: Taxes in Retirement is the #1 Threat in Retirement Cash Flow Synopsis: Most American workers don’t comprehend the realities of retirement until they’re a few years from retirement date, which is often too late. They’re just too busy dealing with immediate financial pressures to understand the long haul consequences of their participation in ERISA qualified retirement plans. Watch the interview with syndicated financial columnist, popular platform speaker and talk show host, Steve Savant. Content: The largest block of retirement savings in America is in ERISA qualified defined benefit and defined contribution plans: totally tax deductible. But as a consequence of using an ERISA plan comes the loss of recoverable basis. All ERISA qualified plan income is taxed at ordinary income rates and is included in the provisional income test for Social Security benefit taxation. Taxes are the number one expense in retirement and can erode the cash flow necessary to meet essential retirement spending as well as restrict discretionary spending, i.e. no fun money. To combat the present 20 trillion dollar debt and 60 trillion in future obligations, taxes must go up and that’s not factoring in any budgetary spending increases. It is inevitable that Millennial retirees will pay a significant portion of their retirement plan dollars and Social Security benefits to taxes, perhaps up to 40%! None of this includes the true cost of living that could impact the purchasing power of your retirement dollar. The qualified plan trap will ensnare many unsuspecting seniors fifty years from now. Many Millennials are convinced there must be a better way. And they’re right. There are some little-known tax favored funding vehicles that you can take advantage of today. (And just a FYI, this is under current tax code, which could change.) The four tax-free funding vehicles are health savings accounts, Roth IRAs, cash value life insurance and Home Equity Conversion Mortgages. The last two are collateralized loans against a cash value life insurance policy and the equity in your home. Roth IRAs have some ERISA regulations attached to them, but no required minimum distributions. The last three are not tax deductible, but they accumulate tax deferred and can generate tax-free distributions. Health savings accounts are also tax deferred and can generate tax-free distributions, but are also tax deductible. Heath savings account distributions can be used only for medical expenses and insurance premiums like long-term care, disability and health insurance, as well as Medicare premiums. The combination of all four could be significant in retirement because of the tax-free distributions that are not includable in the provisional income test for Social Security benefit taxation. More information on these follows in the next three press releases. Syndicated financial columnist, popular platform speaker and talk show host Steve Savant features his series on Millennial Tax Free Retirement. Let’s Get Down to Business is an hour-long financial talk show for financial professionals distributed online in 5 ten-minute video press releases Monday through Friday through Trans World News 280 media outlets, Steve’s social media networks and industry portals. (www.lifesizesolutions.com) https://youtu.be/RHDcVAtY4K0
Is Your 401K Plan a Rip Off?
 
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Do you think you are getting ripped off by your 401(K) plan? It's a possibility, with high fees, terms and conditions you may not really understand. Here we talk about those and a law that will prevent you from being a victim. http://www.mybanktracker.com/retirement/basics/Is-My-401-k-Plan-a-Rip-Off/102350 Click the link above to learn more about your 401(k).
Views: 1994 MyBankTracker
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
Financial Advisor Scam
 
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The role of a financial advisor during your retirement can be valuable. It is the time that you want to enjoy and spend with ease without having to worry about your finances. Your financial advisor takes this load off you and helps you plan your investments better and manage them as well. It ensures that you don’t have to worry about your money. Do You Need a Financial Advisor to Help with Retirement: To be certain if you need a financial advisor to help with you retirement, consider the following points: • You are young and well-read. You have some knowledge of the financial market and investment options. However, a financial advisor can make a lot of difference to how your investments perform by helping you make the right choices. • Tracking stocks and other investment options such as real estate takes considerable time. An expert can help you to not only identify the best investments for you, but also refine them from time-to-time to get the best out of them. It can help you to better plan your retirement also. It is a fallacy that saving for retirement can happen ‘later’. The sooner you begin to save funds for your retirement more you can have at our disposal during your silver years. • You are at the cusp of your retirement or already are and you either want an expert to counsel you about your investments or have someone manage your funds. Whatever your reasons for wanting to hire a financial advisor for your retirement, help from a professional certainly has its perks. • Your financial advisor can help you with expert opinion and guide you with appropriate allocation of your investment portfolio. Right asset allocation can get you the desired return on investments while one simple mistake in purchasing or selling the equity or bond can lead to huge losses. Do You Need a Financial Advisor to Help with Retirement: Hiring the best financial advisor: Whether you are hiring a financial advisor right before your retirement or much before it, he can help you plan better for your future. However, you need to hire an expert, so consider the following before you make your decision: • Check the advisor’s credentials, experience and performance over the years • See if his advice is actually helping you or not • Be certain that the advisor understands your financial goals and works accordingly A right financial advisor can be your ally to help you plan a better retirement, so it is important to choose wisely. Why use an Independent Financial Advisor As discussed earlier this is a professional who will help you make big decisions on savings, investment alternatives, and also help with setting and meeting financial goals, all without being influenced or contractually bound to one brand or company. If you hire an independent financial advisor, you can be sure that the advice they give will be free of bias and will be in your best interest. Depending on what you want to achieve with your money, you can choose an independent financial advisor who specializes in that field. There are ones who deal with home buying, investing in the markets, real estate, retirement planning and many other such fields. Choosing the right financial advisor: Not everyone can claim to be an independent financial advisor, even if he/she is good at handling money and you would readily pay to help you with yours. There is a stringent and rigorous examination that has to be passed. The Certified Financial Planner Board of Standards is the apex body that certifies financial advisors and gives them the CFP badge. Every CFP has to continue their education and keep updating themselves on financial planning ethics and standards at regular intervals. Why an independent advisor is a good idea: It is imperative that the person you want to work with is an independent financial advisor simply because he/she is the one who can offer you real advice. Even then, there are several interpretations to the concept and there may be professionals out there who are are limited by and limited to the amount of information they can give you. The planners who make their living solely on the commissions they make from selling to you are among those who make claims of being an independent financial advisor, but may not be completely unbiased and may gradually steer you toward products that benefit them. A truly independent financial advisor will not fit you into a template that exists in the form of some product package, but tailor a portfolio and plan specifically for your needs. Doing it will ensure that your money is not being wasted and that the avenues through which you reach your financial goals are the ones that will benefit you the most. Follow me on twitter http://www.twitter.com/dadowjane/ Visit my website http://www.jamiespayday.co.uk/
Retirement Savings In Jeopardy With New GOP Tax Plan | MSNBC
 
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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: 5986 MSNBC
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: 583 FOX 5 Atlanta
Why 401k Savers Don't Have Enough to Retire
 
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http://www.dscottlofthouse.com/TOA-quick-start-page. 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). 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.
Pension scammers want your members’ savings
 
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Thousands of people have lost their life savings from scammers. Don’t let your members be next http://www.pension-scams.com
Steps to doubling your retirement savings
 
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IRAHelp.com founder Ed Slott on the steps to boosting your retirement savings. Watch Gerri Willis talk about Income Tax, Retirement, Retirement Planning, Tax Reform, and Taxes on Willis Report.
Views: 2843 Fox Business
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
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: 5707 Christopher O'Malley
401K Fallout   60 Minutes Segment
 
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Visit http://www.rocksolidwealthdesigns.com for help with the best retirement plans.
Is a 401k a Good Investment? What About an IRA?
 
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Are 401k's or IRA's good investments? Or are you giving up too much control for speculative investing. You want to be in control of your financial future. Social Security is something that we have been relying on for years and supposedly funding your retirement but the system is broken. Here's what Steven and I, really feel about the 401k and IRA. Watch and Enjoy! Kris Krohn & Nate Woodbury WORK WITH KRIS: ======================== Becoming a successful real estate investor is easier than most people know… as long as you have the right Mentor and the right system. Click here to learn your best options: http://LimitlessMentor.com/TV/ BOOKS By Kris Krohn ======================== The Straight Path To Real Estate Wealth: http://limitlessmentor.com/TV The Conscious Creator: http://amzn.to/2gFEkblLimitless: http://amzn.to/2gLQXoV Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 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 ======================== Video by Nate Woodbury (The Hero Maker) BeTheHeroStudios.com http://YouTube.com/NateWoodburyHero
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: 609676 PragerU
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: 13681 USDepartmentofLabor