I am 52 and I am way behind the 8 ball! I now see how bad black folks have it when it comes to retirement! I was never taught or was told about stocks or saving for long term! but with youtube and the internet I am getting so much better! I have a Roth IRA I am working on getting my 7,000 before the 12 months! I put both my kids though college and they are both grown and I am not having anymore kids! the one thing I do have power over is my health! and I don't look like a middle age man! MY HEALTH IS MY WEALTH! I see so many my age all messed up! they have money but are always at the doctors or a out of shape and 100 MEDS! well! I love this and I am learning! thank you
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Alice Marie Coraggio, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
If you own a home, and you go into a nursing home, the nursing home will take your assets including your home even if you have insurance. My mom is in a nursing home and wow, I had no idea. They take everything she owns. Unless the house was put in the children's name 10 years prior.
Why would you go to a financial planner at 50 if you have not even started? I started saving in my mid 20s and looking to retire sooner than later. Now in my 50s, I am hoping to retire by 60 but health insurance will be the big factor with the current economy. Thank you for these videos. As for being able to contribute more at 50 only helps those who make more money. What about those who don't make big money? Now with stock market down, I need to be more poor as I save for more money for later that I may not get to enjoy. And tell me that I will still need to work till 67.
People, please have a living will and DNR in place, as a nurse i see 90 yr old pts hooked up to ventilators rotting away in a hospital bed , suffering like animals because they had nothing in writing to stop this torture.
You certified financial planners are great and will be awesome double dipping connecting families to Number 7 in a complete administration plan to protect the other 6 steps. You’ll distinguish yourselves among your peers connecting families to a permission validation Trust Information interdiction inheritance and legacy wealth transfer plan.
All great advice for those who have been able to have an income to save. Many have had not much money extra at all due to their job or kids or divorce or single parenting with kids, no money left after bills to save living by the seat of their pants.This maybe why people choose suicide, or drugs or alcohol. The cant get above the line. Also what about inheritance let say you got an inheritace from a friend or parents who passed how would you handle that if you had no money but now you do suddlenly is the situation repiarable and how? obviously depends how much was left and what age you are. Lets say 50 and up. Other wise it pretty grim if you have not much money in general and lator on or education when you were in your teens from parents as how to save if they didnt teach you.
I just got a sp 500 and was wondering if that is all I need. I have no retirement, no investments. Is this going to be enough when I retire if I throw a bunch of money in it each month?
You should learn everything you can about investing. There is free information on TH-cam (make sure it is from a legitimate source) and free information at the library and from your company etc. I would not rely on answers from folks watching this as your future retirement is too important. Make sure you research and take the time to get good information. The more you watch, the more you will learn.
You can convert from IRA to a Roth IRA but… you have to pay the taxes at the end of the year. I keep doing 25000 chunks but owe 4+ grand. Still worth doing
I am 52 and I am way behind the 8 ball! I now see how bad black folks have it when it comes to retirement! I was never taught or was told about stocks or saving for long term! but with youtube and the internet I am getting so much better! I have a Roth IRA I am working on getting my 7,000 before the 12 months! I put both my kids though college and they are both grown and I am not having anymore kids! the one thing I do have power over is my health! and I don't look like a middle age man! MY HEALTH IS MY WEALTH! I see so many my age all messed up! they have money but are always at the doctors or a out of shape and 100 MEDS! well! I love this and I am learning! thank you
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family...
@rachealhubert74 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. Alice Marie Coraggio, a licensed fiduciary whom has made me over 5 figures in profit in less than seven months, handles my investments. I could leave you a lead if you need help.
@rachealhubert74 Alice Marie Coraggio
Lookup with her name on the webpage
@rachealhubert74 Bridget Mary Turow her trading strategies is working for me for more than a year now and I’m making good profit from the stock market and she's 100% honest, reputable and trustworthy
If you own a home, and you go into a nursing home, the nursing home will take your assets including your home even if you have insurance. My mom is in a nursing home and wow, I had no idea. They take everything she owns. Unless the house was put in the children's name 10 years prior.
Why would you go to a financial planner at 50 if you have not even started? I started saving in my mid 20s and looking to retire sooner than later. Now in my 50s, I am hoping to retire by 60 but health insurance will be the big factor with the current economy. Thank you for these videos.
As for being able to contribute more at 50 only helps those who make more money. What about those who don't make big money? Now with stock market down, I need to be more poor as I save for more money for later that I may not get to enjoy. And tell me that I will still need to work till 67.
People, please have a living will and DNR in place, as a nurse i see 90 yr old pts hooked up to ventilators rotting away in a hospital bed , suffering like animals because they had nothing in writing to stop this torture.
You are so right. My animals didn’t even suffer - they received the kind death when the time came.
You certified financial planners are great and will be awesome double dipping connecting families to Number 7 in a complete administration plan to protect the other 6 steps. You’ll distinguish yourselves among your peers connecting families to a permission validation Trust Information interdiction inheritance and legacy wealth transfer plan.
A good reminder/wake up call
The system intentionally makes people’s life so complicated. Even To think about it, has already taken away a big chunk of pleasure of one’s life.😂
US Stock market (S&P500) scares me. US making a lot of disastrous mistakes by the day. It’s becoming very scary depending on the 4% rule for S&P500.
You should listen to Financial Feminist podcast
All great advice for those who have been able to have an income to save. Many have had not much money extra at all due to their job or kids or divorce or single parenting with kids, no money left after bills to save living by the seat of their pants.This maybe why people choose suicide, or drugs or alcohol. The cant get above the line. Also what about inheritance let say you got an inheritace from a friend or parents who passed how would you handle that if you had no money but now you do suddlenly is the situation repiarable and how? obviously depends how much was left and what age you are. Lets say 50 and up. Other wise it pretty grim if you have not much money in general and lator on or education when you were in your teens from parents as how to save if they didnt teach you.
I just got a sp 500 and was wondering if that is all I need. I have no retirement, no investments. Is this going to be enough when I retire if I throw a bunch of money in it each month?
Likely No. look up the 4% rule to get a ballpark estimate
You should learn everything you can about investing. There is free information on TH-cam (make sure it is from a legitimate source) and free information at the library and from your company etc. I would not rely on answers from folks watching this as your future retirement is too important. Make sure you research and take the time to get good information. The more you watch, the more you will learn.
Stupid initial advice!! I haven't heard anything from these guys that isn't basic knowledge.
It is the duty of the intelligent to repeat the obvious.
What about kids college? Big later in life expenses.
I'm disabled living with my parents but I pay for my own insurance. Can I transfer money from my Ira to my Roth account and then pay less in taxes?
Pay now or pay later. Either way the greedy tax man has his hands in your pocket.
Pay now and pay no taxes on your gains. Pay later you pay taxes on total value. Roth!
You can convert from IRA to a Roth IRA but… you have to pay the taxes at the end of the year. I keep doing 25000 chunks but owe 4+ grand. Still worth doing
Make sense… trying to Max HSA and Roth IRA with catch-up… I have child support till 58 so that is all that can be done in my position
@@GoatkuEditz465k😮