#motivation #success #money Your 401K is a SCAM - Name one billionaire that has a 401K... What is your take on this? follow @vladtv Watch the full episode here: • Grant Cardone on Accep...
Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Hello 👋 How are you earning such weekly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe in God.
It's great to see Elizabeth R. Nelsen getting recognized here. Starting with just $2000 and now being highly recommended due to the good returns is truly motivating!
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
It's only a SCAM because if your money is tied up in a 401k, then Grant you can't make money off you investing in his ventures. Also ROTH 401k's exist- you pay taxes on the money up-front. You don't pay taxes on it when you take it out in retirement.
Some good points about the 401K. Just like the IRA. Such as still having to pay for taxes on it later when one spends it, and it's value going down over the year as the us government continues to print more of it. Income surely isn't what we earn, but what we get to keep.
We have a progressive tax system. The effective rate of your contribution is going to be higher than your effective rate of withdrawal if tax brackets don't change. Taxes would need to increase significantly to overcome that marginal vs effective arbitrage. If you make $138,126, the entire 23k that you can put into a 401k is avoiding a federal tax of 24%. The effective federal tax rate of $138,126 if you were to withdraw it at age 59.5 with no other income would be 16.4%. So if tax brackets stay the same, you would pay 7.6% less with Trad compared to Roth. Not to mention that if you are putting 20% towards retirement accounts, then to keep the same usable income you don't need to withdraw $138,126 from your 401k. You also don't pay FICA taxes on 401k withdrawals because it was paid on contribution. 138k - 20% - 7% = 100k, which has an effective rate of 13.8%. There is also state tax arbitrage that can come into play, working in CA and retiring in FL. With Trad you avoid paying ~9% when working to then pay 0% in retirement (CA rate is 9.3% for $68,351 to $349,137). With Roth you would be locking in that 9% regardless of what state you retire in. The arbitrage is much smaller if you are in the 12% bracket so at that point I would do Roth, but for 22+ I would do Trad. Also note this is for 401k's. For IRA's, at a certain income you don't get the choice... you do Roth or backdoor Roth. The inflation adjusted rate of return on the S&P500 with dividends reinvested over the past 100 years is 7.38% If you think federal taxes are going to go up so much that your effective rate in retirement will be higher then your current marginal rate and that the govt is going to print money and devalue your investments more than what they return, then idk what to tell you.
This is embarrassing to watch. Grant clearly wants you to invest in his syndicates which tie your money up for Seveal years and I believe don’t usually perform as well as the market
i take money out of 401 throught medical bills and use hsa to pay the bill , and reinvest the 401k money to buy leap options in the market and sell against them to generate cash flow
100% agreed, my so called target retirement fund in 401k had absolutely terrible return compared to sp500. I moved all to sp500 but biggest regret of my life I didn't do it sooner..What else is best way for me to invest 200k for solid cashflow?
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter...
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
You can take money as early as 55. Roth 401ks are not taxed when you use the money. Principal from Roth IRAs can be taken out at any time. I love real estate too. Pick your side but dont tell lies. Dont cherry pick info to get people to invest with you.
both of you wrong about a bunch of stuff. 401k taxes are not capital gains. ordinary income. 59.5 years to withdraw penalty free. can also do roth IRA and roth 401k and that not taxed
Educate them! “Our tax system is based upon voluntary assessment, not upon distraint.” Flora v. U.S., 362 U.S. 145 Taxes is like a involuntary subscription to the County you can’t cancel no matter how bad the service becomes. I challenge anyone to correct me on this fact… there is no law that requires the average Joe to pay income tax. And that’s because it would be unconstitutional. But the way it is implemented is unconstitutional, and is in fact fraud… the greatest fraud in the history of the United States of America of which neither Donald J. Trump nor Joseph R. Biden, Jr., in his mental faculties, will ever publicly admit to being true!
The guy interviewing you sounds really annoying. I am in commercial real estate over 20 years. Another nugget people do not typically know. When you have self directed IRA and all the other type stuff the IRS requires a FULL non-recourse loan for investing. That means no typical carve outs for fraud and bankruptcy like other non-recourse loans. You take out 95% of the commercial lenders in the market. The ones that will do FULL non-recourse wants 3% higher on the interest rates typically. So when rates were 3.5 and people buying NNN at 5.5 cap the deals made sense and cash flowed for passive wealth. Now if need full non-recourse loan with out carve outs the rates almost 9 to 10% so the deals do not work. Even back then didn't work as cap rate 5.5 and interest rate 6% for full non-recourse where self-directed IRA can invest. It's just a big dupe to control people's money. The banks and the government are just enriching themselves controlling people's money. They tell you be a millionaire in 30 years and the money then isn't worth hardly anything. You have to control your money year by year so you can make the best choices for YOU. Not the government or banks telling you how to live and what to do. Feeble minds are so easily swayed. I get dentists contacting me with 2 million saved up in retirement accounts and want to buy 5 million NNN property and use those funds and I can't help them the money is trapped now and would have to get a sh*t loan with no cash flow. People need to quit thinking small. If you grow your money well you typically do not need any retirement accounts or life insurance policies.
Between the Taxes and the employer's matching contribution I will loose 1/3 of what gets into my 401 K account if I did not choose to contribute to my 401 K and took it out as part of my salary. So I am not sure what this guy is talking about. like literally $500 instead of the $1500 that I get because it is going into my 401 K. and then 99 % of us do no know how to grow our investments faster than inflation etc. case in point I put some of my savings into NIO (yes I am part of the 99 % stupid out there!) but my 401 k shows a big fat number when ever I open it ! Some of these advise you see in TH-cam is so off
Most people should continue to build their 401k and max out any free matching from the employer. I do this ALSO….. I am strongly considering cashing out my 401k to buy a rental property in a popular vacation area. The opportunity cost is the appreciation in the 401k vs. the cash flow & appreciation of the real estate. Do your homework and make the best decision for YOU
One thing about the retirement funds is they tax all your returns (investment returns from stocks etc) as regular income , whereas if you take your money and invest into stocks and make a gain, it’s taxed as a capital gain (huge difference). I’m in Canada so I’m not sure how you guys do it but because of this reason I decided to incorporate so I could keep that extra money in the business , pay the small corporate tax on it, and then invest it into stocks and when I sell at least it’ll be capital gain taxed, not like what happens in 401k where the profits are regular income taxed which forces you to withdrawal slowly. It’s a huge scam but if you’re an employee it’s really better then nothing .
I wonder if vlad cuts as much out in every other interview. He made it look like he put you in check in his interview on his platform. I really wish I could have seen all your smart ass remarks in the interview on vlads channel, this is gold.
I don’t even understand what his point is. Of course you pay tax on it when you withdraw. Why does that mean it’s a bad investment? You pay tax on literally every type of investment instrument, including real estate that he’s so fond of. He’s self employed so it doesn’t make sense for HIM, but for wage earners it’s currently the best option available, especially since most companies offer a tax free match, which is basically free money. At no point in this video does he explain why 401ks are a “scam”. Pure click bait garbage. Also, why the hell was he ranting about the capital gains tax rates, you don’t pay cap gains tax on 401k withdraws.
Ahaha 🤣 that guy was thinking that he will not pay taxes on your 401k… he will pay probably between 35%-45% when he is 63 he didn’t read the little words…
I'm glad you checked him G! Overtalking someone doesn't mean you know what you're talking about. I couldn't believe that this fool was trying to go toe to toe with you on investment finances.
I watch Grant I Don't f with the interviewer Thanks for having the savvy to own the content and posting it, Grant !!!! (Otherwise I would have missed this conversation)
Grant Cardone Team is a scam….. just got off the phone with his staff. Totally unprofessional and unacceptable from his staff supervisor Professional poor people skills 😮😮😮😮😮
@@MrDonny27 because you you cant touch it till your in your 60s and have no control over what you invest. I recommend learning to invest yourself and harvesting dividends for compounding.
I have control over my investments and the number one issue of a 401K not having enough money for people in retirement is because it is too easy to get your month early. You should learn a few things.
@@NiceGuyDan08 so u are trying to tell me I can make a cool million dollar and the government not going to have there hand out when collect on the profit end
I love that grant is still doing pussy jokes even as a family man. It was always insinuated to me that me having a daughter means giving up my freedom of speech by preserving the "integrity of woman". Even though that is not what is actually happening.
The compounding you receive may be worth more than the fact you pay taxes. You also usually get 100 percent company matching on a portion of your contribution.. You also have roth 401k no taxes owed. You have a choice of contributing to taxable accounts as well. The stock market has returned way more than inflation over the past 10 plus years and thats just simple index funding. The argument against the 401k is an argument against the stock market in general. Grant just hates stocks and his personal thing. I invest with him too but his stance on the market is wrong.
Yeah but. . . . . . . A 401k is attached to the stock market So what happens to the people that are ready to retire and a bear market hits, just hit or in the midst ??? PENSIONS are what the working class should aim for Grant makes some good points when comparing real estate to the market
Thats why you change allocations between income and stock percentage closer you get to retirement. Anyone with 100 percent allocation to stocks at retirement is an idiot. A down turn in the market with someone who invested a lifetime should have no problem enduring that and even possibly buying during those years when its on sale.
Wait Grant has no idea what he’s talking about. Ya you have to pay taxes when you withdraw but the money GROWS tax free which helps when the money is compounding. Also him making fun of the interviewer is ridiculous. The guy is asking a question. A teacher doesn’t embarrass a student.
@@Rachmanfan4life Ive watched his videos and read some of his stuff wdym? Also explain to me what i was wrong about so i can learn. 401ks grow tax free but you have to pay tax when you withdraw. What is wrong about that statement?
I think once you hit retirement age, all income you earn should be tax free.. you paid your fair share and it’s time to enjoy the rest of your days instead of stressing about how your gonnna pay the taxes which will probably be astronomical in the coming years..
Not to mention the avg loss of 401K at retirement is ~34% and growing. Not only you're shackled for 30+ years, but you're losing $300K when you retire (some even more). Paper investments are invented to keep the middle class occupied. Simple.
@@josefj1776 not a myth at all, unfortunately. It's public records. Let me guess, you probably didn't know 401Ks are invented by wall st. after the 1970s crash.
@@RyseupSolutions cute you have no clue how investing works and compound growth works. Have fun being a fool and paying 80% fees in real estate I will enjoy the massive growth in my funds with extremely small fees of .48% already have 166% growth in my IRA I started in 2014
@@Cenlalowell again, you miss my entire point. I wasn't talking about what you grandma managed to cash out. Plus, you seem to come from a pretty protective premise. I get it, you don't want to learn you made a dumb decision financially. It's okay. Tell it to JP Morgan rofl.....
How is 401k a scam when you actually profit from it, just came here to learn to make money and he says 401k is a scam when i actually made money from it. Geesh
How to make lots of money without interest involved, per my religion I'm not allowed to be involved with interest, no automobile, house i have to use cash...
Despite all the financial struggles my family and I faced, everything is finally falling into place! Making $47,000 in weekly profit and being rich, I will always praise the Lord.
Hello 👋 How are you earning such weekly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe in God.
It's great to see Elizabeth R. Nelsen getting recognized here. Starting with just $2000 and now being highly recommended due to the good returns is truly motivating!
Vlad: Patek holds value! Grant: No it doesn’t. Vlad: Really? 😅 How can one interviewer be so confident but so un-researched?! Grant is spot on. Patek values are slammed right now 🤦🏾♂️
So should the new retirement plan be to invest in mutual funds that compound interest of roughly 11-13% every year instead of investing in 401K or even IRA?
Let’s clean this up. -Roth 401K you pay taxes on your deposits now. Not when you withdrawal at retirement. And earn and grow tax free. Because you already paid taxes as I just said. -Traditional is just the opposite. You pay the taxes on it as you withdrawal. The argument of are taxes going to be higher or not? Nobody can tell. Looking at history just depended on the time frame and year. Anyone’s guess. Now..for all of us SELF EMPLOYED. The SOLO SELF DIRECTED ROTH 401k is my golden egg. Why you ask? -You are the employee AND the employer. Employee contribution (me) for 2024 is $30k (over 50) Employer contribution (my company) is 25% of my compensation for a total of $73K. Remember it’s my company. I control the match. I am the employee and the employer. It’s so sweet. Now the other benefits. Self directed…..what’s that mean? Well I can invest in what I WANT. Not a handful of mural funds some company I used to work for. So I have 3.2m in my solo self directed 401K I can actually use it to by real assets like an apartment building. Crypto. There you have it.
No you dont. Earnings on Roth, roth 401k are not taxed. HSA accounts both going in and coming out are completely tax free and only free lunch. Mine have compounded over years to a very high balance.
I’m gonna be bashed for this comment but here goes. Mr. Cardone you have proven yourself. Clean up your mouth. Talking smack using a woman’s body part will never elevate you to where you could be. Don’t go there.
Bust his butt Grant!!!! After he "saved" xxx,xxx,xxx,xxx,xxx in his 401k he finally takes a minute to understand how it really works. Your money is in JAIL then put on PROBATION. #JOKEs
Who is interviewing Grant? He's not letting him finish his point or sentences. Seems like an overconfident , disrespectful man to me and I can't see his name anywhere.
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Despite all the financial struggles I and my family faced, everything is finally falling into place! $47,000 weekly profit and riches I'll always praise the Lord
Hello 👋 How are you earning such weekly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe in God.
Thanks to Mrs. Elizabeth Regina Nelsen's time in my life, which had a profound impact on me.
No doubt Elizabeth Regina. Nelsen Trading services are undoubtedly excellent.
It's great to see Elizabeth R. Nelsen getting recognized here. Starting with just $2000 and now being highly recommended due to the good returns is truly motivating!
I'm really interested, does she work with clients outside the USA, I'm from France?
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
It's difficult to get a legit trader
she's active on What's
app
Yeah get connected to Miss Sonia, here's her line👎🏻
英꧁ᨖᨖᨖᨖᨖ࿅🇺🇸╋𝟭𝟯𝟬𝟱𝟱𝟳𝟰𝟭𝟲𝟲𝟲🇺🇸👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿👍🏿❤️❤️
大家都這樣“複製”，“TH-cam”令人沮喪
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional.
I know Laura, she has really set the standard for others to follow, we love her here in the UK as she has been really helpful and changed lots of lives.
You're right! The very first time I tried, I invested $2000 and after a week, I received $8,400. That really helped us a lot to pay up our bills.
Interesting! But I'm new here. How can I get to this person's guidelines??
SHE IS ON TELEGRAMs
You just damaged brain cells by talking to that guy.
I've been putting money in for years, and with inflation eating everything up, I feel like I'm getting nowhere!
I hear you, camela8445. I started to question mine recently too. Feels like a hamster wheel sometimes.
Maybe we're not investing right. I keep reading about crushing the market and stuff, but it all seems so complicated.
Exactly! Where do us regular folks even start with all that?
My brother swears by this CFP he found. Says the guy's a wiz at navigating the market
Really? What's his name? I wouldn't mind talking to someone who knows what they're doing.
I wouldn’t trust Grant Cardone to change a dollar at a hot dog stand.
It's only a SCAM because if your money is tied up in a 401k, then Grant you can't make money off you investing in his ventures. Also ROTH 401k's exist- you pay taxes on the money up-front. You don't pay taxes on it when you take it out in retirement.
Backdoor Roth too 😂😂😂😂😂
Some good points about the 401K. Just like the IRA. Such as still having to pay for taxes on it later when one spends it, and it's value going down over the year as the us government continues to print more of it. Income surely isn't what we earn, but what we get to keep.
We have a progressive tax system. The effective rate of your contribution is going to be higher than your effective rate of withdrawal if tax brackets don't change. Taxes would need to increase significantly to overcome that marginal vs effective arbitrage.
If you make $138,126, the entire 23k that you can put into a 401k is avoiding a federal tax of 24%. The effective federal tax rate of $138,126 if you were to withdraw it at age 59.5 with no other income would be 16.4%. So if tax brackets stay the same, you would pay 7.6% less with Trad compared to Roth.
Not to mention that if you are putting 20% towards retirement accounts, then to keep the same usable income you don't need to withdraw $138,126 from your 401k. You also don't pay FICA taxes on 401k withdrawals because it was paid on contribution. 138k - 20% - 7% = 100k, which has an effective rate of 13.8%.
There is also state tax arbitrage that can come into play, working in CA and retiring in FL. With Trad you avoid paying ~9% when working to then pay 0% in retirement (CA rate is 9.3% for $68,351 to $349,137). With Roth you would be locking in that 9% regardless of what state you retire in.
The arbitrage is much smaller if you are in the 12% bracket so at that point I would do Roth, but for 22+ I would do Trad. Also note this is for 401k's. For IRA's, at a certain income you don't get the choice... you do Roth or backdoor Roth.
The inflation adjusted rate of return on the S&P500 with dividends reinvested over the past 100 years is 7.38%
If you think federal taxes are going to go up so much that your effective rate in retirement will be higher then your current marginal rate and that the govt is going to print money and devalue your investments more than what they return, then idk what to tell you.
This is embarrassing to watch. Grant clearly wants you to invest in his syndicates which tie your money up for Seveal years and I believe don’t usually perform as well as the market
All assets in banks are programmable credits. I own silver in my safe
i take money out of 401 throught medical bills and use hsa to pay the bill , and reinvest the 401k money to buy leap options in the market and sell against them to generate cash flow
Utilize a Roth 401k if possible! Use company match for traditional and max out Roth!
This.
100% agreed, my so called target retirement fund in 401k had absolutely terrible return compared to sp500. I moved all to sp500 but biggest regret of my life I didn't do it sooner..What else is best way for me to invest 200k for solid cashflow?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of 5%.
you need a certified financial planner straight up! personally, I invest in ETF's and also love investing in individual stocks. yes it’s riskier but am comfortable in my financial environment
You're right, I and a few Neighbors in Bel Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 40% in the last quarter...
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
"Kristin Amber Landis" is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
lol I read “paddock” watch 😂😂
Who made this subtitle... who hired you?
401k is single handed the reason I was able to save without over thinking it and build up enough money to start investing.
Only tech stocks and no crypto?? Amazon, Google, and Tesla nahhh that’s not good enough for me
You can take money as early as 55. Roth 401ks are not taxed when you use the money. Principal from Roth IRAs can be taken out at any time. I love real estate too. Pick your side but dont tell lies. Dont cherry pick info to get people to invest with you.
There is also SEPP and Roth conversion ladder to get access to traditional $ earlier than 55/59.5
Vlad is crazy and knows nothing about traditional 401ks 😂
The other guy is scamming you for your money 😂
both of you wrong about a bunch of stuff. 401k taxes are not capital gains. ordinary income. 59.5 years to withdraw penalty free. can also do roth IRA and roth 401k and that not taxed
Also, you can't lose 100% of your investments to inflation
100 % agreed. By the way I agree majority of the things Grant says.
Educate them! “Our tax system is based upon voluntary assessment, not upon distraint.” Flora v. U.S., 362 U.S. 145
Taxes is like a involuntary subscription to the County you can’t cancel no matter how bad the service becomes.
I challenge anyone to correct me on this fact… there is no law that requires the average Joe to pay income tax. And that’s because it would be unconstitutional. But the way it is implemented is unconstitutional, and is in fact fraud… the greatest fraud in the history of the United States of America of which neither Donald J. Trump nor Joseph R. Biden, Jr., in his mental faculties, will ever publicly admit to being true!
59.5
keep doing these videos i learn a lot ... this one was outstanding
The guy interviewing you sounds really annoying. I am in commercial real estate over 20 years. Another nugget people do not typically know. When you have self directed IRA and all the other type stuff the IRS requires a FULL non-recourse loan for investing. That means no typical carve outs for fraud and bankruptcy like other non-recourse loans. You take out 95% of the commercial lenders in the market. The ones that will do FULL non-recourse wants 3% higher on the interest rates typically. So when rates were 3.5 and people buying NNN at 5.5 cap the deals made sense and cash flowed for passive wealth. Now if need full non-recourse loan with out carve outs the rates almost 9 to 10% so the deals do not work. Even back then didn't work as cap rate 5.5 and interest rate 6% for full non-recourse where self-directed IRA can invest. It's just a big dupe to control people's money. The banks and the government are just enriching themselves controlling people's money. They tell you be a millionaire in 30 years and the money then isn't worth hardly anything. You have to control your money year by year so you can make the best choices for YOU. Not the government or banks telling you how to live and what to do. Feeble minds are so easily swayed. I get dentists contacting me with 2 million saved up in retirement accounts and want to buy 5 million NNN property and use those funds and I can't help them the money is trapped now and would have to get a sh*t loan with no cash flow. People need to quit thinking small. If you grow your money well you typically do not need any retirement accounts or life insurance policies.
Between the Taxes and the employer's matching contribution I will loose 1/3 of what gets into my 401 K account if I did not choose to contribute to my 401 K and took it out as part of my salary. So I am not sure what this guy is talking about. like literally $500 instead of the $1500 that I get because it is going into my 401 K. and then 99 % of us do no know how to grow our investments faster than inflation etc. case in point I put some of my savings into NIO (yes I am part of the 99 % stupid out there!) but my 401 k shows a big fat number when ever I open it ! Some of these advise you see in TH-cam is so off
Congratulations! You own some numbers on a screen. Let's see how much it's worth when you take it out later.
Most people should continue to build their 401k and max out any free matching from the employer. I do this
ALSO….. I am strongly considering cashing out my 401k to buy a rental property in a popular vacation area.
The opportunity cost is the appreciation in the 401k vs. the cash flow & appreciation of the real estate.
Do your homework and make the best decision for YOU
Nothing is free
One thing about the retirement funds is they tax all your returns (investment returns from stocks etc) as regular income , whereas if you take your money and invest into stocks and make a gain, it’s taxed as a capital gain (huge difference). I’m in Canada so I’m not sure how you guys do it but because of this reason I decided to incorporate so I could keep that extra money in the business , pay the small corporate tax on it, and then invest it into stocks and when I sell at least it’ll be capital gain taxed, not like what happens in 401k where the profits are regular income taxed which forces you to withdrawal slowly. It’s a huge scam but if you’re an employee it’s really better then nothing .
I wonder if vlad cuts as much out in every other interview. He made it look like he put you in check in his interview on his platform. I really wish I could have seen all your smart ass remarks in the interview on vlads channel, this is gold.
I don’t even understand what his point is. Of course you pay tax on it when you withdraw. Why does that mean it’s a bad investment? You pay tax on literally every type of investment instrument, including real estate that he’s so fond of. He’s self employed so it doesn’t make sense for HIM, but for wage earners it’s currently the best option available, especially since most companies offer a tax free match, which is basically free money. At no point in this video does he explain why 401ks are a “scam”. Pure click bait garbage. Also, why the hell was he ranting about the capital gains tax rates, you don’t pay cap gains tax on 401k withdraws.
Company match still makes it a wise investment. Instantly doubles your investment plus however much it grows per year.
Ahaha 🤣 that guy was thinking that he will not pay taxes on your 401k… he will pay probably between 35%-45% when he is 63 he didn’t read the little words…
Try taxes will be even lower than that. But you can always do real estate and pay 80% of your money in fees and taxes.
If they don't lose it before u get to it...
I’m surprised none of these people know about Roth 😢
They do, they just know a Roth is a scam too lol
@@Dc343jfu4how so?
@@Dc343jfu4 How so?
Uncle G always giving free game. Pay attention ❤❤
Grants face when he realizes he’s doing an interview with an idiot that can’t keep his mouth shut. Tax free 401k hahaha.
❤❤❤
🎉 for grant cardone
Why are we doing an interview about finance with VLAD? This was embarrassing to witness.
💯
I'm glad you checked him G! Overtalking someone doesn't mean you know what you're talking about. I couldn't believe that this fool was trying to go toe to toe with you on investment finances.
I watch Grant
I Don't f with the interviewer
Thanks for having the savvy to own the content and posting it, Grant !!!!
(Otherwise I would have missed this conversation)
Make that money
Don't let
That money Make you
Booty booty booty booty rocking everywhere 🎶
@1:56
That realization... "Oh crap!" Lol
Grant Cardone Team is a scam….. just got off the phone with his staff. Totally unprofessional and unacceptable from his staff supervisor
Professional poor people skills 😮😮😮😮😮
What did you buy when you called in?
We're not even sure you're through the hard times yet. That's a bar
Lol this was interesting 🤔
I tried to tell people the truth about 401k and Roth IRA'S but people got argumentative with me so i just stopped and did my own thing
That's why I have a Roth.
I absolutely love Uncle GC.❤
401k is just a waste
Why
@@MrDonny27 because you you cant touch it till your in your 60s and have no control over what you invest. I recommend learning to invest yourself and harvesting dividends for compounding.
I have control over my investments and the number one issue of a 401K not having enough money for people in retirement is because it is too easy to get your month early. You should learn a few things.
401k is a scam !
@@koushikmullick8699 it isn’t in any way but the uninformed will believe you.
its a roth ira you don't pay taxes on
You do on way in
@@tgiCARLOS yes but no taxes on capital gains
You have to pay taxes when you pull money from the 401k ... Uncle Sam is not that generous lol .
Only if it's a traditional 401k.
If it's a Roth, you pay the taxes upfront and do not have to pay when you take the money out.
@@NiceGuyDan08u will pay taxes on the profit end of the roth
@@Freedomishere-im6ug No, Roth profits are not taxed at the end. They are taxed before they get put into the roth, that's the whole point of them.
@@NiceGuyDan08if the money exceeds what I put i am taxed during withdrawal on the money that exceeds what I put in (profits)
@@NiceGuyDan08 so u are trying to tell me I can make a cool million dollar and the government not going to have there hand out when collect on the profit end
I love that grant is still doing pussy jokes even as a family man. It was always insinuated to me that me having a daughter means giving up my freedom of speech by preserving the "integrity of woman". Even though that is not what is actually happening.
Vlad is a kindergarten student knowledge wise about his investments. The only reason he won’t go broke is because he’s such a high earner.
Grant always spitting facts.
You don’t pay capital gains on your 401(k) withdrawals
Why is the word “rich” considered derogatory?
That’s why you go ROTH!
CHANGE MOBILE PHONE
The compounding you receive may be worth more than the fact you pay taxes. You also usually get 100 percent company matching on a portion of your contribution.. You also have roth 401k no taxes owed. You have a choice of contributing to taxable accounts as well. The stock market has returned way more than inflation over the past 10 plus years and thats just simple index funding. The argument against the 401k is an argument against the stock market in general. Grant just hates stocks and his personal thing. I invest with him too but his stance on the market is wrong.
Yeah but. . . . . . .
A 401k is attached to the stock market
So what happens to the people that are ready to retire and a bear market hits, just hit or in the midst ???
PENSIONS are what the working class should aim for
Grant makes some good points when comparing real estate to the market
@@raywill9149youre acting like everyone was born the same year lmfao
@@SnoMan1818
What ???
Thats why you change allocations between income and stock percentage closer you get to retirement. Anyone with 100 percent allocation to stocks at retirement is an idiot. A down turn in the market with someone who invested a lifetime should have no problem enduring that and even possibly buying during those years when its on sale.
Hes pissed because he didn't think of it!?!🤷🏼♂️
Wait Grant has no idea what he’s talking about. Ya you have to pay taxes when you withdraw but the money GROWS tax free which helps when the money is compounding. Also him making fun of the interviewer is ridiculous. The guy is asking a question. A teacher doesn’t embarrass a student.
You actually have no idea what you’re talking about and you don’t know who Grant is
@@Rachmanfan4life Ive watched his videos and read some of his stuff wdym? Also explain to me what i was wrong about so i can learn. 401ks grow tax free but you have to pay tax when you withdraw. What is wrong about that statement?
I think once you hit retirement age, all income you earn should be tax free.. you paid your fair share and it’s time to enjoy the rest of your days instead of stressing about how your gonnna pay the taxes which will probably be astronomical in the coming years..
The government will always get their taxes! 😂
Taxes are extremely low. And in retirement they are even lower.
He looked like little kid compared to Grant! Keep it going
😂 Grant is right Vlad
But when you pay those taxes you'll be at a lower tax bracket no? That's what an insurance guy told me...now im not sure
Not necessarily. Depends on your entire financial portfolio… most people probably.
Like Grant said, inflation will wipe out your gains.
Not to mention the avg loss of 401K at retirement is ~34% and growing. Not only you're shackled for 30+ years, but you're losing $300K when you retire (some even more).
Paper investments are invented to keep the middle class occupied. Simple.
Nice myth.
@@josefj1776 not a myth at all, unfortunately. It's public records. Let me guess, you probably didn't know 401Ks are invented by wall st. after the 1970s crash.
@@RyseupSolutions cute you have no clue how investing works and compound growth works. Have fun being a fool and paying 80% fees in real estate I will enjoy the massive growth in my funds with extremely small fees of .48% already have 166% growth in my IRA I started in 2014
People are so misinformed when it comes to this. Millions of people have substantial retirement accounts and guess what there retiring good with them
@@Cenlalowell again, you miss my entire point. I wasn't talking about what you grandma managed to cash out. Plus, you seem to come from a pretty protective premise. I get it, you don't want to learn you made a dumb decision financially. It's okay. Tell it to JP Morgan rofl.....
🤣🤣🤣🤣
Grant Cardone is 100% right.
He isn’t but it is fun that you are financially ignorant.
Vlad is so annoying. Guy cant just shut up.
How is 401k a scam when you actually profit from it, just came here to learn to make money and he says 401k is a scam when i actually made money from it. Geesh
How to make lots of money without interest involved, per my religion I'm not allowed to be involved with interest, no automobile, house i have to use cash...
Can do a Roth 401k
😂😂
You fuckin right
Despite all the financial struggles my family and I faced, everything is finally falling into place! Making $47,000 in weekly profit and being rich, I will always praise the Lord.
Hello 👋 How are you earning such weekly? I was born a Christian, and sometimes I feel down on myself because of low finances, but I still believe in God.
It's Elizabeth Regina Nelsen doing she's changed my life. A BROKER- like her is what you need.
Wow! I'm kind of in shock that you mentioned expert Elizabeth Regina Nelsen. What a coincidence!
It's great to see Elizabeth R. Nelsen getting recognized here. Starting with just $2000 and now being highly recommended due to the good returns is truly motivating!
Elizabeth Regina Nelsen has truly made a positive impact on my life. Having a broker like her by your side is essential for success.
Vlad: Patek holds value!
Grant: No it doesn’t.
Vlad: Really? 😅
How can one interviewer be so confident but so un-researched?! Grant is spot on. Patek values are slammed right now 🤦🏾♂️
i put all things in GODin jesus name hands ...my faith is in him ... GODs always fair
So should the new retirement plan be to invest in mutual funds that compound interest of roughly 11-13% every year instead of investing in 401K or even IRA?
What is the best way to get out of a 401K. Can you sell it? Or just bite the bullet and withdraw it?
If you leave it in there and withdraw it in retirement, your taxes will be lower
Let’s clean this up.
-Roth 401K you pay taxes on your deposits now. Not when you withdrawal at retirement. And earn and grow tax free. Because you already paid taxes as I just said.
-Traditional is just the opposite. You pay the taxes on it as you withdrawal.
The argument of are taxes going to be higher or not? Nobody can tell. Looking at history just depended on the time frame and year. Anyone’s guess.
Now..for all of us SELF EMPLOYED.
The SOLO SELF DIRECTED ROTH 401k is my golden egg. Why you ask?
-You are the employee AND the employer.
Employee contribution (me) for 2024 is
$30k (over 50)
Employer contribution (my company) is 25% of my compensation for a total of
$73K.
Remember it’s my company. I control the match. I am the employee and the employer. It’s so sweet. Now the other benefits.
Self directed…..what’s that mean? Well I can invest in what I WANT. Not a handful of mural funds some company I used to work for.
So I have 3.2m in my solo self directed 401K I can actually use it to by real assets like an apartment building. Crypto.
There you have it.
Motivation
Why tf does the government have the right to take a piece of our wages ?? Weird honestly.
Grant's you aine made shit comment SHUT HIM DOWN!
You have to pay taxes on everything! What ever you do you get taxed.
No you dont. Earnings on Roth, roth 401k are not taxed. HSA accounts both going in and coming out are completely tax free and only free lunch. Mine have compounded over years to a very high balance.
I’m gonna be bashed for this comment but here goes. Mr. Cardone you have proven yourself. Clean up your mouth. Talking smack using a woman’s body part will never elevate you to where you could be. Don’t go there.
Everything and everyone is a scam when you don’t know how to manage them!
Tai playing checkers with 401k while Grant playing Chess
It’s funny how Grant is totally ignorant about 401(k)
Winning. MILLIONS. Ybor city. Baby.
Invest in technology now
Grant Cordone is a life saver for lower and middle class families.
Bro, real estate is tax free. 401 is taxes to be determined. You must really trust the government! LOL
Should have both. Most people are too stupid to do much and going all in on stocks or real-estate is not your best option.
No investments is worse.
Correct
PUBLIC GOVERNMENT NOTARY DEED
If you have a Roth 401k you won’t pay taxes as you withdraw the money!
Did anybody watch Pinguinz0 video?
This guy is a scam
i like real interview like this, where the talk are like human been.
I keep coming back to this video just to feel smarter.
Bust his butt Grant!!!! After he "saved" xxx,xxx,xxx,xxx,xxx in his 401k he finally takes a minute to understand how it really works. Your money is in JAIL then put on PROBATION. #JOKEs
The number one problem of the 401(k) is that it’s too easy to get your money out. It’s not in any form of jail.
Uncle Sam will get you at the front door or the back door with these retirement plans. VLAD needs to stay in his lane.
Who is interviewing Grant? He's not letting him finish his point or sentences. Seems like an overconfident , disrespectful man to me and I can't see his name anywhere.
HUMAN being they can do UNBELIEVABLE things!
THIS is A CHALLENGE to CHANGE!
YOU can CHANGE your WHOLE LIFE!😮