Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Merry Christmas Josh! Thank you for this article. I have been procrastinating on Roth conversions now that I am 66 years old, yet I will rethink. Also, as someone who has had skin cancer twice, I'm glad you shared your experience with us. Getting annual skin check-ups may not add 7 years to your nest egg, but most likely add 7 years to your life!
That’s what I’m doing. I’m going to take a 250k distribution from my IRA in January. Payoff some student loans for my kids. Live off some of the money along with pension. And the remainder put in a brokerage account. Do that for the next 5 yrs and then take SS at 70. Roth has its place but it isn’t for everyone. I think it gets oversold.
Merry Christmas and thanks for the video. It's refreshing to hear alternative views/options to the Roth Conversion, which is typically preached as being the panacea to retirement taxes.
I think many people over convert and end up paying more taxes than they would have if they didn’t do it at all. You should be very sure before doing conversions.
I did about 10 billion of that 14 billion of Roth conversions, and I think Elon did about 3 billion, that only leaves about 1 billion that were done by the peons.
How does it work with Roths? I know to get them qualified you need to wait 5 years before withdrawing. So if you lump yearly additions to this same account, the basis for the 5 years is the year you open? I’ve been adding to mine since 2021 and adding yearly. So in 2026 I can start withdrawing qualified distributions? Or only on the 1st year’s contributions?
Arguably, if your taxes are the same on the front end as the back end, better to pay them years later, when inflation has decreased the absolute value of the dollars paid as tax.
The marginal tax brackets and the standard deduction will all be indexed for inflation. Future dollars will be taxed with a larger standard deduction and expanded marginal tax brackets to compensate for the inflation factor .
Please slow down when giving examples to let the listener process what you are saying, you speak so fast that you make a lot of mistakes that you then correct making it even more difficult to process, Merry Christmas
Merry Christmas Josh! Thank you for all your insight! It’s because of you, I consolidated all my money into Vanguard. God bless you and your family, Colleen 🙏🎄
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Please slow down when giving examples to let the listener process what you are saying, you speak so fast that you make a lot of mistakes that you then correct making it even more difficult to process, Merry Christmas
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
I'm surprised that you just mentioned and recommend Mr Robert Cox. I met him at a conference in 2018 and we have been working together ever since.
Your sound is not up to your normal standards.
Audio is poor Josh.
Merry Christmas Josh! Thank you for this article. I have been procrastinating on Roth conversions now that I am 66 years old, yet I will rethink. Also, as someone who has had skin cancer twice, I'm glad you shared your experience with us. Getting annual skin check-ups may not add 7 years to your nest egg, but most likely add 7 years to your life!
Merry Christmas Josh. Best wishes to you and your family. Appreciate what you do!
💯 Roth and a taxable brokerage with a paid off house are where you want to be heading into retirement.
Horrible sound!
Thank you.
That’s what I’m doing. I’m going to take a 250k distribution from my IRA in January. Payoff some student loans for my kids. Live off some of the money along with pension. And the remainder put in a brokerage account. Do that for the next 5 yrs and then take SS at 70. Roth has its place but it isn’t for everyone. I think it gets oversold.
Merry Christmas and thanks for the video. It's refreshing to hear alternative views/options to the Roth Conversion, which is typically preached as being the panacea to retirement taxes.
Merry Christmas Josh!
Merry Christmas !!!
I think many people over convert and end up paying more taxes than they would have if they didn’t do it at all. You should be very sure before doing conversions.
I did about 10 billion of that 14 billion of Roth conversions, and I think Elon did about 3 billion, that only leaves about 1 billion that were done by the peons.
How does it work with Roths? I know to get them qualified you need to wait 5 years before withdrawing. So if you lump yearly additions to this same account, the basis for the 5 years is the year you open? I’ve been adding to mine since 2021 and adding yearly. So in 2026 I can start withdrawing qualified distributions? Or only on the 1st year’s contributions?
Merry Christmas!
Merry Christmas to you and your family!
Arguably, if your taxes are the same on the front end as the back end, better to pay them years later, when inflation has decreased the absolute value of the dollars paid as tax.
The marginal tax brackets and the standard deduction will all be indexed for inflation. Future dollars will be taxed with a larger standard deduction and expanded marginal tax brackets to compensate for the inflation factor .
Merry Christmas
audio sucked
hard for me to follow.
Growth in Roth is the key.
Aren’t there income limits on Roth IRA etc?
Please slow down when giving examples to let the listener process what you are saying, you speak so fast that you make a lot of mistakes that you then correct making it even more difficult to process, Merry Christmas
Josh, great information but awful speaker.
Merry Christmas Josh! Thank you for all your insight! It’s because of you, I consolidated all my money into Vanguard. God bless you and your family, Colleen 🙏🎄
Retirement is more challenging now than it used to be. I've focused on saving rather than investing, and currently, I have about $400K. With inflation on the rise, I’m considering investing in stocks, but I’m not familiar with effective market strategies.
Are you planning to retire before 59? That's the key factor for me. I transitioned to cash-flowing assets because I wanted to retire early.
Given the current pressure to prepare for retirement, I highly recommend seeking guidance from a financial advisor. This will help you make more informed investment decisions.
Do you have any recommendations? I’m looking for a CFP to help grow my retirement account.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Please slow down when giving examples to let the listener process what you are saying, you speak so fast that you make a lot of mistakes that you then correct making it even more difficult to process, Merry Christmas