Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
I’m glad I watched this. I thought there were income limits for a ROTH IRA. I was a divorcee and married my current husband at 43 (he’s over 50) and he insisted I take the $1700 I was paying for rent and invest it. This is helpful.
But than you have no money to pY your rent. Alot of these videos is alot easier said than done. Coming from Toronto Canada a household with 2 incomes making 70k/ a year that's 140 this is just an example . And maybe 1 kid at the end of the month they have NOTHING left to invest . I hear about it all the time on the radio on reddit . People are just struggling so badly and just getting by. So if your working full time and have zero money left at the end of the month. How do u start investing . Maybe if you win the lottery or a small prize of $2000 you could start investing with that. But their are some people that don't stand a chance and it's just reality
The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor, "Margaret Johnson Arndt," I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.
I receive guidance from coach Margaret Johnson Arndt who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.
I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Margaret can provide me with the guidance needed to rectify the situation before it reaches a critical point.
1. Enough is enough. Let your money does something good. Count your blessings everyday. 2. Keep it simple. I would do conversion every year after filling tax. Make sure the amount converted will not put myself on the higher tax bracket that you can’t afford next year. Make sure the tax is affordable and I still able to contribute to Roth IRA at the same time. 3. Accelerates the Roth conversion after retirement, before you reach 72. It can reduce your RMD. This strategy works for most middle class couples with good spending habits. Before you know it, you are (or close to becoming) Roth millionaire🎉😊.
Amazing , we are blessing to have a handy gentleman in our life to help us to help the big world!!! And he save our life !!! I would like to say a billion appreciate MR Mark . J . Kohler❤❤❤👍👍👍👍👍
I asked about roth ira after seeing mark talked about it. The sound from their voice was like....how did he know about that. That's when I knew it was the right path towards me making me money.
At 8% rate of return, if people want to just go the traditional route of ETFs to make it easy peasy, you can still get to $1mil in about 25 years. That alone can be your retirement. $80,000 a year tax free in 25 years. Assuming you max out your ROTH IRA or TFSA for us canadians, right now.
America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020...
I started at 35 and I wish I had stated earlier. I have investment accounts set up for my kids to start before they are 10, and have been explaining and showing them compound interest calculators. When i have the disposable income I will aim to match every dollar they put in a Roth in lieu of inheritance. There is no replacement for time in time value of money.
Am I missing something- The limit on the Roth IRA is 7000 or 7500 depending on age. If there is more than one Roth vehicle the total of all sources is still only 7500 What am I missing.?
A million dollars will be worth so much less in the future, which is the most frustrating thing I hear people say when talking about investing. You're going to have a whole lot less if you don't start and come up with a plan right now because the next best time to start was yesterday. 🙄
This is a good strategy to follow, but the question that always comes to my mind. They always tell you that your retirement fund should be 10x from your income at your current age. But when you reach a certain age like 70 your activity and is not the same way as you are 50. As well as your expenses is more cheaper because you don’t need a lot of items, you don’t travel, you don’t pay debt, mortgage so you have plenty of money, but what can you do if you can’t enjoy it while you can.
Mark, your advice is 1000x better than your artistic ability 😂😂 I lost it when you drew a cylinder. Thanks for the advice. I wish I had this type of information 20 years ago
I’m about to take the tax hit this year and move my tsp to a self directed Roth IRA all this money printing means my taxes will be going up so I’ll take the hit now
You short changed your return on the RE example its actually 45% IRR. 5K appreciation, 2K in mort paydown, and 2K cashflow that's 9K/4 =$2250 for your $5K investment hence 45%IRR.. Lovely
Isn’t the problem with real estate in a self-directed IRA, is that you have to use that IRA for any repairs and financing, etc.? You can’t use personal or LLC money to fix or remodel the property. Yes, you can invest it in a syndication. I do own metals in a self-directed.
In your equity example 5% of 100k = $5000 + $2000 positive cash flow + $2000 equity payments = $9000. Which calculates to a 45% ROI. $9000 on a $20,000 investment.
Mark, I really need your help with my taxes. I understand we haven't met, but I believe you're the right person to assist me. I'm being intentionally vague to maintain confidentiality, but if you're open to it, I'd like to discuss this further in a direct message.
Hi Mark! It’s Never too late built or take full control of your financial! You are correct 👍🏽. I’m about hitting into my 50’s soon. I meet all criteria with Roth IRA, Traditional and HSA saving/ investing. My question is can I use my asset’s to open LLC account? Do you have additional videos to educate me more about LLC/ tax deferred/ open multiple Roth under LLC. I always believe ROTH IRA has its limitations. This is mind blowing and I have been searching for some guidance in decades. I’m appreciate and grateful for your video🙏 Thanks for sharing your knowledge. I have so much to learn from you. I live in North Cal.
Hey Catherine! We can absolutely help you with this. Please get set up with one of our amazing Tax Advisors at markjkohler.com/tax-advisor-network/ - all of them are trained by me weekly and they can help you get set up and questions answered. Thank you!
wish someone would have told me about municipal bonds and municipal bond funds instead of the 401k, IRA's etc. They are better investment for tax free income for your whole life.
But you did not count the repairs and when you have a bad tenants that doesnt pay. Vacancy when renter vacated. The headache the you go through. In a stock you dont have to worry those things.
This was pretty cool to see, however nobody ever talks about the pre-tax of Roth IRA! You pay the tax upfront based on your current tax bracket. So it cost you $780-$1080 to put $6,000 in a Roth if you're making a 100k a year. Nobody talks about that including this video. If you're in a higher tax bracket that fee is even higher to do a Roth.
I set up a self-directed Roth trust, rolled my 403b into it, and bought cryptocurrency (mostly a new one, PLS). We’re in the bottom of the 4 year boom/bust cycle. Now is the time to buy. Crypto is the best performing asset class of the last 13 years.
I work for a Metro Fire Dept. I'm 53. I can retire from that job in 15 months with a pension (about 34K a year). Can I use this like you mention in this vid?
Depends on your income and how your employer 401k plan is structured. If you earn enough and have the right plans, you can put away 6.5k+22.5k=29k into Roth accounts for 2023.
@@derekraw1234 Yes I have a 401k plan and I'm going to max it out especially because I'm going to be 50 in a few years and I'll be able to put even more into the plan but I don't like their mix of investments.
You can do far more - $6500 via IRA (Backdoor Roth if needed), plus $22500 via an employer Roth 401k (or Solo Roth 401k if self-employed). And for a couple more weeks, you can still contribute $6000 to your 2022 IRA. If the 401k plan is structured right, you can go even higher (up to $66k/yr total) by contributing to a second bucket called After-tax 401k which can be converted to Roth. When you hit 50, then you can add $1000 to the IRA limit and $7500 to the 401k limit… so, $6500 + $1000 + $66000 + $7500 = $81,000/yr into Roth is possible. And technically you can have more than one 401k plan (different employers), so the Roth numbers can actually go higher.
I've got a Roth on Robinhood and a traditional on weebull, What is the smartest thing I can do? Have both?What have you Experienced? I want to be set,My Daughter too.Thank you for your Experience on this Brother,My name is Mark too
I always wanted an info on this. Thank you for the video. I instant to move to the US🇺🇸 next year. Can I open one next year or now while I am still in South Africa?
Hi Mark just comes across your info. I like to know and participate in the Roth IRA investment LLC that you are mentioning here. How can I get more info to get in? Thank you.
Mark, I'm so far behind, I never realized by opening up 2 Roths I would only be able to contribute the maximum amount between both, I thought I could fund them separately. I'm trying to buy a condo for myself after short selling in 2013. I need to build my Roth because I'm in my fifties. I'm going to have to take money out of savings to buy a condo, where I would rather fund one of my Roths. I'm not in the same category as most, should I open up a separate 401k and just start building that?
Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
I’m glad I watched this. I thought there were income limits for a ROTH IRA. I was a divorcee and married my current husband at 43 (he’s over 50) and he insisted I take the $1700 I was paying for rent and invest it. This is helpful.
But than you have no money to pY your rent. Alot of these videos is alot easier said than done. Coming from Toronto Canada a household with 2 incomes making 70k/ a year that's 140 this is just an example . And maybe 1 kid at the end of the month they have NOTHING left to invest . I hear about it all the time on the radio on reddit . People are just struggling so badly and just getting by. So if your working full time and have zero money left at the end of the month. How do u start investing . Maybe if you win the lottery or a small prize of $2000 you could start investing with that. But their are some people that don't stand a chance and it's just reality
There still are income limits for Roth IRA. 153k for singles and 228k for family.
But there's backdoor roth after that.
Dm on WhatsApp, legit platform to make investment with 5% daily returns ❤
I've been fed the wrong information for years (grrrrr)!!!
@@niranjanreddy6360 we’re fully funded for retirement and I recently read, “Die with Zero” and we’re done saving and now spending.
The United States as we know it is no more. All signs point to 2023 being a year of significant economic hardship for the entire nation. Put your cash to use straight away to increase its value. I was aware that I needed to invest. I had no idea how quickly a few thousand dollars a month would go up. Though it is. Since 2020, I've made about $600,000.
Fiduciary counselors have access to exclusive information and data sources that aren't available to the broader public. By heeding the guidance of my fiduciary counselor, "Margaret Johnson Arndt," I managed to generate earnings exceeding $820,000 during the third and fourth quarters of 2022. I have high expectations for continued success.
I receive guidance from coach Margaret Johnson Arndt who possesses extensive financial market experience. While others may prefer different approaches, her strategy has proven successful for me, as evidenced by my results. Specifically, she offers valuable insight on entry and exit points for the securities that I concentrate on.
I am grateful for your assistance. My finances have been in disarray, and I have experienced multiple losses in my 401k, IRA, and mutual funds. I hope that Margaret can provide me with the guidance needed to rectify the situation before it reaches a critical point.
Thx for this Mark! Especially the outro, it just made a difference
1. Enough is enough. Let your money does something good. Count your blessings everyday. 2. Keep it simple. I would do conversion every year after filling tax. Make sure the amount converted will not put myself on the higher tax bracket that you can’t afford next year. Make sure the tax is affordable and I still able to contribute to Roth IRA at the same time. 3. Accelerates the Roth conversion after retirement, before you reach 72. It can reduce your RMD. This strategy works for most middle class couples with good spending habits. Before you know it, you are (or close to becoming) Roth millionaire🎉😊.
Amazing , we are blessing to have a handy gentleman in our life to help us to help the big world!!! And he save our life !!! I would like to say a billion appreciate MR Mark . J . Kohler❤❤❤👍👍👍👍👍
You are a beacon of hope Sir. Thank you for all you do and share!
You rock Mark. So glad I hooked up with you last year and you did my LLC in my trust. I have just caught this video onward and upward at 71.
I asked about roth ira after seeing mark talked about it. The sound from their voice was like....how did he know about that. That's when I knew it was the right path towards me making me money.
You're so excellent at helping people understand what our options are. Thank you.
Happy to help!
Great advice. I wish every teacher spoke like this guy
At 8% rate of return, if people want to just go the traditional route of ETFs to make it easy peasy, you can still get to $1mil in about 25 years. That alone can be your retirement. $80,000 a year tax free in 25 years. Assuming you max out your ROTH IRA or TFSA for us canadians, right now.
MIND BLOWN!!!
I thought I knew IRA and 401k
Thank you much
I'm now a fan and a follower
Brotha man Screw anybody who don't like what you're saying your numbers say it al you are the greatest bro
Mark Kohler can make any subject fascinating! Love this guy!
This Guy is really amazing and he has a cool personality 😉
I just came across this I'm going to rewatch this when I get home. I just turned 39 so I'm trying to get the 💰
That feeling is so so important. Have to feel good everything you build.
Thanks for your motivational videos they are pure gold!!
America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600,000 since 2020...
The most important video to build your financial future! thanks
I started at 35 and I wish I had stated earlier. I have investment accounts set up for my kids to start before they are 10, and have been explaining and showing them compound interest calculators.
When i have the disposable income I will aim to match every dollar they put in a Roth in lieu of inheritance.
There is no replacement for time in time value of money.
Am I missing something- The limit on the Roth IRA is 7000 or 7500 depending on age. If there is more than one Roth vehicle the total of all sources is still only 7500 What am I missing.?
thank you so much Mark for teaching all this, God bless you
sure you are. And the USA is financially solvent
A million dollars will be worth so much less in the future, which is the most frustrating thing I hear people say when talking about investing. You're going to have a whole lot less if you don't start and come up with a plan right now because the next best time to start was yesterday. 🙄
Atleast you understand
This is a good strategy to follow, but the question that always comes to my mind. They always tell you that your retirement fund should be 10x from your income at your current age. But when you reach a certain age like 70 your activity and is not the same way as you are 50. As well as your expenses is more cheaper because you don’t need a lot of items, you don’t travel, you don’t pay debt, mortgage so you have plenty of money, but what can you do if you can’t enjoy it while you can.
Forget the Dollar! Silver and Gold for the Great Reset! We are at the end of a cycle!!
I'm now subscribed. Great info to take action on!
Mark, your advice is 1000x better than your artistic ability 😂😂 I lost it when you drew a cylinder. Thanks for the advice. I wish I had this type of information 20 years ago
I’m about to take the tax hit this year and move my tsp to a self directed Roth IRA all this money printing means my taxes will be going up so I’ll take the hit now
WOO-HOOO!!! LETS GOOO
You short changed your return on the RE example its actually 45% IRR. 5K appreciation, 2K in mort paydown, and 2K cashflow that's 9K/4 =$2250 for your $5K investment hence 45%IRR.. Lovely
Someone know math. I thought this too
Thanks Mark for all that you do...priceless information!!! I hope many follow along and take action
Sounds great!! tyvm
Thank you for your teaching 😊
"I need a million dollars to keep me warm for 2 nights in 10 years."
-Love my Thoughts
Isn’t the problem with real estate in a self-directed IRA, is that you have to use that IRA for any repairs and financing, etc.? You can’t use personal or LLC money to fix or remodel the property. Yes, you can invest it in a syndication. I do own metals in a self-directed.
In your equity example 5% of 100k = $5000 + $2000 positive cash flow + $2000 equity payments = $9000. Which calculates to a 45% ROI. $9000 on a $20,000 investment.
I tell people this all the time and most think it’s a trick. The few that listen are blown away.
Title was eye catching 😊
My team works hard at making EVERY aspect of my videos enjoyable!
Mark, I really need your help with my taxes. I understand we haven't met, but I believe you're the right person to assist me. I'm being intentionally vague to maintain confidentiality, but if you're open to it, I'd like to discuss this further in a direct message.
Hi Mark! It’s Never too late built or take full control of your financial! You are correct 👍🏽. I’m about hitting into my 50’s soon. I meet all criteria with Roth IRA, Traditional and HSA saving/ investing.
My question is can I use my asset’s to open LLC account? Do you have additional videos to educate me more about LLC/ tax deferred/ open multiple Roth under LLC. I always believe ROTH IRA has its limitations. This is mind blowing and I have been searching for some guidance in decades. I’m appreciate and grateful for your video🙏 Thanks for sharing your knowledge. I have so much to learn from you. I live in North Cal.
Hey Catherine! We can absolutely help you with this. Please get set up with one of our amazing Tax Advisors at markjkohler.com/tax-advisor-network/ - all of them are trained by me weekly and they can help you get set up and questions answered. Thank you!
wish someone would have told me about municipal bonds and municipal bond funds instead of the 401k, IRA's etc. They are better investment for tax free income for your whole life.
Thank you!
You're welcome!
Shout out to Duluth MN! Love the content Mark!
Solo 401k, pay double tax at first place, convert from 401k to Roth, pay tax too
Thank you!!!
Hello from Duluth, MN
Hello Greg! Thanks for watching!!
Thank you Mark for great and very inspiring and motivational guide. I've learned a lot and I'm going to achieve my financial goals!
What's your opinion on the current state of realestate and the potential of a coming depression and collapse of our financial systems?
A lot of fear in your questions. Educate yourself first.
Excluding Crypto this is an amazing video
At 36 minutes into your video, your equity is not $2500, its a $5000 market increase plus $2000 mortgage reduction for a total of $7000.
Noticed the same. I thought I wasn’t getting it but good to see someone else caught it too.
But you did not count the repairs and when you have a bad tenants that doesnt pay. Vacancy when renter vacated. The headache the you go through. In a stock you dont have to worry those things.
Peter Thiel lodged stock warrants which cost him very little, then exercised them.
You just saved 3 generations
love your work i smashed the like
Duluth, MN is lovely.
Well explained sir
amazing!!!
Thank you SO much!!
$1500 to set up a LLC. Felt that one in the balls.
Imagine putting money into a vehicle that will be totally value-less UNLESS it’s self-administered and holding real assets
Great stuff brother! I appreciate your wisdom and motivation.
Contributing each paycheck into the Roth IRA isn’t a problem. It’s the “self directed” investing portion that scares me. I haven’t a clue!
Great video.
This was pretty cool to see, however nobody ever talks about the pre-tax of Roth IRA! You pay the tax upfront based on your current tax bracket. So it cost you $780-$1080 to put $6,000 in a Roth if you're making a 100k a year. Nobody talks about that including this video. If you're in a higher tax bracket that fee is even higher to do a Roth.
Wow I’m so glad I found your channel, so informative
And then it hits you ftom the side, the dollar defaults regarding 35 trillion debt, that's with a t.
What happens to the aged or disabled or working poor. Recessions, medical, inflation. How many people have this kind of money?
You do get a tax break on traditional ira contributions no matter how much you make IF your employer does not offer a 401k plan.
I agree 22 to 58 went very fast!
Can you talk about when the stock market falls and we loss money ?
Hey Gloria!! That's a great idea, I will make sure to add it to my list of topics. Thanks for the engagement, I really appreciate it!
I set up a self-directed Roth trust, rolled my 403b into it, and bought cryptocurrency (mostly a new one, PLS). We’re in the bottom of the 4 year boom/bust cycle. Now is the time to buy. Crypto is the best performing asset class of the last 13 years.
I am from India. Can one can get started??
The Gov is coming for Mark and Matt
6500 a month in to a Roth now
I work for a Metro Fire Dept. I'm 53. I can retire from that job in 15 months with a pension (about 34K a year). Can I use this like you mention in this vid?
Brilliant 👏🏼
Thanks for being supportive!! I super appreciate it!
Unfortunately, compounding interest isn’t what it use to be.
Roth IRA is probably not for everyone. Some people want to retire between 40-50 years old. They need access to their money a lot sooner.
I’m 10 years that like 100k…..
I’ll pay tax, I want a billion
When you are 59.5 years old can you combine all your Roth IRAs
So I'm 48 and I want to put 25K away each year for my retirement into a Roth.... can I do this amount?
Are you self employed?
Depends on your income and how your employer 401k plan is structured. If you earn enough and have the right plans, you can put away 6.5k+22.5k=29k into Roth accounts for 2023.
@@derekraw1234 Yes I have a 401k plan and I'm going to max it out especially because I'm going to be 50 in a few years and I'll be able to put even more into the plan but I don't like their mix of investments.
You can do far more - $6500 via IRA (Backdoor Roth if needed), plus $22500 via an employer Roth 401k (or Solo Roth 401k if self-employed). And for a couple more weeks, you can still contribute $6000 to your 2022 IRA.
If the 401k plan is structured right, you can go even higher (up to $66k/yr total) by contributing to a second bucket called After-tax 401k which can be converted to Roth.
When you hit 50, then you can add $1000 to the IRA limit and $7500 to the 401k limit… so, $6500 + $1000 + $66000 + $7500 = $81,000/yr into Roth is possible.
And technically you can have more than one 401k plan (different employers), so the Roth numbers can actually go higher.
Mark you rock!!! 🎉🎉🎉🎉🎉🎉🎉❤❤❤❤
Man I need a guy like this in my corner
Elephant in the room - renter. It would be a miracle to find a good renter.
An IRA is an Individual Retirement Arrangement not Account.
Backdoor IRA...more details
I've got a Roth on Robinhood and a traditional on weebull, What is the smartest thing I can do? Have both?What have you Experienced? I want to be set,My Daughter too.Thank you for your Experience on this Brother,My name is Mark too
Hi sir , can I put my roth IRA money on a llc bank account?
Also , can you convert an unused 502c college fund into the same thing without incurring any penalties .....????
I'm 53 and I'm down to call you. I'm freaking out.
I always wanted an info on this.
Thank you for the video.
I instant to move to the US🇺🇸 next year.
Can I open one next year or now while I am still in South Africa?
Hi Mark just comes across your info. I like to know and participate in the Roth IRA investment LLC that you are mentioning here. How can I get more info to get in? Thank you.
What do,I do for my 16yrold daughter
I have a question how do you have or put an wroth in a blind trust
To get your question answered, please submit it to podcast.mainstreetbusiness.com/ - thank you!
Could you write-off dog/cat (cost to acquire and upkeep) under health (HSA) if it is a therapy (ESA)?
No point on savings dollars that debase at 10% year in 10y your purchasing power goes 0😂
Just buy Bitcoin and save it on a cold storage
Change the lighting
I need an Australian Mark Kolher...
IRS is going after the backdoor Roth, my accountant said Ill probably get audited.
Mark, I'm so far behind, I never realized by opening up 2 Roths I would only be able to contribute the maximum amount between both, I thought I could fund them separately. I'm trying to buy a condo for myself after short selling in 2013. I need to build my Roth because I'm in my fifties. I'm going to have to take money out of savings to buy a condo, where I would rather fund one of my Roths. I'm not in the same category as most, should I open up a separate 401k and just start building that?
1000% on some cryptos