I made this mistake as well until last year. It’s partly because of our girly Vivian here that I’m better off now than I would have been. Thank you Viv! You really helped me out! 💜
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
I made this mistake in my 20's, nobody ever explained anything, just had money sitting in a money market smh. So glad I started saving correctly in my 30's.
Good job. EVERY video talks about the roth ira and compounding returns but NEVER specify that you have to actually buy something in the roth lol. I fucking hate content creators and the internet. Take me back to 1990’s smh
I had been making this mistake for a few years before I realized… thankfully I'm only 29. You're doing God's work helping out these young people who dont know better yet!!! 🙌❤️
I am turning 60 next month and am about to be debt free so according to Dave Ramsey I can now start to invest towards retirement. Now, I am wondering if since I am so old if I should put my money in a Roth IRA or a Traditional IRA.
This came at the perfect time because I’m starting a Roth IRA and didn’t even think about investing in that versus just adding money to it. Thank you so much!
This is a very informative video, although I'm still confused. I'm worried about retirement planning and I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested. Any advice please?
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
But how do you invest that money how do you take the money out of that account and put it into an actual investment?????? For the love of God can somebody please f**** explain this All of you guys's videos are exactly the same you got to invest it Don't just put it in well how the f*** do we invest it how the f*** do we get access to it!???!!!? You're skipping over big parts here! Okay we know what to invest in but we don't know how to get access to that money once we contribute it into the Roth!
Nobody who is rich is investing in money market and age based funds, they put their money in actual firms who yield real returns, returns that double, triple, and quadruple the federal standard, actual stocks…
41 comments
Any investment is not guaranteed. It is an investment. When you look at it this way, you are smarter with your investments.
Can you lower the taxes you owe when switching to a Roth IRA? looking to put $146,000 in.
How much of the Roth IRA should you be investing like if you put $1000 in every month how much of that should be invested?
I called Fidelity to roll over my 401k into an IRA and they told me I couldn’t do that.
I made this mistake as well until last year. It’s partly because of our girly Vivian here that I’m better off now than I would have been. Thank you Viv! You really helped me out! 💜
Hi Vivian! I'm an Italian living in Italy. Would you happen to know what the Italian version of a Roth IRA is?
Are their socially ethical index funds?
My money is just sitting in a Roth IRA lol no one told me to invest it lol
I know that LOL. Still you are cute !
It's recommended to save at least 15% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 15% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.
I made this mistake in my 20's, nobody ever explained anything, just had money sitting in a money market smh. So glad I started saving correctly in my 30's.
How do you have to be making yo have a Roth IRA?
Charlie Munger said it best……if you know nothing about investing or stocks. You would be hard pressed to beat the S&P 500 fund. Just saying
I love her, thanks Vivian rich BFf
Im very new to this adulting thing and don’t know where to start-
Can someone explain to me like Im a 5 year old
Good job. EVERY video talks about the roth ira and compounding returns but NEVER specify that you have to actually buy something in the roth lol. I fucking hate content creators and the internet. Take me back to 1990’s smh
I had been making this mistake for a few years before I realized… thankfully I'm only 29. You're doing God's work helping out these young people who dont know better yet!!! 🙌❤️
Awesome thanks ❤
Content is great but I also love the 50's jingle in the background 😁👏👏
is it legal for a job to withhold your 401K for almost 1 year after leaving the company? Also being charged a fee for transferring the $ 🙁
I am turning 60 next month and am about to be debt free so according to Dave Ramsey I can now start to invest towards retirement. Now, I am wondering if since I am so old if I should put my money in a Roth IRA or a Traditional IRA.
MAKE NO PURCHASES on January 2nd. Fight inflation together. JAN 2 WE CAN FIGHT TOO. band together
This came at the perfect time because I’m starting a Roth IRA and didn’t even think about investing in that versus just adding money to it. Thank you so much!
Roths and 401Ks are a scam
Hi Vivia, or Vivian, you are very generous with freely sharing your financial skills and advice. Has your speaking always been on the " shrill" side?
I Learned about the ROTh IRA from Jaspreet Sing from Minority Mindset kachin kachin money 💰 🤑 ❤❤
This is a very informative video, although I'm still confused. I'm worried about retirement planning and I want to ensure a comfortable future. I've worked hard my entire life and I want to enjoy the fruits of my labor without financial stress. I'm really concerned about whether I've saved enough and invested. Any advice please?
Investing in Roth IRA can be a good choice since they are funded with after tax dollars, your contributions can grow tax-free over time. I'm looking to start investing in the stock market and other asset classes with $60k this quarter. Should I focus on index funds or individual stocks? Preferably want the route with the best return in investment. Thanks!
I can't find the video of hers to teach how to invest T^T I'm a step by step person
I just switched up my Roth IRA to 50% SCHD, 25% SCHX, 25% SCHG, and my Roth 401k is 70% vanguard S&P 500 index, 20% vanguard growth index, and 10% vanguard international index. Seeking best possible ways to grow $350k into $1m+ before retirement in 3 years.
Thanks
Hello Erica 🤦🏾♂️
But how do you invest that money how do you take the money out of that account and put it into an actual investment?????? For the love of God can somebody please f**** explain this All of you guys's videos are exactly the same you got to invest it Don't just put it in well how the f*** do we invest it how the f*** do we get access to it!???!!!? You're skipping over big parts here! Okay we know what to invest in but we don't know how to get access to that money once we contribute it into the Roth!
It's sad how many people see ROI and think that's it. I've seen someone get 1200% from one investment. Average for the opportunity is 500%
Wow !! How can the same person be the smartest one and the dumbest one at the same time? 😅
Spouse recently laid off. What are the steps for rolling over 401k to Roth IRA? Is a financial advisor necessary?
THANK YOU. I’m understanding stuff noe
Incredbile advice – lost this lady!
Nobody who is rich is investing in money market and age based funds, they put their money in actual firms who yield real returns, returns that double, triple, and quadruple the federal standard, actual stocks…
Do you recommend splitting the Target Retirement Fund, VOO, FNILX, SWTSX, and NASDX equally (so 20% each)? I'm guessing that's the best way to do that
We definitely found this out too late.