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HSBC Warns of Imminent Large-Scale Recession

1. Take My Finance Course Here & Learn How To Build 'Long-Term' Wealth - 2. Join Our *AMAZING* 'Awake' Tribe Here! - 3. UK based? Here Are My 3 UK Property Training Courses: 4. Want A Private 1-on-1 With Me? - 5. Silver & Gold: 🪙 This is where I Buy Silver/Gold Globally - 🇺🇸 This is where I Buy Silver/Gold in the USA - 🇬🇧 This is where I Buy Silver/Gold in the UK - DISCLAIMER This video is for entertainment purposes ONLY & designed to help your thinking, not direct it. These videos shall NOT be construed as tax, legal or financial advice and may be outdated or inaccurate; all decisions made as a result of viewing are yours alone. Scammers: There are scammers who have cloned my YouTube account (and pretend to be me) talking to you in the comments. I will never provide you with a Telegram/WhatsApp number - this is a scammer, DO NOT reply & simply report them to YT. I acce...

Thrift Savings Plan Explained

Navigating the Thrift Savings Plan can be overwhelming. Don’t worry, we cover everything you need to know without assuming that you have a degree in economics. You’ve decided that saving for retirement is important. Great! Now, you’ll need to decide where to invest your money for long-term growth. If you happen to be in military service or a federal government employee, then HR has likely introduced you to the Thrift Savings Plan AKA the TSP. The federal government sponsored this retirement investment plan as a way for you to save for retirement. What is the Thrift Savings Plan? The Thrift Savings Plan is a defined contribution plan. The account type was created through the Federal Employees’ Retirement System Act of 1986. The goal was to create a tax-advantaged account for federal employees with similar benefits to a 401(k) plan. Unlike a pension, retirement income from your TSP is dependent on the money you have contributed to your account along the way. Additionally...

Should You Pick A Roth VS Traditional IRA

Traditional IRAs and Roth IRAs both offer tax-advantaged growth of money. The contribution for both account types for 2021 is $6,000, or $7,000 if over age 50. The biggest difference between the account types comes down to when you pay taxes on the money. With a Roth IRA, you pay tax now. You contribute to a Roth IRA using aftertax money, and you can't deduct the contribution from your taxable income. But when you do withdraw the money in retirement, it's tax-free. Roth IRA contributions are also subject to certain income limits. A single filer and head of household can make a full contribution if your income is below $125,000 and a partial contribution up to $140,000. For married filing jointly, you can make a full contribution if your income is less than $198,000, and a partial contribution up to $208,000. With a traditional IRA, you pay tax later. When you contribute to a traditional IRA, if your income is below certain limits, you may be eligible to deduct the ...