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Essential Investment Accounts for Achieving Financial Freedom: A Comprehensive Guide

Episode #452 If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today’s episode, we’ll touch on the common accounts you’ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible. And whether you’re just starting your retirement journey in your 40s, 50s, or 60s, or you’re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course,

The Largest Financial Bubble in History: What Is It?

On episode 74 of Ask The Compound, Ben Carlson and Duncan Hill are joined by RWM CFO and Tax Ninja Bill Sweet to discuss asset allocation, saving for a house, tax efficient rollovers, tax loss harvesting, and much more! Submit your questions to askthecompoundshow@gmail.com! ►00:00 - Intro ►01:53 - Asset allocation ►09:10 - Saving for a house ►14:02 - SEP IRAs ►19:01 - Tax efficient rollovers ►24:00 - 401K vs. ROTH ►27:14 - Tax loss harvesting 👕 Check out The Compound shop: 🎙️ Listen to our podcasts: The Compound and Friends: Animal Spirits: Ask The Compound: Talk with us about your portfolio or financial plan here: Check out Ritholtz Wealth's automated investing platform, Liftoff: Instagram: Twitter: Tik Tok: Facebook: Investing involves the risk of loss. This podcast is for informational purposes only and should not be regarded as personalized investment advice or relied upon for investment decisions. Duncan Hill, Bill Sweet, and Ben

All About the Backdoor Roth IRA Strategy - Your Money, Your Wealth® podcast #295

On Your Money, Your Wealth® podcast #295 with Joe Anderson, CFP® and Big Al Clopine, CPA: whether you call it the barn door, the garage door, or the Roth two-step, you asked for more about the tax saving Backdoor Roth IRA conversion strategy, and Big Al and, reluctantly, Joe, are here to serve. For now at least! Should you wait until retirement to do a backdoor Roth IRA conversion? Plus, the pro-rata rule, self-employed modified adjusted gross income (MAGI) vs. AGI, and how capital gains work with Roth conversions. Also, strategizing for if and when the estate planning step up in basis tax laws change, whether a high yield savings account is good for investing $25K in cash, and listener comments on the show and the FIRE movement. 00:50 - Should We Wait Until Retirement to Do a Backdoor Roth Conversion? 08:31 - Capital Gains “Sit On Top” of Income? What About When Doing Roth Conversions? 15:44 - The Pro-Rata Rule: Are There Times When a Backdoor Roth Conversion Isn’t Worth It

How to Use Your Roth IRA as an Emergency Fund

In this video, I'll go over the importance of an emergency fund and how to leverage your Roth IRA as an emergency fund. ★ Recommended personal finance books The 4 Hour Workweek: The Simple Path to Wealth: Financial Freedom: Quit Like a Millionaire: I Will Teach You to Be Rich: The Total Money Makeover: ★ Music Outdoors - Tired ★ Offers Try Airbnb for $65 off your first booking: Try Rakuten and earn $10: ★ Contact Business email: moneybeecontact@gmail.com ★ Disclosure: I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. Some of the links presented in this description are affiliate links, meaning that I may receive a small commission for any profits resulting from the links.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/how-to-use-you

Investing vs Saving: Why You’re Doing It Wrong (For Millennials)

This video discusses the differences between investing and saving, where you should be putting your money, how to save during inflation, how to invest during inflation, how soon should young people be investing, and so much more. 00:00 Current Financial Climate 00:58 Investing vs Saving - What Is The Difference? 02:25 High Yield Savings Account 03:27 Certificate of Deposit 03:56 Bonds 04:29 Index Funds - S&P 500 05:14 Individual Stocks 06:14 My Recommendations 07:35 Should Young People Save For Retirement?... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/investing-vs-saving-why-youre-doing-it-wrong-for-millennials/?feed_id=42148&_unique_id=637cc55f68519 #Inflation #Retirement #GoldIRA #Wealth #Investing #Bonds #certificateof #certificateofdeposit #highyieldsavingsacco