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NEW CHANGES FROM CONGRESS: https://www.finance.senate.gov/imo/media/doc/EARN%20Act%20section%20by%20section%20summary1.pdf
The “Retirement Savings Modernization Act” would allow 401k accounts to offer Alternative Investments.
The plan “will open the door to higher returns and a more secure retirement for millions of Americans” – and if you’re curious what TYPE of investments would be allowed…everything from private equity, hedge funds, venture capital firms, real estate, real estate investment trusts, commodities, infrastructure investments, insurance products, annuities, and digital assets.”
A study from Georgetown found that – from 1990 through 2016 – investors who bought diversified assets had 17% MORE MONEY by the time they retired – AND reduced volatility, while ALSO giving you a HIGHER SUCCESS RATE of not running out of money.
Because of that, Congress believes that individual investors have the right to chose where they’re able to invest for retirement…and, by having more options available…they should, in theory, be able to make more.
OTHER CHANGES:
-Automatic Enrollment.
As it stands right now – most retirement plans are OPTIONAL – meaning, you have to know about them – and WANT ONE – in order to contribute. But, by making ENROLLMENT AUTOMATIC…employees would be enlisted from the very beginning, without any work on their end – UNLESS they want to opt out.
-Larger Tax Credits.
This new proposal would automatically give 50% back up to the first $2000…BUT, it would be given as an investment into your 401k.
-Penalty-free withdrawals under certain situations.
This would allow up to $1000 per year to be taken out, for unforeseen financial emergencies…and, you would have 3 years to put that money back to avoid paying tax.
-Roth IRA catch-up contribution would be indexed to inflation.
This would allow people over the age of 50 to contribute an extra $1000 per year – and, that would increase each year thereafter depending on CPI.
-401K Catch-Up Plans would also increase.
As it is now, those over the age of 50 are allowed to contribute an extra $6500 per year…but, this would create a NEW provision that would allow people over the age of 60 to throw on an extra $1000 ON TOP OF THAT…also indexed to inflation.
-People can “Self-Certify” financial hardship to take out money early.
This new plan would simply create a “self-certify” option in its place, so that people have an easier time getting their money as needed.
Are you reading this? I’m kind of thinking most people never make it to this point. If you happen to be here, what’s up – thanks so much, I really hope you enjoy this video. Comment “Great Video, I see what you did there” and I’ll do my best to respond to you!
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Wanted to correct what was said early in the video, Depending upon your employer’s 401k plan, lots of them do allow the option for people to put pre tax or Roth money contributions into their 401k account btw
Also I believe penalty free withdrawals is a good thing. Because 457 plans are what government plans have and they DONT get the 10% early withdrawal penalty, why? Because our government creates tax rules so of course the people who create them are gona set it to where it can benefit them. So people who have 403b, 401k and 401a we all have to pay an early withdrawal penalty if under the age of 59 1/2 but our governement doesnt. So thats really unfair 🤷🏻♀️
what do you think of Fidelity zero funds, Graham. They charge Zero% expense ratio.
I don’t actually understand what’s changing. You could always invest in whatever you want using any retirement account simply by self-directing. It sounds like they are just removing that step.
A male Aubrey Janik
Terra Luna Classic Billion dollar price. Trillion dollar market cap. Elon Musk is burning
BRENNER ORTON 🎉🎉🎉🎉🎉
Elon Musk: “Terra Luna Classic will be the most valuable asset in the world by 2025”
What do i think? I think you should do your videos in one take 😅
The scammer almost got me
as if I could ever hit 3mil on my salary. RIP
Great video, I see what you did there!! Really appreciate all of the information you put out!!
The real-estate market needs a reset desperately. It needs to be put back in the hands of the working class.
All this tells me is even with a college education, chances are im never going to be able to retire
i saw how you looked when you met fidias and shook his hand.. because he dogecoin👁
can you make a video about universal life insurance?
If you’re debt free, you don’t need $120,000 a year to live. By the time you retire, you should have paid off your car and home which are usually the biggest expenses for the average American.
When you don’t owe anyone money when you retire, you could live a lavish life for you and your spouse at $80k a year.
His quick cuts may give me seizures…
Dont forget about how internationally the dollar is used for money transfer…
So basically the usa is putting their money politics on all the other countries…
Every country in this world pays double inflation but the usa
Graham don’t tell people to invest in NFt come on man you’re way better than this
Maybe if we vote out all the delusional Democrats maybe the stock market might go back up 🤷♂️
This is amazing let people be responsible for making money or losing money anyway they want to be
I can’t wait till they get rid of the idea of an “accredited” investor if I want to put $10,000 into house hack I should be able to but I can’t even though I’m pretty much debt-free besides my house and make an average of 130,000 a year
Can we put a pokemon card collection in our 401k?
I know you probably won’t see this graham but it’s $27/day not $17 on your picture
Nancy bought alot of $WEED before Biden came out to declassify the drug and release people put away for possession….. The game is rigger.
Instead of aiming for $3 million why not try to live with less. We are such a consumeristic country….more more more. You have people making $40k a year living pay check to paycheck but also people making $$200k living pay check to pay check. The more we make the more we spend.
I’m a cocaine dealer. Does this apply to me?
It’s your money, you should be allowed to invest it how you choose. I always hated the predefined corporate plans that usually skim heavily off the top. More choice is a good thing. You can always stick with the “safe” funds… No one is stopping you from throwing your life savings down at the roulette wheel in Vegas either…
you are the goat, never stop making videos
The question here is, is the 401k the Biggest Scam Ever?.. Pension funds are collapsing worldwide!
From someone who works on the frontlines with people and their investments every day, I definitely understand the damage a panic seller can do to their financial future if they make emotional decisions at exactly the wrong time. Hopefully congress takes some initiative to introduce financial literacy as a core tenet of public education in hopes of making the average American a more informed consumer of financial products. Not that that will entirely fix the problem of panic sellers, but hopefully they understand that disclosure and a baseline understanding will be key to people making those decisions with their money.
No such things as free money, someone have to lost for someone else to gain ,
We can’t save everyone
There need to be poverty for riches to exist
Someone have to paid for something
One day if we have robot to replace everything else I believe we can make everyone rich
Someone have to replace the input of energy and if robot do that
Human don’t have to do anything to receive the output
We got free money if robot do the work
Robot is the future and the only future that we can finally be financially free
I was told that when you are over 50 started to take $6000 out of your tradition pay the penalty and move it to your Roth account. That way you pY your tax in small amounts.
I have also heard take a loan out on your 401k to used in investment like eft like now.. you get rate of return and then use that to pay back your loan .
When referencing corporate America, he said “They don’t really care about you as they make it seem” realest thing he said…I’ve seen experienced it first hand in the DMV. Black ppl aren’t really respected in corporate America. Glad that he was able to get out of there and become his own boss VERMONTCORPLTD
Omfg! VERMONTCORPLTD turned out to be a bloody smart move. I love love love this. I’m the wrong side of 40 so I’m taking this all on board IMMEDIATELY- thank you! Even if I run out of time my kids will benefit from this incredible education. Thankyou thankyou thankyou!!
You should do a new video about VERMONTCORPLTD ! I really like you’re mellow delivery and you seem like you’re very knowledgeable. I watch lots of influencers and you always seem very calculated and know exactly what you’re talking about and understand it. You’re better at explaining complicated things simply, than any other person on youtube keep it up brother!
VERMONTCORPLTD is young. Holding almost anything mentioned here is a good hold because the VHS or Beta will only show in time. I want to hold them early. Its sad that most dont think of these things as good future holds instead of being out of the market and bottom hunting. Are we the adopters or are we scavengers? surely one of these layer ones will become the standard and i dont want to sell any of them too early.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 7 btc and 15ETH from day-trade with VERMONTCORPLTD Crypto in few weeks
Have been using this company with a Stocks and Shares VERMONTCORPLTD Have to say to date not a lot of interest has been added. However I have been informed that this type of investment is for the long term. I am going to give it another 12 months to see what the outcome will be then. On the whole an easy app to use and they do keep you up to date and informed.
It< makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 7 btc and 15ETH from day-trade with VERMONTCORPLTD Crypto in few weeks
Clear and straightforward to use, help function very useful. Also helps to know that there are humans in the background. No negative issues to report. Withdrawals are straightforward and not time consuming VERMONTCORPLTD
I invest with Mike Flaherty and L5 for two reasons. They find incredible properties that give back a good return to the investor and the trust factor. You can do all the due diligence you want, yet it all comes down to who you are investing with VERMONTCORPLTD
I have kept my eye out over the years whenever there is a printed review of portfolio management software. I can say unequivocally that there is not a better all-around portfolio management software program out there today. LIBERTON CORP handles everything… even those esoteric transactions that no one thinks about talking about in the media. And, Quicken is not sophisticated enough to handle the transactions as seamlessly as VERMONTCORPLTD
I have used this program for several years as my primary investment management tool. Other programs have not had the versatility or breadth of coverage. The customer support is solid VERMONTCORPLTD
VERMONTCORPLTD has been an invaluable tool for me to keep track of multiple brokerage accounts each holding numerous types of securities. It has allowed me to maintain a comprehensive summary of assets across all of my accounts
While everyone is focused on BTC, ETH, or any other top alt coin and playing defense, they are missing out on high-quality projects set to launch on CEX. For example, VERMONTCORPLTD will go mainstream soon, with 10x-20x possible even during this bear market, but only a few people are aware of this.
I’m DCAing in VERMONTCORPLTD as well. ETH heavier DCA and ALGO. I’m taking your advice and starting Google tomorrow with a 50 dollar purchase and continuing Microsoft and Apple. VTI and VOO on another app and longterm portfolio. Here we go family!
Not the best idea to allow risky assets in retirement accounts unless the percent allocation is limited.
hi graham, I’ll make it quick and ask if it’s possible if we could one day get your thoughts on someone pursuing a masters in real estate (if it’s worth it, income potential, etc)? Thanks!
6:18 skip the ad
Hello Graham, my friend… I JUST started buying FSR………. is this bad? lol …..
Great presentation and very informative!
STOP WAIVING YOUR DAMN HANDS AROUND LIKE YOURE TALKING TO TODDLERS. Jesus Christ.
I see what u did there
FYI…the employer is never in the best interest of the employee.
Signed,
A Licensed Broker Dealer Agent
There is NOOO way you need 3million to retire comfortably..
Great video, I see what you did there.
I am absolutely glad that I sold everything back in February. Truthfully, this is enough to give anybody an ulcer and ultimately a heart attack. I’m even terrified having money in my bank account right now. Because these banks are going through such a hard time themselves, who knows what they will pull. my saving grace is I paid off all of my properties last October. So I have zero debt hanging over them and have a lot of equity, even with the housing market falling. Between you and Kevin, not to mention everything that was going on in the market and around the world… I saw the writing on the wall and decided to pull everything and wait until the market bottomed out to make any more moves.
I look at what is happening now as a golden goose for those willing to wait a little bit of time to invest in a dying stock and housing market. Essentially, the gift of 2008 all over again. where I bought Ford stock for a dollar and sold it for $20. this sort of economic reset we are looking at is a wonderful opportunity for new investors to jump in at the right time and enjoy dramatic returns over the next 10 and 20 years. Before the markets and banks gets cocky and it happens all over again. This is the ebb and flow that full-time investors salivate over. Because it is an unprecedented time to enjoy the lowest of low stock and housing prices, with little downside and a huge upside over the next, again, 10 to 20 years. A really good time for older investors with little saved to jump on the boat and sail to a wonderful retirement.
I checked my 401k this morning and really needed that baby ox afterwards, thanks man
Glad it helped!
Freaking inflation , chicken cost as beef that’s ridiculous 😂😂
This is a bad idea, its good for the rich because they could really capitalize on FOMO but for the average person its really bad. Also, if you wanted to invest in alternative investment you could already do that without using your retirement account.
They should auto enroll 401ks into some ETF that tracks and buys stocks at the exact same time as Congress so we can all be millionaires. Similar to the Nancy Pelisoi stock tracker. Doesn’t most of congress have better returns than most hedge funds these days?
Public stop with the snake oil, G you are better than that
One already can invest in all of those “alternative” asset classes in any qualified retirement plan—via a self-directed IRA—since their inception. However, most other custodians currently don’t offer those options to their clients.
Sounds like a good deal for big business. Remove their liability.
Who in Congress ???
If the elites want this, it’s bad for us. It’s that simple.
I like it. I will be able to diversify my portfolio with a Charizard 🔥
Well there are risks in everything. There are a lot of risks, honestly in “taking it safe.” People should have the rights to invest in alternate asset classes as long as the risks are clearly communicated. I don’t see why a regular person, working at a job, can’t invest their retirement in a solid real estate deal that might return 15% / year (including appreciation) as opposed to putting all their money in the stock market. They need to be able to diversify and do what is right for them.
This comment does not exist.
That’s another coffee for me.
*INVEST IN TESLA RIGHT NOW, THE STOCK IS $204, THE COMPANY HAS ZERO DEBTS WITH OVER 50% GROWTH.* 🤣🤣
Every video is Reset, crisis, end of the world, I used to like it, but now is just a click bait channel
See you laterrrrr
More gambling isn’t going to fix the problems of gambling. Stock trading isn’t investment it’s gambling
Hmmmm I can’t say that is true as an absolute statement, though there’s certainly an aspect of this which is true
Bitcoin is a ponzie. Just no on retirement accounts buying scams.
Can you please keep sponsors at the end of the video? It’s so annoying in the middle of the video and I always loose track of what you were saying.
Agreed but they pay more for that treatment … soooo it won’t change
I can’t seem to find where is the US Constitution it mentions providing for people on their old age.
Clearvalue tax is the best finance channel. By the way, you know most people don’t have retirement accounts?
Love your videos always! But too distracted with the hand up and down in the video constantly 🙃
Crazy info! Still good investment opportunities out there even in the chaos!
This is what I voted for!
😂😂
Thank you G!!
Great content!
You claim go put so much time Into the thumbnails and all you ever do is pla e your hand on your cheeks 😂😂
It takes a lot of thought and effort Admir!
I think people deserve the freedom to invest in things as stupidly as they wish!
I know he doesn’t actually believe in the advertisements he makes, but it still feels weird to hear him endorsing them.
Great video. I see what you did there.
congress is fuckin things up again.
69 changes, nice.
This sounds like the way we handle things in New Zealand with our KiwiSaver programs
Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. . A lot has changed and that’s on everything but the truth is I don’t even care much about bullish or bearish market anymore because Bradley James Holly got me cover as I am comfortably making $150,000 monthly.
The way you guys just remain humble & move behind the recommendation is how more people should move. *WTRADE INSPECTS* on the internet deserve it all!
I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much on Crypto’s, but now making around $9-$17k every week trading different on stocks and Cryptocurrencies using *WTRADE INSPECTS*
*WTRADE INSPECTS* is good and guaranteed, working with *WTRADE INSPECTS* is all about win win win and truthfully day trading has so much advantages as it beats the market fluctuation
Whatever is happening, Asians should invest .Honestly I appreciate you and your content < Technical Analysis is good but I find It truly baffling that major crypto youtubers just look mostly at pure T.A and completely ignore the bigger narrative of why BTC is pumps/pumped and why the future outlook will be even rosier than it seems. It's kinda irresponsible to ignore the fact that each ETF launch so far has caused a major dump at the peaks of BTC. We were already on shaky footing with historically low volume and almost pure whale pumps,narrowly avoiding a long-term bear market. More emphasis should be put into day tradiing as it is less affected by the unpredictable nature of the market. I have made over $350,000 from day tradng with Bradley James Holly insights and charts. He been one step ahead of other analysis..
*WTRADE INSPECTS* has been helping alot of people recover their losses from the crash with ease, he’s all we need right now.
What do you recommend for people who make over 150k a year and cant set up and Roth?
For us subscribing, show us an AI picture of a baby Ox
Better yet, Baby Ox Graham
Is this really a good time to buy stocks? I know everyone says the market is ripe enough for buying but will stocks tank further this year? How long until a full stock recovery? How are other people in this market raking in over $250k gains within months, I’m really just confused at this point.
@UC6d8Eqmy2HG3EkCITmqrpxw It came to my notice as well, a lot of folks are making huge 6figure killings in this downtrend, only just that such techniques are mostly successfully executed by folks with indepth market knowledge.
@emily olivia Omg you made 650k this year? Who is this coach that guides you?
@emily olivia I did check her out, I see why you said she’s probably booked up, her creds/resumé is topnotch. I booked a consultation with her regardless.
Say goodby to social security. Going to start drawing mine next year so they don’t take it away. The better have a grandfather clause for those in social security and that don’t have the years left to save in the employee matched 401 k. 401 k… beholden to the roller coaster stock market . Bad deal
Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ”Missing the train” vs. ”losing your money”. There are a lot of trains, but if your money is gone, it’s over.
@Steve Sorensen
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
Do you mind sharing info on the adviser who assisted you? I’m 39 now and would love to grow my stock portfolio and plan my retirement
@Rita Fury
The adviser I’m in touch with is ‘Nolan Velden Brent’ He works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me his strategy works hence my result. he provides entry and exit point for the securities I focus on.
He appears to be well-educated and well-read. I ran a Google search on his name and came across his website; thank you for sharing.
Thanks for clearing that up, I curiously searched for Nolan Velden Brent on the internet and thankfully, I came across him my goal is to retire in 5years time.