@edwardcollins_upleveled: Thinking about your 401(k) and its long-term impact? While a 401(k) offers tax deductions today and forces you to save for the future, those dollars will be taxed when you withdraw them. It's crucial to consider where you think tax rates are heading. To create wealth, every dollar should be working for you. Invest in real estate, businesses, or your skills to make the most of your money. Be a wise capital allocator and ensure your dollars are hard at work for your financial future. #FinancialLiteracy #GetUpleveled Credit (IG): Grant Cardone - @grantcardone SF0473

Edward Collins
Edward Collins
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Region: US
Wednesday 31 July 2024 16:02:00 GMT
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nerdmillion
Nerdmillion :
I’m willing to bet your taxes when you’re retired is a lot lower given you have no income and at a lower tax bracket.
2024-07-31 21:44:58
0
seaneysean
Sean Z :
I have a Roth 403b. It’s great
2024-08-04 01:24:38
2
thonda3800
T-bone :
That’s why I contribute to a 401k, 401k Roth, and Roth IRA. I can just pull out of each and only pay taxes on the traditional 401k. This should in theory keep my taxes low.
2024-08-02 02:05:19
1
user782275978
M Smith :
If you have an employer who matches a good percentage, this is a no-brainer. 401(k) will still always be better.
2024-08-26 16:52:51
0
mathew_rd1
Mat RD :
Roth 401k
2024-07-31 16:23:40
3
darrelldingess947
Darrell :
but are you going to be making less money then that's what you have to figure out if you're going to pay less taxes now or then with you making possible less money or not
2024-07-31 16:36:32
2
amirsotork
AmirRealEstateInvesting :
Need to take out that money and invest in real estate. Just ask me
2024-08-22 18:01:10
0
jameshammond513
James Hammond415 :
Low wage? 401K pre tax. Higher wage!”? After tax. Get all your free money.
2024-07-31 21:48:35
0
clarkahenry
Clark Henry :
Roth IRA and HSA🔒
2024-07-31 20:35:03
20
tca1515
Ruse :
401k is only good if your job matches a percentage. And only put as much as they match
2024-08-02 07:35:00
9
cali_the_berner
Cali 🐶 :
So use a Roth IRA where it will be taxed now instead of later, and you’ll have penalty free withdrawals of your contributions at any time
2024-07-31 18:46:10
8
southlandtechi
southlandtechie :
I don't see a scenario where 401 k is not mathematically the better choice.. Youre basically investing money that would otherwise be lost as tax.
2024-07-31 22:01:17
5
protonzzz
protonzzz :
You will pull out less tax money in retirement then while working
2024-07-31 20:29:08
5
shandsm11
Mo :
I love your content Edward
2024-07-31 20:28:29
5
jg.hughett
jg.hughett :
I only do it for the employer match
2024-07-31 20:06:45
5
ashes_of_sparta
ASHES_OF_SPARTA :
He gives really good advice but he also looks like lex luthor from smallville
2024-08-01 02:09:21
4
materialization_shitori
_blank_ :
that money that would have gone to taxes, is instead being invested & will likely will at least 4x in the next 30 years. With inflation, will you be paying 4x the amount of taxes that you are now?
2024-07-31 20:49:06
4
jre7738
JRE7 :
why not max out 401k every yr, take 50% loan out, invest it, repay it...rinse & repeat tax free
2024-08-02 14:34:39
2
vibetalkers
Vibe Talkers :
Vlad thinks he is so smart but knows nothing
2024-08-03 06:39:55
1
_mike631
mike :
Roth IRA & Roth 401k
2024-08-02 06:20:47
1
mtnielsen56
Mike Nielsen :
the theory goes. that by the time you retire and start pulling money. you'll be making alot less a year. outting you into lower tax brackets. so yeah taxes may go up but it's off of a % of alot less
2024-08-01 16:02:53
1
theparkerdaddy
parkerdaddy :
Roth
2024-08-01 07:07:30
1
reckedbro
Recked :
compound interest plus company match. I make 130k right now and will have 4 million by the time I'm 59
2024-08-01 06:07:39
1
gtr_mike
Mike :
every older person I talk to says they wish they never had a 401k and put their money somewhere else
2024-08-01 01:43:56
1
pnw911
PNW911 :
I don’t invest , I live in the moment
2024-08-01 00:27:13
1
mamasboyand
Mamas boy :
I have a lot of money in 401k can I convert it into another type of account and then buy real estate with it
2024-07-31 22:23:48
1
butterofpeanut
WetBagel :
ROTH 401K IS THE BEST
2024-07-31 20:58:01
1
josec4310
josec4310 :
When u employer matches u contribution u already make 100% gain, Free money come on.
2024-07-31 20:43:18
1
iamherejust4you2747
Me :
Considering my tax bracket will be considerably less when I retire because of no income, it will be OK
2024-07-31 18:39:11
1
trolltoks620
Troll :
Dude do you know finance at all, ROOOOTHHHHHHHHHH
2024-07-31 18:04:01
1
sazamatic
sazamatic :
You need to ask yourself if you will be in a higher tax bracket in the future when you plan to withdraw than if you paid tax on $ now, if so Roth makes more sense (and cents) 😁
2024-07-31 18:00:29
1
monitarymechanic
monetarymechanic :
Cash flow pays the bills, equity will make you rich
2024-07-31 17:22:51
1
nbriand34
Briand :
So was it Edward verified? 🤔😂
2024-07-31 16:50:35
1
preciousofical
Perauniversity on IG :
My $233 turned into $9,500, Interest in crypto trading, but don't know how to trade, and you need trading guidance contact @Max Anthony | Financial Coach
2024-08-06 12:25:29
0
sr.electrical.pm
Sr.Electrical.PM :
Why would the interviewer ask a question that he clearly did not even know the answer to and then argue about it?
2024-07-31 21:54:36
0
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