@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
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
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Sean Z :
I have a Roth 403b. It’s great
2024-08-04 01:24:38
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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
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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
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Mat RD :
Roth 401k
2024-07-31 16:23:40
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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
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AmirRealEstateInvesting :
Need to take out that money and invest in real estate. Just ask me
2024-08-22 18:01:10
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James Hammond415 :
Low wage? 401K pre tax. Higher wage!”? After tax. Get all your free money.
2024-07-31 21:48:35
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Clark Henry :
Roth IRA and HSA🔒
2024-07-31 20:35:03
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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
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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
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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
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protonzzz :
You will pull out less tax money in retirement then while working
2024-07-31 20:29:08
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Mo :
I love your content Edward
2024-07-31 20:28:29
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jg.hughett :
I only do it for the employer match
2024-07-31 20:06:45
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ASHES_OF_SPARTA :
He gives really good advice but he also looks like lex luthor from smallville
2024-08-01 02:09:21
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_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
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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
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Vibe Talkers :
Vlad thinks he is so smart but knows nothing
2024-08-03 06:39:55
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mike :
Roth IRA & Roth 401k
2024-08-02 06:20:47
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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
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parkerdaddy :
Roth
2024-08-01 07:07:30
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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
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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
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PNW911 :
I don’t invest , I live in the moment
2024-08-01 00:27:13
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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
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WetBagel :
ROTH 401K IS THE BEST
2024-07-31 20:58:01
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josec4310 :
When u employer matches u contribution u already make 100% gain, Free money come on.
2024-07-31 20:43:18
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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
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Troll :
Dude do you know finance at all, ROOOOTHHHHHHHHHH
2024-07-31 18:04:01
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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
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monetarymechanic :
Cash flow pays the bills, equity will make you rich
2024-07-31 17:22:51
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Briand :
So was it Edward verified? 🤔😂
2024-07-31 16:50:35
1
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
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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
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