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In the video Ryan advises against selling portfolios out of concern for election outcomes, arguing that historically, the stock market's performance is largely independent of whether a Democrat or Republican wins the presidency. Ryan references a study by Dimensional Funds, which shows that since 1928, there have been only four election years where the stock market ended negatively, and these downturns were attributed to external factors rather than election results. He further explores market performance during the two-year periods surrounding elections, noting minimal differences in returns whether a Democrat or Republican takes office. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #stockmarket #election2024
How Presidential Elections Influence the Stock Market ? | On The Money
In the video Matt emphasizes the importance of starting a retirement plan with a clear vision of what one wants their life to look like during retirement, beyond just financial considerations. He illustrates this with two client stories: one who retired from an oil and gas company without planning what to do next, resulting in a sense of loss and confusion post-retirement; the other, also from the oil and gas industry, who had a long-standing dream of living in the Colorado mountains, which he successfully realized because he integrated his financial planning with his life vision, acting decisively when conditions aligned with his goals. Stevenson urges viewers not to neglect this vision-planning step, suggesting that the financial aspects of planning should follow once this vision is clearly defined, to ensure a fulfilling retirement. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #retire
How to Plan your Dream Retirement | On The Money
In this video Matt Stevenson highlights the significant yet often underestimated effect of inflation on retirement planning. In recent years, particularly in 2022, inflation rates of 8-10% have raised living costs, eroding the purchasing power of retirement income. He illustrates this with an example: a $5,000 monthly pension in 2000 would now require nearly $9,900 to have the same value due to a 44% loss in purchasing power. This demonstrates the necessity for retirees to have additional income sources to supplement fixed incomes, such as pensions or Social Security, which typically do not adjust for inflation. Stevenson emphasizes the importance of managing retirement accounts (IRAs, 401(k)s, brokerage accounts, Roths) to ensure they can provide reliable income over the decades 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #inflation
What is the True Impact of Inflation on your Retirement | On The Money
In his video Matt discusses the most significant threat to retirement plans. Contrary to common beliefs like market volatility, running out of money, or timing income streams, Stevenson highlights that emotions are the primary factor that can derail retirement plans. He explains how the transition from accumulation to distribution phase in retirement makes individuals more sensitive to market fluctuations, leading to emotionally driven financial decisions. Citing research from Dalbar, he notes that emotional decisions often result in investors achieving only about half the returns of the stock market. Stevenson provides an example of a client who made a costly decision driven by emotion, selling company stock at its lowest and not re-entering the market, resulting in a significant loss. To combat this, Stevenson advises seeking consistent outcomes and adopting a systematic process to manage finances in retirement, thus avoiding emotionally driven mistakes that can jeopardize financial security. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #investment #investing #stocks
What is the Greatest Threat to your Retirement Plans ? | On The Money
In this video Matt discusses the increasing prevalence of robo advisors in financial planning, particularly for retirement plans. He explores the pros and cons of using robo advisors, highlighting their benefits such as ease of use, cost-effectiveness, and automatic rebalancing of investments. However, he also points out drawbacks, such as the lack of personalized advice and inability to account for life's unpredictability or individual financial needs. Matt emphasizes that while robo advisors follow conventional financial wisdom and can be efficient for certain aspects of retirement planning, they may not fully address the unique aspects of each individual's financial situation, especially in the context of legacy planning and the emotional aspects of financial decisions. He concludes that the suitability of a robo advisor depends on personal circumstances, goals, and the specific stage in one’s financial journey, whether in accumulation or income mode. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #investment #investing #stocks
Should I Consider Using a Robo Advisor for my Retirement | On The Money
In this video Matt addresses the common question of whether investing solely in major companies like Apple, Microsoft, and Google is a wise strategy. He acknowledges the significant impact these tech giants have on the market, dominating a large portion of the S&P 500. However, he emphasizes the need for a balanced approach, citing the volatility and substantial market losses experienced by these firms, exemplified by Facebook's significant downturn the previous year. Stevenson suggests looking beyond individual companies and considering entire economic sectors, underlining the importance of diversification in investments. This includes exploring various asset classes like stocks, bonds, real estate, commodities, and international investments to mitigate risks associated with market fluctuations. He stresses that this approach is particularly crucial for ensuring stable financial returns during retirement years, advocating for a balanced portfolio over chasing high returns with associated high risks. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #investment #investing #stocks
Should You Just Invest in the Biggest Companies ? | On The Money
Ryan discusses the financial benefits of relocating during retirement for a lower cost of living. Wheless uses a hypothetical scenario of a retired couple, Bob and Ann, to illustrate the financial implications of staying in a high-cost area versus relocating to a place like Knoxville, Tennessee, where the cost of living is significantly lower. Through a Monte Carlo simulation, it's demonstrated that by reducing expenses through relocation, the couple could increase their probability of financial success in retirement. Ryan emphasizes the importance of understanding current living costs and potential future costs in different areas to make an informed decision that allows retirees to maintain their lifestyle while potentially stretching their retirement savings further. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #retire
Should You Relocate for Retirement ? | On The Money
While conventional financial wisdom suggests a specific order for account withdrawals, Willis emphasizes that the focus should be on long-term tax liabilities. IRAs, being 100% taxable upon withdrawal, can cause significant tax burdens, especially with mandated distributions starting around age 72. He underscores the benefits of diversifying retirement savings into various accounts such as Roth IRAs, broker accounts, and savings accounts, allowing retirees to have more control over their tax situations. By managing the composition of accounts and leveraging these various types for income, retirees can avoid higher tax brackets and ensure more of their hard-earned money goes to their intended beneficiaries and less to taxes. He further encourages viewers to start diversifying their savings well before retirement and to always take advantage of company matches in 401(k) plans. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #retire
Which Retirement Accounts Should You Withdraw From First ? | On The Money
In the video Ryan emphasizes the importance of entering retirement without specific financial burdens. The six things individuals should aim to clear before retirement include credit card debt, student loan debt (especially those taken on behalf of children), expenses related to children's college education and their overall financial support, upcoming wedding expenses, setting up a vacation fund for early retirement years, and paying off mortgages. Additionally, Ryan suggests avoiding acquiring new debt in retirement, such as for new recreational "toys" or home improvements. Instead, one should consider financing these in the last few years before retirement to avoid tax penalties or taking out loans during retirement. He stresses that managing these financial responsibilities helps ensure a more relaxed and enjoyable retirement. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #retire
6 Things you Must Pay Off Before Retirement | On The Money
In this video several compelling reasons are presented for delaying Social Security benefits until the age of 70. Key points include the benefit of an approximately 8% annual growth rate in the deferred benefits, which is virtually guaranteed. For those with significant retirement savings in tax-deferred accounts like IRAs and 401ks, delaying Social Security can help avoid higher taxation when executing a Roth IRA conversion strategy. Additionally, individuals with substantial tax-free dividend income could jeopardize this tax benefit by activating their Social Security benefits early. Other considerations are for those with younger spouses, as delaying can maximize the survivor benefits, and the notion that continuing to work while receiving Social Security can result in unnecessary taxation. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #socialsecurity #socialsecuritybenefits #retirement
Why you Should wait until 70 to File Social Security ? | On The Money
When changing jobs, many individuals often overlook one of their most significant assets, the 401k. Ryan, discusses the options available for those transitioning between jobs. Firstly, individuals can choose to leave their 401k with their previous employer, but it's essential to continue managing and monitoring it. Another option is taking a full cash taxable distribution, which may be suitable for smaller balances or if the funds are needed for specific purposes, though this can entail hefty taxes. Alternatively, one can roll over the 401k into the new employer's plan, but this might restrict investment choices. A more flexible choice is a tax-free rollover to an IRA, which offers a broader range of investment opportunities. Costs, administration fees, and other considerations should influence the decision. Another option is converting the 401k to a Roth IRA, although tax implications need consideration. Ryan emphasizes the importance of proactively managing your 401k, especially when accumulating multiple plans across different jobs. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #401k
What to do with your 401k when you Change Jobs ? | On The Money
In this video Ryan discusses several crucial strategies concerning the management of a 401k retirement plan were discussed to guide retirees on navigating their financial path post-retirement. Ryan delineated numerous options that retirees have, including taking a cash taxable distribution, which is not recommended due to its substantial tax implications and potential to significantly diminish future income. Another option entails leaving the money in the existing 401k plan, which might be sensible under certain conditions, especially for individuals retiring around age 55 due to the advantageous age 55 Rule that negates the 10% IRS early withdrawal penalty. A third viable strategy involves executing a tax-free rollover to an Individual Retirement Account (IRA), providing broader investment possibilities and increased financial flexibility. Moreover, conversion to a Roth IRA and managing Net Unrealized Appreciation (NUA), particularly for those with abundant company stock in their 401k, were discussed as strategies to enhance tax efficiency and financial management in retirement. Ryan emphasizes considering the particular circumstances, tax implications, and potential benefits while opting for any of the strategies, advocating for a thorough understanding of each to secure a financially stable retirement. 🛑 SUBSCRIBE: https://bit.ly/3ZUcpbG ☎️ CALL US TODAY TO OBTAIN YOUR NO-COST FINANCIAL FLIGHT PLAN: 844-944-7555 🔵 ABOUT US Welcome to the On the Money YouTube channel powered by Allied Wealth. It is our goal to release videos each week to teach you about social security, Medicare, tax strategies, investing, how to manage your 401k, managed portfolios, pensions, annuities, life insurance, risk tolerance and capacity, creating a retirement paycheck and getting the most out of the retirement resources you have. If you would like to learn more about how we add value to what you are hoping to accomplish whether thinking about retirement or in retirement or want to evaluate how well the financial path you are currently on is going visit us at www.alliedwealth.com and click on the On the Money button to schedule a free strategy session with zero obligation. You can also reach us by calling 281-444-7555. We are here to serve regardless of where you live. All content is not to be received as advice and each individual should consult with their dedicated financial planner, tax preparer, estate attorney, etc. before making any financial decisions. Public comments on videos are not controlled or reviewed by One the Money or Allied Wealth and do not reflect the views of On the Money or Allied Wealth. On the Money or Allied Wealth may delete comments which contain vulgarity, threats, spam, scams, or other harmful content. Comments are read at the viewer's own risk. Viewers should be wary of fake posts, scams, or other harmful content. 👉 Join the On the Money radio show by tuning into News Radio 740KTRH Sundays at 1 P.M. 🟥 Click here for our privacy policy https://alliedwealth.com/wp-content/uploads/2018/07/Allied-Wealth-Privacy-Notice.pdf 👉 For our form CRS Chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://reports.adviserinfo.sec.gov/crs/crs_144351.pdf #retirement #retirementplanning #401k
What to do with your 401k When you Retire ? | On The Money
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