In this episode I reveal my Roth IRA. We talk about retirement accounts in general and what to watch out for with 401k accounts. I talk about news with Beyond Meat, Boeing, and Elizabeth Holmes. And I answer some viewers questions.
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Email: josephcarlsonshow@gmail.com
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My Roth IRA:
DISCLAIMER:
Always do your own research when investing. The expressed opinions in this video are my own opinions and expressed purely for entertainment. I’m not a professional and this video should not be considered legal or financial advice….(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
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@36:00 great story about working hard when you're young – you do get an appreciation for the $$ earned. Builds character too. Your father did you & your siblings a great service. We need more of that today.
I'm curious to the conservative approach to the Roth IRA. Wouldn't it make more sense to be more active and aggressive focusing on growth with a Roth? The profit/growth you make in the Roth wouldn't be taxed when you withdraw them after 59.5 y.o. Would love to hear ppl's thoughts.
I don’t mind the lengthy videos at all. I feel like I learn a lot. Thank you!
This is immensely helpful. I’ve been following your channel for awhile and just deposited money into my roth IRA account for m1 finance
If I were to guess your age based off of your IRA, I would assume you are 86 years old. That being said you have the greatest content on financial knowledge; this is just one of the most defensive retirement accounts I’ve seen
How many stocks is it ok to include in a dividend portfolio? Thanks!
More long videos please, I play them before i go to sleep and review them in the morning from the last part i can remember! Cheers!
Can we use M1 Finance in Canada?
What do you think about having the exact same portfolio in your regular investing account and your roth and just investing different amounts to them? Say for example both have the exact same companies in them but your investing twice as much on the Roth. This way you dont completely loss some of the tax benefits from the Roth but also get some more accessible money that you can take out from the regular brokerage if you need it.
The AT&T 401K had both before and after tax (Roth) options. It was run by Fidelity and you could put up to 50% of your contributions to a brokerage account where you could invest in anything stocks, ETFs, Mutual Funds, anything offered by Fidelity. Their non brokerage fund options were fairly extensive.
Great video
Hey Joseph, do you still use the same Roth IRA Portfolio after COVID?
If you leave your job, roll your 401k over to a Rollover IRA — which should be with your main broker.
I have a voya 401k through my employer. I emailed customer service and they confirmed there are no fees charged by voya. The only fees are in the mutual funds I selected. My only gripe is there are only 30 funds to select.
Any chance you'll do an update on your Roth IRA and maybe give recommendations on what you'd invest in if you were to start your portfolio today? I took your suggestion on SCHD over SPHD in my own portfolio. Thank you for your quality vids!
What do you think of Beyond meat now?
Joseph I love your videos! very informative and educational. Im 47 and just started my Roth IRA on M1 Finance (I know im late to the game) – My Roth IRA contains 4 slices: VYM, SCHD, VYMI and VNQ; since im starting soo late and due to my age, what do you think of this allocation?
Would be interested to see how your IRA has done with the huge falls in the market in 2020.
I'm 19 and that's some great ass advice dude… I was wondering how I was going to juggle college with personal interests and hobbies but sometimes you just gotta really sit there and prioritize thank you for the great advice
I take advantage of my Employers 401k but as a city agency they do not offer a match. Should I focus more on my Roth IRA since there isnt a match?
Hello Joseph Carlson, Thank you very much for the great information. I am an Ex-IBM employee and still have around $15K in the 401K the broker is Fidelity, should I take the money out, pay penalties and use that to invest now in a Roth IRA instead? I appreciate your thoughts. Thanks again!
Hey Joseph. I would really love to see a update on your Roth IRA each year.
Love the examples of failed IPOs at the end. I made money off the BYND bubble last year but what it taught me was just how much I don't know about how to evaluate stocks. Eye-opening experience.
What about a Roth 401k?
Hi Joseph, I'm thinking about rolling my Roth over today. Would you still recommend the same holdings given the current volatility of the market?
I try to focus on 3 things for my roth ira.
1. Growth
2. High dividend
3. Real estate
The tax benefits for high growth and dividends help because you are saving money on something that is normally taxed
Can you rebalance your Roth as many times as you want, I was thinking of investing in high risk stocks n I’d rebalance them sometimes soon.
really nice i'm looking into doing the exact same thing
I work for the Federal Government and their "401k" is called the TSP (Thrift Savings Plan). Any knowledge/advice on the TSP, Joe?
What do you think about VOO ?
If you do the 401k make sure you opt out of managed funds, and do it yourself. It will save a lot of fees.
Is anyone surprised that Elizabeth Holmes father is Christian Holmes Vice President of Enron…
what are your credentials and educational background to be discussing finance at this level?
I like the video length. Lots of great information
Who cares about your videos length?
You go to the point and get it done! Save us all your ravish! Why you have to waste a lot of words that have ZERO MEANING???
You make good videos but we all enjoy the content not your personal things you want views keep that in mind! You want us to see the video not listening a bunch of things that dont mean much to us we like your content not you! Thanks for your good input