This video is a full step by step walk through for opening an IRA and rolling over your old 401k. I will also show you what to look for when selecting investment funds to help you get the best returns for retirement.
If you want to skip ahead to some parts check out the time stamps below:
0:00 Intro
1:34 Retirement Savings Falling Short
2:40 Registering and Logging into M1Finance
6:20 Open an IRA account
9:46 Finding Investments Funds
10:40 Comparing Investment Funds
16:15 Selecting Investment Funds
19:15 Rolling Over 401K
23:35 IRA’s I Have
24:53 Funding New IRA Monthly
26:43 Max IRA Contributions per age group
27:28 Running the numbers for retiring with over $3,800,000
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Apps I use for Investing:
💸 APP #1 I use for Active Investing:
Get 1 free stock valued between $$2 to $500
Robinhood =
💸 APP #2 I use for Active Investing:
Get 2 free stocks valued between $3 to $3,000 each
WeBull =
💵 APP I use for passive investing in my IRA:
M1Finance =
BOOKS I recommend:
The Total Money Make Over =
Rich Dad Poor Dad =
The Little Book of Common Sense Investing =
Think and Grow Rich =
BANK account with zero monthly fees, and also offers cash back rewards:
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The information presented in my videos are for entertainment purposes, and should not be taken as any legal advice. I am not a financial advisor. Keep in mind any kind of investing comes with some level of risk. In this video I am just sharing my opinions when it comes to investing. Always do your fair share of due diligence, and when in need always seek the additional advice of a licensed advisor. I am not liable for any losses you might experience.
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#m1 #ira #401k #retirement #investing #stocks #rollover #m1finance
*Should I invest into pre-tax or post-tax 401k?
*Is it better to do a Roth 401k or a Traditional 401k?
*After tax 401K and Roth 401k EXPLAINED.
*How Roth and After-tax 401 k retirement accounts differ & which one to choose?
*Becoming a Millionaire: Roth 401k vs Traditional 401K (Which one makes the MOST PROFIT)….(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
How often do you recommend to invest. Weekly, biweekly or monthly?
Thanks, so much
Your video was so helpful! It’s exactly the type of information I was looking for. I am wondering though, why choose M1 Finance over Betterment or Vanguard?
This is information that I needed!