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المحتوى المقدم من EYL Network. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة EYL Network أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.
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Retire Rich: The Ultimate Guide to IRAs, 401(k)s, & HSAs!

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Manage episode 462528323 series 2480830
المحتوى المقدم من EYL Network. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة EYL Network أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Join us on another insightful journey with EYL Channel's where we delve deep into the financial world to bring you valuable information. In this clip, hosts Rashad Bilal and Troy Millings are joined by Chris to discuss various retirement account options, the importance of early financial planning, and tips on maximizing your contributions.

The clip starts with Rashad Bilal explaining the basics of IRAs and 401ks, focusing on Traditional and Roth IRAs, their benefits, and limitations. He highlights the significance of understanding how these retirement vehicles work and stresses the importance of making informed investment choices.

Rashad then delves into Health Savings Accounts (HSAs) - a powerful but often overlooked tool. Together with Troy, they uncover how HSAs can be utilized not only for immediate medical expenses but also as a long-term investment vehicle that can reduce taxable income and grow significantly over time.

Chris brings up the mindset shift needed to maximize allocations from an early age. The hosts emphasize the necessity of adjusting your lifestyle to accommodate higher allocation percentages, sharing personal stories to illustrate their points. They stress starting early and adjusting contributions based on life circumstances to ensure a secure financial future.

Troy provides practical advice on navigating the myriad options within retirement plans, introducing target date funds for those intimidated by the variety. He elaborates on the differences between Traditional and Roth variants, breaking down the tax implications of each and how they affect retirement savings.

Lastly, Chris and Troy touch on the importance of understanding capital gains taxes and how they impact both short-term and long-term investments. They provide crucial insights on managing profits from stock investments and underscore the necessity of staying informed about tax liabilities to avoid unwelcome surprises.

This clip is filled with actionable advice and is a must-watch for anyone looking to enhance their financial literacy and take definitive steps towards financial freedom.

*Hashtags:*

#Finance #RetirementPlanning #Investing #IRAs #401k #HSAs #FinancialLiteracy #WealthBuilding #TaxTips #EYL #RashadBilal #TroyMillings #ChrisMediumSeries

----

Dive into the world of retirement accounts, maximizing contributions, and smart investment strategies with EYL! Share your thoughts and join the discussion in the comments below. Make sure to subscribe and hit the bell icon to stay updated with our latest clips and expert advice.


Our Sponsors:
* Check out Acorns: https://acorns.com/EYL
* Check out Rocket Money: https://rocketmoney.com/EYL
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1182 حلقات

Artwork
iconمشاركة
 
Manage episode 462528323 series 2480830
المحتوى المقدم من EYL Network. يتم تحميل جميع محتويات البودكاست بما في ذلك الحلقات والرسومات وأوصاف البودكاست وتقديمها مباشرة بواسطة EYL Network أو شريك منصة البودكاست الخاص بهم. إذا كنت تعتقد أن شخصًا ما يستخدم عملك المحمي بحقوق الطبع والنشر دون إذنك، فيمكنك اتباع العملية الموضحة هنا https://ar.player.fm/legal.

Join us on another insightful journey with EYL Channel's where we delve deep into the financial world to bring you valuable information. In this clip, hosts Rashad Bilal and Troy Millings are joined by Chris to discuss various retirement account options, the importance of early financial planning, and tips on maximizing your contributions.

The clip starts with Rashad Bilal explaining the basics of IRAs and 401ks, focusing on Traditional and Roth IRAs, their benefits, and limitations. He highlights the significance of understanding how these retirement vehicles work and stresses the importance of making informed investment choices.

Rashad then delves into Health Savings Accounts (HSAs) - a powerful but often overlooked tool. Together with Troy, they uncover how HSAs can be utilized not only for immediate medical expenses but also as a long-term investment vehicle that can reduce taxable income and grow significantly over time.

Chris brings up the mindset shift needed to maximize allocations from an early age. The hosts emphasize the necessity of adjusting your lifestyle to accommodate higher allocation percentages, sharing personal stories to illustrate their points. They stress starting early and adjusting contributions based on life circumstances to ensure a secure financial future.

Troy provides practical advice on navigating the myriad options within retirement plans, introducing target date funds for those intimidated by the variety. He elaborates on the differences between Traditional and Roth variants, breaking down the tax implications of each and how they affect retirement savings.

Lastly, Chris and Troy touch on the importance of understanding capital gains taxes and how they impact both short-term and long-term investments. They provide crucial insights on managing profits from stock investments and underscore the necessity of staying informed about tax liabilities to avoid unwelcome surprises.

This clip is filled with actionable advice and is a must-watch for anyone looking to enhance their financial literacy and take definitive steps towards financial freedom.

*Hashtags:*

#Finance #RetirementPlanning #Investing #IRAs #401k #HSAs #FinancialLiteracy #WealthBuilding #TaxTips #EYL #RashadBilal #TroyMillings #ChrisMediumSeries

----

Dive into the world of retirement accounts, maximizing contributions, and smart investment strategies with EYL! Share your thoughts and join the discussion in the comments below. Make sure to subscribe and hit the bell icon to stay updated with our latest clips and expert advice.


Our Sponsors:
* Check out Acorns: https://acorns.com/EYL
* Check out Rocket Money: https://rocketmoney.com/EYL
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
  continue reading

1182 حلقات

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