05: Turn $50k into $3 Million with SEP-IRAs
An episode of the Invest Like a Boss podcast, hosted by Sam Marks Johnny FD Derek Spartz, titled "05: Turn $50k into $3 Million with SEP-IRAs" was published on June 13, 2016 and runs 64 minutes.
June 13, 2016 ·64m · Invest Like a Boss
Summary
David Steiner reaches out to Johnny FD about his recent $60k windfall after selling his dropshipping store last month. David as over 22 years of experience in a wide variety of business and information technology environments including over 17 years of SAP, 15 years of SAP Business Warehouse and 3 years of BusinessObjects. In this episode we talk about how to safety plan a retirement portfolio over a 15-20 year period to produce maximum profit. Contact David – LinkedIn Roth IRA Potential Return – IRS Government Gift Tax Issues – IRS Government SEP Plan FAQ’s – IRS Government Vanguard Predictions – Spreadsheet Time Stamp Topic (00:03:30) Obama’s “MY IRA” Plan (00:06:00) Paying Taxes on a $60k Paycheck (00:11:40) David’s Qualifications and Expertise (00:14:35) Moore’s Law with Small Companies (00:16:45) Sector Funds with Vanguard (00:18:00) S&P 500 and Total Stock Market Index (00:21:00) Small Company Index Mutual Funds over 30 Years (00:24:30) Equity and Keeping Expenses Low (00:25:30) When the Market Drops over 5% (00:27:45) Big Risks in Energy Market Funds (00:29:10) Fifteen Year Retirement Plan (00:30:00) College Financing Options (00:31:52) Obama Care – Healthcare Savings (00:37:50) Up to $54K in a Tax Deferred Investment (00:42:00) Roth and Traditional IRA’s Options (00:47:00) SEP Withdrawal Fee’s (00:51:00) Turn $50k into $3 Million (00:58:00) Certified Financial Planners for Professional Advice (00:59:00) Real-estate and Sector Funds with Vanguard If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here! Copyright 2016. All rights reserved. Read our disclaimer here.
Episode Description
David Steiner reaches out to Johnny FD about his recent $60k windfall after selling his dropshipping store last month. David as over 22 years of experience in a wide variety of business and information technology environments including over 17 years of SAP, 15 years of SAP Business Warehouse and 3 years of BusinessObjects. In this episode we talk about how to safety plan a retirement portfolio over a 15-20 year period to produce maximum profit.
Contact David – LinkedIn
Roth IRA Potential Return – IRS Government
Gift Tax Issues – IRS Government
SEP Plan FAQ’s – IRS Government
Vanguard Predictions – Spreadsheet
Time Stamp Topic
(00:03:30) Obama’s “MY IRA” Plan
(00:06:00) Paying Taxes on a $60k Paycheck
(00:11:40) David’s Qualifications and Expertise
(00:14:35) Moore’s Law with Small Companies
(00:16:45) Sector Funds with Vanguard
(00:18:00) S&P 500 and Total Stock Market Index
(00:21:00) Small Company Index Mutual Funds over 30 Years
(00:24:30) Equity and Keeping Expenses Low
(00:25:30) When the Market Drops over 5%
(00:27:45) Big Risks in Energy Market Funds
(00:29:10) Fifteen Year Retirement Plan
(00:30:00) College Financing Options
(00:31:52) Obama Care – Healthcare Savings
(00:37:50) Up to $54K in a Tax Deferred Investment
(00:42:00) Roth and Traditional IRA’s Options
(00:47:00) SEP Withdrawal Fee’s
(00:51:00) Turn $50k into $3 Million
(00:58:00) Certified Financial Planners for Professional Advice
(00:59:00) Real-estate and Sector Funds with Vanguard
If you enjoyed this episode, do us a favor and share it! Also if you haven’t’ already, please take a minute to leave us a 5 star review on iTunes and claim your bonus here!
Copyright 2016. All rights reserved. Read our disclaimer here.
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