05: Turn $50k into $3 Million with SEP-IRAs

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.