ilmscore | 7 Steps To Invest Like The 1%

7 Steps To Invest Like The 1%

Published: 2021-11-23
Status: Available | Analyzed

Predictions from this Video

Total: 8
Correct: 0
Incorrect: 0
Pending: 8
Unrated: 0
Prediction
Topic
Status
The 401k contribution limit will increase from $19,500 in 2021 to $20,500 in 2022.
"the current 401k limit is 19 500 for 2021 but that's moving up to 20 500 for the year 2022"
401k Contribution Limit
Pending
The Roth IRA annual contribution limit is $6,000, with an additional $1,000 for those over 50.
"a roth ira has a limit of six thousand dollars per year or seven thousand dollars per year if you're over the age of 50."
Roth IRA Contribution Limit
Pending
The annual contribution limit for a Health Savings Account (HSA) is $3,600.
"the hsa has a yearly contribution limit of 3 600"
Health Savings Account (HSA) Contribution Limit
Pending
Funds with an expense ratio of 0.5% or higher, especially those at 1%, are considered too expensive.
"i would stay away from funds that had an expense ratio of half a percent per year a lot of them are one percent which is insanely expensive"
Investment Expense Ratio
Pending
The 401k contribution limit will increase from $19,500 in 2021 to $20,500 in 2022.
"now the current 401k limit is 19 500 for 2021 but that's moving up to 20 500 for the year 2022"
401k Contribution Limit
Pending
The Roth IRA annual contribution limit is $6,000 for individuals under 50 and $7,000 for individuals over 50.
"now a roth ira has a limit of six thousand dollars per year or seven thousand dollars per year if you're over the age of 50."
Roth IRA Contribution Limit
Pending
The annual contribution limit for a Health Savings Account (HSA) is $3,600.
"the hsa has a yearly contribution limit of 3 600"
HSA Contribution Limit
Pending
Funds with an expense ratio of 0.5% or higher, especially those at 1%, should be avoided in 401k investments due to high costs.
"personally i would stay away from funds that had an expense ratio of half a percent per year a lot of them are one percent which is insanely expensive"
Traditional 401k Investment Strategy
Pending