ilmscore | How to Get Wealthy By Age: 20s, 30s, 40s, 50s & 60s+

How to Get Wealthy By Age: 20s, 30s, 40s, 50s & 60s+

Published: 2024-05-02
Status: Available | Analyzed

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
Starting a Roth IRA in your 20s will maximize wealth compounding by retirement.
"if you start one in your 20s you're going to give yourself the most time to compound that wealth"
Retirement Savings
Pending
Utilizing Roth retirement accounts will shelter you from future taxes.
"in the future that's Sheltering yourself from future taxes which I would argue is just as good as well"
Tax Planning
Pending
If you follow the 4% rule with a 50% stocks and 50% bonds portfolio, you will not run out of money in retirement, even during severe market downturns.
"as long as your portfolio is evenly split between 50% stocks and 50% bonds even in the worst stretches of the stock market history you will not run out of money in retirement if you are"
Retirement Planning
Pending
Investing $5,000 per year into index funds (S&P 500 or VTI) is predicted to result in a portfolio worth over $1,000,000 by retirement due to compound returns.
"if you were to invest about $5,000 per year into these index funds by the time you retire with compound returns your money could well be worth over seven figures"
Retirement Savings
Pending
Individuals who start saving 25% of their income in their 40s are predicted to still achieve financial freedom or retirement freedom by age 65 or 66.
"even in your 40s if you save 25% of your income you can still hit retirement Freedom or Financial Freedom by the time you're 65 or 66"
Financial Freedom
Pending