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283: Don't Save For Retirement with Daniel Ameduri

283: Don't Save For Retirement with Daniel Ameduri

FromGet Rich Education


283: Don't Save For Retirement with Daniel Ameduri

FromGet Rich Education

ratings:
Length:
37 minutes
Released:
Mar 9, 2020
Format:
Podcast episode

Description

You’ll struggle unnecessarily in life if you “maximize” conventional retirement plans. How can this be? Historically, rather than deferring your income into the future with a 401(k), 403(b), 457 Plan, TSP, IRA … … you could invest in a real, cash-flowing asset that improves your life BOTH now and later. I make a case that a “dollar per dollar” employer match in your 401(k) could be worth it. But only up to that level. Today’s guest, Daniel Ameduri, author of “Don’t Save For Retirement”, discusses this with me. Future federal income tax rates will likely be higher. That’s one risk of deferring your tax. The biggest risk of conventional retirement saving is that you sell your todays for tomorrows. Would deferring your compensation ever “pay off” for you? Children & money tips are also discussed. The top role of most financial advisors? To keep the naive person from losing all of their money. In retirement, many retirees pay their financial advisors 25% to 50% of what the retiree withdraws! I explain. Summary: Don’t invest your income for savings; invest your income for more durable income. __________________ Resources mentioned: Future Money Trends: www.FutureMoneyTrends.com/save Mortgage Loans: RidgeLendingGroup.com QRPs: text “QRP” in ALL CAPS to 72000 or: TotalControlFinancial.com New Construction Turnkey Property: NewConstructionTurnkey.com Find Properties: GREturnkey.com Best Financial Education: GetRichEducation.com Follow us on Instagram: @getricheducation  
Released:
Mar 9, 2020
Format:
Podcast episode

Titles in the series (100)

This show has created more financial freedom for busy people like you than nearly any show in the world. Wealthy people's money either starts out or ends up in real estate. But you can't lose your time. Without being a landlord or flipper, you learn about strategic passive real estate investing to create wealth for yourself. I'm Show Host Keith Weinhold. I also serve on the Forbes Real Estate Council and write for Forbes. I serve you ACTIONABLE content for cash flow on a platter. Our bottom line in real estate investing together is: “What’s your Return On Time?” Where traditional personal finance merely helps you avoid losing, you learn how to WIN. Why live below your means when you can expand your means? Since 2002, international real estate investor Keith Weinhold owns multifamily apartment buildings to single family homes to agricultural real estate. New episodes are delivered every Monday.