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37 comments
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I never knew i had to protect my PP
There are people out there that cannot contribute to IRA or Roth IRA Accounts. There are income limits on both.
The index fund is AVGW btw
I think HSA should move ahead of IRA. If done right once you build up medical expenses your HSA could replace your emergency fund. Then that allows you to put your emergency fund toward a goal like downpayment on house or just a higher investment risk.
U drew a peenuz…😅😅😅😅😅😂😂😂
I don't agree with waiting until the 401K is maxed to open a brokerage account. That money is locked up until 60. You need to build wealth for your pre-retirement years too. Honestly imo, maxing your IRA and HSA alone (zero 401K contributions) puts you in a decent spot for starting a brokerage account. Obviously grab the 401K employer match if one exists though.
I like the fsa more than the hsa
As far as retirement, HSA should DEFINITELY be the highest priority aside from whatever gets you the company match.
lol I can't make it past cash and debt, lol. I am breaking the surface of water for the first time ever actually owning my cars and such but keeping everything going is too much. I am working on sacrificing where I can and always looking for that extra hustle to increase my $ intake.
Roth IRA increased to 7500 for 2026 that’s about 145 dollars a week. Take advantage of the increase if you can.
If you keep all your money in your 401K and you are above the income where you can can directly invest in a Roth . You can still do a backdoor door Roth and not pay any tax due to the proportionality rule. Having too much in tax deferred account you can run into the buzz saw of RMD'S
I want a massage PP
Sounds a lot like Dave Ramsey
20% of working Americans have an HSA, and that is likely tied to 39% of corporate jobs stopped offering insurance and instead offer a managed HSA. So, your investing your own money to pay medical bills your insurance used too…sticking it to the workers again. And you will need it, it will not be a retirement account, the odd of a major medical issue is 100% with everyone at some point up until death. It happens, so pay out the nose until you die to realize the HSA had nothing left in it, or just have a great insurance program and invest in the other functional processes, not the new cool toy…
In order to have an HSA that qualifies, you need to be prepared to have a deductible of 1700 and out of pocket of 8.5k that's just insane for family coverage its double that, I have a premium plan that costs 100 a month for full family coverage and my kid was a premature, that spent three months in the nick u and I did not pay a penny…that 1200 a year saved me millions…if I had qualified for an HSA….I would be broke, and in piles of medical debt. This is why the government makes them so sweet to have, because its great if you never need insurance, because when you actually need that money…the bills are all on you, because those one time deductibles sure stack up quick…and your 50k you thought was golden money ends up empty and the bills keep coming.
Be careful with 0% interest deals. Sometimes they have a stipulation that if you don't pay it off by the time the promotional period is up, you interest owe retroactively.
"My massive PP-which I have" 😂😂😂
I love your videos because I learn nuances on things that I thought I knew completely. TIL you can reimburse yourself from your HSA whenever you want!
One comment/question as you didn’t mention it. Isn’t it better to mega back door IRA (if your plan allows) than taxable brokerage account?
The problem with HSA now is that the premium for the HDHP is nearly identical to a traditional PPO. Sad.
Great advice, thanks for sharing!
I’ve been watching/listening to financial videos/podcasts for about 6-9 months. THIS video cleared up SOOO much I was still confused on.
I have a massive PP too
Smart guy
Do you wear that t-shirt outside?
Keep it up that's a very educational video
On the traditional vs Roth the HSA wins everytime.
What is sgov
Can you do a Canada version 🙏🏼
In your course, do you help individuals set up all of this stuff and work through it?
Trying to pay off credit card debt and build up an emergency fund. Investing will come later, just have to learn to be patient. 😅
Since I was a little boy I realized taxes would keep my PP smallish😢
I think it’s worth mentioning that there are income limits for Roth IRAs, but that there is also a back door method.
Most guys should stop blowing money on "cool stuff" and go to a financial advisor. The first mistake a young person usually (makes in my area)>as soon as they get the job at McDonald's they go into debt to buy a new car. That's money down a rat hole.
I understand the match, but I don't understand why I'd max out my 401k instead of investing in my taxable brokerage account. I can pick better index funds and have access to the money now. I hate that the money in your 401k, Roth IRA and HSA are all locked behind retirement. Yeah, there are taxes, but the liquid cash from your taxable brokerage account is amazing flexibility.
I think I've seen 3 vids of yours. I just subscribed now. Keep up the good work man!
Here we go. Look at those scambots