Learn how to become a 401(k) millionaire with just 3 simple steps! In this video, we break down the key strategies and tips to help you reach your financial goals and build a substantial retirement fund. Watch now to discover the path to achieving 401(k) millionaire status and secure your financial future!

Chapters:
0:00 Introduction, How Millionaires Are Made
0:25 Chapter 1: Who is a 401(k) Millionaire?
1:11 Chapter 2: Step 1- Start Early & Contribute Consistently
1:53 Chapter 3: Buffy Summers Scenario
2:30 Chapter 4: Buffy Savings Age Scenario
5:26 Chapter 5: Step 2- Maximize Contributions
6:12 Chapter 6: Buffy Savings Rate Scenario
8:28 Chapter 7: Step 3- Invest the Monies
8:49 Chapter 8: Buffy Investment Rate Scenario
11:06 Chapter 9: Summary
11:49 Chapter 10: Conclusion

Remember, Financial Freedom is found through Discipline 👏

🗓️ Schedule a FREE Initial Consultation:
https://calendly.com/chisholmjenny/initial-consultation


Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright © 2024 Chisholm Financial Planning & Investments

Are you under the impression that life insurance is a smart investment for your financial future? Think again! In this live, I'll explain four reasons why it is absolutely not an investment and should not be treated as such. Watch now to learn the truth about life insurance and why it's important to understand its true purpose. Watch this video before you buy permanent life insurance and avoid making a costly mistake!

Remember, Financial Freedom is found through Discipline 👏

🚀 Join My FREE Retirement Planning Basics Course: https://bit.ly/chisholmretirementcourse
🗓️ Schedule a FREE Initial Consultation: https://bit.ly/chisholmfinancialschedule

✅ Subscribe! : https://www.youtube.com/@chisholmfinancial
✅ My Instagram : https://bit.ly/JennysInsta
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#financialeducation #insuranceagent #retirementplanning #lifeinsurance

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright 2024 Chisholm Financial Planning & Investments

For anyone with a pension, understanding your plan's various facets is imperative to successfully planning your retirement. In this video I explain pensions and their significance in retirement planning, highlighting three essential considerations for pension holders as they prepare for retirement: liquidity, taxes, and the Social Security Windfall Elimination Provision.

#retirementplanning #pension

Remember, Financial Freedom is found through Discipline 👏

🗓️ Schedule a FREE Initial Consultation: https://bit.ly/chisholmfinancialschedule

✅ Subscribe! : https://www.youtube.com/@chisholmfinancial
✅ My Substack : https://bit.ly/ChisholmSubstack
✅ My Twitter : https://bit.ly/ChisholmTwitter
✅ My Instagram : https://bit.ly/JennysInsta

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright © 2024 Chisholm Financial Planning & Investments

Is $1 million enough to retire on? While it might seem like a substantial amount, rising living costs could mean it's not sufficient for your retirement needs!

In this video, I discuss 7 key factors that impact your retirement plan: retirement age, life expectancy, lifestyle, income expectations, healthcare expenses, inflation, and investment returns.

I then present a scenario considering all 7 factors to determine if $1 million can support our fictional retiree through retirement. Plus, I'll guide you on how to replicate this analysis for your own situation!

Remember, Financial Freedom is found through Discipline 👏

🚀 Join My FREE Retirement Planning Basics Course: https://bit.ly/chisholmretirementcourse
🗓️ Schedule a FREE Initial Consultation: https://bit.ly/chisholmfinancialschedule

✅ Subscribe! : https://www.youtube.com/@chisholmfinancial
✅ My Substack : https://bit.ly/ChisholmSubstack
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✅ My Instagram : https://bit.ly/JennysInsta

Timestamps:
00:00 - Intro
00:36 - The 7 factors that affect your retirement plan
01:00 - How age affects your retirement plan
02:16 - How longevity affects your retirement plan
03:46 - How lifestyle affects your retirement planning
05:38 - How expected income affects your retirement planning
06:28 - How healthcare costs affect your retirement plan
08:31 - How inflation affects your retirement plan
10:18 - How investment returns affect your retirement plan
11:56 - Is $1 million enough for you to retire?

#retirementplanning #retireearly #personalfinance

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright © 2024 Chisholm Financial Planning & Investments

If you’ve ever wondered if a Roth conversion is something you should do, this episode will give you a real scenario to think about! This week I will walk through a real-life scenario of what a Roth conversion looks like. We will discuss how a Roth conversion is done and explain how to compare the tax benefits in retirement with any taxes you will need to pay if you convert your IRA or 401(k) to Roth money.

Remember, Financial Freedom is found through Discipline

Access Financial Freedom Resources: https://bit.ly/chisholmsubscribe
Join My FREE Retirement Planning Basics Course: https://bit.ly/chisholmretirementbasics
️ Schedule a FREE Initial Consultation! : https://bit.ly/chisholmfinancialschedule

Subscribe! : https://www.youtube.com/@chisholmfinancial
My Instagram : https://bit.ly/JennysInsta
My Twitter : https://bit.ly/ChisholmTwitter
My Substack : https://bit.ly/ChisholmSubstack

Timestamps:
04:53 – Stream starts
06:20 – What is a Roth conversion?
08:11 – The benefits of Roth conversions
11:25 – Cons to Roth conversions
12:32 – Roth planning scenario
14:33 – Establishing a baseline with a traditional IRA
15:56 – Scenario with a 5 year Roth conversion
19:07 – Changing the Roth conversion timeline
21:15 – Roth questions you should be asking yourself
22:14 – Question about scenario planning with increasing tax rates

#retirementplanning #rothira #rothconversion

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright 2024 Chisholm Financial Planning & Investments

Dave Ramsey has been trending online for suggesting an 8% retirement withdrawal rate in retirement. Is he right? What is the best withdrawal rate for retirement? Stay tuned for the answer!

In this video, I cover retirement rate of withdrawals in depth and provide 5 factors that will influence your decision making. I also analyze the most common rules of thumb along with Dave Ramsey's recent suggestion and explain when you might be inclined to take a higher withdrawal and when you would want to follow a more conservative approach.

Remember, Financial Freedom is found through Discipline 👏

💸 Access Financial Freedom Resources: https://bit.ly/chisholmsubscribe
🚀 Join My FREE Retirement Planning Basics Course: https://bit.ly/chisholmretirementbasics
🗓️ Schedule a FREE Initial Consultation! : https://bit.ly/chisholmfinancialschedule

✅ Subscribe! : https://www.youtube.com/@chisholmfinancial
✅ My Instagram : https://bit.ly/JennysInsta
✅ My Twitter : https://bit.ly/ChisholmTwitter
✅ My Substack : https://bit.ly/ChisholmSubstack

Timestamps:

00:22 - What does the term rate of withdrawal mean
01:39 - The 4% withdrawal rule
02:33 - The 5% withdrawal rule
03:38 - Dave Ramsey's 8% withdrawal rule
04:24 - The 5 factors that will affect your withdrawal rate planning
05:04 - Life expectancy
06:13 - Expected investment returns
07:38 - Dave Ramsey's 12% expected returns rate
08:35 - Inflation
09:41 - Other sources of income
10:21 - Planning for the unexpected
11:30 - What is the best rate of withdrawal?

#retirementplanning

Chisholm Financial Planning & Investments is owned by Jenny Logan and is a registered investment advisory firm regulated by the Securities & Exchange Commission in accordance and compliance with US securities laws and regulations. Chisholm Financial Planning & Investments does not render, or offer to render, personalized investment or tax advice through any videos or other content on any social media platform to include YouTube. The information provided in these videos is provided without compensation and for informational and educational purposes only and does not constitute financial, tax, investment, or legal advice.

Copyright © 2023 Chisholm Financial Planning & Investments