Invest Like A Boss Modern Investing Podcast

05: Turn $50k into $3 Million with SEP-IRAs

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Sinopsis

David Steiner reaches out to Johnny FD about his recent $60k windfall after selling his dropshipping store last month. David as over 22 years of experience in a wide variety of business and information technology environments including over 17 years of SAP, 15 years of SAP Business Warehouse and 3 years of BusinessObjects. In this episode we talk about how to safety plan a retirement portfolio over a 15-20 year period to produce maximum profit. Contact David – LinkedIn Roth IRA Potential Return – IRS Government Gift Tax Issues – IRS Government SEP Plan FAQ’s – IRS Government Vanguard Predictions – Spreadsheet Time Stamp  Topic (00:03:30)       Obama’s “MY IRA” Plan (00:06:00)       Paying Taxes on a $60k Paycheck (00:11:40)       David’s Qualifications and Expertise (00:14:35)       Moore’s Law with Small Companies (00:16:45)       Sector Funds with Vanguard (00:18:00)       S&P 500 and Total Stock Market Index (00:21:00)       Small Company Index Mutual Funds over 30 Years (00:24:30)       Equity and Kee