It’s time we talk about retirement in plain English.
Saving for retirement in the United States is confusing. How much do you need? What accounts can you use? What are the differences between them? Which one should come first? Should you start now or wait until you’re debt free? Did you know that you could lose up to 40% of your wealth over your lifetime, if you do not take advantage of accounts that give you a break on your taxes?
Learn it all in a few hours from a nationally recognized expert
This is a crash course that is aimed at helping beginners learn about saving for retirement, with topics such as:
- The financial habits you need to successfully save for retirement
- When to start saving for retirement if you have debt
- Where to put extra money if you have debt
- How to estimate how much you need to retire and how retirement calculators work
- How to make sure that the money you put in an account is invested
- How to balance saving for yourself vs. children
- How taxes work when investing
- Where and whom to get advice from – financial advisors vs robo advisors
- Which websites, books, and resources are legitimate to learn from
You will learn about concepts such as:
- Traditional and Roth 401(k)
- Traditional and Roth 403(b)
- Traditional and Roth 457(b)
- Traditional and Roth TSP
- Traditional and Roth IRA
- Rollover IRA
- Taxable brokerage
- Health Savings Accounts
- Spousal IRA
- 529 accounts
- Coverdell ESA
- UTMA / UGMA
- Solo 401(k)
- SEP IRA
- Wills and estate planning
- Term life insurance
- Whole life insurance
- IUL insurance
If you’re interested in FI/RE, this course introduces some more advanced topics including:
- Roth conversions
- Backdoor Roth
- Megabackdoor Roth
- Roth conversion ladder
- Rule 72(t)
- Putting all the accounts together in an optimal way, depending on your unique circumstances
What you can expect:
- The course is launched a few times a year to give you an intimate experience
- The first 60 days you will receive guided emails from Shang to make sure you are on-track
- The videos are split into 10 – 20 minute segments for on-demand watching
- You will be invited to a private Zoom to discuss questions
- After 60 days, you will be moved to the Lifetime Access group where you can watch the videos at any time and still receive email help from Shang
- The course comes with a 7 day refund policy
- All proceeds and profits from Save My Cents are donated
