Secret Investing Strategies of the 1% (That Even YOU Can Do)

We always hear about the “Top 1%.” But what actually is that? Who falls into that? And what are they doing differently with their money? We are going to lay out the premium strategies that you can apply to your own financial journey - and when it might be a good fit for you.

Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.

[JamesLyons]

One of these days, Bo isn't going to be "so excited", and it's going to be epic.

[heatherdowning]

Probably one of the BEST episodes you've ever done. Bravo.

[knowen]

Thank you for going into the weeds on this one. Even if people don't watch it as much, it is super valuable to anyone who is contemplating these strategies.

[Villhelm]

Holy crap - I've read about, spoken with advisors about, and even avoided triggering the pro rata rule personally, but never fully understood it. Thank y'all for explaining it so clearly. It finally clicked!

[CGorman]

What’s going on with the obvious spammers in these comments?

[brandiharris]

Wow!!! Best, most helpful video! Thank you!!!

[scottmcfeters]

Got my copy of Millionaire Mission this week! Looking forward to reading it!

[peternguyen]

Thank you so much for this video! My wife has been really nervous about Backdoor but I’m confident this video will help me convince ber

[ShaneHaney-rcze]

Y’all are awesome! Thanks so much for all this information!!

[mikebarnes]

Definitely watch the Form 8606 if you are doing backdoor IRA - even if you use a tax preparer. As a tax pro I can say that you really have to mess with the software to get the 8606 to come out correctly. Less experienced preparers may just enter in the Forms 1099-R and end up with the $7K as fully taxable income. (FYI - I have done amended returns for this issue.)

[hockeyhalod]

Back door roth terrifies me, but this helped a lot. I have to prepare to utilize it starting next year. (as long as our household raises go up the same as this year.)

[jirehguy]

I personally love having a limited FHSA + HSA. It’s for the reason Brian mentioned plus using the limited FHSA allows me to use pretax dollars to pay for dental and vision expenses without having to touch my invested assents in my HSA or paying out of pocket.

[Jl-]

At 19:10 you don’t need to move the earnings of the after-tax contribution to a Trad IRA. You can just rollover the contribution and earnings to the Roth and then you will have to pay taxes only on the earnings. That is why it is best to do the rollover to the Roth ASAP after you make the after-tax contribution to avoid accruing any earnings. Alternatively, you can do the after-tax contributions to a stable fund within the 401k so that it does not have gains before you rollover to the Roth but this is not necessary if you can roll it over immediately after the contribution. This avoids having to put the earnings in a Trad IRA which would affect a “regular Backdoor Roth contribution” due to he pro-rata rule. Note that this pro-rata rule from having a Trad IRA does not affect monies that are rolled over from a 401k as is the case for the Mega Backdoor IRA strategy.

[dragoncat]

Thank you for that bit about the year end distributions, I was thankfully in the ETF versions when Vanguard did their big distributions but this explanation was fantastic. I'm to the point where the year end distros are becoming annoying even with ETFs so this was very helpful. Can we get more of the advanced stuff like this please and ty? I'm assuming I can use this strategy by tax lot on just the more recent stuff since most of my holdings have larger gains at this point, but still every little helps.

[V.stones]

Great video, It seems like if you don't have access to the same information or strategies, your portfolio could really suffer.

[spencerl-yfbg]

Are VOO (S&P500 ETF) and VTI (total market ETF) considered "substantially similar" according to the wash sale rule?

[nikkihenderson]

What would you recommend for a couple mid to late 30's trying to play catch up for retirement? We have roth ira's that we are on track to fully fund this year, and company match 401k, but this wont be enough. What other investment pathways can we look into?

[jgreig]

so, If you do have an IRA from a previous 401k rollover, what do you do to make backdoor roths possible?

[dandtolastdon]

How does the Money Guy team feel about the fact that much of the stock market is arguably overheated with record high P/E ratios on the S&P 500? Companies like Vanguard have reduced their long-term rate of equity returns to the 6%s, so are 8-10% returns still reasonable long-term equity return assumptions?

[nathanwalter]

It would be oh so helpful if you guys could cover retirement savings for entrepreneurs in one of your episodes.