Financial Conditioning
Simon Karmarkar delves into inspiring stories and advice on achieving financial freedom. Get actionable tips, motivational stories, and insightful discussions that will empower you to take control of your financial future and get financially conditioned.
Maximizing 401(k) Contributions, Taxable Investments, and Strategies for Financial Freedom
In episode 44 of Financial Conditioning, Simon Karmarkar explores the 2025 401(k) contribution limits and catch-up options for those aged 60-63, introducing the new retirement stool. He offers strategies to maximize contributions, build a taxable investment portfolio, and leverage compounding returns. Viewing 401(k) as retirement insurance, Simon shares insights for high-net-worth individuals and discusses income, expenses, and debt management. He delves into the Coast Financial Independence concept and stresses the importance of consulting a financial planner, all aimed at empowering your financial journey.
Key Points
- The IRS has increased the 401(k) contribution limits for 2025, providing more opportunities to save for retirement.
- Maxing out your 401(k) contributions each year is essential and can be more manageable than it seems because contributions are made with pre-tax income.
- A debt validation letter is a critical tool to ensure that any debt a collector is pursuing is legitimately yours, providing a way to dispute and verify the debt.
Chapters
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| 1:12 | |
| 2:15 | |
| 3:36 | |
| 5:36 | |
| 6:47 | |
| 8:29 | |
| 9:41 | |
| 10:10 | |
| 10:32 | |
| 11:10 | |
| 12:35 | |
| 16:24 | |
| 17:35 | |
| 18:21 | |
| 19:06 |
Transcript
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