The Smartest and Easiest Way to Retire a Millionaire (Step-By-Step)

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In this episode, I opened a retirement account live on camera, and by the end of this it you'll know more than 99% of your friends about investing.

Ready to retire a millionaire? Let's dig in.

(Please don't ignore this if you're young. I promise you'll thank us when you're nicely aged.)

Shimon Willig's contact info: Shimon.Willig@mwminvest.com

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CHAPTERS:

00:00 Intro

01:15 Who Is Shimon Willig?

02:35 The Role of a Financial Advisor

12:19 How These Firms Make Money

14:58 Helping People Open an IRA

17:16 High-Quality Clothes from Twillory

18:17 BitBean: Industry Leader in Software Development

19:33 Getting Started with Opening an IRA

27:25 The Benefits of a Roth IRA

29:46 Which Account to Open...

33:45 Qualifying (Early) Withdrawals

34:31 The Costs of Opening a Roth IRA and How Companies Make Money

36:35 What You Need to Open a Roth IRA

36:50 Choosing IRA Beneficiaries

43:06 Conversations with Parents About $$$

46:44 Owning a Home in Miami Lakes, Florida

48:12 Colel Chabad: Feeding Hundreds of Families

49:23 Providing Personal Information and Authenticating Your Account

52:57 Adding a Trusted Contact

53:56 Adding Beneficiaries and Dividing Assets

56:30 Adding Employment Information

57:20 The Importance of Paper Documents

58:15 Adding Trading Features

59:39 Reviewing Your Information

59:58 Reading and Agreeing to the Boring Stuff

1:03:11 Adding Funds to Your Account

1:04:54 Naming Your Accounts

1:06:21 Setting Up Your Transfer

1:07:44 Opening an Individual Brokerage Account

1:11:28 Choosing a Retirement Age

1:13:24 Tips on Investments and Assets

1:17:34 What Is an Expense Ratio?

1:19:26 Creating an Account for a Minor

1:23:54 Automating Your Accounts

1:26:12 VOO vs. SPY Expense Ratios

1:28:10 What Is a Cowboy Account?

1:30:45 The Importance of Life Insurance

1:31:21 Project120's Mission

1:35:09 Outro

• GET LIFE INSURANCE! ⟶ Project 120's site: https://www.theproject120.com/

• GET A WILL! ⟶ • Why Millions Lose Their Money When They Di...

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⚠️ Reminder: This episode or description is not financial advice. Always do your own research.

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