Cam Marzi
@Invested_In_You
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Financial Planner/Owner of Rogue Advisors • I help agency owners & high earners maximize their wealth and financial clarity💸 Tweets ≠ advice
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Joined July 2022
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70% of Americans contribute to a 401k for retirement.
Yet no one understands the rules around pulling money out
Let’s change that.
Here’s the ultimate guide to 401k distributions:
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8 visuals that will change your perspective on life and money forever
(Everyone needs to see
#5
)
💡💰💵
1.
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What would you do in this situation?
Clients just received an inheritance of $350k cash
They have a mortgage at 4.8% with a balance of $327k
We ran some numbers and found they would save $269k of interest by paying off the entire mortgage today.
And it would save them the
2K
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You hear this all the time:
“I bought this home in the 80s for $100,000 and now it’s worth $1,000,000”
But you never hear this:
“I bought the S&P in the 80s for $98 per share and now it’s worth $5,700 per share”
Why is that?!?
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The fastest way to go broke is trying to be rich..
A friend of mine has made $200,000+ every year for the last 4 years and he has nothing to show for it
It wasn’t because he lived a luxurious lifestyle
Dining at the most expensive restaurants, traveling the world…
No.
He’s
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After reviewing 100’s of 401k plans for clients I’ve realized less than 10% of people are maximizing the accounts' potential
Here are the things 90% of people are most overlooking.
(If you have a 401k - bookmark this thread!)
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My client is 35 and just received a large inheritance.
After paying all debts she will have 7 figures leftover.
She’s never made more than $17/hr and always lived paycheck to paycheck.
A lot of my job in these situations has to do with proper education.
What is the most
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1/3rd of Americans have a taxable investment account
But after working as a financial planner I can confidently say it's rarely used to its full potential.
Here’s EVERYTHING you need to know to get the most out of your taxable investments:
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401k owners, listen up:
My client chose the Fidelity Freedom 2055 Fund in his 401k.
He figured it would have an appropriate amount of risk for someone 30 years from retirement
When we looked under the hood we were shocked at what we saw:
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The largest expense over my lifetime will be taxes (yours too)
I plan on minimizing that expense to the best of my ability.
This year I’ll save $22k on my tax bill using these 7 strategies:
(Steal them to save millions over your lifetime)
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My fiancé and I are getting married this week.
One of the last things we need to finalize is how we’re going to manage our finances after tying the knot.
I need your input…
Married people: how do you handle finances and spending with your spouse?
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Everyone knows about the tax advantages of Roth IRAs..
But when you’re a high earner, you can’t contribute to one.
But there is a legal loophole that allows you to contribute up to $69k into a Roth this year!
The Mega Backdoor Roth: A Thread🧵
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Some extra details for those asking:
- They are in their late 40s
- Generally pretty risk averse
- Have an additional $100k cash in the bank
- Both teachers and will have substantial pensions in retirement
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After discussing: we’ve decided not to go. If we were part of the wedding part we’d definitely think about things differently. But as guests we’ll send a nice gift and won’t feel pressured to go!
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Unpopular opinion:
Cooking at home doesn’t save you money
If you account for shopping, prep, and clean time savings is minor at best
But, I still cook at home
Why?
The real value comes from
- Controlling what foods you eat
- Spending time with family
- Building good habits
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My newest client paid 6 figures in taxes last year.
I’ll use these 13 money hacks to save him millions over his lifetime:
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Roth IRAs are a wealth building machine.
But they can be confusing.
After working with 100s of clients I've seen all of the common pitfalls
Here are the things you must know before investing in a Roth IRA:
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The amount you make is NOT the amount you’re taxed on.
If you want to learn more about how your income is taxed read this post or save it for later
Here’s the high level overview of income taxes:
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This year my client is making mid 6 figures and paying taxes at a 37% marginal tax rate.
Next year he will live off of cash and pay near $0 in taxes.
This is the strategy we’re using to take advantage of his change in income:
🧵Bookmark this for later to save on taxes🧵
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“Should we pay off our debt or invest?”
I get this question all the time.. and of course there’s no one size fits all answer (sorry Dave Ramsey)
But making the decision for yourself becomes easier when you understand this:
Paying down debt gives you a fixed return on your
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My client just lost the majority of her inheritance after a 3 year battle in probate court.
All because her parents didn’t have proper estate documents
This is your reminder - ignoring estate planning is like giving your family the middle finger from the grave!
Make sure you
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I’m in the 95th percentile of income for my age group.
But I look around and everyone I see my age has:
- Nicer shoes
- Newer cars
- Bigger houses
People love to spend money they don’t have to impress people who don’t care!
Get your priorities straight
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5 years ago, I was a med-school drop out making $22k/yr working for DoorDash
Now, my business pulls in $25k/mo
These 8 books changed my perspective on money & business forever💸
1.
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My newest client paid 6 figures in taxes last year
I’ll use these 10 money hacks to save him $500k+ over the next 5 years
🚨The IRS does NOT want you to see this🚨
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The 1% never seems to pay any tax
How?
• Trusts
• 529 Plan
• HSA Plan
• 401k Plans
• Backdoor Roth
• 1031-Exchange
• Municipal bonds
• Roth Conversions
• Tax loss harvesting
• Qualified Dividends
• Charitable contributions
Taxes = rigged for the rich
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My fiancé and I are officially getting married in August…
Cannot wait to marry my best friend and love of my life❤️
Any tips before the wedding?
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Wealth is not about money.
True wealth is about freedom.
Don’t strive for money, strive for real wealth
Here’s how:
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Every year millions of Americans inherit an IRA
But most have no idea what to do.
The new IRS rules for inheriting IRAs are here… and ignoring them could cost you thousands on your tax bill
Here’s the straightforward explanation of Beneficiary IRAs:
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My client just got a small inheritance.
Pay down the mortgage or put in a hysa?
With the mortgage at 3.25%
They wanted to open a HYSA at 4.25%..
But then we talked about tax consequences.
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Met with my accountant last week.
He mentioned BTC and NVDA within the first 15 mins..
Is this a sign of a top?
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Roth IRAs are not ONLY for retirement.
Most people know that you can withdrawal your contributions at ANY time without taxes or penalties
But what about the earnings?
Here’s 3 ways you can access the earnings before age 59.5 with no repercussions:
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Business owners:
Don’t buy things JUST for the write off
A $100 write off doesn’t save you $100 on taxes
It saves you $100 * your marginal tax rate
Even if you’re in the 37% tax bracket, $100 purchase saves you $37.
Meaning you just spent $63!
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Asset allocation💰
This is what your parents pay $20k+ a year to their advisor for, I’ll teach it to you in 3 mins:
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When did it become normal for an entry level job to require 3-5 years of experience?
Doesn’t seem right..
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The amount you make is NOT the amount you’re taxed on
If you want to learn more about how your income is taxed Read this post or Save it for later
Here’s the high level overview of income taxes:
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As a financial planner that's worked with over 100 families I can tell you with certainty wealth is not about money.
True wealth is about freedom.
Don’t strive for money, strive for REAL wealth.
Here’s how:
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If you have a high income, you need to know about the Backdoor Roth IRA
It’s simply contributing to a Trad. IRA then converting the money to a Roth IRA.
Here’s how:
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Peter Lynch was the greatest investor of all time.
He outperformed Warren Buffett by averaging a 29% return from 1977-1990.
Over those years he turned $18 million into $14 BILLION!
Here’s his exact framework👇
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I love how people on Twitter always say
“1 million is nothing these days”
…
Have you ever even gotten close to $1m??
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“This war is going to escalate, should we move our portfolio to cash?”
No.
As long as your goals and time horizon remain the same, your investments shouldn’t change.
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I need your opinion:
Our friend is having a destination wedding
The trip all together will cost $3,500 to fly to Hawaii where part of the brides family is from
We have to pay for everything.
Luckily, we have the money, but it was already going to be used on a trip we wanted
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‘Financial planning’ sounds boring but it is essential for success.
There’s a reason why 87% of millionaires have one.
Here’s everything you need to know in 5 mins:
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Everyone knows about the tax advantages of Roth IRAs..
But when you’re a high earner, you can’t contribute to one.
BUT.. there's a legal loophole that allows you to contribute up to $69k into a Roth this year
The Mega Backdoor Roth: A Thread🧵
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“You can work for money, or money can work for you”
After 5 years of managing an 8 figure investment portfolio
I finally understand what this means
This is the simple way to make money work for you:
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My fiancé was 24 with $10k in credit card debt
12 months later:
• $10k invested!
• Debt free🙌
I used these insights to catapult her growth👇
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Roth IRAs are not ONLY for retirement.
Most people know that you can withdrawal your contributions at ANY time without taxes or penalty’s
But what about the earnings?
Here’s 3 ways you can access the earnings before age 59.5 with no repercussions:
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I own a rental property.
But, I don't want to buy any more properties.
Why?
It takes time, hands on hard work.
Bottom line: it's not for me.
I would rather spend my time and hands on effort in my business
Then put the cash flow to passive assets
Do you invest in RE?
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Relevant financial education is nonexistent in schools.
Graduates don’t know how to:
- Budget
- Buy a house
- Start a business
- Use credit wisely
- Invest in the market
Can you believe they prioritized calculus over basic finance?
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$800k inheritance and put $700k into Intel stock.
$INTC is now down 28% today.
What would you tell him?
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Doing these things daily for 10 years will change your life
• Writing
• Investing
• Meditating
• Eating healthy
• Exercising daily
• Building a brand
• Engaging on Twitter
Think in terms of years, not months⏳
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11 straight-forward visuals I created to help you become better with money🧵
1. Budgeting doesn’t work?.. Reverse it!
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I love how people on Twitter always say
“1 million is nothing these days”
…
Have you ever even gotten close to $1m??
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A client of mine retired last month at 38
She never made more than $120k but she did:
• Diligently save
• Invest with a plan in mind
• Stay consistent over 20 years
This is how she did it:
And yes,
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The wealthiest people in the world pay millions to portfolio managers every year.
They know good portfolio management pays for itself tenfold.
But most people miss a few key things..
Here’s everything you need to know to be your own portfolio manager today:
🧵
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The difference between you and a million ISN'T the $7 macchiato
It's the
• $1000 car payment
• 22%+ CC debt
• Expensive condo
Understand your cash flow, live below your means.
Stop stressing over each dollar spent!
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The largest expense over my lifetime will be taxes (yours too)
I plan on minimizing that expense to the best of my ability.
This year I’ll save $22k on my tax bill using these 7 strategies:
(Steal them to save millions over your lifetime)
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Over the past 48 hours I’ve searched Twitter for the highest VALUE giveaways
Here they are: perfectly packaged, easily accessible🎁
FREE for you for the next 24 hours
All you need to do:
• Like, RT & comment “free” 🚀
*must be following*
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For the last 5 years I’ve saved clients hundreds of thousands through simple tax planning
Here are 7 of the most useful tools every business owner should know:
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My clients just got a small inheritance.
They came to me wondering if they should pay down the mortgage or put in a HYSA
With the mortgage at 3.25%
They wanted to open a HYSA at 5%..
But then we talked about tax consequences.
After state & federal tax the yield will be 3.75%
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The clients I just met with are an interesting case study
A couple in their 60s with a 8 figure net worth.
They have 7 figures invested with us.
They don’t foresee needing the money, it’s going to be left (mainly) for the kids. Meaning they should have a long time horizon.
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My grandparents advisor had them invested in all the best tech stocks in 1999
The year they retired
The advisor ensured them nothing could go wrong
All these stocks do is go up..
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“You can work for money, or money can work for you”
After 5 years and hundreds of financial planning clients
I fully understand what this means
Here’s the simple way to make money work for you:
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I’ve helped 80+ business owners go from $0 to Financial Freedom with a simple formula:
1. Define Your Cash Flow
2. Create a Plan
If you’re interested in financial freedom, you need these 2 essential tools to get there.
To get them, just:
• Like & comment “send”
*must follow
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People love to talk about how $1 million dollars is nothing,
I'm guessing none of them have ever even been close to $1m.
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I’m anti FIRE.
I’m pro FIWO.
Here’s what I mean:
The FIRE (Fin Independence/Retire Early) movement:
- Extremely frugality
- Saving every dollar
- Retiring to escape something
I align with the Work Optional movement:
- Frugality on material items
- Finding a balance of saving
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Client 1:
- Makes $500k a year
- Tons of debt
- Lives paycheck to paycheck
Client 2:
- Makes $120k a year
- Debt free
- Nearly $1m in investments
Stop worrying about income
Start focusing on cash flow.
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Yesterday I dismissed my own value out loud to my clients face.
I told him face to face that the entire 20+ hour financial plan I created for him was worthless.
The one he paid $4k+ for.
Not because I did a bad job, or my calculations were off.
But because
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If someone gave you $100k tomorrow
BUT, you couldn’t spend that money on debt or investments
What would you spend the money on?
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After working with 80+ founders & managing 8 figures, I understand real wealth starts with 2 things:
- Cash flow
- Planning
That's why I created this 2-pack
I could easily charge 50+$ for this.
Like and comment “Wealth” I’ll DM it absolutely FREE.
(Next 24 hours only)
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I’ve worked as a Financial Planner for 8 figure business owners for the past 5 years
All of them were rich, not all of them were wealthy.
This is everything I’ve learned about success and happiness along the way:
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750 followers is wild!😳🔥
Never thought I would get here so fast
Here’s what I did that worked:
• Focus on connections, not tweets
• Make real friends in the DMs
• Be specific, but relatable
• Optimizing my profile
• Quality comments
What’s worked best for you so far?
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Tax Loss Harvesting
The simple strategy that can save you 4-figures on taxes this year
Don’t touch your investment account again until you read this!
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Imagine you’re 5 years from an early retirement
You’ve socked away A LOT of money in tax deferred accounts - 401ks, IRAs, etc
You know it’s only a matter of time before the tax man comes knockin’
And you don’t want to pay more than you have to.
If this is you.. Roth
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The real key to building wealth:
MINDSET
-Cultivate a mindset of abundance
- Believe in your own ability to win
- Take calculated risks, stay educated
- Lift up the people around you
This is what true success looks like.
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This year my client is making mid 6 figures and paying taxes at a 37% marginal tax rate.
Next year he will live off of cash and pay near $0 in taxes.
This is the strategy we’re using to take advantage of his change in income:
🧵Bookmark this for later🧵
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Everyone talks about converting your business to an LLC S corp for the HUGE tax savings, but that's not the whole story…
Here’s how to know if S corp is right for you (with an example at the end):
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Every FA fee model has a conflict of interest…
Commission = buy products
AUM = more $$ invested
Hourly/Flat monthly fee = Extend engagement
Flat one time fee = Shorten engagement
At the end of the day the intent of the professional you’re working with is most important
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“If I write this off it means I don’t have to pay for it” - No - it means you’ll get a deduction for it.
Here is a straight forward example:
A $5,000 tax deduction vs. a $5,000 tax credit
A deduction reduces your taxable income, the amount you save from that expense is only
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Every decision you make has a tax consequence.
• Making money
• Spending money
• Investing for the future
These simple tax planning concepts can save you hundreds of thousands in your life.
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Normal budgeting goes like this:
Paycheck > Spend > Invest
- Time-consuming
- Spending = stress
Reverse it and this is what it looks like
Paycheck > Invest > Spend
- Takes no time
- Stress free
Spending money doesn't have to feel like going broke!
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@lindsaystamp3
We all think! “Damn this guy was so lucky” but it wasn’t all luck.
Like you said, he didn’t panic sell. He had conviction and held for 20+ years. That type of patience is hard to come by when everyone’s chasing the next hot stock
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In 30 years:
• Every $1 invested will be worth $20
• Every $1 saved will be worth $1.06
Yes, keep an emergency fund
No, you don’t need more than that
There’s a huge opportunity cost of NOT investing
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Rich vs. Wealthy
Make sure you're working towards the right outcome.
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2 months ago I almost quit Twitter
I had no leads
Everyone else was landing $5k/mo clients
Today I signed my 8th client from Twitter
100% due to:
- Actionable advice
- Emphasizing results
- Prioritizing DMs > timeline
Share knowledge. Make real connections. Don’t give up.
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You have 4 options with your old 401k:
1. Leave it where it is
2. Roll it into a new 401k
3. Roll it into an IRA/Roth IRA
4. Cash it out (w/ taxes & penalties)
Know your options people!
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A client of mine retired today at 38
She never made more than $120k but she did
• Diligently save
• Invest with a plan in mind
• Reduce taxes as much as possible
Now she spends her time
• Traveling
• With her fam
• Working on passion projects
This is what I live for!
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