Welcome to the 9Innings Podcast where we Educate, Empower and Engage.

ON THIS WEEKS PODCAST: Kevin describes why he decided to open his own RIA, and what lead to his move. He also talks about what he discovered after the move was made, and talk some "Fact vs Fiction". Companies will often make you feel as if you cannot live without them, Kevin takes you on his journey and why that "may" not be true. Website: http://www.9icapitalgroup.com

In this episode of the 9Innings podcast, host Kevin Thompson, founder and CEO of 9i Capital Group, tackles the challenging topic of why most people won't amass $1 million in their Roth IRA. Thompson debunks common financial myths, particularly those spread by social media influencers, and explains the practical difficulties in reaching such a substantial retirement savings goal. He provides listeners with strategies for optimizing their Roth IRA contributions and highlights the importance of strategic financial planning and understanding the nuances of investment to realistically approach the $1 million milestone.

The Roth IRA (00:01:01)

Average Returns (00:01:56)

Geometric Return (00:03:19)

Millionaire Roth Calculation (00:04:40)

Ideal Conditions for a Millionaire Roth (00:07:00)

Strategies for a $1 Million Roth (00:10:14) Practical steps and strategies for maximizing contributions and converting traditional IRAs to achieve a $1 million Roth balance.

Investment Opportunities (00:12:16)

Addressing Misconceptions (00:13:36)

Subscribe: https://www.youtube.com/channel/UCw9yLfTDBAprrLWvmcT6fFA

Website: https://www.9icapitalgroup.com/

Linkedin: https://www.linkedin.com/in/kevin-thompson-ricp%C2%AE-cfp%C2%AE-74964428/

Facebook: https://www.facebook.com/9iCapGroup/

In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, and Tobias Salinger, chief correspondent at Financial Planning at Arizent, explore pressing issues in the financial industry. They discuss the importance of succession planning, the need to increase diversity and improve talent acquisition, and the challenges faced by newcomers. The conversation also covers the Leaders Forum event, which will address the evolving concept of financial advisor independence, and the impact of discrimination on career progression within the industry.

Leaders Forum event (00:01:59)

Succession planning challenges (00:05:12)

Apprenticeship opportunities (00:11:14)

Discrimination cases in the industry (00:15:45)

Challenges in the Financial Industry (00:19:24)

Mentorship and Career Development (00:22:40)

Upcoming Live Discussion Event (00:26:49)

Subscribe to our channels and follow:

(w)-https://www.9icapitalgroup.com/

(y)-https://www.youtube.com/channel/UCw9yLfTDBAprrLWvmcT6fFA

(f)-https://www.facebook.com/MLB2CFP

(X)-https://twitter.com/9ICapGroup/status/1624034073361502212