Which option to upgrade before getting iMac?

I am yet to purchase a new iMac from Apple. However, due to budget constraints, I have to choose between a 256GB SSD, a 1TB fusion drive and upgrading from a 2GB to a 4GB graphics card. I'll be doing a lot of video editing as well as the usual every day activities (internet browsing, watching movies, etc). Most of my editing will be done on an external hard drive, so minimal storage isn't really much of an issue.
Let me know if you think, however, that it is REALLY beneficial to get 2 of those upgrades. But I'd still prefer to get just one (I'm already upgrading to 16GB RAM and the 3.5GHz core i7 processor).
Thanks!

I wasn't aware that Apple only recommended 8GB of RAM for 4K editing. I used to have 4GB on my MacBook Pro and noticed a massive difference when I upgraded to 16GB.
I think I will go with the SSD. 256GB of storage for Apps/programs is plenty for me. I also saw a few website that said the difference between the 2GB and 4GB graphics cards was minimal, so I think I'll just go with the 2GB.

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