Example 6.1.2 A and B
Click Here for the Slides
Example 6.1.2 A and B
Click Here for the Slides
In this first video of two, Jim Lange discusses the main financial problem facing Million Dollar Plus IRA and Retirement Plan Owners in regards to income tax, including the SECURE Act. Go to https://paytaxeslater.com/webinars to register for Jim's upcoming FREE retirement virtual events!For more information go to https://paytaxeslater.com/ and join our mailing list to get regular beneficial information to aid in your retirement.
Do you want to have enough money to live comfortably in the future? Then you should start taking advantage of retirement accounts today. This will help you build generational wealth for your children. You would also benefit from the power of compounding to your investments.Retirement accounts are there for you to benefit from, they can be used for long term investments. With these accounts, you can benefit from tax-deferred investments and/or savings. When used properly, these accounts will benefit you down the line, and provide you more disposable income. Over time, you will enjoy the benefits of compound interest. Today is the best time to start investing and building good savings habits.For the United States, we would cover three main retirement accounts (The ROTH IRA, The Traditional IRA and the 401k). For Canada, let's discuss its equivalents (The TFSA - Tax-Free Savings Account, the individual and the Group RRSPs). Some of these accounts provide tax deductions in the year of contribution.NOTE: The content in this video is accurate as of the posting date. Also, this is not an investment advice. All investing involves risk, including the possibility of losing the money you invest. Please consider what makes sense for your current situation, your income level must be factored when approaching investing. Please perform your independent research before deciding on what works for you. This is only meant to educate and help kick start your own personal research.
Biden Wants Your Retirement Account. The recent proposal by the Biden Administration, the "Build Back Better Plan" is looking to fund college, child tax credits, and Medicare for all......but at the expense of your retirement accounts. In this video, I break down the the build back better plan and how Biden plans on using your retirement plan to fund it! But at the end of the video, I show you what you can invest in to avoid all of this mess! My Sources: 1. https://www.handsoffmyira.com/?r_done=1 2. https://www.forbes.com/sites/bobcarlson/2021/04/19/congress-isnt-finished-coming-after-your-retirement-money-and-estate/?sh=f586a1489a8d 0:00 Intro 0:39 Biden going after your retirement account 1:24 Peter Theil Roth IRA example 1:50 Quick rundown of what a Roth IRA is 3:16 Why the Government wants your Roth IRA 3:53 What is Biden up to? 4:03 1st thing Biden is after with your retirement account 4:49 2nd thing Biden is after with your retirement account 5:15 What is a self-directed IRA? 6:53 3rd thing Biden is after with your retirement account 8:50 It gets worse..... 9:55 A lot worse...... 10:44 this sounds a lot like something we talked about 11:02 an idea how to work around this... Thanks for Subscribing & Liking our Video! Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/rcm-coaching-details/ FREE 7 Day Trial To PropStream Real Estate Investing Software: http://reisoftware.thekwakbrothers.com Pay Off Your Mortgage In 5-7 Years (On Average): https://www.youtube.com/watch?v=eGVn9iq1e6c Get Our FREE Book "Break Free From Your Mortgage" https://acceleratedbanking.com/book Get Our FREE Book "0 To 75 Units in 1 Year" https://0to75units.com JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS: https://www.facebook.com/groups/bestreigroup Are you a Business Owner? Start Accepting Credit Card Payments with Lower Fees: http://emap.easypaydirect.com/go/signup/vf8d3N ======================== ---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold The Kwak Brothers and its brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.
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