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Retirement Planning

How to Avoid Being Taxed at 46.25% in Retirement with Roth Conversions! -Social Security Tax Torpedo [Video]

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How to Avoid Being Taxed at 46.25% in Retirement with Roth Conversions! -Social Security Tax Torpedo

Today we discuss a tax hurdle that nearly every retiree could be subject to… The Social Security Tax Torpedo.

This hurdle is created based on how the IRS taxes your social security benefit.

As you take income from income sources like Traditional IRAs, it forces your Social Security benefits into becoming taxable.

This creates a situation where a $1 withdrawal from an IRA can cause $0.50 or $0.85 of your Social Security benefit to become taxable as well.

Essentially you are double-taxed!

Many retirees and even financial advisors arent’ aware of or don’t plan around this tax trap.

However, missing this tax hurdle can cost you significantly.

Right now, the most aggressive part of the Social Security Tax Torpedo can cause your marginal tax rate to skyrocket to 40.70%.

In 2026, because of the Tax Cuts and Jobs Act expiring, that marginal tax rate will rise to 46.25%.

This tax trap is no joke!

In this video in our Roth Conversion series, we are going to discuss how Roth Conversions can be used to avoid the Social Security Tax Torpedo.

We will discuss:
✅ What is the Social Security Tax Torpedo and how is Social Security Taxed

✅ Roth IRA Conversion Strategies to avoid this tax trap

✅ Why a Roth Conversion in 2021 is especially powerful

✅ Social Security Tax Torpedo Calculator to determine if this will be a problem for your retirement

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Always remember, “You Don’t Need More Money; You Need a Better Plan”

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Retirement Planning

Biden's Plan to STEAL Your Retirement Money... [Video]

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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Retirement Planning

3 Important Things About Social Security Early Retirement [Video]

Social Security early retirement serves as a vital source of income. The dilemma is the same with everyone: the earlier you take it, the less you will receive; but you don’t want to wait too long. When you should access Social Security depends on your unique circumstances.The information below will give you an idea of if you should seek Social Security early retirement. Keep reading for some advice on what is the best course of action for you and your family.Read the full recap here: https://intelliplanfinancial.com/social-security-early-retirement/Social Security Planning: https://intelliplanfinancial.com/individual-family-services/social-security-planning/Visit Us: https://intelliplanfinancial.comIntelliplan Financial is a financial advisor and certified fiduciary in Columbus Ohio. We help people maximize their retirement income, or adjust their income later in life to received the most benefits available. Contact us in order to receive a free evaluation of your current outlook and discover ways to increase your retirement dividend.

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Retirement Planning

Guarantees are a must in your retirement years for peace of mind. Let's talk about one way to get those guarantees. Watch and Enjoy! Eddie Gartner GET YOUR FREE GAME PLAN https://go.epicfinancialstrategies.co/startGET ACCESS TO OUR FREE FINANCIAL FREEDOM ROAD MAPhttp://go.epicfinancialstrategies.co/registerDOWNLOAD YOUR FREE CASH FLOW ANALYSIS GUIDE http://go.epicfinancialstrategies.com/cashflowMUSIC AND LICENSETitle - From AshesArtist - PALA License - https://www.soundstripe.comVIDEO PRODUCED BYMotormind Marketing AllianceVideomarketingalliance.comYour Best Allies in Video385-215-9003Motormindmarketingalliance@gmail.com“EPIC Financial Strategies” is a trade name referring to EPIC Insurance Services, LLC. All references to “EPIC” contained in this video pertain to EPIC Insurance Services, LLC. Robert Gill is not in the business of providing investment advice and specifically disclaims any liability, loss or risk incurred as a consequence, either directly or indirectly, through the use of any of the information contained in this video. Also, Robert Gill, in his appearance on various social media platforms, does NOT provide ANY legal, accounting, securities, investment or tax advice, and the opinions he shares are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Robert Gill does not endorse ANY specific investments, financial advisors or securities brokerage firms. Robert Gill is not a securities-licensed professional, financial planner or investment advisor.The views and opinions of any guests who may appear in the videos on this channel, regardless of whether they hold any securities, advisory or insurance license, are shared for informational and educational purposes only. And whether they originate with Robert Gill or any guest, the views and opinions of persons appearing in these videos should not be considered investment, financial, legal or tax advice. Before making any investment or other significant financial decision, viewers should consult with qualified and licensed professionals, who will assess the appropriateness of the decision in light of each individual’s specific goals, experiences and financial status.It is possible that certain material facts, including but not limited to legal conditions directly affecting the functions of products discussed herein, may have changed in the time since this video was filmed. Viewers should not assume that such conditions have remained the same in the ensuing period.

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Retirement Planning

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