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Retirement Planning

How to make money for retirement? Roth IRA vs Traditional IRA #Short #Finance #Business #SMBTalk [Video]

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How to make money for retirement? Roth IRA vs Traditional IRA #Short #Finance #Business #SMBTalk

Do you want to make sure that you have enough money for retirement? Then you may want to consider looking into a Roth IRA or a Traditional IRA. This is not financial advice.

The term IRA simply stands for an individual retirement account. The government provides citizens with tax incentives through IRA’s to make sure that they take advantage of investing for retirement. An IRA is not an investment itself, but simply a place by which to place investments such as stocks, bonds, and mutual funds.

Let’s say you’re packing a lunch. An IRA is like the lunch box that you’re putting food into and each individual package of food could represent the stocks, bonds, and mutual funds you’re buying.

A traditional IRA will usually have you pay taxes on the money you pull out of the fund when you reach retirement. However, up until this point you can usually get tax deductions for the amount of money you put into your IRA. A Roth IRA is similar in many ways except for how it is taxed. The money invested is taxed at the beginning when you put it into the Roth IRA, but can be withdrawn tax free at retirement. To figure out what accounts are right for you, do your own research online and possibly talk to your financial advisor because you could make and save thousands of dollars.

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Retirement Planning

The IRS Wants Access to Your Bank (Bidens Sinister Plan) [Video]

The IRS Wants Access to Your Bank (Bidens Sinister Plan). Mr. Biden along with the IRS have proposed a new plan for fiscal year 2022.....and that's to get banks to give you information about YOUR bank account information on transactions of $600 and over. In this video we will cover exactly what the government is proposing to make sure they get their tax revenue from your private account and have no transaction under $600 go without getting their "cut". This is also a COMPLETE violation of our 4th amendment rights! 0:00 Intro 0:40 What Biden has proposed 2:40 The counter argument 5:35 The second thing that Biden wants 9:09 Daniel's big picture question 11:45 Final thoughts Government Fiscal Policy FY2022: https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf 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

#ssi #ssdi #socialsecurity $200 Monthly Update - Social Security, SSI, VA - Infrastructure Package? [Video]

$200 Monthly Update - Social Security, SSI, VA - Infrastructure Package?#ssi #ssdi #socialsecuritySocial Security retirement, Social Security disability, supplemental security income, and veteran affairs beneficiaries going forward into 2021. It has been proposed that Social Security beneficiaries get a $200 per month raise going forward into 2021, this includes SSA, SSDI, SSI, and VA beneficiaries. ssi, ssdi, social security, ssa, SSI benefit, SSDI benefit, Social Security benefit, Ssa benefit, Va benefit, Social security retirement, Social Security disability, Ss benefit, Social security increase, Social security raise, SSI raise, SSI increase, 200 social security raise, Social security 2021, SSI 2021, $200 SSI raise, $200 social security increase, $200 social security raise 2021, $200 raise, $200 increase,$200 SSI increase, stimulus, Checks, stimulus check, investing, stock market, stocks for beginners, money, third stimulus check, third stimulus check update, unemployment update, stimulus checks, fourth stimulus check, stimulus check update jimmy, robinhood, update on third stimulus check, fourth stimulus checks, fourth stimulus, stimulus check update today, student loan forgiveness, ssi ssdi increase, Child credit, child stimulus, child tax credit, student loan cancellations

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Retirement Planning

Historically, many Americans have planned to rely on Social Security to get them through retirement. But what happens if Social Security isn’t enough to help you secure the retirement you want and know you deserve?In this episode, J. Barry Watts discusses some of those tough questions about Social Security, and helps you to understand how you can optimize that benefit to become your largest financial asset.Barry discusses:- The age at which you should start to file for Social Security- The minimum qualifications for Social Security - A breakdown of how Social Security is funded- How to maximize your Social Security benefit should your spouse pass away - How to avoid taxes on your Social Security- And moreResources:How to Have More Tax Free Income in RetirementConnect With Barry Watts:office@savingyoutaxes.com 800-278-1755SavingYouTaxes.comLinkedIn: J Barry WattsLinkedIn: SavingYouTaxesDisclosure: The content has been made available for informational and educational purposes only, and is not intended to be a substitute for professional tax and investment advice always seek the advice of your own qualified advisor with any questions you may have regarding taxes and investing.