Categories
Retirement Planning

Roth Conversion Hiccup [Video]

Watch/Read More

Roth Conversion Hiccup

Watch out for the Pro-Rata rule when converting to a Roth! If you are trying to perform a back door Roth by contributing non-deductible contributions to a traditional IRA and then convert that to a Roth, the IRS will look at all amounts of a traditional IRA and divide that by the non-deductible contribution amounts to ascertain the tax free conversion.

The Pro Rata Rule prevents people from only converting non-deductible IRAs (after tax) to Roth IRAs and thus avoiding the taxes that would normally be involved in the conversion process.

Helping you to be wise with your money!
To see more videos discussing personal finance Subscribe:
https://www.youtube.com/channel/UCbDAlu04OKiAZLu_5JaRwJw?sub_confirmation=1

For more resources: 👉 https://wfa-nc.com/insights

To schedule a complimentary consultation with me: 👉 https://wfa-nc.com/connect

I want you to be more confident in your future:
whether that be through preparing for retirement,
financial planning, portfolio analysis, or college planning.

I trust the information you receive through these videos
proves helpful with your personal financial situation!

Website: www.wfa-nc.com
Facebook: https://www.facebook.com/KeithWilsonFinancialAdvisor
Linkedin: https://www.linkedin.com/in/keithwilsonwfa-nc/

I am looking forward to seeing you achieve your financial goals!

Categories
Retirement Planning

How Does a Fixed Annuity Work? [Video]

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.

Categories
Retirement Planning

Looking good! Raise for Social Security, SSDI, SSI benefitsIn this video, we discuss a Raise that is on the table for fixed income like Social Security retirement, Social Security disability, SSDI, SSI benefits. This is a good raise that is coming for all of these beneficiaries as everybody knows, a Monthly and Benefit Raise is very much needed during this time. This is an annual raise that is for all of these beneficiaries to adjust for the cost of living. A new preliminary number it was released by the senior citizens league announcing a potential 6.2% raise for Social Security, SSDI, survivors and SSI beneficiaries in 2022.This is in reference to the COLA, otherwise known as the cost of living adjustment for all of these monthly beneficiaries of Social Security retirement, Social Security disability, Social Security Survivors, SSI Beneficiaries. This is an annual adjustment to benefits as a result of the cost of living adjustment to help out all of these beneficiaries adjust for the cost of living. The new preliminary number is discussed in this video and what it would look like to benefits going forward. The cost of living adjustment or call her for 2022 is going to be big as we know that inflation is running hot right now.This video is for those people receiving Social Security, SSDI, SSI BenefitsPlease make sure to subscribe and share this video with your friends, family, social media and check out any of the other videos here on the channel#StimulusCheck #StimulusUpdate #StimulusPackage #FourthStimulusCheck #Stimulus #StimulusCheckUpdate #SSDI #SSI #SocialSecurity Join this channel to get access to perks:https://www.youtube.com/channel/UCYqOP98j1cPqLzN2-AAgsHQ/joinFREE $30 here: https://www.rakuten.com/r/BLINDT32FREE Stocks Here:https://act.webull.com/te/rtYUM4U86HxG/t1j/inviteUs/Shop Amazon Here:https://amzn.to/2UjdFCzMusic in this video is complements of:Diamond Eyes - Stars***Disclaimer*** All the material in this video is for entertainment purposes only and is not financial, legal, accounting, investment advice, or advice in any way. Links shown above are affiliate links which will result in the creator receiving a small commission upon the use/registration of the link provided.

Categories
Retirement Planning

$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