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Retirement Planning

10 Expenses That GO UP in Retirement [Video]

This video discusses 10 expenses that go up in retirement. Learning how to estimate expenses in retirement is an important skill. Many retiree’s don’t figure this out until they have learned this hard way. This video and it’s companion video “7 Expenses that Go Down in Retirement” will help you understand the biggie’s in retirement costs and potential savings. Important Links:Follow me on Instagram:https://www.instagram.com/the_schmidtlist/Free “Retirement Ready” Checklist:https://holyschmidt.com/checklist/Federal Reserve Board Survey of Consumer Finances:https://www.federalreserve.gov/econres/scfindex.htmSocial Security Administration Application for Benefitshttps://secure.ssa.gov/iClaim/ribCurrent Social Security Cost of Living Adjustmenthttps://www.ssa.gov/cola/Social Security Payment Estimatorhttps://www.ssa.gov/benefits/retirement/estimator.htmlTHE CHANNEL’S MOST POPULAR VIDEOSShould You Take Social Security at Age 62 and Invest it? https://youtu.be/8Do6edWYRH07 GOOD REASONS to File for Social Security Benefits at Age 62https://youtu.be/eOJnzLuyvIYAverage Retirement Savings by Age 60. Are You Almost Ready to Retire?!?https://youtu.be/8lPdFPaXa1kThe BEST AGE to File for Social Security Retirement Benefitshttps://youtu.be/CoPkYQ0smj03 Social Security “Little Known Facts” That Are REALLY Importanthttps://youtu.be/uIXjbRYeYjIDisclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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Retirement Planning

Should You Pay Off Your Mortgage Right Now? [Video]

Should You Pay Off Your Mortgage Right Now? As you know by now, mortgage rates have been historically low and there is a looming threat of hyperinflation….should you pay off your mortgage right now to protect yourself in the future? Well in this video, I break down exactly how a mortgage loan is structured and what you should do to protect yourself from the rising cost of living in the coming future. If you want a full explanation of how to payoff your mortgage in 5 to 7 years click on this link https://www.youtube.com/watch?v=eGVn9iq1e6c0:00 Intro0:36 The questions about paying off your mortgage1:43 How a mortgage works against you3:26 What happens to your mortgage when you move5:53 The refinance trap8:51 Closing thoughts 😃 Thanks for Subscribing & Liking our Video!📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/coaching⌨️ 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💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: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🔊 Our Podcast:🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com#realestateinvesting #thekwakbrothers #realestate========================—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam 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 Sam Kwak, Novo Elite, Inc. and the Kwak Brothers 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

Social Security Planning: What Baby Boomers Need to Know About Their Retirement Income [Video]

Baby Boomers are asking…• Will Social Security be there for me?• How much can I expect to receive?• When should I apply for Social Security?• How can I maximize my benefits?At this workshop you will learn…• 5 factors to consider when deciding toapply for benefit• When it makes sense to delay benefits—and when it does not• Why you should always check your earnings record for accuracy• How to estimate your benefit• Innovative strategies for coordinating benefits with your spouse• How to minimize taxes on Social Security benefit• How to coordinate Social Security with your other forms of retirement incomeThe decisions you make today can have a tremendous bearing on the total amount of benefit you stand to receive over your lifetime. Don’t miss this valuable workshop designed especially for baby boomers.To book a one on one phone call with us: https://go.oncehub.com/JointPhoneCallHere is a link to the video we posted on How to Create Your SSA.gov Account: https://youtu.be/Si3BD5G9C7Y

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Retirement Planning

Debunking Retirement Myths [Video]

During this episode, we’re going to examine some of the common myths about retirement and Social Security and why knowing the difference between myth and reality is important for your financial strategy. To add a little fun, we’ll also share some of our favorite historical myths.

Categories
Retirement Planning

IRA vs IRA Roth [Video]

Roth IRA vs. Traditional IRA: An OverviewIndividual retirement accounts (IRAs) are tax-advantaged vehicles designed for long-term savings and investment—to build a nest egg for one’s post-career life. While some IRAs are available through the workplace, the two most common are designed for investors to use on their own: the traditional IRA, established in 1974, and its younger cousin, the Roth IRA, introduced in 1997 and named for its sponsor, Sen. William Roth.While these accounts have similarities, they also differ in some key ways, primarily dealing with tax deductions (do you want to owe the IRS now or later?), accessibility of funds, and eligibility standards.Understanding all the distinctions is crucial in deciding which IRA is the better choice for you.KEY TAKEAWAYSThe key difference between Roth and traditional IRAs lies in the timing of their tax advantages: With traditional IRAs, you deduct contributions now and pay taxes on withdrawals later; with Roth IRAs, you pay taxes on contributions now and get tax-free withdrawals later.Traditional IRAs function like personalized pensions: In return for considerable tax breaks, they restrict and dictate access to funds.Roth IRAs function more like regular investment accounts, only with tax benefits: They have fewer restrictions, but fewer breaks as well.Whether you think your annual income and tax bracket will be lower or higher in retirement is a key factor in determining which IRA to choose.Key Differences: Tax BreaksBoth traditional and Roth IRAs provide generous tax breaks. But it’s a matter of timing when you get to claim them.Traditional IRA contributions are tax-deductible on both state and federal tax returns for the year you make the contribution. As a result, withdrawals—officially known as distributions—are taxed at your income tax rate when you make them, presumably in retirement.Contributions to traditional IRAs generally lower your taxable income in the contribution year.3 That lowers your adjusted gross income (AGI), possibly helping you qualify for other tax incentives you wouldn’t otherwise get, such as the child tax credit or the student loan interest deduction.With Roth IRAs, you don’t get a tax deduction when you make a contribution, so they don’t lower your adjusted gross income that year. But, as a result, your withdrawals in retirement are generally tax-free. You paid the tax bill upfront, so to speak, so you don’t owe anything on the back end.2In other words, it’s the opposite of the traditional IRA.Important:You can own and fund both a Roth and a traditional IRA (assuming you’re eligible for each); however, your total deposits in all accounts must not exceed the overall IRA contribution limit for that tax year.

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Retirement Planning

On the ACA, Obama will have the last laugh (opinion) [Video]

With the Supreme Court turning back yet another challenge to the Affordable Care Act, it’s becoming clear that the odds of dismantling Obama’s signature legacy at this point are slim, writes Julian Zelizer. Joining the ranks of other programs like Social Security, the ACA will remain the law of the land for the foreseeable future, and Republicans, thus rebuked, will need to pursue new wedge issues.

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Retirement Planning

Roth Conversions [Video]

Roth Conversions can be a good way to prospect and find out your client’s total asset holdings. Stand out from your competitors and become a Roth Conversion expert by joining us for this webinar.Other benefits of Roth Conversions:• No RMDs for the owner and/or spouse.• Tax-free component.• Anyone who has a traditional IRA is a candidate.Grant Smith and Skylar Ellerbach with Athene are going to go over the ease of doing Roth Conversions with Athene. They will also be discussing the #1 FIA from 2020.

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Retirement Planning

Should I Do Roth Conversions for Railroad Retirement? [Video]

Who doesn’t like👍 a Tax-free Railroad Retirement?There are tremendous opportunity for railroaders to reduce⬇️ their income tax in retirement through Roth Conversions. Watch this Railroad Retirement Whiteboard to understand the complexity😕 behind this strategy. Answer this question🙋 to get started, “Will my taxes be higher or lower in the future?” The answer will determine if Roth Conversions are for you.Do you plan to execute Roth conversions💰 in Railroad Retirement?📮 Sign up for the free Highball Advisors Railroad Retirement Newsletter: https://tinyurl.com/zxfdaymk➡️Follow Highball Advisors on LinkedIn: https://www.linkedin.com/in/railroadr…➡️Follow Highball Advisors on Facebook: https://www.facebook.com/railroadreti…➡️Subscribe to Highball Advisors on YouTube: https://bit.ly/2WVqru3✅Get Your Free Railroad Retirement Assessment: https://bit.ly/2Qq68Gg************************************************************************************Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Highball Advisors, and all rights are reserved.#railroadretirement

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Retirement Planning

Are Interest Rates Going Up? [Video]

Are Interest Rates Going Up? The Federal Reserve has added trillions of dollars to their balance sheet within the last year. We have seen an astronomical amount of debt pile up so that brings the question now, will the the interest rates go up? And if they do go up, how high will they get? So in this video, we talk about the interest rates, and how it will effect the housing market and real estate lending practices. 0:00 Intro0:25 Are the interest rates going up?1:39 What Jerome Powell is saying2:20 What Pete Schiff is saying2:40 How raising interest rates will effect the housing market?6:39 Rent rates going up may provide opportunity7:40 The Federal Reserve’s balance sheet😃 Thanks for Subscribing & Liking our Video!📧 Get Our 1:1 Real Estate Investing Coaching and Mentoring: https://thekwakbrothers.com/coaching⌨️ 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💻 JOIN OUR FREE FACEBOOK GROUP FOR LANDLORDS & PASSIVE INCOME: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🔊 Our Podcast:🔹Spotify: https://open.spotify.com/show/7pnHJSNl7vPVFzq69IzC6B🔹iTunes: https://podcasts.apple.com/us/podcast/first-deal-experience/id1282240923📧 Hire the Kwak Brothers to Speak: info@thekwakbrothers.com#realestateinvesting #thekwakbrothers #realestate========================—DISCLAIMER— The suggestions, advice, and/or opinions that are given by Sam 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 Sam Kwak, Novo Elite, Inc. and the Kwak Brothers 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.

Categories
Retirement Planning

Why People HATE Stan The Annuity Man [Video]

This topic is a good one! The bottom line is, I want to make sure that you make a good decision, an informed decision, and a factual decision if you are considering annuities. Let’s get down to the real facts of why people hate Stan the Annuity Man!Watch and Enjoy,Stan The Annuity Man Free Annuity Owner’s Manualshttps://www.stantheannuityman.com/how-do-annuities-work/Free Annuity Calculators and Live Rate Feedshttps://www.stantheannuityman.com/annuity-calculator/Book a Free 30-minute Call with Stan The Annuity Manhttps://www.stantheannuityman.com/book-a-call/Key Moments in this Episode ========================0:00 Intro & Summary1:05 Who I Am3:19 When I Decided to Become Stan the Annuity Man7:01 Don’t Be an Annuity Hypocrite!9:32 Don’t Fall For This!10:39 There Are No Mulligans in Retirement 11:45 Summary & Subscribe!Other Resources ALL THINGS ANNUITIEShttps://www.stantheannuityman.com/ LISTEN/WATCH FUN WITH ANNUITIES PODCASThttps://www.stantheannuityman.com/podcastJOIN THE ANNUITY LOVERS FACEBOOK GROUPhttps://www.facebook.com/groups/annuityloversclub/CONNECT WITH STAN  Call Stan The Annuity Man: 800-509-6473Website: http://theannuityman.com/  Email: Stan@TheAnnuityMan.com Facebook: https://www.facebook.com/stantheannuityman/Twitter: https://twitter.com/StanAnnuityManTikTok: https://www.tiktok.com/@theannuitymanInstagram: https://www.instagram.com/theannuityman/#StanTheAnnuityMan #Annuity #TheAnnuityMan