How to recover your losses in the Trading ? Trading psychology to recover Losses from Stock Market A much important lesson with an exampleWe are also discussing how to handle or deal with the psychological and emotional factors related to losses??#banknifty #nifty #tradingpsychology Open in 15 mins Demat Trading account in just few steps :https://itrade.angelbroking.com/DiyKyc/SubbrokerLead?SbTag=U0VBRw==&offertype=shubhaarambhOpen Alice Blue Accounthttps://alicebluepartner.com/open-myaccount/?P=SPN28To Register and see plan details for our Live Trading Memberships visit:Website – https://rltrgroup.comLink of our Telegram group: – https://t.me/RLTRGroupTwitter : – https://twitter.com/livetraderrInstagram: – https://www.instagram.com/rltrgroup/#tradingpsychology #recoverlosses #tradinglosses #tradingstrategies #nifty50 #Niftyanalysis #optionstrategy #BankNiftyintraday #Orderflowanalysis #IntradyTrading #PriceAction #Trading #StockMarket #StockMarketStrategies #StockMarketForBeginners#RLTRGroup #livetrading
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.
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.
The age when older Americans must start making withdrawals from retirement accounts could change yet again. Under a provision in proposed retirement legislation pending in Congress, required minimum distributions, or RMDs, would start at age 75 by 2032, up from age 72 — which only took effect last year after the 2019 Secure Act raised it from age 70½. The proposed adjustment would generally not impact most retirees: The majority — 79.5%, according to the IRS — take more than their RMD because they need the money. However, for the 20.5% who take only the minimum amount required, the extra years could provide more time to strategize how to best handle those assets.”As a financial advisor, I cheer [a higher age] because we’d get more flexibility and more years to do planning,” said certified financial planner Mark Wilson, president of MILE Wealth Management in Irvine, California. “Even if most people are drawing more than the required amount, it would still be a positive thing.”Generally speaking, RMDs are a thorn in the side of retirement-account owners who don’t need the money when the government says they have to start withdrawing it.”I think they should just eliminate lifetime RMDs altogether,” said Ed Slott, CPA and founder of Ed Slott and Company. “They’re a real nuisance for seniors.”Current law says you have to take your first RMD for the year in which you turn 72, although that first RMD can be delayed until April 1 of the following year. If you’re employed and contributing to your company’s retirement plan, RMDs do not apply to that particular account until you retire. More from Personal Finance:Inflation fears reach fever pitch as prices riseClimate change is impacting retirement plansWhy student loan forgiveness could still happenThe amount you must withdraw is basically determined by dividing the balance of each qualifying account by your life expectancy as defined by the IRS. For example, if you’re 75, that number would be 22.9 (until new life expectancy tables kick in next year), according to the IRS. Divide your account balance — say it’s $100,000 — by that factor and your RMD would be about $4,366. For individuals who don’t need the money, delaying the RMD age would provide an opportunity to convert more of their traditional 401(k) or IRA over time to a Roth IRA. While taxes are paid on the converted money, withdrawals down the road would be tax-free, unlike distributions from a traditional IRA or 401(k), which are taxed as ordinary income. And, there are no RMDs with Roth IRAs during the account owner’s lifetime. However, for all inherited individual retirement accounts, 401(k) plans or other qualified retirement accounts, the balance must be entirely withdrawn within 10 years if the owner died after 2019, unless the beneficiary is the spouse or other qualifying individual.All data is taken from the source: http://cnbc.comArticle Link: https://www.cnbc.com/2021/06/17/required-ira-401k-withdrawals-start-at-age-75-under-congress-bill.html#retirement #newsontrump #kingworldnews #newstodayfox #newsworldnow #newstodayheadlines #
Life is a journey filled with financial choices. From our first memories of money as a child, perhaps an allowance we spent or saved, to our last memories as we pass our wealth on to the next generation, we make decisions. What if we told you there is an optimum path for each person? No matter your earnings, no matter the current state of your finances, there is a way to optimize what you have and ensure the financial journey you are on is the best it can be for you. This session will help you learn more about those critical forks in the road that either prepare you for a comfortable retirement or bring worry about whether you are going to be okay. We will walk through some of the dos and don’ts along your journey and help you optimize for every stage of life.The Women, Wealth & Wisdom conference is a free financial and estate planning event for women of all ages and stages. Learn more at https://give.am/WWW2021The Texas A&M Foundation is a 501(c)(3) tax-exempt organization that builds a brighter future for Texas A&M University, one relationship at a time. Learn more at https://txamfoundation.com00:00 Intros07:30 A headstart on retirement planning25:03 Retirement is imminent, what now?35:42 Answers to all of your social security and medicare questions
In this video, we will cover the new dates $1400 third Stimulus Check Update today 2021 as well as the latest details of the stimulus package update and developments on the stimulus check 3 update, student loan forgiveness and related daily news as well as rent assistance programs and mortgage make money online, car insurance, assistance. 4th stimulus check update today. Today I’ve got much more to cover in this video, like: the $200 monthly increase in social security raise, SSI, SSDI, VA, survivor benefit, and railroad benefit. stock market, I’ll be updating you on where we stand today on the social security $200 per month boost for ssi raise, ssdi, and really good news regarding COLA today in this video! We will discuss mortgage forbearance, relief and fourth stimulus check update today 2021, mortgage forgiveness. fourth stimulus check update,$2500 student financial aid 4th stimulus check,donald trump lalate,18 wheeler accident lawyer,lindsey graham,Have you ever asked yourself how to get rich or how to rich make money fast? stimulus checks, Learn these 5 easy millionaire habits and financial education lessons that make money and change your life and achieve financial success. fourth stimulus check, Mindset is a critical factor in making more money, and increasing your income. stimulus check update,lawyer,blind to billionaire, and Democrats in control of the Senate. Fourth stimulus check, stimulus finally passed $1400 third stimulus check update blind,billionaire, The CARES Act was the first stimulus package passed in socialsecurity, life insurance,Lalate, 4th stimulus check update todaysemi truck accident lawyer,stimulus update,stimulus check,4th stimulus check,blind,cola, get my payment4th stimulus,$2000 stimulus,4th Stimulus Check,#fourthstimuluscheck #stimuluscheckupdate #stimuluscheckupdatetoday
In this webinar moderated by Financial Advisor, Todd Holden, Michael Graci of BlackRock discusses Social Security collection strategies, spousal and survivor benefits, tax implications to consider before claiming Social Security benefits and more.Michael Graci and BlackRock are not affiliated with Northwest Financial Advisors or LPL Financial.
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
The Pandemic has shown a need for second Income due to cut in the salary or business income.The composition of portfolio can be as per ones need. But the ultimate result should be income for life with financial freedom.
✅SUBSCRIBE & RING THE BELL for new videos every day!Watch These Videos Next:➡️ 2021 Rising Inflation Fear: JP Morgan is Hoarding Cash. Should You Be Hoarding Cash too?: https://youtu.be/uQW6dXL8YgY➡️ 2021 Inflation Increase & Why You Should Be Worried | What Is Inflation?| Inflation Explained Simply: https://youtu.be/cnmx5wmWOHA➡️ Still Waiting on Your Tax Refund? Request Investigation: https://youtu.be/E2iJbvj-N5o➡️ 2021 Inflation Rate Much Higher Than Expected! | Is Inflation Getting Out of Control?: https://youtu.be/ugH0ZseRSoI➡️ 2021 Refund Seized?: https://youtu.be/aW7cOqfl0RU➡️ Bad Money Habits That Keep You Poor: https://youtu.be/9qfHtCHLtD8➡️ Side Hustle Taxes: https://youtu.be/S3ZJE_SVbLs**************🗒 In this video I will explain 5 often unknown or misunderstood benefits of setting up an Individual Retirement Account (IRA) and how you can use it to help you save more, tax free! *****************💰Get Free Stocks and Money below by using my referral links:Get 2 FREE Stocks by Joining Webull Trading:https://act.webull.com/k/MSNhYotCqD4i…Sign up with Robinhood: https://join.robinhood.com/olenap*****************👋🏻Say Hi on social: Join my Discord – https://discord.gg/aDN4GmWXHcInstagram – https://www.instagram.com/lenapetrovacpaFacebook – https://www.facebook.com/lenapetrovacpa*****************Disclaimers: The information provided on this channel should not be construed or relied on as professional advice for any specific fact or circumstance. This channel and its content are designed for entertainment and information purposes only. The content available is created to provide a general overview of a topic and is not a substitute for professional services. Always seek the advice of a finance or a legal professional that would take into account your specific circumstances. Opinions expressed are solely my own. Only publicly available information has been used.#LenaPetrovaCPA #IRAExplained #IndividualRetirementAccount #IRA
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
The Backdoor Roth Conversion can be a useful tool for some retirement savers, and it is not that complicated to use properly. However, there are some pitfalls to be aware of before executing. Kevin walks through when to do the Conversion and how to avoid some common problems.