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Retirement Planning

Morgan Stanley’s Anderson earns insurance planning dir. | Business Achievements [Video]

Lincoln, Nebraska Morgan Stanley announced that Forrest (Frosty) Anderson, a financial advisor in the firms Lincoln, Nebraska office has completed the firms Insurance Accreditation Program and now holds the insurance

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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

Strategies for Building Your Business in the Wake of COVID [Video]

Strategies for Building Your Business in the Wake of COVIDMake sure to tune in today for Mark J Kohler! Going LIVE at 415 going over all of your tax and legal questions as well as an incredibly awesome topic, “Strategies for Building Your Business in the Wake of COVID”Check it out on FB or Youtube. Just Search Mark J Kohler!Subscribe to our YouTube Channel for more tax and legal tips posted daily for business owners like you! @markjkohler#markjkohlerLIVE #markjkohler #EntrepreneurOur Estate Planning Special is ending today so make sure you take full advantage and set up your family for when you are gone! https://kkoslawyers.com/estate-planning-special-2021/

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Retirement Planning

Afraid of President Biden’s Tax Plan? New Strategic Advice from Two Lawyers and a CPA [Video]

Everything that you need right here for you! https://linktr.ee/MJKYoutubeThe Crypto IRA Page at Directed IRA: https://directedira.com/cryptocurrency/Mark and Mat cover the ins and outs of President Biden’s tax plan proposals. They break down some strategies to prepare for potential upcoming changes. Whether you are a high or low-income earner, be sure to catch this episode and begin preparing strategies that will work best for you and your financial goals. I have the perfect book for you. Learn how to start your own business and if you already have one HELP it grow! With my 8 Steps to Start and Grow your Business, you will be on your way to financial freedom and taking control of your money. Go check it out at https://markjkohler.com/all-books/8-Steps-to-Start-and-Grow-Your-Business-p225942102Your financial wealth starts today!I go LIVE almost every week…Don’t forget to Subscribe and Hit that bell icon so you get a notification every time I upload a new video or go LIVE SIGN UP for my weekly newsletter to download my FREE E-book “The 10 Best Tax-Saving Secrets Everyone Should Know” and schedule a FREE 15 Minute Interview with an Attorney or CPA from my team! Visit www.markjkohler.com/youtube If you need help structuring your business to save the most on taxes and to ensure maximum asset protection, click here to schedule a FREE 15-minute interview: www.kkoslawyers.com/contact-usVisit markjkohler.com for all of Mark’s game-changing educational materials, take charge of your ship, and start SAVING thousands in taxes!If you liked the video, please give it a “Thumbs up!” Set up a self-directed retirement account at directedira.com and start saving today!Visit www.mainstreetbusiness.com to listen to Mark Kohler and Mat Sorensen break down complex Tax & Legal strategies in an easy-to-understand way every week!Follow me on Instagram, TikTok Facebook and Twitter @markjkohler

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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

Optimizing Your Retirement: How to Navigate Social Security & Other Benefits [Video]

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

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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

Teacher’s Retirement/ FERS Pension & Social Security Survivors Benefits Decisions [Video]

Teacher’s Retirement, Federal Employees Retirement & Social Security Survivors Benefits. The decisions you make on survivors benefits on your pension will have long lasting consequences. The Power of a Tribe: https://www.amazon.com/dp/B096TWBDM3/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1623414076&sr=8-1Get Surfshark VPN at https://surfshark.deals/INVESTORS and enter promo code INVESTORS for 83% off and 3 extra months for free! Follow Me: Facebook: https://www.facebook.com/BestofUSLLC/Instagram: https://www.instagram.com/bestofusinvestors/Twitter: https://twitter.com/BestOfUsInvestSubscribe:Best of Us Investorshttps://www.youtube.com/channel/UC-hq1OIl97y7h0DiJx45N3wHelp Kerry and Nita win the race against Childhood Cancer and keep their daughter Shay’s memory alive. Your support makes a direct impact in the fight against Pediatric Cancer at Children’s of Alabama by helping advance research in finding a cure for cancer. http://give.childrensal.org/bestofusWe have Up-Graded Our Discord: Kerry’s Portfolio, Trades and InsightsThis is the new link: https://discord.io/bestofus. It is now organized by topics and will be easier to navigate and communicate.About Me: I am a retired financial planner, sold my business in 2005 and travelled the world. In December 2014 Nita and I lost our daughter Shannon to cancer and I became an angry old man. Nita told me to find something to do or find somewhere else to live.In November 2019 I settled into this YouTube channel, a place where I can share my knowledge with people that want to hear my voice; where I can feel I have a purpose in life. I am no longer angry and I owe that to you. Now I’m building a $25 million digital business, come join me on this adventure.Thank you for what you, my viewers, give me every day.RECOMMENDED VIDEO EQUIPMENT1. Canon EOS M6 Mark II Camera: https://amzn.to/2GJGE132. Rode VideoMic Pro+ Compact Directional On-Camera Shotgun Condenser Microphone https://amzn.to/32g9PRG3. Victiv 72-inch Camera Tripod Aluminum Monopod T72 Max. Height 182 cm – Lightweight and Compact for Travel with 3-way Swivel Head and 2 Quick Release Plates for Canon Nikon DSLR Video Shooting – Black https://amzn.to/2DMRemU4. UBeesize Tripod S, Premium Phone Tripod, Flexible Tripod with Wireless Remote Shutter, Compatible with iPhone/Android Samsung, Mini Tripod Stand Holder for Camera GoPro/Mobile Cell Phone (Upgraded) https://amzn.to/2RaCy4eThe Anti-Aging Supplement that I take: 4 Pack NMN Capsules with Maximum Strength- 500mg- High Absorption Nicotinamide Mononucleotide Supplement- Supports Brain Function & Anti Agingby NMN MAX https://amzn.to/3aG4QNeRECOMMENDED BOOKS (Affiliate Links)1. The Accidental Super Power by Peter Zeihan: https://amzn.to/3dEl9tL2. The Big Nine by Amy Webb: https://amzn.to/2yOJmPe3. Supercharge Your Real Estate Sales by Kerry: https://amzn.to/2WqsUh94. Digital Transformation, Survive and Thrive in an Era of Mass Extinction by Thomas M Siebel: https://amzn.to/3bqSjvx5. DisUnited Nations, The Scramble for Power in an Ungoverned World by Peter Zeihan: https://amzn.to/2yFCpQJ 6. The Future is Faster Than You Think By Peter Diamandis and Steven Kotler https://amzn.to/2LnHu2K7. FIND HAPPINESS BY DISCOVERING Who YOU ARE AND Why YOU ARE YOU by Kerry Grinkmeyer https://amzn.to/2WphaLS8. A Crack in Creation, by Jennifer Doudna and Samuel Sternberg https://amzn.to/3qN2JhIBestofUsInvestors MERCHANDISE:https://www.BestofUsInvestors.com/shop9. A Generation of Sociopaths, by Bruce Cannon Gibney https://amzn.to/3amkNIc10. The Industries of The Future, by Alec Ross: https://amzn.to/30eP3QBBust of Us Investor Tools:TubeBuddy: https://www.tubebuddy.com/BestofUsInvestorsTradingViews: https://www.tradingview.com/?offer_id=10&aff_id=25953

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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