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People who are near the retirement age and are unable to work due to a disability have more than one option when it comes to receiving benefits to help them get by. The Social Security Administration (SSA) provides disability benefits to workers who are too disabled or injured to work. They also provide an option to workers who are near the age of retirement but are too young to receive their full retirement benefits. If you are in this position, it is important to learn about both types of benefits and whether a combination of both would be most beneficial for you.Learn more: https://www.thegoodlawgroup.com/blog/ssd-benefitsearly-retirement-or-both/__________________________________________________________________Social Security Disability Benefits – Learn more/free case evaluation: https://www.thegoodlawgroup.com/ssdi/Supplemental Security Income benefits – Learn more/case evaluation: https://www.thegoodlawgroup.com/ssi/Learn more about all of the social security and disability legal services our firm offers: https://www.thegoodlawgroup.com/ssd-services/Learn more about how we can help with hernia mesh lawsuits: https://www.thegoodlawgroup.com/hernia-mesh-attorneys/__________________________________________________________________At the Good Law Group, our staff understands how difficult it can be to apply for SSD or SSI benefits. We work tirelessly to help you obtain all the necessary documentation, meet all related deadlines and complete your application in a manner that best demonstrates your need of and eligibility for disability benefits from the SSA.While we offer you the experience and knowledge of a large firm, we provide you with the personal service you would expect from a small one. We take the time to listen to your story and understand your specific health conditions before offering our thoughtful advice on your eligibility and the potential benefits you may expect to receive.Since no two cases are alike, we work hard to address your unique situation so that we can help you obtain the financial assistance you need from the Social Security Administration. With over 30 years of experience, we handle all levels of your SSD/SSI application including federal appeals.The Good Law Group847-577-4476Info@TheGoodLawGroup.comwww.TheGoodLawGroup.com800 East Northwest Highway, Suite 814 Palatine, IL 60074
AAM Fee-Only Financial Planning and Investment Advisorywww.aamllc.com (616) 531-5220leading fee-only financial advisor in Grandville, MIhttps://youtu.be/Lzr7Y1vxQmM
Hasshtags (Ignore)Simply put, an annuity is a contract between you and an insurance company. It is designed to protect and grow your moneyHere are some reasons you might want to consider purchasing an annuityProtection and growth: You want to grow your money while protecting all or some of it from loss.Tax-deferral: You want to take advantage of tax-deferred growth.Retirement income: You want to turn the money you’ve saved into a regular paycheck for a specified number of years or for life
With the CARES Act of 2019, this was, for most non-spouse beneficiaries, changed to a 10-year period following the year of death, by the end of which the entire account
IRAs and other traditional retirement plans are designed to be left untouched until you retire. But what if you need cash flow for significant expenses? Should you make an early withdrawal? Your IRA has a hidden penalty you probably didn’t even know existed—think about that for a second. Are you willing to pay the penalty? Tune in to today’s discussion that covers 3 key aspects of your IRA so you can fully understand how much you pay in penalties when you put your money where it should not be. Education – What are the facts?Mindset – Are you terrified of your ability more than the penalty?The Financial Aspect – What is the math behind this thing?If you want better control of your future, join the Wealth Without Wall Street Community: https://www.wealthwithoutwallstreet.com/communityTake advantage of a Free Financial Strategy Call: https://www.wealthwithoutwallstreet.com/freecallDiscover Your Path to Financial Freedom: https://www.wealthwithoutwallstreet.com/pathJoin the Passive Income MasterMind: https://www.wealthwithoutwallstreet.com/club200—Want to go even deeper into the conversation? Join our IBC Inner Circle Group membership and gain access to our live podcast recordings, interactive Hot Seat guests on the topics, and exclusive Q&A sessions with other members and our coaches. Join here: https://wwws.link/inner-circle-sign-up—YT Questions:0:07 – What do you think is the penalty of not having clarity of what it would be like when you’re financially free?01:40 – What would you tell someone concerned about not knowing what to do? How could they get the answers?08:54 – Why are we talking about paying the penalty with my IRA?13:41 – What is something that many people may not even know about their IRA or qualified plan?22:18 – What options do I have? Is the penalty worth it?23:12 – What would you say to someone struggling with thinking about a penalty as it relates to exiting the Wall Street game?26:44 – Do you think the words Early Withdrawal Penalty was put in there for a reason?29:45 – Are we saying someone should absolutely 100% cash out their IRA and start investing?33:30 – What is an example of how this makes sense mathematically?38:25 – From a financial standpoint, you have experienced taking money from your IRA. Talk about why that was beneficial for you. 42:16 – How much can I write off against my taxes with the cost segregation depreciation when it’s bought within an IRA? How much of the payments can I write off on the mortgage?42:57 – If you’re using your IRA and making 50% returns, what will happen come tax day when you need access to your IRA money as you retire?-🎧 #ListenNOW to the full episode of the podcast here 👉 www.wealthwithoutwallstreet.com/podcast/round-table-paying-the-penalty-with-my-ira-🔥 Check out our Top Rated podcast Wealth Without Wall Street 👉 https://www.wealthwithoutwallstreet.com/podcastDon’t forget to subscribe to our YT channel by clicking the subscribe button so you can be notified each time we post new episodes weekly! https://www.youtube.com/c/WealthWithoutWallStreet-#WealthWithoutWallStreet #infinitebanking #FinancialFreedom #InfiniteBankingConcept #IBC #InfiniteBankingSystem #FinancialindependenceRetireEarly #FIRE #money #entrepreneurship #PersonalFinance #Financialindependence #PassiveIncome #business #investing #Investment #RoundTable #Podcast #Podcasting #PodcastShow #PodcastGuest #PassiveIncomeIsReal #PassiveIncomeStream #FinancialStrategy #FinancialEducation #FBreels #instagramreels #Shorts
Student Loan Forgiveness worth $10,000 – $20,000 has just been passed via by President Biden for about 43 million people. What type of stimulus programs and help for people might be next? In this video we discuss what could be coming next as we examine what’s been discussed and what types of things have been done in the past. 💥 Make Sure to watch this video all the way to the end for all the details, and let me know your thoughts in the comments! New Video Updates come out Every Day at 10am, 3pm, and 8pm EST / Eastern Standard Time. Make sure to click the Subscribe button below and then click the bell icon to “All Notifications” so you get reminder notifications for new videos! It’s FREE to Subscribe & this way you won’t miss out on new videos!Stimulus Package Update , Fourth Stimulus Check Update Today 2022, Gas Stimulus Checks, Daily News Update, and IRS Tax Refund 2022 Update. Welcome to today’s Fourth Stimulus Package Update and President Biden has confirmed there will be another stimulus package after this one! There are lots of items that could be in this next stimulus package like a Fourth Stimulus Check, Gasoline Stimulus Checks an extension of the Child Tax Credit Monthly Check Payments of $250 to $300 per month per child. The President already passed $10,000 – $20,000 of Student Loan Forgiveness 2022 and Student Debt Forgiveness via Executive order also more could be coming via Adult Tax Credit, $2400 Social Security Raise, Extra SNAP Food Stamps EBT Benefits, Medicare coverage to include Dental Insurance, Hearing Insurance, and Vision Insurance, a $25,000 home buyer credit, mortgage and rent assistance, utility and property tax assistance, $10,200 unemployment tax refund and more coming. President Biden also passed multiple executive orders already and said there is more to come.There are also states and cities are passing stimulus checks and rent assistance like the California stimulus check update, the Golden State Stimulus Program where California just announced $1,050 stimulus checks to over 23 million people and other states have State Tax Rebates called and are announcing new stimulus checks and programs like this in the near future. In addition to 4th stimulus check update there are proposals for social security stimulus check and for a social security increase for 2023 benefits, ssi, ssdi, and railroad benefits by $200 EXTRA per month or $2400 per year social security changes and also an unemployment update of benefits. Also tune in for more info about the new stimulus check update and what the new administration plans to do with the new $2000 stimulus check update and info on your tax refund 2022! Also we have some major elections coming up soon in several states like in California for Governor Gavin Newsom, in New York for Governor Kathy Hochul, in Texas for Governor Greg Abbott, and Florida for Governor Ron Desantis among many other major states in the US. As well as elections for congress for all of the seats in the House and about 1/3rd of the Senate.VIDEOS TO WATCH NEXT:⚡️ New video about $2400 Social Security Raises – https://youtu.be/G0bFJEL7ivk✅ You can get Rent Assistance and get your rent paid for up to 12 months from the government from the last package! – https://youtu.be/fdgf_0Pd0ik🔥 Homeowners Assistance Fund Video – https://youtu.be/NzXYwHEhSkU✅ How to get Utility Assistance is mentioned in this video – https://youtu.be/ohjxsZztvZ0✅ This video shows how you can get a $6,600+ irs tax refund through the adult earned income irs tax credit – https://www.youtube.com/watch?v=bZspnY2hmlo💥 Most recent video on a new $25,000 home buyer mortgage grant – https://youtu.be/pOYaUcs7QII✅ Want to learn how to start a business selling products on Amazon FBA? Watch these videos in order to the end and the next video will auto play teaching you how – https://www.youtube.com/playlist?list=PLXAQ7RfyJqsRVkMF1E01T11UA0bvPVTGx🔔 Make sure you subscribe to this YouTube Channel and hit the bell icon so you don’t miss out on new upcoming videos its free! I also have videos about: Personal Finance | Becoming an Entrepreneur | Investing | Investing for beginners | Stock market investing | 401k and Retirement Planning | Stocks for beginners | Gold Investing | Silver Investing | Business ideas | Mortgage rates | Home Loans | Passive income | Life insurance | Car insurance | Ways to Make Money from Home | Turbo tax refund for 2022Other videos you should watch next:✅ Video of my wife and I receiving our award from Youtube! : https://youtu.be/6zqsZLqVIEcBEWARE of people pretending to be me in the comment section and people trying to TRICK YOU in the comment section! I won’t ask for you to call or text me in the comments if you see anything like that its fake, and its not me! So beware and don’t give your personal info to anybody!Thanks for watching my youtube channel: the its Jimmy Show, or it’s Jimmy, aka it is Jimmy, and the stimulus check update Jimmy 🙂
Today on Your Money, Your Wealth® podcast 397, a compilation of some of the retirement plan spitballing from Joe Anderson, CFP®, and Big Al Clopine, CPA specifically for those in their 40s and 50s – a critical time on the path to retirement. Is your financial plan set up so you pay as little tax as possible? Does it take volatile markets and potential future tax increases into account? Have you got a strategy nailed down for Roth conversions, or backdoor Roth, or pension options? Maybe you’re making big decisions about what to do with your money between now and when you retire, like buying a house vs. saving for retirement? Are you comfortable with the retirement lifestyle you’re creating? Do you know what you’ll do with your time once you’re permanently off the clock? Visit the podcast show notes to access free financial resources and transcript, and to Ask Joe & Big Al On Air: https://bizlink.to/ymyw-39700:00 – Intro01:13 – Should I Get a Roth IRA Even Though I’m Highly Taxed? (Laura, Los Angeles – from ep. 335)03:40 – Roth Conversion, Roth Contribution, AND Backdoor Roth All in the Same Year? (Ben, Fargo, ND – new!)05:31 – How to Strategize for Future Tax Increases? (Susan, Atlanta – new!)09:27 – When the Market Tanks, Is It Smart To Do Roth Conversions to Higher Brackets? (Mike – from ep. 375)17:39 – Schedule a free assessment with any one of our experienced financial professionals: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW18:38 – Save for a Home or Save for Retirement? (Abigail Scott Duniway – from ep. 389)26:20 – Psychology of Retirement: I’m Paralyzed By Not Earning and Saving (Jim, IL – from ep. 361)34:55 – Download the Retirement Lifestyles Guide: https://purefinancial.com/white-papers/retirement-lifestyles-guide/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW35:44 – Roth 457 vs. Roth IRA and Pension Options #RetirementSpitball (Clay, Westerville, OH – from ep. 377)Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Office locations: https://purefinancial.com/why-pure/locations/Ask Joe & Big Al On Air: https://purefinancial.com/ymyw/ask-joe-and-al/Subscribe to our YouTube channel: http://bit.ly/YMYW-YouTubeSubscribe to the Your Money, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=yIMPORTANT DISCLOSURES:• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor.• Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations.• Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.• Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.• All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy.• Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.CFP® – The CERTIFIED FINANCIAL PLANNER™ certification is by the Certified Financial Planner Board of Standards, Inc. To attain the right to use the CFP® designation, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. Thirty hours of continuing education is required every two years to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.#RetirementSpitball #BackdoorRoth #RetirementPodcast
Understanding the ROTH conversion process.
Many investors, especially those in retirement, have a rational preference for investments that provide dividends and income at higher rates than a market portfolio of stocks or both stocks and bonds.