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Retirement Planning

No Hospitalization, No Funeral, No Burial: Woman Formerly Of Clairton Accused Of Dismembering Husbands Body, Collecting His Benefits CBS Pittsburgh [Video]

A 69-year-old woman is accused of defrauding Social Security for years after she allegedly dismembered her dead husbands body.

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Retirement Planning

Social Security and Retirement [Video]

In this week’s Financially Fit Allen Dembski and Taunya Abaya discuss the impact of social security and retirement. There is a lot of confusion with social security and at what age you should start collecting your benefits. We discuss various scenarios. Please reach out if you have any questions. #socialsecurity #socialsecuritybenefits #retirementplanning #financialplanningBuffalo #socialsecurityBuffalo

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Retirement Planning

How to Pay the Tax on a Roth Conversion – Your Money, Your Wealth® podcast 349 [Video]

Today on Your Money, Your Wealth® podcast 349 with Joe Anderson, CFP® and Big Al Clopine, CPA, learn the basics of Roth IRA conversions, how to calculate tax on your Roth conversion tax, and when you need to pay the tax, and more. Plus, ideas for what to do with unused 529 plan education savings, rules for 401(a) accounts, explaining the alternative minimum tax, the latest tax proposals, calculating employer solo 401(k) contributions – and that’s just the tip of the iceberg. Visit the podcast how notes for free financial resources and to Ask Joe & Al your money questions: https://bizlink.to/ymyw-34900:00 – Intro00:56 – Calculating Paying Roth Conversion Tax (Liza, San Diego)10:32 – Paying Roth IRA Conversion Taxes (Tammy)12:19 – Schedule a Free Financial Assessment: https://purefinancial.com/lp/free-assessment/?utm_source=youtube.com&utm_medium=podcast&utm_campaign=YMYW13:10 – Backdoor Roth IRA Basis & Paying the Tax on a Roth Conversion (D, Irvine)22:51 – Roth 401(k) Contribution Strategy (Jennifer, Philadelphia, PA)32:02 – What Should I Do With Left Over 529 Money? (podcast survey)34:05 – Are There Special Rules for 401(a) Plans? (podcast survey)37:03 – Can You Have Too Much Money in Ally Bank-Like Accounts? (podcast survey)38:20 – How Should I Calculate Employer Solo 401(k) Contributions When Income Varies? (podcast survey)39:43 – Could Big Al Please Explain Alternative Minimum Tax (AMT)? (podcast survey)41:19 – Any Tax Law Changes That Impact Retirement Income Strategies and Estate Plans? (podcast survey)42:45 – Cryptocurrency Taxation: Treat Like Additional Income or Not Include It at All? (podcast survey)44:48 – Does Income From Investments Affect My Tax Bracket for Roth Conversion Purposes? (podcast survey)Schedule a free assessment with any one of our professionals, either online or at one of our financial planning offices in San Diego, Brea, Irvine, and Woodland Hills, California: http://bit.ly/PureAssessmentSubscribe to our YouTube channel and stay tuned for the next episode of the Your Money, Your Wealth® TV show: http://bit.ly/YMYW-YouTubeSubscribe to the YourMoney, Your Wealth® podcast: https://link.chtbl.com/ymyw?sid=yIMPORTANT DISCLOSURES:• Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor.• Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their 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. AIF® – Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually 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.#RothConversion #RothIRAConversion #RetirementPlanning

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Retirement Planning

Don’t Drop the Bag…..Start This! #theintentionalmillionaire #rothira #millionaire [Video]

Don’t Drop the Bag…..Start This! Named after the senator who championed the plan, a Roth IRA is a type of Individual Retirement Account (IRA) that helps you save for retirement with certain tax benefits. Those tax advantages are one of the key things that differentiates retirement accounts from regular investment accounts and makes them such a powerful tool for building wealth.(1) TD Ameritrade – https://www.tdameritrade.com/why-td-ameritrade.html?adch=aff&CID=CJ2929746&cjevent=7d1357d7360f11ec839d60540a82b82a&dclid=CIOegruV5_MCFSjPKAUdZOwH8w(2) Fidelity Investment – https://www.fidelity.com/go/special-offer?ransiteid=SWlnSnn6x54&immid=100835&imm_pid=316853469&imm_aid=a509382230&dfid=&buf=99999999&dclid=CI2p07GW5_MCFXfblAkd1isKvw(3) E*Trade – https://us.etrade.com/what-we-offer/how-it-works/promo?ch_id=A&s_id=NerdWallet(4) Vanguard – https://investor.vanguard.com/ira/roth-ira(5) Charles Schwab – https://www.schwab.com/ira?src=SEM&ef_id=CjwKCAjwq9mLBhB2EiwAuYdMtayMy3xjUFvkeaw_9uZF1mqQRIjgkcyY0VkCbMeXISfqeR5qqAxT0hoCms8QAvD_BwE:G:s&s_kwcid=AL!5158!3!475682695633!e!!g!!charles%20schwab%20roth%20ira!11097055148!114636040200&keywordid=kwd-298894655001&gclid=CjwKCAjwq9mLBhB2EiwAuYdMtayMy3xjUFvkeaw_9uZF1mqQRIjgkcyY0VkCbMeXISfqeR5qqAxT0hoCms8QAvD_BwECASHAPP:Want to buy The Intentional Millionaire alkaline water?!https://cash.app/$theintentmillionaireEmail: theintentionalmillionaire@gmail.comDISCLAIMER NOTICE:Disclaimer: Everything here is for informational purposes only and not for the purpose of providing financial, tax advice or any life changes. You should contact a licensed professional to obtain advice with respect to any particular issue or problem. Nothing here should be construed to form any client relationship.#theintentionalmillionaire #networth #millionaire

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Retirement Planning

Future Value of an Ordinary Annuity & Annuity Due. [Video]

In this session, explain the future value of money both ordinary annuity and annuity due.Are you a CPA candidate or accounting student? Check my website for additional resources such exam questions and notes:https://farhatlectures.com/Connect with me on LinkedIn:https://www.linkedin.com/in/professor…Instagram Account: @farhatlecturesFacebook: @accountinglectures Twitter: @farhatlectures Email: Mansour.farhat@gmail.com#CPAEXAMreview #CPAREVIEW #youcanlearnanything

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Retirement Planning

What Is The Problem for Million Dollar IRA Owners? Part 2 [Video]

In this video, Jim Lange further discusses the main financial problem facing Million Dollar Plus IRA and Retirement Plan Owners in regards new taxes, including the SECURE Act. Go to https://paytaxeslater.com/webinars to register for Jim’s upcoming FREE retirement virtual events!For more information go to https://paytaxeslater.com/ and join our mailing list to get regular beneficial information to aid in your retirement.

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Retirement Planning

How to Track Your Retirement Accounts: TFSA & RRSP / IRA & ROTH IRA (Easy Excel Tutorial) [Video]

This is Part Two of my videos series showing you how to set up an personal finance spreadsheet in Excel similar to the one I use.In this video, I show you how to set up a tab to track your registered (tax-sheltered) retirement accounts: TFSA & RRSP in Canada, ROTH IRA & Traditional IRA in the U.S., etc. This will include tracking the following:- Each contribution and withdrawal in these accounts- Your remaining contribution room for each year- Your all-time gains as dollars and percentages- An easy-to-read bar chart showing how close you are to maxing out your retirement accountsEnjoy! Part One of the series: https://youtu.be/i3KiELf_v0sPart Three is coming soon.00:00 What is this video?00:57 My TFSA & RRSP spreadsheet explained11:39 Tutorial: Setting up the TFSA/RRSP tracker (Roth IRA / Traditional IRA)23:55 Tutorial: Tracking combined Stats of retirement accounts29:17 Tutorial: Bar chart to track your progress maxing out retirement accountIf you want to start investing in index funds using Wealthsimple, like I do, sign up using this referral code and we’ll both get a Free $10 to trade!https://my.wealthsimple.com/app/publi…My video equipment used for this video (affiliate links):Camera: https://amzn.to/3jb4baS35mm lens: https://amzn.to/2VjpZJx20mm lens: https://amzn.to/3loW3GvMicrophone: https://amzn.to/3lkT93JRGB Lights: https://amzn.to/3Ee0GKiKey light: https://amzn.to/3963F9iKey light stand: https://amzn.to/2XaMQYqKey light softbox: https://amzn.to/2YQNriL

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Retirement Planning

Your Course To Retirement: Cornerstone Retirement Partners – CFP® Ron Courser [Video]

10 STEPS TO PREPARE FOR RETIREMENT: – Strategize on Social Security – Run a full analysis to see if there are ways to make more from your benefits. Be sure to give careful consideration to options for timing and survivorship of Social Security and defined benefit pensions. Coordinate benefits to maximize lifetime income. Tune in as Ron Courser walks you through the steps to help you better prepare for retirement.Financial EducationFind out more information about Cornerstone Retirement Partners, request a consultations, or download the resources mentioned in today’s episode by visiting www.cornerstone-rp.comDisclosure:Investment Advisory Services offered through Brookstone Capital Management, LLC (BCM), a Registered Investment Advisor. BCM and Cornerstone Retirement Partners are independent of each other.

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Retirement Planning

Can I buy Gold with my IRA – Satori Traders [Video]

Click this link to get a free Gold IRA Kit https://satoritraders.com/goldco Discover how American investors are safeguarding and securing their retirement savings with physical Precious metalshttps://satori-traders.business.sitehttps://g.page/SatoriTraders?sharehttps://satoritraders.com/precious-metals/gold/ira/convert~Most of the things we need and want in life cost more today than they did when the Dollar was backed by GoldFoodRentthe Median price of a housenew Cars and TrucksEvery day, Americans are suffering the effects of unrestrained money printing and it is only getting worseSo what’s the solution?How can Americans protect and secure their retirement savings from this ongoing loss of purchasing power?~Physical Gold IRA—————————–The Taxpayer Relief Act of 1997 allows investors to hold physical Gold, Silver, and other Precious metals inside individual tax preferred retirement accounts (IRAs). Self-directed IRAs provide tax-preferred ownership for real estate and Precious metals, while traditional IRAs are limited to Stocks, Bonds, and mutual funds. In a self-directed IRA a third-party Custodian holds physical Gold in the investor’s name. This is the same as a traditional retirement account where securities are held by the broker-dealer in the investor’s name. IRA-approved Precious metals include Gold, Silver, Platinum, and Palladium. Two general categories of metal are IRS-accepted: • Coins minted by national Governments • 99.95% or higher Bullion bars and Coins Collectible Coins and Numismatics are not allowed.Home storage Gold IRA————————————–The Precious metals held in a self-directed IRA must be held by a third-party Custodian in order to satisfy the IRS.In a home storage Gold Coin IRA (also referred to as a Checkbook IRA) the investor forms an LLC or other legal entity to act as the Custodian and hold the Precious metals.While this structure complies with IRS requirements, it entails at least two risks.First, the IRS has numerous requirements that a Custodian must meet. The IRA could be deemed invalid if any of these requirements aren’t met. Second, assets can only be moved in and out of the IRA via proper contributions and withdrawals. Because the IRA is stored at home it is tempting to add or subtract physical metal without performing the proper paperwork. Sloppy bookkeeping or a violation of the rules for managing the IRA’s assets could cause the IRS to deem the IRA invalid.And remember that failures to comply with the Checkbook IRA regulations would most likely come out in an audit when it would be too late to fix the issue.If the IRS declares that the home storage Gold IRA is invalid they could assess penalties, back taxes, and interest for all of the years when the IRA was out of compliance.Gold IRA tax rules—————————–Here are the key Gold IRA tax rules to keep in mind:• When funds are transferred from an existing IRA to a Precious metals IRA, the transaction must be completed within 60 days• Only IRS-approved metals can be held in the IRA – Silver, Gold, Platinum, and Palladium • Distributions from the IRA can be taken in cash or physical metal• Precious metals held inside an IRA are NOT subject to the automatic 28% tax rate for collectibles• Capital gains are NOT taxed as gains on collectible items• Distributions from the Gold IRA are treated as ordinary income at the Investor’s tax rate• Investors are allowed to have more than one IRA open – opening a Gold IRA doesn’t affect existing retirement savings accountsGold IRA fees———————-Buying Gold in an IRA involves more fees than an investor pays for a Traditional IRA.Besides the typical account setup and management fees, a Gold IRA will have a fee for storing the physical metal held in the account.Typically the annual storage fee will be less than $200.Another fee which is unique to Precious metals IRAs is the commission paid to a broker for buying and selling the investor’s metal.Some companies waive account setup fees and buying commissions as part of their promotional offer.The selling commissions can be avoided by taking distributions in physical metal instead of cash.Gold IRA reviews———————–Trust is the main consideration for selecting a Precious metals IRA company to deal withYou need to feel comfortable with the company and their CustodianSeeing what actual customers are saying online can provide valuable insight into a company and how they do businessCheck these resources for authentic Precious metals IRA reviews Better Business Bureau (BBB) Consumer Affairs Google Reviews TrustLink Trustpilot