Categories
Retirement Planning

Roth Conversions and the Build Back Better Act [Video]

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, talks about the Build Back Better Act, which was passed by the House on Friday, has provisions related to retirement plans, specifically, IRAs. Adam will discuss strategies involving the Roth and whether or not you should consider a Roth conversion.Learn more about Roth conversions: https://www.irafinancialgroup.com/learn-more/self-directed-ira/what-are-the-advantages-of-converting-a-traditional-ira-to-a-self-directed-roth-ira-llc/About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions.IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial Group, its management, salespersons or IFG’s in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Client with legal, investment, or financial advice. Prior to making any investment decisions, please consult with the appropriate legal, tax, and investment professionals for advice.IFG is not engaged in rendering legal, accounting or other professional services. If legal advice or other professional assistance is required, the services of a competent professional person should be sought. (From a Declaration of Principles jointly adopted by a Committee of the American Bar Association & a Committee of Publishers and Associations.). The scope of Professional Services does not include the costs of any custodian related services.Learn More: https://www.irafinancialgroup.com/about-us/#BuildBackBetter #RothIRA #IRA #RothConversions #MegaBackdoorRoth401k #BackdoorRothIRA #Retirement #RetirementPlanning #Investing #Taxes #TaxPlanning #SelfDirectedIRA #Roth401k

Categories
Retirement Planning

Annuity Options [Video]

When an annuity is coming due you usually have some options. Figuring out which one to choose is not always so easy. Have a money question? Go to jillonmoney.com for all the contact info.We love feedback so please subscribe and leave us a rating or review in Apple Podcasts!”Jill on Money” theme music is by Joel Goodman, www.joelgoodman.com.

Categories
Long-Term Care Planning

How to Control Your Assets from Beyond Masterclass [Video]

Linda is a Investment Advisor at iA Financial Group (Industrial Alliance) Licensed in Securities, Mutual Funds, Life, Disability, Critical Illness and Long-Term Care Insurances (Estate & Retirement Planning). In this Masterclass she talks about Death & Taxes to help her clients ‘control their assets from beyond’.Subscribe and Follow Us to Catch Future our Future Content and Resources:Book your Consultation: https://calendly.com/levesquewealthplanningVisit Our Website:https://levesquewealthplanning.com/contact-us/Facebook: https://www.facebook.com/levesquewealthplanningTwitter: https://twitter.com/LevesqueWealthLinkedIn: https://www.linkedin.com/in/levesquewealthplanning/#deathandtaxes #masterclassmondays #levesquewealthplanning

Categories
Retirement Planning

Self-Directing Your Retirement | Index Funds | 2021 Tax Season | Self-Managed IRA | CPA Huddle [Video]

In today’s video, I have invited my co-host for the CPA Huddle podcast, Eric Pierre. Please click here if you want to listen to our podcast and learn about creating generational wealth, self-managing your retirement, etc: https://podcasts.apple.com/us/podcast/cpa-huddle/id1556305095 Tune in and learn the difference between investing in Index Funds, and self-managing your retirement.Don’t forget to subscribe, like, and comment.

Categories
Financial Planning For Doctors

WCI Podcast #237 – How to Reduce your Investment Taxes [Video]

This episode we are answering questions about investment taxes. There are several things that you can do to reduce your investment taxes including the use of retirement accounts and buying and holding tax efficient investments. We cover six ways to help with reducing those taxes. We talk about when (or if) you should rebalance your portfolio and what to do if you have to recharacterize from a Roth IRA to a traditional. We discuss if it is ever a good idea to do tax gain harvesting and go over what opportunity zone investing is and what type of investors are participating in it. Learn more on how investments are taxed: https://www.whitecoatinvestor.com/taxes-on-investments/This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today by email info@drdisabilityquotes.com or by calling (973) 771-9100.The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you’re a high-income professional and ready to get a “fair shake” on Wall Street, The White Coat Investor channel is for you!Main Website: https://www.whitecoatinvestor.comYouTube: https://www.whitecoatinvestor.com/youtubeStudent Loan Advice: https://studentloanadvice.comFacebook: https://www.facebook.com/thewhitecoatinvestorTwitter: https://twitter.com/WCInvestorInstagram: https://www.instagram.com/thewhitecoatinvestorSubreddit: https://www.reddit.com/r/whitecoatinvestorOnline Courses: https://whitecoatinvestor.teachable.comNewsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter00:00 Introduction02:27 Reducing Your Taxes09:00 Rebalancing Your Portfolio11:47 Recharacterizing Roth Contributions15:12 Inheritances23:06 Tax Gain Harvesting26:06 Opportunity Zone Investing31:07 Interview w/ Cory Fawcett43:01 CRTs & Estate Taxes46:24 Wrap-Up

Categories
Retirement Planning

401k Strategies that will Blow your MIND [Video]

Everything that you need right here for you! https://linktr.ee/MJKYoutubeThe Crypto IRA Page at Directed IRA: https://directedira.com/cryptocurrency/Mind-blowing strategies that you can use TODAY with your 401k! Mark and Mat expand all of the fundamental strategies that get your 401k running like a well-oiled machine. Learn more at www.mainstreetbusiness.comI 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 or setting up your S-corp 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!” and please subscribe to see more!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

Categories
Retirement Planning

How Is Beneficiary IRA Taxed? #shorts #retirement #taxes [Video]

How Is Beneficiary IRA Taxed? #shorts #retirement #taxesClick Here For More Retirement Planning Videos: https://bit.ly/3wH3mgbFull Video Here: https://youtu.be/eMbfz0hrQdUHow Do Inherited IRA’s work? || When Must Inherited Ira Distributions Start?In this video, I want to talk about how inherited IRA’s work for non-spouse beneficiaries. If you are someone who has an inherited IRA from someone who is not your spouse, you have 10 years to distribute the entire IRA account and pay the taxes. This new rule went into place after the SECURE ACT was signed late in 2019. Now, if you had an inherited IRA BEFORE Jan 1 2020, the old rules for distributing your inherited IRA are still in effect. Let me give you the old Inherited IRA rules first, and then we will discuss the new inherited IRA rules and when must inherited ira distribution rules start.Old Inherited IRA Distribution Rules (Pre Jan 1, 2020):1. 5 Year Rule-You can take 5 equal distributions from your inherited IRA over 5 years2. Stretch Option-You can stretch the inherited IRA over your lifetime and take a calculated Required Minimum Distribution (or RMD) from the inherited IRA every year over your life (If you pass away and your inherited IRA is inherited by your beneficiary, they then must distribute the entire balance in that year).New Inherited IRA Rules (Post Jan 1, 2020)1. 10 Year Distribution Option-You must distribute the inherited IRA over a 10 year span. Does not matter how you distribute the inherited IRA, it just needs to be distributed over 10 years and the taxes paid. There are 3 exceptions to the 10 year inherited IRA rule:1. A Special Needs Trust Inherits the IRA (No 10 year rule)2. You are disabled or Terminally Ill (No 10 year rule)3. Minor (You are a minor child of the deceased)Now that we understand HOW the inherited must be distributed, let’s talk about the taxes on the distributions from the inherited IRA. If you are on Social Security or Medicare, you want to make sure that you are monitoring your inherited IRA distributions so not to effect your Medicare taxes (IRMAA Tax). If your retirement income exceeds certain levels, your Medicare part B premium can be increased over a 12 month period only coming down once you file your next years tax return and show lower income. That is why it is so important to do tactical tax planning if you inherit an IRA from a non-spouse when you are on social security or Medicare. Another situation to be aware of is if you inherit an IRA when you are working. Any distributions you take out of the inherited IRA could push your traditional income into another tax bracket (meaning you pay more taxes) and could push you above the allowable limit for contributing to retirement plans. Again, that is why it is so important to do tactical tax planning if you have an inherited IRA.If you have an inherited IRA and want to make sure that you are being the most efficient with your taxes, investments, and overall distributions with your inherited IRA, contact me at https://pearlwealthgroup.com/contact/ and let’s discuss ways to navigate your inherited IRA and the taxes involved. Click Here to Subscribe: https://bit.ly/3wH3mgb**Free Retirement Download: The Roadmap to Retirement:**https://yourfinancialekg.com/#download

Categories
Retirement Planning

Roth Conversions – Video 2 [Video]

Welcome to the second video in the Roth Conversion series. Are you looking for a tax-free retirement income? A Roth conversion strategy can be used to pay taxes now and avoid tax bills later when your income may be lower, or taxes may be higher. Think a Roth conversion is right for you? The first step is to consult with a financial professional like myself, who can help you analyze how a Roth may fit into your whole financial picture.Greg Lavelle, MBARegistered Representative Financial Square & RetirementAdvisers.net195 Park Ave, Worcester, MA 01609Registered Representative offering securities through Client One Securities, LLC Member FINRA/SIPC. Retirement Advisers and Client One Securities, LLC are not affiliated.Branch Address: 195 Park Ave Worcester, MA 01609 Branch Phone Number: 888-637-3847

Categories
Retirement Planning

The Planning Benefits of a Roth IRA Have Never Been Better! [Video]

The planning value of a Roth IRA has never been greater. The benefits allow you to manage your tax situation in retirement and transfer tax advantaged wealth to your kids or grandkids. Today we will discuss:(Click on the time stamp to skip ahead)0:00 – Intro1:14 – The scale of the potential impact this can have3:05 – How having tax-advantaged savings can help you in retirement.5:37 – How the SECURE Act made Roth IRA’s more important for wealth transfer7:10 – The significance of this for younger workers.For more information about this topic, please visit: WEB ADDRESS HERE