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You've neglected Box 4 on the 1099-R form: Withholding. Why not include a 30% withholding with the main distribution out of the same 401K account for taxes?

7:47 oh please 20% roi investments are easy for an average joe, bank bonuses, example: deposit 10,000 keep it in a new account for 3 months and get $500-181.25= 12.93% rate of return pre tax interest or effective 20.28% rate of return with relatively 0 risk before tax deductible 🤷🏾‍♂️

My current SBLOC interest rate is 7.25% or prime- 1.35% I’m cool with this on m1 and I’ll probably never switch because of the low $2,000 barrier of entry

Sharon, I want to say I really like your channel and am always learning something valuable in your videos. That said, I slightly disagree with you regarding traditional banks. They're leveraging 90% of our hard earned money deposited in them. They invest on the margin in cash value life insurance policies and other more lucrative instruments. We've been conditioned to use them for almost all our financial needs but we can do so much better.

So this is only for people who owns their own business, not employees? The rest of us are screwed?

You can withdraw from roth what you contributed that year. But you'll have to pay taxes on it. This is still pretty good if you max it right away and really need to access those funds (emergency fund)

Keep the videos coming!!

Is 1099 worth it if your company provides amazing benefits?

Why not invest in roth ira? If I'm not an accredited investor I don't have the capital to get an investment >10%. Also I can get a loan from my 401k orSBLOC from my IRA.

Lol, an old argument of mine with many people. Your home is a liability. It is not an asset. BUT, it is the one liability where there is no wrong choice. Its perfectly fine for the emotional aspects to sway the choice. If they want to grow old with their spouse in a house filled with memories like the old guy in the movie UP, then go for it. Even Warren Buffett has a house. Now iif you buy a house you cant afford….well, thats your wrong choice.

I come here to balance my views after watch Dave Ramsey

I can’t wait to meet you in person one day.. you will be my mentor ..

Understanding math is good for financial freedom.

Excellent, thank you for the wisdom. You are making difference.

Well said, thank you. As a boomer, I grew up hearing all those analogies. Listening to different viewpoints helps to manifest a better life. If that makes sense.

Good afternoon coach!!

I dont think crypto will be classified as an investment asset in the future. there have been scotus rulings in favor of it being treated as currency. which means there wouldnt be a step up in basis for your heirs

Thank you so much for this informative video Sharon. Could you please explain the last part of the video, the table, In state personal return tax calculation, how did we arrive at $25,000 state personal income tax due. Can the entire PTET tax be taken as credit. Suppose the state personal income tax due is 35,000, Tax due ( 35000-25000= 10000) is this correct. Can you give example of both federal 1040 and CA 1040 of the partner. So that it would be more clear..

I am confused. If I get sued, and I cannot make distributions because if I do, they go to the creditor, what did I gain? The money is there but I cannot access it. I honestly do not understand how this is a benefit.

Everybody wants to be a moocher. Let the working class pay for all those infrastructures and services we use every day.

I’m having a hard time understanding the “never pay it off” strategy. Presumably the lender wants to make their money at some point. Is it just up to your heirs to pay it off with their inheritance? Will banks just lend you money forever and not ever expect anything in return?

What real estate fund are you talking about that is tax efficient?

This is very well articulated and explained. Thank you! One question: if one moves his passive investment (e.g. stocks/bonds/mutual funds) from his investment account under his own name to a WY LLC owned by him, is the distribution considered taxable income to him in the year he takes a distribution? If so, that tax will be additional tax that he wouldn’t have to pay if he simply left the investment account under his own name. Is that right?

I've just watched 4 different videos on landlord insurance and yours was the best! Thank you so much ma'am!

So you've got to have a considerable sum of money to even toss your hat in the ring so to speak. Good to know. I can now save myself a lot of valuable time by moving on from this channel thanks!

So much value in this video thanks 🙏

How can we get educated? What are the classes and books we need to become competent? How many hours per day or how many hours of study in total is needed for someone to not absolutely maximize but to just be able to handle their investments better than paying that 1.5% per year fee to a financial planner/advisor?

What about keeping all of your assets in a trust. Seems to me that passing your assets to heirs is much easier in a trust. But then the trust owns the asset and never dies. Does the step up in basis never come into play with a trust?

Where do you find a bank that takes these low interests? Currently the lowest one I can find in the German region takes 5.25%. And you CANNOT EVEN deduce this from your tax as a private investor, according to German law.....

Great video! Just wondering. If founders or early employees buy shares through a Roth IRA, they become “disqualified persons” right?? Therefore, these people are unable work on the day-to-day activities of the company?? Is that correct? So was Peter Thiel able to work at PayPal in any capacity??? Thanks for any insights.

Love your videos. Great info. Thank you

Quick couple of questions: Do these same exact concepts apply if i’m setting up an LLC as a non-US resident? Also, I understand you don’t get taxed on non-US clients but for US clients, how much is the tax rate?

Asset Allocation Part 7 ▶ ruclips.net/video/i80tcF2DYvc/видео.html

It seems that if margin loan rates are 7 to 14%, eventually, you would be paying more in interest than the taxes if you use the loan proceeds to fund your lifestyle?

Does investing in stocks count as business investing?

Thx.🎉🎉🎉

Hi Sharon. Thanks for the content. I wish I had learned it 20 years ago instead of in retirement. Question, what do you think about IUL and whole life insurance? Is it a topic you address? It's presented as an advantageous strategy.

Hey Sharon ! I loved this video . I work with entrepreneurs like you who have under 10k subscribers to help them to grow to 100k subscribers in under 12 months with proper systems . I actually helped Chirag to achieve 92k subscribers in under 11 months . Could I do a free audit to see if I can help you do the same ? I just think it's really important that more people see your content and want to help you on that mission .

Never heard of private real estate & syndication until you thank you

Absolutely LOVE your content. Can’t find it anywhere else. Been binging your videos and have taken your course on Deal Flow for Investment Funds. Question: you mentioned in this video at the 9 minute mark that you have a strategy you’ve implemented for becoming a passive business owner for your passive investments. Do you talk about this in more detail in another video or course? Thanks! And all the best to you!

Wish i could hire this brilliant chick to be my accountant, mine sucks.

Good afternoon coach

Thank you for this video! Can you please do a video using this strategy with high yield dividend ETF such as :YieldMax, Defiance, Roundhill etc. ? The Yield on these covered call ETF can range from 20% to 100% or more.

You explain everything very clear. Thank you

This strategy as presented here would definitely appeal to many people, women especially appreciate this cute and simple presentation. You're however omitting a lot of important details. You present it like BBD can be done in one afternoon and for ever after people can draw money out and spend as they please. You've heard of some phrases and it's helpful that you mention them here and there to introduce people to them. 1. Wealthy can do BBD because they have massive inter-generational assets to borrow against. People started big businesses like Besos and Musk can do BBD because they can get more equity(shares in the business) in lieu of salary to avoid income tax 2. BBD best works for real estate assets. Borrowing long term against stocks is too expensive and high risk. Interest rates for lending against shares is much higher and "Margin Call" can come at any moment giving less than 24h notice. BBD also works well for rapidly appreciating assets. 3. You don't amplify interest needs to be paid on borrowed amounts 4. If you can borrow max 50% of your assets then use it to invest in another asset then borrow again 50% of that, then overall you've borrowed maximum 75% of your total assets plus a lot of fees taking out two loans plus created 2 sources for dreaded margin calls

Been doing this for the last 65 years. Do rentals first. Get double tax exemptions. Quadruple tax write-off, if one counts #1 Deprecation (really only good for 10 years because of inflation, basis do not change) #2 Loan interest is tax deductible, even on commercial RE. #3 Low cost rentals often are RE taxed less (depending on region). #4 Repairs, materials, utilities, management, RE taxes, all write-offs. In my retirement, (I'm 89) Farming has all the benefits of low cost residential plus more AG tax benefits then I have room for here.

Great info. Sub & Follow! Keep it coming!!

I dont see anywhere that they have sny comissions at all

Isnt tgere a fee to transfer positions? Costs more than commissions.

So if you had a SBLOC and you used dividends to pay the interest and principal each month do you pay taxes on the dividends used to pay back the loan ?