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Planning Before Investing
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Добавлен 20 апр 2022
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Our fiduciary financial services are designed to provide you with a comprehensive and personalized approach to managing your wealth. We prioritize your financial well-being, ensuring that your best interests always come first. We offer three distinct service models to suit your unique needs: hourly consultations, product-specific advice, and full-service wealth management. Attend our FREE LIVE Zoom classes! Each month a different topic will be discussed ranging from annuities, taxes, long-term care, RMD's, estate planning and more.
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Our fiduciary financial services are designed to provide you with a comprehensive and personalized approach to managing your wealth. We prioritize your financial well-being, ensuring that your best interests always come first. We offer three distinct service models to suit your unique needs: hourly consultations, product-specific advice, and full-service wealth management. Attend our FREE LIVE Zoom classes! Each month a different topic will be discussed ranging from annuities, taxes, long-term care, RMD's, estate planning and more.
👨🏫 ATTEND FREE CLASSES
fpfeaz.org/
🗓 BOOK AN APPOINTMENT
www.yourinvestmentcounselor.com
📖 ADDITIONAL RESOURCES
www.sesweb.net
💬 Facebook.com/SecureEstateSolutions
📧 Email Us: contactus@sesweb.net
❔ Questions? Call Us At: (800) 345-3155
Should I Give My Home to My Heirs Before I Die?
#realestate #wealthtransfer #housingmarket #taxation #estateplanning #annuities #financialadvice #propertytransfer #legacyplanning #retirementplanning
Real estate can be a crucial tool for wealth transfer, but the decisions surrounding it can be complex, especially as we age. Watch as Scott breaks down the housing market, the dilemma of transferring property to heirs, taxation considerations, and legal solutions for seamless transfer.
02:10 - Overview of the current housing market
05:25 - Housing cost concerns for aging baby boomers
07:45 - The taxation implications of transferring property
12:30 - Legal solutions for transferring real estate
16:50 - Selling versus transferring real estate...
Real estate can be a crucial tool for wealth transfer, but the decisions surrounding it can be complex, especially as we age. Watch as Scott breaks down the housing market, the dilemma of transferring property to heirs, taxation considerations, and legal solutions for seamless transfer.
02:10 - Overview of the current housing market
05:25 - Housing cost concerns for aging baby boomers
07:45 - The taxation implications of transferring property
12:30 - Legal solutions for transferring real estate
16:50 - Selling versus transferring real estate...
Просмотров: 319
Видео
5 Spring Cleaning Essentials for Retirees
Просмотров 1169 часов назад
#retirementplanning #springcleaning #financialtips #retirementadvice #personalfinance #estateplanning #budgeting #annuities #financialeducation #seniorliving #retirementgoals With the weather getting warmer, now is the perfect time to do some “financial spring cleaning!” Watch and learn as Scott discusses five key areas that retirees should focus on to ensure their financial and personal affair...
Annuities Upgrade Your Old Annuities NOW
Просмотров 16616 часов назад
#Annuities #FinancialPlanning #Investments #Retirement #1035Exchange #UpgradeYourAnnuity #InterestRates In this video, Scott delves into the world of annuities and discusses why upgrading your old annuities might be a smart move. With significant changes in the annuity landscape, it's crucial to understand the options available and how to navigate the process effectively. 1:10 - Understanding t...
State of Social Security
Просмотров 17819 часов назад
#SocialSecurity #RetirementPlanning #FinancialEducation #RetirementSecurity #EconomicAnalysis In this video, Scott investigates the recent Social Security report to Congress, addressing the concerns and misconceptions surrounding the program's future. With so much speculation about its impending doom, it's crucial to understand the facts. 1:15 - Overview of the Social Security report 2:30 - Dec...
How Can I Help?
Просмотров 104День назад
#FinancialPlanning #RetirementPlanning #TaxEfficiency #RothIRA #LongTermCare Welcome to our channel! Are you navigating the complexities of retirement planning or seeking financial advice? Look no further! In our videos, Scott covers a wide range of topics, including tax efficiency, Roth planning, long-term care, annuities, life insurance, RMDs, and Social Security planning. Our channel is dedi...
When to Pull Back Risk
Просмотров 19314 дней назад
#marketvolatility #retirementsavings #financialadvisor #retirementgoals #moneymanagement #financialeducation #longterminvesting In this video, Scott offers practical insights into individual factors that influence risk management, such as savings, withdrawal frequency, risk tolerance, and long-term goals. Drawing from historical events like the 2008 financial crisis and the recent pandemic, Sco...
Keep Sight of Your Big Picture
Просмотров 17521 день назад
#retirementplanning #financialfreedom #investmentstrategies #retirementincomeplanning #financialadvisor Welcome to our latest video where we explore the critical concept of "Keeping Sight of Your Big Picture," which is fundamental to ensuring a stable and fulfilling retirement journey. Scott will also show you how to assess your total financial resources and understand if you have enough for re...
3 Types of Risk You Should Align
Просмотров 13321 день назад
#retirementplanning #riskmanagement #personalfinancetips #financialplanning #investmentstrategy Many investors overlook the importance of understanding their personal relationship with risk, but it's a vital aspect of building a successful investment strategy. In this insightful video, Scott delves into the complex world of financial risk and how it impacts your investment decisions. 00:58 - Ri...
Top 10 Strategies to Minimize Taxes in Retirement
Просмотров 13 тыс.28 дней назад
#RetirementPlanning #FinancialFreedom #taxfreeretirement #WealthManagement #FinancialEducation In this video, Scott discusses the top 10 strategies for minimizing taxes during retirement. Tax planning is a crucial aspect of retirement planning, and understanding these strategies can help you keep more money in your pocket! 00:43 - Qualified Longevity Annuity Contract 02:00 - Borrowing from Perm...
Top 5 Ways to Build Wealth in Retirement
Просмотров 409Месяц назад
#RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #FinancialEducation In this video, we delve into the top five strategies to build wealth for your retirement. We'll break down each strategy with real-world examples and simple explanations to help you understand the importance and impact of these app...
Creating Guaranteed Income
Просмотров 382Месяц назад
#RetirementPlanning #annuities #RetirementGoals #deferredincome #FinancialEducation In this informative video, we delve into a crucial aspect of retirement planning: guaranteed income. Join us as we explore the often misunderstood world of income annuities and how they can be a valuable asset in your retirement portfolio! 00:50 - Why Deferred Income Annuities? 11:39 - How They Work 17:49 - How ...
Why are Annuities SO Attractive Right Now?
Просмотров 456Месяц назад
#annuities #FinancialFreedom #risktolerance #WealthManagement #FinancialEducation In this video, we delve into the skyrocketing popularity of annuities among individual investors. With $380 billion in annuities sold last year alone, it's evident that these financial products are capturing the attention of many. Join us as we explore the reasons behind why fixed indexed annuities are becoming th...
The Simple Secret to a Comfortable Retirement
Просмотров 484Месяц назад
#RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #FinancialEducation In this video, join us as we delve into the secret to ensuring a comfortable retirement. Drawing from years of experience working with retirees, Scott unveils the key to balancing income and savings. Discover why having too much income can lead to inefficiency in retirement due to excess taxation, while...
Can I Retire?
Просмотров 244Месяц назад
#RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #FinancialEducation #RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #FinancialEducation #RetirementPlanning #FinancialFreedom #RetirementGoals #WealthManagement #FinancialEducation Are you pondering retirement but feel overwhelmed by the financial uncertainties? Join us as we delve into the intrica...
Are Health Saving Accounts the Answer to Rising Costs?
Просмотров 124Месяц назад
Are Health Saving Accounts the Answer to Rising Costs?
10 Things that will Blow Up Your Retirement
Просмотров 478Месяц назад
10 Things that will Blow Up Your Retirement
5 Steps to a Successful Handoff to Your Heirs
Просмотров 164Месяц назад
5 Steps to a Successful Handoff to Your Heirs
Can Debt Actually SAVE Your Retirement?
Просмотров 2772 месяца назад
Can Debt Actually SAVE Your Retirement?
3 Things That Annoy Me About the Financial Advisory World
Просмотров 2192 месяца назад
3 Things That Annoy Me About the Financial Advisory World
The Tale of Two Brothers - How Retirement Can Differ For Each Person
Просмотров 6092 месяца назад
The Tale of Two Brothers - How Retirement Can Differ For Each Person
Here's What to Know about the 2024 IRMAA
Просмотров 3332 месяца назад
Here's What to Know about the 2024 IRMAA
Do You Know The 11 Types of Income the IRS Doesn't Tax?
Просмотров 526 тыс.3 месяца назад
Do You Know The 11 Types of Income the IRS Doesn't Tax?
These Are Retirees Biggest Purchase Regrets!
Просмотров 7273 месяца назад
These Are Retirees Biggest Purchase Regrets!
State Wealth Taxes | Do You Know How This Applies to You?
Просмотров 1,2 тыс.3 месяца назад
State Wealth Taxes | Do You Know How This Applies to You?
Greyson's Market Update: Government Spending is Red Hot
Просмотров 863 месяца назад
Greyson's Market Update: Government Spending is Red Hot
I Love Getting a Tax Refund, But You Shouldn't. Here's Why
Просмотров 1523 месяца назад
I Love Getting a Tax Refund, But You Shouldn't. Here's Why
Taxation | Do You Know How Taxation Changes Every Year?
Просмотров 1373 месяца назад
Taxation | Do You Know How Taxation Changes Every Year?
Navigating the Inherited IRA 10-Year Rule: What You Need To Know
Просмотров 5643 месяца назад
Navigating the Inherited IRA 10-Year Rule: What You Need To Know
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
# 1 and # 2 = congressional pay and their insider trading!
Does a withdrawal of ROTH IRA funds increase the amount of your Social Security Income that will be taxed?
Small taxes can affect investment decisions such as whether to choose tax-free municipal bonds over taxable bonds or do a Roth IRA conversion. I’ve been sitting on over $745K equity from a home sale and I want to invest on the stock market, how do I achieve this without being taxed twice?
The IRS is not government! It’s is not registered in any state, lol! Besides you never got paid; can you say fraud? Just read the small black print on that FEDERAL RESERVE NOTE; it’s a NOTE not a dollar!
Make America 1776 again
If you're rich, you're not taxed.
Tax free capital gains and tax free qualified dividends may still require state tax to be paid, yes? Also those 2 tax free categories may increase the tax on your social security check and increase your monthly part B Medicare deduction from your SS check, yes ?
This video only addresses the IRS, not state taxes and yes, sometimes tax-free income can cause other taxation. Thanks for watching!
@@PlanningBeforeInvesting I appreciate your time, your information and your reply, thank you.
Because ROTH IRAs are tax-free, you'll be able to keep more of the money you've worked so hard to earn.I want to invest more than $300k, but I'm not sure how to go.
Holding fixed-income assets in tax-deferred retirement funds as opposed to taxable accounts has additional advantages. If you don't know how to invest in the market, get some advice from a financial counselor.
Good to know is. Thank you for this.
Glad it was helpful!
Depends when you got divorced. I pay taxes on alimony.
Taxes were only spose to be for payments towards wars. We are not in war, why are we taxed?
You may retain a larger portion of the money you've worked so hard to accumulate since ROTH IRAs are tax-free.I spent six years in retirement. In addition to my depleted 401(k), I have a 130k annuity.What is the best way for me to invest $100k in a non-retirement account?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent.
Hi @Lewyn298 There is no magical investment that is right for everyone so this would take some discussion and understanding of your greater situation. Please don’t hesitate to schedule a free meet n greet! Thanks for watching!
Make sure they are certified eg in UK a program recognised by FCA or in the US they should have a qualification such as CFP.
Is tax free municipal income counted as income for computing total income? For instance, it I make $400K income and $100K tax free, does the 100K push my 400K into the 500K tax bracket? Or am I just taxed in the 400K tax bracket?
Good info backed up by facts, unlike the usual garbage found on social media and the MSM.
life insurance is taxed. You get a 1099-O and file an Other oncome form.
workers comp is taxed. as is unemployment income
I only watched this to see if you would mention the most important point. Receiving wages in exchange for labor is not income, and is not federally taxable.
Thanks. My advisor at Schwabplan told me that growth of my Roth IRA is taxed. You said it is not.
Hopefully you are missing context from the Schwab advisor. You have to be over 59.5 AND have had A Roth for over 5 years. Once you’ve met that criteria, everything in your Roth, including growth is tax-free.
12. Cash.😉.
Moved form California 30 years ago, married a native (so immigration is solved). Gas is almost $6/gallon in California. In Europe, cars get way better fuel economy, more diesel options, even in bigger cars 40+ miles per gallon can involve no sacrifice. Living in Europe will require adjustments and the Portugal/Spain immigration/golden ticket programs are cooling off a bit as locals complain we expats are pushing up house prices. Dubai or UAE are not recommended, pricey and poor payback for lifestyle, plus arbitrary laws that can impact ordinary living. BTW USA has CBI also. Add New Hampshire to no state income tax list.
Do these laws change from State to State? I ask because I saw a News story on how in Louisiana, the people who received financial assistance after Hurricane Katrina are being sued to pay back the money.
Don't forget most seniors are not required to file with the IRS or State if they live on Social Security up to a certain limit.
I won't to Retire at 51 Now help
Our channel has lots of videos to help prepare for retirement and Scott is always happy to create a plan that will provide that path as well.
US citizens earning domestic US sourced income is not taxable. The income tax is an excise tax levied upon the privilege of earning Foreign Sourced income. Withholding Agent is Any Person who has custody control and receipt of FOREIGN PERSONS income. W4 withholding certificate is used by the withholding agent to determine how much tax to withhold.
PROSPERI ACADEMY IS A SCAM!!!! PROSPERI ACADEMY STEALS FUNDS FROM ACCOUNTS!!! BUYERS BEWARE!!! DO NOT SIGN UP!! DO NOT GIVE PROSPERI ANY INFORMATION!!! PROSPERI ACADEMY WILL STEAL FUNDS FROM YOUR ACCOUNT!!!!
Thanks a bunch Sir. Very precise and to the point presentation with comparative charts. I wasted hours in watching content to find answers to my simple question and none found. You answered in few minutes.👍
You're most welcome!
1. FDIC insurance 2. NO FEES Did I mention NO FEES.
money from the Ukraine or China, going into an account, when your name Is Biden. High on the list of non taxable income.
It should be noted that the IRS doesn't actually tax anything. They just collect it. Congress are the ones who levy taxes on us then blame it on the IRS.
So I just want to say I loved your video and your advice. What I'd like you to tell me, as I've been married for 20 years and husband pays me 1300 a month spousal support. But we live together. And I always paid the rent with it. So then tax season comes around and he claims 22000 special support. Office income, and then he has a side job painting business where he makes about 10000 a month. On all those side, work jobs doesn't keep a record of them and does not report it as income at all.
I think there going to change these items.
Biden's recent decisions have been very questionable and anti-investment. But these tax rules have so many nuances that the ordinary person does not see, and so when I'm investing, I like to work with a professional. That is how I am able to make up to $15k a month.
He thinks he is favoring ordinary Americans, but that is not the case, as more ordinary Americans are becoming more investment-focused. And it really is a wise idea to work with someone who understands how all these rules work.
It's almost impossible to please everybody, but taxing capital gains this much does not do much to the economy. We are focused on minutiae.
As long as I'm making substantial gains like that, I won't be bothered by the tax rate. Could you refer me to who it is you work with? I'll appreciate your referral.
Please who do you work with to make such great return?
I have worked with a couple of financial advisors over the past few years. First started out with a guy that worked for Bridgewaters. Same wall street rippers. I then switched to an independent advisor, Sharon Lynne Hart and she's been really extraordinary.
Great info. Most of us know how much "retirement savings" we have to plug into your formula, but the challenge is calculating how much of it is actually ours, net of income taxes since many of us have our money in pre-tax dollars. Any rule of thumb you suggest to calculate that?
Unfortunately, taxation is very complex and depends on heavily on your own individual situation. I regularly work through this with people and would be happy to help!
Appreciate your work and videos. There are a lot of us that are at half of your example. With inflation so high, do you like gold? If so where to buy it or buy stocks or miners?
We have a great relationship for our clients that enables them to purchase gold cheaper than the open market, store it for free, and even earn interest on it. Works out much better than buying on your own and certainly better than GLD or mining stocks. Happy to discuss and help!
There seems to be skepticism amongst investors regarding the Federal Reserve's plan to continue increasing interest rates until inflation is stabilized. As for myself, I find myself at a crossroads, uncertain whether to invest $150,000 into my stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.
I’ve had majority of my holdings in tech stocks and I've had 25% increase in my portfolio, especially with Apple’s P/E (price to earnings ratio) but with much uncertainty now, my question is what stocks can be the next APPL in terms of growth for the next decade?
it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks, better still talk to a financial expert
it might be difficult finding the next apple within the tech stock sector, maybe look outside of tech stocks, better still talk to a financial expert
A colleague once proposed the idea of diversification to me, hopefully for positive results to offset any negative performance. At once, I backed it up using an advisor in order to avoid any fiasco. As of today, my portfolio has yielded over $450k in profits, from an initial $180k this year alone.
With Roth IRA, the money you are contributing has already been taxed. At any time for any reason, you can withdraw your contributions tax-free and penalty-free. Additionally, any earnings on investments can also be withdrawn tax-free and penalty-free, Not sure how much to contribute, I'm still at a crossroads deciding if to liquidate my $338k stock portfolio.
For the average person, the strategies are fairly demanding. In actuality, most professionals who have the necessary abilities and knowledge to complete such occupations do so successfully.
Not true. I has a Roth. Trying to save my condo from foreclosure I withdrew the money. Because I was 54, not 55 I lost 40% to tax.
For ROTH IRAs to be penalty free, you need to be at least 55 yrs. old, and have the ROTH for at least 5 years. These two have to be met, otherwise, you definitely incur a penalty of 10%. 😇
@@ChangeYourWater_ChangeYourLife Thought the age requirement was 59 1/2. And your right about the 5 rule.
@@ChangeYourWater_ChangeYourLife You can take the profits, but have to leave the principal in the account for 5 yrs.
The whole talk about "reverse" market crash (real estate and stock market) basically argues that we are nowhere near done with inflation and that we might actually experience "hyperinflation" in the near future combined with accelerating poverty levels across the nation or going thru a historical economic depression...those are the extreme conditions that have produced the reverse market crashes in most examples I've seen. I personally don't see anything that extreme coming, but who knows.
Focus on two key objectives. First, stay protected by learning when to sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.I recommend you seek the guidance a broker or financial advisor.
Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Strategists have been aiding folks in recording gains over 250k just in a matter of months, so I think there are alot of wealth transfer in this downtime if you have someone who knows where to look like i do.
SONYA LEE MITCHELL is the manager I use. Just research the name. You'd find necessary details to set up an appointment.
Don't be hesitant to contact Sonya Lee Mitchell and follow her directions.
It's good you make your own research. and make sure whoever you work with is licensed n verifiable with a repute, this Sonya looks the part but i'd do my due diligence. I set up a call, thanks.
Dyor paying taxes is voluntary!
Please tell us something worthwhile
Why do Americans get taxed on Social Security? That is a dumbest thing I’ve ever heard. What a greedy country you guys have. You Americans sure must hate old people.
Military Retirement should not be taxed but sadly it is.
Isn’t actually death insurance?😂
The IRS is about to NOT tax my regular income that much when I claim Single +9 and then not pay any back taxes owed, since all my tax money keeps going to Ukraine
My understanding is that a wage is an exchange for labor and not income. My labor is a cost to me. If my labor is 7:23 I am nothing more than a slave. Income is a gain from an investment. When I exchange my labor ( a cost to me ) for money that my employer has ( a cost to him) no one has made an increase ( income ). 16th amendment allowed Congress to lay and collect a tax on "income" from all sources derived. Wages are an exchange that are agreed to and both the laborer and employer have encured a cost in the exchange. IRS has bullied and conned us . If we are to have taxes, then it should be simple and straightforward. We don't need cohurssion , fear, punishment, in short, we don't need the IRS.
Questions who is making income, when the deal you made with employer was your time for X amount per hour,. Is that not a even traid? Are we federal employer? And all cash dollars have no real value they are debt notes. So truth is we have never been paid for our services..
THANK YOU!!!!!
You're welcome!
What is the best approach for an individual to calibrate that balance between savings and income in alignment with her/his risk tolerance?
Always start with the goal of covering a base level of a survival retirement budget with guaranteed income. Thanks for watching!
Thanks for the info. How are these taxed?
Depends on the type of money you put in. IRA will always be fully taxed and Roth will not. NQ money is a bit more complicated but is typically a tax advantaged payout. Thank you for watching!
I’ve been running off a combination of long term cap gains and deductions for carry-over losses to not pay any taxes for the last six years. I should be able to keep that going for another few years, so I pay zero taxes for ten years. That’s my goal