Stocks can be tax free if you don’t sell them. In fact, you can defer gains indefinitely, harvest losses while you are alive, and your heirs get a step up in basis so no tax upon death.
The way this government is so corrupt I would not say Roth IRA's would never be taxed. I've been saying this for years that is a big way to get additional revenue and I would not doubt they would change this type of savings
This is excellent video with useful and visual info. Thank you! What do you think about third ways of earning money by government: getting money from accounts like life insurance or from market, by bankrupting it, and do not pay anyone 25 years later… this what scaring me from investing and opening life insurance with cash value. i do not have trust in this system that could be manipulated by government. Please respond! I will greatly appreciate it
Its painful, I work half a day to pay the govt then keep the other half. The marginal tax rate alone is deceiving because the rates were done in isolation. If you take into account the applicable income (the tax rate was initially applied to), the allowed deductions and inflation then add state income taxes, the real tax is now greater than 50%. More people pay more in taxes now than before. Remember, the income tax was sold to the public as the "Millionaire's Tax". Guess the joke is on us. Lastly; if they can print 4 trillion USD in 1month to fund the govt. Then why continue taxation? Taxes are used for another purpose.
Did you know that the 9/10 pricing on the gallon of gas is a tax for road services in the local community? Yet, somehow the government needs more and more for these type of projects. The problem will always be overspending and not properly budgeting. Government contracts almost always go over budget because the contracts are guaranteed to pay... well until the money isn't worth anything with this printing.
I don't think too many people actually paid those high marginal tax rates from the early 1900s though. Most people pay way more in taxes now than they would have back in the early 1900s, even adjusted for inflation. But I of course agree, getting money out of the banking system and into the insurance industry where the commercial banks can't use it to make fractional reserve loans and where it can grow tax free is the way to go. If it's not whole life, it's garbage though.
tired of seeing plain illustrations. always illustration run at 6% or 7% and 20-30+yrs always look good. thats how policies are sold.. share/show some actual annual statements (atleast 5-10yrs old).. mask personal info.
I like your IUL videos but the ranting and raving about the national debt and deficits demonstrate a limited understanding of how our Gov't operates especially with the context that the US dollar is currently the international reserve currency (although this could change in the coming decades). There's a famous exchange between Alan Greenspan and Paul Ryan about benefits that dispels this myth ... dollars don't matter (you can print those), what matters is having resources and enough productive capacity to offset inflationary pressures. Furthermore, let's not be naive. The US Gov't is run by mostly millionaires who are owned by billionaires and their monopolies. The pressures to significantly increase tax rates are not powerful enough and, because of this, the political class will maintain the status quo except for minor/marginal concessions at the periphery. Even these minor concessions will likely be rolled back.
Stocks can be tax free if you don’t sell them. In fact, you can defer gains indefinitely, harvest losses while you are alive, and your heirs get a step up in basis so no tax upon death.
The way this government is so corrupt I would not say Roth IRA's would never be taxed. I've been saying this for years that is a big way to get additional revenue and I would not doubt they would change this type of savings
This is excellent video with useful and visual info. Thank you! What do you think about third ways of earning money by government: getting money from accounts like life insurance or from market, by bankrupting it, and do not pay anyone 25 years later… this what scaring me from investing and opening life insurance with cash value. i do not have trust in this system that could be manipulated by government. Please respond! I will greatly appreciate it
Its painful, I work half a day to pay the govt then keep the other half. The marginal tax rate alone is deceiving because the rates were done in isolation. If you take into account the applicable income (the tax rate was initially applied to), the allowed deductions and inflation then add state income taxes, the real tax is now greater than 50%. More people pay more in taxes now than before. Remember, the income tax was sold to the public as the "Millionaire's Tax". Guess the joke is on us.
Lastly; if they can print 4 trillion USD in 1month to fund the govt. Then why continue taxation? Taxes are used for another purpose.
Did you know that the 9/10 pricing on the gallon of gas is a tax for road services in the local community? Yet, somehow the government needs more and more for these type of projects.
The problem will always be overspending and not properly budgeting. Government contracts almost always go over budget because the contracts are guaranteed to pay... well until the money isn't worth anything with this printing.
For those with Securities Licenses, Variable Universal Life addresses both the tax issue and the inflationary risks.
I don't think too many people actually paid those high marginal tax rates from the early 1900s though. Most people pay way more in taxes now than they would have back in the early 1900s, even adjusted for inflation. But I of course agree, getting money out of the banking system and into the insurance industry where the commercial banks can't use it to make fractional reserve loans and where it can grow tax free is the way to go. If it's not whole life, it's garbage though.
Can you please review the Securian IUL from the holding company for Minnesota Life
Already have one out! See here: ruclips.net/video/Om0QMtXwgUE/видео.html
I have a solo 401k issued by my company. Can I roll it into Roth 401k?
Potentially if it is rolled into an IRA then converted by paying taxes.
Inflation is the 3rd lever…
LOL, who would give this a thumbs down? Is that you Joe? Seriously who is against tax free income or the info/education being shared in this video?
I think it’s Brandon
@@CashValueLifeInsuranceReviews Who's that, if you're able to say? I had a bad experience with an agent named that.
@@CashValueLifeInsuranceReviews Yeah that guy as well!!! :)
tired of seeing plain illustrations. always illustration run at 6% or 7% and 20-30+yrs always look good. thats how policies are sold..
share/show some actual annual statements (atleast 5-10yrs old).. mask personal info.
Send me an email and I will. I already have the video recorded and ready to be sent.
I like your IUL videos but the ranting and raving about the national debt and deficits demonstrate a limited understanding of how our Gov't operates especially with the context that the US dollar is currently the international reserve currency (although this could change in the coming decades).
There's a famous exchange between Alan Greenspan and Paul Ryan about benefits that dispels this myth ... dollars don't matter (you can print those), what matters is having resources and enough productive capacity to offset inflationary pressures.
Furthermore, let's not be naive. The US Gov't is run by mostly millionaires who are owned by billionaires and their monopolies. The pressures to significantly increase tax rates are not powerful enough and, because of this, the political class will maintain the status quo except for minor/marginal concessions at the periphery. Even these minor concessions will likely be rolled back.
Spot on!
Roth IRA Roth 401k Roth annuity
Corrupt