How to Pay $0 Taxes in Retirement
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- Опубликовано: 29 июн 2024
- In this video, we'll explore the surprising benefits of a taxable account in retirement. The humble Joint or Individual account can take your retirement to the next level... if you use it strategically.
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00:00 - How to pay $0 taxes on $1 million
03:03 - Age 51
04:38 - Ages 51-60
05:23 - How do you do this strategy?
05:46 - My favorite investing technique: do nothing
DISCLAIMER: This is entertainment only, not investment advice. All opinions expressed are my own. Any stocks or ETFs mentioned may be owned or taken a position within the next 48 hours. Neither the information nor any opinion expressed it so be construed as a solicitation to buy or sell a security of personalized investment, tax, or legal advice. This is prepared for informational purposes only. It does not address specific investment objectives, or the financial situation and the particular needs of any person who may receive this report. The information herein was obtained from various sources. Dividend Growth Machine LLC does not guarantee the accuracy or completeness of the information provided by third parties. The information in this report is given as of the date indicated and is believed to be reliable. Dividend Growth Machine LLC assumes no obligation to update this information or to advise on further developments relating to it.
Ahhh, you post far too few RUclips videos. I really enjoy your stuff.
Thank God President Trump doubled the standard deduction back in 2017 to help us regular folks out a bit.
Thank you, Nathan. Always enjoy the content!
Thanks! I learned something. Appreciate you.
Wow, thank you!! 🙏
Curious why you did not include social security benefit in this analysis?
Great video
Thanks!
You are my maestro nathan!
Thanks!! 🙏
It would be interesting to incorporate a 6-12 month emergency fund, cash, to this. That way, if an unexpected cash need arises, you may not need to raid your brokerage account.
Ouch! I've been retired for 8 years and have paid a higher percentage of tax than when I was working. However we did a good job of reducing our taxable income during the last 13 years of work as we built our retirement during that time with contributions to 401K , IRA and Spousal IRA. But now we are paying the Piper.
thanks! what hardware/ software are you using to write?
Seems like they could have converted more and stayed at 0%. It might have been good to have done more as early as possible, since without congressional action the standard deduction is likely to halve in 2026 and the tax rate brackets to significantly increase. In general the future is unknowable, so do what you can, using what you know, when you can.
Yes, good point! Earlier would’ve been better and they could’ve converted more first, for sure.
Whoa, I learned a ton from that. I'm retired but my wife is not, so that $89k limit on LT gains was something I was unaware of. I was thinking of using dividend income, but now I need to investigate using LT gains instead.
Qualified dividends are taxed the same as LT gains. Be aware that many high yield dividends will not be qualified.
Yep, make sure they are qualified not ordinary income. Should be able to find that out on your statement. Dividends plus capital gains both the same.
Don’t you need to have some taxable income for ACA tax credits?
Seems like you are passing up very valuable tax credits on healthcare to save maybe a few thousand on federal income tax?
Not sure about that 🤔
I'm new to trading, and I've lost a good sum trying out strategies I found in online tutorials. I would sincerely appreciate any recommendations you have.
The reason you’re struggling: you’re trading. Don’t trade. Buy and hold quality stocks and/or ETFs as long as possible.
Do this for canadians please! Lol
O Canada 🇨🇦!!!
@@NathanWinklepleckCFA Google is offering to translate to english your "O Canada" 😁 (Probably the maple leaf flag)
@@Sylvan_dBhaha it "translates" it as just "Canada" 🙄
@@Sylvan_dB I clicked on it the translation came up as "Hoser". 🤪
Why don't you share coffee can with us too? or SP500 P/E ratio video?
Making some stuff exclusive also has downside for your public audience. Just saying...
If you continue to create content only for your members/patreons, we might as well unsub.
RUclips pays very little unless you upload constantly. The only support I get is from Patreon, which offsets my $6,000 annual research subscription. Without that support, I might as well stop posting entirely.