Other than contributing to a 401k, how can a small business invest its profits in a non-taxable way? For example, if you have a consulting business (c-corp), can the profits be used to buy another property or business completely unrelated to the main business and write this off, or maybe branch off another company somehow?
The first link takes me to your teachable. Do you have a site where i can purchase your CPA services instead if training? I dont have time to train right now. Thx.
Retirees who struggle to make ends meet are often those who didn't accumulate enough wealth during their working years. The choices you make regarding your retirement investments can have a significant impact. My parents both spent the same number of years in the civil service, but my mom invested through a wealth manager while my dad stuck with his 401(k).
This resonates with me. I’m in my mid-50s now, and my wife and I were following a similar path. Two years ago, I shifted my funds to her wealth manager’s guidance. While I’m not matching her returns yet, I’m definitely seeing higher gains than I would have with just the 401(k). My retirement fund is growing faster than ever-even before I officially retire!
It’s unfortunate that many people lack access to this kind of information. It’s understandable why some panic when they don’t have the right guidance. Personally, I've earned over $287k passively by investing through an advisor, without the need for much involvement. Whether the economy is booming or volatile, a skilled wealth manager consistently delivers results.
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Dividend investing is my jam! I'm building wealth with a buy-and-hold strategy in my Roth account, featuring rockstars like Berkshire B stock, SCHD, and S&P 500 and total market ETFs. My taxable account is also getting in on the action, generating regular income through dividend-paying stocks. It's a winning combo that's helping me achieve my financial dreams!
Your strategy is a perfect example of a solid plan! Combining dividend stocks with a buy-and-hold approach sets you up for success.it's clear you've done your research. Yet, I still think consulting with expert advisors can take your success to the next level. They can offer valuable insights, help you mitigate risks, and optimize your strategy for even greater returns.
I agree, though some doubt financial advisors. Mine has delivered, growing my portfolio by over $1 million for the past decade through savvy diversification. Financial security is my goal, and I'm pleased with my results.
Great! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement
''Laurel Ann Watkins'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Laurel Ann Watkins” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
My CFA ’Stacy Lynn Staples’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an CFA my spouse kicked against the idea initially, but oh well guess who's best buddies with our CFA now
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Kimberly Grace Flanagan" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I think a lot of us focus on building our retirement fund, but tax planning can make a huge difference once you actually start drawing from it. I’ve heard of people who end up with way less than they expected just because they didn’t plan for taxes properly
Yeah, there are some smart moves out there, like contributing to tax-advantaged accounts or certain types of real estate. I’m realizing it’s not just about making money but also about keeping more of it, especially when taxes can take such a big chunk
Exactly! If I could keep more of what I make just by adjusting my investments, that would be a game changer. I’m trying to get better about this kind of planning but don’t know where to start
I get that. This is where it really helps to talk to a financial planner who understands tax-efficient investing. My advisor, Joseph Nick Cahill, a Certified Financial Planner, walked me through some of these options. He actually helped me lower my tax bill while growing my portfolio, which I didn’t even know was possible
That sounds great. Joseph Nick Cahill, huh? Does she offer consultations? I’ve been feeling like I’m paying too much in taxes, and it’d be nice to see if I could make some adjustments to keep more of my returns.
I learned about govt actions from him. He does a free initial consultation, and he’s super helpful. He can give you a rundown of tax-efficient strategies, like using Roth IRAs, municipal bonds, or other investments that help you save on taxes right away. It’s amazing how a few adjustments can add up over time
I am impressed with your update on investments, I am looking for tax efficient way to rebalance my 7-figure dividend portfolio without triggering capital gain tax. what asset location strategies should i use?
The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult an advisor or tax professional to tailor these strategies for maximum tax efficiency.
I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% NVDA, 25% SCHD and over 40% in digital and alternative assets, thanks to my CFA. This strategy has helped me earn $56,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
@@PatrickLloyd- Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
Honestly, it feels like we’re just getting started! Bitcoin is leading the charge! Bitcoin often leads the market in a bull run, and once it stabilizes and reaches new highs, we’ll start to see altcoins catching up. It’s all about timing-once the mainstream attention shifts to altcoins, we could see some serious pumps. I’ve made $119k just by buying and holding Bitcoin and waiting for the pump..
It is post elections and the market has started being bullish based on evidence. I just sold some property and I have some cash to re-invest, thinking of diversifying my investment on NVIDIA,TSLA,META. Am in so long its tech.
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago after I sold my property, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from crypto worth $75k to $350k despite inflation this year.
Elisse Laparche Ewing is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Alright, so I’ve got $156k sitting pretty in my emergency fund, and I’m ready to start investing. Watched this video hoping for a headstart on reducing taxes because, let’s face it, Uncle Sam needs to stop taking so much. Seriously though, any tips on where to begin or do I just go for one of these 7 options? I need to stop being a "safe" investor and start making this money work for me.
I get the urgency to get your money working, but I’d be careful with jumping into tax reduction strategies right away. It’s all about balance. I was in your shoes a while ago, but a good financial advisor really helped me sort through my options and build a strategy that’s sustainable. Don’t just chase tax cuts-make sure you're setting up long-term growth! Trust me, an advisor can save you from a lot of mistakes.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
@@anilshah1029 if they know how to report IRS tax down to zero or under 1% even after someone make $10 million a year that is called real smart tax experts otherwise all are repeating bs expert😂
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
Many people underestimate the value of advisors until they've suffered financial losses due to emotional decisions. After my divorce, I sought professional guidance to save my business and found an exceptional advisor who grew my assets from $175k to $650k despite inflation. My portfolio outperformed savings account,bank fixed deposits and treasury bonds .
I'm scared about retirement as I turn 50 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direction I should take to help me generate substantial profits like some people are this season.
I’m not in a position to offer financial advice, but given the significant amount of capital you're working with, it would be wise to consult a financial advisor who can guide you in developing a strategy tailored to your goals and risk tolerance.
Factos!!. After experiencing a major portfolio loss in 2020 amid the COVID pandemic while trying to manage my investments on my own, I reached out to an investment advisor. They helped me turn my $420k into a seven-figure portfolio by providing the guidance and strategy I needed. Having that expertise made a significant difference in my investment journey.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
With the market turbulence and inflation rising, I'm looking for ways to reduce my tax burden while growing my wealth. I recently invested in stocks, but with the way things are going, especially with Bitcoin’s rise, I'm feeling a bit uncertain. Do you think it's better to hold off on stocks for now or are there tax-advantaged investments that could help in these conditions?
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
election years are historically challenging for investors, but never make financial decisions when feeling emotionally charged, rather you should consider speaking with a reputable advisor, someone of great expertise
I agree. Over 50 years of data reveals that folks who work with advisors earn more than those who do it alone. I've been fortunate to utilize a pro since the pandemic, resulting to a 7 figure portfolio after 100s of thousands invested so far.
Sophia Verdekal O'neal is is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I'd love to invest in stocks after listening to a guy on a podcast talk about the importance of investing and how he made over $300k in few months of investing into stocks from $175k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas
It's difficult to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Indeed You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
My CFA, Joseph Nick Cahill has assisted me in doing that efficiently, he is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $40k - $55k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
i don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but i'm financially secure.
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area. Thanks so much Natalie Rose Strayer.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Izella Annette Anderson* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Someone who is in 32 or 37% tax bracket do not qualify to get tax deductions from IRA. If married couple income is more than $230K, you do not get IRA deduction in tax, thus we do a IRA to Roth IRA conversion..
Some experts think rate cuts would boost certain industries, while others warn it will increase concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.
Why don't. you consider Increasing your exposure to interest rate-sensitive sectors like REITs and utilities, and maintaining or slightly increasing holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting an F,A,
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital
My CFA, Sonya Lee Mitchell is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
What do you mean by oil and gas investment? I own stock in oil and gas companies. Is there a text deduction for that? Or is there some other way you can invest in an oil and gas company that is tax deductible?
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
Judith B. Richards, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon
My favorite HSA benefit: Now that I am on medicare, I can comfortably choose a high deductible medicare supplement plan saving $100s per month because my fat HSA is there to cover any Max Out of Pocket years.
Hi Navi, can you suggest any resources that list oil and gas companies to invest in to take advantage of the tax deductions? I'm fairly new to investing in this way. Thanks! :)
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
If you don’t understand the markets, stick to an index like the S&P 500. Dollar cost average and hold long term, or better still consider financial advisory to avoid losses
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with? in her area and works for Empower Financial
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a geniusl Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
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?
There’s more benefit to holding fixed-income assets in tax-deferred retirement accounts as opposed to taxable accounts. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.
Traditional IRA have a income limit on how much tax deduction you get.. it’s 146K for married filing jointly which means that the 37% tax bracket savings mentioned in the video is wrong
Can you only contribute to your 401K through payroll or is there another way to add a catch up amount towards the end of the year by maybe just transferring money in your savings (that would have already been taxed? And if so, is that amount accounted for on your taxes - meaning is the tax that you paid reversed for that amount?).
I wish I’ve known this before. Thank you so much for this video.❤️ We’ve been paying high taxes for decades because we have no kids and now under fix income. We don’t even make that much.
You're welcome! There are tax reduction strategies when you are in your retirement years as well. Admittedly, I don't teach them on RUclips or in the course but if you find a good financial advisor, they may be able to assist. For example, informing you the best way to go about selling stocks you might own in a brokerage account to ensure you don't get bumped into the next tax bracket while considered your social security income, pension income, etc.
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Milton Harper insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
Glad to have stumbled upon this, curiously inputted him on the web, easily spotted his consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
For an expat who generates income outside the US but still has Schwab brokerage accounts that generate dividends/interests income in the US, can one contribute to a traditional IRA to maximize tax deductions?
Hi Navi.. Thanks to wonderful presentations on tax saving.. Can you elaborate on Oil & gas Tax saving and we being active investor..! As you mentioned this is different from Real estate.. Any help in directing towards this is appreciated..
Yes, the course would be considered an ordinary and necessary business expense. In the course I teach more than just tax strategies so you'll learn how to use QuickBooks and how to do your bookkeeping, etc.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
Of be interested in figuring out how investing in 403b or roth ira will affect my regular take home pay. Is there a way to determine how much i should invest to reduce the taxes paid and still come out with around the same net paycheck? Or is the savings only realized at the end of the year?
Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Let me see if he shares anything that I already do not know 🤨🤨I’ll let you know in the end. I knew them all!! What I didn’t know was I can have both 401K and ROTH IRA simultaneously!! 😮
Stupid question: If you're a W2 employee and get travel expenses reimbursed tax-free, would that need to be deducted on your tax return as itemized expenses?
The spouse has to be jobless or working a job in real estate so you can take a REP tax deduction. On the small business tax saving, you have to have losses to net out your profits - and how is that winning? You invest 100K in two places, one makes you 20K and the others gets you losses of 20K, you are not winning. Is making losses worth not having to pay taxes on gain?
Roth, it’s like having a bank account that increases with interest. You don’t have to pay taxes on since the Roth is like a “savings” that you create with money that is already taxed. Traditional IRA is a “savings” account that collects your money before you pay taxes. Basically, you defer the taxes until you pull the money after you retire or at 59 1/2, if I’m correct!!
Yes u can have both. Roth conversions from IRA not easy & IRS hates it. Roth - pay taxes when u open it & as stock/ fund grows it’s not taxed on growth. Many financial advisors are warning the young generation that Congress will find some way to tax Roths due to all $$ accumulated, incl inherited Roths. Regular IRA taxed when u retire, @ 59&1/2 or 5 yrs after u opened it. Taxed on whatever stock/ fund gain u sell. If loss, no tax. The key is what will be ur tax bracket when u withdraw from IRA? If lucky, you’ll be in high bracket & so u want methods to offset tax. Roth has no RMDs & no tax yet after initial taxation; Congress will likely change that in future.
I'm interested in paying for the course and watching a bunch of videos. However, I want to have some type of checklist or bullet point on each step that I can refer to instead of having to watch videos again. Is this possible?
I'm invested in stocks and it's not very bad for taxes, but my personal problem how to maximize my investment portfolio without having to be taxed to the teeth whenever I liquidate my assets. I want to put in an extra 70k in the stock market.
Haha but you could actually make a lot of profit and not worry too much about taxes. It's all about playing the game well. I work with a financial advisor and I make sizeable profit north of 300k every quarter without even doing much.
@@NormanGhali Your “advisor” takes a notable portion of your GROSS assets regardless of gains or loss; they’re not a charity & have no crystal ball either. No one cares about your money more than yourself.
This is great knowledge butttt, is there a certain amount you should be making in order for these investments to even be something you should consider in getting in to? For example, someone making 200k a year but has overhead and bets like 100k , would this be something you can do and will it make any difference ?
I did all of this and it helped. But as a result, I have several million in tax deferred accounts that are subject to RMDs. I have a 10 year planning window to try to fix that problem.
It's my understanding that you only need to work a minimum of 42 hours a month on your rental properties to be considered a Real Estate Professional. Why would having a full-time job disqualify you if you meet those hours?
Can you claim tax deductions from 1099 against W2 income if you do both ? Lets say you made a net expense of 40 K and profit of 20K for year 1 of your side business but had a net W2 income of 200k then can you deduct that loss of 20k from 1099 against your W2 income of 200 k ?
it is called SOLO 401K and yes, $69,000 is the limit, however this contribution cannot exceed 25% of income. If your business generates $100,000 then you cannot contribute $69,000 in to your 401K. You can contribute $23, 000 as personal income plus you need to pay mandatory social security contributions (%15.3) then reminder is the taxable income then you can contribute %25 of this left over to your 401K.
The comments appear to be ads for CFRs. IRS puts limits on all tax deferred programs. Many cheap medium/ small cos don’t offer good 401k or decent benefits. U can only claim 1/4 of home office IF u have one. Travel, gas, dining etc ALL very limited & proportioned against INCOME; all deductions must be documented with receipts or IRS will dismiss it during audit. Not the 80s anymore when all business expenses were deductible.
@NaviMarajCPA are you licensed in Connecticut. I would love to have you as my CPA. I have a small business my as nurse practitioner , a rental property, have a 1099 and a W2 job I can’t fit the class in my schedule.
I'm not currently taking on new clients but if you shoot me an email, I will provide you with a response with some recommendations to find a tax professional that can assist.
If it’s your FIRST home in your life in USA you can. It bugs me that most federal loans, deals are only for 1st home. Ppl who sold, then rented, & want buy their 2nd home need help too.
These are interesting, but out of my grasp. I'm a single person, mashing just under $150k, with zero assets. No savings or discretionary income for big investments. What kind of options are there for me. I have a couple of side hustles that mainly incur loss but still very little. I say good bye to 35% of my income every month. I'd rather figure how to invest for retirement- which I don't have, or set aside something for my grandbabies. At 65 years old I'm trying to see what I can do at this late, late stage in the game. From my vantage point, it's looking pretty hopeless. Thank you If nothing else, maybe I can learn and teach my children so they don't make the same mistakes.
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q1 2025.
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
My CFA Julianne Iwersen Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Is anyone else shocked by how much tax strategy they’re leaving on the table? I mean, $156,000 in deductions? Let’s talk about serious wealth-building opportunities here 💸🔥
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navimarajcpa.teachable.com/p/smallbusinesstaxessale
Other than contributing to a 401k, how can a small business invest its profits in a non-taxable way? For example, if you have a consulting business (c-corp), can the profits be used to buy another property or business completely unrelated to the main business and write this off, or maybe branch off another company somehow?
The first link takes me to your teachable. Do you have a site where i can purchase your CPA services instead if training? I dont have time to train right now. Thx.
Retirees who struggle to make ends meet are often those who didn't accumulate enough wealth during their working years. The choices you make regarding your retirement investments can have a significant impact. My parents both spent the same number of years in the civil service, but my mom invested through a wealth manager while my dad stuck with his 401(k).
This resonates with me. I’m in my mid-50s now, and my wife and I were following a similar path. Two years ago, I shifted my funds to her wealth manager’s guidance. While I’m not matching her returns yet, I’m definitely seeing higher gains than I would have with just the 401(k). My retirement fund is growing faster than ever-even before I officially retire!
It’s unfortunate that many people lack access to this kind of information. It’s understandable why some panic when they don’t have the right guidance. Personally, I've earned over $287k passively by investing through an advisor, without the need for much involvement. Whether the economy is booming or volatile, a skilled wealth manager consistently delivers results.
How can I find a trusted financial planner like yours?
I consistently recommend Rebecca Lynne Buie as my top choice. She is well-known for her expertise in financial markets and has an impressive track record. I highly endorse her services.
Thank you for this tip! I looked up Rebecca Lynne Buie’s website, and I’ve already sent her an email. Fingers crossed, I’m hoping to hear back soon!
Dividend investing is my jam! I'm building wealth with a buy-and-hold strategy in my Roth account, featuring rockstars like Berkshire B stock, SCHD, and S&P 500 and total market ETFs. My taxable account is also getting in on the action, generating regular income through dividend-paying stocks. It's a winning combo that's helping me achieve my financial dreams!
Your strategy is a perfect example of a solid plan! Combining dividend stocks with a buy-and-hold approach sets you up for success.it's clear you've done your research. Yet, I still think consulting with expert advisors can take your success to the next level. They can offer valuable insights, help you mitigate risks, and optimize your strategy for even greater returns.
I agree, though some doubt financial advisors. Mine has delivered, growing my portfolio by over $1 million for the past decade through savvy diversification. Financial security is my goal, and I'm pleased with my results.
Great! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement
''Laurel Ann Watkins'' a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Laurel Ann Watkins” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 14.3%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an advisor.
That's impressive. I've been wanting to switch to working with a financial advisor. I just might do it now. Can I ask who you work with please?
My CFA ’Stacy Lynn Staples’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
I need a way to draw up a plan to set up for retirement while still earning passive income to meet my day to day need and also get charged lesser taxes even while in a higher tax bracket. i want to invest around $250K savings.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
I do agree, Investing has gotten difficult especially after pandemic, hence why I decided to use the expertise of an CFA my spouse kicked against the idea initially, but oh well guess who's best buddies with our CFA now
Hello, I'm curious to give this a try. Please who is your CFA and how do I get in touch?
I'm cautious about giving specific recommendations since this is an online forum and everyone situation is unique, but I've worked with "Kimberly Grace Flanagan" for years and highly recommend her. Look her up to see if she meets your criteria.
Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.
I think a lot of us focus on building our retirement fund, but tax planning can make a huge difference once you actually start drawing from it. I’ve heard of people who end up with way less than they expected just because they didn’t plan for taxes properly
Yeah, there are some smart moves out there, like contributing to tax-advantaged accounts or certain types of real estate. I’m realizing it’s not just about making money but also about keeping more of it, especially when taxes can take such a big chunk
Exactly! If I could keep more of what I make just by adjusting my investments, that would be a game changer. I’m trying to get better about this kind of planning but don’t know where to start
I get that. This is where it really helps to talk to a financial planner who understands tax-efficient investing. My advisor, Joseph Nick Cahill, a Certified Financial Planner, walked me through some of these options. He actually helped me lower my tax bill while growing my portfolio, which I didn’t even know was possible
That sounds great. Joseph Nick Cahill, huh? Does she offer consultations? I’ve been feeling like I’m paying too much in taxes, and it’d be nice to see if I could make some adjustments to keep more of my returns.
I learned about govt actions from him. He does a free initial consultation, and he’s super helpful. He can give you a rundown of tax-efficient strategies, like using Roth IRAs, municipal bonds, or other investments that help you save on taxes right away. It’s amazing how a few adjustments can add up over time
I am impressed with your update on investments, I am looking for tax efficient way to rebalance my 7-figure dividend portfolio without triggering capital gain tax. what asset location strategies should i use?
The best strategy depends on your financial situation, account types, tax bracket, and investment goals. Consult an advisor or tax professional to tailor these strategies for maximum tax efficiency.
I’m currently working towards financial freedom with a focus on dividends & growth investing. Since 2014, I’ve built a portfolio made up of 30% NVDA, 25% SCHD and over 40% in digital and alternative assets, thanks to my CFA. This strategy has helped me earn $56,000 a year in dividends. Back in 2014, I only earned $21 in dividends.
@@PatrickLloyd- Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
Increasing tax rates are the reason I rolled over my 401k to a Roth. I don’t want to be 59 paying taxes on current income on withdrawals made from my retirement account. I'm now seeking best possible areas or ways to gain wealth in today's economy.
Pre-tax contributions may help reduce income taxes in your pre-retirement years while after-tax contributions may help reduce your income tax burden during retirement.
Both have their perks but you can also save for retirement outside of a retirement plan, such as in an individual investment account or employing the services of a retirement planner/investment advisor.
Private investing is the best way to go about the market right now, especially for near retirees, I've been in touch with a wealth manager, netted 370K the last downturn, made it clear there's more to the markets than we average joes know.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Honestly, it feels like we’re just getting started! Bitcoin is leading the charge! Bitcoin often leads the market in a bull run, and once it stabilizes and reaches new highs, we’ll start to see altcoins catching up. It’s all about timing-once the mainstream attention shifts to altcoins, we could see some serious pumps. I’ve made $119k just by buying and holding Bitcoin and waiting for the pump..
It is post elections and the market has started being bullish based on evidence. I just sold some property and I have some cash to re-invest, thinking of diversifying my investment on NVIDIA,TSLA,META. Am in so long its tech.
Some individuals minimize the importance of counsel until they make regrettable mistakes. A few summers ago after I sold my property, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from crypto worth $75k to $350k despite inflation this year.
Impressive gains! how can I get your advisor please, if you dont mind me asking? I could really use this heads up as of now.
Elisse Laparche Ewing is a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Alright, so I’ve got $156k sitting pretty in my emergency fund, and I’m ready to start investing. Watched this video hoping for a headstart on reducing taxes because, let’s face it, Uncle Sam needs to stop taking so much. Seriously though, any tips on where to begin or do I just go for one of these 7 options? I need to stop being a "safe" investor and start making this money work for me.
I get the urgency to get your money working, but I’d be careful with jumping into tax reduction strategies right away. It’s all about balance. I was in your shoes a while ago, but a good financial advisor really helped me sort through my options and build a strategy that’s sustainable. Don’t just chase tax cuts-make sure you're setting up long-term growth! Trust me, an advisor can save you from a lot of mistakes.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with ‘' Linda Aretha Reeves” for some years now, and her performance has been consistently impressive. She’s known in her field, look her up.
Linda Aretha Reeves is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Watched Linda Aretha on Bloomberg finance summit 4 years ago and her presentation was terrific!
1)Traditional IRA
2)traditional 401k
3)health savings account
4)short term rental
5)long term Realestat
My man 👊
6) HRA (c-corp)
@@nicholash8021can HRA be used pay medicare part B/D premiums or Medicare Supplement Plan Premiums
Yes, nothing new 😢
@@anilshah1029 if they know how to report IRS tax down to zero or under 1% even after someone make $10 million a year that is called real smart tax experts otherwise all are repeating bs expert😂
I've always been fascinated by how top investors achieve millionaire status through their investments. Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity?
I believe every Investor should start with ETFs for a solid foundation, then diversify across asset classes and maintain disciplined, regular investing to minimize risks and maximize growth.
Many people underestimate the value of advisors until they've suffered financial losses due to emotional decisions. After my divorce, I sought professional guidance to save my business and found an exceptional advisor who grew my assets from $175k to $650k despite inflation. My portfolio outperformed savings account,bank fixed deposits and treasury bonds .
I'm scared about retirement as I turn 50 on my next birthday. I need to ensure I have enough money to survive on. How can I consult your advisor? My retirement account isn't performing well.
NYCOLE CHRISTINA VANNATA a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon.
As an investment enthusiast, I often wonder how top-level investors are able to become millionaires through investing. I have a significant amount of capital to start with, but I'm unsure about the strategies and direction I should take to help me generate substantial profits like some people are this season.
I’m not in a position to offer financial advice, but given the significant amount of capital you're working with, it would be wise to consult a financial advisor who can guide you in developing a strategy tailored to your goals and risk tolerance.
Factos!!. After experiencing a major portfolio loss in 2020 amid the COVID pandemic while trying to manage my investments on my own, I reached out to an investment advisor. They helped me turn my $420k into a seven-figure portfolio by providing the guidance and strategy I needed. Having that expertise made a significant difference in my investment journey.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Judith Lynn Staufer, is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
I just looked up her website on google and I would say she really has an impressive background in investing. I have sent her an email hope she gets back to me soon. Thanks
With the market turbulence and inflation rising, I'm looking for ways to reduce my tax burden while growing my wealth. I recently invested in stocks, but with the way things are going, especially with Bitcoin’s rise, I'm feeling a bit uncertain. Do you think it's better to hold off on stocks for now or are there tax-advantaged investments that could help in these conditions?
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q3 2024.
I could really use the expertise of an advisor like that.
Her name is “Kenia Giordani Borges”. You can research her name to find the necessary details and set up an appointment.
Thanks! After reviewing her credentials, I'm impressed too. I've scheduled a call with her for advice.
I'm at crossroads deciding if to liquidate my $250k portfolio and get back in after Nov 5. So much uncertainty looming due to the election.
election years are historically challenging for investors, but never make financial decisions when feeling emotionally charged, rather you should consider speaking with a reputable advisor, someone of great expertise
I agree. Over 50 years of data reveals that folks who work with advisors earn more than those who do it alone. I've been fortunate to utilize a pro since the pandemic, resulting to a 7 figure portfolio after 100s of thousands invested so far.
Sophia Verdekal O'neal is is the licensed advisor I use. Just google the name. You’d find necessary details to work with and set up an appointment. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
Leave it there! Don’t touch your retirement ever, let it grow!!
Buffet created a cash war chest in Nov. In mid Dec, market is tanking, so Buffet sold when high; he’s so big globally, he knows things public don’t.
I'd love to invest in stocks after listening to a guy on a podcast talk about the importance of investing and how he made over $300k in few months of investing into stocks from $175k initial capital, somehow this video has helped shed light on some things but I'm confused about the current market volatility I'm new to this and I'm open to ideas
It's difficult to beat the market as an ordinary investor, you don't have access to information that professionals have. So it's just better if you invest with a professional who knows how things work better.
Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.
How can I reach this advisers of yours? because I'm seeking for a more effective investment approach on my savings?
'Aileen Gertrude Tippy' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Honestly this cannot be overemphasized, helping people mitigate unforseen circumstances and mistakes .It's always good to have a financial plan,
Absolutely, proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.
Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge
Indeed You need to get a financial planner or expert on investments to aid diversify your portfolio to commodities index funds, digital assets etc, to provide illumination and guidance in the financial markets.
My CFA, Joseph Nick Cahill has assisted me in doing that efficiently, he is a renowned figure in his field. I recommend researching his name online; you'll find all his credentials and everything you need to work with a reliable professional. With many years of experience, he is a valuable resource for anyone looking to navigate the financial market.
Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.
the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
I wholeheartedly concur; I'm 60 years old, just retired, and have about $1.25m in non-retirement assets. Compared to the whole value of my portfolio during the last three years, I have no debt and a very little amount of money in retirement accounts. To be completely honest, the information provided by invt-advisors can only be ignored but not neglected. Simply undertake research to choose a trustworthy one.
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Carol Vivian Constable” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
I'm admittedly bummed that I didn't go with my gut instinct & buy bitcoin few months back when it was $40k - $55k range. is it too late to get in and make profits? i have set aside $450k to get fully invested this year
i don't think it is. Once bitcoin crosses it's all time high, it becomes the new bottom. Anything under 69k is a good buy. It's still advisable to work with a fiduciary advisor instead of relying solely on speculations
The only issue you might have is the fear of missing out, just like everyone else. A good number of people discredit the effectiveness of financial advisors in exploring new markets, but over the past 10years I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $1million in gains… might not be a lot but i'm financially secure.
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
Her name is “Sophia Irene Powell can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Can you please elaborate a bit more on the last option (Oil and Gas investments)? Seems to be an interesting topic to learn.
👌
I reached $138k today. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in October 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thanks so much Natalie Rose Strayer.
I'm surprised that you just mentioned and recommended Natalie Strayer, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
These frequent tax code changes are disrupting my long-term investment strategies. Are there ways to structure my investments to be more resilient to potential tax code modifications?
I honestly think America needs a completely restructure of their political system. It is just not working. Trump and Biden being elected out of 300 million people to run the country is evidence for that too.
This is why the US should elect more progressive politicians, who know how to manage budgets and give us (yes, pur country's initials literally spell out that pronoun) much better tax credits in return for better public education and better public healthcare. but since these are nonexistent, my husband and I are being guided to finance our retirement and healthcare through a diversified investment portfolio
Your manager must be really good. How I can get in touch? My retirement portfolio's decline is a concern, and I could use some guidance.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with *Izella Annette Anderson* for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thanks for the info, i found her website and sent a message hopefully she replies soon.
Tax laws can be so complex, and it’s super helpful to break them down like this. Understanding how different policies can impact our finances is crucial for making informed decisions.
Making profitable investments during this time of political change can be risky without that insight. For me, working with an adviser is the best first step to navigate these complexities and make informed choices.
I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.
Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.
Nicole Anastasia Plumlee can't divulge much. Most likely, the internet should have her basic info, you can research if you like.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
Someone who is in 32 or 37% tax bracket do not qualify to get tax deductions from IRA. If married couple income is more than $230K, you do not get IRA deduction in tax, thus we do a IRA to Roth IRA conversion..
Some experts think rate cuts would boost certain industries, while others warn it will increase concerns. I'm reviewing my $600K portfolio allocations and I'm curious about strategies to respond to these potential sector impacts.
Why don't. you consider Increasing your exposure to interest rate-sensitive sectors like REITs and utilities, and maintaining or slightly increasing holdings in growth sectors like technology and consumer discretionary. For tailored advice, consider consulting an F,A,
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as stock, EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
I agree. I've been working with a financial advisor since 2020, and I return up to 15k every month, and I don't even have to lift a finger. Although I also think the reason I make this much is because I started with significant capital
Do you have any recommendations for a good investment advisor? I could really use some help.
My CFA, Sonya Lee Mitchell is a renowned figure in her field. I recommend researching her name online; you’ll find all her credentials and everything you need to work with a reliable professional. With many years of experience, she is a valuable resource for anyone looking to navigate the financial market.
What do you mean by oil and gas investment? I own stock in oil and gas companies. Is there a text deduction for that? Or is there some other way you can invest in an oil and gas company that is tax deductible?
The stock market is definitely picking up pace right now, but I still think investors should be careful at this time. I'm actually a newbie in this space, so I'm open to hearing other investors' take on this.
I think the market is likely at its best now, but I still believe having a financial advisor is crucial to navigate the market and moderate your risk. Their expertise can really help you make informed decisions.
Factos!! Working with a financial advisor has been a game-changer for me. They provided invaluable insights and tailored strategies that aligned perfectly with my risk tolerance and financial objectives. With their support, I've seen significant growth in my investments and gained confidence in my financial future.
Thanks for sharing your experience! I’ve been managing my portfolio myself, but it’s not working out. Do you have any recommendations for a good investment advisor? I could really use some help.
Judith B. Richards, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thank you so much for the suggestion! I really needed it. I looked her up on Google and explored her website; she has an impressive background in investments. I've sent her an email, and I hope to hear back from her soon
Trying to find what oil and gas companies you are talking about. How about giving some examples. Thanks,
My favorite HSA benefit: Now that I am on medicare, I can comfortably choose a high deductible medicare supplement plan saving $100s per month because my fat HSA is there to cover any Max Out of Pocket years.
Hi Navi, can you suggest any resources that list oil and gas companies to invest in to take advantage of the tax deductions? I'm fairly new to investing in this way. Thanks! :)
I’m curious about the Oil and Gas investment. I don’t think I understood that enough.
Diversification is the secret to optimal performance. This is why I have my interests set on market sectors based on performance and projected growth, such as the EV sector, renewable energy, Tech, and Health. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE
If you don’t understand the markets, stick to an index like the S&P 500. Dollar cost average and hold long term, or better still consider financial advisory to avoid losses
Sometimes I'm surprised most people don't even know they can do that. I've been making at least 200k every year from my investments by working with an FA. When you realise it, it feels like a life hack.
Wow, that's interesting . I've recently been exploring the option of working with an FA too. Any chance you could recommend who you work with? in her area and works for Empower Financial
‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a geniusl Services. By looking her up online, you can quickly verify her level of experience. She is well knowledgeable about financial markets.
Thanks a lot for the recommendation. I'll send her an email and I hope I'm able to connect with her.
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?
There’s more benefit to holding fixed-income assets in tax-deferred retirement accounts as opposed to taxable accounts. If you're not who understands strategies to invest in the market, seek a Financial advisor to guide you.
Indeed, I did make use of a financial counselor. As I get closer to retirement, their advice has been really helpful. I thought compound interest on index funds wouldn't be sufficient because I started late. It's amusing how I've done better than colleagues who have more years of investment experience. I've profited more than $886k tax free.
Hope you don't mind if I ask you to recommend this particular professional you use their service?
Melissa Terri Swayne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I searched for her name on the internet, found her page, and reached out via email to schedule a conversation. Thank you.
I would like to invest in oil and GAS . How should I start
Traditional IRA have a income limit on how much tax deduction you get.. it’s 146K for married filing jointly which means that the 37% tax bracket savings mentioned in the video is wrong
Can you only contribute to your 401K through payroll or is there another way to add a catch up amount towards the end of the year by maybe just transferring money in your savings (that would have already been taxed? And if so, is that amount accounted for on your taxes - meaning is the tax that you paid reversed for that amount?).
How exactly do you suggest we invest in oil and gas investments? Are you talking about stock market?
I wish I’ve known this before. Thank you so much for this video.❤️ We’ve been paying high taxes for decades because we have no kids and now under fix income. We don’t even make that much.
You're welcome! There are tax reduction strategies when you are in your retirement years as well. Admittedly, I don't teach them on RUclips or in the course but if you find a good financial advisor, they may be able to assist. For example, informing you the best way to go about selling stocks you might own in a brokerage account to ensure you don't get bumped into the next tax bracket while considered your social security income, pension income, etc.
As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Milton Harper insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings, managed to grow a nest egg of around 127k to a decent 532k. Kudos to the journey ahead!
He mostly interacts on Telegrams, using the user-name,
@MiltonHarper
Nice info, i appreciate your concern this will help a lot especially to the young investors who have no or lesser knowledge on how the market works.
Everyone needs more than a Basic Income to be Financially Secured in this present time that there's an Economic Decline.
I agree with you and i believe that the secret to financial stability is having the right investment ideas to enable you earn more
I'd retiring or working less in 8 years, and considering this financial recession, Im deciding to begin taking up skilled trades. I'm curious to know best how people split their pay, how much of it goes into savings, spendings or investments, I earn around $120K per year but nothing to show for it yet.
You should contribute to your retirement diligently, or better still look into financial planning don't come to youtube for advise, consult a Local or trusted online broker/ planner
Very true, I find myself lucky enough exposed to money management at an early age. Worked full time when I was 19, purchased first home at 28 fact forward time I'm 57 now not laid off
This is huge! would love to grow my reserve regardless of the economy situation, my 407k has lost everything accrued since early 2019, at this point, i'm in need of guidance, can you point me?
GREGORY LEO CATTEL is the licensed FA I work with, I can't speak much about him you should make a search with his name, you'd find the necessary details to schedule an appointment.
Glad to have stumbled upon this, curiously inputted him on the web, easily spotted his consulting page and was able to schedule a call session. Ive seen commentary about advisers but not this phenomenal
Navi as a small real estate business owner. How do I file taxes business LLC
Separately filed or with all under my tax ID ? Please advise
Thanks
For an expat who generates income outside the US but still has Schwab brokerage accounts that generate dividends/interests income in the US, can one contribute to a traditional IRA to maximize tax deductions?
How do I invest in oil and gas?
I need to set up payroll for my newer S-corp and do the self-directed 401(k). Thank you so much for this information.
How is traditional IRA fall under tax deduction? HSA in California has no tax deduction.
Hi Navi.. Thanks to wonderful presentations on tax saving.. Can you elaborate on Oil & gas Tax saving and we being active investor..! As you mentioned this is different from Real estate.. Any help in directing towards this is appreciated..
Will I be able to claim your course as an expense for my LLC?
Yes, the course would be considered an ordinary and necessary business expense. In the course I teach more than just tax strategies so you'll learn how to use QuickBooks and how to do your bookkeeping, etc.
You can claim pretty anything, IRS won't check and won't have the resource to check for small business.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800. Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting.! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@Lourd-Bab However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@BrandonIvan-c6e Oh please I’d love that. Thanks!.
@@Lourd-Bab Clementina Abate Russo is her name.
Lookup with her name on the webpage.
Traditional IRA deductions have income limit. 37% tax bracket would not qualify in your example
short term rental losses can they be offset against salary income?
Excellent excellent excellent!
What's the annual ROI on IRA & 401k?
Of be interested in figuring out how investing in 403b or roth ira will affect my regular take home pay.
Is there a way to determine how much i should invest to reduce the taxes paid and still come out with around the same net paycheck? Or is the savings only realized at the end of the year?
Can someone speak about how not to wait until one is retired? Need to understand more on how to navigate penalization on early withdrawals
Research 72t distributions
Thanks for sharing such valuable information! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Can we remain passive with, and LLC taxed as an S-Corp?
My 1099 NEC Contractors that work for me are tax dedictuble but where do i put their expense compensation on the 1120S... what line?
Let me see if he shares anything that I already do not know 🤨🤨I’ll let you know in the end.
I knew them all!! What I didn’t know was I can have both 401K and ROTH IRA simultaneously!! 😮
Stupid question: If you're a W2 employee and get travel expenses reimbursed tax-free, would that need to be deducted on your tax return as itemized expenses?
is traditional IRA deduction of $7000 over and above other deductions or is there an overall limit?
The spouse has to be jobless or working a job in real estate so you can take a REP tax deduction. On the small business tax saving, you have to have losses to net out your profits - and how is that winning? You invest 100K in two places, one makes you 20K and the others gets you losses of 20K, you are not winning. Is making losses worth not having to pay taxes on gain?
You should talk about Accountable Plan for those SCorp filers
How can I invest in oil and gas for 2024 ? Is it too late in the year ?
What’s the difference between Roth IRA and traditional IRA, can I have both?
Roth, it’s like having a bank account that increases with interest. You don’t have to pay taxes on since the Roth is like a “savings” that you create with money that is already taxed. Traditional IRA is a “savings” account that collects your money before you pay taxes. Basically, you defer the taxes until you pull the money after you retire or at 59 1/2, if I’m correct!!
@@karimartin9441 in plain English?
Yes u can have both. Roth conversions from IRA not easy & IRS hates it.
Roth - pay taxes when u open it & as stock/ fund grows it’s not taxed on growth. Many financial advisors are warning the young generation that Congress will find some way to tax Roths due to all $$ accumulated, incl inherited Roths. Regular IRA taxed when u retire, @ 59&1/2 or 5 yrs after u opened it. Taxed on whatever stock/ fund gain u sell. If loss, no tax.
The key is what will be ur tax bracket when u withdraw from IRA? If lucky, you’ll be in high bracket & so u want methods to offset tax. Roth has no RMDs & no tax yet after initial taxation; Congress will likely change that in future.
see me after class, you are failing
Navi do you help with cpa services and tax planning and advice? Not looking for a course, but hire as cpa. Thanks
what if I have a full time job with a W2 and I just started a small business.
What about retirees with no earned income who don't want the hassle of real estate rentals and simply want to enjoy retirement?
yes, just stay with your parent
Does Trad IRA have a maximum income limit?
I'm interested in paying for the course and watching a bunch of videos. However, I want to have some type of checklist or bullet point on each step that I can refer to instead of having to watch videos again. Is this possible?
I'm invested in stocks and it's not very bad for taxes, but my personal problem how to maximize my investment portfolio without having to be taxed to the teeth whenever I liquidate my assets. I want to put in an extra 70k in the stock market.
True, the tax codes can be unfavourable. I can definitely relate with this.
Haha but you could actually make a lot of profit and not worry too much about taxes. It's all about playing the game well. I work with a financial advisor and I make sizeable profit north of 300k every quarter without even doing much.
@@NormanGhali Your “advisor” takes a notable portion of your GROSS assets regardless of gains or loss; they’re not a charity & have no crystal ball either. No one cares about your money more than yourself.
This is great knowledge butttt, is there a certain amount you should be making in order for these investments to even be something you should consider in getting in to? For example, someone making 200k a year but has overhead and bets like 100k , would this be something you can do and will it make any difference ?
Everyone talks about saving and future.But what about now ??I have to pay 24 k back because I did overtime 😢.
I did all of this and it helped. But as a result, I have several million in tax deferred accounts that are subject to RMDs. I have a 10 year planning window to try to fix that problem.
it is a good problem to have, easy fix!
It's my understanding that you only need to work a minimum of 42 hours a month on your rental properties to be considered a Real Estate Professional. Why would having a full-time job disqualify you if you meet those hours?
Can you claim tax deductions from 1099 against W2 income if you do both ? Lets say you made a net expense of 40 K and profit of 20K for year 1 of your side business but had a net W2 income of 200k then can you deduct that loss of 20k from 1099 against your W2 income of 200 k ?
yes, both are earned income
it is called SOLO 401K and yes, $69,000 is the limit, however this contribution cannot exceed 25% of income. If your business generates $100,000 then you cannot contribute $69,000 in to your 401K. You can contribute $23, 000 as personal income plus you need to pay mandatory social security contributions (%15.3) then reminder is the taxable income then you can contribute %25 of this left over to your 401K.
Ira is the money after tax. Why are you calling it tax saving strategy?
The comments appear to be ads for CFRs. IRS puts limits on all tax deferred programs. Many cheap medium/ small cos don’t offer good 401k or decent benefits. U can only claim 1/4 of home office IF u have one. Travel, gas, dining etc ALL very limited & proportioned against INCOME; all deductions must be documented with receipts or IRS will dismiss it during audit. Not the 80s anymore when all business expenses were deductible.
@NaviMarajCPA are you licensed in Connecticut. I would love to have you as my CPA. I have a small business my as nurse practitioner , a rental property, have a 1099 and a W2 job I can’t fit the class in my schedule.
I'm not currently taking on new clients but if you shoot me an email, I will provide you with a response with some recommendations to find a tax professional that can assist.
These strategies can delay taxes but not avoid them
Real estate has never been as overvalued as it is in 2024. This is probably the worst time in history to buy real estate.
Well the problem with iras is that you cant take the money out...especially when you want to buy a house
If it’s your FIRST home in your life in USA you can. It bugs me that most federal loans, deals are only for 1st home. Ppl who sold, then rented, & want buy their 2nd home need help too.
Got a w2, youre guna pay taxes. Pay it and dump it into roth 401k because taxes got nowhere to go but up.
Yes, putting into 401k roth and after tax with backdoor and pay the tax now!
These are interesting, but out of my grasp. I'm a single person, mashing just under $150k, with zero assets. No savings or discretionary income for big investments. What kind of options are there for me. I have a couple of side hustles that mainly incur loss but still very little.
I say good bye to 35% of my income every month. I'd rather figure how to invest for retirement- which I don't have, or set aside something for my grandbabies. At 65 years old I'm trying to see what I can do at this late, late stage in the game.
From my vantage point, it's looking pretty hopeless. Thank you
If nothing else, maybe I can learn and teach my children so they don't make the same mistakes.
Already doing all of this for 20yrs and still have to pay tax.
donate the rest to charity and pay no tax
Tax is more expensive in the future. It is preferable to pay tax now instead to pay in the future.
Imagine being able to invest over $70k a year toward retirement. That’s more than some people’s income.
Some one like their own voice. I''d say paying no taxes mean you are working and building gross...
If I want the best car, the best watch, the best house. Why don't pay enough taxes to get the best country to live in it.
Wow we've never heard of 401k before. Great click bait title ✌️
what hsa? have you heard about it?
I couldn't watch the entire video as I found the picture delay very annoying.
you need google fiber
I didnt understand half of it.
The market's rise after Trump's win is surprising given the economic uncertainty. While some stocks, like AI-focused ones, look strong long-term, the volatility makes me cautious. Even Bitcoin is seeing a boost, but it's tough to predict where things are heading with inflation and interest rates. Staying cautious but watching for opportunities.
I agree. Even with great opportunities, we should proceed cautiously. Seeking market analysis or advice from certified market strategists is important.
Absolutely, having a solid plan is crucial. My portfolio has doubled since early last year. My financial advisor and I are working towards a seven-figure goal, though it might take until Q1 2025.
Can you share details of your advisor? I want to invest my increased cash flow in stocks and alternative assets to achieve my financial goals.
Close your eyes and you’ll swear this is Mark Cuban talking!! 😂
Roth IRA and back door strategy is better than traditional IRA, brokerage account, life insurance, muni bond, real estate and HSA in my opinion.
Be ready for IRS audit. I read up on “ back door Roth” & got CPA firm negative opinion on it too.
@@l.e.6263 why? back door is done with brokerage firm or your 401k, there is no risk for audit
Can you have Ira n 401k together
Yes - you sure can!
What are the income limits to do IRA and 401K together for W2 employees
@@kolarvm you can easily find it in google
“Nearly half!?” Who’s been doing your taxes? Your dog! 🙂
Count me out with a big thumbs down when the video started with the highly exaggerated claim of “IRS getting half your money”
I think investors should always put their cash to work, especially In 2025, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2025
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
My CFA Julianne Iwersen Niemann a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you
Is anyone else shocked by how much tax strategy they’re leaving on the table? I mean, $156,000 in deductions? Let’s talk about serious wealth-building opportunities here 💸🔥