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And your owner distribution is taxed at the capital gains rate? Or at your income tax rate?

Amazing thank you for this

I liked the presentation a lot. Very good pacing and clear presentation of what can be a confusing topic. My only question is what are the other 2 sets of distribution rules? At about 8:08 you mentioned there were 3 but I think only the first was covered. Thanks!

Legendary content. Thanks man!

Managing retirement income gaps can be tricky, but strategies like 'retirement guard rails' offer flexibility. It's interesting how different accounts play a role. Speaking of which, have you heard about platforms like My Digital Money? They're reshaping retirement planning with innovative options that might surprise you, especially if you're looking into tax-advantaged investments.

One of the best kept strategies!

I have a C-Corp and a 401 (k) Plan that is the main shareholder of the C-Corp (ROBS). Can the 401 (k) Plan qualify for QSBS?

Ummm... How the hell is $1500 income a deduction? I thought it is an expense that is deductible?

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can we take out w2 differently amount every month? thanks!

No, you have the SS taxation calculation wrong. Married with $37,500 of provisional income exceeds the $32,000 threshold by $5,500. That $5,500 is multiplied by 50% to arrive at only $2,750 as taxable social security. Simply put, the 50% and 85% are simply factors in the equation to compute taxable SS. Ultimately, taxable SS will range from a low of 0% to a high of 85%. Let’s raise their SS to $50,000 while keeping the pension at $20,000. Their provisional income climbs to $45,000 which exceeds $44,000 by $1,000. The taxable SS calculation will be the sum of $12,000 @ 50% plus $1,000 @ 85% for a total of $6,850 taxable SS. That gets compared to their maximum taxable SS of 85% of $50,000 or $42,500. Since $6,850 is less than $42,500, the taxable SS will be $6,850 in this example. Their taxable income will be $26,850 and they will owe $0 in tax since that falls below their standard deduction.

All the SS calculators ASSUME that the program will be there for your entire life. That is a BIG assumption given that the program will go insolvent in less than a decade. Sure congress will add a few pennies to it at election time, but there is NO plan or intent to fully fund SS. The only fixes congress proposes are more benefits cuts and increases to the eligibility age. How can you promise more benefits in the future (by waiting to 70) if the program is constantly cut? Promises of more money in the future never materialize in business, government, or anywhere else. I am "A bird in the hand is worth two in the bush" guy. I'm taking SS now at 62 before SS is SS in name only.

Thanks for detailed explanation. 👍

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Well put, the break even point is an important factor… Another critical factor in whether to take Ss now or to wait, is the survivor benefit. For my wife and I, we probably have good enough cash flow between 67 and 70, but waiting till 70 gives us almost $1000 more per month for which ever of us has to continue on in life. Sad to even talk this way, but it’s reality!

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Can you be a LLC taxed as C corp and qualify?

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Great video! You don't say it outright, but it seems like you're implying that with a SEP IRA, if you as the employer match up to 10% of your own income, then you have to do the same for all of your employees-but that this is NOT the case for a SIMPLE IRA. That you can have different matching rules for yourself than you do for employees. Is that correct? If so, to what type of companies does this apply? The IRS website says pretty clearly you can't do that if you're a Schedule C filer, but maybe you can if you're an S-Corp?

Thank you for this content. My mother was sold multiple annuities despite being a teacher who had vested in a state pension. Over 15 years in one of them and a net return of ~2%. Not annualized--2% appreciation in total.

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Are you on track to retire? Click Here to Take the 3-Minute Assessment​ threeoakswealth.typeform.com/wealthgauge

Thank you for the great explanation!

Well explained. I am 6 months away from the point where my annuity decision has to be made. I thought I was locked in for life because my advisor never said anything about these options come the end of my wait period. Now I’m nervous she’ll try to convince me to get out of it and into yet another policy. These contracts are so complicated. I don’t want more worries about locking into another policy. Good to know that once I agree to take annuity payments I’m locked in. So any possible cancellation of my current policy better give me 100 percent clarity that a new strategy benefits me. And only me.

Took way too long to get to the facts. I had to stop at 16 minutes.

Thank you, very straight forward and informative.

Take it at 66. There is no guarantee that you will see 70.

My full retirement age is 67. I’m considering Taking SSI when I turn 64. I’m also a disabled vet andI currently collecting disability from the VA. What do you see as the pros and cons?

Mmmm maybe you should draw as soon as possible- because your not promised tomorrow- plus that money 💰 can work for you now instead of later

Thanks, Three Oaks Wealth; your content is top-notch and the ultimate value-add.

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Thank you....

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Are you on track to retire? Click Here to Take the 3-Minute Assessment​ threeoakswealth.typeform.com/wealthgauge

Thank you for this video. I now understand that S Corp pay taxes on profits. Therefore even if I leave the profits in the account or take it out i already paid taxes on the profits. What matters is if i take out more than my basis.

I got my $200,000 forgiven after consoliated under SAVE IDR repayment one time adjustment plan. Still have balance to pay off. But now i can be qualified fir mortgage. Debt to income ratio improved. SAVE is life saver.😊

No tax owed on forgiven loan amount as long as you consolidate before April 30.

Thank you! The extra money ($100k in your example) is still taxed, but only as income tax, right? Not taxed by social security, medicare etc?

This applies to a business owner that offers it to employees, even if the employees choose not to participate at all? The business owner can still max it out? And what if the business is a DE LLC?

Get out in the free look period…..Period.

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Grant is cutting-edge about knowledge of important financial planning topics; thanks very much!

If you don't have a DB pension, a lifetime payout annuity can make sense. Once you live long enough, it does make sense. Some people don't want to be heavily in equities in old age and just want a guaranteed payout. "If you invest prudently you'll be fine......" that's a big IF. How about a horrible bear market hits in the middle of retirement, like the Great Recession, and your stocks lose 50% or more in value? Whereas with an annuity, that doesn't matter, your payout is guaranteed.

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❤

If anyone can do this, them why are people charging $20k to get this???

We are not living longer @threeoakswealth this generation is projected to live SHORTER lives than the preceding one. Think about that

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Are you on track to retire? Click Here to Take the 3-Minute Assessment​ threeoakswealth.typeform.com/wealthgauge