I'd like to suggest using a semi-logarithmic chart for Monte Carlo Analyses. When a linear chart is used, the results look like spaghetti, and it is nearly impossible to get meaningful information by looking at the chart. However, on a semi-logarithmic chart, failures are easy to see, including when they occur. You can probably set parameters to sum failures before life expectancy (say, Age 85) and what I would call extended life expectancy (say, Age 92), with the entire duration of the analysis lasting until Age 100.
Your fee structure? And do you select investments like stocks, bonds, funds, etc for the plan. Maybe you can do a video covering your services, costs, etc.
To what general level should spouses with significant qualified & non-qualified accounts perform Roth conversions to reduce SocSec taxation (assuming 75k SocSec yr) & minimize IRMAA? ?$750k
@@SafeguardWealthManagement Most of the people giving these topical videos require a minimum investment level to manage and so at a minimum you already need that $1M investment level or whatever it is, before they will take you on as a client. I love the videos and the content but will likely never be able to use the company. I am about $700 - $800K depending on the current state of the market and as I am semi-retired it isn't likely to grow a lot from this point on. So, as much as I would want to get advice on taxes or investment/withdrawal strategies all I will be able to do is watch the videos and guide myself through them. My wife enjoys Safeguard Wealth Management more than others as he has a more advanced set of topics. We have done a pretty good job already, she better than me, and we are looking for a plan to minimize the tax hit on Roth conversions and RMDs. I won't take SSI until 70 and my wife is 14 years younger than I am which means she is still earning at a pretty high level. How do we do all this and keep my IRMAA under control. Very complex and you handle the complexities well. Anyway, thank you for your videos and the content.
@@bryanwhitton1784 You asked if they have fixed fee plans and then say that you cannot be a client because you don't have a certain amount of money that you determined to be too low for them? They do not list a minimum portfolio balance. Reach out and see if it is a good fit for you before you write someone off.
You use historical parameters (returns and volatility) as the basis to run the randomized returns, correct. This does not mean that every trial, however, mimics the same historical outcomes as using historical returns, however. For instance, using an 8% return with 16% volatility will give you some trials that average 4%, 6%, 8%, 10%, etc. They will cluster around the original parameters given but the sequence of returns will vary widely.
How about a video on opportunity costs of Obamacare subsidies? In some cases they can be a trick by our federal government. Some people are putting all their savings in government bonds, in order to get the 'free' subsidies. Others miss out on Roth conversions, because of the 'free' subsidies.
We have used these several times. Have saved us as much as $10,000 per year. Not sure what bonds have to do with them. As to Roth conversions, depends, for us not big deal as we contributed during high income years, so less need to convert now that income is much lower, and our tax brackets are also lower. Actually, although Roth “contributions” are usually a good deal, too much “conversion” actually gives the government more money
@@larryjones9773 only if you realize capital gains in a brokerage account, no difference in a qualified plan or Roth. You can’t get Obamacare after age 65
Obamacare really limits how much IRA Distributions +or Roth Conversions u can do especially if u have a pension +or Soc Security without losing the Subsidies? And at 63 the. IRMMA Kicks it to make it worse! Perfect Storm at worst time?
The link to the "Eight Important Tax Traps" video did not appear in this video. However, I found this video on your channel: "9 Common Retirement Tax Hikes to AVOID | Don't Overpay Uncle Sam..." Here is the link to it: ua-cam.com/video/YK0r7FEVU28/v-deo.html
Sorry but I must disagree ENTIRELY! Most people NEED MORE MONEY! They haven’t Saved enough, Haven’t put enough into their Investments! However you want to say it, you need to put your money away if you want to have anything in the future! I don’t care if you earn 50% on your money, if you have $10 in there than now you have $15! WOW, Not! Fifteen bucks is maybe a meal! Certainly not a month of retirement! Save, Save, Save! Then look into how it’s invested!
It would be nice to see more videos on liquidity plans.
Love the 4 parts!
I'd like to suggest using a semi-logarithmic chart for Monte Carlo Analyses. When a linear chart is used, the results look like spaghetti, and it is nearly impossible to get meaningful information by looking at the chart. However, on a semi-logarithmic chart, failures are easy to see, including when they occur. You can probably set parameters to sum failures before life expectancy (say, Age 85) and what I would call extended life expectancy (say, Age 92), with the entire duration of the analysis lasting until Age 100.
Good overview. 4 bases to cover.
federal income tax is the largest single expenditure in our retirement - we take out about $120,000 in RMD's and most of that goes for taxes.
how would you setup a forward-looking tax plan? What are the estimated savings you could achieve with someone at different asset levels?
What software do you recommend to make strategically stressed income in retirement?
Your fee structure? And do you select investments like stocks, bonds, funds, etc for the plan. Maybe you can do a video covering your services, costs, etc.
I am interested in seeing a video covering a liquidity plan
To what general level should spouses with significant qualified & non-qualified accounts perform Roth conversions to reduce SocSec taxation (assuming 75k SocSec yr) & minimize IRMAA? ?$750k
I'm interested in learning more about a liquidity plan.
Does your firm offer fixed fee plans rather than annual fee asset management?
Not currently but this may change in the future.
@@SafeguardWealthManagement Most of the people giving these topical videos require a minimum investment level to manage and so at a minimum you already need that $1M investment level or whatever it is, before they will take you on as a client.
I love the videos and the content but will likely never be able to use the company. I am about $700 - $800K depending on the current state of the market and as I am semi-retired it isn't likely to grow a lot from this point on. So, as much as I would want to get advice on taxes or investment/withdrawal strategies all I will be able to do is watch the videos and guide myself through them. My wife enjoys Safeguard Wealth Management more than others as he has a more advanced set of topics. We have done a pretty good job already, she better than me, and we are looking for a plan to minimize the tax hit on Roth conversions and RMDs. I won't take SSI until 70 and my wife is 14 years younger than I am which means she is still earning at a pretty high level. How do we do all this and keep my IRMAA under control. Very complex and you handle the complexities well.
Anyway, thank you for your videos and the content.
@@bryanwhitton1784 You asked if they have fixed fee plans and then say that you cannot be a client because you don't have a certain amount of money that you determined to be too low for them? They do not list a minimum portfolio balance. Reach out and see if it is a good fit for you before you write someone off.
The Monte Carlo has to rely on historic returns. There is nothing else to base returns on data wise for the simulation.
You use historical parameters (returns and volatility) as the basis to run the randomized returns, correct. This does not mean that every trial, however, mimics the same historical outcomes as using historical returns, however. For instance, using an 8% return with 16% volatility will give you some trials that average 4%, 6%, 8%, 10%, etc. They will cluster around the original parameters given but the sequence of returns will vary widely.
How about a video on opportunity costs of Obamacare subsidies? In some cases they can be a trick by our federal government. Some people are putting all their savings in government bonds, in order to get the 'free' subsidies. Others miss out on Roth conversions, because of the 'free' subsidies.
We have used these several times. Have saved us as much as $10,000 per year. Not sure what bonds have to do with them. As to Roth conversions, depends, for us not big deal as we contributed during high income years, so less need to convert now that income is much lower, and our tax brackets are also lower.
Actually, although Roth “contributions” are usually a good deal, too much “conversion” actually gives the government more money
@@randolphh8005 Investing in bonds (rather than stocks), generally makes it easier to qualify for Obamacare subsidies.
@@larryjones9773 only if you realize capital gains in a brokerage account, no difference in a qualified plan or Roth. You can’t get Obamacare after age 65
Keep your inane politics out of this, Einstein. It's called Affordable Care. Read a book.
Obamacare really limits how much IRA Distributions +or Roth Conversions u can do especially if u have a pension +or Soc Security without losing the Subsidies? And at 63 the. IRMMA Kicks it to make it worse! Perfect Storm at worst time?
The link to the "Eight Important Tax Traps" video did not appear in this video. However, I found this video on your channel:
"9 Common Retirement Tax Hikes to AVOID | Don't Overpay Uncle Sam..."
Here is the link to it:
ua-cam.com/video/YK0r7FEVU28/v-deo.html
Sorry but I must disagree ENTIRELY!
Most people NEED MORE MONEY!
They haven’t Saved enough, Haven’t put enough into their Investments!
However you want to say it, you need to put your money away if you want to have anything in the future! I don’t care if you earn 50% on your money, if you have $10 in there than now you have $15! WOW, Not! Fifteen bucks is maybe a meal! Certainly not a month of retirement!
Save, Save, Save!
Then look into how it’s invested!