What I love about the Roth 401(k) is it can help you save on taxes in retirement. Not only are withdrawals tax-free at 59 1/2 , it won't impact the taxation of your Social Security benefit and Medicare premiums.This is an important aspect of a Roth account that most people are not aware of.
Think I got it - my retirement & 457b plan is ordinary income, that I could reduce the taxes on when I take social Security, but my vanguard digital advisor account is taxed as capital gains which is good thing because it is a lower rate if held long term .
Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This UA-cam channel is very informative and effective.
My husband is a NY State Retiree thankfully our Medicare part B will be reimbursed to both of us because its already included in our NY State Retiree Health Insurance.
I am trying to put some in Roth from traditional Ira. Cpa only wants me to do 8000, but that gets me nowhere. Do you hold 5 yrs after opening even if over 60?
So does your Medicare premiums change yearly since your AMA changes or are you stuck with that high premium for the rest of your Medicare period moving forward?
If you are married and filing jointly the 2023 IRMMA limit for income (Modified Adjusted Gross Income) is $193,000. If your income is below That there will be no change to your part B premium.
What I’m trying to say is, before RMD, our Medicare Part B is 164.90 but when my husband will start taking his RMD at 73 and I will be 66 years old at that time. Our Medicare part B will go up. So, since, we’re filing jointly, my Medicare part B will also increase?
I am 50 years old, but I have been retired for two years. At one time, I had a rough time investing in stocks, losing about $200,000 over a five-year period. However, a fortuitous opportunity changed my fortunes, and I was fortunate enough to meet a true investment professional, Daniel Price CFA, whom I had been feeling unguided and losing more than I was making until I worked with him.
I have frequent contact with him at work and I am really impressed with his abilities. daniel Price has demonstrated excellent professionalism and in-depth industry knowledge. Every time I interact with him, I can feel a deep understanding and insight into the investment field. His familiarity with market trends and investment strategies is impressive!
Daniel Price's technical analysis skills are unparalleled. He combines this with his exceptional ability to make accurate stop-loss orders to protect my investments from potential market downturns.
I've faced the same situation as you, and it's true that there's a lot of knowledge and skill to be learned in the investment world. But I wasn't as lucky as you to meet a good teacher like that. I think too many people are losing money in the stock market like me, and no one can help us.
@@Jack-smith991 When I first started, I wasn't sure about my teacher's strengths, so I decided to start with a small investment. I started with $20,000 at first, and I didn't expect to make $12,000 profit in less than two weeks. This gave me more confidence in my teacher, so I decided to increase some funds. In total, I invested a total of $70,000, and in just 3 months, not only did I make back all the money I had lost in the previous 5 years, but I also realized some profits. For this, I am deeply grateful to my teacher Daniel Price CFA.
64 retired Not taking SS until 70, my plan is to drain my IRA over the next 5 years before that big SS check pushes me into a much higher tax bracket
Taxes are not a speed bump but a Detour sign, forcing to take a longer route to your financial destination, good content, thanks
What I love about the Roth 401(k) is it can help you save on taxes in retirement. Not only are withdrawals tax-free at 59 1/2 , it won't impact the taxation of your Social Security benefit and Medicare premiums.This is an important aspect of a Roth account that most people are not aware of.
Think I got it - my retirement & 457b plan is ordinary income, that I could reduce the taxes on when I take social Security, but my vanguard digital advisor account is taxed as capital gains which is good thing because it is a lower rate if held long term .
Found your post interesting to watch. I can't wait to see your new videos soon. Good Luck with the upcoming update. This UA-cam channel is very informative and effective.
My husband is a NY State Retiree thankfully our Medicare part B will be reimbursed to both of us because its already included in our NY State Retiree Health Insurance.
the state with the #1 debt lol
How are annuities taxes in retirement ?
Isn’t social security added to your pension income and 401k withdrawals or do you calculate social security separately?
Do you need to pay Quarterly Estimated tax payments throughout the year for 401k and IRA distributions?
I am trying to put some in Roth from traditional Ira. Cpa only wants me to do 8000, but that gets me nowhere.
Do you hold 5 yrs after opening even if over 60?
You should also mention that some but not all social security is taxed, depending on how much other income you have.
seems to be most, 85%
@@jamescollier3 Yes at most 85 p;ercent, frequently a lot less.
So does your Medicare premiums change yearly since your AMA changes or are you stuck with that high premium for the rest of your Medicare period moving forward?
It would just be for the year you exceeded the IRMAA limits....
How about if the husband is older and start the RMD and the wife is 66 y/o. Will the wife,s Medicare part B increase also since you’re filing jointly?
I believe so
If you are married and filing jointly the 2023 IRMMA limit for income
(Modified Adjusted Gross Income) is $193,000. If your income is below
That there will be no change to your part B premium.
What I’m trying to say is, before RMD, our Medicare Part B is 164.90 but when my husband will start taking his RMD at 73 and I will be 66 years old at that time. Our Medicare part B will go up. So, since, we’re filing jointly, my Medicare part B will also increase?
: If you are filing jointly that is correct
I am 50 years old, but I have been retired for two years. At one time, I had a rough time investing in stocks, losing about $200,000 over a five-year period. However, a fortuitous opportunity changed my fortunes, and I was fortunate enough to meet a true investment professional, Daniel Price CFA, whom I had been feeling unguided and losing more than I was making until I worked with him.
I have frequent contact with him at work and I am really impressed with his abilities. daniel Price has demonstrated excellent professionalism and in-depth industry knowledge. Every time I interact with him, I can feel a deep understanding and insight into the investment field. His familiarity with market trends and investment strategies is impressive!
Daniel Price's technical analysis skills are unparalleled. He combines this with his exceptional ability to make accurate stop-loss orders to protect my investments from potential market downturns.
I've faced the same situation as you, and it's true that there's a lot of knowledge and skill to be learned in the investment world. But I wasn't as lucky as you to meet a good teacher like that. I think too many people are losing money in the stock market like me, and no one can help us.
@@Jack-smith991 When I first started, I wasn't sure about my teacher's strengths, so I decided to start with a small investment. I started with $20,000 at first, and I didn't expect to make $12,000 profit in less than two weeks. This gave me more confidence in my teacher, so I decided to increase some funds. In total, I invested a total of $70,000, and in just 3 months, not only did I make back all the money I had lost in the previous 5 years, but I also realized some profits. For this, I am deeply grateful to my teacher Daniel Price CFA.
And more grifters
You talk way too fast. I had to slow the video down to .75 to even even follow you at all. Also, using charts helps.
Clicked on the video because of the title. Left after 3 minutes because of long winded rambling at the beginning.