5 Tax SECRETS Every Retiree Should Know

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Название	:	5 Tax SECRETS Every Retiree Should Know
Продолжительность	:	16.07
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Re tax gain harvesting: be careful if you are on Social Security The capital gain income can make more of your SS income taxable, increasing your taxes even though the capital gain income stays untaxed
Comment from : nlmytube

Sorry but you forgot property tax that would greatly change the numbers
Comment from : Fred Baker

I might have missed this, but can tax gain harvesting be used with a 401k or IRA, or is it just a brokerage account? My understanding is it only works from withdrawing from brokerage through long term capital gains, since 401k and IRA are taxed as ordinary income Just want to confirm
Comment from : Alan Young

I like your videos lots of smart information Can you wear a different colored shirt bc you look like a disembodied head
Comment from : Dottie Atwood

This video shows why Congress will not simplify paying Taxes 😳
Comment from : Joseph W

You’re very sharp for such a young guy 👍
Comment from : Willie

I had been looking at standard deductions Im single and 72 I had figured that my standard deduction for 2023 would be 15700 did I make a mistake?
Comment from : 88888gerald

My question is if I withdrwan" unearned income " like mutual fund or selling business ,it will be added to Annual adjusted income (AGI) related tax braket I worried related to Roth Ira contribution and my next question was 15 percent capital gain applicable to long term investment from mutual fund Thanks
Comment from : Angelo Calima

Love your videos So easy to understand!
Comment from : Lori Balderston

My CPA finds these tax savings And if I wasn't happy with my CPA, I would simply find another one If you were to start using these strategies, you'd probably get audited and will have to pay expensive penalties and fines
Comment from : Norm Thompson

what's total BS is that roth conversions impact your AGI I mean, you're paying taxes to the Fed and maybe State, all at once As long as you make no withdrawals from that Roth, it shouldn't be included as income, it's literally just a rolloverbrbrI despise our govts tax rules, they're nothing but traps for people who've tried to do the right thing and prepare for their own retirements
Comment from : M P

I hope you can answer this question I understand that I can put $7500 into a Roth IRA However, I also have a Roth 401k with my employer Do they have to total $7500, or are they different, so the two Roth’s can exceed $7500?
Comment from : Fuz

Charitable organizations need to be promoting your third point on Donor Advised Funds accounts, because ever since the significant increase in the standard deduction a few years ago that took into account charitable contributions, the tax saving incentives for giving away money ended
Comment from : Speaker Builder

If you draw down your savings by 3 a year you’ll outlive your savings
Comment from : Brazos River

Another excellent video, James Thank you for sharing your knowledge - and in such an understandable way
Comment from : jan3195

Thanks James, always learn something with your content!
Comment from : Trevor Dodson

re tax gain harvesting: watch out for IRMAA Same applies to Roth conversions Also in your planning you might consider tax consequences for your beneficiaries/heirs
Comment from : Sylvan dB