18 Burst results for "41 Case"

"41 case" Discussed on KLBJ 590AM

KLBJ 590AM

03:06 min | 1 year ago

"41 case" Discussed on KLBJ 590AM

"Really? Love page? Yes. Okay. All right. And you know you can pick almost any investment. Any financial vehicle. I have a love hate relationship with all those things. I hate about them things I love about him. So here's what's important. You got to use them for what you love about him. And if what you hate about them, isn't that big of a deal? It's not really going to change your lifestyle. Then you might want to just suck it up and go with it. All right, Right. At the end of the day, there's no financial vehicle other than an annuity that will continue to pay you after you've depleted your money again now. He He put half of his 41 k. This was not their entire nest egg. They have other IRAs and Roth IRAs and all this. We're just looking at his 41 case. We took half as four. Oh, one K and solved his income. And his wife's income for the rest of their lives. Now we're able to put together a really fun investment plan for the rest of the money. And we're not going to be so stressed, taking risk with the rest of the money because we've got an income floor. I mean, if if the worst happened and we lost a bunch of money in the stock market, we're really not going to sweat it because we've got the cash flow we need. It's going to be there every month. No matter what, and I like it. This is what I would do for myself. That's a great try Another right, right, right And and again and Teresa. You say that there's no cookie cutter approach. I agree. 100%. I'm not telling everybody Hey, go right out and get a new t absolutely do not do that. You need to make sure And this is a very specialized area again. I trained financial advisors in this area from across the country. You don't want to be the first person and adviser cells and indexed annuity two or a variable annuity or fixed annuity. There's there's different flavors of income benefits and writers and charges and restrictions. You just got to work with an expert in this area to make sure your there's no regrets down the road. A tailor made plan. Another words like you say We're tired fit. Just this plan. Exactly. Nothing fits everybody. You've got to have your own personalized plan. Exactly And then you know, you've got to roll in taxes and your discharge all those different nuances as well. And what I'd like to do We have room for $10 today, Teresa. So for the next 10 callers call now you will have an opportunity to sit down with me. I'll work with you and build out an income plan. Similar to the one we just talked about with your numbers. Your For one case, you're Irish. Let's build an income floor and eliminate the fear of running out of money. Uh, and again we have room for the next 10 colors is about a $2000 value. I'm going to do this at no cost. And I'm number to call Nathan. It's 808 905008 808 905008. You can also text Nathan n a. T h a n to the same number And this is for retirees and pre retirees. Common sense planning and straight talk called Nathan Right now get a spot on his calendar. 808 905008 808 905008 And what's on the way Next. We often talk about the importance of a written financial and income plan for a successful retirement. If you're.

Teresa $10 Nathan 808 905008 100% today one K 41 k. 41 case 10 colors $2000 10 callers two four 808 905008 808 905008 half one case first person Nathan n a. Irish
"41 case" Discussed on News 96.5 WDBO

News 96.5 WDBO

04:30 min | 1 year ago

"41 case" Discussed on News 96.5 WDBO

"We talk a lot about 41 case here on the show, because most people are familiar with those workplace plans. But Mike, you also mentioned things like four or three B's TSP's from time to time. How are those types of accounts different than a traditional 41 K. So if you take a look at for one case, 41 K is a plan through your corporation. So the majority of the retirement plans that are out there through your employer is going to be 41 K. But maybe you work for a hospital. Maybe you work for the state. Maybe you work for the school system. Maybe you work for the military 403 B TSB very, very similar to a 41 K. In the sense that is still the retirement plan that you have through your employer. It just looks a little bit different. The reality is, it's the money that you set aside. Given pay any tax on, you're able to make contributions. The contributions are limited to a certain amount, and then maybe your company is making mattress to that. The issue. I think for most people that we talked to is it was great that they were able to save towards retirement. It was great that they were able to put money aside. It was great that they got a match. But if you take a look at most for one case, most 403 B accounts and most TSP accounts, the investment options are limited. The person asked you Maybe it was years ago. But they said, Hey, listen, Do you want to participate in the retirement plan? And you say Yes. Then they just hand you something, and they literally ask you to choose the allocations that you're going to go into. Then, every time you make a deposit to that account that deposit gets distributed amongst the allocations or investment options that you have inside the plant. Well, those options are very, very limited, Kristen. I mean, some plans may only have 10 options. Some plans may have 30 options but very rarely as a plan going to have hundreds of options, which hundreds of options would be more representative of the market as a whole. And when we're talking to people on the radio like we are right now, and they're saying, Well, hey, listen, I'm getting closer to retirement. I've got a 41 k or I've got a four or three b or I've got a TSP account. Mike, you're right. I see things like target date funds in there. I see things like mutual funds in there. Maybe I don't understand the target Date fund and how it works. Maybe I don't understand the mutual fund and how it works. But one thing that most people know There's nobody giving them advice on how to allocate those positions so week after week. We're talking to people that have for one case, four or three BCE tsp accounts. And they're saying to us Well, hey, listen, I am concerned. There's a lot of change going on. I think markets are probably going to do well. But what if they don't do Well? How should I be allocated in the account? Very, very important, but particularly if you're age 59 a half or older. Most people whether it's a four Oh one k 403 B or TSP account. Most people are going to have the ability to have their accounts privately managed and have more investment options that are available within the company plan. Whether your company like I say is a corporation or whether it's government. The differences between those Kristin the workplace plans a lot of times depends on your employer. But everybody that we're talking to has the same concern. They're getting closer to retirement. They know markets have done very well. They're fearful of changes. We've seen whether it's volatility in markets. Whether it's a change of administration, whether it's a concern over inflation or taxes, and people just want to make sure that they can retire with confidence and a lot of times it's hard. In a plan that you don't have any sort of guidance with or direction was so what I'd say Kristen is we're happy to help people with their allocations. Whether it's 401 k four or three BR TSB. We're happy to help get it more efficient. If you're 50 year older, because I think at that point is certainly helpful. Even if you're 5 to 10 years to retirement if you're younger than that, it's pretty hard for us to help you. But I want to be very, very specific. If you're age 59 a half or older or if you have an orphaned retirement plan, like a four Oh one K four Arthur BTS be those accounts can be actively managed for most people. And I really do think it's worth having that conversation because if we can show you how to get a higher average rate of return net of any fees to manage the portfolio, you know, therefore adding value in that situation. But then if we can also she had to take less risk to get those returns. It's going to be beneficial, not just in the short term, but in the long term, and it's a conversation we're having every week that I think our listeners would benefit from. And it sounds like one of them is trying to reach out to you right now about they they are. Yeah. Here I am Fumbling over my phone going. Stop! Stop! Stop, But, yeah. To reach out. If you have questions about.

Mike Kristen 5 30 options 10 options 10 years one case 41 k hundreds one k 403 B three BCE one 401 k four one thing 59 a half 41 case 41 K. 50 year older options 41 K
"41 case" Discussed on News 96.5 WDBO

News 96.5 WDBO

02:04 min | 1 year ago

"41 case" Discussed on News 96.5 WDBO

"Investor podcast. Of course you're 41 K looks good right now. Everybody thinks that we're very, very smart because it continues to climb and climb and climb. But What happens when it goes the other way, and that's what we're going to talk about. Now. With inflation back, the Fed may have to at least consider changing some of its policies and even Moody's Analytics economist Mark Zandi. He tells CNBC that that's going to make your portfolio vulnerable to a get this 10 to 20% correction. You gotta ask yourself. Can your 41 K handle that? Here's mark once the Fed tells everyone that they're taking to put off the accelerator and thinking about putting it on the brakes. Doge market would have a little trouble. That's what's happened historically. And you know, I'd expect that to happen again. Whether that's today tomorrow next week next month, you know that I don't know. But it does feel like the headwinds are building for the equity market. You and Mike always joke, Ryan that your crystal ball broke. You guys were starting off in this business, but no one knows when it's gonna go down. We all are liking it right now. But if we're getting close to retirement We really need to start paying attention to this. So that way we don't lose. God forbid at 10 to 20% haircut as we're getting close to retirement with our 41 case, you know, I think that that mark there is just kind of hedging his bets. That's kind of a Blind squirrel finds them not every now and then I think the market's going to go down. I don't know when it's going to happen, but it will definitely go down or, you know the market's going to go up. It's just going to continue to go up. That's really just Noise. I kind of want to call it noise as far as trying to predict whether the stock market goes up for the stock market's going to go now. No one can really predict that. And if they say that, and they get the timeframe, right, I'm a genius. Or they just keep saying it and saying it saying it finally happens. Look at me. I predict what the stock market does, but Really? You know? Yes. Being concerned about Where the stock market is going to go, how it's going to affect your portfolio. Like you said. Everybody's feeling great because the stock market has really just done nothing but go.

Mike Ryan 10 Mark Zandi CNBC Moody's Analytics Fed 20% 41 K 41 case today tomorrow next week next
"41 case" Discussed on WCBM 680 AM

WCBM 680 AM

01:40 min | 1 year ago

"41 case" Discussed on WCBM 680 AM

"So yeah, yeah. Important to focus on this year in the year out, Yeah, and and and keeping those of those documents up to date, and Maryland just passed the law that if you get divorced All your previous beneficiary designations. Designating your ex spouse as your beneficiary is null and void Now. Is that correct that that's exactly right. But I want to maybe pick up on a little trap for the unwary back to the 41 K. That, um, again 41 case and you know what we call employer sponsored plans, which is a creature of federal law. Because federal law preempts state law. That some of those rules do not apply to your 41 cake. You still have to go in and change it. You'll need to change exactly because at that point you cannot rely on state law to save you. Under those circumstances, so even you know that you give you some some level of protection. It's certainly not the plan. You should be relying on and become very, very important. Make sure you understand the type of app that you have and understand the implications so again whenever there is a marriage whenever there's a divorce, uh it really becomes incumbent to relook at everything enough, not rely on the default. Could work in your favor. Admitted. Uh, this is why the state Legislature passed it because it was having and saving a lot of families from the unintended consequences. But that should not be the plan and there should be you know an affirmative decision on the data. Probably set things up to avoid avoid these happens. All right, Roger. We got to take another pause for traffic.

Roger 41 cake 41 case Maryland 41 K.
"41 case" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:32 min | 1 year ago

"41 case" Discussed on Bloomberg Radio New York

"IRAs and 41 case recently, and I was feeling pretty good about myself until I saw your story bed. I'm like, all right, Peter Thiel's got maybe here when I first read your story benefit. All right. There's a scam here. This is something that the IRS is going to have to take a look at. But in reality, it doesn't seem like he did anything wrong. Except the valuation. I want to point out, Ben. It wasn't 1/10 of a cent. Those PayPal shares were valued at 1 1000 of Ascent. Um so The question is, was that a fair valuation for the 1.7 Million shares of papal that he put into his Roth are IRA and a reminder to listeners? I mean, we all know sadly because it's so painful. You can contribute at most $2000 a year to this vehicle. The papal was already getting going at this point. Uh, steelhead? Um, already he went like $100,000 to start up. It's hard to believe that that that was what the shares were worth. Given the fact that you know, just a few months later, they attracted a bunch of investors. I think Value the firm and millions of dollars. So so yes, that is the part. That's a little fishy. The problem is that I'm the IRS doesn't have hasn't had the resources to go in and and argue with rich people about what the valuations of these things should be so that they're just completely outgunned, and they just don't have the resources. So is.

$100,000 Peter Thiel PayPal Ben $2000 1 1000 1.7 Million shares first few months later millions of dollars 41 case Ascent IRS year 1/10 papal
"41 case" Discussed on 106.1 FM WTKK

106.1 FM WTKK

05:46 min | 1 year ago

"41 case" Discussed on 106.1 FM WTKK

"I'd rather have, I guess the higher uh, he said, Guess what He's at Chuck, he said, Because I've heard you go McEnroe on the show, folks, this is immaculate Coach goes back and wrote, You cannot be sick. Yeah. All right. So here's my McEnroe with the day by the way, All right, So I was in Boston a couple weeks ago. Never been to Boston. I know you have to. Absolutely, Dave. I have not alright. Great city, especially, you know, any time, but especially now where you don't have to wear masks. All right? No. Durgin Park. I was right next to, uh yeah, it was right over the Boston comments in the Boston Garden. The gardens, The original Boston Garden, Chuck, as you know, your broadcasted there before is where the Bruins and Celtics play, but this was the in the theater District of Boston. What flew in all right if we weren't at a decent time, five o'clock in the evening. And I did the game. We called trying to find Uber ho boy, That's tough man. And I know and so I finally found a guide and you know when you when you When you order uber you look at the little dot and it shows you where the car is coming. It shows you where you are you little dot that shows you the car coming. He's coming coming coming, he said. He's one minute away for about 20 minutes, So I start to worry, so I called him, he said. I'm on the way and so I said, Okay. And then I texted me. Where are you? Because five minutes war would buy. Finally he canceled so I were waiting about 30 minutes and then he cancels on me and there's no recourse. Chuck. You know what I wanted to do Go McEnroe, But that wasn't the cherry on top of the Sunday guess what It was. I got an email from uber saying the driver said he showed up and you refused to wear a mask. Oh, come on number one. The driver never showed up. Number two. I was at the airport. So I had a mask on because they have no other choice. Yeah, to fly. You have to wear a mask. So It was a $5 fee for him not showing up. So I think he was pulling a little racket under scam. I think he does this a lot. And so he's probably in his own house or driving around the airport doing that saying no mask. No mess. Sounds like Roberto Duran, boss. So that may be mad truck, So I protested. I I use uber a lot. They got rid of the fee, but but there's no recourse. I don't even know his name. The driver. I can't. I can't. I'm mad, but I can't handle the anger anywhere something and I'm not. I'm happy. Yeah, well, it's crazy, and it's tough that we're just going to Logan and trying to get into the city anyway, so I'd like to take the tea. Usually that's the metro they have in there, all right, Going back to the restaurant owner, he said, Coach Here's the problem, and I said that it was so what's more expensive than what's going up because I've heard beef. We've heard a beef going up in price, He said. Coach is not the beef. It's a seafood. Really. We were right next to the ocean. What do you mean? He said, Well, there's nobody there. Nobody wants to shut the clams and oysters or the scallops. Nobody wants to catch it. But he wants to flee anything so the labor is hard to get, and he said, you know again, he said. I'm either going to have to cut portions or raised prices. What would you rather do? I said, Well, your portions are really good. And people like that. So if you start cutting the portions People might complain more than raising the prices because we're all getting used to this and that again goes back to your question. The silent killer Chuck the silent tax is inflation because it's costing you more for the goods that you used to paying less for again. Look at by building houses and and everything you've heard about, and it's a lot of things we don't hear about that are getting a lot more expensive, too. So what does this all mean? Besides coach Pete hearing at his grievances, it means that as we go forward in life, we are not in control of certain things. But there are things that we are in control of that. We don't take control of when we should. The first one is making sure you have that proper retirement plan put together for you before you get to retirement. If you're in retirement now, and you don't really have a plan now is a really good time to get a plan. What do you think? Chuck? Of? Absolutely so? Absolutely. So we got a guidebook retirement planning how to create a retirement income plan for life. And we what we do, Chuck is we customize based on what you tell us. You want to do customize a plan. The strategy process is the most important part of the financial world, and it's one of the most overlooked. There's plenty of people willing to sell your product. Any time you turn your back or turn around and sell this by this, you know that kind of thing. But why were you built? Why would you buy a product when you don't even have a strategy? So we specialize That's why we haven't had a complaint. In almost 30 years. We put together a strategy first. There's plenty of products out there. But once we have the strategy, then we know the guidelines that we will go out into the financial world and find the products that fit the strategy you have decided on. Well, I only want three things in life growth in common protection. Well, that's what we do. The G P I plan chuck growth protection, income and matter of fact, if you are one of the next 20 people call will customize a plan just for you taking all the McEnroe wish things out and making sure that you are 100% happy not Leave when you start, But when you finish and all the way through your wife because we're here, we spend a lot of time with our quiets, making sure that everything's fine and and things change in life and making sure that they are adjusting to the changes the right way. And so if you're one of the 1st 20 people call, we'll waive our $1000 planning feed. We're going to give you a three book set the box set again the Medicare Cheat sheet box set and also I've got a box set on the 41 case. If you want to find out more about the 41 K. It's got workbooks. Guy books DVDs in there as well. It's called the 41 K Survival box set. But more importantly, let's get that peace of mind that you deserve. And let's get those games and gimmicks out of the financial world. Let's get you on the right track for the rest of your life and give you peace of mind of confidence with a fiduciary planning firm, which means we have to put your needs above ours at all times. And keep in mind, folks. We're going to give a number out in a minute. No one's going to answer the number because we're here on the on the on the show, but number one, I don't want you to feel like you're going to be attacked or harassed. So just leave your message or text your message, and we'll be back in touch with you in the order that you called or text to make sure you get taken care of correctly and have those fees. Wait. It's a great opportunity coach and that's for retirees and pre retirees alike. His coach said. Just call. Lead the information. We get back with you and set up this comprehensive review call or text coach Pete's answer line 806 61 73 83 The number again is 806 61 73 83. Oh, and ask about that four..

$5 Boston $1000 Roberto Duran Dave 806 61 73 83 Chuck 100% five minutes McEnroe Pete 20 people Logan Sunday one minute uber three book about 20 minutes Boston Garden 41 case
"41 case" Discussed on WCBM 680 AM

WCBM 680 AM

03:02 min | 1 year ago

"41 case" Discussed on WCBM 680 AM

"And others have been laid off as elective procedures and non emergency doctor and dentist visits are postponed, perhaps indefinitely. Now there is also a continued erosion of seniority based advantages in the workplace. I think about it while illegal Discrimination and hiring someone close to retirement age, given the health risk and other concerns that that happens as a result, since the pandemic began 42% of older workers who lost their jobs Say that they rather retire than try to go back to work Good for them. So what's the main hesitation people have when deciding whether to leave the workplace early, a misconception that they can't afford to retire. That may be true. For some, however, many are surprised or pleasantly surprised to find that after reviewing their accounts and options, whether financial consultants such as ourselves there financially able to retire. This helps alleviate the stress caused by uncertainty and provides people with reassurance and options. We see it. Every day. Somebody comes in and you know, there's like most people. They got a bunch of iron raise or a bunch of 41 case and they have no retirement plan. And they're afraid they know they have a little bit of money. So have a lot of money, even people with a lot of money or freed because they don't have a retirement and complain and you can see the relief. When we show them the numbers because we factor in the pension if they have one social Security, retirement savings, regular savings, and we put that all together for him. And I can't tell you hundreds and hundreds of times we've seen you could just see their face The reaction. It's like, Wow. And you know it is true Rod that we are seeing a lot lot of the younger people coming into. We are because That no more pensions, no more pensions right and they want to get out of the workforce early, right? A lot of them do even when many older workers realized that they had the financial stability to retire. They find the pulling The ripcord on iguana career requires a significant mindset shift. Besides adjusting to a new schedule, that transition involves reshaping your lifestyle in goals, many people many focus initially on travel. That's the number one thing we get. Hobbies were volunteering to derive some well self identity, particularly if they found great satisfaction and their careers that they no longer have Well, you've been listening, safe Retirement solutions radio. It's time for another break. But stay tuned. We've got a lot of good stuff to talk about helping you. If you want to retire early, we will be right back. That's our news on Jeremy House in Washington. President Biden is marked his first Memorial Day weekend is commander in chief by honoring the nation's sacrifices.

42% Washington hundreds Rod first President Biden Memorial Day 41 case times one one social Jeremy House
"41 case" Discussed on 106.1 FM WTKK

106.1 FM WTKK

01:44 min | 1 year ago

"41 case" Discussed on 106.1 FM WTKK

"Too much to have two little long term care. Could you use a life insurance policy to pay for long term care? Stay? Yes, you can. If you have the right one. All these different things we touch on Do you have the true growth protection income plan where your money grows, and you don't lose it back once you get it, That's the main thing is locking your gain in Don't don't give it back. So we need to make sure we have the tax situation. Your tax situation. Analyzed. Looking forward to protect your behind from the tax man having a T and s tax navigation strategy in place before retirement if you already in retirements, never too late to get it going right now. Having a lifetime income plan that you'll never outlive, making sure you fully implement the strategic development process that could be available for you in a customized manner. Our team will put together for you your very own plan. It'll include the calculated risk exposure level right now, what's going on in your portfolio looking at If the market with the wrong way how much you could lose what could really happen? What kind of financial termites do you have in your portfolio risks, Fees, commissions. These UFOs unidentified financial objects. What's going on there? We'll help you at all that and then put together a plan you could believe in. You could be confident in and you could depend on Steve the next 20 people. That's the $1000 value. The next 20 people who have the least $200,000 dedicated to retirement. This offer is for you. And if you have over a million dollars for retirement, um or our strategies work really good for you, Steve. Let's make that available and also three books set and that box at the 41 Case Survival box that this is over $1000 value When you had everything up. That sounds fantastic. You heard coach the next 20. Callers right now are going to get all that and more. You're going to find out that it's a It's an opportunity to sit down and put together of no retirement road map. If you will. Coach feeding the team can take a lot of complex financial world really break it down, Make it clear make it easy to understand. Here's your chance to get a true practical retirement.

Steve $1000 20 people $200,000 over $1000 two 41 Case three books over a million dollars 20
"41 case" Discussed on KLBJ 590AM

KLBJ 590AM

07:38 min | 1 year ago

"41 case" Discussed on KLBJ 590AM

"You know that winter Storm had brought some silver lining. If you will, back in February, just in our 1st 2nd. I was sure with you that there's A lot of that experienced Damages and losses to your property that winter storm and a lot of that can be deductible. And you know, just to reiterate one of the main reasons I want to talk about that today is because generally, when you have a laws, these laws have to exceed 10%. Of your adjusted gross income. When a lot of you that means the loss would have to be really big to even qualify. Well, they've ways that So the losses that you incurred whether it's you know, a $500 set of shrubs or you lost thousands of dollars in water heaters, full equipment. You may want to consider getting that stuff repaired so that you can deduct 100% of it. Another thing that has come about because Texas was declared a disaster area. There's something called Acute D D now last year because of coronavirus. I talked quite a bit on this program around what was called Um uh, C r D, which was a corona virus related distribution and the Corona virus related distribution allowed. Individuals to take money out of their 41 case. Or there, I raise. And you could use that money to, you know, maintain your standard of living of your about work last year, and it just gave people access to money. There are in a very tough period time. Well, Q. D. D is a Qualified disaster distribution and that's effective here in 2021 because of Winter Storm Yuri back in February. Why would people consider Taking money out of their 41 case. Where I raise Through this two d D method. Um, you may be saying, Well, you know, I understand the court the coronavirus distribution last year. A lot of people without work. Why would they allow this? In the event of the Winter Storm. Well again because a lot of people were out money, and they may need money that they didn't have in bank and CDs to make repairs. But let's talk about Strategy that could make sense for some investors. When you've got the bulk of your wealth tied up and 41 case Generally you're going to be limited to the mutual fund the options in that plan. Depending on the size of your company the company worked for could be very few options. Could be a lot of options could be expensive options could be very affordable options. Every plans different. But for those of you that are looking to maybe further diversify. This would give you an opportunity to move up to $100,000 out of your 41 K. Into an IRA, eh? And further You could further your diversification. Okay, That's one method. But think about it This way. We talk all the time on this program about the power. The benefit of a Ross. I, Ray so some individuals may consider moving money out of their 41 K as I mentioned up to $100,000. Now when you take the money out through this huge D D provisions that qualified disaster distribution provisions It allows you to pay taxes on that money. Over a three year period. So you get to stretch out the tax bill. Normally if you take money out of your 41 K Generally you're gonna have a withholding on that It's subject to what they call mandatory withholding. Engages. That's 20%. So if you take the money out as a Q D D That distribution, whether it's 10,000 or up to 100,000. Will not be subject to mandatory holding. So that's that's good there. The second thing is, you would be able to spread the tax out. Over three years instead of having to pay it in one year. Generally, if you took money out of your 41 k pretax for one K, you have to pay 100% of the tax. On the distribution in the year. You did it. Let's say you rolled up money. Into a Ross out of your 41 K. Change. You could stretch the tax bill out. Okay, You can stretch the taxes out over three years. What a gift That is. And by the way, tax rates likely will be changing next year. So you may pay a little bit more of the taxes this year strategically while tax rates are lower. Now, let's say that you don't want to do the Ross strategy, but you want to get the money out. For whatever purpose, Whether it's diversification. Maybe you needed the money for repairs. Um other things if you were to Case. We take the distribution out like I'm mentioning, and you pay the taxes. You're over a year. And then we're to get that money back into The 41 K over that three year period. You could then go back in Amend that your returns. And get a refund on the taxes you would pay. So there's a number of ways that families are going about this and don't hear me wrong. We want you to be saving aggressively for your successful retirement. However. Our job on this program is to make sure that you're in front of the tax changes your front of the opportunities that come whether it's coronavirus. Rather, it's just Yeah. Qualified disaster distribution and a lot more. Don't just take money out, willing knowing and go buy a car with it. Don't just go. You know, update the house. This is a strategic move that could better your position tax wise, if leverage correctly. Why 1283605 90 can show me right now. 51283605 90 couple of things I want to talk about the day. Are a lot of you are inheriting money from family members. And if it's a parent's a mom a dad a brother, a sister. There's been some confusion around the idea that we may need to take money out immediately of this account. Before 2019 When you inherited I raise What happened was.

$500 100% 20% 2021 last year 10,000 one year 1st 2nd 1283605 90 Texas thousands of dollars Ray February next year 41 case today 51283605 90 three year 10% 41 K.
"41 case" Discussed on WHAS 840 AM

WHAS 840 AM

03:16 min | 1 year ago

"41 case" Discussed on WHAS 840 AM

"My guess would be 72 like the regular IRA. So you still may be able T cumulate tax free money up until then, And when you take it out, if they do require this distribution from a Roth it's not gonna be taxable to you. At that point, you're just gonna have to put it in something else is going to create more attacks, so Let's not get derailed from the strategy. I mean, if it's if we're trying to minimize taxes on the 41 case that we've we've developed over the years, let's continue to talk about or have the discussion about doesn't make sense to go ahead and convert some of that now and pay the taxes while the tax rates are lower, as opposed to waiting 10 years from now, when we don't know what they're gonna be the backdoor Roth IRA, it says here might be eliminated. Explain what that is. Sure, the backdoor Roth IRA was a way that folks that did not qualify for a Roth, meaning you had too much income to put into Iraq to contribute to a Roth. It was a way for them to start a Roth without actually needing that. So basically what it was is that you could contribute to maybe an IRA and then automatically change it or converted to a Roth IRA after the fact. So that way you got into the Roth again. I don't know that That's a good mechanism as to how that's going to affect, you know, future investors. I'm not sure that I do think that the idea of converting Are a money from a traditional IRA to a Roth is still very valid. I think there's still something that you wanted build into your type strategy, but again, something that they're thinking about eliminating and this is the one that actually has me just all twisted up, it says, putting a limit on the amount that can be accumulated in an IRA or a four Oh one K and it says. Prohibiting additional contributions after the individual a cruise too much in their retirement account. And to that, I say What? Who? Who tells me that I have saved too much for retirement. What is that level of who makes that decision? Well, I think this is gonna be one of those, potentially one of those throwaways. Because the fact is is once you put it into the four Oh one k the hour arrest knows that this money is going to continue to grow inside that account, so they know that future taxation is going to be on their side. So this may be something that there is putting out there to get us to react like you're just you're reacting and say, Hey, it's you know, it worked way we're eliminate that, But we're gonna focus and we'll give you that one. But we're gonna take these three, okay? And they may actually come back and say there's gonna be an access tax on Larry. That's over a million dollars or whatever the number is. And I've heard him talk about that before. It hasn't passed in the past tax bills. It gets you talking to get your concern and all that stuff. Now what they could end up doing is really saying, you know, we're gonna change the age or the if you have too much income. They could go back to say Hey, you can't convert anymore to Roth or something like that. I do see him doing something like that. But here's the question, folks. What if you knew with a high degree of certainty that you were going to be okay and retirement? You were going to be all right. You're going to have money to make it all the way through to your nineties or what if you knew that what you were doing right now wasn't going to be quite enough when you want to know that as well. You'd want to have your plan put together. For the last 10 years. We've helped folks just like.

Larry 41 case 10 years three Iraq over a million dollars one Oh one K last 10 years nineties 72 four Oh one k four Roth
Explaining Biden's Tax Plan

Gil Gross

02:39 min | 1 year ago

Explaining Biden's Tax Plan

"Biden administration agenda. He has several tax proposals, and so there will be increases on income tax, especially for the those making over the middle income range all the way up to the high income earners. He is going to do away with pretax contributions to 41 case. It looks like And make you report all of that on your 10 40 tax return, And then he's going to give you a credit for people making more than the average American that is going to cost you tax because the tax credit is not going to be the same amount that you would have had. Had you been able to this put in the pre tax dollars in the higher tax brackets, Okay? The capital gain. Tax rates are gonna double and he's going to do away with the step up in basis on long term capital gains. That would mean if you inherited a million dollar rental property that your folks bought 30 years ago for 250,000. And it doubled the 500,000 and 15 years and that 500,000 doubled to a million and another 15 years and you inherited and you sell it for a million won under the trump tax. Cuts, you would only have to pay 20% in federal capital gain tax on 100,000 What you sold it for over above what it was worth when you inherited it. Now there is still a surtax for Obamacare. What is it 2.8% of whatever on then you have many states will charge a capital gain tax rate to so many people pay more like 28%, or 30% in capital gains rates between the federal and state. Well. Biden wants to increase that upto ordinary income rates of 39.6% from 20%. So that's almost double. But you do away with the step up in basis. That means if you inherited that million dollar rental property from your folks You're gonna have to pay tax on the entire gain. And at 40%, you're gonna pay 400,000 instead of 20,000 and tax. So these are the things that are taking place and also the estate tax. He's going to take that from about 40% of toe 67% and probably lower the threshold when you start paying that tax. Heaven forbid he doesn't take it down all the way to the million where Hillary Clinton wanted to take it back down to, But many states will tax you on what you leave behind as an inheritance on every dollar over a million bucks, Okay? So folks taxes will likely be going up to cover a lot of these various initiatives that Joe Biden wants to implement. So this is where

Biden Administration Biden Hillary Clinton Joe Biden
"41 case" Discussed on KSFO-AM

KSFO-AM

01:48 min | 1 year ago

"41 case" Discussed on KSFO-AM

"Of 41 case, especially in the market. At retirement at retirement Planning is something totally different than maybe what you did for retirement planning. Okay, so going back to the advice here. I would redirect all over ridge that you're being matched to your private, non qualified plan. My favorite place is a max funded. Indexed insurance contract where I have earned average rates of return of 8.2%. Okay, that's net cash on cash after all costs. For the last golly 46 a half years. The last 25 years, I've been many, many periods where I've averaged 11 netting 10. There are years like 2017 many people following what I'm talking about here. Locked in gains of 16% and 25%. And if the next year it didn't crash, But the next year, 2018 if it would have crashed 40 or 50%. They wouldn't have lost the 25% They made I had a client had a million bucks in 2017. At the end. They had a million 250,000. If 2018. That was a whole hum year. But if it would have crashed 40% like 2008 10 years earlier, they wouldn't have lost the 250,000 they made the year before. This is a concept called locking and reset. So my favorite vehicle is a is what I call a laser fund because laser stands for liquid assets. Safely earning returns. And that's where I think you ought to have 40 to 60% of your serious cash when you.

"41 case" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

05:25 min | 1 year ago

"41 case" Discussed on Newsradio 1200 WOAI

"Savings because their pensions from work and they're so security was Maura than enough for them to deal with the income needs that they had and pay the bills. They were good to go. Well, I don't have a pension. I've got a 401 k 41 case or not Pensions, Social Security. I don't know. Maybe, you know, I think it's gonna be there for me because I'm 61 years of age now, my life's about over, so I'm about there in that position. I think I'm okay. But if I'm 30, so scared is gonna be a little different. Probably when I get to that point or from 40. Let alone I don't know of it. Even if you're 50, I guess Brooklyn. You're you're not even that agent. How do you look at Social Security Because so security is kind of one of those moving things and election times. Everybody's taking shots at Social Security. And all of this. Where is so security? I'm 61. I'm not worried about it. I think it'll be there for me. But if I'm 40, I'm not so sure. What do you think? Yeah, So when we have people that come in here that are under the age of 50. We don't really factor Social security because we don't know what form it's going to be in. Obviously there'll be something because you're paying into the program, but we don't want to rely upon it in the stage that it's in currently so We run a bunch of different scenarios, but I would rather people that are under the age of 50 just kind of blocked that out if you will, because so much could happen between now and the time you retire, so you've got time Tol work and save if you're under the age of 50, so let's you know, let's try and hustle and compound that interests and have as much possible. Not just tax deferred, but tax free are taxable. Once you get to your retirement age, when you think about retirement and longevity is a factor, right? How are you going to live? Nobody really knows that answer because things could change tomorrow, Or you might live to be 101 105. I mean, those kind of things happen. So you do have to have that plan in place and it and Texas financial advisor it's called the TF, A financial freedom road map running you through your income plan, your investment strategies, tax efficient strategies, healthcare planning, legacy and estate planning. It's all part of the TF, A financial freedom road map. But one of the things that's really interesting because when you sit down with a couple or you sit down with an individual to talk about retirement, you don't know how long they're gonna live. You don't know if they're gonna have health issues, so you have to figure out okay. What's going out? What's coming in? Where does your kind of your retirement spending plan or budget? However you want to look at that, because it used to be kind of the million dollars boy find get $2 Million. I'm good. And if you remember broken, you're probably big fan of Dr Evil in Austin Powers. You remember that? Did you watch that? I watched some of for me like, Yeah. $1 million And of course, when he told the world leaders he was holding the world for ransom for that $1 million They laugh and they're like a million dollars. What do you you don't you don't drink very big here, Dr Evil, but I think a lot of people go. Well, I haven't. I'm never gonna be able to get to a million dollars. That means I guess I could never retire. Because there are people that don't need a million dollars to retire. And then there are people that need way more than that. That's a big question. I'm sure Do I have enough Brooklyn? Well, my money last is long as I do. Those are big questions. Sure and again. It's about how you strategize their leverage that money, So you know there's a lot of ways to do that. While you're working, want to take advantage of compound interest? You want to take advantage of buying when the market's low, you know, I see a lot of people that got kind of a knee jerk reaction, and they shifted all their money, too. You know, say cash for the stable value account within their retirement account before the election, But when do you put it back in? I will tell you that nobody can be a market timer. About time in the market, Not about exactly when you put it in or pull it out. And so we show people you know again. How did these strategies work together? And there's this different ways to structure this personally for for people again. Depending on where you are in your retirement stage. Let's pretend that you're approaching retirement or your five years out or you're about to retire tomorrow. We like just kind of segment money into different buckets, if you will, for different purposes of time. In order to structure your income so that you know Hey, whether there's an election or not, You've got X amount coming out every month so you can go live your life and you can not worry about What that income's gonna look like month to month. You know again by structuring money into buckets that allows for flexibility, because what's working for a bucket 1 may not work for bucket to bucket three, bucket four. And it allows us for diversification and also to rearrange the buckets as new products and new opportunities come along. There's a lot of moving parts as we said the TF A financial Freedom Road map is here to put it on paper, and it's not 90 pages, so it's not something you're just going to take it and be looking my pretty pie chart. That's not how it works, a Texas financial advisory Brooklyn, the team wants you to understand where you are. And what they can do. Maybe to help you moving forward so that your money will last as long as you do, And that if you do want to leave money to your Children or your favorite charity, or what have you that you have a plan in place? For all parts of the TF, A financial freedom road map, the income planning, right? You gotta replace paychecks or no longer coming in investment strategies. Not gonna invest it 65 like you did a 35 more than likely. What about taxes? We know taxes, probably going up in the future. So do you have a plan for that? And then what about health care long term care? Those are big concerns or l retirees have today and then legacy in estate planning. It's all part of the TF A financial freedom road map. You want to call.

Brooklyn Dr Evil Texas Maura Tol advisor Yeah. Austin Powers
"41 case" Discussed on 860AM The Answer

860AM The Answer

02:44 min | 1 year ago

"41 case" Discussed on 860AM The Answer

"Mark is just not coordinating the individual accounts they have, like the 41 case of the IRA's to be sure that in the end they're the combined assets are actually working together to get them to their goals. That's true. Very often. People don't understand how t coming or I call it Marry, how to marry a co mingle the various account that they have with so security attention income madam mentioned perhaps real incomes type of thing. You see? So so these things, It's hard to say it's a puzzle. We want to put the proper pieces together in a certain time, and it's It's also timing in terms of when we're going to take income from certain accounts. And why. Okay, I know we have to take our Indies at 17 have are 72 now not 7.5. I know we have to do things like that. But maybe you want to just postpone taking money from one particular account for for some pretty time. Look, I, for example, I have an account right now that I don't plan on taking money out of that account for another nine years. And right now, you know if I look at the dollars and cents of it, how much it's making, and I was making a percent a year without fail, making me a present here. So in nine years that amount of money is going to be really hefty, really have really, really, really, really happy. And that means also that my I'm also nine years older, which means my withdrawal factor even increases, So I'm going to take a larger percentage in come out, So I've got the inflation man beat Sometimes when it comes to Hey, how am I gonna combat inflation as time moves on because I'm not going tomorrow? I'm a liver ever. Not forever. But long time. Alright, So, so this is how we want to play the game. You want to say? You know some people say Well, you know what $35,000 a year is not enough money for me to retire? Well, it might not be Like I said earlier says if you want to make more if you want more money in 10 years and not for retirement, then you gotta make more put more away would be more diligent about yourself. I can't make the money for you. But I can make it. I could I could position the money. So where it'll never go away, and I can position the money from now. So then you grow your money 8% here, which is a lot more money than a stock market can do. That's a no brainer. That is a no brainer. When you tell any show people this stuff and telling how simple it is, they say, I can't believe it's a simple well, it is not rocket science. Okay, It's not rocket science, but also again, you know it's a shot in the arm, but you've got to make that call. You call me and set up some times. We have this conversation about what's important to you. It's not important to. You know that's a great point. So you've got to make the transition to having that phone call in that conversation. Mark said. You've got to call him so do yourself a favor. Do your time in favor. Reach out the market. Have that complimentary review, gets your own retirement game playing and ate for four triple 975 to 6. That's 844 Triple Nine plan again. There's no cost or obligation to sit down and talk with Mark. He's got 25 years of experience. As a certified senior advisors, an income planner, and he's with platinum retirement solutions. So give him a call a date for 499975.

Mark
"41 case" Discussed on KLBJ 590AM

KLBJ 590AM

01:54 min | 1 year ago

"41 case" Discussed on KLBJ 590AM

"You out there? That Are needed to access money in your IRAs and 41 case made because you washed your job has had a significant pay cut. You're trying to bridge the gap. If you typically go touch money in IRAs and 41 case, you're crushed. Not only taxes, but with the 10% penalty on whatever you take. So if you took 100 grand out Okay? $10,000 in penalties. If you're under 59, half normally Guess what. This year. 2020 only There is waivers on the 10% penalty. The government saying, Hey, The stimulus check may not be cut for those of you that are needing. In common eating money to live on. So if you need access money in your 41 K or irate We're making a little bit easier to do that. My closing statement tonight. What I want to do is I want to show those you out there that have not been impacted with job loss or pay cuts. Those of you that are thinking well. I don't need access money in my four, okay? Out of secure Act Help may let me show you a strategy very unorthodox that more than likely you have not considered And why many investors out there are taking money, Other IRAs and 41. K's to better their retirement future completely completely against the grain. You're going. How does taking money out of dryer, a former K. Well, you're younger. Make any sense for the success of my future retirement. I'm gonna tell you on the other side. The break keep it right here. Duncan is here to keep you running with a much needed taste of normal toe, work home or work from home with the coffee you like.

Duncan
"41 case" Discussed on KGO 810

KGO 810

07:47 min | 2 years ago

"41 case" Discussed on KGO 810

"Has six advantages. Welcome back. This is Doug Andrew. Three dimensional wealth radio. This is a question that I asked thousands of times and on my YouTube channel three dimensional wealth. I have several YouTube videos that talk about some of the advantages. But the many disadvantages that Roths have a rough I usually say. Is a step in the right direction. Okay, but it still has too many strings attached. So let me explain. See for years, people put money into traditional IRAs and 41 case where you get a tax break on what you contribute. Okay on IRA, you get a tax deduction for a one day you're putting in pre tax dollars. It accumulates tax deferred, and then you agreed to pay a tax when you take it out during retirement, and most people have been told. Oh, that's going to be the best way to go because you will likely be an a lower tax bracket when you retire, folks. That has not been true or axiomatic for more than 25 years. People are not in lower tax brackets when they retire. Why? Because most of the time they've been killing their deductions, they've been going down the highway with 1 ft. On the gas pedal, putting money in IRAs and 401 K is tax deferred tax differ, and they had the other foot on the brake pedal at the same time. In other words, that they were paying off their house, and so you don't have that deduction anymore. The kid's air now all gone, or if they're not gone. If your adult Children still live with you, you can't deduct him anymore. You're not contributing money, Diaries and for one case in retirement, you don't have that deduction anymore. If you're a business owner, you don't have those deductions anymore. If you sold your business, and Congress keeps raising taxes, and this is what Joe Biden and Kamala Harris are wanting to do, they want to increase taxes back up again and also do away. With the step of been basis are long term capital gains and raise capital gains tax rates from 23.8% up to 39.6% right off the bat. They have to raise $750 billion right off the bat for their just their health care initiative that they're talking about. And so, folks, if you can see the writing on the wall whenever I asked audiences throughout America, how many of you in this room of 2000? People think that in the long hall taxes are going to go down there going to be lower? I get nothing but crickets. How many think they're going to be the same one or two hands goes up. But when I asked how many think they're going to be higher, Ah si of hands goes up. And then I go well, why are you continuing to postpone and delay the inevitable put money in tax deferred diaries of foreign one case and let it continue to grow tax deferred to some future perceived unknown advantage? And then withdraw your money down the road when you're all convinced taxes will be higher later. That doesn't make any sense. And all of sudden they do this double taking the dog. I guess we've just We've been following the herd to everybody's doing. We we never thought about this. Well, it's time to think about it. That's why many people when they would come to me. They would be way too top heavy in the yet to be taxed IRA fora one k in the market bucket. It's usually when we call the investment bucket, and I would look at people say, what are you thinking? You know, before you retire, I would recommend that no more than 30% of your money be in yet to be taxed diaries and fora one case in the market. In fact, if I had my druthers, I'd say none of your money should be in that bucket. You need to transfer, in my opinion, maybe 40 to 60% of that out over a five year strategic rollout and reposition it into a tax free bucket. So a strategic rollout is not the same thing as a roll over roll over is going from the frying pan into the fire. See a rollout. You're getting the money out, and you're getting the tax is over and done with in today's lowered tax brackets, and then you're repositioning the after tax money into something that's gonna be tax free. From now on and be immune from taxes have inflation work for you instead of against you and number three. You'll be immune from market volatility because your money's not in the market anymore. You get to participate when the market goes up. But not lose when it goes down by using indexing and those are my favorite strategies. So my favorite vehicle is what I call the laser fund because it passes the liquidity, safety and rate of return test with flying colors, and it's tax free to boot. And most people have their money in investments that fail. What I call the laser test. It's not Really liquid. When you need the money are you trigger penalties or taxes? It's not safe. You can lose when the economy drops and sinks and goes down and you're not earning a predictable rate of return. Or if it's in the market. You really only averaging about 3.5%. You could be earning more like 789 10% and have it be tax free. And so that's why the laser fund is ofttimes referred to by savvy C P A's and tax attorneys as the rich man's wrath. Why, Because rich people can own a Roth See they make too much money. Ruff's have two advantages You take after tax money, and you put it in there, and it grows tax free. And you can take it out Tax free. A laser fund has had those two advantages for more than 100 years and the Internal Revenue code. But a laser fund has four additional benefits that Ross will never have. What are they? If I have a banner year, and I designed my laser fund to accommodate 300,000, or three million I can throw that much money in. You could never throw in that much money into a Roth and lets it was a one time roll over. During a banner year I can put in 300,000. But let's I only put in 30,000. So I had 270,000 of room that I didn't use. I could make up for that. In the 2nd 3rd 4th year. I can I can make up for all the years I could've been in 300, but I didn't. You can't do that in a raft once a tax year goes by. If you didn't use the room, you lose the room. And so I have all kinds of flexibility with the laser fund. The next benefit If I put in, let's say 300,000 and 30 days later, I need 250,000 of it for Teo for an emergency or an investment opportunity or to start a business. Whatever I can access my money, and I don't have a penalty by the IRS. In a rough You have to wait five years or till you're 59 a half. There's always strings attached. And so I can put money in. I can pull it out. It doesn't trigger penalties by the I R s or anything like that. The fifth advantage is I can use indexing. See when the market goes up, I get to participate. I maybe earn rates of return some years. I've I've locked in gains of of 16 17% other years as much as 25% by using some performance and multipliers even higher than that. You can't do that in a Roth because your money is usually if it's in the market, you are subject to Los Soh indexing allows me to make money when the market goes up, but not lose one diamond due to market volatility when the market goes down, which it will always do, so I love the ability to use indexing. To protect myself and only participate when the market goes well and not lose when it goes down. The last big advantage of a laser fund over a Roth is if you pass.

Roths YouTube Doug Andrew business owner Congress America IRA Joe Biden IRS Los Soh Kamala Harris Ruff Teo Ross
"41 case" Discussed on 860AM The Answer

860AM The Answer

07:46 min | 2 years ago

"41 case" Discussed on 860AM The Answer

"Is Doug Andrew. Three dimensional wealth radio. This is a question that I asked thousands of times and on my YouTube channel three dimensional wealth. I have several YouTube videos that talk about some of the advantages. But the many disadvantages that Roths have a rough I usually say. Is a step in the right direction. Okay, but it still has too many strings attached. So let me explain. See for years, people put money into traditional IRAs and 41 case where you get a tax break on what you contribute. Okay and IRA, you get a tax deduction for a one, Kate, you're putting in pre tax dollars. It accumulates tax deferred, and then you agreed to pay a tax when you take it out during retirement, and most people have been told Oh, that's going to be the best way to go because you will likely be in a lower tax bracket when you retire, folks. That has not been true or axiomatic for more than 25 years. People are not in lower tax brackets when they retire. Why? Because most of the time they've been killing their deductions, they've been going down the highway with 1 ft. On the gas pedal, putting money in IRAs and 401 K is tax deferred tax differ, and they had the other foot on the brake pedal at the same time. In other words, that they were paying off their house, and so you don't have that deduction anymore. The kid's air now all gone, or if they're not gone. If your adult Children still live with you, you can't deduct him anymore. You're not contributing money, Diaries and for one case in retirement, you don't have that deduction anymore. If you're a business owner, you don't have those deductions anymore. If you sold your business, and Congress keeps raising taxes, and this is what Joe Biden and Kamala Harris are wanting to do, they want to increase taxes back up again and also do away. With the step up in base is a long term capital gains and raise capital gains tax rates from 23.8% up to 39.6% right off the bat. They have to raise $750 billion right off the bat for their just their health care initiative that they're talking about. And so, folks, if you can see the writing on the wall whenever I asked audiences throughout America, how many of you in this room of 2000? People think that in the long hall taxes are going to go down there going to be lower? I get nothing but crickets. How many think they're going to be the same one or two hands goes up. But when I asked how many think they're going to be higher, Ah si of hands goes up. And then I go well, why are you continuing to postpone and delay the inevitable put money in tax deferred diaries of foreign one case and let it continue to grow tax deferred to some future perceived unknown advantage? And then withdraw your money down the road when you're all convinced taxes will be higher later. That doesn't make any sense. And all of a sudden they do this double taking the dog. I guess we've just We've been following the herd or everybody's doing. We we never thought about this. Well, it's time to think about it. That's why many people when they would come to me. They would be way too top heavy in the yet to be taxed IRA fora one k in the market bucket. It's usually when we call the investment bucket, and I would look at people say, what are you thinking? You know, before you retire, I would recommend that no more than 30% of your money be in yet to be taxed diaries and for one case in the market. In fact, if I had my druthers, I'd say none of your money should be in that bucket. You need to transfer, in my opinion, maybe 40 to 60% of that out over a five year strategic rollout and reposition into a tax free bucket. So a strategic rollout is not the same thing as a roll over roll over is going from the frying pan into the fire. See a rollout. You're getting the money out and you're getting the tax is over and done with in today's lowered tax brackets, and then you're repositioning the after tax money into something that's going to be tax free. From now on and be immune from taxes have inflation work for you instead of against you and number three. You'll be immune from market volatility because your money's not in the market anymore. You get to participate when the market goes up, but not lose when it goes down by using indexing and those are my favorite strategies. So my favorite vehicle is what I call the laser fund because it passes the liquidity, safety and rate of return test with flying colors, and it's tax free to boot. And most people have their money in investments that fail what I call the laser test. It's not Really liquid. When you need the money are you trigger penalties or taxes? It's not safe. You can lose when the economy drops and sinks and goes down and you're not earning a predictable rate of return. Or if it's in the market. You really only averaging about 3.5%. You could be earning more like 789 10% and have it be tax free. And so that's why the laser fund is ofttimes referred to by savvy C P A's and tax attorneys as the rich man's wrath. Why, Because rich people can own a Roth See they make too much money. Ruff's have two advantages You take after tax money, and you put it in there, and it grows tax free. And you can take it out Tax free. Ah Laser Fund has had those two advantages for more than 100 years and the Internal Revenue code, But a laser fund has four additional benefits. That Ross will never have. What are they if I have a banner year, and I designed my laser fund to accommodate 300,000, or three million I can throw that much money in. You could never throw in that much money and do a Roth Unless it was a one time roll over during a banner year I can put in 300,000, but let's I only put in 30,000. So I had 270,000 of room that I didn't use. I could make up for that in the 2nd. 3rd 4th year. I can I can make up for all the years I could've put in 300, but I didn't. You can't do that in a raft once a tax year goes by. Ah, if you didn't use the room, you lose the room. And so I have all kinds of flexibility with the laser fund. The next benefit If I put in, let's say 300,000 and 30 days later, I need 250,000 of it for Teo for an emergency or an investment opportunity or to start a business. Whatever I can access my money, and I don't have a penalty by the IRS. In a rough You have to wait five years or till you're 59 a half. There's always strings attached. And so I can put money in. I can pull it out. It doesn't trigger penalties by the I R s or anything like that. The fifth advantage is I can use indexing. See when the market goes up, I get to participate. I maybe the urn rates of return some years. I've I've locked in gains of of 16 17% other years as much as 25% by using some performance and multipliers even higher than that. You can't do that in a Roth because your money is usually if it's in the market, you are subject to Los Soh indexing allows me to make money when the market goes up, but not lose one dime and due to market volatility when the market goes down, which it will always do, so I love the ability to use indexing. To protect myself and only participate when the market goes well and not lose when it goes down. The last big advantage of a laser fund over a Roth is if you.

Roths YouTube Ah Laser Fund Doug Andrew business owner Congress Kate America IRA Joe Biden IRS Kamala Harris 300,000 Los Soh Ruff Teo Ross
"41 case" Discussed on 860AM The Answer

860AM The Answer

05:15 min | 2 years ago

"41 case" Discussed on 860AM The Answer

"Even most life insurance ages don't even know how to structure them to do that. But I call it the laser fund. His laser is an actor Nam that I've used for years that stands for liquid assets safely earning returns that spells the acronym Laser. And so I want to have a vehicle that has tremendous liquidity where I can access money. I don't have to wait five years or telling 59 a half. I don't have all these strings attached. The benefit of the laser fund that yes, I funded with after tax dollars. I've actually funded it with with indirect tax advantage dollars, but that's another subject. But if you funded with after tax dollars that accumulates tax free and you access the money tax free, those are the two benefits of a rough. What are they for additional benefits. Well, I can put in AA lot more money into a laser funded by design it to accommodate 300 grand a year. I could do that. You can't do that in a Roth and lets it one time roll over something. But I don't have to put in 300,000. But I can If I only put in 1/10 that 30,000 I have 270,000 that I have room that I didn't use. I can make up that room and the 2nd 3rd 4th 5th year down the road. You can't do that with a qualified plan, like a Roth once the tax year goes by. The room. You permanently lose that okay? And so I would like the flexibility to be able to throw win money that I could have put in previous years, But I could do it in huge lump sums. If I put in, let's say 300,000 and 30 days later, I need 250,000 of that 300,000 for whatever game and investment or toe use for working capital for my business. I could do that with electronic funds Transfer a phone call. I don't have to. Ah, passed certain things or I don't have penalties by by the IRS. You can't do that with Roth. So I can put in money. I can access money. There's no penalties. I I can access money before age 59 a half. I've had people retire in their thirties because they sold their business or whatever. They have millions on his tax free and every 1,000,000 Khun generate 80 to 100,000 year. Tax free income for as long as they live. If they live to be 120 Okay? I've never seen Ross that Khun consistently give that kind of 8 to 10% pay out tax free without depleting principle, because most people who have Ross have it in the market and your money should not be in the market when you retire because it's too volatile. You can't create predictable income. But what are some other advantages? Besides, I can put in more money. I don't have to put in anything I could make up for lost room. I could access money. 30 days after I put it in. Well, I can use indexing. The indexing allows me to participate when the economy when the market is doing well. If the market goes up, I get to participate. But if the market crashes, I don't lose because my money is not in the market. It is linked to what the market does. But when the market crashes like in 2008 when most people lost 40% in that year in their IRAs inform when Kay's invested in the market on the average None of our clients lost a dime and the 1st 90 days of 2009. Most of our clients with the laser fund locked in gains a 16% tax free after not losing a penny. Most Americans that had IRAs and 41 case and Roths that were invested in the market. They had to wait until 2012 to get back to 40% they lost in 2008. By 2012. Most of our clients that triple the money they started with At the turn of the century, most Americans were barely backto break even after 12 years. That's why it's called the Lost decade. It was actually 12 years if you had your money in the market, and most of our clients tripled their money, a 1,000,000 triple 23 million Most Americans only had a 1,000,000. Well, so indexing you can use with the laser fund. You cannot. I'm not talking about index mutual funds. See if people say Well, I can have an index mutual fund with my wrath. I'm not talking about index mutual funds I'm talking about indexing is a strategy where you lock in your gains every year, and you reset so you don't lose the money you made in previous years. But the final benefit is when I die if I died right now, in an accident, every 1,000,000 in my portfolio of laser funds would blossom to about 2.5 1,000,000 transferred totally income tax free to my heirs. There's not a Roth around that will do that. And people say, Well, how much does that cost? Nothing, not the way I structure. It is not free. But I'm not having to pay it out of my pocket is being paid for with a minuscule portion of of interest, but otherwise go out the window in unnecessary taxes. Well, I'm out of time in this segment. But if you want to learn about how to empower yourself with something far better than a Roth Join us for an educational webinar. This is a free webinar were teaching this coming Wednesday. We will start this webinar at 12 o'clock noon Pacific time. That's one PM mountain time to be M.

Roth Ross Khun IRS Kay Roths