4 Burst results for "Twenty Eighteen Sixty Percent"

"twenty eighteen sixty percent" Discussed on News Talk 1130 WISN

News Talk 1130 WISN

08:38 min | 1 year ago

"twenty eighteen sixty percent" Discussed on News Talk 1130 WISN

"In twenty eighteen sixty percent a retirement assets were in self magical such as iRacing for one case compared to forty eight percent in two thousand so sixty percent of retirement assets are in areas of foreign cases post a forty percent just by the eighteen years ago a tech support attempted to help savers when we examine the trend of more companies offer Roth for one K. retirement state savings instead of just traditional for one case let's back up a little bit how our traditional Irish traditional for one case Roth iras and Roth four oh one K.'s alike they're all excuse me just getting over a cold I think sinus infection I still have this lingering goofy cough anyway they're all tax sheltered retirement accounts individuals contribute to advance themselves they all grow tax free so any dividends or interest or anything else you get this differs from tax or tax free to pay what type of a county health the what are the differences there are many two key ones of for one K. plans are maintained by employers employee errors unlike most IRA's and you can put in nineteen thousand dollars a year if twenty five thousand dollars if you're fifty or more age fifty better okay this is a key thing Paul because you can put twenty five thousand dollars a of what a way but if you have a company match the combined employer contributions for both company worker cannot exceed fifty six thousand dollars or sixty two thousand dollars if your age fifty or older so if a if a company does a one for one match all the way up to the full amount you can get fifty six thousand sixty will sixty thousand dollars a year into retirement plans have pretty generous contrast I reason Roth areas aren't workplace plants does he do individually six thousand dollars is the limit for twenty nineteen seven thousand dollars for each fifty or older let's start and end the the rough the the limits the income limits do not apply to rollovers you can roll over as much as you want but that is the key here is that for Ross IRA's and Ross for one case savers put in after tax dollars and withdrawals can be tax free for ever if the Sabres converting an irate to trick or Ross for it or before okay to Roth IRA income taxes are due on the conversion see pay the taxes up front tax free forever this is what I thought was a key line in this whole thing so once we've established that you could do traditionally get that deduction for or pay taxes up front I it just this interjected paying taxes up from most people would prefer that way I would assume well that is a good observation a lot of people want to get the deduction because that include on your income taxes so if if you pay the tax up front that means it's included on your income and we know what the tax rate is now where we don't that's right down that road and it's lower now and that's a great observation because that means that if you put six thousand dollars as an example if you put six thousand dollars into a Roth IRA or Roth four one K. you're effectively saving more for retirement did somebody put six thousand dollars into traditional I error IRA or four oh one K. even though the dollar amount is the same one you've already paid the taxes and that all gross tax free now the other one you're still gonna have to pay taxes the taxes will be due sometime in the future when I take those are and these are my four oh one K. sometime Jeff when I hit my retirement age and I start with trying I'd have to pay those taxes at that time that's a traditional for or that's correct yeah and then the Rossi so if you have six hundred thousand dollars in here IRA or six hundred thousand dollars in your Roth IRA which is worth more the roster is worth more the raw office yeah because you've already paid the taxes on it absolutely was a trick question Paul I kind of thought it was for a second you know it's kind of a tough pill to swallow at first Joe because Hey I got to pay these taxes but you don't down the road and we get that question all the time from the clients looking at do I contribute to the traditional four oh one K. or the Ross four oh one K. and it just depends on this on the individual client the situation for those young individuals that are in their humiliation phase with a lower income and lower income taxes a rock is a no brainer put all put everything into that rock really yeah yeah as you're young that'll continue to build up for those integrator individuals that like I'm fifty three are in a higher tax bracket it might be a mix of some traditional for one K. and some rock okay I got it kind of depends on this could I convert my four oh one K. plan into a Roth after you roll that out you could yes yeah yeah inside too but you do anytime we do that you have to pay the taxes up front yeah OB so you can go from a traditional to of a rock but every to any time you do that for whatever amount you do you have to pay the taxes up front now goes tax free forever then three additional benefits to the rough and let me just run through those before we go on a break I that benefits one is that the rock Tyrese don't have required payouts in retirement traditional or iris and for one case right now it's seven and a half and the new secure actors trying to reach it raise it to seventy two so I need seventy Hafer most likely age seventy two you have to take money out of your four one case where I raise the company once upon a Dick the government wants a pound of flesh so they're going to get it out of the year ID one way or another and that seventy two the unfortunate starting required minimum distributions you don't have that in for and rocks right now they may force at the future but right now you don't the addition tight about tax free what Roth IRA withdrawals don't raise your reported income so once you're the seventeen half and you have to take a required minimum distributions for some people it puts a higher tax bracket to pay higher taxes may be paying a higher Medicare premiums because their income is higher this that the withdrawals from Ross iris don't count towards that and finally if if for savers who don't need the money Ross diaries have helped older Americans leave more assets to heirs by providing tax free growth and withdrawals for many years after death new right now they're trying to limit it to ten years I would give their coverage great now it's based on the life expectancy of somebody Herzl inherits a Roth IRA they have forty three years old left of life expectancy that's how long they can keep the money in there Roth IRA Congress is trying to limit that to ten years either way tax free growth tax free transfer to next generation or to somebody else a tax free withdrawals you mentioned the next generation hair inheritance do you find your experience Joe with most of your clients that that's a goal or is it I just want enough money for me to live on through the rest of my life or is it a mix it's definitely a mix some people come in and you know we we identify that clients goals right up front to find out what what do they want to do with their money yeah some people it's very important that they leave a legacy and leave money to their their children or more importantly Crandall's yeah yeah oh yeah like you yeah but then we also have clients that say my kids are fine we want to spend it all and have just an outstanding retired right there's things we want to do our whole life for this part of gold is big nest egg and I'm gonna spend it for most of our clients we can accomplish both and their their lifestyle for for a lot of our clients they haven't lived extravagant lifestyle inaccurate grew dramatically changed our lifestyle in retirement or if they have lived extravagant lifestyle they would have had enough money they will send the fact that the money aside to taking continue at retirement so well for most of our clients or something but left at the end yeah yeah that's when that's good if you're the kids right now I have great kids and grandkids and it's nice to have an inheritance for Joe we've covered this in the past never count on it because you just never know when life right correct assisted living nursing home you don't know correct the stone there only a few guarantees in life death taxes and change we know changes coming that's why we meet with our clients on a regular basis to understand what those changes are and then adjust their plan accordingly when.

one K six thousand dollars six hundred thousand dollars twenty five thousand dollars ten years twenty nineteen seven thousand twenty eighteen sixty percent fifty six thousand dollars sixty two thousand dollars nineteen thousand dollars sixty thousand dollars forty eight percent forty three years eighteen years forty percent sixty percent four one K
"twenty eighteen sixty percent" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

05:11 min | 1 year ago

"twenty eighteen sixty percent" Discussed on Newsradio 1200 WOAI

"We're back with the lifestyles of the radio show this is Amy with today we've been working on your financial freedom by talking about those angel pay raises those those merit increases that come down the pike from time to time although we did see that in twenty eighteen sixty percent of workers did not get one so I hope you weren't I hope you didn't number in that sixty percent but on average we're seeing around three percent merit increase each year okay that's more recent and in the past decade it was a little bit lower obviously with the with the recession with the downturn but start to pick up a little bit as the unemployment rate has dropped us as much as it has but we're still only had about three percent so nothing nothing just nothing phenomenal there but what we're doing is looking at how do we compare as real estate investors when we buy a single family house just one rental house how do we compare to a wage earner in a couple different salary bracket so we had a guy that's making or gal fifty K. per year boss comes along give them a a three percent raise what fifteen hundred dollars course government's gonna take his share her share at eleven seventy after after taxes so about a hundred dollars a month and if you're making a hundred K. run into the same numbers are coming down to twenty two eighty net after taxes per year about one ninety per month where as we as real estate investors we buy that one house we put four hundred dollars a month the cash flow into our pocket that's forty eight hundred dollars per year that's thirty six hundred dollars compared to our fifty K. case study and twenty five hundred compared to our hundred K. guy or gal what's really interesting is we're not paying taxes on our cash flow if we're doing it right if we're using depreciation and if if I want to look at my pay raise and and and and affected is far greater than forty eight hundred because if I back into that which you would have to make as a as a as a tax paying individual if you're not fifty K. to twenty two percent tax bracket you gotta make almost sixty two hundred dollars and pay raise to get to where we're getting with that forty under that's a twelve percent increase now we talk on the show about the five ways we make money we talked about the tax benefits but there's another way as our tenants in place they pay down our mortgage force every month we're gaining some value there as well no it's not cash in our pocket it's it's in our savings account so to speak but we are making that money as well and I like to factor that in when I do my analyses on properties that I'm looking at the one I had that equity capture back yeah that's about eighteen hundred dollars per year and with rates that we're seeing now and and then the level house that we're buying you need to have a pay raise of eighty five hundred dollars per year if you're not fifty K. income slide in order to match me that's a seventeen percent increase are you going to see that not much jobs jobs and even if you hop jobs we've seen that it's coming in closer to five percent so the numbers are there and that's just if you buy one house I would look at it across ten years what if you buy one house every year for ten years and that's a very slow way to go about it I I speak from personal experience and from all the investors I know it doesn't ever go that slowly it doesn't have to you're in control remember that but let's just for the sake of argument say you buy one house per year now our guy or gal making fifty K. per year if they get that three percent raise every year we saw that it doesn't always happen but let's say they do at the end of ten years they've gone from fifty to sixty seven K. okay that's a cumulative increase enough I factor in taxes that's a cumulative increase over ten years of about fifteen thousand dollars now if you're in a hundred K. salary bracket Oakley over ten years you're gonna you're gonna go from a hundred to a hundred thirty four K. so you've made about thirty K. in extra salary again after taxes okay fifteen K. thirty K. if I just buy one house per year one house per year that's a very easy task that does not no there's nothing hard about that we're gonna at forty eight hundred dollars per year to our bottom line that's our pay raise by the end of ten years we've added forty eight thousand dollars okay were already eighteen K. ahead of our our hundred case salary earner but like I said we don't buy just one house per year you can you're in control you choose how you want to handle your business but we usually do quite a bit more I mentioned that back in twenty fourteen when my company didn't give me a raise I gave myself a raise by by five houses okay you can do this too but just another example five by one house for the first three years each year and then it's up to the two houses per year for the next three and then three houses per year and so on twelve what twenty two houses in a ten year period guess what my pay raises two hundred five thousand dollars okay and you can go even faster than that and you don't even have to stick with single family houses that's what I talk about that's what I know best but multi family boy there's a lot of power in a multi family investing as well so you again you are in control you choose do I want to buy single family do I want to buy multi family do I want to be a passive investor do I want to be a lead investor there's a lot of questions sure I get it it may break your head thinking about it but you don't have to think about those alone that's why we're here to help you out lifestyles unlimited we are in education and mentoring group and we can show you the way we can help you answer those questions that you got so if you're too busy to ask a question today you're welcome to email me at anytime at ask indeed at L. U..

Amy ten years fifty K three percent hundred K forty eight hundred dollars thirty K two hundred five thousand doll twenty eighteen sixty percent forty eight thousand dollars eighty five hundred dollars thirty six hundred dollars sixty two hundred dollars eighteen hundred dollars fifteen thousand dollars fifteen hundred dollars hundred thirty four K four hundred dollars twenty two percent seventeen percent
"twenty eighteen sixty percent" Discussed on Newsradio 1200 WOAI

Newsradio 1200 WOAI

05:04 min | 1 year ago

"twenty eighteen sixty percent" Discussed on Newsradio 1200 WOAI

"Freedom by talking about those angel pay raises those those merit increases that come down the pike from time to time although we did see that in twenty eighteen sixty percent of workers did not get one so I hope you weren't I hope you didn't number in that sixty percent but on average we're seeing around three percent merit increase each year okay that's more recent than in the past decade it was a little bit lower obviously with the with the recession with the downturn but start to pick up a little bit as the unemployment rate has dropped us as much as it has but we're still only had about three percent so nothing nothing just nothing phenomenal there but what we're doing is looking at how do we compare as real estate investors when we buy a single family house just one rental house how do we compare to a wage earner in a couple different salary bracket so we had a guy that's making or gal fifty K. per year boss comes along give them a a three percent raise what fifteen hundred dollars course government's gonna take his share her share at eleven seventy after after taxes so about a hundred dollars a month and if you're making a hundred K. run into the same numbers are coming down to twenty two eighty net after taxes per year about one ninety per month whereas we as real estate investors we buy that one house we put four hundred dollars a month the cash flow into our pocket that's forty eight hundred dollars per year that's thirty six hundred dollars compared to our fifty K. case study and twenty five hundred compared to our hundred K. guy or gal what's really interesting is we're not paying taxes on our cash flow if we're doing it right if we're using depreciation and if if I want to look at my pay raise and and and and affected is far greater than forty eight hundred because if I back into the which you would have to make as a as a as a tax paying individual if you're not fifty K. that twenty two percent tax bracket you gotta make almost sixty two hundred dollars and pay raise to get to where we're getting with that forty under that's a twelve percent increase now we talk on the show about the five ways we make money we talked about the tax benefits but there's another way as our tenants in place they pay down our mortgage force every month we're gaining some value there as well no it's not cash in our pocket it's it's in our savings account so to speak but we are making that money as well and I like to factor that in when I do my analyses on properties that I'm looking at the one I had that equity capture back yeah that's about eighteen hundred dollars per year and with rates that we're seeing now and and then the level house that we're buying you need to have a pay raise of eighty five hundred dollars per year if you're not fifty K. income slide in order to match me that's a seventeen percent increase are you going to see that not much jobs jobs and even if you hop jobs we've seen that it's coming in closer to five percent so the numbers are there and that's just if you buy one house I would look at it across ten years what if you buy one house every year for ten years and that's a very slow way to go about it I I speak from personal experience and from all the investors I know it doesn't ever go that slowly it doesn't have to you're in control remember that but let's just for the sake of argument say you buy one house per year now our guy or gal making fifty K. per year if they get that three percent raise every year we saw that it doesn't always happen but let's say they do at the end of ten years they've gone from fifty to sixty seven K. okay that's a cumulative increase enough I factor in taxes that's a cumulative increase over ten years of about fifteen thousand dollars now if you're not hundred case salary bracket Oakley over ten years you're gonna you're gonna go from a hundred to a hundred thirty four K. so you've made about thirty K. in extra salary again after taxes okay fifteen K. thirty K. if I just buy one house per year one house per year that's a very easy task that does not no there's nothing hard about that we're gonna at forty eight hundred dollars per year to our bottom line that's our pay raise by the end of ten years we've added forty eight thousand dollars okay were already eighteen K. ahead of our our hundred case salary earner but like I said we don't buy just one house per year you can you're in control you choose how you want to handle your business but we usually do quite a bit more I mentioned that back in twenty fourteen when my company didn't give me a raise I gave myself a raise by by five houses okay you can do this too but just another example five by one house for the first three years each year and then it's up to the two houses per year for the next three and then three houses per year and so on twelve what twenty two houses in that ten year period guess what my pay raises two hundred five thousand dollars okay and you can go even faster than that and you don't even have to stick with single family houses that's what I talk about that's what I know best but multi family for there's a lot of power in a multi family investing as well so you again you are in control you choose do I want to buy single family do I want to buy multi family do I want to be a passive investor do I want to be a lead investor there's a lot of questions sure I get it it may break your head thinking about it but you don't have to think about those alone that's why we're here to help you out lifestyles unlimited we are in education and mentoring group and we can show you the way we can help you answer those questions that you got so if you're too busy to ask a question today you're welcome to email me at anytime at ask indeed at L. U. I..

ten years fifty K three percent forty eight hundred dollars hundred K thirty K two hundred five thousand doll twenty eighteen sixty percent forty eight thousand dollars eighty five hundred dollars thirty six hundred dollars sixty two hundred dollars eighteen hundred dollars fifteen thousand dollars fifteen hundred dollars hundred thirty four K four hundred dollars twenty two percent seventeen percent hundred dollars
"twenty eighteen sixty percent" Discussed on Pod Save the People

Pod Save the People

01:48 min | 4 years ago

"twenty eighteen sixty percent" Discussed on Pod Save the People

"Gordon the pre court approved the ballot initiative that would automatically restore voting right to people who have served their time with felony conviction and restore one point seven million voters to florida the critical obviously battleground state and that means one in four about one in four black folks who cannot vote will be eligible to vote if this amendment gets past a in twenty eighteen sixty percent of both houses prem court approved to move forward to go to the ballot yes supreme court basically said that the language of the ballot i is okay and now they need to start collecting signatures check slick put it on the ballot so the big push around i think they need something like seven hundred thousand signatures a taxi get this on the ballot for twenty eight teams so some big push big organize a push from a bunch of different organizations in this day and you you've got a conversations right yet uh so one of the people leading the effort is a desmond meet with the florida rights restoration coalition and so now you can go to their website and actually signed the petition their you can put out sign it and then send it in but yes or does a huge effort going on there and it's like i think under the radar when you think about the significance of this could have not only the next presidential election but really for democrats um for the rest of our generation actually just song clear the initiative that is proposed to go on the ballot is that people actually vote on whether or not to reinstall were those voting rights is that correct.

florida rights restoration coa presidential election voting rights Gordon florida desmond twenty eighteen sixty percent