На главную
Результаты поиска “College savings plans and tax strategies”
Type of Savings Account to Use for Child's Education
 
03:44
Robert McCullock, CFP® was asked what type of savings account is best to use to save for your child's education, a Roth IRA or 529 Plan? In this video clip, Robert explains the rules for a 529 plan, college savings plan and then further explains the pros of saving money in a Roth IRA account, a tax-free retirement savings account. http://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Просмотров: 8484 Pure Financial Advisors, Inc.
Tax Strategies For High Income Individuals
 
18:32
For more information on our WealthVision Financial Plan check out our info page here; http://moneyevolution.com/wealthvision/ For access to the 7 Core Elements of Retirement Planning Video Series and Action Guide Click here. http://moneyevolution.com/7-core-elements-yt/ Do you have money saved for retirement in a non-retirement account? Make too much money to contribute to a Roth IRA. Are you getting hit with the 3.8% Medicare surtax on investment income? In this episode I discuss strategies to potentially shift more of your investment assets to tax advantaged retirement accounts that could save you money in taxes. Even if you don't qualify for a Roth, or already think you're maxing out all of your retirement plans, you may still have options! After watching this video Check out our comprehensive financial plan to learn how we can help you address the 7 core elements of retirement planning. http://moneyevolution.com/wealthvision/ Blog http://moneyevolution.com/2018/04/27/tax-strategies-for-high-income-individuals/
Просмотров: 1661 Money Evolution
College Tax Strategies Part I
 
02:29
Got that college acceptance letter? Need to know how to pay for school? Section 529 plans, Education Savings Accounts, U.S. savings bonds, and permanent life insurance policies all offer tax advantages for your family's college savings.
Tax Savings for K-12 Tuition | simpleetax
 
03:01
This video goes over a tax savings strategy utilizing 529 plans to pay for tuition for K-12 students under the new tax plan. Illinois 529 Plans: 1) Bright Start - https://www.brightstartsavings.com/ 2) Bright Directions - https://www.brightdirections.com/ Email: stephen@simpleetax.com This video is for entertainment and informational purposes only and should not be considered tax advice. By watching or commenting on this video, we are not forming a professional relationship. If you seek specific tax advice, please consult a CPA from your local area.
Просмотров: 173 simpleetax
How to Properly Manage Your Money Like the Rich | Tom Ferry
 
18:53
It's not about how much money you earn. It's what you do with the money that matters. In this video, I'm going to show you a business strategy on how to manage your money. I'm not gonna tell you what to invest in. That's not my role. Here are the best ideas of what the best professionals do to manage their money. Learn more from Tom LIVE at the next Summit event: http://bit.ly/2xgZ6Uq ------------ I hope you got some helpful tips and new ideas from this video. To ensure you don't miss all my FREE training videos all you have to do is sign up here with your email: http://bit.ly/TomFerry-VideoTraining Get a FREE copy of my new book: http://bit.ly/2Bblstw Download FREE Agent Scripts and Resources: http://bit.ly/2iDEjpJ Tom Ferry Coaching: http://bit.ly/2eP8UlA Tom Ferry Events: http://bit.ly/2gQBjbD Join Tom's VIP List: http://bit.ly/2sMb73n ------------- Connect with me on my other social channels: Website - http://TomFerry.com Facebook - http://facebook.com/TomFerry Twitter - http://twitter.com/TomFerry YouTube - http://youtube.com/CoachTomFerry Instagram - http://instagram.com/TomFerry Podcast - http://soundcloud.com/CoachTomFerry
Просмотров: 2624423 Tom Ferry International
529 College Savings Plans: Prepaid vs. Savings
 
04:52
529 plans are one of the most compelling ways for families to save for college. Joan Marshall, Chair of College Savings Plans Network, explains the different options for saving for college through a 529 plan. For more information, visit www.collegesavings.org.
Просмотров: 2260 CSPNCollegeSavings
529 Plans' Trifecta of Tax Benefits
 
07:06
ATM #167 Part 2: John Gjertsen of D.L. Blain & Co. discusses the tax benefit of 529 plans and why you should save for your own retirement before thinking about college savings.
529 Plans - The 2nd Best Way to Save for College
 
01:05
A 529 plan is definitely not a complete college funding strategy. In fact, for many families, a 529 plan is not even the best college savings option. 529 plans can be expensive and inflexible. They do not generate federal tax deductions and, if you are not careful, the anticipated tax-free withdrawals may not materialize. This video describes what might be the perfect alternative to a 529 plan.
Просмотров: 3429 MyCollegeWallet
Advanced Tax Planning for High Income Earners-Video 1 of 3 #highincometaxstrategies
 
16:03
Introduction to our unique and advanced tax planning strategies. These tax strategies can help you save thousands of dollars you would otherwise send to the IRS! This is video 1 of 3. Access my calendar here: https://ikm.clickfunnels.com/land-conservation-easement-1
Просмотров: 1787 Holman Financial Solutions
529 Plans and College Savings
 
37:24
Happy belated #529Day, a day when states try to boost interest and participation in 529 education savings programs with various incentives. To mark the occasion, we have one of the foremost authorities on 529 plans, Andrea Feirstein, founder and Managing Director at AKF Consulting Group, a leading strategic advisor to public administrators of state investment programs. Andrea was extremely knowledgeable and we touched on several topics, including: -What is a 529? A tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. -What’s the tax benefit of a 529 plan? Withdrawals for qualified higher education expenses and earnings in the account are not subject to federal income tax and, in most cases, state income tax. Additionally, some states offer residents of the state specific incentives, like the ability to deduct contributions from state income tax or a matching grant. -What does a 529 plan cost? Fees and expenses vary widely from plan to plan and can include start-up fees, maintenance fees, or sales charges. In general, advisor-sold plans cost more than direct-sold plans. The Financial Industry Regulatory Authority (FINRA) has developed a tool to help you compare how these fees and expenses can reduce returns. -What happens if my kid doesn’t go to college? Most states allow you to tap the accounts for other children in the family or even for the parents. Those withdrawals that are not used for qualified higher education expenses will be subject to state and federal income taxes and an additional 10 percent federal tax penalty on earnings. -What has changed with the 2018 tax law? Americans can now withdraw funds tax-free from 529 plans to pay for K-12 tuition and other eligible expenses at private and religious schools, up to $10,000 per year. But there’s a caveat: Not all states will conform to the new federal rules. That means before you pull money, be sure to double check with your state. Have a money question? Go to jillonmoney.com for all the contact info. We love feedback so please subscribe and leave us a rating or review in Apple Podcasts! Connect with me at these places for all my content: http://www.jillonmoney.com/ https://twitter.com/jillonmoney https://www.facebook.com/JillonMoney https://www.instagram.com/jillonmoney/ https://www.linkedin.com/in/jillonmoney/ http://www.stitcher.com/podcast/jill-on-money https://itunes.apple.com/us/podcast/better-off-jill-schlesinger/id431167790?mt=2 "Better Off" theme music is by Joel Goodman, www.joelgoodman.com.
Просмотров: 101 Jill Schlesinger
How to Save for College | Comparing Different Savings Accounts
 
06:18
College costs are a challenge for parents and students alike. Walk through the different options of saving up and the pro, cons, and important facts of each. Ways to Save for College: - Pre-Paid Tuition Plans - 529 College Savings Plan - Education Savings Account (ESA) - Uniform Gifts to Minor's Accounts (UGMA) - IRA Accounts - Savings Bonds - Additional Savings Alternatives If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” https://www.youtube.com/subscription_center?add_user=PureFinancialCFP Channels & show times: http://yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Просмотров: 185 Pure Financial Advisors, Inc.
Tax Saving Strategies for your Family and Business Owners
 
03:50
An animated illustration depicting creative ways to save on tax throughout your lifetime. From being self employed, to getting married, to buying a house with your corporation, Jack and Jane show you all. Learn about tax saving strategies for your family and "live happily ever after" like Jack and Jane. https://www.youtube.com/watch?v=9lnMXY-krZY To learn more about this topic, read our blog! http://madanca.com/blog/how-to-save-taxes-for-self-employed-in-canada/ Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Follow us on Twitter - https://twitter.com/Madan_CA Add us on Google Plus - https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Time line: 00:51 -- Tax savings techniques for incorporating business 01:33 -- Saving taxes on car payments 02:12 -- Increase saving for child care 02:40 -- Employee home purchase loan Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Просмотров: 1869 Allan Madan
529 Plans Can be a Smart Choice for College Savings
 
00:44
The cost of college is higher than ever, making saving smarter more important than ever. One of the best vehicles for doing so is a 529 College-Savings Plan. Money in 529 plans compounds tax free and withdrawals for qualified education expenses are also tax free. In addition, some states offer tax deductions or credits for contributions. But not all plans are created equal - some plans are saddled by high fees and poor investment choices, which can hamper your savings progress and erode your returns. Investors are free to choose any state’s plan, meaning there are lots of options To figure out which plan is right for you visit Morningstar’s 529 Plan Center. http://beta.morningstar.com/articles/809979/morningstars-guide-to-college-savings.html For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx
Просмотров: 509 Morningstar, Inc.
5 Strategies for College Savings Success
 
04:41
5 Strategies for College Savings Success
Просмотров: 2178 FranklinTempletonTV
Educational Tax Breaks
 
04:41
Brian Nash, owner of Nash College Planning Strategies, is a college planning advisor who steers parents through the confusing and frustrating financial aid process and student positioning . Brian has also written the free eBook "How to Beat The High Cost of College", filled with important financial planning advice that can save parents tens of thousands of dollars on their child's college tuition. CONTACT US PHONE: (951) 225-4622 EMAIL: Brian@nashcps.com WEBSITE: http://www.NashCollegePlanning.com FACEBOOK: http://tinyurl.com/nashcps **************************************** In this short video, Brian Nash, a college financial aid consultant, helps parents of college-bound students navigate the challenging and confusing tax code to take advantage of educational tax breaks. This video includes real tax advice that viewers can use to get back thousands of dollars on college spending. The federal government is constantly making changes to the tax law, which can make it difficult for regular people to keep up with all the tax breaks they might be eligible for, including tax breaks for spending on your child's education. So please add this video to a playlist and check back from time to time to look for changes. I've done a lot of research and in this short video I will share some of the most important tax breaks you need to know about in order to get a little of that money back from Uncle Sam. Here are some of the most common educational tax benefits that you need to be aware of: • Withdrawals from qualified state tuition programs (like Section 529 plans) are now tax-free. • Coverdell ESA's (the old Education IRA's) are bigger. Instead of being capped at $500, beneficiaries under the age of 18 can now receive up to $2,000 per year. There's no tax deduction for the contribution, but the tax is deferred on the fund's growth and withdrawals are tax-free for qualified expenses. There's also a useful loophole in this law: while there are income limits for high-earning contributors, anyone can contribute, including lower-earning relatives. • The "American Opportunity Credit" has been increased. Parents are able to receive a 100% tax credit of up to $2,500 of each child's tuition fees for the first two years. 40% of this credit is now a refundable credit which means that you can receive up to $1,000 even if you owe no taxes. • The "Lifetime Learning Credit" has remained the same. For the tax year you may be able to claim a lifetime learning credit of up to $2,000 for qualified education expenses paid for all eligible students. • Deductions for the interest paid on qualified student loans have been expanded. The interest deductions have been raised to $2,500 and the deduction will no longer be limited to the first 60 months of interest payments. It's important to note that there are exceptions and uncertainties about these tax breaks. For example, some upper middle class families may not qualify for many of the benefits, especially individuals that earn more $60,000 or joint filers who earn more than $120,000. Also, applying for one credit may make you ineligible for another. The same child, for example, cannot earn you both a Hope Credit and a Lifetime Learning Credit in the same year. Nor can you claim either of these credits for expenses paid with money pulled out of 529 Plans or Coverdell ESA's. Most importantly, many of these benefits will have an effect on your Expected Family Contribution. Picking up a Hope Credit or Lifetime Learning Credit, for example, will leave you with more untaxed income. That means colleges may lower their financial aid packages. You should still end up paying less money, but you'll need to figure out precisely how much. Want to learn even more about how the current tax code can benefit your college spending? Visit my website at http://www. NashCollegePlanning.com and check out our next video. My goal is to make college financially possible for every family.
Просмотров: 1217 NashCollegePlanning
How to Save On Graduate School | simpleetax
 
02:11
This video goes over a tax savings strategy called the 529 Arbitrage where a graduate student pays for graduate school expenses via a 529 plan and saves on state income taxes. Graduate school includes medical school, law school, business school and some trade and technical schools. Contact: stephen@simpleetax.com This video is for entertainment and informational purposes only and should not be considered tax advice. By watching or commenting on this video, we are not forming a professional relationship. If you seek specific tax advice, please consult a CPA from your local area.
Просмотров: 138 simpleetax
September 16, 2014 US Expat College Saving Strategies
 
21:33
This webinar discusses 529 college savings plans, Coverdell ESAs, and other tax-efficient investing techniques that Americans living abroad can utilize to successfully save for their children’s education. We also focus on some of the unique obstacles faced by U.S. expats in taking advantage of these special opportunities
Просмотров: 303 Thun Financial Advisors
Benefits of a 529 College Savings Plan
 
05:00
http://indybiztvshows.com Tina Moe CPA shares the benefits of a 529 College Savings Plan
Просмотров: 8568 BizTV Shows
Tax Saving Income Tips
 
03:11
http://annuityguys.org/tax-savings-income-tips As we approach an almost insurmountable debt load likely increases in tax is may be inevitable, we thought it may be a good opportunity to share some useful tax saving tips and strategies. Annuities can work very well for some portions of this strategy. Learn more, click our link above. Full article at http://annuityguys.org Disclosure: Videos are educational and conceptual only and not a solicitation. They are not to be considered investment, insurance, tax or legal advice. It is recommended that you work with licensed professionals for individualized advice before making any important financial decisions. Annuities are not FDIC insured and their guarantees are based on the claims paying ability of the issuing insurance company. State Guarantee Associations, while offering specific protections, are not the same as FDIC insurance. Read more Annuity Guys disclosure at: http://annuityguys.org/about-us/site-terms-conditions-and-disclosure
Просмотров: 6503 Annuity Guys
College Savings for High Net Worth Individuals
 
12:48
This presentation focuses on the advantages of 529 Plans and some of the reasons why they are considered the premier college savings vehicle for wealthy individuals. The presentation emphasizes the 529 Plan as a tax advantaged planning strategy for parents and grandparents who aspire to pay for the college expenses of their children and grandchildren. This video is not intended to serve as a recommendation - please consult with your tax advisor and a qualified college savings expert before making any decisions.
Просмотров: 123 CanonCapital
How to write-off your kids' expenses on your taxes
 
09:51
SUMMARY: If you have kids you know how expensive they can be. From the necessities to all the extras; the toys, the clothes, the entertainment, the extra curricular activities and so on... wouldn’t it be nice to get a brake and be able to write all of those expenses off on taxes? RECAP OF THE VIDEO: I am a real estate investor and a mother and in my business I don’t just focus on implementing strategies that allow me to make more money, but also focus on incorporating strategies that will allow me to keep the maximum amount of money that I make. In this video I will share a strategy that will allow you to keep more of your money by writing-off your kids’ expenses on your taxes. To implement this strategy you must get your kids involved in your business by putting them on payroll and paying them a salary. You can begin to put your kids on payroll as soon as they turn 6 years old and start giving them small jobs such as stuffing envelopes, shredding paper, cleaning, filing, bookkeeping, scanning... By taking this approach not only will you be saving taxes, but you will be teaching your kids small business ownership skills, self reliance and a concept of a job well done. To be able to pay your own kids, each one of them needs to have their own bank accounts set up and whether you operate as a Sole Proprietor or an LLC you will be paying your kids directly to their bank accounts from your business account if they are under 18 years of age, if they are 18 or older then issue them a 1099 or W2. If you operate your business as an S-Corp then you will need to set up a “Family Management Company” (but is only needed if paying children under 18 years old) which will operate as a Sole Proprietor and pay that “Family Management Company” the kids salary as a fee then transfer the money from there into their bank accounts, but if you have an S-Corp. and you are paying kids that are 18 or older you do not need the “Family Management Company” just issue them a 1099 or W2. The benefit of paying your own kids is that if they are under 18 years of age you do not need to issue workers comp. or FICA (except in Washington) also they will not need to file taxes if you pay them $6350 (in 2017) / year or less. Bonus [Real Estate Investing] Strategy: Now that your kids have earned income they can fund a ROTH-IRA which can become a partner in your next LLC which purchases a rental property and when you sell the rental property the money goes back to the ROTH-IRA and comes out tax free for college or retirement. ★☆★ Part 2 of this video series ★☆★ https://youtu.be/tT1uhgSzpmc ★☆★ TO LEARN THESE STRATEGIES GET THE FOLLOWING BOOKS ★☆★ 1.) The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/DKqXTZ 2.) What Your CPA Isn't Telling You: Life-Changing Tax Strategies: TO GET THIS BOOK CLICK THE LINK - https://goo.gl/NxyopY 3.) The Business Owner's Guide to Financial Freedom: What Wall Street Isn't Telling You: TO GET THIS BOOK CLICK THE LINK -https://goo.gl/5vGJKq ★☆★ SUBSCRIBE TO MY YOUTUBE CHANNEL FOR VIDEOS ABOUT REAL ESTATE AND BUSINESS ★☆★ ★☆★ CONNECT WITH ME ON SOCIAL MEDIA ★☆★ FACEBOOK: https://www.facebook.com/Laura-Pitkute-1464576883611081/ INSTAGRAM: https://www.instagram.com/laurapitkute/?hl=en LINKEDIN: https://www.linkedin.com/in/laura-pitkute-a039399b/ DISCLAIMER: I (Laura Pitkute) am committed to providing legal and ethical information to the best of my knowledge at all times, but I (Laura Pitkute) am not a certified CPA, nothing I say in this video or comments should be taken as legal advice. Prior to applying any strategies I share in my videos or comments please consult with a competent professional.
Просмотров: 26004 Laura Pitkute
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
21:30
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Просмотров: 9667165 LastWeekTonight
College Savings Plans: Coverdell vs 529 Plan
 
01:48
http://www.savingforcollege.com In this Q&A episode with Joe, the "529 Guru", we discuss the hotly talked Coverdell savings account and how it matches up to the traditional 529 Plan. There are many advantages and a couple of areas to look for, so check it out!
Просмотров: 14816 saving4college
529 Plans Explained for My New GrandBaby...and Parents Everywhere!
 
03:18
529 Plans are awesome savings vehicle for college. Imagine that you are parents of a brand new baby like my new granddaughter. You have 18 years to save for a financial event whose cost is growing exponentially. You need to save money using the most efficient, most tax advantaged methods available. That would be the 529 College Savings Plans offered by all states. Watch my video to get an overview of these plans and then go to the website http://www.savingforcollege.com to spend about three days combing through the fascinating collection of all things 529. I think they should offer a t-shirt which reads “ OMG...529!”. I admire dedicated people. *Note: The rules changed regarding how 529 ownership is regarded for families who fill out the FAFSA (everyone should!). Now 529 plans owned by the child are assessed at the same rate as parent-owned 529 plans. This means that both parent-owned and child-owned 529 plans are assessed at 5.6% in order to establish an EFC for that particular school year. However, schools that use both the FAFSA and the CSS Profile financial aid forms are free to formulate their own EFC's. Because of this, a CSS Profile college can assess 529 plans differently no matter who owns the plans. Assessment rates can run from 0% to as much as 25% (or more) on a case by case basis.
Просмотров: 22312 The College Money Mom
529 Strategies for Grandparents
 
54:46
Are you currently funding a college savings plan for your grandchildren, or considering starting? The world of college expenses, financial aid, and 529 plans can be complex. View this recorded version of our webinar on August 16, 2016, to learn about important planning strategies, such as... • How to avoid negative impacts to your student's financial aid access. • Why it matters which family member owns the 529 plan. • Understanding the flexibility inherent of 529 structures. • What factors to consider when choosing between state 529 programs.
Просмотров: 1501 Brand AMG
Financial Planning Strategies for All Ages | S.2 Ep. 18
 
24:47
Learn key retirement saving strategies for your 30’s, 40’s, 50’s and 60’s. As you grow older, your financial situation and life needs change. Understand the importance of saving for retirement and the steps you should be taking depending on where you are in life. 1:37 “57% of Workers have less than $25,000 saved for retirement” (Source: Employee Benefit Research Institute) 3:55 “It behooves you to start as early as you can because that way the compound of money is going to work the best for you” 4:31 “Max out your 401(k) as much as you can or at least to the match” 5:46 “You have to take a look at paying yourself first, keeping those expenses under control, and then if you do get a bonus or if you get a raise, try to save half of that” 6:29 “This is a great opportunity for the younger generation to take control of their finances and start saving” 7:45 “According to U.S. News, when switching jobs there are three ways that you that could avoid paying taxes or early withdrawal penalties from your 401(k). First, you can leave it in your old 401(k), second, you can roll it over to an IRA, or third, you could transfer the balance into the 401(k) at your new employer.” 10:24 “I think the first thing [40-year olds should do] is setting a goal, establishing a saving goal, whatever that may be” 11:08 “Go higher than you think you’ll actually do…I think if you set it high and it’s automatic, especially if you’re saving in your 401(k), it’ll be out of sight out of mind; you’ll end up saving a lot more than you think you actually can” 12:18 “I would say there are three key things: make sure to pay yourself first, make sure to choose the appropriate investments, make sure to monitor your progress and see where you’re at” 15:00 “If you’re 50-years old or you’re 55, here are the steps: you want to start right now (can I cut some spending?), then from there you can save more, manage the assets appropriately” 15:10 “If you do not have a 401(k) plan, try to save into an IRA, or a Roth IRA, after those look into non-qualified investments or stocks or bonds…save, save, save: that’s the key” 18:23 “The younger generations are not taking the appropriate amount of risk in their overall portfolio” 18:38 “One of the things that you absolutely need to figure out is what is the retirement date? It’s not this arbitrary number; you want to make sure you have enough capital to maintain a lifestyle long-term” 18:54 “Believe it or not there are over 500 ways to collect Social Security if you’re married” 19:16 “For people who can afford to wait, wait on your Social Security, you can wait as long as age 70 when you’ll get the maximum amount possible on Social Security, and that will last the rest of your life and it’s indexed for inflation” 23:31 “If you’re a first-time home buyer, there are special rules within the IRS legislation that allows you to take money out without the penalty” Aired 5/2/15 If you live in southern California and would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-ass... Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com http://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Просмотров: 21084 Pure Financial Advisors, Inc.
Alternative College Funding - Tax Advantaged Income Investing with Indices – Part 3 of 5
 
11:57
Sub Headline: There are Many Ways to Skin a Cat & Alternative College Funding Options As Well Synopsis: There’s no doubt that the cost of higher education has increased dramatically in recent years. Yet, perhaps surprisingly, the number of students enrolling in all types of institutions has increased as well. Watch the interview with retirement expert, Chris Jacob as he outlines Alternative College Funding. Content: If you have investments you’d like to give to your child, you may want to consider opening a custodial account under the Uniform Gifts to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA). Through these accounts, a custodian you appoint—which could be yourself—manages investments owned in a minor’s name. Once the minor reaches the age of majority, he or she may assume full ownership of the account. Establishing UGMA and UTMA accounts means designating specific investments for a child’s benefit. By doing so, you may be able to reduce your estate and the taxes the estate could potentially owe. But these accounts also have certain drawbacks. The good news about investing for college is that it’s encouraged bythe tax code. That means that as long as you stick to the rules, you and your child can enjoy the benefits of tax-free earnings. A number of investment programs, suchas Coverdell education savings accounts (ESAs), 529 savings plans, and 529 prepaid tuition plans, let you take advantage of this provision. That can mean having between 15% and 35% more money to spend, depending on your tax bracket. With student loans, applying for financial aid typically means submitting your financial information for review by filling out the Free Application for Federal Student Aid (FAFSA). Most state and federal funding programs—as well as many university-sponsored grants, scholar- ships, and nonfederal aid—require that students fill out the FAFSA, which assesses each student’s eligibility for federal aid by evaluating his or her family’s total assets. All the assets in 529 plans, UGMAs UTMAs and Coverdale accounts are included in the FARSA asset calculation. But did you know the assets held annuities and cash value life insurance are not included in the FAFSA application. This means by allocating assets to these two financial products, the aid could increase significantly because it’s not included in your asset inventory. Indexed universal life is a relatively new asset class and an alternative product for your educational funding strategies. Syndicated financial columnist Steve Savant interviews retirement expert Chris Jacob, CFP on Tax Advantaged Income Investing with Indices. Steve Savant’s Money, the Name of the Game is an hour-long financial talk show for consumers distributed online in 5 ten-minute video press releases Monday through Friday to 280 media outlets, social media networks and industry portals. (www.lifesizesolutions.com). https://youtu.be/6Uatp5-PhYc
Просмотров: 2050 Steve Savant
Financial Planning: A Guide to Personal Finance
 
11:17
Financial Planning: A Guide to Personal Finance financialplan.about.com › About Money A complete guide covering all aspects of financial planning including creating a budget, saving money, planning for college, retirement, taxes, insurance, and ... The 1-Page Financial Plan: 10 Tips for Getting What You ... www.forbes.com/.../the-1-page-financial-plan-10-tips-for-getting-... Forbes Mar 31, 2015 - Carl Richards, certified financial planner and personal finance ... to you will guide you on every financial planning decision moving forward, ... How to Choose and Use Financial Software - Personal ... guides.wsj.com/personal-finance/.../how-to-choos... The Wall Street Journal A quick guide to money-management and tax-preparation programs. ... If you choose to purchase any personal-finance software, search online for any ... Even if you use a certified financial planner (CFP) or financial adviser, these experts ... How to Choose a Financial Planner - Personal Finance ... guides.wsj.com/personal-finance/.../how-to-choos... The Wall Street Journal A guide to finding and picking a financial planner. ... administered by the Certified Financial Planner Board of Standards about the specifics of personal finance. Personal Finance Guides and Financial Advice - US News ... money.usnews.com/money/personal-finance U.S. News & World Report Get personal finance news and financial advice to learn about investing and ways to ... Research and compare your state's 529 plan college savings options. Personal Finance | Financial Advice | Financial Planning www.fool.com/how-to.../personal-finance/index.aspx The Motley Fool
Просмотров: 35780 Jay Walker
Lies You've Been Told About Saving For Retirement (401k, IRA, House)
 
23:48
Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar You've been told to put money in a 401k, but do you know the average return? What's the difference between a 401k, IRA, and trading stocks? Is a home a better investment than 401k or IRA? Article that agrees that in real life, you'll get about a 5% return on 401k's http://www.interest.com/401k/news/kin... James Altucher says that you shouldn't buy a house at all: http://www.jamesaltucher.com/2011/03/... The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineered... ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Просмотров: 324749 ENGINEERED TRUTH
College Savings Plan using our Wealth Accumulation Strategy
 
04:01
Savings for your child's college education can be daunting. Setting up a college savings plan using our Wealth Accumulation Strategy, you will have no risk of loss and it will give you a higher return compared to a 529 plan. For more information contact Wesley Laird at 678.789.4663.
Просмотров: 278 Tracy Cox Witherspoon
Maximize Your RESP - Tax Saving Strategy # 6 for Your Retirement
 
11:07
http://retirementtransformation.com/blog/ - shares with you a very easy to follow but very powerful tax saving strategy which can be done by any Canadian. This is called maximize your registered education savings plan (RESP) and benefit from the tax saving for your children and support the higher education for your kids!
Просмотров: 4871 TransformRetirement
Most Would Be Well Served by This 529 Plan
 
01:31
When it comes to 529 plans, about half of Americans would be better off looking beyond their state's borders for a college savings plan. That could be because their state doesn't offer a state tax benefit or the state's tax benefit can carry over to any state's plan. For any of these investors, we think one of the best is the Gold-rated Invest529 plan. For all Morningstar videos: http://www.morningstar.com/cover/videocenter.aspx
Просмотров: 254 Morningstar, Inc.
The 529 College Saving’s Plan - Steve Savant's Money, the Name of the Game - Part 5 of 5
 
10:37
Sub Headline: 529 Plans: The Good and the Bad and The Market Exposure Synopsis: The public views college funding as 529 plans funded with investments like mutual funds and ETFs. There’s nothing wrong with that. But college plans and funding is much broader than 529 Plans and ETFs. Watch the video interview with college planning expert John McDonough. Content: The federal formula for assessing how much a family can pay for college is strictly focused on the finances of parent and child. So 529 plans opened by grandparents go uncounted in the federal calculus. In distributing their own aid, however, colleges often look at all 529 plans that name the student as beneficiary. So even if the strategy works for the federal-aid calculation, it won't necessarily work for the institution's own aid assessment. - From Wall Street Journal; December 18th, 2006 Here are a couple of lines taken from CSS Profile, Section Q #521) Enter the total value of assets held in Section 529 college savings plans that were established for the student by someone other than the student’s parent(s) #523) Enter the estimated amount that will be withdrawn for the student for the 2017-2018 academic year from Section 529 plans established for the benefit of the student. If you own a 529 Plan, make sure you have a competent college funding advisor examine it BEFORE you apply for financial aid. One last thought: 529 Plans are often funded with mutual funds and ETFs. A lesson learned during the “lost decade” (2001-2010) is that markets are volatile. The S&P 500 Index lost four times in that ten-year period. You need to understand your risk tolerance and more importantly when you need the money. Many families saving for college were financially hurt during this period and had to significantly alter their college plans. Longer timelines like 12 to 15 years is preferable for market driven funds. It’s your life. It’s your time. It’s your money. John McDonough has contributed to this press release. Segments in part or whole are from his publications. Syndicated financial columnist, talk show host and popular platform speaker Steve Savant interviews college funding expert John McDonough on Financing Your Child’s Education. Steve Savant’s Money, the Name of the Game is an hour-long financial talk show for financial professionals distributed online in 5 ten-minute video press releases Monday through Friday through Trans World News 280 media outlets, social media networks and industry portals. (www.lifesizesolutions.com) https://youtu.be/dnYX-DPTHrc
Просмотров: 953 Steve Savant
College Tax Strategies Part II
 
03:32
The American Opportunity and Lifetime Learning tax credits offer breaks for families of college students. Emancipating your child, buying off-campus housing, and gifting appreciated assets to use for tuition are additional strategies to consider. Plan to deduct part of your child's college tuition as a business expense and save A LOT in taxes!
College Fund Options
 
02:33
Website- http://mfis.biz/ Like us on Facebook- https://www.facebook.com/pages/Matthews-Financial-and-Insurance-Solutions/150165151669307 Follow us on Twitter- https://twitter.com/MFISGURU linkedin- http://www.linkedin.com/pub/jason-matthews/11/643/9a5 Jason Matthews is the President at MFIS (Matthews Financial and Insurance Solutions) We are a leader in tax strategies and retirement planning in the San Francisco Bay area. We make sure we go beyond the call of duty and give our clients superb service. We are innovative with our planning through continuing education and working with leaders in the accounting and legal fields. Our job is to make your "life easier." jason matthews, MFIS, mfis, MFISTV, mfistv, matthews financial and insurance solutions, Retirement Planning, Insurance, Financial Planning, Planning, Tax, Employee Benefits,Long Term Care, Retirement, Small Business, Business Planning, Annuities, Health Insurance, Wealth, Public Speaking, Disability Insurance, Estate Planning, roth ira, Strategic Financial Planning, Long-term Care, life insurance
Просмотров: 133 Jason Matthews
Simply Money: College Savings Strategies
 
03:39
Is a 529 Plan a good option when trying to save for college? What's the benefit of a UTMA? Nathan Bachrach of Simply Money breaks down different strategies you can use to fund your children's continuing education.
Просмотров: 195 SimplyMoneyTeam
What Does College Funds Mean?
 
00:46
College fund synonyms, college pronunciation, translation, english dictionary definition of fundan institution higher learning that grants the bachelor's degree what do you plan to after college? In american english, usually say someone is in college, '529 savings plan' a tax advantaged method saving for future expenses authorized by section 529 internal revenue code does mean? A sum money, saved parents, use payment child's fees jan 28, 2016 can shop around with best combination investment offerings and low but going out state, may lose any breaks available residents. Morgan private client advisor can help you develop a strategy to meet your college funding goals by enrollment time what expect from the vanguard 529 plan. Alaska, florida, nevada, south dakota, tennessee, texas, new hampshire, washington jan 23, 2017 while 529 savings plans offer major advantages, they also come with some restrictions. The first decision for parents, then, is to pick the right plan which in turn means weighing quality of investment options a section 529 tax advantaged plan, issued and operated by state or educational institution, helps families save college. That means you'll start with a higher allocation to stocks, which gradually tilts many families worry that saving for college will hurt their chances of receiving financial aid. Our self directed 529 plan lets you choose from a wide range of investments while offering tax benefits and the ability to manage account way want. May 29, 2015 there are a number of tax advantaged federal and state college savings plans at your disposal. In many cases, you don't have to be a colleges will require more information about and your parents' finances than federal programs, meaning the difference in funding from college government could substantial. Aug 8, 2012 this publication provides an overview of 529 plans and comparison the two types these prepaid tuition college savings. What is a 529 plan? Us news ultimate guide to plans. Section 529 plans 1 are named after the tax code that governs them. What is a 529 plan? Saving for college. Plus, you can make or schedule real time transfers from What is a 529 plan? Saving for college. The first, an age based option, automatically adjusts your asset mix to become less risky as student approaches college. College fund definition of college by the free dictionarycollege and meaning define. Php url? Q webcache. At vanguard, the focus is on you. Will contributing to collegeamerica guarantee that my beneficiary will be admitted his her chosen college? How does the american funds college enrollment fund differ from other six target date funds? . Ways to save for college that aren't a 529 plan sec. Securities and exchange commission website, 529 college savings funds can be withdrawn tax free only for qualified education expenses, including tuition, books, fees, supplies, room with your normal day to expenses long term goals like retirement think about, saving child's challenging. But,
Просмотров: 3 Evette Freudenburg Tipz
What is a 529 College Savings Plan and Should You Invest In One?
 
06:40
In this video I talk about 529 College Savings Plans and how I am saving for my son's college. I have a 529 College Savings Plan for my son and it is through Vanguard. I manage the account myself. I love using Vanguard because the fees are super cheap and there are a lot of different investment options you can choose from. I hope this video helps one of you out there. Enjoy! --------------------------------------------- FOLLOW ME: Instagram: https://www.instagram.com/jjbuckner/ Facebook Page: https://www.facebook.com/bucknerjj/ Twitter: https://twitter.com/jj_buckner --------------------------------------------- The Books I Recommend: 1st Book I Recommend (Wealth): https://amzn.to/2Mi5VxT 2nd Book I Recommend (Pay off Debt): https://amzn.to/2Mpw4uP 3rd Book I Recommend (Investing): https://amzn.to/2l6wwS0 4th Book I Recommend (Retire Early): https://amzn.to/2sU5SjP 5th Book I Recommend (Tony Robbins): https://amzn.to/2y6BK9B The Equipment I Recommend: Camera: https://amzn.to/2Jyf4EK Lens: https://amzn.to/2JAcpKH SD Card: https://amzn.to/2JAW9ce Tripod: https://amzn.to/2MkWfT7 Lighting: https://amzn.to/2JUPUPQ Lavalier Microphone: https://amzn.to/2ya9piU Boom Microphone: https://amzn.to/2JQMYUt Video Editing Software: https://amzn.to/2Mi8yQh Laptop: https://amzn.to/2JJYygO ---------- EMAIL: jjbucknerbusiness@gmail.com
Просмотров: 107 JJ Buckner
Strategies for Saving Through 529s and Funding College
 
03:28
CSF Chair Emeritus Mary Morris told viewers of Charleston's CBS affiliate WCSC-TV about strategies for saving through 529s and funding college.
Просмотров: 13 College Savings Foundation
Why you Need a 529 College Savings Plan l MONEY FUNDY$
 
06:34
The way to save (and invest) for those skyrocketing educational expenses.
Просмотров: 47 Millennial Money Mgmt. LLC
Thun Finanical: Expat College Savings Strategies Webinar, Sept 13 2017
 
59:57
Frederic Behrens of Thun Financial discusses College Savings Strategies, 529s and related planning issues for Americans Abroad.
Просмотров: 95 Thun Financial
Future Scholar 529 Tax Time Commercial 2014
 
00:31
To learn more about the tax advantages of a 529 account, please visit www.futurescholar.com
Просмотров: 272 Curtis Loftis
Saving for Retirement According to Your Age
 
02:15
The earlier you start saving, the better off you will be in retirement. Learn how much you should be saving for retirement according to your age and salary. Important Points: 0:11 "Let's take a look at if you're in your 20's, 30's, 40's or 50's - what is the game plan here?" 0:22 "Let's say you're 30 years old. You want to have at least one times your salary saved. So if you're making $50,000 a year, you want to make sure you have fifty grand in the bank." 0:30 "Let's jump up to 45 [years old]. You want to have four times your annual income saved. Once you get into your sixties, that's eight times [your salary]; that's a huge number." 0:43 "Procrastination is one of the key components of why people are not necessarily successful." 1:05 "A lot of the time it's just simple arithmetic. How much money do I need to maintain the lifestyle that I want long-term?" 2:00 "That does show why you want to start as early as possible when you're saving." If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Просмотров: 106039 Pure Financial Advisors, Inc.
CollegeChoice 529 - Happy College Savings Month!
 
01:02
For more information about the CollegeChoice 529 Direct Savings Plan (“CollegeChoice 529”), call 1.866.485.9415 or visit www.collegechoicedirect.com to obtain a Disclosure Statement, which includes investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing. Ascensus Broker Dealer Services, Inc. (“ABD”) is Distributor of CollegeChoice 529. If you are not an Indiana taxpayer, consider before investing whether your or the beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program. Not FDIC-Insured (except for the Savings Portfolio). No Bank, State or Federal Guarantee. May Lose Value.
Просмотров: 64792 College Savings Month
Estate planning explained. Be prepared and with tax saving strategies.
 
00:48
Estate planning explained. Be prepared and with tax saving strategies. #estateplanning #retirement #investments #taxes #money #wealth #success #assets #protection #insurance #financialplanning Providing you with financial insights to complex products they don't want you to understand. Our mission is to educate the community on how all financial products actually work. Our website is a financial data and news portal, discussion forum and content aggregator. Bibi Financial is not a broker/dealer, we are not an investment advisor, we have no access to non-public information about publicly traded companies, and this is not a place for the giving or receiving of financial advice, advice concerning investment decisions or tax or legal advice. We are not regulated by the Financial Services Authority. We are an educational forum for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies. No content on the site constitutes - or should be understood as constituting - a recommendation to enter into any securities transactions or to engage in any of the investment strategies presented in our site content. We do not provide personalized recommendations or views as to whether a stock or investment approach is suited to the financial needs of a specific individual. ============================================== Subscribe To Bibi Financial's Youtube Channel: https://www.youtube.com/channel/UCMWa6MR4zcg-7H1nl8nd7xw?view_as=subscriber ============================================== Website: http://www.bibifinancial.com Facebook: https://www.facebook.com/bibifinancial/ Twitter: https://twitter.com/BibiFinancial?lang=en Instagram: https://www.instagram.com/bibifinancial/ Linkedin: https://www.linkedin.com/in/nathanbibi/ Google +: https://plus.google.com/u/1/?pageId=none
Просмотров: 0 Bibi Financial
How to Make College Affordable | S. 3 Episode 11
 
25:06
College is pricey, and for some retirees it comes down to a sensitive question of “Which is more important - funding my child/grandchild’s college education or my retirement?” According to collegedata.com, the annual budget for an in-state public college is $24,061 and $47,831 for a moderate private college. Multiply that by four years or so and that could take a huge chunk out of your retirement savings. Joe and Al give you the play-by-play on college costs and ways in which you could potentially lower those costs. Learn about 529 plans, Roth IRAs and other college savings vehicles in this episode of “Your Money, Your Wealth.” Important Points 0:43 “We’re talking college planning, because what we’re seeing more and more of is that people are spending their overall retirement to put their kids through school” 3:46 “What Al and I are finding is that you’re dipping into the wrong area; you might be dipping in to your retirement accounts or you might be taking on huge amounts of debt to do this – you’re jeopardizing your retirement” 4:48 “Go into Google and type the name of the university, and also type in ‘net price calculator’…it will give you a good idea of the net cost” 6:52 “[True or false?] Distributions to a 529 account can disqualify my kids from receiving the American Opportunity Credit of $2,500. That is true (there’s no double-dipping)” 8:47 “When interest rates go down, bond prices go up” 9:52 “Look at a total return, don’t look at each individual asset class” 10:00 “Let’s get into saving because there are different vehicles you can save in. The two main methods are a Coverdell and a 529 plan” 11:13 “You can change the beneficiaries if you overfund it, but if you don’t it’s a 10% penalty coming out. It could be taxable to you as well so you want to make sure you don’t overfund the overall college savings plan” 11:33 “[With] the 529 plan, you can put in several hundred thousand dollars. The best thing about the 529 plan is it grows 100% tax-free to you (if you use it for qualified educational costs)” 15:37 “We recommend as you can imagine, to keep student loan debt to an absolute minimum” 16:32 “Take a look at all of your options, make sure you’re applying for scholarships, make sure you’re applying for grants, look at several different schools and get that net price to figure out how much it will cost. Then map it out to make sure you’re not jeopardizing every other financial goal you have” 22:09 “Each state has their own 529 plan” If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Просмотров: 456 Pure Financial Advisors, Inc.
College Savings: Whole Life Insurance vs. 529 Plan
 
01:30
Learn 5 benefits of saving money in cash value whole life insurance that investing money in a 529 Plan does not offer. Read more on this topic via our blog: http://blog.fireyourbankertoday.com/5-reasons-i-chose-cash-value-life-insurance-over-the-529-plan
Просмотров: 2245 BankersReviews
Build Your Own Retirement Income Plan in 5 Easy Steps
 
06:33
Why should you build your own retirement income plan? Because it will help you know if your savings will last you throughout retirement. It will help you allocate your assets in the most low cost, lowest risk way to buy the lifestyle you want in retirement. To download a free copy of "How To Avoid Annuity Traps" click here: http://retirementplanningmadeeasy.com/annuity-traps So here are 5 simple steps you can take today to build your own retirement income plan. 1. Determine how much income you need - Go through your credit card bills and bank statements to know where your money is going. Use these to add up how much your expenses are. These are the expenses you will need to cover in retirement. 2. Determine your lifetime guaranteed income sources - Social Security will be one for most people. If you are lucky you'll have a pension. Do you have any other sources of income, like rental income or existing annuities? Count those too. 3. Determine your income gap - Simply subtract your required expenses from your lifetime income sources. If the expenses are greater than income you will have an income gap. Most people will have an income gap. 4. Determine the effects of inflation - Your income gap will very likely increase each year as your expenses go up with inflation. A good inflation estimate to use is 3%. You can use a simple software program like Excel to show how inflation will increase your expenses over a long time period, like 30 years. This will let you know how much income you will need in later years. 5. Determine how you will fill the income gap - There are many ways to fill the income gap. You could have your savings in a balanced portfolio and withdraw 4% from them each year. Or you could have all your funds in accounts that have no market risk, like fixed annuities or bank CD's. Many people will do a combination of both, having some assets in the market and having others in guaranteed products that have no market risk. There is no right or wrong way. You have to find a strategy that meets your goals and allows you to sleep comfortably at night. To download a free copy of "How To Avoid Annuity Traps" click here: http://retirementplanningmadeeasy.com/annuity-traps To read the full article that accompanies this video click here: http://retirementplanningmadeeasy.com/build-your-own-retirement-income-plan-in-5-easy-steps/ Disclosures: Investment Advisory Services offered through Retirement Wealth Advisors Inc. (RWA) a Registered Investment Advisor. Retirement Planning Made Easy / Tri-State Financial Group and RWA are not affiliated. Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. Past performance does not guarantee future results. Consult your financial professional before making any investment decision. This information is designed to provide general information on the subjects covered, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Retirement Planning Made Easy / Tri-State Financial Group and its affiliates do not give legal or tax advice. You are encouraged to consult your tax advisor or attorney. Annuity guarantees rely on the financial strength and claims-paying ability of the issuing insurer. Any comments regarding safe and secure investments, and guaranteed income streams refer only to fixed insurance products. They do not refer, in any way to securities or investment advisory products. Fixed Insurance and Annuity product guarantees are subject to the claims‐paying ability of the issuing company and are not offered by Retirement Wealth Advisors Inc.
Просмотров: 5390 Retirement Planning Made Easy