На главную
Результаты поиска “College savings plans and tax strategies”
New Tax Law Update: 529 Plan Expansion
 
06:08
New Tax Law Update: 529 Plan Expansion Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Просмотров: 50687 The Dave Ramsey Show
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: 9561 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: 4001 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.
5 Ways To Legally Pay Less In Taxes | The 3-Minute Guide
 
04:02
Be one of the first 500 people to visit http://skl.sh/3minute8 and get your first two months of Skillshare for 99 cents! Erin from Broke Millennial highlights ways to legally reduce how much you pay in taxes. IRA contribution limits https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-ira-contribution -limits IRA deduction limits https://www.irs.gov/retirement-plans/ira-deduction-limits Determining fair market value on clothing donations: https://goodwillnne.org/donate/donation-value-guide/ See if you’re eligible for free filing: https://apps.irs.gov/app/freeFile/jsp/wizard.jsp https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free 529 Saving Plan tax deduction calculator https://vanguard.wealthmsi.com/stdc.php Broke Millennial Twitter: @BrokeMillennial Instagram: @BrokeMillennialBlog The Financial Diet site: http://www.thefinancialdiet.com Facebook: https://www.facebook.com/thefinancialdiet Twitter: https://twitter.com/TFDiet Tumblr: http://thefinancialdiet.tumblr.com/
Просмотров: 27837 The Financial Diet
Best strategies for funding college
 
07:54
Kerry Traylor, founder of College Strategy Experts, discusses the do's and don'ts of saving money for college.
Просмотров: 19047 College Admissions
Money Saving Year-End Tax Strategies S. 5 | Ep. 12
 
25:05
Does just thinking of your taxes give you butterflies in your stomach? You’re not alone. Feeling powerless and not having a strategy to reduce your taxes may cause you to completely ignore tax planning. Whether you are having a good year, recovering from loses or just working to stay the course; financial experts Joe Anderson and Alan Clopine break down strategies that can help you minimize the money you pay in taxes. Important Points: (00:33) – End of Year Taxes (1:01) – Federal Income Taxes – Different Wage Brackets (2:30) – Money Saving Year-End Tax Strategies (2:52) – Tax Strategies for Employees (3:08) – Retirement Plan Taxes for Employees (4:48) – New Tax Law Changes for Individuals (Standard Deductions, Itemized Deductions, Charitable Donations) (7:55) – 2018 Tax Planning Checklist (8:48) – Tax Loss Harvesting (11:40) – Tax Gain Harvesting (12:53) – Tax Diversification: Taxable, Tax-Free, Tax Deferred Income (16:28) – Qualified Charitable Distribution (18:23) – Maximizing Retirement Plan Contributions (19:05) – Considering Charitable Strategies (Bunching Donations, Donor Advised Fund, Qualified Charitable Distribution) (20:29) – Reviewing Your Investments (Tax Loss and Tax Gain Harvesting Opportunities) (21:21) – Roth Conversions (22:04) – Maximizing Tax Strategies for Small Business Owners (23:11) – Required Minimum Distributions (23:52) – Taxes for an Independent Contractor (24:23) – Pure Takeaway 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.” http://bit.ly/2FDSfK2 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: 1013 Pure Financial Advisors, Inc.
What Type Of Education Expenses Are Tax Deductible? (Tax Deductions For College Students) - 2018
 
11:19
What Type Of Education Expenses Are Tax Deductible? In this video we will discuss 2018 Tax Deductions For College Students. With the cost of education being higher than ever it is more important than ever before to know what education expenses you can deduct on your tax return. Knowing what type of qualified education expenses are tax deductible will allow you to take advantage of the American Opportunity tax credit and life time learning credit. Video Outline and Time Stamps so you can quickly jump to any topic: • How to deduct education expenses on your tax return - 0:35 • IRS Publication 970 - 1:04 • What education fees are tax deductible? - 1:25 • College book tax deductions - 1:45 • What are related education expenses? - 1:57 • Is a computer tax deductible education expense? - 2:42 • What education expenses are not tax deductible? - 4:13 • Regarding tax-free money and education expenses - 5:22 • How to determine if an education expense is tax deductible if you are unsure? - 6:00 • Important rules regarding education tax deductions - 7:21 • Regarding Eligible Higher Education Institution - 8:19 • Who is an eligible student? - 8:55 ♦ Here is our education deduction video playlist which I mentioned in this video: https://goo.gl/HSXhAo ♦ IRS Publication 970 can be found here: https://www.irs.gov/pub/irs-pdf/p970.pdf ♦The Federal School Code List (Complete listing): https://ifap.ed.gov/ifap/fedSchoolCodeList.jsp Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Please subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Просмотров: 3826 Money and Life TV
Saving For College Tax Free - A Strategy For Business Owners!
 
05:12
http://www.lakefrontadvisors.com/tax-planning-services - Saving For College Tax Free When it comes to starting your children's college savings fund, many accounting professionals may recommend that you open up a 529 savings account. If you are a small business owner, we actually highly recommend that our tax planning clients DON'T do that! Why? Well, when it comes time to fill out your child's FAFSA (Free Application for Federal Student Aid) and assess their financial need, the amount that is in their 529 account actually TAKES AWAY from what their perceived financial need might be. Instead, we recommend that our small business clients do the following: 1. Hire their children and pay each up to $12,000 each year. As of 2018, $12,000 is the maximum a person can earn without paying income tax. 2. Open up a Roth IRA for them and contribute up to $5,500 a year of their tax-free income into the Roth IRA, instead of a 529. Why? Now the, up to, $12,000 a year is an expense to the business. Not only that, when it comes time to fill out their FAFSA, the (up to $5,500 a year) in their Roth IRA does not enter the equation when assessing their financial need. As long as they don't withdraw from the account more then was put in in principal, they can withdraw from the Roth IRA tax free. So, the money went in tax-free and it can be taken out, to pay for college, tax-free. This is just one of the tax planning strategies we utilize with our clients, when it makes sense for their present situation. Would you like to learn more about this strategy and other tax strategies that could potentially decrease your annual tax bill? Would you like to schedule your own Tax Planning Strategy Session? Click here: https://www.lakefrontadvisors.com/tax-planning-consultation If you would like to learn more about Lakefront Advisors, check out our website at http://lakefrontadvisors.com or click the following link to contact us directly: http://www.lakefrontadvisors.com/contact-us SUBSCRIBE to get more information about protecting your business and growing your profits! https://www.youtube.com/channel/UCFEN4NITWmycFAaqC104gWw?view_as=public Follow us on LinkedIn! https://www.linkedin.com/company/lakefront-advisors/ https://youtu.be/dRNg-NxdBNY
Просмотров: 2 Lakefront Advisors
College Savings Strategies
 
03:31
Ross Riskin addresses tax efficiency, financial aid efficiency, investment flexibility, and operational flexibility of various college savings strategies.
Просмотров: 320 The American College of Financial Services
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: 120 Jill Schlesinger
How to Reduce Taxable Income
 
10:03
This year, 96% of companies have raised their compensation, generating a higher income for millions of people, but also resulting in higher income taxes. Joe Anderson, CFP® and “Big Al” Clopine discuss how to reduce your income taxes and lower your tax bracket before the end of the year. They also discuss strategies for contributing to your retirement plans tax efficiently. Aired: 11-15-14 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-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: http://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: 20915 Pure Financial Advisors, Inc.
RESP - Registered Education Savings Plan
 
08:06
The video provides an overview of an RESP - Registered Education Savings Plan. The video talks about how parents can save for their children's education.
Просмотров: 4396 Canadian Tax Guide
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.
College Savings | Gideon Strategic Partners
 
01:45
With the increase in the cost of education it has become increasingly important for clients to start planning earlier. Here at Gideon Strategic Partners we can help design a flexible, tax efficient savings plan tailored to each individual client’s needs. For more info, please visit: https://www.gideonsp.com/
Просмотров: 34 Gideon Strategic Partners
College Planning Strategies
 
04:29
Ross Riskin discusses aspects to consider when choosing the best college planning strategy for your client's family, including tax planning strategies, cash flow planning strategies, and financial aid planning strategies.
Просмотров: 144 The American College of Financial Services
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: 1233 NashCollegePlanning
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
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: 158 simpleetax
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: 215 Pure Financial Advisors, Inc.
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: 186 simpleetax
Dave Ramsey - Baby Step 5 "College Savings"
 
02:11
The Living Covenant Foundation serves as a melting pot of ideas & best practices with the intent of empowering the people & promoting self-sustainability. For this Reason we are promoting a simple 7 step self-help program called "The Baby Steps" authored by Dave Ramsey. Dave is a personal money-management expert and extremely popular national TV/radio personality. He has authored multiple best-selling books. Dave Ramsey is the author & owner of this content, we are simply promoting his great work to help others! Please visit his website www.daveramsey.com for more information and advise.
Просмотров: 51672 Living Covenant
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: 3523 MyCollegeWallet
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: 131 CanonCapital
8 Tax Deductions for Real Estate Investors 2018
 
17:07
8 Tax Deductions for Real Estate Investors 2018 My favorite tax accountant Tom Wheelwright likes to say, “if you’re a real estate investor and you’re paying taxes, then you’re doing it wrong.” One of the top benefits of real estate investing is the enormous overall implication on your tax burden. In this video, I’m sharing eight deductions your tax advisor should be accounting for. I’ll talk about expenses like travel, education, and much more. If you want to make sure you have all your bases covered in order to lower your taxes, this video is for you! You'll learn about eight specific deductions you should be looking for in order to offset your income and maximize your tax benefits. I'll talk about travel, depreciation, home office, and much more. Press play to learn about eight tax deductions for real estate investors! Show notes page for this episode: morrisinvest.com/episode225 ProVision Wealth Strategists: https://goo.gl/BPr1cK EP022: How to Maximize Depreciation - Interview with Tom Wheelwright: http://morrisinvest.com/episode22 EP109: How to Write off Date Night on Your Taxes: http://morrisinvest.com/episode109 EP202: How Your Kids Can Invest in Real Estate with an IRA: http://morrisinvest.com/episode202 Tom Krol Wholesaling: The Easiest and Fastest Way to Make Money in Real Estate: https://goo.gl/SB4cyY Home Office Deduction - IRS: https://goo.gl/Z9MmHV BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Просмотров: 57613 Morris Invest
2018 Income Tax Changes For Individuals (2018 Federal Income Tax Rules) (Tax Cuts and Jobs Act 2018)
 
24:35
(Tax Cuts and Jobs Act 2018) 2018 Income Tax Changes for individuals explained! (2018 Federal Income Tax Rules) . VERY DETAILED AND EASY TO FOLLOW.... Learn about Donald Trump's new tax laws. Tax Reform 2018. 2018 Federal Income Tax Rules! Downloadable notes included below. The Tax Cuts and Jobs Act bill brings numerous new changes to the world of taxes. In this video you learn how these changes may impact your personal tax return. You can follow the links here to download the spreadsheet: https://www.dropbox.com/s/7q0595b3kt9jv5t/2018%20tax%20updates.xlsx?dl=0 Video Outline and Time Stamps so you can quickly jump to any topic: • Regarding filing your tax return as of 4/15/18 - 0:52 • References used to create spreadsheet - 1:39 • The actual tax bill - 2:07 • The 2018 Federal Income Tax Bracket Rates - 3:40 • About your payroll withholdings - 4:40 • Changes to the 2018 standard deducatoin - 5:04 • 2018 Personal Exemptions - 5:46 • Child tax credit rules for 2018 - 7:36 • 2018 State and local tax law changes - 8:20 • 2018 Mortgage interest deductions - 10:03 • 2018 Miscellaneous itemized deductions - 12:03 • 2018 Education and 401(K) Rules - 12:47 • Alimony rules for 2019 - 14:06 • 2018 Federal Estate Tax Exemption - 15:42 • Alternative Minimum Tax - 18:59 • Affordable care act tax penalties - 19:32 • 2018 Capital Gains, Charitable Contributions, Moving expenses, etc - 20:26 Check out some of our other videos and playlists here: ♦ Investing in the stock market!: https://goo.gl/yVAoES ♦ Save money, budget, build wealth and improve your financial position at any age: https://goo.gl/E97nJj ♦ Learn more about how federal income taxes work: https://goo.gl/D1hCX1 ♦ Ways to improve your life at any age: https://goo.gl/uq72bu Subscribe for our future weekly videos. New videos typically every Sunday or Wednesday. Do not forget to help out a friend and share this information with them as well. About me: I'm passionate about helping people build wealth by learning more about personal finances, investing and taxes. My mission is to help people improve their financial position career and life. I also enjoy teaching others about the accounting profession, tech tips, and helping people overcome challenges in their everyday life as well as their career. You can find our content on other internet planets such as....... My Website: Moneyandlifetv.com Twitter: https://twitter.com/Mkchip123 Facebook: https://www.facebook.com/moneyandlifetv/ ***Disclaimer*** All of the information in this video is presented for educational purposes only and should not be taken as financial, tax, or investing advice by any means. I am not a financial adviser. Although I am a CPA I cannot advise someone for tax purposes without knowing their complete tax situation. You should always do your own research before implementing new ideas or strategies. If you are unsure of what to do you should consider consulting with a financial adviser or tax accountant such as an Enrolled Agent, or Certified Public Accountant in the area in which you live. Thanks for taking time to check out this video, and our channel. Have a great day and we will see you in the next video!
Просмотров: 143851 Money and Life TV
What's the Best Way to Set Aside Funds for Future College Costs?
 
02:13
https://www.tushinghamwealth.com (866) 505-9016 One way to plan for your children's college education is through a 529 plan, which is an education savings plan operated by a state or educational institution. The name 529 comes from section 529 of the Internal Revenue Code, which created these types of savings plans in 1996. Although your contributions are not deductible on your federal tax return, your investment receives tax-deferred treatment and qualified distributions to pay for the beneficiaries' college costs come out federally tax-free. Non-qualified withdrawals are subject to state income tax and a 10% penalty. College savings plans offered by each state differ significantly in features and benefits. The optimal plan for each investor depends on his or her individual objectives and circumstances. In comparing plans, each investor should consider each plan's investment options, fees and state tax implications. State tax deductions vary by the state of issuance. Plan assets are professionally managed either by the state Treasurer's office or by an outside investment company hired as the program manager. But you have some control over how your investment is managed. You may be able to change to a different option in a 529 savings program every year, although plan restrictions may apply. Everyone is eligible to take advantage of a 529 plan and the amounts you can put in are substantial. The availability of tax or other benefits may be conditioned on meeting certain requirements. 529 plans are subject to enrollment, maintenance, administrative and management fees and expenses. Per beneficiary plans can vary greatly and care should be given to fully understand your 529 plan before you invest. Let us help you decide which 529 plan is right for you. Give us a call today. https://www.youtube.com/watch?v=DKflqcWqpec&list=PLQeaRubO4HwrZZo-_bOEAAXTFeAFa2Nvf&index=2
Просмотров: 87 Brett Tushingham
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: 24597 The College Money Mom
Timing the Market + 529 Plans and College Savings
 
01:14:01
Buying a home can seem like a daunting task, especially when you're doing it in a city like New York, where prices always seem to go up and never down. That's how we kicked off the show this week with Chris, a recent transplant from Chicago looking to find a new home in the Big Apple.  Next up was Jeff from Georgia who has the bright idea of timing the market. You know, buying low and selling high, and knowing exactly when it's going to happen!  Hour two was a deep dive into 529 plans and college savings in general with 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. 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 "Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Просмотров: 314 Jill Schlesinger
529 Plans as a College Saving Vehicle
 
04:46
Ross Riskin explains 529 savings plans and prepaid tuition plans, pointing out tax benefits and incentives for these plans designed to encourage savings for future education costs.
Strategies To Help Fund College - Steve Savant’s Money, the Name of the Game – Part 3 of 5
 
11:02
Synopsis: There’s no silver bullet for saving and paying for college, but there are significant strategies that can position your funding goals to pay off big come time to go to school. The number one strategic issue: Start saving as early as possible and be a consistent contributor. Watch the interview with the College Funding Coach, Brock Jolly. Content: The typical family pays for college with six funding resources: 34% grants & scholarships, 29% Parent Income & Savings, 13% Student Borrowing, 12% Student Income & Savings, 7% Parent Borrowing and 5% Relatives & Friends. 1 Historically, there is quite an inventory of savings vehicles: UGMA/UTMA, Grants, Scholarships, Work Study, Education Savings Bonds (Series I or EE), Coverdell IRAs, Post 911 GI Bill & ROTC, Section 529 Plans, Cash Value Life Insurance and Real Estate Equity. Sometimes tax management can come into play and free up money otherwise going to Uncle Sam. Knowing how to position and purchase investments on the basis of taxes can create greater cash flow, freeing up more money for college. Home equity is a resource, but not a free resource unless you’re age 62 or older. Some Baby Boomer parents had their children late in life. Traditional HELOC equity loans demand interest payments, the loan could be called and the equity line of credit has no earning power. But a HECM (Home Equity Conversation Mortgage) loan appreciates annually for any unused portion of the equity line and increases uncorrelated to its market home value. Borrowers pay no out of pocket interest payments and are not required to payoff the loan. You could borrow from your 401(k) retirement plan. You need to prove your need is imminent or immediate, not for repayment of a student loan, but for the upcoming year. Borrowing from your 401(k) plan is not free, reasonable interest will be assessed. Often plans have their own withdrawal rules for pre age 59½ access for plan participants. Some plans don’t allow ongoing contributions while an outstanding loan is on the books. The plan participant is losing out on the tax-deferred growth of the plan’s investments. Some plans have payment schedules that require payments and will treat late and unpaid payments as a taxable withdrawal with a 10% penalty before age 59½. You could borrow from your cash value life insurance, if the policy is a non-modified endowment contract and the contract is kept in force for the life of the policy insured. There are no taxes on the gains via policy loans. There are a variety of cash value policies to fit your risk profile and suitability requirements. So keep these funding options in mind as you work with your financial adviser to craft a college plan that supports your family’s goals. It’s your life. It’s your time. It’s your money. 1 Source: Sallie Mae, How America Pays for College 2016 Syndicated financial columnist, talk show host and popular platform speaker Steve Savant interviews college funding expert Brock Jolly on College Funding. 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/z-3Lb72dRJc
Просмотров: 1283 Steve Savant
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: 975 Steve Savant
Does a 529 plan affect financial aid?
 
01:17
Some parents fear that having money set aside for college will hurt their child's chances of getting federal financial aid. But the reality is, you could still qualify even if your child has a 529 plan.
Просмотров: 9925 saving4college
How To Make Your College Savings Tax Free and Recession Proof with Exponential Growth
 
06:37
With Student loan debt being over a trillion dollars, parents still paying their own student loans, Wall St 529 plans and the stock market funds remaining unreliable,you may want to consider: SAFETY, GUARANTEES, AND SECURITY!!!
Просмотров: 87 CollegiateFinancial
Long-Term Tax Advantages of Education Funding
 
01:28
Learn about the tax advantages that 529 Plans and Coverdell Education Savings Accounts offer that are not available through other college savings plans. Visit Northwestern Mutual: https://www.northwesternmutual.com/ Like us on Facebook: https://www.facebook.com/northwesternmutual Follow us on Twitter: https://twitter.com/NM_News Follow us on Instagram: http://instagram.com/northwesternmutual Subscribe on YouTube: https://www.youtube.com/northwesternmutual
Просмотров: 279 NorthwesternMutual
Maximize Tax Savings by “Bunching” Charitable Contributions
 
02:31
As the effects of tax reform become clearer, it may be time to reevaluate your approach to charitable giving. The charitable tax deduction is still a powerful tool for saving on your taxes, but it may require some additional strategy to maximize your savings. Learn how the “bunching” strategy may be able to help you increase your tax savings. Use the charitable tax savings calculator https://www.fidelitycharitable.org/tools-calculators/charitable-tax-savings-calculator.shtml -- Fidelity Charitable is an independent public charity that has helped donors support more than 210,000 nonprofit organizations with more than $25 billion in grants. Established in 1991, Fidelity Charitable launched the first national donor-advised fund program. The mission of the organization is to further the American tradition of philanthropy by providing programs that make charitable giving simple and effective. https://www.FidelityCharitable.org -- The tax information provided is general and educational in nature, and should not be construed as legal or tax advice. Fidelity Charitable does not provide legal or tax advice. Content provided relates to taxation at the federal level only. Charitable deductions at the federal level are available only if you itemize deductions. Rules and regulations regarding tax deductions for charitable giving vary at the state level, and laws of a specific state or laws relevant to a particular situation may affect the applicability, accuracy, or completeness of the information provided. As a result, Fidelity Charitable cannot guarantee that such information is accurate, complete, or timely. Tax laws and regulations are complex and subject to change, and changes in them may have a material impact on pre- and/or after-tax results. Fidelity Charitable makes no warranties with regard to such information or results obtained by its use. Fidelity Charitable disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Always consult an attorney or tax professional regarding your specific legal or tax situation. Fidelity Charitable is the brand name for the Fidelity Investments® Charitable Gift Fund, an independent public charity with a donor-advised fund program. Various Fidelity companies provide services to Fidelity Charitable. The Fidelity Charitable name and logo, and Fidelity are registered service marks of FMR LLC, used by Fidelity Charitable under license. Giving Account is a registered service mark of the Trustees of Fidelity Charitable. 850567.1.0
Просмотров: 20784 Fidelity Charitable
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: 22709 Pure Financial Advisors, Inc.
How To Save Tax For Canadians - Income Tax Tips You Should Know
 
05:10
4 Ways For Canadian Families To Pay Less Tax http://oxurl.co/tax-savings-for-canadians *** Please do your own due diligence and consult a certified tax expert. *** *** This video is only intended for educational purposes, eh. *** The Government of Canada has proposed a package of tax cuts and increased benefits... to make life more affordable for Canadian families in this beautiful country. Here's how Canadian families can hopefully put more money in their pockets this year: 1. The Family Tax Cut The new Family Tax Cut can lower a family's overall tax bill by allowing a spouse to essentially transfer up to $50,000 of taxable income to a spouse in a lower tax bracket for federal tax purposes, providing tax relief up to a maximum of $2,000. This measure is aimed at couples with children under the age of 18, where one spouse is in a higher income tax bracket than the other. For example, if one spouse earns $75,000 per year and the other earns $15,000... ... the higher- income earner could effectively transfer $30,000 to the lower-income spouse for federal tax purposes. This would reduce the amount of tax the couple pays by bringing the higher-income spouse into the lowest income tax bracket, resulting in the maximum tax savings of $2,000. Couples can claim the Family Tax Cut on their current tax year returns. To benefit, it is essential that each spouse must file a tax return, and either spouse may claim the credit. ------ Tax saving secrets for Canadians: http://oxurl.co/tax-savings-for-canadians ------ 2. The Universal Child Care Benefit As part of its family-friendly measures, the Canadian Government is also proposing to enhance the Universal Child Care Benefit. Parents with children under the age of 6 would receive $160 per month, up from $100. In addition, parents with children aged 6 through 17 would receive $60 per month. Not bad. How do parents qualify? By completing the Canada Child Benefits Application form. Parents who have already completed this form to access other child-related benefits do not have to resubmit the form unless their family situation is different. 3. The Child Care Expense Deduction Parents incurring child care expenses to go to work or school can deduct child care expenses from their income when filing their tax returns. Starting in the 2015 taxation year, the Government has proposed that the maximum dollar amount that can be claimed each year increase by $1,000. The new maximum dollar limits would be: • $8,000 per child under age 7 • $5,000 per child aged 7 to 16 (and for infirm dependent children over age 16) • $11,000 for children who are eligible for the Disability Tax Credit. 4. The Children's Fitness Tax Credit If parents have kids enrolled in sports to keep them active, they can now claim expenses of up to $1,000 per year for each eligible child. That's double what they could have claimed previously. Parents can take advantage of the new $1,000 limit when they file their tax returns for the current tax year. 1) The Family Tax Cut 2) The Universal Childcare Benefit 3) The Child Care Expense Deduction 4) The Children's Fitness Tax Credit Please do your own due diligence and contact a local tax expert to confirm that you're eligible for what you've seen and heard in this video. Thanks for watching. Tax saving secrets for Canadians: http://oxurl.co/tax-savings-for-canadians https://www.youtube.com/watch?v=ToX9cExZQoY
Просмотров: 22392 How2Videos
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: 2350 CSPNCollegeSavings
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: 1592 Brand AMG
The biggest mistake people make with their retirement portfolio
 
02:14
The obvious answer would be spending too much, but that's not it. Many investors make radical changes to their portfolio because of market volatility. Colleen Jaconetti from Vanguard's Investment Strategy Group says to stick with your investment plan and spend from capital appreciation if necessary. *All investing is subject to risk, including the possible loss of the money you invest. For more information about Vanguard funds, visit vanguard.com or call 877-662-7447 to obtain a prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.* When taking withdrawals from an IRA before age 59½, you may have to pay ordinary income tax plus a 10% federal penalty tax. This webcast is for educational purposes only. We recommend that you consult a financial or tax advisor about your individual situation. © 2014 The Vanguard Group, Inc. All rights reserved.
Просмотров: 63287 Vanguard
AZ SAVING FOR COLLEGE  INVESTMENT TEMPE  480-503-0050
 
03:27
AZ College Saving & Investment Options are Explained in Certified Financial Planner Teresa Bear’s video “AZ Saving for College – Investment Options”. FOR MORE INFORMATION ON COLLEGE FUNDING OPTIONS CALL TERESA BEAR AT 480-503-0050 http://www.TeresaBear.com To find out more about Coverdell IRA’s, go to: https://www.irs.gov/publications/p970/ch07.html#en_US_2014_publink1000178400 For Arizona 529 plans go to www.AZ529.gov Planning Areas Include: Pre-Retirement & Retirement Planning, Income Planning, Social Security Strategies, Tax Planning, IRA & 401(k) Rollovers, Wealth Accumulation & Investments, Life Insurance, Annuities, Long-Term Care, Financial Planning for Women, Transition Planning (due to Job Change, Job Loss, Retirement or Moving to Arizona). Check out Teresa's web site: http://www.TeresaBear.com Email: info@TeresaBear.com Twitter: http://twitter.com/teresabear Facebook: https://www.facebook.com/pages/Teresa... Tumblr: http://teresabearcfp.tumblr.com Linked In: https://www.linkedin.com/in/teresabear Author of the book "She Retired Happily Ever After", Teresa Bear specializes in retirement planning, income planning and asset preservation for retirees and their loved ones. To order the book, visit Amazon http://www.amazon.com/Teresa-Bear/e/B008VEFOWQ Teresa Bear is a CPA and a CERTIFIED FINANCIAL PLANNER ™ professional who combines tax knowledge with her expertise with investments. She is definitely "Smarter Than the Average Bear!" To find out more about the benefits of hiring a CERTIFIED FINANCIAL PLANNER ™ professional -- CFP ® - check out this video from the CFP ® Board:http://youtu.be/e_Ql_7NCk0o This video features information from the following sources: "Chrizz Luvly feat. Calvin Jazz - Winter Music (Dirty Play Remix) Free Download!" by Dirty Play is is licensed under a Creative Commons Attribution license. https://soundcloud.com/dirty-play/chrizz-luvly-feat-calvin-jazz Licensed under the Creative Commons Attribution-Share Alike 3.0 Unported license: "Hand Cursor" by Mushii https://commons.wikimedia.org/wiki/File:Mano_cursor.svg Public Domain Images & Video: “3” https://pixabay.com/p-150792/?no_redirect https://pixabay.com/en/woman-blonde-automobile-car-160342/ https://pixabay.com/en/cap-college-education-school-312027/ https://pixabay.com/en/baby-baby-girl-sleeping-baby-784609/ https://pixabay.com/en/summer-girl-teen-dreams-718732/ Other Sources: Stock photos licensed from I Stock Photo & BigStock Photo
Просмотров: 127 Teresa Bear
529 College Savings Plans: Can grandparents open a 529?
 
01:27
http://www.savingforcollege.com In this Q&A episode with Joe, the "529 Guru", we discuss the potential implications to taxes, beneficiaries, and financial aid when grandparents open a 529 plan for their grandchildren.
Просмотров: 2501 saving4college
Money Answers Show: College, 529 Plans, and Finance with Megan Gorman
 
54:43
Guest: Megan Gorman Description: Rapidly rising college expenses have parents, guardians and aspiring students struggling to make college a reality! Is a college education really within the grasp of everyone who wants to attend? What can be done in advance to make college more of a certain reality once a child is ready for it? Host Jordan Goodman talks with financial planner Megan Gorman about college and college planning. Gorman and Goodman discuss 529 plans and their role in covering college costs and the new role of 529 plans paying for K-12 private schooling. Guest Bio: Megan Gorman has been coloring outside the lines from an early age. In 2015, she founded Chequers Financial Management, an independent Registered Investment Advisory firm in San Francisco. She’s a rare female owner in an industry where executive ranks are overwhelmingly male. Chequers is a boutique high net worth tax and financial planning firm committed to ensuring that tax strategy serves as the cornerstone of the financial planning process.) Prior to founding Chequers, Gorman was Vice-President – Counseling at Ayco, A Goldman Sachs Company, where she spent 11 years; and Vice-President/Senior Director at BNY Mellon Wealth Management. In the fall of 2017, Gorman launched The Wealth Intersection. Gorman’s unique approach to discussing financial topics from a broader perspective is designed to engage and challenge readers, helping people gain insights into both their relationship with money and into specific money management issues. URL: www.thewealthintersection.com
Просмотров: 21 Money Answers TV
RESP - Registered Education Savings Plan #1: What IS an RESP?
 
04:42
What is an RESP? RESP stands for Registered Education Savings Plan, and this is a special type of investment account used to help Canadians pay for the cost of post-secondary education for their kids. This video explains the very basics of what an RESP is. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: https://www.youtube.com/channel/UCPW3tAKJzWvAiA6KTv83Dfw?sub_confirmation=1 SUBSCRIBE TO MY MAIN CHANNEL to learn even more about money: https://www.youtube.com/preet182?sub_confirmation=1 MY BOOK TO LEARN ABOUT THE BASICS OF PERSONAL FINANCE: https://www.amazon.ca/Stop-Over-think... SOCIAL NETWORKS: Instagram http://instagram.com/preetbanerjee Twitter http://twitter.com/preetbanerjee Facebook http://facebook.com/preetbanerjeefans Snapchat: snsp182 Periscope: @preet BLOG: http://www.wheredoesallmymoneygo.com WEBSITE: http://www.preetbanerjee.com
Просмотров: 7688 Money School Canada
College Savings Plans Don't Work.  Learn how to save ON college, not just FOR college.
 
01:22:45
College savings plans don't work. With rising inflation, it's important to save ON college, not just FOR college. Learn how! ================================== Make sure not to miss a video from Chris! Click here to subscribe: http://www.youtube.com/subscription_c... ========================================­==== https://www.LIFE180.com ========================================­==== Why just save FOR college, when you can save ON college?! Learn the secrets thousands of families are using to avoid costly mistakes selecting, applying and paying for school. This free training reveals secrets thousands of parents are using to avoid costly traps & pitfalls! (explained with fun, colorful slides!) It will debunk common, yet crushing, myths, such as: ~ "My 529 plan is good enough" ~ "We can't afford a school like that" ~ "I make too much to qualify for financial aid" ~ "My guidance counselor / financial advisor is helping - so we're all set" and more, to help parents maximize time, money and energy on preparing for, selecting, and paying for college...not sacrificing their own future unnecessarily. There ARE alternatives, and our passion is empowering parents like you - all incomes, savings levels, and ages. During This Webinar You Will Discover Secrets No Family Can Afford To Miss If everything you thought to be true about saving for college turned out not to be, when would YOU want to know? If the answer is "yesterday", you're in the right place! ~ Learn how to combat the rising costs of college, no matter your income! ~ Learn key financial aid terms & acronyms, so you can outsmart college salespeople. ~ Learn how NEVER to pay retail for school. ~ Debunk the 6 greatest myths about qualifying for financial aid (you'll be amazed!) ~ Discover how need-based aid is calculated - and why it's important ~ Develop a process for selecting, applying, and paying that can save you tens of thousands! ~ Secrets thousands of parents are using to pay for college without eroding retirement! ~ Why "savings "vehicles like "529 PLANS" aren't what you think - and may leave you high & dry and much, much more! ========================================­====== Chris Kirkpatrick "The Safe-Bet Money Guy" www.LIFE180.com Facebook: Facebook.com/life180llc Follow our LIFE180 Roadmap to Financial Success Course and learn how to structure your life like the wealthy: life180.com/3videos https://youtu.be/4chBFMZqJrc College Savings Plans don't work
Просмотров: 4780 LIFE180: Leading Into Financial Excellence
College Advantage 529 Savings Plan- The Better Way To Save For College
 
02:23
Since 1989, the Ohio Tuition Trust Authority, a state agency within the office of the Chancellor of the Ohio Board of Regents, has been helping families save for a college education. Ohio was one of the first states to offer a Section 529 qualified tuition program. 529 plans are tax-advantaged college savings programs offered by states or eligible educational institutions and have fast become one of the most popular ways to save for college. The Tuition Trust offers and administers the CollegeAdvantage 529 Savings Program. CollegeAdvantage is offered directly through the Tuition Trust (Direct Plan) and is also offered through financial professionals (Advisor Plan). Both plans offer a wide variety of investment options in order to appeal to the diverse needs of families saving for college. There are options for risk-averse savers seeking to minimize risk and preserve principal, and options for experienced investors seeking to maximize returns by investing in domestic and international equities. The CollegeAdvantage Direct plan offers investment options from leading fund managers such as The Vanguard Group, PIMCO, GE Asset Management and Fifth Third Bank, which offers FDIC-insured savings account and CD options. Mutual fund-based investment options include age-based options that allocate your investment based on the age of your child and your risk profile, risk-based options, balanced multi-fund options, individual fixed-income (bond) and equity (stock) options. Bank options include traditional savings accounts and CDs. The CollegeAdvantage Advisor Plan is managed by BlackRock, and is available only through financial advisors. CollegeAdvantage Advisor Plan, from BlackRock offers investment choices from BlackRock, iShares, Rainier, Wells Fargo and ING Funds. Video to promote College Advantage 529 Savings Plan Vital Companies Production The Gore Family- The Family That Saves Together Tax Deductible www.whatisa529.com
Просмотров: 574 Vital Companies
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: 28462 Laura Pitko
How to create a retirement savings plan
 
03:58
​If you haven't yet started saving for retirement, here are some tips to help you on your way. Important information For more information about Vanguard funds, visit https://vgi.vg/2hlmMoX to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. All investing is subject to risk, including the possible loss of money you invest. Be aware that fluctuations in the financial markets and other factors may cause declines in the value of your account. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Diversification does not ensure a profit or protect against a loss. This webcast is for educational purposes only. We recommend that you consult a tax or financial advisor about your individual situation. Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor. © 2017 The Vanguard Group, Inc. All rights reserved
Просмотров: 789 Vanguard
Mutual fund SIP investment, beginner's strategy for first year college students in Hindi.
 
01:36
As a 17 years old student, you can earn 1cr INR by monthly SIP of 500 INR till the age of 60 under any direct ELSS tax saving Plan. Think about investment from the very early age of your life otherwise, people regret later. Thanks to Www.sipcalculator.in
Просмотров: 60 Sundeep Prakash Jaiswal