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Contribution Limits 2017 - How Much Can I Contribute to My Retirement Plan This Year?
How much can you contribute to your 401k, IRA or other retirement savings account this year? Here’s a rundown of the 2017 contribution limits. Download my Pre-Retirement Toolkit: http://bit.ly/WFGToolkit. Scott Weiss is a Fee-Only Certified Financial Planner. Subscribe to my channel: http://bit.ly/scottweisscfp ******************************************** Learn more about working with Scott at Weiss Financial Group Here: http://www.weiss-financial.com ******************************************** Subscribe to my blog: http://www.mahopacmoney.com ******************************************** Get Social -------------------------------- LinkedIn: https://www.linkedin.com/in/scottgweiss Facebook: https://www.facebook.com/WeissFinancialGroup Twitter: https://twitter.com/_scottgweiss ******************************************** Video Notes: ---------------------- How much can you contribute to your 401k, IRA or other retirement savings account this year? A new year brings new opportunities to try and max out your retirement savings. Here’s a rundown of the 2017 contribution limits: IRAs For 2017 they remain the same as 2016: $5,500 for IRA owners who will be 49 and younger this year. $6,500 for IRA owners who will be 50 or older this year. These limits apply to both Roth and traditional IRAs. What if you own multiple IRAs? The total combined contributions cannot exceed the maximum allowed 401(k)s, 403(b)s, & 457s Each of these workplace retirement plans have 2017 contribution limits of $18,000 $24,000 if you will be 50 or older this year. Now, If you are a participant in a 457 plan and within three years of what your employer deems “normal” retirement age, you can contribute up to $36,000 annually to your plan during the last three years preceding that “normal” retirement date. High Earners High earners may find their ability to make a full Roth IRA contribution restricted. This applies to a single filer or head of household whose modified adjusted gross income (MAGI) falls within the $118,000-133,000 range, and to married couples with a MAGI of $186,000-196,000. If your MAGI exceeds the high ends of those phase-out ranges, you may not make a 2017 Roth IRA contribution. (For tax year 2016, the respective phase-out ranges are $117,000-132,000 for single and $184,000-194,000 for married) SIMPLE IRAs & SEP-IRAs In 2017, the contribution limit for a SIMPLE IRA is $12,500; those who will be 50 or older this year may contribute up to $15,500. Federal law requires business owners to match these annual contributions to at least some degree; self-employed individuals can make both employee and employer contributions to a SIMPLE IRA. Both Business owners and the self-employed can contribute to SEP-IRAs. The annual contribution limit on a SEP-IRA is very high – in 2017, it is either $54,000 or 25% of your income, whichever is lower. Sources: --------------- 1. This material was prepared in part by MarketingPro, Inc. Disclosure: ------------------- Weiss Financial Group is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser, tax professional, or attorney before implementing any strategy or recommendation discussed herein. Insurance products and services are offered through individually licensed and appointed agents in all applicable jurisdictions. The advisers at Weiss Financial Group are not attorneys of a law firm but can provide guidance to the client’s other professionals. Leave me a comment to ask any question or contact me through my website if you'd like to see if I can help you.
Просмотров: 6077 Scott Weiss, CFP
Do your retirement plans share contribution limits, catch-up provisions or tiered percentage match
Do your retirement plans share contribution limits with another plan, have an over 50 catch-up provision or tiered percentage match? http://www.integrity-data.com/software/ehanced-retirement-plans/ 888.786.6162 You’re probably watching this video because you’ve realized that Dynamics GP doesn’t handle these situations well…or at all. Integrity Data’s Enhanced Retirement Plans product will automate all of these components of your retirement plans. Hi, I’m Dan with Integrity Data, a Microsoft Dynamics GP Payroll software provider. • If you have multiple defined contribution plans, employees are subject to a combined contribution limit for all the plans. Dynamics GP cannot enforce this limit, but Enhanced Retirement Plans does. • The over 50 catch-up feature in Enhanced Retirement Plans helps you identify and enroll employees in the over 50 catch-up provision in just a couple, quick clicks and applies to multiple plans just like the contribution limit. • In addition, Enhanced Retirement Plans automates the calculation of the employer match when it is a tiered percentage of the employee contribution. These are ways Enhanced Retirement Plans helps you better manage your retirement plans in Dynamics GP. Rely on Integrity Data for a purchase, implementation and support experience that is second to none. For product demonstration videos, frequently asked questions and value calculators, please visit www.integrity-data.com or call 888-786-6162. © Integrity Data 2017 - Microsoft Dynamics GP Payroll software provider located in Illinois http://www.integrity-data.com/ 888.786.6162
Просмотров: 56 Integrity Data Inc
401k Contribution Limits
This video will describe what the maximum 401k limits are and how to maximize your contributions to the 401k plan. The deferral limit is $17,000 for 2012 and $17,500 for 2013. The catch up contribution is $5,500 for 2012 and 2013. The total maximum contribution is $50,000 for 2012 and $51,000 for 2013. This does not include the $5,500 catch up contribution for particiapant over 50 years old. Visit http://www.elite401kplans.com for advice on designing your 401k plan to maximize your contributions.
Просмотров: 1133 elite401kplans
401k VS Roth IRA
Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1 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: 358505 The Dave Ramsey Show
IRA Investing | Can you...Should you have more than one IRA?
Links: -Traditional IRA Rules http://www.jazzwealth.com/2017-traditional-ira-rules-and-guidelines.html - Roth IRA Rules: http://www.jazzwealth.com/2017-roth-ira-info.html - Invest IRA in Real Estate: https://www.youtube.com/watch?v=w77T95IwUYU Facebook https://www.facebook.com/JazzWealth/ Website www.jazzwealth.com Twitter https://twitter.com/JazzWealth Google+ http://tinyurl.com/z4frbp3 Blogger http://askjazzwealth.blogspot.com/ LinkedIn https://www.linkedin.com/in/dustinray... Tumblr https://www.tumblr.com/blog/jazzwealt... Instagram https://www.instagram.com/jazzwealth/ Daily Motion http://www.dailymotion.com/jazz-wealth Slideshare http://www.slideshare.net/DustinTibbitts LiveJournal http://jazzwealth.livejournal.com/ Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Просмотров: 6644 Jazz Wealth Managers
Does the SEP or 401k Strategy Make More Sense? | Mark J Kohler | Tax & Legal Tip
Sign up for my weekly newsletter now! With awesome tax and legal tips, upcoming and current tax reforms, deadlines, special offers from my Lawfirm and Accounting Firm, and much much more! Don't miss out on this opportunity, It's FREE!! how could you get better than that!? Click the link below: http://markjkohler.com/youtube/ This video explains whether or not the SEP strategy is for you! It gives a detailed explanation and compares the SEP to the 401k. If you enjoyed this video make sure to subscribe and hit the like button! Also, if you're interested in finding out more click the links below to talk with a representative and set up an appointment with me now! Click Here for my Tax and Legal Library: http://markjkohler.com/product/tax-legal-library/ Click Here for the Quickbooks Training: http://markjkohler.com/products/quickbooks-basics/ Click Here for the How to Start a Small Business Series: http://markjkohler.com/products/starting-a-small-business/ Download my FREE E-Book "The 10 Best Tax-Saving Secrets Everyone Should Know", or make an appointment for a FREE interview with an attorney or CPA visit: http://www.markjkohler.com/youtube Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at https://www.facebook.com/markkohler/ For more information about tax strategies and advice, check out my blog post "Last Minute Tax Strategies Before Filing" https://markjkohler.com/last-minute-tax-strategies-before-filing/ To purchase my new book: "The Business Owner's Guide To Financial Freedom- What Wall Street Isn't Telling You" please visit my bookstore here: https://markjkohler.com/products/fina... Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at: http://www.ke-cpas.com Help us caption & translate this video! http://amara.org/v/aTia/
Просмотров: 4791 Mark J Kohler
What if a client has multiple retirement accounts?
So often times when we have clients that come to Rebalance IRA, they will have multiple accounts from former employers. And really our goal is to want to try to give them some sense of control of really what they have for retirement. So we'll help them in consolidating all of their accounts. We'll work with their former plan administrators and bring all of their assets together in one place that then will help with their retirement investment strategy.
Просмотров: 49 Center for Retirement Investing
How many Roth IRAs can you have?
There are many people calling and emailing jazz wealth these days and I have to say you all are very creative and dedicated to your retirement investments. The first question from people is, can I have a 401k at work and also a Roth IRA on the side? The answer is yes you can. Having a 401k at work and a Roth IRA with your own retirement investments are very complimentary. Having a Roth allows you more flexibility than a 401k, but of course if the 401k offers you a match then you have to start there. The next retirement investing question I get the most of is, can I have more than one Roth? Many times people open one and contribute the max amount. The next logical step is to open another Roth IRA and contribute to that one as well. While you can have multiple IRA's, you need to stay within the max contribution as a combined total. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments and, using NestEgg we can help you with every penny! ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Investment related questions 📧 Dustin@JazzWealth.com Business Affairs 📧Carolyn@JazzWealth.com
Просмотров: 3685 Jazz Wealth Managers
403b Retirement Plans Made Simple - An Ed4Ed Guide
http://ed4ed.org breaks down 403b retirement plan into an easy to understand video. Watch this video to learn about 7 important benefits 403b plans provide. Some of the many benefits offered by this type of retirement plan includes: Tax Deductible Contributions - Not only are you able to contribute your pre-taxed income, but you can also deduct contributions from your federal tax payment. Multiple Investment Options - Choose a provider you are most comfortable with to administer your plan. Taxes Paid When Money is Withdrawn - You will not have to pay taxes until you withdraw the money at a later date. Roth Options - Some employers will allow Roth contributions to 403b plans. Savings Grow Tax Free - No taxes on interest AND no capital gains. Loans Could Be Taken Against Plan - Some plans may allow you to barrow from you plan. Details regarding consequences can vary. Contribution Limits Higher Than IRA Plans Find additional tips at http://ed4ed.org/403b-457-plans/what-is-a-403b-plan https://www.facebook.com/ed4ed.org/?ref=hl https://www.facebook.com/403btsa/?ref=hl
Просмотров: 3808 Ed4Ed.org
$5,500 A Year To Become A Millionaire 💰 Roth IRA Strategy
Is it possible to become a millionaire while investing $5,500 a year? Yes. It is! In this video, I explain what a ROTH IRA is and how you can become a millionaire by passively investing until retirement! ROTH IRA's are perfect for teenagers and young adults or those who are in the lower half of U.S. income tax brackets. The whole point of ROTH IRA's is to pay income taxes upfront so that when you are ready to retire at age 59.5, the money that you withdraw from your ROTH IRA account will be completely UNTAXED!!! Thanks for watching! Let me know if you have any questions!
Просмотров: 33207 Nate O'Brien
Automate and employee retirement contribution & company matches in Microsoft Dynamics GP
Automate and employee retirement contribution & company matches in Microsoft Dynamics GP http://www.integrity-data.com/software/enhanced-retirement-plans/ 888.786.6162 Do your retirement plans have a tiered employer match catch-up provisions or a shared contribution limit with another plan? Do you have employees over age 50 that want to utilize catch-up? Do you manually track contribution maximums when an employee is enrolled in multiple plans? How does your company calculate your tiered employer match? Does your company offer both traditional and Roth retirement contribution options? Are you changing deduction codes to enable additional contributions under the catch-up provision? Organizations that offer benefits like 401k or 403b plans can benefit from Enhanced Retirement Plans from Integrity Data when they need the ability to calculate maximum contributions across multiple deferred compensation and/or Roth plans, Support the catch-up maximum contributions within the same plan or offer employer matched contributions based on tiers. An organization can group a set of retirement codes that share the maximum annual limit including the additional limit and age requirements for the catch-up provision when payroll is calculated, the maximums are enforced. A tiered matching benefit can be quickly assigned to a retirement code that will automatically calculate the benefit during payroll calculation. Enhanced Retirement Plans works with the payroll module alone or the HR and payroll modules together. Here is an example of how Enhanced Retirement Plans could be used. Fabrikam has updated their retirement plan for the next year. They have added another investment company to its 401k plan. Tthey also added the option to enroll in Roth 401k this year. Fabrikam will now match employee deductions at 100% for the first 3% and 50% from 3% to 5%. Claire, the HR payroll manager, quickly adds the three new codes to Fabrikam's retirement plan in the retirement plan setup window and Human Resources a Roth code for their existing investment company. A new traditional code for investment company b and then a Roth code for investment company b. During the process Dynamics GP creates the payroll deduction setup codes and benefits setup codes. To which Claire assigns a start date, checks the appropriate tax sheltered checkboxes and adds the other deduction and benefit information that payroll needs. Now that Claire has the retirement codes and descriptions set up in HR and payroll; from the retirement plan setup window in human resources, she first assigns the tiered employer matching percents in the employer benefit variable matching window. Claire checks the enabled benefit matching checkbox and then divides percentages for the from and to range and the percent benefit match. Once she completes the variable matching task for each retirement code she opens the retirement contribution setup window to group the codes and assign the shared maximum amount catch-up maximum amount and catch-up minimum age. Today Claire, the HR payroll manager, is notified that Howard the IT network specialist has enrolled in multiple 401k plans both traditional and Roth from the two investment companies that Fabrikam now uses for their retirement plans. Claire and enrolls Howard in each of the retirement plans in the retirement plans enrollment window setting up the needed information. When Claire saves the enrollment she indicates that Howard will also be contributing to retirement catch-up. Dynamics GP automatically creates the payroll employee deduction information for Howard and his payroll employee benefit information. At any time Claire can verify that the catch-up maximum is enabled for Howard from the retirement catch-up window off the employee maintenance window. After Claire runs the build process, she can view Howard's benefits and deductions on the check file report. Likewise, when she calculates the checks Claire can view Howard's benefits and deductions calculation amounts on the calculate checks report. With Enhanced Retirement Plans from Integrity Data, Claire can assign a tiered employer match to a retirement plan setup and Dynamics GP will automatically calculate the correct benefit amounts. Enable the retirement catch up for an employee that meets the age requirement rules by simply answering yes to a prompt or checking a checkbox. Be confident that IRS maximums are enforced across multiple plans and catch up amounts are included when needed. Save time during enrollment or when making changes because Dynamics GP will automatically apply your retirement settings to the employee process payroll with ease and be confident that employee deductions and employer benefits are accurately applied. For more information visit http://www.integrity-data.com/software/enhanced-retirement-plans/ 888.786.6162 © Integrity Data 2017 - Microsoft Dynamics GP Payroll software provider located in Illinois
Просмотров: 45 Integrity Data Inc
What Is The Best Way To Consolidate Multiple 401k Plans?
Jim and his wife have changed jobs more than once over the past 20 years. Now they have multiple mutual funds from multiple 401k plans. Things have gotten a bit overwhelming and now Jim wants to consolidate these investments. Original air date: April 22, 2018 - Hour 1, Call 2. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than You Think, Buy it here: https://retiresoonerbook.com/
Просмотров: 124 Wes Moss Money Matters
How to Invest with Multiple Retirement Accounts
Are your funds spread between different accounts? Learn how to own hard assets with this tip today. You can own real estate today! www.AmericanWealthBuilders.com Follow us on Instagram, Facebook, and more! @AmericanWealthBuilders
Просмотров: 338 American Wealth Builders
Qualified Retirement Employer Plans – Steve Savant’s Money, the Name of the Game – Part 1 of 5
Sub Headline: ERISA Plans Can Add Significant Value to Employers Benefits Plans Synopsis: Employers are always seeking an edge in employee recruitment and retention. So many companies offer ERISA qualified retirement plans in their company benefits to attract and maintain a solid work force and take advantage of the tax-favored treatment. Watch the video interview with retirement expert Jodie Dailey, CRS, QPA, ERPA. Content: Defined Benefit Plans are one of the most useful of all retirement plans that can favor the older business owner with large income tax deductions while securing significant retirement and estate benefits. This is a brief outline of the potential benefits of these plans. Actual benefits must be calculated and certified by a qualified actuary. General Plan Design: These plans work best when the business owner(s) are older than the general employee population. A Defined Benefit Plan favors older employees because larger contributions are required in light of the shorter time to retirement. Contributions are mandatory each year based on the plan’s benefit formula, unless that formula is amended prior to the accrual of any benefits during the plan year (i.e. first few months of the plan year) or if the plan is terminated. These plans are best suited for those companies that have consistent profits and have a need for ongoing business tax deductions. Integration of a Defined Benefit Plan with a 401(k) Plan: We will strive to have the benefits of the non-key employees funded in the 401(k) plan, while the Defined Benefit plan will fund the benefits for the owners and older employees. Plan Contributions by the Company: The amount of the required plan contribution can be almost any amount the employer wants up to the legal limits. Generally, each plan year, the employer is provided a minimum/maximum range of funding for the plan. In addition, employee demographic is critical in the plan design as factors such as employee turnover can have a major impact on plan design. This is why we ask for detailed census information each plan year. Plan Contributions for Owners: When we design the plan we will always try to maximize benefits and contributions for the owners. The plan design will be set at the amount the employer can comfortably budget. However, when we look at how large the contributions might be for the owners of the company, potentially their allocation may be as high as $400,000 to $500,000 per year per owner. We can design the contribution to be almost any amount within limits, but most owners like to make it as high as possible. Contributions for Employees: The amount of the contribution for employees can vary, but we always try to minimize this while still keeping the plan in compliance with the non- discrimination rules. Retirement Benefits: The retirement plan is exempt from corporate and personal creditors while providing unparalleled retirement income security for all employees. Business Benefits: There are methods whereby the retirement plan can supplement the Exit planning and Buy Sell planning for the business owners. Along with the value of the owner’s company, this retirement plan can become one of the largest assets for the business owner. We want to make sure the plan fits his/her personal planning needs as well as his/her business needs. Tax Risks: The plans are guided by IRS approved plan documents. In addition, upon set up of a plan the plan documents are filed with the IRS and a Determination Letter is requested. Every precaution is taken to design and run the plan within the laws and regulations governing them. Jodie Dailey is a co-contributor to this press release. Syndicated financial columnist, talk show host and popular platform speaker Steve Savant interviews retirement expert Jodie Dailey. 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/GZuM-Ntk6jk
Просмотров: 2307 Steve Savant
How much money can you put into an IRA or Employer Sponsored Retirement Plan?
IRA or Employer Sponsored retirement accounts are subject to annual contributions. There are limits. Into an IRA, if you're under the age of 50, you can contribute $5500 in 2014. If you're over 50 years of age, you can add an additional $1000 per year, which is called a "catch up". Employer Sponsored retirement account = $17,500 per year. With TSP, 401k, 403b, you can add another $5,500 in "catch up". I think these are great way to put money away for your retirement years. If you have multiple accounts, like a traditional IRA and a Roth IRA, your limit still remains at $5500 per year, if under age 50. There are also restrictions based on income. So, it is wise to consult a retirement specialists when deciding where to put your retirement dollars. Video from "Skills To Pay The Bills" with Hosts Freeman Owen Jr and Carolyn Owen. www.JustAskFreeman.com Call Toll Free: (866) 471 7233
Просмотров: 301 Freeman Owen
How to Maximize Your Retirement Contributions
https://www.advantaira.com/learning-center/ How to Maximize Your Retirement Contributions Are you … - a sole proprietor? - a business owner with less than 100 employees? - an independent contractor? - self-employed? - a partner in a business? In this webinar, we will be discussing what types of contributions can be made to your self-directed IRA such as the Simplified Employee Pension Plans (SEP), the Savings Incentive Match Plan for Employees (SIMPLE), and the Individual(k). Here's what you can expect to learn … - An overview of each plan; - How to choose the right plan for your business; - How to calculate your contributions; - What the maximum contributions are; - How to establish your plan. How to Maximize Your Retirement Contributions | self directed ira services | self directed IRA | self-directed IRA | checkbook IRA | what is a self-directed IRA | what is a self directed IRA | IRA real estate | self directed real estate IRA | SEP | SIMPLE | individual k | individual(k) | retirement plans | tax deadline | 2017 tax deadline | IRA contributions | contribution limits
Просмотров: 146 Advanta IRA
Retirement Plans & Investments : Can You Contribute to a Roth IRA for Your Spouse?
Whether an individual can contribute to a Roth IRA for their spouse will depend on whether the spouse is working, the terms of the IRA contract and where the income is coming from. Consult a licensed professional when setting up a Roth IRA with advice from a financial adviser in this free video on individual retirement accounts. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for more than 30 years. Filmmaker: Christopher Rokosz
Просмотров: 198 ehowfinance
How the New Tax Laws Impact Retirement Savings
Mercer | https://goo.gl/rPDhV8 | Mercer Intellectual Capital Solutions Tax Reforms Changes to retirement defined contribution benefit Geoff Manville The 2018 retirement policy agenda has kicked off with a big sigh of relieve over what wasn’t included in the tax cuts and Jobs Act. We dodged proposals to cut tax incentives for savings and eliminate a non-qualified deferred compensation entirely. In the end, we wound up with relatively few changes although the new 21% corporate tax rate definitely raises some important implications for pension funding and risk transfer strategies that sponsors are going to need to look at right now. It’s also likely that many of the retirement proposals dropped from the final tax law will continue to be in play. As for revenue raisers this year we’re not expecting any serious consideration of major changes like limiting pre-tax contributions and mandating more Roth treatment of savings. But some more modest revenue raisers could be in play, like baring catch-up contributions for high-income folks and scaling back special contribution rules. for 403B and 457B plans there were also a lot of non-revenue related reforms in early versions of the tax law and that’s indicative of strong bipartisan interest in retirement policy. That’s going to continue this year. A handful of those provisions became law last week as part of the major budget bill, including eased rules on hardship distributions and on distributions for folks in California wildfire areas. Some other bigger, widely supported changes that weren’t candidates for inclusion in the new tax law but that could still see action this year includes things like allowing open defined contribution, multiple employer plans or MEPs. those would let otherwise unrelated small businesses band together and participate in a single plan encouraging more lifetime income options and DC plans is also a big goal. Facilitating electronic delivery of plan communications and creating a new alternative 401k safe harbor design that would use higher default contribution rates. Those are just a few of the changes defined. Benefit plans will also be a big focus this year. Maybe the biggest retirement news, last week’s budget bill, is that it creates a new House Senate committee charged with producing a plan to solve the multi-employer pension crisis by December. Many Democrats have signed onto the ideas I just mentioned earlier, but they’ve also been reluctant to help push them forward. Without action on multi-employer plans, so whatever this Joint Committee is able to do could help break the log jam and lead to action on single employer plans too bipartisan. House legislation, for example, would rollback single employer PBGC premiums. Our deep expertise, powerful insights, and real-world solutions help the people and organizations we serve take steps today to secure a better tomorrow. - - - - - - - Mercer Website: https://goo.gl/rPDhV8 Twitter: @mercer https://twitter.com/mercer Facebook: @MercerInsights https://www.facebook.com/MercerInsights/ YouTube: mercervideo https://youtube.com/mercervideo
Просмотров: 128 Mercer
How much to contribute to a 401k
Are you wondering how much to put in your 401k? What percentage should you invest from your salary? Should you try to max out your 401k? What are the contribution limits? We discuss the answers today. Subscribe at: https://goo.gl/AY48ik GET A FREE ANALYSIS Take control of your 401k in 5 minutes at: https://www.blooom.com FOLLOW US: • Facebook - https://www.facebook.com/BlooomInc/ • Instagram - https://www.instagram.com/blooom_inc/ • Twitter - https://twitter.com/BlooomInc/ • LinkedIn - https://www.linkedin.com/company/blooom/ For just $10 a month, blooom analyzes your existing 401k accounts and makes adjustments. Through our 401k management service, we can help you cut hidden investment fees, properly allocate your stock/bond mix and diversify your account in order to maximize your long-term retirement savings. As an SEC Registered Investment Advisor (aka a “robo-advisor”), blooom is an online 401k management app built exclusively for managing individual participant accounts at an employer sponsored retirement plan such as a 401k, 403b or TSP. Through the use of a secret algorithm of more than 100,000 data points, blooom identifies the optimum amount an account should invest in each aspect of their 401k plan.
Просмотров: 1249 blooom
ADP 401(k) Easy To Manage
In order to maintain a competitive edge and continue to bring in top talent, offering your employees a 401(k) plan is a terrific idea, but it’s also a commitment. The administrative tasks alone can eat up a lot of time. With ADP, you can offer a plan that limits your administration burden and provides the right support and information to your employees so they can feel confident they’re making the right decisions for retirement. ADP makes retirement plan administration easy. For more information on finding and ADP Retirement Plan Solution that’s right for your company, please visit www.adp.com/401k.
Просмотров: 209 ADP
Best Retirement Plans for the Self-Employed
For all the self-employed people out there, I'm with you. How can you save, plan for retirement and invest when you don't have the traditional corporate business structure? Here's my best plan of attack for making the best use of every dime.
Просмотров: 3096 Wealth Hacker - Jeff Rose
The PERFECT Retirement Plan
With a Roth you determine when you want to pay the taxes for what you put into the account. This is a benefit of the Roth that way too often gets overlooked. Remember, anything contributed to a Roth is with after-tax money. If you choose the Roth, you pay tax now. If you choose the Traditional you pay tax later. It’s up to you when you want to pay the tax. Let’s play out a scenario to see how this may work for you. Sarah and Dan just retired. Sarah is 62 and Dan 66. They are not taking Social Security yet just living off the savings they were able to squirrel away. They have no mortgage and they figure they spend about $50,000 a year total, on everything, vacations, bills, helping the kids out occasionally, etc. They have accumulated $300k in their 401ks and rolled those accounts to IRAs. They also have $150k in savings accounts. They wonder if they should start taking Social Security. NO! Absolutely not! Given they have no income other than minimal interest they’re making on their bank account they are paying NO TAX. They will continue to pay NO TAX until they reach 70.5 when RMDs kick in. They should take advantage of their $0 tax and start moving money over to a Roth, now! Any income they receive up to $25,300 is TAX FREE! ($12,000 is the Standard Deduction in 2018 for Sarah and $13,300 for Dan). Let’s say I am able to convince them to convert $50,000 this year. That $50,000 will be taxable as ordinary income. But with their $25,300 of standard deductions kicking in and the fact they have no other income their taxable income will be all of $24,700. They’ll pay only $2,583 in taxes this year. $2,583 in tax today is a tiny price to pay for all the benefits of the Roth IRA. Heck, I’d even advocate they convert a full $100,000. If they convert $100,000 in year 1, $100,000 in year 2 and the rest in year 3, they’ll have moved all their money from their to-be-taxed accounts to never-taxed-again accounts. In year 4, when they have exhausted their cash savings, then they both take Social Security. Dan will get his as a 69-year-old, meaning he’ll have nearly maximized his Delayed Earnings Credits (DEC) and will enjoy a significant bump in his benefit. Say Dan averaged $75,000 a year over his career. His Averaged Indexed Monthly Earnings (AIME) will be $6,250. This means his Primary Insurance Amount (PIA) will be $2,519 at his Full Retirement Age (FRA). If he waits to file for Social Security at 69 his Social Security benefit will be $3,173 a month because of the three years of Delayed Earnings Credits. If Sarah made the maximum under the Social Security rules at her FRA her benefit would be around $2800 a month. But because she is going to file at 65, a year before her FRA, her benefit will be reduced to $2,600 a month. Following this strategy, Dan and Sarah will receive nearly $70,000 a year in Social Security benefits, which will meet all their income needs and it will be TAX FREE. If they need to dip into their Roth IRAs to augment their Social Security income they can do so and will still pay no tax. It’s a beautiful thing to behold. Their primary source of income is Social Security which will be tax free augmented by tax-free Roth IRA distributions. Dan and Sarah have another 20-25 years ahead of them and they will NEVER pay income tax again. Let that sink in. Can that work for you too? Absolutely! Roth IRA + Social Security = An Amazing Benefit of the Tax Code The beauty of this retirement cannot be overstated. Yet, very few people take advantage. Why? They’ve been taught, incorrectly, to defer taxes as long as possible. I take issue with this philosophy. If you can pay a small amount of tax today to avoid huge taxes in the future, you absolutely should. ================================= If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the vide to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: https://www.youtube.com/channel/UCSEzy4i9xrKPoaU9z0_XbmA?sub_confirmation=1 Contact me: Josh@heritagewealthplanning.com GET MY BOOKS: Both are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It https://amzn.to/2LHwQpt Strategic Money Planning: 8 Easy Ways To Put Your House In Order https://amzn.to/2wKGi50 GET ALL MY LATEST BLOGPOSTS: http://heritagewealthplanning.com/blog/ PODCAST: https://itunes.apple.com/us/podcast/josh-scandlen-podcast/id1368065459?mt=2 http://heritagewealthplanning.com/category/podcasts/ LET'S SOCIALIZE! Facebook: http://Facebook.com/heritagewealthplanning Linkedin: https://www.linkedin.com/in/joshscandlen/ Quora: https://www.quora.com/profile/Josh-Scandlen Google +: https://plus.google.com/u/1/108893802372783791910
Просмотров: 2879 Heritage Wealth Planning
7 Key Benefits to a Health Savings Account
Start saving money by investing in your own health care and harnessing the power of a Health Savings Accounts before it's too late.
Просмотров: 24420 Entrepreneur
2017 retirement deduction
Просмотров: 5396 Unisa Taxation
How are tax-free savings accounts different from registered retirement savings plans? James Fitz-Morris explains your options. »»» Subscribe to CBC News to watch more videos: https://www.youtube.com/user/cbcnews?sub_confirmation=1 Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: http://www.cbcnews.ca Find CBC News on Facebook: https://www.facebook.com/cbcnews Follow CBC News on Twitter: https://twitter.com/cbcnews For breaking news on Twitter: https://twitter.com/CBCAlerts Follow CBC News on Google+: https://plus.google.com/+CBCNews/posts Follow CBC News on Instagram: http://instagram.com/cbcnews Follow CBC News on Pinterest: https://www.pinterest.com/cbcnews// Follow CBC News on Tumblr: http://cbcnews.tumblr.com »»»»»»»»»»»»»»»»»» For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.
Просмотров: 23290 CBC News
Retirement Planning | Plan Combination | LIC Retirement Pension Plan with Tax benefit | Tax Free
Leader app link to generate PDF for Plan combination - https://play.google.com/store/apps/details?id=com.lic.LICleader1 Here you will get latest Information Related To Insurance , Investments , Mutual funds, saving accounts, current accounts, stock markets, Insurance Advise and also latest updates about financial news etc. ---------------------------------------------------------------------- Also Support On - Subscribe Here :- https://goo.gl/Nj3Yhk Website :- https://goo.gl/k2cCbd Facebook Page :- https://goo.gl/gyt2n5 Google Plus :- https://goo.gl/FjvHMR Facebook Myself:- https://goo.gl/vBCnWx Instagram :- https://goo.gl/9pSPD2 Linkedin :- https://goo.gl/yHeoMA Twitter :- https://goo.gl/svbqvK New Channel - https://goo.gl/f4NKdn Paypal :- akgargofficial@gmail.com ------------------------------------------------------------------- ----------------Videos Playlists-------------------------- Investment Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1XhJaJ27fw_ZG-BZ1Ihaqw ____________________________________ LIC Insurance Plans Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2R7KG_zq7JW6DoJ9VM9-aI ____________________________________ Mutual Fund Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2iTDuu55hSNTrSD1k8Bjit ____________________________________ Children Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1HAVzlC785IyS0BkRKmtVa ____________________________________ Pension Plans - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NqCIuut7XOpSfmMSOiZhp ____________________________________ Term Insurance Plans - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0CrfpuNGkHgdGmm8lXuChB ____________________________________ Plan Combinations - 👇https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo1luKvet-BugOc7wwjiboFk ____________________________________ Money Back Plans -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0NpGKeYfPbjdvlw9f__wwf ____________________________________ Star Health Insurance Videos (Medi Claim) - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2f0hmhCYaXDr9aJUacdPEj ____________________________________ Online Facilities Videos - 👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo2bUGPdpTke0HMwAfjpbs7G ____________________________________ Check My all YouTube Videos - 👇 https://www.youtube.com/channel/UCk0jZcRvAxV7NaKodQzjGIg ____________________________________ Important Updates -👇 https://www.youtube.com/playlist?list=PLRWUYJ5ZrQo0l7Lh_NUflQ4zlqEEVsTg- ------------------------------------------------------------- ------------------------OFFERS------------------------ Best Deals on Amazon - http://amzn.to/2D34pdw Best Deals on Flipkart - http://fkrt.it/BADsdTuuuN ------------------------------------------------------------- My Gears- Mic - http://amzn.to/2zUMeFs Camera - http://amzn.to/2EgORDS Writing Pad -http://amzn.to/2DJJktc Laptop - http://amzn.to/2trtNJP Tripod - http://amzn.to/2Iad5C6 ------------------------------------------------------------- ------------------------------------------------------------- For Business Related - (Sponsorships - Collaboration) E-Mail @ akgargofficial@gmail.com
Просмотров: 29743 Unlimited Gyan
Having an Employer-Sponsored 401k and a Solo 401k
http://www.sensefinancial.com Can you have a self-directed Solo 401k while working full time and contributing to an employer-sponsored 401k? Find out in this Solo 401k Quick Tip video! To learn more please visit our website or contact (949) 228-9394. You can work full time and receive benefits from an employer, while doing freelancing jobs or starting your own side-business. Therefore, it is possible to contribute to both an employer-sponsored 401k and a Solo401k at the same time. Keep in mind that the salary deferral contribution limit is per person, not per plan. This means if you have reached the maximum limit of salary deferral with your employer-401k, then you will not be able to contribute any more as salary deferral to your Solo401k plan.
Просмотров: 346 SenseFinancial.com
403b Retirement Savings Plan
http://ed4ed.org breaks down 403b retirement plan into an easy to understand video. Watch this video to learn about 7 important benefits 403b plans provide. Some of the many benefits offered by this type of retirement plan includes: Tax Deductible Contributions - Not only are you able to contribute your pre-taxed income, but you can also deduct contributions from your federal tax payment. Multiple Investment Options - Choose a provider you are most comfortable with to administer your plan. Taxes Paid When Money is Withdrawn - You will not have to pay taxes until you withdraw the money at a later date. Roth Options - Some employers will allow Roth contributions to 403b plans. Savings Grow Tax Free - No taxes on interest AND no capital gains. Loans Could Be Taken Against Plan - Some plans may allow you to barrow from you plan. Details regarding consequences can vary. Contribution Limits Higher Than IRA Plans Find additional tips at http://ed4ed.org/403b-457-plans/what-is-a-403b-plan https://www.facebook.com/ed4ed.org/?ref=hl https://www.facebook.com/403btsa/?ref=hl
Просмотров: 377 Ed4Ed.org
Roth IRA - Convert or Contribute?
http://www.bangor.com (877) 226-4671 Roth IRAs are funded with money that you’ve already paid tax on, and then they grow tax-free. This is different than traditional pre-tax funded retirement accounts. Roth IRAs offer many advantages that other traditional retirement accounts don’t. First, you can withdraw your money tax-free during retirement, which allows you to manage your taxable income. And second, with no annual distribution rules, you’re free to take your money out only when you want to. There are two ways to put your funds into a Roth IRA; through contributions and conversions. Contribution rules include contribution limits. For several years the annual limits have remained at five thousand five hundred dollars, or six thousand five hundred dollars if you’re over 50. And to contribute money to a Roth IRA, you must earn compensation, or income, but remain below IRS mandated income levels. High earners can’t contribute. Conversions have very few limitations. Anyone can convert an account such as an IRA, 401(k) or SEP IRA into a Roth IRA. You don’t need to have income, but if you do, there’s no income limit and there are no restrictions on the size of the conversion. You can convert one million dollars if you like! You will, however, owe income tax on any amount that you convert, so conversions should be scheduled when your tax rate is lowest. To learn more about Roth conversions and contributions, give us a call today. https://youtu.be/s4RDBlnfkjg?list=PL8sOtuyIIqpzaiSvTytNrjk4QbPJRhSYy
Просмотров: 32 Bangor Savings Bank
IRAs in 2014: 4 Facts You Should Know
New Year's is a great time to think about making positive changes for your financial life in 2014, and taking a look at IRAs in 2014 is definitely one great way to take a step forward. But many people don't know the basics of IRAs. In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at four key facts you should know about IRAs. Dan notes that you can still make an IRA contribution for 2013 as long as you get it done by April 15. Moreover, the amount you can contribute remains the same in 2014, with those under 50 able to put $5,500 in an IRA and those 50 or older getting a higher $6,500 limit. Dan then discusses the tax benefits of IRAs, noting that some people with high incomes and retirement plans available at work aren't allowed to deduct their IRA contributions. Dan concludes by discussing the true value of IRAs, noting that the tax deferral lets you rebalance core-portfolio holdings like Vanguard Total Stock (NYSEMKT: VTI) and iShares Russell 2000 (NYSEMKT: IWM) without suffering tax consequences. He also talks about how owning Netflix (NASDAQ: NFLX), Celgene (NASDAQ: CELG), and other high-growth stocks in an IRA gives you more flexibility to consider options without worrying about taxes. Investing made simple: The Motley Fool's essential guide to investing is now available to the public, free of cost, at http://bit.ly/1atRpHZ. This resource was designed to cover everything that new investors need to know to get started today. For your free copy, just click the link above. Visit us on the web at http://www.fool.com, home to the world's greatest investing community! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Просмотров: 1580 The Motley Fool
Should I Invest in an IRA or 401(k)?
http://www.bangor.com (877) 226-4671 Many people are unsure about the differences between a traditional IRA and a 401(k). Both have accounts that provide tax-deferred growth on the money in the account. Withdrawals from the accounts are taxed at ordinary income tax rates. But IRAs and 401(k)s differ in terms of eligibility, contribution limits and how you can access your funds. A 401(k) is an employer-sponsored plan offered only to employees. An IRA is an individual retirement account and can be set up by anyone. You can contribute more to a 401(k) each year than you can to an IRA; the same applies to the ͞catch up͟ provisions for those over 50 - you can add more to a 401(k) than to an IRA. 401(k)s can provide loan provisions, but IRAs cannot. You can’t contribute more than you earn with either an IRA or a 401(k) account, but must refer to the annual IRS publication to determine the maximum contribution amounts for both. For more information on choosing retirement plans for your financial situation, please give us a call today or visit our website. https://youtu.be/xLGFq5SBPw8?list=PL8sOtuyIIqpzaiSvTytNrjk4QbPJRhSYy
Просмотров: 48 Bangor Savings Bank
Can You Have a Roth IRA and Roth 401k at the Same Time?
Is it possible to have a Roth IRA and a Roth 401k at the same time? It sure is. Here's how: http://www.goodfinancialcents.com/can-you-have-a-roth-401k-and-roth-ira-at-the-same-time/
Просмотров: 10461 Wealth Hacker - Jeff Rose
Is There a Maximum Number of IRAs You Can Have?
Worried about how many different retirement accounts you have? Find out what the best number is for you and whether you need to consider any rules and regulations covering IRAs. This podcast was recorded on Jun. 6, 2016. Imagine owning Amazon.com (up over an insane 4,000% since 2001) when Internet sales rendered big-box retailers obsolete... Now an industry 99% of us use daily is set to implode... And 3 established companies are positioned to take advantage. Click http://bit.ly/1zQXjzy for a stunning presentation. ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Or, follow our Google+ page: https://plus.google.com/+MotleyFool/posts Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Просмотров: 1339 The Motley Fool
Roth IRA Rules (GoodFinancialCents.com)
http://www.goodfinancialcents.com/scottrade-account When you're at the point in your life where you are adding to your Roth IRA in order to help plan for a stable and enjoyable retirement, it makes sense to have all of the current information regarding the current IRS regulations concerning the Roth. Plus, you want to have a grasp of the current IRA rules for a given year. At this point, people are looking forward to 2011. In some cases, you might have taken the maximum contribution amount into your Roth for 2010 and you're thinking about saving for next year's contribution. Perhaps, you've got your eye on the tax season. No matter what, you want to know enough before you start making decisions about your IRA. As has been expected are some differences in the rules from the previous year. The IRS has revealed it current Roth IRA rules. This data was based on a variety of factors and figures including inflation statistics to come up with new limits for the contributions.
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BawldGuy Friends: John Park 401k and Contribution Limits
RA contribution limits are so often a subject rife with inaccurate info. John Park explains 401Ks are superior, and why he calls IRAs the ugly sister.
Просмотров: 11 BawldGuy Investing
Roth IRA Millionaire 💸😎: How to Get Tax-Free Money Explained (2018)
Who wants to become a Roth IRA millionaire???? If you hate paying taxes, then this video is for YOU! What’s better than being a millionaire? Paying a big fat ZERO 🚫 on the taxes of that million dollars. 💰 Reality check: Taxes are not fun ❌❌❌! Does anybody like paying taxes? #Nope So how can you get tax free money? I’m breaking it all down for you here in this video. Once the Roth IRA is explained to you, you'll be kicking yourself that you haven't started sooner. ➡➡➡And if you haven't opened a Roth IRA yet, here are some of my favorite online brokers to check out: ⬅⬅⬅ ✅ Betterment - Best company if you don't want to choose the investments. They do all the pickin' for you! https://www.goodfinancialcents.com/resources/betterment-youtube-roth-ira-millionaire.php 🆓💲5️⃣ Stash - Stash only requires $15 to open a Roth IRA. Best part, you get $5 for opening an account. #boom https://www.goodfinancialcents.com/stash These options let you pick the stocks, ETF's or mutual funds YOU want to buy. If you want more control ✊🏼 then these are the ones to pick: ✅ Ally Financial https://www.goodfinancialcents.com/resources/ally-youtube-roth-ira-milionaire.php ✅ TD Ameritrade https://www.goodfinancialcents.com/resources/tdameritrade-youtube-roth-ira-millionaire.php ✅ Etrade https://www.goodfinancialcents.com/resources/etrade-youtube-roth-ira-millionaire.php Don't want to mess with the stock market? Then take a look at Peer to Peer Lending giant Lending Club: ✅ Lending Club https://www.goodfinancialcents.com/resources/lendingclub-youtube-roth-ira-millionaire.php Here’s what you’ll learn in this new video: ▶︎ What kind of IRA can help you with taxes and actually SAVE you money. ▶︎ Meet your new BFF: Compound Interest. ▶︎ How much money can you put into a Roth IRA each year and avoid the taxes? ▶︎ What you can do if you don’t have a ton of money to get started investing. ▶︎ Where can you go to open a Roth IRA? I’ve got a few suggestions! The Roth IRA is one of if not the BEST investment tool for investors. But so many people don't take advantage of it - which drives me bonkers!! Some quick fun facts about the Roth IRA explained: ▶︎In 2018, you're allowed to put in $5,500 per year. That's $458.33 per month or $15.27 per day. ▶︎The money you put in (your contributions) are able to be withdrawn at any time (because it's after-tax contributions). Because of this I like to think as the Roth IRA as a savings account on steroids. ▶︎You can put almost anything inside the Roth IRA. This includes individual stocks, ETF's, mutual funds, peer to peer lending. ▶︎You can use it to pay for college or your 1st purchase of a new home without paying taxes or penalty. Now do you see why I love the Roth IRA? 😃 ★☆★Resources Mentioned in Roth IRA Explained Video:★☆★ ✅ Betterment https://www.goodfinancialcents.com/resources/betterment-youtube-roth-ira-millionaire.php ✅ Ally https://www.goodfinancialcents.com/resources/ally-youtube-roth-ira-milionaire.php ✅ TD https://www.goodfinancialcents.com/resources/tdameritrade-youtube-roth-ira-millionaire.php ✅ Lending Club https://www.goodfinancialcents.com/resources/lendingclub-youtube-roth-ira-millionaire.php ✅ Etrade https://www.goodfinancialcents.com/resources/etrade-youtube-roth-ira-millionaire.php 🆓💲5️⃣ Stash - Stash only requires $15 to open a Roth IRA. Best part, you get $5 for opening an account. #boom https://www.goodfinancialcents.com/stash Read more about how awesome the Roth IRA is on my blog: https://www.goodfinancialcents.com/roth-ira-rules-contribution-limits/ Here's a more comprehensive list of all the Roth IRA options: https://www.goodfinancialcents.com/best-places-to-open-a-roth-ira/ ★☆★ Want More Good Financial Cents? ★☆★ 💻 Check out my blog here: https://www.goodfinancialcents.com/ Listen to my podcast here: 🎙 https://itunes.apple.com/us/podcast/good-financial-cents-podcast-investing-building-wealth/id775107294?mt=2 Pick up my best selling book, Soldier of Finance, here: 📗 http://amzn.to/2xOH78V Connect with me on Twitter: https://twitter.com/jjeffrose My most favorite inspiration T-shirt line, Compete Every Day: 👕 https://www.goodfinancialcents.com/compete
Просмотров: 37596 Wealth Hacker - Jeff Rose
What to do with your 401(k) or 403(b) if you leave your job
Why is it so important to roll your 401(k) or 403(b) to an IRA when you leave your employer? The primary benefit of the IRA, over the 401(k), 403(b) or SIMPLE, is that you have more investment alternatives in an IRA. In a 401(k), unless you are lucky enough to have a self-directed brokerage window, you are probably limited to the mutual funds offered by your plan administrator. In an IRA, you can buy and sell the entire universe of investment alternatives - including all stocks, bonds, mutual funds, options, real estate, and even privately held companies. While that is the most important reason to roll your 401(k) over into an IRA when you leave, there are others. If invested properly, your fees will probably be lower in an IRA than a 401(k). Fees are very important for three reasons: 1) reducing fees is risk free return - it may be the only free lunch in investing; 2) reducing fees leaves more money in your pocket to compound over time; and 3) studies show the one thing most correlated with performance, over time, is not the fund manager, the sector, the asset class or the historical performance, but low fees. As a general rule, fees are inversely correlated to portfolio performance - the higher the fees, the worse the performance. The lower the fees, the better the performance - which is, of course, a very practical reason why you should learn to be your own money manager. (NOTE: Snider Advisors offers a free online course, called "How to Turn Your 401(k) Into a Million Dollar Nestegg." The nine part course is designed to arm you with the knowledge and step-by-step instructions needed to make the most out of your employer-sponsored defined contribution plan. The goal is to give your plan the highest probability, while you have it, of someday being able to produce sufficient income for you to live comfortably in retirement.) Another reason to move from a 401(k) to IRA, is easier access to your money, although I'm not sure this is such a good thing. If you want to rob your retirement account, you don't have to ask for permission, nor is there any bureaucratic paperwork. You have a thousand miles of rope to hang yourself with. There are estate planning benefits as well. While the rules have changed in recent years, allowing 401(k) plans to be stretched by your beneficiaries, it is still up to each individual plan sponsor to write that into the plan document. Some have and some haven't. An IRA custodian that doesn't allow for a stretch after your death is, in my experience, rare. Finally, you can split IRAs between multiple beneficiaries and IRAs are easier to allocate when you have non-spousal heirs. A transfer of your 401(k), 403(b) or SIMPLE to an IRA is a non-taxable event, so long as you do it properly. There should be no taxes, fees, or penalties. While you are employed, you have to max out your employer sponsored retirement plan if you can. At a minimum, you should contribute enough to get the full employer match, if there is one. But if there is a silver lining to losing your job, being able to self-direct your retirement funds is one. Bottom line: Whenever you leave an employer - either voluntarily or not - get that money rolled over to an IRA as soon as you can. Never leave your 401(k) with your old employer, and even worse, never ever roll your old 401(k) money into your new employer's plan, when you are lucky enough to find a new job
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Solo 401k Pension Plan, What is 401 K Solo,
http://www.sensefinancial.com/ Compare Self-Directed Individual 401k offered by Sense Financial with John Hancock 401k. This plan is also better than self directed IRA because of the benefits that it offers to those who are self-employed. Have SEP IRA? This 401k Plan Solo is better than Hartford retirement Plan or jp morgan retirement and nationwide 401k. New York life 401k does not offer the same advantages. Maximum 401k contribution contributions are allowed with Self-Directed Solo 401k Plan from Sense Financial. Contact us today for a free consultation: (949) 228-9394
Просмотров: 192 SenseFinancial.com
Investment Finance Tips : How to Combine Retirement Accounts
It is possible to combine IRA accounts and pension plans with a few simple steps. Combine retirement accounts when possible, and make good financial decisions with tips and advice from an experienced financial adviser in this free video. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Просмотров: 321 eHow
BawldGuy Friends: John Park Explains IRA Contribution Limits
IRA contribution limits are so often a subject rife with inaccurate info. John Park explains 401Ks are superior, and why he calls IRAs the ugly sister.
Просмотров: 5 BawldGuy Investing
Small Business 401K Plans
As a FrankCrum client, you can offer a 401K program to your employees through our multiple employer plan. The plan is customizable for you and your employees. Plus, you can adopt a plan with or without company matching and get plan design consulting, set up and full administration - all free for FrankCrum clients. http://www.frankcrum.com/services/employee-benefits/401k-retirement-plans-for-small-businesses/
Просмотров: 437 FrankCrum
Retirement Fund Contributions & Tax:
When you contribute to retirement fund you get tax breaks which reduce your income tax. In this video blog Paul Leonard CFP® explains how this works using easy to understand language and illustrations.
Просмотров: 132 FPI RSA
Convert Retirement Planning’s "aha!" Moments into Opportunities - Right on the Money - Part 2 of 5
Sub Headline: Retirees are often surprised by retirement’s realities and remedies Synopsis: Effective retirement planning can begin in your early 40s by phasing in the impact of taxes that will ultimately come due. Workers who’ve accumulated pensions and are unfamiliar with annuities are often surprised to learn that their pension is likely based on the structure of an annuity. Whole-life insurance purchased for income purposes can provide tax-free distributions via policy loans (as long as the policy is kept in force for the life of the insured.) Watch the interview with retirement specialist John Shedenhelm. Content: Just when pre-retirees are ready to dial things down and enjoy the fruits of their labor, they often come to realize that taxes, which they thought would soon be a lesser expense in retirement, may actually be greater. The reason? Instead of having one or two primary sources of income from their active careers, couples often receive income from a several IRAs, separate pensions and 401(k) plans, in addition to Social Security. Though taxes are generally deferred through the accumulation phase, those obligations ultimately come due at distribution. Retirement planning specialists advocate methods that can shift the assets over time to reduce tax liabilities, and then re-purpose the funds into tax-free income products if the math makes sense. Many retirement account owners are surprised to learn about tax treatments that precede retirement. As early as age 59 1/2, owners can move money from qualified accounts into alternative investments, having bitten the tax bullet early. Again, if it makes math sense. This can be staged over multiple years to spread the tax hit, and this ultimately can reduce the amount of required minimum distribution (RMD) that begins at age 70½. On a side note, while many savers are familiar with the penalties on taxable distributions before age 59 ½, they’re shocked to learn that not taking mandatory RMDs can trigger a 50% penalty tax on the undistributed amount. Also generally new to account owners is guaranteed lifetime income without risk that can result from allocations to qualifying insurance policies and annuities. Deferred index annuities can provide account growth during up markets and are without risk of loss due to performance in down markets. But keep in mind that policies have expense that could generate a negative return. While this may be their first exposure to annuities, many investors who are pension holders don’t realize that their pensions are priced similarly of that of an annuity. In short, one need not be retired to manage retirement taxes. Through these and other tactics, retirees can take charge of their assets early and avoid market surprises that may not experience a timely recovery. Syndicated financial columnist Steve Savant interviews top retirement specialists in their field of expertise. In this segment we’re talking to retirement specialist John Shedenhelm. Right in the Money is a financial talk show distributed in daily video press releases to over 280 media outlets and social media networks. (www.rightonthemoneyshow.com) https://youtu.be/YlTbdcIXMJc
Просмотров: 1036 Right On The Money Show
A Roth IRA, a traditional IRA, or both?
Both Roth IRAs and traditional IRAs are powerful tax-advantaged retirement savings accounts. Here are some factors to consider when choosing which one is right for you. Important information For more information about Vanguard funds, visit https://vgi.vg/2At587h 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.
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Dumping Debt Fridays | Financial Q&A's | Should I contribute to my 401k?
Should I contribute to my 401k? Leave your financial and personal questions below for future Dumping Debt Friday videos!! Questions asked: Jennifer Logan-Lorenz I know retirement is farther down on Dave's steps, but you should consider contributing something -especially if your employer matches a small percentage. That is free money! Claim it. Also with compound interest it works more in your favor to contribute small amounts now rather than trying to make up for lost time with bigger payments. Woodsmith Treasures I just started watching your channel and am wanting to get out of debt. I have a car loan, credit cards and student loans. What should I do now? Earn $25 by signing up for Capital One 360: https://r.capitalone360.com/jivLDNVfSk Snail Mail: Kelly - Freedom In A Budget PO Box 123 Deerfield Beach, FL 33443 Products and services I love and recommend: Capital One 360: https://r.capitalone360.com/jivLDNVfSk Ebates: https://www.ebates.com/r/KAS417?eeid=28187 Ibotta: https://ibotta.com/r/suwetiv Amazon Prime 30-Day Free Trial: https://www.amazon.com/tryprimefree?ref_=assoc_tag_ph_1427739975520&_encoding=UTF8&camp=1789&creative=9325&linkCode=pf4&tag=freedominabud-20&linkId=7366717a11f31b6e8fb10318914845eb SavvyCents Wallet: http://amzn.to/2dImsdt Email: freedominabudget@gmail.com Facebook: facebook.com/freedominabudget Instagram: @freedominabudget Twitter: @FreedomInABdgt Pinterest: @FreedomInABdgt I feel so blessed to share with you all here on YouTube. This video may contain links to affiliate programs. If you click on the link and make a purchase I will receive a small percentage of that sale at NO extra charge to you. However, you are under no obligation to buy anything I ever mention in a video. Sometimes I am lucky enough to have products sent to me for review. If I partner with a company I will always disclose it here. All opinions and reviews that I share are and always will be my own I will only share products that I myself would buy. Thank you for watching! Freedom In A Budget
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How to Build a Pension Pot with Company Contributions.
I just come back from a tax conference in one session was all about pensions there were some interesting points made, and so I thought I would share some of these with you. I don't have time to go into the subject in a lot of detail, so I have just picked out some interesting morsels. My aim is to encourage you to go and speak to your IFA, and they can advise you on the Investment strategy the best suits your circumstances. Right at the outset, I am going to say that I'm not giving investment advice I'm not actually allowed to that's for your IFA what I will do today is to highlight just some of the advantages of building a pension pot and just some of the tax aspects that you might like to consider. We have been recommending pensions for a while and in particular employer contributions as a way of extracting money from your company in a tax efficient manner. Employee contributions are limited to earnings and are not as national insurance efficient. Employer contributions just have to take account of the annual limit currently £40,000 and the 1 million pound lifetime fund limit. I was dropping here that employer contributions to your pension do not count for the child benefit tax charge. You're probably aware that frog 55 you can take a 25% tax-free lump sum from your pension pot. There's a lot of flexibility these days in how you treat the balance. Best speak to your IFA. What I will say though that in these days social care planning and uncrystallised pension pot does not count in the assessment for social care. So what happens when you die that used to be in your pension died with you. That is not always the case. Check out the video, or give us a call. I thought I would cover a few tax planning ideas for you in respect of your pension contributions. Consider putting Farmland into a Sipp if any if the land is sold for development the game is tax-free because it's sitting in your pension. What about setting up multiple funds, remember there is no minimum age to start a pension use the only one lifetime allowances for your spouse and children Think about taking money out if your ISA and putting it into a pension and get tax relief at your top rate of tax. Remember pensions are sheltered from IHT. Whereas an ISA is not. Also in retirement, you should perhaps consider spending ISA. If you're getting close to retirement, consider overdrawing your director's loan accounts. The Company will pay tax on this but it will get it back, you will pay some income tax as a benefit in kind, but it's very small. As you repay the loan from your 25% tax-free lump sum from your pension. As I said at the start my own today is just to get you to look at pensions in a new light, and particularly if you have your own family company, however, it is essential that you speak to your IFA who can give you targeted advice on what is right for you. I am Alan long for the long partnership making life that's taxing
Просмотров: 80 The Long Partnership
How to invest in the stock market?  | Money and Marriage
The benefit of investing as a couple is of course the ability to duplicate your efforts and double your contribution limits. The challenge is accounting for in most cases 2 different Risk Tolerance Levels. However, these little differences can be used as a big advantage to mirror the two accounts against each other where individually they do not pass the test for a well diversified portfolio but together they compliment each other perfectly to provide the couple a long standing foundation for growth and acknowledgement of each others individual investment goals. Please Enjoy! Compounding interest calculator and fee comparison tool: http://www.tradingacademy.com/resources/calculators/compare-investment-fees.aspx ----The following equipment was used to produce this video---- Camera: http://amzn.to/2r4PWKX (Hero 4)(Old videos) Camera: http://amzn.to/2sc4Alk (Hero 5)(New videos) Tripod: http://amzn.to/2sceOlG Lighting: http://amzn.to/2rxXE1G Desk: http://amzn.to/2sc0s4K Microphone: http://amzn.to/2sLGTgz Citizen Watch: http://amzn.to/2s5LAny DISCLAIMER: This video and description contains affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! DISCLAIMER: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view here. One singular mission: Share with every viewer the best kept secret in the Financial Wold! It's a secret that money managers don't want you to know about. Here it is: You can own/trade individual stocks, etf's, own index funds and limited partnerships or bond funds all within your roth ira account! The secret is in the type of account you need to start. The self managed account. You will not hear this from your financial planner. This relatively new service is available to anyone who opts to take charge of their own financial future and can do so by starting a self-managed Roth IRA. Any roth account will provide tax shelter and allow for contributions and earnings to be withdrawn at age 59.5 years old. However, only a self-managed account can maximize profits through wealth preservation by eliminating fees charged to traditional investment accounts. Cumulative growth, dividend re-investment and compounding interest can all work to maximum potential for you free of the damaging effect of fees from traditional managed account types. It's an exciting time to be an independent investor. Accelerate your returns by building a passive or active portfolio using my 22 years of experience and foundational approaches that are easy to understand and take little to no experience. Just a little initiative will result in stepping into a whole new world of accelerated profits and financial security for you, and your family. No too accounts are the same. Investment tolerances differ. That makes it even more important for you to pay attention to and learn some of the basic terminology, potentials, account types and use them to align your specific financial plan with your financial future. See what it's like to become an Independent Investor. It may be the most financially liberating move you could ever make in your life!
Просмотров: 638 Independent Investor
Finance & Investment Tips : What Are Allowable IRA Contributions?
When contributing to an IRA, the general rule is the more money a person makes the more they can financially contribute without government tax repercussions. Invest in an IRA as a solid tax strategy and to save for retirement with tips from a registered financial consultant in this free video on finance and investment. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Просмотров: 128 eHow
BawldGuy Friends: John Park on Multiple 401k Plans
Multiple 401k plans are indeed possible for many of us. Not only that, but we're allowed to do whatever is allowed with all of 'em, even simultaneously.
Просмотров: 8 BawldGuy Investing
Keys to Investing in Retirement | S. 2 Episode 31
There’s over $24 trillion of retirement assets sitting in retirement accounts, waiting to get tapped to create income (Source: Investment Company Institute). These accounts, however, are taxed at ordinary income, the highest of tax rates. How should you invest these assets and what should the allocation look like? This episode of “Your Money, Your Wealth” is about putting a plan in place when it comes to your investment strategies in retirement. Find out if you have enough to retire and how to set up a growth plan for your net worth. A successful retirement starts with a plan—tune in to start yours today. 1:48 “Figure out what your target is; what are you trying to accomplish? What kind of lifestyle do you want to live? Know what you’re shooting for” 2:24 “Did you know that over 90% of your rate of return has everything to do with what assets you have in your portfolio, not the stocks that you pick? 5:47 “All of those [retirement] assets are taxed at the highest of rates: ordinary income. The bulk of the savings are in those retirement accounts” 7:47 “Did you know (according to the Federal Reserve Bank) the national savings rate hovers around 5%?” 10:40 “To catch up, make the most of your multiple accounts; if your employer matches your contributions, try to max out the contributions and take advantage of catch-up contributions” 11:14 “The implementation of any idea is really where the rubber meets the road, but if you don’t have somebody there kind of coaching you a little bit as you go along and keeping the end goal in mind, sometimes it’s easy for us to sway and get short-term in our thinking” 12:58 “If I’m trying to get the highest return possible, I’m taking the most risk possible” 14:30 “Most of us need to be invested in stocks and bonds” 15:16 “Unfortunately, the financial services industry is not very transparent; you don’t necessarily understand what you’re paying” 17:47 “You want to look at the fees, the costs and what you’re really getting inside those annuity contracts” 19:32 “If you take a look at the academic studies, your asset allocation could be the most important component of your overall investment strategy; you want to make sure you have a solid game plan when it comes to creating retirement income” 22:19 “One of the biggest mistakes people make in retirement is that they’re still funding their kids” 24:17 “Here’s the caveat when it comes to inherited retirement accounts: you will have to take a required distribution based on your life expectancy” Aired 8/8/15 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-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: 1589 Pure Financial Advisors, Inc.