Do THIS Instead of Roth Conversions

[@g.ajemian4968]

You gotta slow it down a little bit do you know what you’re talking about but we’re trying to learn and when you ramble on so quickly it makes it difficult to follow. Thanks for putting the effort in.

[@barbaraguntfat3047]

In playback mode, slow the speed to .75 or .50, and turn on closed caption (cc). It's great for non-speed listeners/readers because you get better comprehension, understanding, and memory retention. It's great for note taking during and/or after academic lectures also. This is especially important for video learning because of covid. With these techniques you should be ahead of non-users with smart video taping of classroom lectures. In playback mode, slow the speed to .75 or .50, and turn on closed caption (cc). It's great for non-speed listeners/readers because you get better comprehension, understanding, and memory retention. It's great for note taking during and/or after academic lectures also. This is especially important for video learning because of covid. With these techniques you should be ahead of non-users with smart video taping of classroom lectures.

[@devilmonkey427]

Cocaine is a hell of a drug.

[@VideoRansack]

Dissing on KH while blindly following someone who doesn't know the difference between the trade deficit and the budget deficit.

[@connorrampage7817]

Cut back on the theactrics and this would be easier to understand

[@wdeemarwdeemar8739]

He has ADD and was in the army infantry so he probably got dame brandage.

[@Crowns57854]

Easy to just move on, snd yes Kamala is not bright

[@519stream3]

I didn't understand a damn thing he said but kept laughing. 😂😂😂😂

[@markkrull556]

Instead of just getting on with financial advice, he has to take some cheap shots. If somebody bust on Trump, you’d probably be butt hurt.

[@johngarceau541]

Trump2024

[@familyguy807]

Getting political is a bad idea

[@HeritageWealthPlanning]

Because taxes aren’t political, amirite?

[@familyguy807]

@@HeritageWealthPlanning I'm simply thinking that when you get into politics you automatically piss off 50% of the people no matter what side you are on. - On an unrelated note if I may. For someone who is 69 and not going to collect social security until 70, would a 50k Roth conversion raise the amount you are paying into Medicare?

[@jdthompson5778]

I agree 100% with this approach. I retired at 56 with about 65% of my money in pre-tax accounts and the rest in Roth, HSA, and virtually tax-free accounts. It has been my strategy and will continue to be - at least until I start collecting SS probably in 7 years. In 3.5 years of retirement, I’ve already shifted my pre-tax accounts down to almost only 50% using this method. Despite 3.5 years of withdrawals, I actually have about a 10-12% higher overall balance in my accounts than when I first retired. This is despite a horrible March 2020 & 2022.. .and I have at least 7 years of this to go. Hopefully by then I’ll have only about a third of my money in pre-tax accounts which will make for very reasonable RMDs at age 75 from a tax perspective.

[@chrisszymanski5225]

Just because you cash out some ira money doesn't mean it gets spent that year, unneeded leftovers can sit and grow in a brokerage account

[@davidwarnke5990]

Why take out ‘more’ than you need anyway?

[@conureron3792]

IRS makes you take out a progressively higher %’s from your IRA after 72, that Required Minimum Distribution may be more than you need .

[@1Mannco]

@@conureron3792 Right, and it's 73 y.o. if you turn 73 after 12/31/22

[@f430ferrari5]

@@davidwarnke5990you take out more than you need because one can take advantage of a certain low tax bracket like 12%. Ideally one would only need let’s say 60k to live on. Why only take out 60k when there is around an extra 50k there at the 12%. Assume MFJ and 28k or so for Standard Deduction. That extra 50k can be taken out or converted into Roth. One should also have already set monies aside to pay for taxes. Never take out more than 12% for most. Josh didn’t do the right thing IMO. He won’t even be able to use the standard deduction. It’s free money. One can basically take out 28k a year tax free or at least that portion. The next 30k is at 10%. This is with the current tax law though. Who would have known this. After 2026, this may change but the 15% bracket will most likely be there and it will be at a higher income level range. Roth is meant to start when early and when in the low tax bracket like now. For high income folks they have to strategize and save then do back door if over the income limit.

[@chrisforker7487]

@@davidwarnke5990to maximize your tax bracket.

[@travisadams4470]

I have no idea what Josh said. I have a difficult time following him. Can someone sum up what he said?

[@youarehere1251]

Change the playback speed to 0.75 @ setting

[@Crowns57854]

Remedial school is available for adults travis. Usually free

[@ducatiduke]

This is higher level financial planning to minimize tax exposure. If you honestly do not follow it, I would suggest seeking out and watching more videos discussing these topics. If it does not make sense after, just save yourself the hassle and just hire him or someone else to give you some options. I hope this comes off correctly because this is not meant to be derogatory

[@familyguy807]

Instead of doing Roth conversions just withdraw the money from your traditional IRA to live on. Either way you will be taxed on the money but if you convert you will need other money to live on.

[@dforrest4503]

My goal is to not ever pay above 15% tax, either from income tax, capital gains, or dividends. That’s based on the current tax code.

[@headlibrarian1996]

Easy if you’re married, nearly impossible if you’re single because of how low the 22% bracket falls. Even harder if you’re single and the old tax brackets come back.

[@DavidFarley-ex6wr]

I told my kids, if you’re paying attention you can learn something from almost anyone who speaks, even “ crazy uncle Bill” Definitely use taxable monies first, let already taxed money grow. Thanks Uncle Bill

[@CalmerThanYouAre1]

👏🏻 Roth, brokerage and SS is the way to go! In that example I’d take distributions from my IRA up to the standard deduction amount plus the HSA max contribution amount and take LTCG from my brokerage account for whatever else I needed. 0% taxes. Use the HSA to reimburse Medicare part B premiums plus any other medical expenses. 0% taxes.

[@bobs8226]

A Roth account has better protection against creditors than a taxable account.

[@geedubbya4432]

Let's lose subscribers in the first minute!

[@charlescook4248]

confusing, needs to be much more organized.

[@jdollar5852]

One "problem" we have is that my wife saved all her money in a deferred account and now has right at $1 million in that IRA. We don't need that money right now, so we have to assume it will continue to grow within that account. If we see "average" returns over the next 15 years, she will have over $2 million when RMDs begin. We retired early, so Obamacare is a consideration for the next 7 years. We have to do a juggling act on pulling income for a while. I don't want to pay a dime more in taxes than I absolutely must, but if paying too much in taxes is the biggest problem we have in retirement..I'll be ok.

[@5metoo]

Exactly. I have way more than 500k in every bucket. I finally realized minimizing taxes wasn't my real goal, so this year I did a Roth conversion like for like and cap gains to pay the taxes. Best part was that the stock I transferred tanked in Jan and I hurried up and did the conversion asap. It has now recovered and is now way up at all time high. That slingshot more than covers the taxes. Pure luck but I'll take it.

[@jdthompson5778]

One recommendation. I think the ACA subsidies in some cases not be as advantageous as you think since it forces you to spend your most tax advantaged savings first/early rather than using those years to whittle away at those tax deferred accounts (can be much more advantageous than those ACA subsidies for many situations) If you are relatively healthy prior to age 65 then there are other very affordable healthcare options in many states … check out State Farm Health policies as Joe Kuhn talked about in his recent interview with Josh. I have Solidarity HealthShare which I’m very happy with! I retired 11 years prior to my FRA which is the best opportunity possible to shift a ton of tax-deferred money to Roth, brokerage, and/or spend it first in a low tax tax bracket the let it grow tax-free. You’ll be happy when RMDs roll around. Those early retired years are more valuable the more you have in tax deferred so sometimes trying to be poor on paper for Obamacare CAN be a bad decision you will pay for later on when it’s too late. Short term it seems best and for some ACA is the only option due to health status.. but if not, at least explore.

[@5metoo]

​@@jdthompson5778 - Good advice. Retirement gurus always seem to have in mind social security and pensions, and discourage owning equities. So they focus on minimizing taxes. They think if you've got good enough numbers from ss and pension, then you just need to minimize taxes. But what if you can't count on dual income ss or pension so you built up big buckets of pre, post, and taxable with equities? Just figure out what money you want where according to your strategy, and pay the taxes, within reason of course (not huge lump sums probably). Investing strategy doesn't stop when you retire. I know people want to check out of everything, but it doesn't work that way.

[@dh4589]

With the exception of converting $20 - 30k a year, we have pushed any meaningful conversions off until we hit Medicare age because of Obamacare as well.

[@dh4589]

Josh, What you are saying in the video works for someone with assets under a certain amount that does not expect their assets to last beyond their lifetime. Remember that the tax advantages of a Roth passes onto heirs. Also, If you pass your IRA to your heirs, they have 10 years to clean it out. If its your kids, they will probably be at their peak earning years at the time of inheritance and be paying the highest tax rates on the IRA assets. Its better that they get the assets in the form of a Roth. Finally, if you have brokerage assets in excess of $2.5 - $3 mil, chances are, the dividends and interest today will push you above the income level that will keep you at a 0% tax level. At that point, you may want to convert your IRA to a roth at an amount that takes you to the bottom of the next bracket.

[@zoomzoom3950]

My plan is to take traditional 401k funds in retirement, and reinvest a portion in my Roth IRA before taking social security. In retirement, my income/tax bracket will be lower; if I do Roth conversions now while still working the tax hit will be prohibitive.

[@BulldogDramaDebate]

John Adams was the 2nd President, Thomas Jefferson was his VP

[@57054]

Love the new presentations with the whiteboard again!

[@HeritageWealthPlanning]

Glad you like them!

[@ericw3964]

Gave you a Dislike on this and don't plan on watching anymore of your content because of the political bs, I came to watch something about retirement planning and finance not your political opinions. Bye...

[@ChloeBensonBeautyBoxes]

If you are leaving money to your kids, leaving roth is better than using it earlier.

[@cceerr11]

If you need $100k, filing MFJ, why wouldn't you do $20k in ROTH conversions to fill the 12% bracket. I always top off the 12% bracket, is that wrong? Also remember to have enough taxable income each year in retirement to meet the standard deduction, and possibly the 10% tax bracket.

[@williamdavis2114]

Do you think the the government is going to let the Roth Ira tax free . Im sure they will change that law in the future. The government is losing to much tax money.

[@Siwelynot]

Boebert and MTG are smarter than KHarris? 🤣

[@jimkelly1613]

Pablo is smarter than KHarris

[@Weave.seen.this.b4]

No all 3 have a density yet to be accurately charecterized. Yet all 3 are pretty good looking, so they have that going for them.

[@Crowns57854]

Yes and much easier on the eyes

[@truepatriot-nh8zs]

Quite simply, yes

[@wwz1011]

The difference is neither one of them is Vice President. If Biden gets re-elected, there is a very good chance Harris will take over as president in the next four years. Joe isn't that healthy and mentally, he is failing.

[@devilmonkey427]

Too Trumpy for me. Bad advice. Thumbs down.

[@johngarceau541]

Trump2024

[@devilmonkey427]

@@johngarceau541 Yep, he'll be in prison in 2024

[@Bonez1999]

Great video, thanks Josh. I think our tax-deferred might be too big already to get everything into Roth but I would be in paradise if I had all my savings in Roth accounts..... It's like having completely invisible income.

[@headlibrarian1996]

Roths are great, but I’m certain it is only a matter of time before Congress’ greed gets the better of them and Roths start getting included in IRMAA, Social Security provisional income, and any other income computation that essentially acts as an indirect tax on Roth distributions. They effectively jack up your taxes while claiming Roths are still “tax-free”.

[@johnd4348]

Same here, hard to convert 2 million into Roth account without paying huge sum in taxes. and I would have to use my conversions to pay taxes . Writing a 200 K check to IRS is just too high of a hurdle for me.

[@schadlarry]

Harris knocked Quayle from the top spot and it wasn’t even close.

[@dh4589]

LMAO!!! When I first read your comment, I thought you said "Harris got Knocked up by Quayle." LOL!!!!

[@HB-yq8gy]

Thanks, Josh you're the most honest never upsell! Excellent video just what we needed. Roth conversions with a $60,000 pension & $135,000 in taxable are foolish. We are planning to spend aggressively our IRAs at 60 y/o so RMDs at 74 y/o won't kill us.

[@HeritageWealthPlanning]

I wouldn’t say it’s foolish - to each his own

[@HB-yq8gy]

@@HeritageWealthPlanning Yes that is true. However, with IRA's 1.7 M i heard that in some cases doesn't make sense if you have a lifetime pension,SS at 62 y/o. Some will argue to pay taxes from IRA? Josh, I think you would disagree?

[@5metoo]

@@HB-yq8gy It all depends on your goals. If you can accomplish your goals while minimizing taxes, great. If you can't you'd better get used to paying the damn taxes or you're going to wakeup one day and realize you've not achieved your goals so what was the point of minimizing taxes? There is no universal moral obligation to minimize taxes. What does or does not make sense is unique to each person or couple.

[@HB-yq8gy]

@@5metoo Well we got a lot of great information over the years to decide without the AUM push towards Roth conversions.

[@mostlysunny-dd6qd]

I thought this was about roth? You open with politics. Bye

[@HeritageWealthPlanning]

See ya

[@AllenMassey]

I really learn a lot watching your videos, but I was a bit confused by this one. I watched it twice and I was not sure if your were saying to pull from my IRA first and to leave my broker account alone, or if you were really saying to pull from the broker account first for living expenses. You said both during the video. I really wish you would show a real life scenario, where someone has about $1 million in a plain Fidelity account and about $1 Million in an IRA. They are 64 with no pensions, trying to minimize taxable income for Obama Care health insurance and are not yet taking SS. Are you saying to pull from IRA or Fidelity? Thank you for the great information you provide, but I could use some clarity on this topic.

[@danemorgan4313]

FYI NM is a community property state.

[@vzzmhx]

I feel privileged to be quoted in your video--> "You are so biased against single people. "😢.....😅😅😅

[@over07ful]

I think people need a withdrawal whiteboard with four quadrants of Roth Cash Brokerage acct Ira This is what most people have that watch your videos and read your book

[@denny5564]

Well, I agree to a certain extent. But If you have a large IRA account you need to make distributions/conversions to your Roth. I will still maintain my taxable brokerage account, but I will essentially be living off my Roth IRA which is funded by my annual IRA conversions (~150K/yr) which will be taxed at an overall rate of about 15%. This will keep us below the minimum RMDs when they kick in. We are also delaying our SS until 70. I am planning to set up our cash bucket in staggered 1, 3, and 6 month T-bills for the foreseeable future. We are also moving to state with zero income tax. SC is 7%. Since the wife can't qualify for O'bama care, because of the IRA distributions, she will be using medishare @ $120/month until 65.

[@gregj9391]

A few sources say Medi-Share is a scam. They won't payout. Please research before you purchase.

[@dancurran8977]

Same situation here. We will get killed with RMD taxes starting in 8 years unless we do Roth conversions on our IRA.

[@wwz1011]

On drawing out of your Vanguard and similar accounts, you briefly talked about it. For cost basis, use "specific identification". I used this to get $$ tax free to pay cash for a home. I harvested specific purchases,, some had losses, some had small gains. I balanced these out and paid minimal taxes. On Roth conversions, don't be scared of "paying the taxes". RMDs are incredibly low, and on traditional IRAs, you deferred the taxes for decades. It's OK to pay a little tax as you start drawing it down. Roths work best if you want to pass the money on. But many people with 7 figure balances in 401K accounts, it really doesn't make sense. Pay hundreds of thousands in taxes IMMEDIATELY, to avoid relatively small yearly taxes later? No thanks!

[@michaelrichards6482]

If you want people to watch your videos, stop the political crap.

[@HeritageWealthPlanning]

Obviously I don't want YOU to watch. Just go somewhere else. It's okay.

[@bobb7918]

Don't want to live off the IRA if it will effect ACA costs.

[@cutehumor]

We are leaving our Roth IRA's and brokerage account for the kids. We are going to live off of the Pretax 401k from age 55 to 75 until RMD's kick in and SS income and possibly a reverse mortgage. If my HSA grows too large, I may have to spend that sucker down at age 65. I'm thankful to father GOD for providing for me and my family.

[@semosancus5506]

Does your company allow the rule of 55 for 401k withdrawals?

[@cutehumor]

@@semosancus5506 Yes, I work for a top 10 sp500 woke company. I'm afraid they will take it away. luckily, alot of people didn't save for retirement, so I think my 401k plan will still allow rule of 55

[@joethecomputerguy1]

The conversion of IRA to Roth IRA is where you get the income for obamanation healthcare qualification. I do it very year. Win/win situation for me. No tax on the conversion because I keep it pretty low. Qualifies me for -0- cost healthcare and NO deductible!! Maybe that's what that dude was referring to?

[@SammifromMiami]

@joethecomputerguy1 would you please provide an example of how that works for you?

[@joethecomputerguy1]

@@SammifromMiami are you familiar with federal income taxes? You need to be. I’m not going to all the details. It’s simple, convert funds from a traditional IRA to a Roth IRA and you’ll get a 1099 at the end of the year. 1099 is income. Record it on your tax return.

[@bradlee2594]

@@joethecomputerguy1 - So last year for example, you had little to no income and converted at or less than the standard deduction of $12,950? This is how you paid 0 in taxes on the conversion? This would be one example that allowed you to pay 0 tax.

[@joethecomputerguy1]

@@bradlee2594 numbers are different (I do have other income) but yes the concept is correct.

[@michelemusgrave1157]

Thanks for your comment. This is the plan I figured. I retired at the end of 2022 and will move funds from traditional to Roth in 2023.

[@williamburton1076]

🎉 she's going to be your president, so get used to it!😅 Skip the maga politics and stick to the subject!

[@HeritageWealthPlanning]

Nah- if she gets “elected” it’s gonna be even more fun to hammer Heels Up

[@LegoStarWars217]

this helps especially your examples , thank you Josh !

[@dougsowell]

Do the long term capital gains tax out of the brokerage account count towards 'income' to qualify for obamacare? I'm looking at needing to generate enough 'income' to qualify.

[@wdeemarwdeemar8739]

I would rather have AOC Kamala’s father is Jamaican and mom is Indian. Her father has already stated this.

[@johnnyadams1755]

I gotcha to say my name 3 times at least.😂

[@markhope3466]

Just say no to drugs.

[@HeritageWealthPlanning]

Exactly!

[@lakorai2]

Cocaine is a hell of a drug

[@headlibrarian1996]

A $500k sale has a lot of 3.8% NIIT on top of capital gains taxes.

[@semosancus5506]

The insidious NIIT. Dividends and interest get hit with it too.

[@headlibrarian1996]

@@semosancus5506 Especially nasty because it isn’t inflation indexed.

[@DR-zj4od]

Did you record this while drunk?

[@HeritageWealthPlanning]

If so it was 27 years ago

[@nmort09]

Great video!..I'm considering a Roth conversion now at 61 yrs old with $875k in a traditional pre-tax 401k contribution. I'll probably work til 65-67yrs old. I'm wondering if it's still worth doing, but taxes never go down, do they:) Though my question is that since I'll be retired and not making an income except drawing from retirement accounts, won't my tax bracket be that much lower anyway?..and being that retirement is only 5-7yrs away, would a Roth conversion make up the difference in what I'll pay in taxes now?

[@greysport17]

Take a chill pill.

[@sergiosantana4658]

Josh " I Am The Roth King" is the understatement of the year. By paying 24% marginal in order to avoid a 0% tax has earned you the title. I see a "I Am the The Roth King " Tshirt in the future.

[@jorasparents]

Read up on RMD cliff.

[@mte4506]

What are you on????

[@wdeemarwdeemar8739]

He has ADD so he is on dopamine.

[@robertnowicki3900]

Stick to topic

[@zoomzoom3950]

awww, need a tissue, Robby?

[@oliviaholland5125]

Josh, please do a few videos on 403b and 457b as far as taking distributions and conversions if that’s possible. Thanks in advance

[@dq7143]

The explanation is logical. The summary begins here. 8:20

[@SM-pc7io]

Are we ever going to get to use the new SEP Roth? It's been 2 years and I still can't find anywhere to open one.

[@sporter555]

Sober up dude

[@HeritageWealthPlanning]

Been sober since 5/25/97 but who’s keeping track

[@donofd9626]

Wow, a guy who is so politically opinionated does not know who the 2nd and 3rd presidents were disses John Adams , one of the few US presidents that put the USA ahead of his own personal gain. And then cheers Thomas Jefferson a man who opposed slavery but was so fiscally irresponsible he could not afford to end it. Hypocrisy at the highest level.

[@marktimmer4370]

John Adams was the 2nd president, Jefferson 3rd.

[@TheFirstRealChewy]

Tax deferred accounts are perfectly fine. The issue for some people is when they have too much money in tax deferred accounts. Too much money is when you have to take out more than you want to take out, hence leading you to pay more in taxes than you want. If I only need to take $24K from tax deferred accounts and I only have enough to keep takinng $24K adjusted for inflation, then conversions don't do much since taxes would already be so low that they also don't really affect social security benefits.

[@drenac8900]

Bye. Get ur stuff together dude.

[@tumbleweedking5668]

If I had converted 775K to a Roth at the suggestion of a retired Fidelity advisor in 2018 I would still be in deep dodo to this very day. It's all about timing.

[@rkurtw]

Your political antics really distract from the information you provide…which is very welcomed and valuable

[@miket1181]

Capital gains at 15% plus state tax of 13% in California.

[@zoomzoom3950]

Live in California, get California results.

[@dougB4454]

Thanks Josh. Most Americans would do anything to get Joe out of office and close our borders.

[@tomatodo8334]

Live off TSP/401k and Roth Convert up to 12/15%. Leave Brokerage account alone. For me this is the best approach based on my goals and expenses.

[@tacticaltruth8118]

So, the suggestion is to split your retirement savings into brokerage accounts (50%) and IRA (50%) - and do not do any Roth conversions - and just live off the IRA but keep your income from withdrawals and Social Security within the 12% tax bracket? Doesn’t this go against your statement at the end where you have your retirement savings split into brokerage and Roth accounts? Did you not utilize pre-tax IRA and put your savings directly into a Roth? Or what? thanks.

[@raincloud54]

I think you’re confusing these dummies with grifters

[@gordonfrigaard6521]

Josh this only works if you are MFJ. If you are single I still need appox. 100k post tax to live. So I think doing some roth conversions would make since.

[@blippacg]

Thanks! There's your coffee Josh!

[@HeritageWealthPlanning]

Much obliged!

[@DumagueteDan]

I have roth ira, and put all my contributions in tsp as Roth. But the federal government keeps matching me as tax deferred. I believe the new law allows them to match me with Roth matches but they haven't said anything about it.

[@buyerbware25]

Compare TSP with the Roth IRAs available outside TSP. You will probably want to make some changes.

[@Leahmpls]

JOSH have you worked wtih veterans spouse with DIC? which is tax free

[@vitalife7762]

Please can you elaborate on 4:04.. I incorrectly thought the same thing... That if low income, would pay 0 percent capital gains even if sell and realize a million dollar long term capital gains Please, can you do a video Especially filing single Also, married filing jointly you said the cutoff is 120k How did you arrive at 120k Please, what is cutoff for filing single Thank you so much....

[@gordonfrigaard6521]

He gets the 120k limit for MFJ from $120,000 taxable income - standard deduction for MFJ of $29200 (2024) plus a little dividend and interest income to stay under the income limit for MFJ of $94050 (2024) which is the taxable income limit for capital gains tax with zero tax.

[@Laborkei]

Then get the Vaseline out at RMD Time... You should always do some amount to Roth, but do a Off-Set for IRMA,

[@Leahmpls]

CAN YOU DO A VIDEO ON HOLDING SCHD AND VOO/VTI? IN BROKERAGE ACCOUNT. THANKS JOSH!

[@dancasey9660]

Well, trying to live off of cash (bank accounts, I-bonds) for the next 2-3 years, while taking the opportunity to do Roth conversions on my wife's 401k & IRA before the low tax rates end Jan 1, 2026. By then she can take Social Security at FRA. We figure to take $ out of my IRA'S to supplement and refill our savings/checking accounts until I reach 70. Without getting into balances I'll just say my IRA is 2.5 time greater than her 401k/IRA. So I'm not sure if we'll ever get mine converted to Roth to without going into higher tax brackets. It was recommended by someone that we go into the 22-24% brackets, and pay the conversion with money inside of our IRA's/401k's, but I'm not sure I want to do that. Plus it would be nice to keep IRMAA premiums low if possible. Guess we'll wait until near the end of the year to see what are income is and how much we want to convert.

[@slmunney7760]

Great video. Most advisors say save up some cash to do Roth Conversions once you hit retirement. Me, I'm not a big fan of using the savings I have managed to amass after paying taxes to prepay taxes. Particularly given that Congress can change the rules on Roth accounts at any time. The presenter is right IMO. If you want to take future taxes off the table, withdraw from your deferred accounts sooner rather than later, pay taxes and live off the money. That money is than off the table to be taxed in the future. Reserve your after-tax accounts to live off later as they have good if not better tax attributes (particularly for your heirs) anyway. This may not be the best approach in every scenario, but definitely something to think about. Thanks to the presenter for posting.

[@dogbone277]

Thanks for the video. Gave me something to think about.

[@roymillwood7919]

Thanks!

[@HeritageWealthPlanning]

Thank you!

[@philzail2532]

I see posts like this and hope it will apply for me. However it's always a situation I don't have. Since I don't have a brokerage account. However presently I'm converting only enough to a Roth that I stay in my 12% bracket. Click Bait titles.

[@miket1181]

At age 66, start moving cash into ROTH IRA? Don’t have a retirement account currently?

[@richardlau7058]

Great videos! I'm a bit confused and hope you can clarify. I thought top of the 12% tax bracket is $89450 for married filing jointly, not $120000.

[@joedavola7762]

it's $117k with the standard deduction

[@countdigi]

I think Josh is accounting for the standard deduction in the calculation - MFJ std-ded 27700 + 89250 (top of 12%) = 116950 (roughly 120k)

[@richardlau7058]

@@countdigi That makes sense. Thanks!

[@dna95]

Sir it is obvious that you know what you are talking about but the ADHD jumping and racing is making it very hard to learn from you.

[@garyevans4099]

Thanks for your content but please stop with the political commentary.

[@bryanharrell4059]

Agree.

[@semosancus5506]

The fact is we are fracturing into 2 economies so it is necessary for each and every entity to make their position known. I don't like it but it was forced into us. Fortunately the team Josh is on seems to have a more practical understanding of the world we live in.

[@HeritageWealthPlanning]

Nah, I’ll keep being me. If it offends you, oh well

[@ivanvarykino8202]

@@semosancus5506ou describe economies, not political idealogy. Josh supports entitlement programs - soc security and Obamacare that liberals champion and conservatives continue to attack. Yet he habitually rips left of center leaders and the party. He actually sounds more ignorant than he really is. But if that's the face he wants to present to the world. As he said, "...oh well". And in this segment now having listened to the first 30 seconds, Josh is outdoing himself as an uneducated racist moron.

[@vpmassacre4771]

This dude is Nurz!

[@rayzerot]

I came here to listen to finances, not political rants. I'm out, bye

[@TheSalsy1]

The one thing I missed from the video was the age of the client. They're not on SS but I'm assuming older than 59 1/2? I appreciate the videos.

[@cgmoog]

Yes haven't claimed SS. Either over 59 1/2 or have left work with a 401k (not IRA) and are over 55.

[@rosammitchell6313]

Hi Josh! How can I contact you for your service on Retirement/options?

[@USMCAllTheWay]

Heritage Wealth Planning

[@wdeemarwdeemar8739]

His website only.

[@abr7192]

Why the political rant in the beginning? Please stay on the Roth topic described. Thanks.

[@BSinNH]

Nah…love the rant.

[@wdeemarwdeemar8739]

He has said before that he will rant or the channel might not be for you.

[@f430ferrari5]

It’s not a rant it’s the truth.

[@thomaswiegmann4184]

Turned you off after your initial racist BS.

[@HeritageWealthPlanning]

Your feelings are hurt?

[@ronaldschulman4448]

Stop the political nonsense you may just attract more people to watch your videos.

[@HeritageWealthPlanning]

Let’s see, I’ve been doing my political none sense for years and seems to be working ok

[@ronaldschulman4448]

You are right I stand corrected. It does work in attracting MAGA no sense people.

[@Elephantine999]

You lost me with the political BS. Unsubscribing.

[@HeritageWealthPlanning]

This is not an airport. You don't need to announce when you're leaving. Just leave.

[@johngarceau541]

Trump2024

[@July.4.1776]

Nice job Josh👍

[@Roger-il8iw]

What’s wrong with Dan Crenshaw?

[@zoomzoom3950]

nothing if you're a neocon RINO

[@conureron3792]

Nice shirt. Yes, I’m jealous.

[@liammclaughlin2881]

You're bumbling all over the place.

[@stevewolfe6779]

I stopped listening after the BS political intro.

[@July.4.1776]

That’s the beauty of KZbin you can watch whatever you like. Been watching Josh for years he has been a blessing to me and my wife.

[@jdollar5852]

So, you spent the first 2 minutes listening and then missed the content you wanted to see? Smart move.

[@stevewolfe6779]

@@jdollar5852 It's not unique content frankly. You do you pal.

[@5metoo]

@@stevewolfe6779 - Lots of things aren't unique. Your comments for example.

[@stevewolfe6779]

@@5metoo Yawn.

[@rickros3677]

I have a friend who refers to Kamila as "chlamydia" because she is a social desease.

[@zoomzoom3950]

Kameltoe Hairyas

[@miketooma]

New to the channel, GenXer and plan to retire @ 60 (10 more years). Enjoying the channel so far!

[@bsaver5942]

Politicians may be stupid, but somehow they are all multimillionaires

[@bigtime911]

That shirt rocks❤

[@johngarceau541]

Good video

[@ibenglish]

You seem to know your stuff but also seem like a guy who comes out of the house loaded for bear when the Jehovas pull up with looking to save you. 👍🏻

[@jessn6974]

Love the shirt!!