If You're Retiring With $1 Million Or More, You NEED To Know This Strategy

[@robannmateja5000]

Very helpful, thank you!

[@BarbHurley-s6m]

You are the best! Im on the right track!! 😊

[@lizzieb6311]

Thank you! I’m 3 years out from retirement and have approx 80% in traditional 401K and IRA and only 20% in Roth. This information is indeed helpful as I have both SS and an employer funded pension coming that will completely cover my expenses as my home is paid for and I have no outstanding debt. I will need to pull very little (if anything) from those retirement accounts prior to my RMD’s. I’ll be in that higher tax bracket for those income streams when I start the RMD’s.

[@frankrothiz4u]

How about a properly structured Max Funded IUL policy ?

[@drz400sy8]

What are the tax assumptions in terms of brackets and income level for the out years?

[@Kevinw4040]

If youre still working and contributing to a 401k can you begin transferring your balance to a roth or do you need to retire first?

[@Keepmoving-y7c]

Check with your plan. My work plan allows for you to pull money out of plan to out in IRA or convert to Roth at age 59 1/2.

[@jpchurch34]

1 n in invaluable

[@lizzieb6311]

Two s’s in JACKAS$ 😉

[@jeremyhill-h9e]

I want to start trading but prefer learning from others’ experiences rather than diving in myself and waiting for a bull run. What do you think of social trading? Can people actually make a living from it? I’m aiming for a quarter million before the end of year

[@kyrenfei]

These strategies are quite challenging for regular traders. They are mostly carried out by experienced professionals with considerable skill and expertise

[@parkermyer]

I agree, I delegated my portfolio to an expert. After more than two years with my advisor, I had earned well over six figures. She makes it nearly difficult to lose by managing risks.

[@Keepmoving-y7c]

I’m confused about your comments that there are more tax breaks for married filed jointly vs single. I must be missing something- pls clarify. If you look at the marginal, tax rate table side-by-side for single versus married file jointly, you basically take the single income multiplied by two as if each individual filed separately, and that’s what the married couple gets. For example if tax rate is 10% for $0 to 12,000, the tax rate is 10% for 0 to 24,000 ( double the single rate - that two single filers could get). Looking at standard deduction- it’s approx 15,000 for single filers and 30k for married filer. Afgain just single amount times 2. If they didn’t marry or filed as single, each person would get 15,000 standard deduction. So where is it that filing jointly - married is giving a bigger tax break?