Google sheet is now on the discord server here discord.gg/enuJThjHJ9
@TheSwissMoose4 ай бұрын
Do you really have to pay to get access to these Google sheets? Seems silly
@rhaltunen7 ай бұрын
Exactly! This is exactly my struggle right now in deciding whether to do a Roth Solo 401k or a Traditional Solo 401k. The quarterly income taxes are going to put a huge damper on the amount I can send to the Solo 401k each month. Not sure which way to go.
@supersaiyaman115894 ай бұрын
i would go for the pre tax if you think your tax will be less or the same amount wene you retire that way you contribute more and have more later on. if you think your tax will be more later i would consider a IRA.
@regularcabdad447422 күн бұрын
Try to max out both 😆
@MillennialDiligence-sx8re9 күн бұрын
Bare minimum get the company match for the traditional 401k. It’s free money.
@michaelperry7871Ай бұрын
This is an excellent tool. Thanks!!
@TravisSickle25 күн бұрын
welcome
@gtlittle1231 Жыл бұрын
Would you please provide a link to the Google Sheet?
@CD-wg6hl6 ай бұрын
Thanks glad you made this video!
@July.4.17765 ай бұрын
It would be interesting to know what the median withdrawal amount is annually?
@jerrylockhart30697 ай бұрын
Good stuff❤😊
@TravisSickle7 ай бұрын
Thanks ✌
@kindree54143 ай бұрын
Hello, I am filling out a CSU application for college and it is asking me to input my Parents' adjusted gross income (AGI) for 2022 and my Parents' untaxed income and benefits for 2022. I know the AGI can be found on line 11 of the 1040 form on the 2022 Individual Tax Return, but I want to confirm where I can find the amount for the untaxed income and benefits? Is it line 2a where it says “Tax-exempt interest” or is it line 2b where it says “Taxable interest”? Line 2a is blank, but line 2b has an amount. Which one would I put? Thank you
@danielleon507410 ай бұрын
The only other thing left out here in respect to the calculation are other additional tax credits for dependents, etc. correct ?
@TravisSickle10 ай бұрын
generally, yes.
@matthewbyrnes28798 ай бұрын
Hey Travis, do you know why the IRS withholding estimator considers our 401K and HSA contributions as other income? Telling us to put the total of all of them as other income on 4a of the W4. Strange.
@TravisSickle8 ай бұрын
It's not contributions. ONLY distributions from those accounts and those are ONLY from the pretax accounts not the Roth 401k.
@matthewbyrnes28798 ай бұрын
@@TravisSickle Agreed. If you have a moment, play with the estimator and tell it you contribute to 401k and/or HSA, and you will see it's telling you to put it as other income. I have to believe it's broken.
@patrickleitgeb7 ай бұрын
I noticed that too.
@CaKiteboarding6 ай бұрын
Hi, I asked this on another video of yours: Can I add to my 401K for last year 2023 before April 15, 2024? Let’s say I have 15k in and I am over 50. Can I still add to it or catch up or does it all have to be before December 31st 2023? Thanks
@matthewowcarz82597 күн бұрын
Since no one answered this, 401k has to be calendar year (12-31 at latest). Only the roth ira can you add into the next year. Idk about traditional ira since I don't use it.
@shortyshort52909 ай бұрын
So I'm saving pre tax now but I don't plan to buy a home until I retire. Would post tax be better?
@TravisSickle9 ай бұрын
are you thinking of using the money in your retirement account for the home purchase?
@shortyshort52909 ай бұрын
@@TravisSickle Maybe 🤔 I have a pension and a 401k
@yoselinbolano9514 Жыл бұрын
How can I get the google sheet. Thank you
@TravisSickle Жыл бұрын
I posted it on the discord channel. Link in description.
@Dragandspinn7 ай бұрын
How is 190k in the 22% tax bracket?
@TravisSickle7 ай бұрын
Do you think that is too much or too little?
@Dragandspinn7 ай бұрын
@TravisSickle it's to little!
@jeffb.24694 ай бұрын
Taxes will be going up. Period.
@TravisSickle4 ай бұрын
they don't always go up but it sure looks like it must given the ridiculous spending over the last 100 years. I believe the expenses will inevitably come down or we will have some serious issues.
@Robertl33trev5 ай бұрын
My company will match both roth and pre tax. Should i just put in both?