Comments on: Retirement Planning With $1,000,000 ALL Pre-Tax! MUST WATCH

By: @stephtraveler7378

@stephtraveler7378 — Tue, 26 Mar 2024 14:33:49 +0000

Great content, but I think the terminology is a little mis-leading to investors. I think you mean “Tax-Deferred”. Pre-tax is a term investors use for gains that have not been taxes yet on investments using after tax funds. In a 401k or IRA, all the money will be taxed. Thus, the investment holistically is tax-deferred.

By: @Jazzwealth

@Jazzwealth — Tue, 26 Mar 2024 12:45:47 +0000

In reply to @robertmiller6479. I try to get to the point as quickly as possible while providing enough context for it all to make sense! Thanks for watching!

By: @whomeplay

@whomeplay — Tue, 26 Mar 2024 12:30:02 +0000

He did not go into the difference between qualified dividends and non qualified dividends. Qualified dividends you pay no tax but non qualified dividends you pay tax, with some income limits. Is there a limit on qualified dividends amount of total dollars? I want to build up a no tax dividend portfolio income. I find it hard to find someone with the knowledge of stocks and taxes as retirement planning. My CPA is no help and I have talked to a planner with no help. All they said I was doing great! I just found your videos and will start looking thru them. Thanks for your help!

By: @Phillytesla1902

@Phillytesla1902 — Tue, 26 Mar 2024 12:06:14 +0000

In reply to @ph5915. Doing pretty much the same thing. Maxing out the tax bracket to the IRMAA limit. All funds that I don't need go into brokerage account. Brokerage becomes "my" money to spend at will.

By: @robertmiller6479

@robertmiller6479 — Tue, 26 Mar 2024 08:36:54 +0000

Thank you for posting this video. It was nice to watch a quick, right to the point video without all the other nonsense.

By: @kevinschultz6091

@kevinschultz6091 — Tue, 26 Mar 2024 06:22:11 +0000

In reply to @July.4.1776. yeah, I mean at that level you need to watch out for the so-called tax torpedo, but if you've got 500k in pre-tax you can withdraw ~20k a year or so (plus social security) without any major worries. That being said: the target audience for retirement financial advisors tend to be people that do have 1 million or more in their accounts, of which there are a few.

By: @kevinschultz6091

@kevinschultz6091 — Tue, 26 Mar 2024 06:18:38 +0000

In reply to @gizmobowen.

Short answer? Earn a lot of money, and save 90k a year.
1. Max out your 401k + Employer match: 30k pre-tax, assuming your employer matches 50%.
2. Max out your mega-backdoor Roth: another 30k or so.
3. Invest 30k a year in a brokerage account.

Obviously that’s oversimplified and requires that a MBD be available – I’m currently at 50% Roth, 40% 401k, and 10% brokerage, due to conversions I did while under-employed during the 2010’s. (ie, my tax rate was relatively low as a contractor, so I transfered my 401k from my contrating agency into my IRA, and converted up to the next tax bracket for 10 years or so.) My income is higher now, so I’m currently splitting 50/50 with my Roth/401k, via the backdoor and Mega-Backdroor strategies.

By: @rolandosouffrain7957

@rolandosouffrain7957 — Tue, 26 Mar 2024 02:54:14 +0000

Lucky me wen I retire all my money will be I'm my Roth I.R.A

By: @rayzerot

@rayzerot — Tue, 26 Mar 2024 02:39:02 +0000

In reply to @Bigdieselbuyer.

YouTube censored my first comment?

Anyway, brokerage account withdrawals are taxed at their own special rates (mostly short and long term capital gains) and only taxed on their cost basis. However the withdrawals do count as income in the eyes of the federal government

It counts as income when determining the amount of social security income that gets taxed. It counts as income when determining if you owe IIRMA payments. It counts as income in a couple other equations too

By: @gizmobowen

@gizmobowen — Tue, 26 Mar 2024 01:51:51 +0000

Thank you for doing this video. I think there are so many people for whom the bulk of their reitirement savings are pretax and there just isn’t a lot of information about how to manage it. Sure I’d love to have one third in a brokerage account and one third in a Roth, but that’s not where I’m at and I’m honestly confused about how people end up with that sort of asset location. I had always assumed that spending more, before RMD age could be a valid strategy and this video assures me that I wasn’t way off base. Thanks. Now, if you could do a few more about this exact subject, I’l love to hear about other ways of managing a portfolio that is virtually all pre-tax.