Hellow guys, Welcome to my website, and you are watching I'm 62 with $1.7 million in 401k & IRA. How do I pay less taxes in retirement on my IRA?. and this vIdeo is uploaded by Sierens Financial Group at 2023-06-19T15:30:09-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | I'm 62 with $1.7 million in 401k & IRA. How do I pay less taxes in retirement on my IRA? |
| Video Uploader | Video From Sierens Financial Group |
| Upload Date | This Video Uploaded At 19-06-2023 22:30:09 |
| Video Discription | I’m 62 years old with $1.7 million in 401k and IRAs. How do I pay fewer taxes in retirement on my IRA? This is a common scenario for people at or near retirement. They reach that next stage of life and realize they have a lot of money saved that they haven’t paid taxes on yet. So what can be done to help reduce the tax on this 401k and IRA money? In this video, we’re going to talk about factors to consider and strategies to utilize to help lower the amount of tax you’re going to owe on your IRAs and 401ks so that you can keep more of your hard-earned money in your pocket. No one wants to give more to the IRS than they have to and we’re going to talk about ways to do that. #retirementplanning #paylesstaxesinretirement #taxplanning Here's what we cover in this financial video: 0:00 – Intro 1:17 – Here’s the breakdown of a typical retirement savings 2:09 – Understand your taxable income 5:15 – Tax rates today vs the future 7:29 – Strategy #1: Contribute to a Roth 9:00 – Strategy #2: Taking more of an equity approach 9:59 – Strategy #3: Roth conversions 11:46 – Some other strategies to consider 15:28 – The Widow’s Tax Get Your Free Guide to Social Security Benefits: http://lifemoneyshow.com/socialsecurity Want to learn more about financial and retirement planning? ➟ https://bit.ly/3tcS3vn 1853392-6/23 _____________________________ CONNECT 🤝 Facebook: https://www.facebook.com/SierensFinancial LinkedIn: https://www.linkedin.com/in/scott-sierens-sfg/ Podcast: https://lifemoneyshow.com/podcast/ _____________________________ CONTACT ☎ Website: https://lifemoneyshow.com/ Phone: (847) 235-6989 Email: scott@sierensfinancialgroup.com Appointment: https://calendly.com/sierensfg/intro-call |
| Category | Education |
| Tags | How to reduce taxes on $1.7 million ira | How to reduce taxes on $1.7 million 401k | How to pay less in taxes in retirement | How do I pay less taxes in retirement on my IRA account? | How to stop paying tax on IRAs | Reduce taxes owed on IRA | Reduce taxes owed on 401k | Taxes in retirement | Reduce taxable income | Tax strategies | Tax tips | Tax savings tips | Roth conversion | Should I do a roth conversion | Should I contribute to my 401k or roth 401k | Tax planning for individuals | sierens |
