How to Reduce the Widow’s Tax Penalty скачать в хорошем качестве

How to Reduce the Widow’s Tax Penalty

Download the free Key Financial Data Guide: https://purefinancial.com/white-paper... Watch    • Cancel the Noise: Economic and Market Impa...   Calculate your free Financial Blueprint: https://purefinancial.com/financialbl... Ask Joe & Big Al for your Retirement Spitball Analysis: https://bit.ly/AskJoeAndBigAl Schedule a free assessment with an experienced financial professional: http://bit.ly/PureAssessment Access all the free financial resources and the episode transcript: https://bit.ly/ymyw-501 Subscribe to our YouTube channel: http://bit.ly/YMYW-YT Subscribe to the YMYW podcast: https://lnk.to/ymyw Should Suzanne do Roth conversions in 2025 and 2026 since she’s widowed and won’t be married filing jointly? How should she pay the tax on her conversions? Jennifer is 55 and her husband is 70. Should she retire now and do aggressive Roth conversions before her husband passes? We’re talking about the #widowstax, today on Your Money, Your Wealth® podcast 501 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, answers for our YouTube viewers: what’s a brokerage account? What’s a good way to pay required minimum distribution taxes? How does the 10 year rule work on inherited IRAs? What are extended market index funds? The fellas also spitball on the 4% rule for retirement withdrawals. 00:00 - Intro: This Week on the YMYW Podcast 01:00 - Age Gap #RetirementSpitball: Retire Now and Aggressively Convert Before Husband Passes? (Jennifer, WA) 12:18 - Widow’s Tax Retirement Spitball: Convert IRA in 2025 and 2026 Since I Won’t Be Able to File Joint? (Suzanne, MI) 17:50 - Download the 2024 Key Financial Data Guide for free 18:46 - What is a Brokerage Account? How to Pay RMD Tax? Should I Consolidate My Assets? (Lu) 21:27 - Comment: It Doesn't Matter Where You Pay #RothConversion Tax From (Jim2179) 23:19 - Clarifying the 10-Year Rule on Inherited IRA Rollover (Invictus) 25:39 - Should I Do a Backdoor Roth IRA? (119Agent) 27:56 - Watch Harris Vs. Trump - Cancel the Noise: Economic and Market Impact of the 2024 Election webinar, Calculate a Free Financial Blueprint 29:00 - What Are Extended Market Index Funds? (PH) 30:25 - Is the 4% Rule Sustainable for 40 Plus Years of Retirement Withdrawals? (N70199) 34:55 - Outro: Next Week on the YMYW Podcast IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, LLC, a Registered Investment Advisor. • Pure Financial Advisors LLC does not offer tax or legal advice. Consult with your tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. As rules and regulations change, content may become outdated. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors. CFP® - The CERTIFIED FINANCIAL PLANNER® certification is by the CFP Board of Standards, Inc. To attain the right to use the CFP® mark, an individual must satisfactorily fulfill education, experience and ethics requirements as well as pass a comprehensive exam. 30 hours of continuing education is required every 2 years to maintain the certification. AIF® - Accredited Investment Fiduciary designation is administered by the Center for Fiduciary Studies fi360. To receive the AIF Designation, an individual must meet prerequisite criteria, complete a training program, and pass a comprehensive examination. Six hours of continuing education is required annually to maintain the designation. CPA – Certified Public Accountant is a license set by the American Institute of Certified Public Accountants and administered by the National Association of State Boards of Accountancy. Eligibility to sit for the Uniform CPA Exam is determined by individual State Boards of Accountancy. Typically, the requirement is a U.S. bachelor’s degree which includes a minimum number of qualifying credit hours in accounting and business administration with an additional one-year study. All CPA candidates must pass the Uniform CPA Examination to qualify for a CPA certificate and license (i.e., permit to practice) to practice public accounting. CPAs are required to take continuing education courses to renew their license, and most states require CPAs to complete an ethics course during every renewal period.