Taxes in Retirement: $500,000 Traditional IRA скачать в хорошем качестве

Taxes in Retirement: $500,000 Traditional IRA

How is a $500,000 traditional IRA taxed in the Widow's Tax Trap? Average Social Security benefits: https://www.ssa.gov/faqs/en/questions... Median financial wealth by age cohort: https://www.federalreserve.gov/econre... Median retirement income by age cohort: https://www.empower.com/the-currency/... How many retirees retire with $1M? https://www.fuchsfinancial.com/retire... Cody Garrett and I take a realistic, no fear approach to tax planning for retirement in our new book Tax Planing To and Through Early Retirement: https://www.amazon.com/Tax-Planning-T... Here Ed Slott colloquially states that that government might own 60% or 70% of your traditional retirement account.    • Stop Contributing to IRAs and 401(k)s   IRS Publication 590-B has the Uniform Life Table used to calculate annual required minimum distributions ("RMDs"): https://www.irs.gov/publications/p590b 2026 federal income tax brackets: https://www.irs.gov/pub/irs-drop/rp-2... Note that at the end of the video I said the next video will come out next week. Sorry, that's incorrect -- it comes out in two weeks. Subscribe and stay tuned! This video, the show notes, and any comments are for educational purposes only. They do not constitute tax, legal, financial, and/or investment advice for any person. Consult with your own advisors regarding your own matters.