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Most of us generally understand how taxes and capital gains taxes work. Also, we understand that ordinary income is taxed on one schedule and capital gains are taxed on another schedule. The question is, will capital gains increase the taxes I pay on my ordinary income? We also want to know what is the difference between short-term capital gains and long-term capital gains. In today's video, James Conole is going to help you understand how capital gains impact the taxes you pay on the rest of your income and whether will it push you into a higher tax bracket. Learn the tips & strategies to get the most out of life with your money. ⏰ TIMESTAMPS 00:00 - Introduction 1:50 - Capital Gains Tax 3:15 - Capital Gains Taxes Explained 5:25 - Ordinary Income v. Capital Gains 7:31 - Tax Planning Strategies 8:33 - Tax Brackets & Tax Rates Free Retirement Checklist Here: https://rootfinancialpartners.lpages.... SUBSCRIBE HERE: / @rootfp _ _ For more resources and content, check us out below! Website // https://rootfinancialpartners.com/ Podcast // http://readyforretirement.co/ Instagram // / rootfinancialpartners Facebook // / rootfinancialpartners LinkedIn // / 18347030 Other videos we think you'll like: Why I Started Root Financial Partners // • Why I Started the Ready for Retirement Pod... How Would You Feel If You Knew You Could Retire Today? // • Why I Started the Ready for Retirement Pod... What Makes Our Approach Different? // • Why I Started the Ready for Retirement Pod... -- Advisory services are offered through Root Financial Partners, LLC, an SEC-registered investment adviser. This content is intended for informational and educational purposes only and should not be considered personalized investment, tax, or legal advice. Viewing this content does not create an advisory relationship. We do not provide tax preparation or legal services. Always consult an investment, tax or legal professional regarding your specific situation. The strategies, case studies, and examples discussed may not be suitable for everyone. They are hypothetical and for illustrative and educational purposes only. They do not reflect actual client results and are not guarantees of future performance. All investments involve risk, including the potential loss of principal. Comments reflect the views of individual users and do not necessarily represent the views of Root Financial. They are not verified, may not be accurate, and should not be considered testimonials or endorsements. Participation in the Retirement Planning Academy or Early Retirement Academy does not create an advisory relationship with Root Financial. These programs are educational in nature and are not a substitute for personalized financial advice. Advisory services are offered only under a written agreement with Root Financial.