The Hidden Tax Impact of Social Security & Other Income Sources in Retirement скачать в хорошем качестве

The Hidden Tax Impact of Social Security & Other Income Sources in Retirement

When it comes to claiming Social Security, it's a huge decision that impacts your retirement, no matter your wealth. And this is just one piece of the puzzle—where you take income from, how you handle Roth conversions, and how different investments generate income all interact like dominoes, affecting your taxes and overall financial picture. In this video, I break down the critical tax planning decisions retirees face when withdrawing income from different accounts. Ultimately, my goal is to help you see the bigger picture, empowering you to make informed choices that align with your long-term financial success. ➡️ Do you need a Retirement Success Plan that goes beyond allocating funds to truly fit your needs? We can help you create a retirement life plan customized for your retirement vision and legacy. Call us at (877) 404-0177 or fill out this form for a free consultation: https://click2retire.com/multiple-inc... 00:00 The Domino Effect of Retirement Decisions 01:48 Example of Couple Receiving $50k in Social Security Income 03:08 The Effect of Adding Dividends to Social Security 07:02 Taking Additional Income Taxed at Ordinary Income Rates 09:42 Adding Long-Term Capital Gains to the Mix 15:16 Adding IRA Distributions into the Scenario 17:47 Evaluating IRA vs. Non-IRA Withdrawals for $20,000 18:13 Using the Capital Gains Bucket Efficiently 21:10 The Dynamic Roth Conversion Strategy 23:54 The Need for Visibility Into Future Tax Impact ✉️ Receive retirement financial planning insights straight to your inbox monthly here: https://click2retire.com/yt-newsletter 🎥  Subscribe to our channel to keep learning here: https://click2retire.com/subscribe Disclaimer: Hypothetical outcomes do not reflect actual results and are not guarantees of future results. Any index references herein are unmanaged and cannot be directly invested into. Past performance is no indication of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing or tax savings strategy will be successful. Advisory services are provided through Oak Harvest Investment Services, LLC, a registered investment adviser. Insurance services are provided through Oak Harvest Insurance Services, LLC, a licensed insurance agency.