The Smartest Tax Moves | Jill on Money

Рет қаралды 24,517

4 ай бұрын

On this episode of Jill on Money, Jill Schlesinger and Mark Talercio sit down with Ed Slott to discuss our favorite subject, taxes! If you'd like to submit a question for Jill on Money, visit: www.jillonmoney.com/contact.
Jill is an Emmy and Gracie Award winning Business Analyst for CBS News and host of the Jill on Money podcast. For more, check out: www.jillonmoney.com.
For more from Ed, check out: irahelp.com/
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“Jill on Money” is a publication by Jill Schlesinger, the content creator. Jill Schlesigner is not an employee of Ritholtz Wealth Management. This podcast is for informational purposes only and should not be relied upon for investment decisions. Investing involves the risk of loss. Nothing in this podcast should be construed as a solicitation of an offer to buy or hold, an interest in any investment product.
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Пікірлер: 39

@daveschmarder-1950 4 ай бұрын

Great presentation! Thanks Jill, Mark and Ed and everyone behind the cameras at The Compound.

@TheCompoundNews 4 ай бұрын

Glad you enjoyed it!

@rocinante6530 4 ай бұрын

So glad you teamed up with The Compound.

@doctorhorton 4 ай бұрын

This is straight up marvelous, what a guest! 👏

@williamharberts5514 4 ай бұрын

This one was wonderful, and I can hardly wait for the second episode.

@jerryginma 4 ай бұрын

Great show. One detail not mentioned about HSAs, which sadly I learned recently as my birthday is approaching - when you turn 65 and sign up for Medicare, you can no longer contribute to (or get the deduction for contributing to) your HSA. It's been a great savings vehicle while it lasted!

@hoss6981 4 ай бұрын

Fantastic we need more tax talk

@youseennothing8432 4 ай бұрын

How can we a copy of the charts? Love it!

@plants4Ever17 3 ай бұрын

i am so grateful my head is out of the sand and I found YOU! love the podcast , Jill , Mark and ED on the compound. thank you, thank you

@youseennothing8432 4 ай бұрын

Nice to finally see Mark's!!

@overhealtv 4 ай бұрын

One of the most powerful features of a HSA is that you can keep receipts of healthcare related expenses for future withdrawals, so you can pay for expenses today with money outside of your HSA and continue to allow it to grow tax free and withdrawal in the future still tax free. And yeah, having it sit in cash is a waste of this advantage. Some brokerages have HSAs with a lot of other investment options, Stocks, ETFs, Options, etc.

@Nedumgottil 4 ай бұрын

Looking forward to the next episode!

@korbutni 4 ай бұрын

Great episode!!🎉

@bangitstang 4 ай бұрын

I love this show. Thanks for the great content!

@garysolberg1923 4 ай бұрын

This was an amazing episode that everyone should bookmark and share with friends & family! Jill I've heard you mention Ed's name many times, but never connected the dots that I had seen him on other shows.

@funtechu 4 ай бұрын

One other benefit to the HSA, if you contribute through your paycheck you also don't pay FICA taxes. Quadruple tax advantaged!

@Justchillin145 4 ай бұрын

Providing tons of value! Thank you

@Camwinnoori 4 ай бұрын

Such an informative episode and Ed was amazing atexplaining everything

@doyle4543 2 ай бұрын

Great info - thanks!!

@stevemcleod4608 4 ай бұрын

Thanks Ed, the Roth/529 is not such a gimme as advertised.

@plusev7257 4 ай бұрын

Great show!

@TheCompoundNews 4 ай бұрын

Thank you!

@SSModi852 4 ай бұрын

Great advices from Ed. I have 401k at employer (IBM). IBM has decided to not do a matching contribution instead they are depositing in a pension plan. Can I contribute to IRA instead of contributing to IBM 401k?

@keithmachado-pp6fv 2 ай бұрын

Make sure you do eventually use those HSA dollars. Once you and your spouse pass away the balance becomes taxable immediately to your beneficiaries

@upperman17 21 күн бұрын

I love Roth’s. I load up $14000 individual Roth’s , 7,000 for me and the wife. 401k Roth while working =6.2% fica, 1.4%,and 4.95% state tax (IL). This will cost me an additional 12.65% now before federal. IL does not tax 401k in retirement and fica, Medicare are not paid as well in retirement. I’m not sure the 401k Roth is worth it right now.

@mrmarty1403 2 ай бұрын

If I extend my return to October will I be able to contribute to my 2023 IRA up to October? Good video.

@user-bk2mk7cc4o 29 күн бұрын

Where can we get these cheat sheets?

@midwestcannabis 4 ай бұрын

🎉🎉🎉🎉❤

@uponthisrock1555 4 ай бұрын

Can anyone explain the Roth 401k. Nevermind asked before he explained.

@jorgevelasquez9955 3 ай бұрын

With Roth conversion, don't you have to wait 5 years to touch money?

@pitco 3 ай бұрын

Why does Jill keep groping Mark?

@8mailgirl 4 ай бұрын

Great show 🎉 look forward to part 2! Best guest ever on JOM 🎉

@zappos49 4 ай бұрын

It’s not 15% rate on SHORT TERM capital gains on the Invidia stock 100k profit. It will be taxed like income.

@no9254me 4 ай бұрын

I don’t know how they missed that. $200k income and you don’t mention how long you held nvda. What clueless presenter

@zappos49 4 ай бұрын

@@no9254me she tried to set him up with the income level but he completely missed the question. Never sell stocks in under a year of ownership, taxes are way too high

@heidikamrath1951 3 ай бұрын

She said in the example that they bought the stock “in the beginning of last year,” so that is longer than a year. I think they did that to make the example long term capital gains.