IRA/LLCs - What You Need to Know
4:28
SELF-DIRECTING A COVERDELL ESA
2:12
Пікірлер
@BrigitteBrodski
@BrigitteBrodski 25 күн бұрын
Volume is bad
@Panceblueprint
@Panceblueprint 26 күн бұрын
Great presentation Nate! I appreciate the education and the case studies. Very informative
@Beevoverfied
@Beevoverfied Ай бұрын
“A couple thousand to burn…” and 400/per year to manage it. Something to consider.
@Bennett_Samuel
@Bennett_Samuel Ай бұрын
I found your contents interesting, you're doing great, but do you know you can get better results with some strategies...?
@skywest48
@skywest48 Ай бұрын
You guys charge 25.00 every time I put money into a stock I already have. My intentions. Was to put in every two weeks and grow my portfolio and I’m charged 25.00 every time . Plus the percentage on the ticker. I think you guys should brag about that also.
@skywest48
@skywest48 Ай бұрын
You guys find slow
@skywest48
@skywest48 Ай бұрын
Fund
@QuaySarasota
@QuaySarasota Ай бұрын
thank you - so many great points especially that the new crypto acct be opened as the LLC
@MrDannyGong
@MrDannyGong Ай бұрын
Agreed really great info!!
@buckley9
@buckley9 Ай бұрын
Keep doing these webinars! This one was great
@hickmantaylor02
@hickmantaylor02 2 ай бұрын
This is so unamerican they gon tax me on every usage of my property.
@LivingSmallLivingMobile1
@LivingSmallLivingMobile1 3 ай бұрын
I bought bitcoin with funds from my checkbook Ira and have self custody. When I sell some in the future, where should I transfer and sell so its listed as owned by the llc
@mauriciomoreno6087
@mauriciomoreno6087 3 ай бұрын
You guys are the best! I really enjoy your conversation, I learned so much
@jkdanahy
@jkdanahy 4 ай бұрын
This is actually false. There is nothing stopping you from contributing to a Roth IRA if you already max out your company 401k. I have no idea where he got that information from
@charmcrypto824
@charmcrypto824 4 ай бұрын
Loving the discussion! Got me thinking about my IRA in a whole new light. Crypto might be the way to go. Appreciate the insights! Definitely considering crypto for retirement now. My Digital Money seems to be making waves in this space, anyone tried it yet?
@ranestorypictures1738
@ranestorypictures1738 4 ай бұрын
Let me get my violin out for single people making $400K a year.
@Hammer1nm
@Hammer1nm 4 ай бұрын
Biden is now trying to bribe his way back into the Whitehouse. You want $400 a month? He will do that for you too. Don't fall for it. He will continue wrecking America until he leaves. Don't give him 4 more years to do so.
@RealOriginaLew
@RealOriginaLew 4 ай бұрын
That pos aint not legitimate president hes an installed puppet the cheater elect
@user-rv8wb1nl1b
@user-rv8wb1nl1b 4 ай бұрын
putler's GOP
@mikenichols7628
@mikenichols7628 4 ай бұрын
Vote blue🤣
@Douglas-iz4de
@Douglas-iz4de 4 ай бұрын
“Tax the poor”
@LostDraugr
@LostDraugr 4 ай бұрын
Did Biden propose it or did his handlers propose it?
@honeyhillapiary3421
@honeyhillapiary3421 4 ай бұрын
A comment section full of people too envious to understand that it'll set precedent for going after all ROTH accounts in the future. You people never learn.
@MrAlexdimm
@MrAlexdimm 4 ай бұрын
amazing the number of you who are Fine with screwing over people who have made more money, and only care when it effects you. Actually, I am not amazed or surprised at all. I have known you all my life and it is what i expect from you types of people. How disgusting you are.
@MyDyerMaker
@MyDyerMaker 4 ай бұрын
Democrats aren't satisfied with you working 3 months each year to pay taxes.
@noahhess4955
@noahhess4955 4 ай бұрын
Tax your pay tax when you spend tax things you already own tax your land why not add another right? For people making light of this, the top 1% already contribute roughly 43% of all federal income tax revenue and about 22% of all tax revenue for the US. You’re all bums who’ve never contributed to anything in your life
@rogerparrett3242
@rogerparrett3242 4 ай бұрын
It starts out high to get support... then moves lower when the government invents new distractions.
@jamesguerrero2993
@jamesguerrero2993 4 ай бұрын
How sad 4 ur 450k income. Man Get the $%^& Outta here! Rich people who don't pay taxes can kiss my Ass!
@BillyFrench
@BillyFrench 4 ай бұрын
Oh no! Those poor folks making over 400k 😂
@chickendoodles3566
@chickendoodles3566 4 ай бұрын
Look at history, remember when income tax was only a rich person tax? Now look where we are.... This is an incremental step
@alphawolffestudios1169
@alphawolffestudios1169 4 ай бұрын
What if I just want to creat a ROTH but have nothing like a 401k
@jerrygundrum1
@jerrygundrum1 4 ай бұрын
save something, a Roth works for that just fine. he is talking about rich people's game for protecting wealth
@GeonQuuin
@GeonQuuin 4 ай бұрын
Tax free on thr withdrawal, but you still gotta pay the income tax when you convert from traditional to roth.
@djmaster1995
@djmaster1995 4 ай бұрын
They are ever so desperate for more tax revenue so they can waste it. Waste it on 6 million new illegals per year and Ukraine.
@Brianlikescars
@Brianlikescars 4 ай бұрын
I make about 500 a year. I put my money where my mouth is and haven’t used my Roth since I was a wee enlisted in the military. This is a good thing. Tax the fuck out of millionaires, why is the money coming from the poor?
@jilhbrakenhoff5234
@jilhbrakenhoff5234 4 ай бұрын
That is dumb. Treat people equally I am tired of every poor person cheering when rich people have bad things happen to them and I am tired of it.
@SuperHelish
@SuperHelish 4 ай бұрын
​@@jilhbrakenhoff5234 if there is a budget deficit more money needs to come in to balance it or you need to lower expenses, if you increase revenue with taxes isnt it better to tax those who have larger disposable income than those who have less?
@Space.Ghost.
@Space.Ghost. 4 ай бұрын
​@@SuperHelishcause cutting spending is never an option right?
@SuperHelish
@SuperHelish 4 ай бұрын
@@Space.Ghost. I literally mention lowering expenses in the comment, can you actually not read or are you so autistic that you need someone to say spending instead of expenses?
@23salamander
@23salamander 4 ай бұрын
Its called closing a loophole. Theres a reason its called a "backdoor rollover", the roth was meant to be a tax-advantaged way for poor people to save for retirement. The Backdoor lets wealthy people access it and also ignore the annual contribution cap. Do it. Plug that loophole!
@djmaster1995
@djmaster1995 4 ай бұрын
Yes, so they can do what with the money? Send it to foreign wars? Or Import more voters from South America?
@user-rd1cn9bo9o
@user-rd1cn9bo9o 4 ай бұрын
Roth IRA deposits are not deductible from your taxes like IRA deposits
@douglasmoscho8254
@douglasmoscho8254 4 ай бұрын
When you're in big trouble politically try a last desperate attempt to buy votes from seniors.
@mark_sturzbecher
@mark_sturzbecher 4 ай бұрын
Aw man, I really wanted tax-free money for people who make over 400k a year.
@ambrosephill9
@ambrosephill9 4 ай бұрын
I am sorry but these people pay the taxes on all money that is converted to the Roth IRA. The conversion is not a loophole. The people who provide you with a job and most of the tax revenue the government uses for all services and infrastructures. Quit being a class warfare warrior. Quit being a slave kneeling before the tyranny of the government.
@jtlyons552
@jtlyons552 4 ай бұрын
Oh dame for the half million makers such a hard life
@honeyhillapiary3421
@honeyhillapiary3421 4 ай бұрын
That's how they keep suckering in people like you. It ALWAYS progresses to include everyone. Your envy and inability to learn from repeated patterns of behavior is constantly used to justify theft by people who do nothing for your benefit.
@stephensteele4776
@stephensteele4776 4 ай бұрын
People want the same thing that the criminals organization that is in Washington DC and politicians. Who gets to do insider trading.
@harleymarcum-vr5hn
@harleymarcum-vr5hn 4 ай бұрын
But you pay the taxes before it goes into a roth
@dduff4383
@dduff4383 4 ай бұрын
Obviously not, otherwise it wouldn't be a loophole that needs closing.
@honeyhillapiary3421
@honeyhillapiary3421 4 ай бұрын
​@dduff4383 that's exactly how a ROTH works. It's after tax contributions that are supposed to grow tax free.
@charliefoxtrot3796
@charliefoxtrot3796 4 ай бұрын
I dont make 400k a year im good
@mrob456
@mrob456 4 ай бұрын
you're good for now. Wait until they realize this isnt enough
@sandollor
@sandollor 4 ай бұрын
@@mrob456 Thanks Bud, I'll take that to heart.
@pugsnguns
@pugsnguns 4 ай бұрын
Democrats are just amazing 😂🤡
@scottlemiere2024
@scottlemiere2024 4 ай бұрын
Says the moron that thinks the Trump tax cuts are still there for them.
@abrams_60
@abrams_60 4 ай бұрын
Agree.
@pugsnguns
@pugsnguns 4 ай бұрын
@@abrams_60 keep kissing the boots of the tax man 🤡
@markguziec9274
@markguziec9274 4 ай бұрын
Another reason to vote Trump. The left is lusting after all those trillions in retirement accounts. Just a matter of time before the Fed reneges on the Roth tax free distribution.
@gratefuldad4092
@gratefuldad4092 4 ай бұрын
this sprained my brain
@joshvduh
@joshvduh 4 ай бұрын
Haha you guys crack me up! Great info!
@christinagonzalez7780
@christinagonzalez7780 5 ай бұрын
In 2023 I contributed bare minimum to my account.. And now I'm looking to max it out before the deadlines are due. So would I fund it from my checking into my Fidelity account and then claim it when I'm filing my taxes, for the tax break? Is that how that works? There's no forms that I would need to fill out.. And with the same go for the Roth IRA as well?
@directedira
@directedira 5 ай бұрын
Hi Christina, that's correct. Your tax return should simply reflect any retirement plan contributions or HSA contributions.
@nickzivkovic9129
@nickzivkovic9129 5 ай бұрын
What about a Roth IRA?
@CIAragDe
@CIAragDe 5 ай бұрын
You can withdraw money from Roth at anytime. Penalty free. Look into it.
@directedira
@directedira 5 ай бұрын
@@CIAragDe Roth contributions can be withdrawn anytime tax-free and penalty free. The Roth's investment earnings however, become tax-free and penalty-free once you've reached age 59.5 and have had the Roth IRA seasoned for 5 tax years.
@nfhare22
@nfhare22 4 ай бұрын
@nickzivkovic9129 You can move Roth funds as well, but it makes less to do so, since your Roth contributions can already be removed tax-free and penalty free. Moving pretax money out of a Trad/Sep/Simple/401k to an HSA makes a lot more sense if you have one.
@dustinteders9939
@dustinteders9939 5 ай бұрын
This is great information 👍
@directedira
@directedira 5 ай бұрын
thanks Dustin!
@thegannondaynes
@thegannondaynes 6 ай бұрын
Love the content! Your content deserves way more views! Coming from a small channel like myself, I get the grind! Would love to connect further!
@brucewayne2955
@brucewayne2955 7 ай бұрын
Click bait 🪤
@Billy-eq6sc
@Billy-eq6sc 7 ай бұрын
Fuk your rules!