Tax-Reduction and Retirement Income Update

Julius Smetona, F.S.A., E.A. discusses the remarkably favorable regulatory environment affecting tax-qualified retirement plans and how small business owners can benefit. To keep more of what you earn, go to www.desalesassociates.com or call (216) 595-3940....(read more)

LEARN MORE ABOUT: Qualified Retirement Plans
REVEALED: How To Invest During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing

Tax-Reduction and Retirement Income Update As the cost of living continues to rise, many retirees are looking for ways to reduce their taxes and maximize their retirement income. The good news is that there are a number of strategies that can help you do just that. First, it’s important to understand the different types of taxes that you may be subject to in retirement. These include income taxes, capital gains taxes, and estate taxes. Depending on your situation, you may be able to reduce or even eliminate some of these taxes. For example, if you’re investing in a retirement account such as a 401(k) or IRA, you may be able to take advantage of tax-deferred growth. This means that you won’t be taxed on any of the money you put into the account until you withdraw it. This can be a great way to reduce your taxes and maximize your retirement income. Another way to reduce taxes is to take advantage of tax credits and deductions. For example, if you’re a senior citizen, you may be eligible for a number of tax credits and deductions. These can help lower your taxable income and reduce the amount of taxes you owe. Finally, it’s important to stay up to date on the latest tax laws and regulations. The tax code is constantly changing, and it’s important to make sure you’re aware of any new laws or regulations that may affect you. This will help you make sure you’re taking advantage of all the tax breaks and deductions available to you. By taking the time to understand the different types of taxes you may be subject to in retirement, as well as staying up to date on the latest tax laws and regulations, you can help reduce your taxes and maximize your retirement income. This can help you enjoy a financially secure retirement. https://inflationprotection.org/tax-reduction-and-retirement-income-update/?feed_id=69742&_unique_id=63e7e18ae9db0 #Inflation #Retirement #GoldIRA #Wealth #Investing #401kplans #cashbalanceplans #definedbenefitplans #Increasingretirementincome #reducingtaxes #smallbusinessowners #QualifiedRetirementPlan #401kplans #cashbalanceplans #definedbenefitplans #Increasingretirementincome #reducingtaxes #smallbusinessowners

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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