Timothy Sumer

Are you worried about the taxes if you sell your inherited property? Do you know what taxes you will have to pay? When you inherit a property the tax rules are different than if it is your primary home or rental home. Watch this video to learn about capital gains tax on inherited property and learn what things some things that you can do to pay less capital gains tax on your inherited property. Please do SUBSCRIBE and click the bell icon(🔔 ) to get notified about new videos (uploading every week). Follow #NickDisney or #SellmySanAntoniohouse on Social Media: Website:- Instagram:- Facebook:- Twitter:- LinkedIn:- Pinterest:- ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Do I Have To Pay Capital Gains Tax On An Inherited Property? Inheriting a property can bring about a wide range of emotions and responsibilities. While i...

MERCHANDISE: AMA Email Address: Christopher.a.bell18@gmail.com. I answer YOUR investing and political questions for FREE with a personalized, anonymous video. What's the harm? All I ask is a LIKE, SUBSCRIBE and a SHARE. Collaboration Link: J Naugy: My YouTube partner in crime. Subscribe to his channel! Books: Stop Being a Broke Loser - Social Media: Facebook - Twitter - Parler - Free Stuff: (Free Robinhood Stock. But don't be dumb and day-trade. BUY AND HOLD)... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Title: Vanguard Funds SCREWED ME With No Reach Around: A Lesson in Why You Should Focus on IRAs and 401Ks Introduction Investing in mutual funds is often considered a safe and efficient way to grow one's wealth over time. Vanguard Funds, one of the world's largest investment companies, has long...

Mastering Crypto Taxation: Maximize Profits, Minimize Liabilities! Dive into the world of cryptocurrency taxation and learn how to navigate the complexities of crypto investments. From understanding taxable events to calculating capital gains, discover strategies to minimize your tax liabilities and maximize the benefits of your digital assets. Stay compliant, well-informed, and ready to tackle the challenges of cryptocurrency taxation! Quiz: What is the cost basis of a cryptocurrency? a. The original value of the asset, typically the purchase price, plus any additional costs such as transaction fees b. The selling price of the asset c. The total value of the asset at the time of sale What is tax-loss harvesting? a. A strategy to reduce taxable income by selling underperforming assets at a loss b. A strategy to harvest more losses by buying high and selling low c. A method to avoid taxes altogether Which type of retirement account allows for tax-free qualified withdraw...

🔥"ENERGY MARKETS IN CRISIS - COME JOIN ME LIVE to understand how big of a problem it is, and HOW We CAN PROFIT FROM IT!! 🔥 I hate to break it to you but everything you've been told may not be correct. At least if its coming from the status of the government, and their mouths — such as no inflation, or supply chain issues. So what's really going on today, where are we at in this historical cycle? Are we really having inflation, or hyperinflation? What's the cause of our money, and society breaking down, and more. Today I invited my good buddy Robert Breedlove from the 'What Is Money' show, and he's got a different way to examine history and the current events of tyranny happening today. He's also going to be a guest speaker at my event happening November 14 in Miami, FL. He's going to break down what he thinks is going to happen in the near future, and how to prepare for it - protecting your assets, wealth, and...

On Your Money, Your Wealth® podcast #314 with Joe Anderson, CFP® and Big Al Clopine, CPA: Are you eligible to make a backdoor Roth IRA conversion? Is it allowed? Is it taxed? How does a Roth 401(k) different from a Roth IRA? Can you buy a family member’s condo for below market value then rent it back to them? Can you max out a family member's Roth each year? Can you file 2020 taxes even though you haven't received IRS form 1098 yet? How can you diversify your portfolio into more international investments? How do capital gains "ride on top" of ordinary income again? And finally, a correction regarding Social Security deeming rules. Access the transcript and financial resources, ask your money questions: 00:00 - Intro 01:00 - Can I Do a Backdoor Roth Conversion? (Nick, Huntington Beach, CA) 09:11 - Is a Backdoor Roth Conversion Taxed? (René) 12:56 - We Make too Much to Contribute to Roth. Are Backdoor and Mega Backdoor Roth Strategies Allowed? (Jane, Michiga...

Learn how to have a prosperous career and retirement with us. Don't leave your future to chance. The only great opportunity is one that you act on. The best time to start saving was yesterday. 📢The Financial Architects - Did You Know: 7 in 10 Americans have NO retirement plan & 1 in 2 Americans are NOT COVERED with life insurance The best time to start saving for your retirement was yesterday, the second-best time is NOW. 6 out of 10 people live with at least one critical illness, such as a heart attack, stroke, cancer, or kidney failure. Nearly 7 in 10 Americans have nothing written for retirement. 39.5% of Americans Will be diagnosed with cancer during their lifetime. 31% of people diagnosed with cancer will live and be left with unbearable medical bills. Medical debt is the leading cause of bankruptcy and foreclosure. A stroke occurs every 40 seconds in the United States. A person dies every 36 seconds of heart disease. A heart attack occurs eve...

Bill Gates argues for a fairer tax system that takes a higher portion of wealth from those with great fortunes. He suggests that the capital gains rate and estate tax could be adjusted to promote greater equity and create a more just society. While acknowledging the complexity of this issue and the need for careful consideration, Gates makes a compelling case for using taxation to address inequality. ➡️ Subscribe for more free YouTube content 👉 ➡️ If you're looking to build up your investment portfolio, consider these options: 💰Invest in precious metals with BullionVault: 💰Diversify your portfolio with Fidelity Investments: 💰Buy and trade cryptocurrencies with Binance: 💰Spend and earn crypto with the Crypto.com Visa Card: ➡️If you're looking to build up your financial portfolio and create lasting wealth, look no further than my top book recommendations: 📖The Intelligent Investor -...

On Your Money, Your Wealth® podcast #295 with Joe Anderson, CFP® and Big Al Clopine, CPA: whether you call it the barn door, the garage door, or the Roth two-step, you asked for more about the tax saving Backdoor Roth IRA conversion strategy, and Big Al and, reluctantly, Joe, are here to serve. For now at least! Should you wait until retirement to do a backdoor Roth IRA conversion? Plus, the pro-rata rule, self-employed modified adjusted gross income (MAGI) vs. AGI, and how capital gains work with Roth conversions. Also, strategizing for if and when the estate planning step up in basis tax laws change, whether a high yield savings account is good for investing $25K in cash, and listener comments on the show and the FIRE movement. 00:50 - Should We Wait Until Retirement to Do a Backdoor Roth Conversion? 08:31 - Capital Gains “Sit On Top” of Income? What About When Doing Roth Conversions? 15:44 - The Pro-Rata Rule: Are There Times When a Backdoor Roth Conversion Isn’t Worth It...

14:33 I have sold real estate in 2022. Can I avoid capital gain taxes if I purchase real estate in 2022? 0:00 Intro 6:23 I am thinking about investing in a Bitcoin mining fund. We will take 90% depreciation in the first year. Can I use that loss to offset my gains over the next few years of the fund? Passive loss for passive gain? Welcome back to another installment of Tax Tuesday! There are a lot of questions to cover in this episode so tune in as Jeff Webb, CPA and Eliot Thomas, JD. break them down. Join us LIVE on Tax Tuesdays every other Tues 👉 8:40 Our business generated substantial income in 2022 as a single-member LLC. Can I create a new LLC, elect an S Corp status in 2022, then move income from our single-member LLC to a newly created S Corp, and be taxed as an S Corp for 2022? 11:12 Is it true that creating a revocable living trust will raise my capital gains taxes if I sell my primary residence home? If I transfer to my name, I must live in it for ...

Building Wealth in Changing Times FAQ & Open Forum on Deferred Sales Trust ⚠️Join Our No-Cost Deferred Sales Trust Mastermind every Friday 🚨 Selling an asset with at least $1M less gain and $1M net proceeds? Want to defer the capital gains tax? We can help you. 📞 Schedule a Strategic Call With Me or a Team Member To Learn If the Deferred Sales Trust is a good fit or not: I believe that "EVERYBODY NEEDS A CAPITAL GAINS TAX EXIT EXPERT" - Brett Swarts Do you want to exit your asset with an extra 25-50% of your gain or to help you achieve your goals? Have 40% estate tax challenges? Do you want your cash flow and tax flow to work harder for you? I can help. If you are serious about improving your odds to be successful in this uncertain marketplace, I will teach you how to become a 'Capital Gains Tax Exit Investor Expert', and show you how to exit and invest like a billionaire. Drawing from our unique past experiences, both g...

To avoid paying taxes on inherited stock, sell shares as close to the date of death as possible. This will help minimize capital gains and taxes charged. Watch Dan Live Weekdays, 9/8c on Follow Dan’s Guide to Stock Buys & Sells: Download the Free FISM App: Like Financial Issues on Facebook: Follow Financial Issues on Donate today at Financial Issues With Dan Celia September 27, 2021 Information given by Dan could be based upon time-sensitive market data or economic situations that are subject to change. © 2021 - FISM TV. All Rights Reserved.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/paying-taxes-on-inherited-stock/?feed_id=55595&_unique_id=63b095c509fd4 #Inflation #Retirement #GoldIRA #Wealth #Investing #analyst #annuity #biblicalinvest #biblicalinvesting #biblicallyrespon...

Estate planning attorney Andrew Bethel discusses how to maximize your estate by minimizing three potential tax hits that dramatically lower how much you pass onto the next generation: inheritance taxes, estate taxes (death taxes), capital gains taxes, and gift taxes. Like us on Facebook - Check out our website - Sign up to our newsletter! - *Disclaimer* Viewing this video does not create the expectation of an Attorney-client relationship. The information from this video is for general information purposes only. Nothing should be taken as legal advice for any individual case or situation.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/how-to-minimize-inheritance-estate-capital-gains-taxes/?feed_id=52508&_unique_id=63a4b37497e44 #Inflation #Retirement #GoldIRA #Wealth #Investing #avoidinheritan...

Does your retirement tax plan include crucial estate planning strategies? Are using all of the tax savings strategies available to you? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to Timestamps: 0:00 Does your tax plan end when you do? 0:43 Spousal Gifting for a Double Step-Up in Basis 4:46 Double Step-Up in Basis + Your Retirement Withdrawal Strategy 7:57 Unequal Beneficiaries for Maximum Tax Savings #EstatePlanning #TaxPlanning Disclaimer: This content is shown for illustrative purposes only. Every situation varies widely, and therefore the effectiveness of any strategies discussed on the Safeguard Wealth Management Youtube Channel will vary widely. Please use experienced help when implementing any retirement, tax, or estate planning strategy. - - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan...

Taxable capital gains can be taken into account when calculating your maximum retirement annuity contribution.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/retirement-annuity-contribution-calculation-and-capital-gains/?feed_id=48035&_unique_id=6393881982f81 #Inflation #Retirement #GoldIRA #Wealth #Investing #aftrede #Aftree #aftreebeplanning #aftreebeplanning #Belegging #beleggingsbeplanning #beleggingsopleiding #capitalgains #CGT #kontantvloei #RetirementAnnuity #retirementfund #RetirementAnnuity #aftrede #Aftree #aftreebeplanning #aftreebeplanning #Belegging #beleggingsbeplanning #beleggingsopleiding #capitalgains #CGT #kontantvloei #RetirementAnnuity #retirementfund

You have questions, Tom has answers! Send us topics and questions at or email us at asktom@talkmoneywithtom.com Visit Our Website: To book an introductory meeting with Tom: Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California. DISCLAIMER: The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Tom Vaughan and Retirement Capital Strategies are not responsible for investment actions taken by viewers. For more details, please read our full disclaimer at #investmentincome #retirementplanning #retirementsavings #retirementgoals #investmentstrategy #talkmoneywithtom #inve...