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I don't think it was a "significant tax cut for everybody"....the majority of that CUT went to very wealthy people.

Kudos for discussing the fact that the bracket Income Thresholds get inflation adjusted each year, and that when we return to the 2017 Percentage Brackets, the threshold borders won't be exactly as they stood in 2017. I watch a LOT of financial YT channels and it amazes me that no one else discusses this. Well done!

Thank you for a great video and presentation. Your table was very effective! I'm almost done converting my pre-tax funds in my 401k account. Your arguments and recommendations are valid. Thank you again!

Great content, thanks, Cardinal Advisors!

Changing rates does not definitely mean a higher tax bill. Many people were hurt by the increase in the std deduction and the elimination of the personal exemption in 2017. While some will see higher taxes if there are no changes in 2026, some people’s tax bill will decline.

These are the tax rates the Democrats claim didn't help people, once again a Democrat lie 😮😢

Keep workin' baby! I retired at 52 as they kept wanting more and more. So glad I did. 8 years ago I retired and haven't paid a dollar in income tax. Keep workin'. Folks like me love y'all. Show me more free money! Love love love it!!!!!!!!!!!!

Great video for tax planning. I have been maximizing my Roth conversion since I retired and will through 2025. Another consideration besides the higher rates is that the high standard deduction will get reset and many will have to start itemizing again. If you are mortgage free, and live in a tax free state, you will likely see your taxable income increase due to the lower standard deduction.

You did show HOH. HOH got screwed with the 2017 cut.

It's my money so it isn't "Free"

Taxes let's start working on saving social security also members of congress.

Congress has their own interests in mind. That’s a starting point.

Having to "fund" legislation which reduces taxes to the middle class is indicative of how the Fed Govt thinks they **OWN ALL OF YOUR MONEY** !!! Ironically, every time tax rates are reduced ... treasury receipts for federal income taxes GO UP ... EVERY TIME!!!

I have a question. I am a teacher with a pension and social security. I retired Friday at 62. I am not getting Soc Sec yet but will next month. I have over 127K left in two 403b accounts. I am single and have thought about converting it to a Roth but I am not sure it would make that much difference for me. I have CDs well over $175K now and savings of $72K. Would you suggest combining the $127K 403b into an IRA or Roth conversion? I live in FL so only federal tax. Thanks.

Can I ask your fee for telephone advice?

All the planning in the world only works till congress looks at Roth accounts like Peter Thiel and say we need to tax those gains that were never taxed before!

FYI~. The bill was signed into law by President Donald Trump on December 22, 2017.

In May 2023, the Congressional Budget Office estimated that extending these business tax provisions would reduce federal tax collections by $953 billion over the 10-year budget window, FY2024- FY2033. Source is crsreports.congress.gov/product/pdf/IF/IF12641#:~:text=The%20Joint%20Committee%20on%20Taxation,budget%20window%2C%20FY2018%2DFY2027.&text=The%20majority%20of%20the%20TCJA,the%20individual%20provisions%20are%20permanent.

And lack of compromise in this case aids those who need some excuses to raise taxes across the board. It's easier to do that than whine about the need for broader tax increases on the middle class for national debt.

Really helpful advice - thank you for putting this together 🙂

Very informative! Thank you.

ALL taxes State Federal and local will increase significantly in the years moving forward.

Hey Cardinal Advisors, I just watched your video and I must say that it was really informative and well-made. I was wondering if I could help you edit your videos and repurpose your long videos into highly engaging shorts? I can also make high CTR thumbnails for your channel

I think the videos you guys produce are fantastic. I haven't watched all the annuity videos, but it is a topic I am interested in. I am not a professional, so I used chatGPT to help me. I put in the numbers for the SPIA (55013.2) for 60 payments of 1000 and asked it to compute the IRR. The calculation came to 3.52%. I think every annuity video should talk about IRR, what it is, and why it is important to evaluating an annuity. There are other considerations, but paying money today for fixed payments for a fixed time period in the future produces an IRR that you can then use to see if it is of value or not. So in this specific case in your video, I ask myself, why when I can get 5% in my money market per year would I put it in this annuity and make only 3.52%? I don't think I would? But my point is not to say this is a good or bad investment for people, but to say that if you really wanted to educate people on annuities, you could talk about the importance of IRR so they don't get swindled. In this case, if I were asked the question, I would answer yes, you can get 5% this year, but if rates get cut you may not be able to in the future. Thanks though for all the great videos!

Please people do not get Medicare DisAdvantage. You can not change the mistake once made.

Honest agent . Some agent would convinced you to take advantage plan because the agent would make more money ( commission) if you get the advantage plan . This guy is honest

Always interesting topics ! If someone has a huge IRA and the heirs have to pay estate tax with IRA distribution, that would be a huge double whammy tax.

Could I convert 10,000 a year to Roth without paying taxes up to age 73, assuming only 24,000/yr S/S?

I'm Beneficiaries of my uncle IRA inherited from account. Late uncle died in 2010. Do I eligible to withdraw all money?

Do you all consider Long term, short term or in home care for Wartime Veterans and their spouse getting the complicated help through the NAVF?

The question isn't Roth vs Traditional The question is how much traditional to take advantage of lower taxes in retirement and put everything else in a Roth

Yes a Roth is taxed. The Year you put the money in

Great job on the break down of all of this very important info. 🎇🎇🎇

Everyone gets a fee, client pays them all.

no stick to help you get around anymore, thats great! But I loved it as a pointer! Tis was a good video, I didn't know where brookstone came into the picture.

The beauty of this 3-way approach to managing my money, is it keeps me off of an episode of American Greed! 😂😂😂

Looks like the recovery is going well Hans!

What's my first wife passed away but I'm married again can I still draw off my first wife

So using the income tax brackets in your examples, can you back out any qualified dividends (taxed at 15%) from the income to determine the amount of a Roth conversion you may want to make up to $191,950 (single)? For example, say a single filer has $200,000 in taxable income, but $40,000 of that income is from qualified dividends . . . the Roth conversion one should consider is $31,000, right? Does that make sense (given Roth conversions make sense in this scenario)?

Is the deductible in part A, per occurance? Per year?

Greatly appreciated. Thank you very much!

Social Security is too complicated and complex for retirees/seniors to not be able to understand and made them trapped for more taxes. Why not simplify it?

I’m amazed more Americans aren’t subbed. Love your content!

Should have probably mentioned something about the penalties if you dont take it out. Thanks for the video

1994 bought a class C new MH $395.00 month for 15 years sits in yard today I would say worth $1000.00 I wonder at times what that $395.00 taxed $ would have looked like in a Roth type account ..... value today ...

When you say you can't use IRA money that's a bit confusing. If I took a hundred thousand dollars out of my IRA and I pay the taxes on it, now it's my money to use wherever I want to use it. So in reality I'm using money from my IRA. You're saying I can't do that?

Hey there! Just wanted to remind you that it's never too late to start taking your investment journey seriously. So don't lose hope

I have been in low tax brackets most of my working life. Glad I chose the Roth option.

How much longer with that cane???

IRS is like the old Fram oil filter commercials (yes i'm ancient).. the mechanic (the IRS in this case) says.. you can pay me now ( for a good filter) or pay me later (for a new engine)!