Thank you so much for the video. I will have to watch it a few times because I am challenged with these concepts. I have not taken any money out of my retirement account in the 5 years I have been retired. You hit on it, I am afraid to spend the money. I am afraid of cost of healthcare and assisted living and all that. I planned to meet rmd withdrawal by giving to charity. But maybe Roth conversion, I would love to see a video, I know nothing about it. Your presentations are so insightful and well presented. You make such complicated stuff clearer and less intimidating. Thank you for all your work.
I appreciate your comment! I'm glad you found the information helpful and something you can put to use. Don't worry if you need to watch it more than once-there’s a lot of subtle but important information throughout the video.
Wow - This video is packed with so much helpful information. Lots of detailed information scattered throughout the video. I'll probably watch this a few times to make sure I remember it all. Thanks!
Yes. I vote for a detailed Roth Conversion strategy video. Can you also consider doing a video on capital gains harvesting with several examples in a future vid. In addition, any Microsoft Excel worksheet templates or ideas for them would enhance your content. Very nice work on your other YT videos. Thanks.
Thank you for the comment and suggestions! I appreciate you checking out the video. I do have a video that goes over example of capital gains harvesting and how you can create your own tax brackets in retirement. You might find it helpful. Here it is: th-cam.com/video/0-5l__S2lMk/w-d-xo.html
Great info - and yes would love to see a video on Roth conversions, our dilemma is we have > $3,000,000 in traditional IRA's,(we still work but now have ROTH 401K's from our employment plan) and would need to pay the tax on the conversions from the conversion itself, I really do not know if this is advisable or would be a benefit long term as far as taxes paid over our lifetimes, Thank you
Thank you for checking out the video and leaving a comment! I’ll aim to address Roth conversions in more detail in a future video. If your company is now offering a Roth 401(k) option, that’s definitely something to consider. I also have a video that discusses the details of that decision, which I’ll link below, along with a couple of others that may be relevant to your situation. If you view them, feel free to ask any further questions. Happy to hear you liked this video. Traditional vs Roth 401K: The Optimal Strategy: th-cam.com/video/pGSMKGwhues/w-d-xo.html How to Pay $0 Taxes on $100k Retirement Income: th-cam.com/video/0-5l__S2lMk/w-d-xo.html Optimal Order to Invest: th-cam.com/video/tW5o5K7BDUs/w-d-xo.html
Pretty much same position here with a very large traditional IRA and still working in a high salary position so it doesn’t make sense to do Roth conversions. Also had to take a RMD this year, used QCDs but still taxed out the wazoo & likely always will be..
I hope this video was helpful. Please let me know your thoughts or if you’ve picked up any additional tips about RMDs.
Thank you so much for the video. I will have to watch it a few times because I am challenged with these concepts. I have not taken any money out of my retirement account in the 5 years I have been retired. You hit on it, I am afraid to spend the money. I am afraid of cost of healthcare and assisted living and all that. I planned to meet rmd withdrawal by giving to charity.
But maybe Roth conversion, I would love to see a video, I know nothing about it.
Your presentations are so insightful and well presented. You make such complicated stuff clearer and less intimidating. Thank you for all your work.
I appreciate your comment! I'm glad you found the information helpful and something you can put to use. Don't worry if you need to watch it more than once-there’s a lot of subtle but important information throughout the video.
Wow - This video is packed with so much helpful information. Lots of detailed information scattered throughout the video. I'll probably watch this a few times to make sure I remember it all. Thanks!
Thank you for the comment! I am happy to hear you found it so helpful.
I learn so much from your videos. I had never heard of RMDs. Thanks.
Happy to hear it was helpful and informative! Yes, RMDs are definitely something we all need to be aware of.
Second time watching this video. So much good information in this video!
Great!🙂
Thank you. Some great information here.
I appreciate the comment! I'm happy to hear you found the video informative.
Another great video. A complex subject explained in such a simple fashion. This will help young people like me to plan and strategize efficiently
Thank you for the comment! Glad to hear you found it helpful!
Yes. I vote for a detailed Roth Conversion strategy video. Can you also consider doing a video on capital gains harvesting with several examples in a future vid. In addition, any Microsoft Excel worksheet templates or ideas for them would enhance your content. Very nice work on your other YT videos. Thanks.
Thank you for the comment and suggestions! I appreciate you checking out the video. I do have a video that goes over example of capital gains harvesting and how you can create your own tax brackets in retirement. You might find it helpful. Here it is: th-cam.com/video/0-5l__S2lMk/w-d-xo.html
Didnt even know this existed!! Good to know! 😮
Yes - This is information people need to be aware of.
Great info - and yes would love to see a video on Roth conversions, our dilemma is we have > $3,000,000 in traditional IRA's,(we still work but now have ROTH 401K's from our employment plan) and would need to pay the tax on the conversions from the conversion itself, I really do not know if this is advisable or would be a benefit long term as far as taxes paid over our lifetimes, Thank you
Thank you for checking out the video and leaving a comment! I’ll aim to address Roth conversions in more detail in a future video. If your company is now offering a Roth 401(k) option, that’s definitely something to consider. I also have a video that discusses the details of that decision, which I’ll link below, along with a couple of others that may be relevant to your situation.
If you view them, feel free to ask any further questions. Happy to hear you liked this video.
Traditional vs Roth 401K: The Optimal Strategy: th-cam.com/video/pGSMKGwhues/w-d-xo.html
How to Pay $0 Taxes on $100k Retirement Income: th-cam.com/video/0-5l__S2lMk/w-d-xo.html
Optimal Order to Invest: th-cam.com/video/tW5o5K7BDUs/w-d-xo.html
Pretty much same position here with a very large traditional IRA and still working in a high salary position so it doesn’t make sense to do Roth conversions. Also had to take a RMD this year, used QCDs but still taxed out the wazoo & likely always will be..