When Mike talked about harvesting the most CG this year and leave the Roth conversation in the future year, I wonder why not just leave the appreciated assets to the heirs so that they can have the step up basis with lower capital gain might be still in the 0 tax bracket.
Always love your video's !! Do you have a video on selling rental property and putting the proceeds into a retirement account to save on Capital Gains? Thanks!!
Gut reaction. I am at the 10 minute mark and I feel I wasted my time. I am planning to gut it through in the hope there is at least a nugget coming. Okay, I quit at the 20th minute.
I thought you all would mention spousal IRAs. Provided you haven't started social security and you retire before your spouse and they have earned income to cover the max for both of you then you can add to your IRA without having earned income. My wife is younger than me so I'll be able to add to my Roth while she is working.
I am nowhere near most people I. Your examples. I watch your and other channels and feel like I am Waaaay behind? Nowhere near enough compared to them? Young people talk about barely paying bills making $100 K p yr? I was showing a co-worker where I was? She said, Dude! You are far ahead of most people she knows and they are doing fine? The numbers look good, the Monte Carlo show I am good until about 90? The Pension and Soc Sec are for like so will never really rum out of money? Single so don't need to leave a legacy? But the Fin Pro channels all show peep with over $1,000,000 portfolio, want >$10K p month? Make us feel poor?
This episode hit right for my life right now! Retiring soon! Thanks!
When Mike talked about harvesting the most CG this year and leave the Roth conversation in the future year, I wonder why not just leave the appreciated assets to the heirs so that they can have the step up basis with lower capital gain might be still in the 0 tax bracket.
Time to update the intro guys. It’s from the ‘old’ studio!
Always love your video's !! Do you have a video on selling rental property and putting the proceeds into a retirement account to save on Capital Gains? Thanks!!
Gut reaction. I am at the 10 minute mark and I feel I wasted my time.
I am planning to gut it through in the hope there is at least a nugget coming.
Okay, I quit at the 20th minute.
i feel the same way. They did this to me another time too.
I thought you all would mention spousal IRAs. Provided you haven't started social security and you retire before your spouse and they have earned income to cover the max for both of you then you can add to your IRA without having earned income. My wife is younger than me so I'll be able to add to my Roth while she is working.
I am nowhere near most people I. Your examples. I watch your and other channels and feel like I am Waaaay behind? Nowhere near enough compared to them? Young people talk about barely paying bills making $100 K p yr? I was showing a co-worker where I was? She said, Dude! You are far ahead of most people she knows and they are doing fine? The numbers look good, the Monte Carlo show I am good until about 90? The Pension and Soc Sec are for like so will never really rum out of money? Single so don't need to leave a legacy? But the Fin Pro channels all show peep with over $1,000,000 portfolio, want >$10K p month? Make us feel poor?