rewrite this title in 20 words or less (do not provide multiple options): Every Retiree With a Savings Account Has Until the End of 2026 to Move This Money — Here’s Why
These videos should be illegal. He says he is not a financial advisor that then spends the rest of the video giving out advice that contains unrealistic assumptions.
That’s exactly why you lost. Have you ever looked at the failures within your own organization to understand where the real value lies? The greater the internal flaws, the bigger the potential return for those willing to get involved and fix them.
I didn’t convert my 401k into a 60/40 I converted it into a money market fund which hasn’t made much money last quarter but I didn’t lose money like some friends that rolled over into a standard 60/40 stock portfolio. That’s where my money staying in this volitile market.
No, none of this is a surprise. — You earn interest income, it is subject to tax, and if you get a higher interest rate, you'll owe more tax… wow… but they have more income to pay that tax and still have more net funds. — While savings bonds can defer tax, it is delaying the inevitable at least for federal, so unless you have varied income from year to year, where you can take the savings bond tax in low income years, or plan to leave your savings in savings bonds for the long haul, you'll get hit with several years of earnings and so more tax in one year, later. — People have been talking about Social Security and IRMAA thresholds for a long time. Social security thresholds are low, so many won't be able to avoid them, particularly single people. IRMAA thresholds are fairly high, particularly for married, so if you are getting hit with these, congratulations, you should celebrate that you have that much income that you need to pay IRMAA additional premium/surcharge… and at that level of income, the surcharge isn't that much money by percent. — One of the best things people can do during working years, if they want to avoid higher tax brackets in retirement, is not to put all of their retirement savings into pre-tax 401K/IRA accounts, particularly if in retirement that will cause Social Security, RMDs and any other income will put them into higher tax brackets than in their working years.
I filled out that form took out a one shot deal from deferred comp told not exempt so they are making like that is part of my regular income. They are taking additional 650 from me irmma. My union 2ill reimburse me middle of 2027 if I am alive. This is so unfair
He may be AI, but this series seems to be spot on. Unfortunately, nobody not even my financial advisor Educates you on these things, especially early enough to take full advantage of everything.
I believe AI Micheal should clarify that the strategy with I bonds is to use them INSTEAD of savings or CDs who’s interest generates taxable income in the CURRENT year versus I bonds deferring that taxable interest into the future where presumably you have lower income and brackets for less net tax liability. Very similar to rationale for Roth conversions reducing your tax exposure from IRA RMDs. So move your excess liquid savings to maximize I bonds every year.
War need money
Just opened account and bought iBond. Will start moving savings every year. Thank you❣️
AI. Everybody knows the interest income is taxable.
These videos should be illegal. He says he is not a financial advisor that then spends the rest of the video giving out advice that contains unrealistic assumptions.
That’s exactly why you lost. Have you ever looked at the failures within your own organization to understand where the real value lies? The greater the internal flaws, the bigger the potential return for those willing to get involved and fix them.
I didn’t convert my 401k into a 60/40 I converted it into a money market fund which hasn’t made much money last quarter but I didn’t lose money like some friends that rolled over into a standard 60/40 stock portfolio. That’s where my money staying in this volitile market.
Yeah my interest in my savings is low and I’ll keep it that way
We need a revolution against the Epstein class.
This needs to be taken to court and ruled unconstitutional.
great
Thank you
Thank you for your research and sharing this information that is not mainstream. Can you do a video on self directed IRA's. Thanks again, 65 from IL
Money market ?
0.034 interest rate, that be like stuffing under mattress.
No, none of this is a surprise.
— You earn interest income, it is subject to tax, and if you get a higher interest rate, you'll owe more tax… wow… but they have more income to pay that tax and still have more net funds.
— While savings bonds can defer tax, it is delaying the inevitable at least for federal, so unless you have varied income from year to year, where you can take the savings bond tax in low income years, or plan to leave your savings in savings bonds for the long haul, you'll get hit with several years of earnings and so more tax in one year, later.
— People have been talking about Social Security and IRMAA thresholds for a long time. Social security thresholds are low, so many won't be able to avoid them, particularly single people. IRMAA thresholds are fairly high, particularly for married, so if you are getting hit with these, congratulations, you should celebrate that you have that much income that you need to pay IRMAA additional premium/surcharge… and at that level of income, the surcharge isn't that much money by percent.
— One of the best things people can do during working years, if they want to avoid higher tax brackets in retirement, is not to put all of their retirement savings into pre-tax 401K/IRA accounts, particularly if in retirement that will cause Social Security, RMDs and any other income will put them into higher tax brackets than in their working years.
Thanks, I have a meeting sch. with my financial advisor! I did not know this!
I filled out that form took out a one shot deal from deferred comp told not exempt so they are making like that is part of my regular income. They are taking additional 650 from me irmma. My union 2ill reimburse me middle of 2027 if I am alive. This is so unfair
Does anyone not know this is AI
More BULLSHIT A.I. content.
He may be AI, but this series seems to be spot on. Unfortunately, nobody not even my financial advisor Educates you on these things, especially early enough to take full advantage of everything.
I believe AI Micheal should clarify that the strategy with I bonds is to use them INSTEAD of savings or CDs who’s interest generates taxable income in the CURRENT year versus I bonds deferring that taxable interest into the future where presumably you have lower income and brackets for less net tax liability. Very similar to rationale for Roth conversions reducing your tax exposure from IRA RMDs. So move your excess liquid savings to maximize I bonds every year.
Who could keep track. This is pure communism.
I started my investing endeavors by buying I-bonds. It's good to know I did something right!