Financial Advisor Videos

Video Transcript

http://www.charlescarrollusa.com/

(855) 585-3600

If you’ve become the beneficiary of an IRA or other retirement accounts, it’s important to know your options. You can take the money out in one lump sum. This requires opening an account called an Inherited IRA in your name for correct IRS reporting. That lump sum may be taxable depending on whether the original contributions were pre or post-tax. Or you can open an Inherited IRA and leave it alone to grow tax-deferred. You can’t make any additional contributions and must take Required Minimum Distributions based on when the deceased would have turned 70 ½. With this option, you can name your own beneficiary to pass it on. If your spouse left you the account, you’re allowed to roll those assets into your own retirement account and follow your account’s distribution rules. You could also disclaim the account, or not accept it. The assets can then pass on to alternate beneficiaries. If you disclaim, it must be done before taking possession of the account, and within nine months of the original owner’s death. To learn more about what to do with an inherited retirement account, please give us a call today.

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Whiteboard Videos for Financial Advisors

Video Transcript

http://www.wealthwisdomgroup.com

(302) 651-9191

Tax-efficient investing involves strategies to help reduce the impact of taxes. Investments have three tax flavors: taxable, tax-deferred and tax-exempt. Taxable requires gains to be paid as they are earned each year. These include investments like CDs and money market funds. Tax-deferred gains remain sheltered from taxes until withdrawn for retirement at age 59 ½ like 401(k)s or IRAs. Tax-exempt interest is not taxable either by federal or state taxes. To determine the tax effect of your investments, you must know which tax bracket you’re in and if capital gains rules apply. The highest investment income minus the lowest taxes due is your investment goal. So focus on placing fully taxable investments in tax-deferred accounts. Don’t make the common mistake of putting investments that have tax benefits into an IRA. You will lose those tax benefits since all distributions from traditional IRAs are 100% taxable. Let us help you make tax-efficient investments in your portfolio. Give us a call today.

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Financial Advisor Marketing

Video Transcript

http://www.charlescarrollusa.com

(855) 585-3600

If you’re like most people, most of the time, you focus your financial efforts on maximizing your current income. But it’s also important to plan ahead for the benefit of your spouse if you should pass away. Here are some tips for how to do that. First, Carefully consider joint vs. single life payouts from pension and investment distributions. Next, consider Waiting to take Social Security until age 70 instead of age 62, This could increase your survivor benefit by 76%. As life situations may change, update your beneficiary designations. These designations will take precedence over what’s written in your will or trust, so it’s important to keep these current. Investments like annuities have a guaranteed lifetime benefit. These can be a great way to ensure that your spouse is taken care of, even after you’re gone. Be sure to keep your wills and trusts up to date and your assets properly titled. And Keep your spouse fully informed about all financial details. We can help you make sure that your spouse is taken care of. Please give us a call today.

 

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Financial Advisor Videos

Video Transcript

http://www.bayriversgroup.com

(757) 259-2450

With a traditional IRA, you may qualify for a tax deduction when you invest your money. But later, when you take the money out in retirement, all those distributions are taxed. The Roth IRA is the opposite. It has no deduction when you put the money in, but later, all distributions are tax-free when you take the money out during retirement. By converting from a traditional IRA to a Roth IRA, future gains become tax-free. But when you convert funds from a traditional IRA to a Roth IRA, you must pay taxes on the converted amount that year. You can choose to convert all or just part of a traditional IRA to a Roth IRA. Timing should be based upon when you are in a lower tax bracket or have other offsetting deductions. We can help you gauge the costs and benefits of a Roth conversion in your situation. Beware of penalties if you may need to tap into your Roth IRA funds in the next five years and you are or will be younger than age 59.5 when you need these funds.

Give us a call today and we’ll help you evaluate your options. It’s important that all investment titling and beneficiary designations are working in concert with your will or other estate planning documents. Speak with your estate and tax planning professionals to evaluate any potential tax ramifications and call us today to learn more about strategies and resources that may help you preserve your nest egg.

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Whiteboard Videos for Financial Advisors

Video Transcript

http://www.theliberatedinvestor.com

+1 828-668-0665

A “Living Trust” is a trust you created that is active while you are alive versus a Testamentary Trust which becomes active at your death.

When you create a Living Trust, you ensure that your assets will be disbursed efficiently to the people you choose after your death. The big advantage to a Living Trust is that the trust doesn’t have to go through probate court like a will does. Probate can be expensive in attorney and court costs while also causing long and frustrating delays. A Living trust is an arrangement under which one person, called a trustee, holds legal title to the property for another person, called a beneficiary. You can even act as your own Trustee if you’d like. When you create a trust, the titling of assets is changed into the trust’s name, as if it was a living entity. Specific details of your wishes upon death can be provided for in the trust.

But not everyone needs a trust. Transfer of assets at death may be handled through a beneficiary designation on some holdings and investments. If you’re using beneficiary designations, make sure all your paperwork is up to date. For instance, if you get divorced, be sure to remove your ex-spouse as a beneficiary.

For more information about how to plan well for your family’s future, give us a call today.

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Whiteboard Animated Videos for Financial Advisors

Video Transcript

Michael D. Thomas Agency

989-714-5606

http://mdtagency.com/

Are you planning for retirement and wondering how to get the most out of your 401k or other retirement funds?

What many people don’t know is that Life Insurance can provide a wonderful vehicle for a tax-free retirement. Here’s how it works. When you put money into a 401K, you get a tax deduction, and the money grows tax-deferred. When you withdraw the money in retirement, you pay taxes on it. But when you purchase a life insurance policy, it’s different. You don’t receive a tax deduction at first. The money grows tax-deferred, just like a 401K. But when you withdraw the money, it’s tax-free! This could add up to a savings of 400% on taxes over a 30 year period.

To learn more about smart retirement saving strategies, give us a call, or visit our website today.

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Explainer Videos for Financial Services

Video Transcript

Michael D. Thomas Agency

989-714-5606

www.mdtagency.com

The medical profession refers to high blood pressure as the silent killer. In investing, the silent killer is INFLATION. The minimum return on any retirement investment must be at least equal to inflation. Here’s why. Suppose your retirement goal is to withdraw $90,000 per year from your IRA. To maintain your purchasing power you must adjust your withdrawal amount for the inflation factor. That means that to get $90,000 per year at an inflation rate of 3%, your withdrawal amount in year 15 would be $140,217.

Are you on track to managing inflation during your retirement?

To learn more, give us a call today, or visit our website.

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White Board Video for Financial Services

Video Transcript

David Krasnoff – https://www.crpvenice.com/

As life expectancy has grown, your retirement now can last between 20 and 30 years. So Social Security planning is critical, no matter how much money you have. It can make a difference of hundreds of thousands of dollars.

For example, if you retire at age 62 and pass away at age 86, you’ll receive at least 25% less for 24 years. But, if you wait to retire at age 70, you’ll receive 32% more for 16 years. If your retirement income at age 66 was $2,000 per month, this could be a difference of over $200,000 during your lifetime.

Arriving at a decision on when to retire is not easy. If you retire early, it could affect your spouse’s benefits. And wages and other taxable income could cause up to 85% of your Social Security benefits to be exposed to income taxes. Proper planning takes all of these factors into account to determine a Social Security strategy. For instance, a repositioning of assets could reduce taxable income and provide for more reliable monthly income.

With over 500 different combinations of factors affecting benefits, it makes sense to talk to a financial advisor and get it right.

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Financial Advisor Videos

Video Transcript

John Rossitto – IHT Wealth Management

http://www.ihtwealthmanagement.com – (619) 461-1199

As life expectancy has grown, your retirement now can last between 20 and 30 years. So Social Security planning is critical, no matter how much money you have. It can make a difference of hundreds of thousands of dollars.

For example, if you retire at age 62 and pass away at age 86, you’ll receive at least 25% less for 24 years. But, if you wait to retire at age 70, you’ll receive 32% more for 16 years. If your retirement income at age 66 was $2,000 per month, this could be a difference of over $200,000 during your lifetime.

Arriving at a decision on when to retire is not easy. If you retire early, it could affect your spouse’s benefits. And wages and other taxable income could cause up to 85% of your Social Security benefits to be exposed to income taxes. Proper planning takes all of these factors into account to determine a Social Security strategy. For instance, a repositioning of assets could reduce taxable income and provide for more reliable monthly income.

With over 500 different combinations of factors affecting benefits, it makes sense to talk to a financial advisor and get it right.

To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.
http://www.FAClientMachine.com

Financial Advisor Marketing

Video Transcript

John Rossitto – IHT Wealth Management

http://www.ihtwealthmanagement.com –  (619) 461-1199

Too many retirees believe that they don’t have to do any planning in retirement. They spent years saving for their retirement and now they think they can coast. WRONG! There are hidden tax traps waiting for the unsuspecting.

For instance, If you want $75,000 per year in retirement, is that before or after taxes? If it’s after taxes, that could mean withdrawing $90,000 per year before tax. Will your portfolio last for 35 years if you withdraw $90,000 each year adjusted for inflation? After 15 years, to keep your purchasing power of $90,000 at 3% inflation you would need to withdraw $140,217! To find out more about planning during your retirement years, give us a call or visit our website today.

To find out more about how to use videos like this to attract your ideal client through digital marketing on the internet, click here.
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