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Search results “Retirement funds for home purchase”
Can I use Roth IRA for Home Purchase??
 
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Bruce explains the rules to withdrawal from a Roth IRA. For more info on your situation contact us at [email protected] http://www.resourcecenterinc.com/contact-us.html Investing involves risk, including the potential loss of principal. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC, (AEWM). AEWM and The Resource Center are not affiliated companies.
Views: 2943 The Resource Center
What Are the Rules for Withdrawing from an IRA to Buy a Home? | Ask a Fool
 
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In this video as part of The Motley Fool's "Ask a Fool" series, lead advisor to The Motley Fool's Rule Your Retirement service Robert Brokamp takes a question from a Fool reader, who asks, "What are the rules, laws and regulations whereby a first-time home buyer can take a distribution from a Roth IRA to fund a home purchase? And what are the tax implications involved?" Visit us on the web at http://www.fool.com. Subscribe to The Motley Fool's YouTube Channel: http://www.youtube.com/TheMotleyFool Inside The Motley Fool: Check out our Culture Blog! http://culture.fool.com Join our Facebook community: https://www.facebook.com/themotleyfool Follow The Motley Fool on Twitter: https://twitter.com/themotleyfool
Views: 4863 The Motley Fool
Can I Use My IRA to Buy A House - No Money Down #3
 
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Can I Use My IRA to Buy A House - No Money Down #3 http://reinvestortv.com/can-i-use-my-ira-buy-house-no-money/ Is there a way to use your retirement funds to invest in real estate? Is it really a good idea to use real estate investments for retirement funds? Can I pull money out of your 401k to invest in Real Estate? Kris Krohn answers all of these questions in today's video. Join the Fun Facebook: Real Estate Investor TV Twitter: @REInvestorTV LinkedIn: Kris Krohn ============================================================================== Kris Krohn is a real estate investor and the founder of Real Estate Investor TV. Visit this website to learn more about Kris http://reinvestortv.com/ Kris Krohn also established an instructional guide for investors, The Strait Path System, and is the author of The Strait Path to Real Estate Wealth. Unlock your wealth potential! Take yourself to the next level! Join Kris on his 3 day wealth intensive program http://bit.ly/2b2vr8f Kris lives in Orem, Utah, with his wife Kalenn and their four children. ============================================================================= Film by Nate Woodbury http://GoWallaby.com
Views: 4914 Kris Krohn
Buying a house vs. retirement savings
 
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Many people wonder what's more important to prioritize in personal finance: saving to buy a house or saving for retirement? Yahoo Finance's Jeanie Ahn joins CBSN with helpful tips for smarter saving. Subscribe to the "CBSN" Channel HERE: http://bit.ly/1Re2MgS Watch "CBSN" live HERE: http://cbsn.ws/1PlLpZ7 Follow "CBSN" on Instagram HERE: http://bit.ly/1PO0dkx Like "CBSN" on Facebook HERE: http://on.fb.me/1o3Deb4 Follow "CBSN" on Twitter HERE: http://bit.ly/1V4qhIu Get the latest news and best in original reporting from CBS News delivered to your inbox. Subscribe to newsletters HERE: http://cbsn.ws/1RqHw7T Get your news on the go! Download CBS News mobile apps HERE: http://cbsn.ws/1Xb1WC8 Get new episodes of shows you love across devices the next day, stream local news live, and watch full seasons of CBS fan favorites anytime, anywhere with CBS All Access. Try it free! http://bit.ly/1OQA29B --- CBSN is the first digital streaming news network that will allow Internet-connected consumers to watch live, anchored news coverage on their connected TV and other devices. At launch, the network is available 24/7 and makes all of the resources of CBS News available directly on digital platforms with live, anchored coverage 15 hours each weekday. CBSN. Always On.
Views: 9985 CBS News
⚠ WARNING: Buying house with IRA money rules.
 
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Before you use your Roth IRA or traditional IRA to buy a house here are a few specific things you will want to know to avoid the 10% early withdrawal penalty from the IRS. Many know that they can take an early withdrawal to buy a house but one little mistake could cost you an IRS penalty. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Business Affairs 📧[email protected]
Views: 1724 Jazz Wealth Managers
Millennials Dipping Into Retirement Funds for First Home Purchase
 
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About 30 percent of millennial first time home buyers are pulling funds from their 401K, IRA, or borrowing against their retirement funds to afford a down payment, according to a new study.
Views: 127 NewsChannel 5
How your home can be a source of retirement funds
 
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From downsizing to cashing out with a reverse mortgage, your home can be a major source of income in retirement. CBS News business analyst Jill Schlesinger talks about how to protect your house and your equity in retirement.
Views: 1485 CBS News
How to Invest in Real Estate with Your Retirement IRA or 401K
 
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www.freedommentor.com/ira-real-estate-investing Discover what most people will never know about how to invest in real estate using your retirement account, including your 401K or self directed IRA. This is retirement account real estate investing at its best.
Views: 30095 Phil Pustejovsky
How to Buy Your First Rental Property in an IRA | Mark J Kohler | CPA | Attorney
 
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Sign up for my weekly newsletter to download my FREE E-book "The 10 Best Tax-Saving Secrets Everyone Should Know" or schedule a FREE 15 Minute Interview with an Attorney or CPA from my team! Visit http://markjkohler.com/youtube I go through the layout of how to organize your 401k, LLC, and IRA. Then wrap it up with some helpful tips to keep in mind while your looking for your first rental! Follow me on my social media with DAILY and WEEKLY Tips and Blog Articles, and also catch me surfing at http://www.markjkohler.com/social. To purchase my new book: "The Tax and Legal Playbook" please visit the Entrepreneur bookstore here: http://amzn.to/1cWlhor Check out my Law Firm KKOS Lawyers at http://www.kkoslawyers.com Visit my Accounting Firm K&E CPAs at http://www.ke-cpas.com rental property
Views: 34932 Mark J Kohler
Should I Use My Retirement Savings to Buy a Home?
 
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Trevor from Coconut Creek, Florida calls Winning at Life to ask Gregory about using his retirement savings to buy a new house. 03.23.17 http://www.gregoryricks.com
How To Use IRA Money Or Your 401K To Buy Real Estate
 
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When the society tells you to follow a certain game plan, it's only normal that you get swayed but what they say but I'm here to help you breakthrough that broken game plan. In this video, I'm going to teach you how to use IRA money or your 401k to buy real estate. Stay tuned! PARTNER WEBSITE: https://www.kriskrohn.com/partnering Watch and Enjoy! Kris Krohn & Nate Woodbury GET KRIS' FREE BOOK: https://www.kriskrohn.com/youtubefreebook OTHER WAYS TO WORK WITH KRIS... ============================ Join Kris at his next Life-Changing Financial Freedom Event: http://kriskrohn.com/event Mentor with Kris in Real Estate: http://LimitlessMentor.com/TV/ See everything Kris is up to: http://KrisKrohn.com Got Money or Retirement Savings? Learn about Partnering with Kris on Deals: https://www.kriskrohn.com/partnering BOOKS By Kris Krohn ======================== See Kris’ Full Library: https://www.kriskrohn.com/kris-krohn-library Be On Limitless TV ======================== Record your questions on video, and join me in a future episode: http://bit.ly/2yO78c7 MUSIC ======================== Tobu - Infectious https://www.youtube.com/watch?v=ux8-EbW6DUI Artist: https://www.youtube.com/tobuofficial Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0 #RealEstateInvesting #MoneyMindset ======================== Video by: Nate Woodbury - YouTube Producer BeTheHeroStudios.com https://www.youtube.com/c/NateWoodbury EARNINGS DISCLOSURE ======================== Kris Krohn is not in the business of providing personal, financial or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this document. Also, Kris Krohn, this document, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed and certified professionals should be sought. In addition, Kris Krohn does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.
Views: 2380 Kris Krohn
4 ways to invest in real estate with a Roth IRA.
 
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There are almost and endless amount of products you can invest in using a Roth IRA, or really any IRA for that matter. One investment that comes up a lot is Real Estate. What are the different ways you can use a retirement account such as a Roth IRA to invest in real estate? The first way is to simply contribute to a Roth IRA as if it were a savings account. You can take your contributions out later when you choose to purchase the real estate that you want, while leaving any growth in the account for future opportunity or retirement. There is also an exemption to withdrawing from your Roth IRA early which allows you to take money out for a down payment on a house. Another way you can invest in real estate using a Roth IRA is to invest in REIT's. Real estate investment trusts can be a great, exchange traded vehicle to invest in real estate. Some of these REIT's invest in commercial real estate, residential, manufacturing, among others. You could also use an ETF focused on REIT's to accomplish the same investing goals. You could also choose to go the self directed IRA route and manage the process yourself. Though we do not focus on this at jazzWealth, you can certainly invest directly in real estate by being your own custodian of your Roth IRA. Finally you could consider a combination of the above. Maybe you use half of your Roth IRA for a future home purchase, and half you leave for retirement. As your wealth manager we can spit your Roth IRA into different goals and invest according to those goals. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments and, using NestEgg we can help you with every penny! ---Ready to subscribe--- https://www.youtube.com/jazzwealth?sub_confirmation=1 For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook https://www.facebook.com/JazzWealth/ --- Twitter @jazzWealth Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 4335 Jazz Wealth Managers
Should You Use Your Roth IRA to Buy a Home?
 
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Should You Use Your Roth IRA to Buy a Home? Subscribe today to stay up to date with our latest shows and highlight videos: https://goo.gl/7XrGvj Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info : https://goo.gl/cGsH44 Are you ready to go beyond common sense when it comes to your money? Check out all the resources The Money Guy Show provides: https://goo.gl/pPiLm6
Views: 1086 The Money Guy Show
How I Bought MY FIRST HOUSE and became FINANCIALLY INDEPENDENT at 25!
 
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If your parents are like me, you have been told, ‘Beta, get a job after graduation and be loyal to one company until you retire.’ And the only financial advice you got from them is how to write a check. With this golden knowledge, at the age of 21, I became a Software Engineer, at an I.T company that was paying me peanuts. Money was bad, salary hike was almost zero, work was pathetic and my growth was stagnant. Every month my salary would barely survive the end of the month. But a girl needs money. To study further, to travel, to buy a house, to save for emergency, to save for retirement. But most importantly, I needed money because I wanted to make my own life decisions. All of us worry about gender equality, but that will come only after we first become financially independent. And a 9 to 7 job is not going to get you that independence. And yet, I am the only one in the family who got a house before I turned 25. And for that you don’t have to work for 10 hours every day. You have to make smart financial decisions. And trust me, this is something that every girl should know. It not only helps your career, but it also changes the dynamics of any relationship that you are in. Be it mother, wife, daughter. Because you will not be considered a ‘dependent’ anymore. So girls, no matter if you are 20, 30 or 40, by the end of this video, I will tell you how even if you have low income, more responsibilities, debt, taxes, you can still start investing now. Because it’s not about how much money you earn. It’s about what you do with it. ************************************************************************************* STOCK MARKET BASICS: Stock Market for Beginners: https://youtu.be/x0G4WtO0LCQ How to Open your DEMAT Account Online: https://youtu.be/t9OICNhilAA Register Your Zerodha Account here: http://bit.ly/TUF-Zerodha Register and Pay Rs. 300/- and get 7 TRADING & INVESTMENT EDUCATIONAL COURSES WORTH Rs. 31,500/- for FREE! You will receive the courses within 24-48 hrs after you finish the registration process. If you still haven't received it, then enter your details here and Zerodha team will contact and send you the courses: https://forms.gle/w96vGfAxJGWaXhtv7 ************************************************************************************* KEEP IN TOUCH: Facebook: https://www.facebook.com/TheUrbanFight/ Instagram: https://www.instagram.com/theurbanfight/ #TheUrbanFight #FinanceForLadies #HowToGetYourDreamHouse #HowToBuyYourOwnHouse #HowToMakeMoreMoney #HowToGetRich #HowToBuyHouse
Views: 1330073 The Urban Fight
Buy real estate with IRA?
 
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Can you buy real estate with your IRA or use your 401k? Today we look at the possibilities and the process. -- Retirement investing tips: http://www.jazzwealth.com/4-retirement-investing-mistakes.html -- Add gold to your IRA: http://www.jazzwealth.com/easy-way-to-add-gold-to-your-ira.html Facebook https://www.facebook.com/JazzWealth/ Website www.jazzwealth.com Twitter https://twitter.com/JazzWealth Google+ http://tinyurl.com/z4frbp3 Blogger http://askjazzwealth.blogspot.com/ LinkedIn https://www.linkedin.com/in/dustinray... Tumblr https://www.tumblr.com/blog/jazzwealt... Instagram https://www.instagram.com/jazzwealth/ Daily Motion http://www.dailymotion.com/jazz-wealth Slideshare http://www.slideshare.net/DustinTibbitts LiveJournal http://jazzwealth.livejournal.com/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Should You Use Retirement Funds to Buy a House?
 
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Want to know if you should use your retirement funds to buy a house? Borrowing from a 401(k) to buy a house can be a bad move. But the truth is you can borrow all you want for lots of things in life, except for your retirement. Ilyce Glink explains more on today's Real Estate Minute.
Views: 34 realestateminutes
Investing & Retirement Funds : How to Invest Money Into Homes
 
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Invest money into homes by purchasing a house or property in an up-and-coming neighborhood that has room for improvement. Use real estate as a sound investment that will almost certainly rise in value with tips from an investment portfolio manager in this free video on investing and personal finance. Expert: Gregory Bramwell-Smith Bio: Gregory Bramwell-Smith is the relationship and portfolio manager at Bramwell-Smith Associates. Filmmaker: David Pakman
Views: 75 ehowfinance
Buy a House or Catch up on Retirement Savings? | Afford Anything Podcast (Audio-Only)
 
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Imagine that your job is extremely well-paying, but you don’t enjoy it. You’d like to switch employers, even though this will probably require a paycut. But before you make the switch, you want to accomplish two goals: buy a home and catch up on retirement savings. Should you pursue both goals? Or should you defer the home purchase, given the potential future paycut? If you decide to pursue both goals, which one should come first? This is one of the five questions that former financial planner Joe Saul-Sehy and I answer in this week’s podcast episode. We also answer a question from a listener who’s self-employed and wants to contribute more to his retirement accounts. We talk to another listener who’s living on $600 monthly paychecks while maxing out his Mega Backdoor Roth contributions. We talk to a 22-year-old with an $80,000 salary who’s debating between paying off her student loans vs. investing. And we answer a question from a listener who’s wondering what she should do with 401k accounts from previous employers. Enjoy! _________________ Full show notes & resources mentioned: https://affordanything.com/episode177 Subscribe via iTunes: https://affordanything.com/itunes
Views: 3422 Afford Anything
Early withdrawals from your Roth IRA with no penalty
 
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Hey things happen and you may need to withdrawal money from your Roth IRA. Here are a few tips to make sure you don't have to pay a penalty or taxes. --- Roth IRA 2017 Rules and guide: http://www.jazzwealth.com/2017-roth-ira-info.html --- 2017 Traditional IRA Info: http://www.jazzwealth.com/2017-traditional-ira-rules-and-guidelines.html Facebook https://www.facebook.com/JazzWealth/ Website www.jazzwealth.com Twitter https://twitter.com/JazzWealth Google+ http://tinyurl.com/z4frbp3 Blogger http://askjazzwealth.blogspot.com/ LinkedIn https://www.linkedin.com/in/dustinray... Tumblr https://www.tumblr.com/blog/jazzwealt... Instagram https://www.instagram.com/jazzwealth/ Daily Motion http://www.dailymotion.com/jazz-wealth Slideshare http://www.slideshare.net/DustinTibbitts LiveJournal http://jazzwealth.livejournal.com/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 8792 Jazz Wealth Managers
Can I Buy Real Estate in an IRA?
 
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Lots of people are interested in owning property in their individual retirement account (IRA). It is possible, but in this video, "Big Al" Clopine, CPA offers six points you might want to consider first. 1. You can't have a mortgage in an IRA 2. You cannot work on the property yourself 3. There are no tax benefits 4. You must pay all your property taxes in the IRA 5. No personal use is allowed 6. RMDs must be taken from real estate in your IRA If you would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” http://bit.ly/2FDSfK2 Channels & show times: http://yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Can I use funds from a 401k or IRA to help purchase a home?
 
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Discussion on withdrawing funds to apply towards home purchase, with Shane Abernathy, financial advisor with IPI, Inc.
Views: 43 Melody Rackley
Roth IRA Early Withdrawal Rules
 
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Check out our new blog https://www.theincrediblepenny.com ℹ️ Get help with your financial life. https://travissickle_youtube1.gr8.com/👈 💰💰💰 💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰💰 Roth IRA Early Withdrawal Rules How to access your Roth IRA before retirement. You can use the Roth IRA for college education planning, first home purchase and much more. We are covering the basics of accessing your Roth IRA before age 59.5. Roth IRA early withdrawal benefits - Contributions can be taken out tax and penalty free. - First time home buyer up to $10,000 lifetime limit. - College savings but the growth is taxable. - 5 year rule 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 Try out our financial planning tool today. https://travissickle_youtube1.gr8.com/ About Travis Sickle: https://www.sicklehunter.com/travis-t... twitter: @travissickle Instagram: https://www.instagram.com/travistsickle/ Company Website: https://www.sicklehunter.com twitter: @travissickle facebook: https://www.facebook.com/SickleHunterFA/ Travis Sickle CERTIFIED FINANCIAL PLANNER™ Sickle Hunter Financial Advisors 620 E Twiggs Street Suite 304 Tampa, FL 33609 TRAVIS T SICKLE, CFP®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™
How to Catch Up on Your Lack of Retirement Savings
 
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Discover how to catch up on your lack of retirement savings using commercial real estate. In this video, you'll learn how one of Peter's Proteges, Jim, was able to purchase his first commercial property and earn $2,400 per month, investing only $60,000 upfront for the investment as well as creating an additional $400,000 in equity. And the very same process and formula that Jim used, can be repeated by anyone who watches this video!
How to Save for Retirement - Grant Cardone
 
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Subscribe and Comment to win a coaching session with Grant Cardone and learn how to Double your income. The Only Way to Double Your Income by Grant Cardone The average income in America is $52,000 a year. The only way to jack that up is through sales. If you are getting paid 50K right now they are either ripping you off or you're just not worth 100K to anybody. The only way to go from 50 to 100 in a year is through sales. To Learn more about growing your finances, get your FREE Millionaire Booklet here: http://millionairebooklet.com/free ---- ►Where to follow and listen to Uncle G: Instagram: https://www.instagram.com/grantcardone Facebook: https://www.facebook.com/grantcardonefan SnapChat:  https://www.snapchat.com/add/grantcardone. Twitter: https://twitter.com/GrantCardone Website: http://www.grantcardonetv.com Products: http://www.grantcardone.com LinkedIn: https://www.linkedin.com/in/grantcardone/ iTunes: https://itunes.apple.com/us/podcast/cardone-zone/id825614458 ---- Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and… ► Subscribe to My Channel: https://www.youtube.com/user/GrantCardone?sub_confirmation=1 -- Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance.  His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters. #business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation Our offerings under Rule 506(c) are for accredited investors only. FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at https://cardonecapital.com/offering-1
Views: 15343 Grant Cardone
IRA for Down Payment?
 
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Are IRA Funds Available For Home Down Payments? What Are The Rules
Views: 26 Shane Willis
IRA Withdrawal - IRA Withdrawals
 
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What are ira withdrawals – What is an ira withdrawal? http://www.RetireSharp.com 1-800-566-1002. What are the best type of ira withdrawals for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to take an ira withdrawal from their accounts. IRA Withdrawal Rules and Exceptions - Key Information You Need to Know There are many situations in which you may need to withdraw some of your retirement savings for immediate needs, and there are endless reasons that you may want to do this. Unfortunately, the IRA withdrawal rules forbid any money being taken out unless you have reached age 59 and a half. Of course, if you really want to go ahead and take an early partial withdrawal you can do so, but you will be facing rather harsh penalties from the Internal Revenue Service. The first penalty is a ten-percent charge on the total amount of the early withdrawal. In addition, you will also be penalized with a bill for any taxes due on the portion of the savings you withdrew. Together, these penalties make an early withdrawal very harmful to your IRA balance. In many cases, you will be giving up much more money than what you originally planned to withdrawal, and unless it is a truly urgent situation, it is advised that you wait until you have matured to the proper age to receive disbursements. There are, however, a couple exceptions to the IRA withdrawal rules. Higher Education The most often-used exception to early withdrawal is to fund higher learning for you, a spouse, child, or grandchild. Most colleges, universities, and vocational schools will qualify for IRA withdrawals-as long as the school is accredited and meets certain guidelines for federal student loans. It does not matter if it is a public or private school, as long as it meets the loan guidelines. Besides using the early withdrawal for tuition expenses, it can also be used toward other supplies, such as books and any special equipment needed for your area of study. If the covered student attends the school at least half time, it is also acceptable to use your withdrawal funds for living expenses such as rent and bills. Certain expenses that are unique to a special-needs student can also pass IRS approval and be paid for with your IRA withdrawal. Your First Home There are exemptions in the IRA withdrawal rules that allow you to use a certain amount of your retirement money toward the purchase of your first home. Technically, it doesn't even have to be your very first home purchase. As long as you have not owned a primary residence within the last two years, you will qualify as a first-time home buyer and be granted up to $10,000 of your IRA funds towards the purchase. If you are married, you can both borrow that amount from your individual IRAs and put it towards the purchase of a single home. Even more lenient yet, these funds can be used for your children or grandchildren's first homes as well. You will need to time your withdrawal so that you can honor one last set of IRA withdrawal rules: From the date you take the withdrawal, you will have only four months to use the money toward the approved expenses. This includes closing on or building your new home, so make sure to take it out when you are close to the final steps of the process. Feel free to subscribe to our YouTube channel and receive instant access on different retirement related topics. Thanks for watching! Related Search terms: ira retirement withdrawal Traditional ira withdrawals Roth ira withdrawal Best ira withdrawal Ira withdrawals for dummies Ira withdrawal for beginners Ira withdrawal 101 What I need to know about ira withdrawals for retirement income https://www.youtube.com/watch?v=uNVB6BoApQ4
Views: 9010 retiresharp
The Tax Impact of IRA Withdrawal for a First Time Home Buyer
 
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The Tax Impact of IRA Withdrawal for a First Time Home Buyer. Part of the series: Retirement Planning. Using a traditional IRA for a first time home buyer has certain tax implications that go along with it. Learn the tax impact of IRA withdrawal for a first time home buyer with help from the president and CEO of Smart401k in this free video clip. Read more: http://www.ehow.com/video_12189544_tax-impact-ira-withdrawal-first-time-home-buyer.html
Views: 534 ehowfinance
Should I Use Retirement Savings for a Down Payment? | Podcast | Audio-Only
 
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This excerpt comes from an “Ask Paula” episode of the Afford Anything podcast. A listener in the Midwest asks: I’m a 37-year-old single woman living in the Midwest. I live in a one-bedroom with my 5-year-old son. I bring home $3,800 per month. My rent is $1,150 and my son's preschool is $700 per month. I have $40,000 in retirement savings and a $3,000 emergency fund. I don’t want to be making rent payments in retirement. Should I take $20,000 from my 401k to make a downpayment on a rental property? Listen to the full episode at http://affordanything.com/episode104 Have a question you want answered? Submit it here: http://affordanything.com/voicemail
Views: 1000 Afford Anything
How To Withdraw Retirement Funds: 401(k) distributions
 
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How do you take money out of your 401(k)? Well. You need to have a qualifying event. This video highlights those qualifying events and has a brief overview of the tax implications of taking money out of your 401(k). ====================== My industry is so regulated that I’m jumping through hoops to get the comment section opened up. In the meantime – like & subscribe if you like what you see and email me your thoughts and questions. [email protected] ====================== Liz & Pleasant Wealth Links ====================== Email me: [email protected] Website: https://www.pleasantwealth.com Facebook: https://www.facebook.com/pleasantwealth Etsy Shop: https://www.etsy.com/shop/YourMoneyStory {For fun} Pinterest: https://www.pinterest.com/elizabethka... Obligatory disclaimers: Anyone considering a 401(k) in-service distribution should refer to the plan document, which specifies whether an in-service distribution provision is available and the conditions under which a participant may take an in-service distribution. It is important to consult IRS guidelines and/or a financial professional prior to initiating an in-service distribution. Certain tax and/or penalties may be levied on the amount withdrawn depending on the specifics of the distribution. Securities offered through The O.N. Equity Sales Company, Member FINRA/SIPC. One Financial Way, Cincinnati, OH 45242. (513) 794-6794. Investment Advisory services offered through O.N. Investment Management Company and Hummel Wealth Management, LLC. Hummel Wealth Management, LLC is not affiliated with The O.N. Equity Sales Company or O.N. Investment Management Company.
Views: 2909 Liz Hand
Lies You've Been Told About Saving For Retirement (401k, IRA, House)
 
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Free Training To A Brand New High-End Career (limited time only 2018) https://www.besthighendcareer.com/webinar You've been told to put money in a 401k, but do you know the average return? What's the difference between a 401k, IRA, and trading stocks? Is a home a better investment than 401k or IRA? Article that agrees that in real life, you'll get about a 5% return on 401k's http://www.interest.com/401k/news/kin... James Altucher says that you shouldn't buy a house at all: http://www.jamesaltucher.com/2011/03/... The #1 internship marketplace exclusively for college students and new grads ➡ http://www.wayup.com/refer/engineered... ⬅ https://Facebook.com/EngineeredTruth https://Twitter.com/EngineeredTruth https://www.instagram.com/EngineeredtTruth/
Views: 359130 ENGINEERED TRUTH
Can You Purchase A Home Using Your Roth IRA?
 
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For more information visit our blog post: https://www.resourcecenterinc.com/purchasing-a-home-using-your-roth-ira/ www.resourcecenterinc.com, 417-882-1800 1304 E Kingsley St Springfield, MO 65804 Bruce Porter cannot provide tax or legal advice. Please consult a qualified professional before making any purchasing decisions. Investing involves risk, including the potential loss of principal. Any references to [protection benefits, safety, security, lifetime income, etc ] generally refer to fixed insurance products, never securities or investment products. Insurance and annuity product guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. 740229
IRA Real Estate Investing, Is It a Good Idea?
 
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Is IRA real estate investing a good idea? 🤔 In this video we will discuss 7 key points to consider when deciding if buying that house with your IRA is the really the best way to invest your hard-earned money. 💵💵 The 7 key points include: 1. Your IRA Cannot Purchase Property Owned by You or a Disqualified Person. 2. You Cannot Have “Indirect Benefits” from Property Owned by Your Self-Directed IRA. 3. Titling Your IRA - You and your IRA are two separate entities. As such the investment needs to be titled in the name of your IRA—not to you personally. All documents related to the investment must be titled correctly to avoid delays. 4. Real Estate in an IRA Can be Purchased without 100% Funding from Your IRA. 5. IRA Investments that use Financing Must Pay UBIT 6. Expenses Must Be Paid from Your IRA. 7. Real Estate IRA Income Must Return to Your IRA Other things to consider: ✅ Rental income may fall under UBTI which can cause other headaches - Unrelated Business Income Tax ✅ The IRA owner is unlikely to be able to recognize taxable losses in the IRA ✅ The IRA owner is unlikely to be able to take depreciation expense ✅ The IRA owner may have to recognize taxable income, even when the real estate is in an IRA ✅ You may be turning long-term capital gains into ordinary income ✅ Per IRS requirements, the IRA must valued each year by 12/31, requiring an appraisal fee each year – which must come from the IRA. "Education is the Key to a Successful Financial Future" Subscribe today so you don't miss an update! https://www.youtube.com/channel/UClwtLInqEcotvIiZ5ABHYIQ ⏱To schedule an appointment just click the link: https://meetme.so/LoftusWealth Share this video with a friend: ✉️ If you have questions or would like to see a video on a certain topic email us at [email protected] https://www.investopedia.com/articles/personal-finance/111615/using-your-ira-buy-investment-property.asp bankrate.com/calculators/savings/compound-savings-calculator-tool.aspx [4/26/18] Loftus Wealth Strategies Michael P. Loftus http://www.loftuswealthstrategies.com/ Check us out on social media! ✅ FACEBOOK - https://www.facebook.com/loftuswealth... ✅ TWITTER- https://twitter.com/mpllws ✅ LINKEDIN - https://www.linkedin.com/in/mloftus28 Not ready for retirement but want to feel confident that when you get there you'll be able to enjoy it? We are now offering our financial planning service for only $999! This is a great offer and a small price to pay for peace of mind. 🔗 https://www.loftuswealthstrategies.com/financial-plan FEAR & GREED http://money.cnn.com/data/fear-and-gr... Check out our KIT page to learn what equipment we use for our videos 📷 https://kit.com/search?term=djwedge28 -~-~~-~~~-~~-~- Please watch: "What Happens to My Digital Assets When I Die?" https://www.youtube.com/watch?v=zZKw3ojoL2g -~-~~-~~~-~~-~-
Views: 8865 Wealth and Wisdom
59 1/2 Rule IRA: After Age 59 1/2, Can I Use SEP Funds To Buy Personal Residence?
 
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After Age 59 1/2, Can I Use My SEP Retirement Funds To Purchase Personal Residence? Terry White, CEO of Sunwest Trust, answers this question in today's Vlog. Interested in opening a self directed SEP, visit https://www.SunwestTrust.com. This week’s question is from Jill who wrote to us and asked if it is allowable to take money from her husband’s Simplified Employee Pension (SEP) plan retirement account now that they are both over the age of 59 ½ to purchase a retirement home to live in today. Yes, you certainly can withdrawal the money to make the home purchase and under these circumstances the 59 ½ rule applies. This rule allows plan owners to withdraw money from their SEP retirement account without paying the 10% penalty for early withdrawal. However, you will have to pay taxes on the SEP withdrawal as it will become part of your adjusted gross income for the year. If you have specific questions about withdrawing from your retirement account or the 59 ½ rule, leave us a note in the comments below and we will do our best to answer you and possibly include your question in an upcoming video. Enjoy and Share our video liberally. https://youtu.be/1xtrRXbZpFg Thanks for watching! The Q & A is a weekly feature, and anyone can put up any investment related question for Terry in the comments below. Please be sure to visit our website for more videos and other features. As always be sure to contact a CPA or a tax professional with any personal financial or legal questions you may have. For more great videos about managing your IRA or SEP with Sunwest Trust, click the subscribe button above. You can also visit our website, https://www.SunwestTrust.com, for more information on how our products and services can help you meet your financial goals. Don't forget to subscribe to the Sunwest Trust YT Channel Follow Us: https://www.facebook.com/SunwestTrust https://twitter.com/sunwesttrustira Are you interested in learning more about opening a self directed IRA, then watch this: https://www.youtube.com/watch?v=05pXLGc-cCQ
Views: 1345 sunwestira
Using Retirement Funds to Purchase Real Estate
 
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Clear explanation of how a contributor can use IRA and 401(k) funds to purchase real estate or assist with closing costs. Differences berween traditional and Roth accounts are presented. The video also discusses first-time homeowner programs and 401(k) loans. Learn how a self-directed plan allows you to invest in real estate rather than stocks and bonds.
Views: 187 Pat O'Connor
Retirement Plans: Last Week Tonight with John Oliver (HBO)
 
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Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
Views: 12822373 LastWeekTonight
Saving for Retirement - Grant Cardone
 
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Subscribe and Comment to win a chance at getting a private financial planning for retirement session with Grant Cardone Cardone Zone: Saving For Retirement...Your mom told you to save for a rainy day and that a penny saved is a penny earned. If you’ve never been taught to make money, being taught to save money is kind of stupid. You’ve been taught that you must start saving early, but what are you even saving for? Should you send your money to people you don’t know to diversify? People that actually make it put a big bet on one thing. Finances are about playing offense. Who’s got your money? You need to make so much money that you can’t spend it all. When I make money I get rid of it as fast as I can because money gets bored. Don’t stick your money in an IRA, concentrate on investing in yourself so that you can begin to increase your income. To Learn more about growing your finances, get your FREE Millionaire Booklet here: http://millionairebooklet.com/free ---- ►Where to follow and listen to Uncle G: Instagram: https://www.instagram.com/grantcardone Facebook: https://www.facebook.com/grantcardonefan SnapChat:  https://www.snapchat.com/add/grantcardone. Twitter: https://twitter.com/GrantCardone Website: http://www.grantcardonetv.com Products: http://www.grantcardone.com LinkedIn: https://www.linkedin.com/in/grantcardone/ iTunes: https://itunes.apple.com/us/podcast/cardone-zone/id825614458 ---- Thank you for watching this video—Please Share it. I like to read comments so please leave a comment and… ► Subscribe to My Channel: https://www.youtube.com/user/GrantCardone?sub_confirmation=1 -- Grant Cardone is a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media, and finance.  His 5 privately held companies have annual revenues exceeding $100 million. Forbes named Mr. Cardone #1 of the "25 Marketing Influencers to Watch in 2017". Grant’s straight-shooting viewpoints on the economy, the middle class, and business have made him a valuable resource for media seeking commentary and insights on real topics that matter. He regularly appears on Fox News, Fox Business, CNBC, and MSNBC, and writes for Forbes, Success Magazine, Business Insider, Entrepreneur.com, and the Huffington Post. He urges his followers and clients to make success their duty, responsibility, and obligation. He currently resides in South Florida with his wife and two daughters. #business #realestate #investing #GrantCardone #10XRule #SalesTraining #SalesMotivation Our offerings under Rule 506(c) are for accredited investors only. FOR OUR CURRENT REGULATION A OFFERING, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(D)(2)(I)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO WWW.INVESTOR.GOV. For our anticipated Regulation A offering, until such time that the Offering Statement is qualified by the SEC, no money or consideration is being solicited, and if sent in response prior to qualification, such money will not be accepted. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. Any offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of its acceptance given after the qualification date. A person's indication of interest involves no obligation or commitment of any kind. Our Offering Circular, which is part of the Offering Statement, may be found at https://cardonecapital.com/offering-1
Views: 18113 Grant Cardone
How to Buy a House with your IRA and Non-Recourse Loan without paying taxes on the Withdrawal.
 
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You can Buy a House with your IRA and get a non-recourse loan without paying taxes on the withdrawal. That's because you are not taking the money out. You are purchasing the house and the owner will be your IRA!
Home Storage Gold IRA Myth Exposed - Buyer Beware
 
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Home Storage Gold IRA Myth Exposed - Buyer Beware - Watch This Video Before Attempting to Store IRA Gold At Home! https://www.sunwesttrust.com/gold-ira-home-storage/ [0:21] What’s misleading about the article, “Gold and Silver IRA: You Hold the Metal”? [0:40] Creating an LLC to be funded from your IRA is legitimate, but storing gold at home in an IRA is ill-advised. [1:09] The IRS code says your gold must be held by a bank. What defines a “bank”? [1:38] Why is Terry further expresses concerned about this article? [2:05] An IRA-owned LLC may be able to open a safety deposit box in a bank to store precious metals. [2:52] If you’re not careful when reading the article, you may be misled into thinking you can keep the precious metals in your home as part of a gold IRA home storage. [3:26] Get your copy of The Self Directed IRA Handbook by opening a new account with Sunwest Trust! Can I accept home delivery of precious metals on behalf of my IRA and self-store either the physical gold or silver at home? For the answer to this question, watch this episode. I use Google Alerts, & I receive articles from the Internet w/ various keywords. One of the articles I received was an article entitled: Gold & Silver IRA, You Hold the Metal. This particular article talks about of starting an IRA LLC (single member LLC) & funding the LLC from your IRA, which is legitimate. The idea of setting up a self directed IRA LLC is addressed in Chapter 13 of a book we provide to you when you set up a new account, The Self Directed IRA Handbook. First, Chapter 12 talks about the kinds of metals that you can buy in your IRA and where those metals have to be stored. In Chapter 12, Mat discusses Internal Revenue Code Section 408(m) (3) (B). And Mat says I quote, “your gold or your precious metals must be held specifically by a bank, and the term bank is defined in the code including a national or state chartered bank, credit union as well as a state charter trust company as defined in IRC Section 408(m).” The one thing that I’m concerned about the article, Gold and Silver IRA, You Hold the Metal, is it leads people to believe that you can start this IRA LLC and then buy metal and potentially put it under your mattress or store the precious metals at home. However, I don’t think home storage of your gold or silver is going to comply with the Internal Revenue Code. In Chapter 13 of The Self Directed IRA Handbook, Mat discusses that an IRA LLC may obtain a safe deposit box with the financial institution in the name of the LLC, and such safe deposit box may store acceptable precious metals. The IRA’s LLC own safe deposit box would most likely meet the storage requirements of IRC section 408(m) (3) (B) for IRAs as the deposit box is that of a financial institution (meaning a bank). This form of [gold IRA] storage; however, has not been addressed specifically by the IRS, the DOL, or the courts, but it is a reasonable application of the storage requirements. Storage at the office address of the IRA LLC would not meet the [gold IRA] storage requirement rules for the precious metals.” If you’re not careful and just read the original article, Gold and Silver IRA, You Hold the Metal, it might lead you to believe you could form an LLC, fund the LLC with your IRA, which again is a legitimate strategy, but then you could buy metals and bury your gold in your IRA account in backyard or put the metals under your mattress. According to Mat Sorensen, & I agree gold IRA home storage would not meet the requirements of Section 408 of the Internal Revenue Code. Be careful & as a way for us to help you in guiding you through these complicated gold IRA rules and so that the things that you read on the internet you have a resource, we make available The Self Directed IRA Handbook was written by Mat Sorensen, who’s an Attorney-at-law in Arizona. You can request the book at our website https://www.SunwestTrust.com * home storage gold ira rules * storing gold ira at home * gold ira home storage * home storage gold ira legal * ira gold home storage * gold home storage ira * home storage gold ira reviews * home gold ira storage * home storage gold ira legit * home storage gold ira * storing gold in ira at home * self directed home storage gold ira * storing ira gold at home * home storage ira * gold ira bullion home storage * store gold at home in a checkbook ira * home storage gold ira legit * ira llc gold home storage * gold home storage ira llc * home storage gold ira llc reviews * home storage gold ira llc * self directed home storage gold ira llc * home gold ira llc storage * store gold at home in a ira llc * storing gold in ira llc at home * gold ira llc home storage * gold ira llc bullion home storage * storing ira llc gold at home Thanks for watching. If you would like to set up your gold self directed IRA, then reach out to Sunwest Trust.
Views: 20414 sunwestira
Roth IRA - early withdrawal rules.
 
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We manage your retirement investments for as little as $9 a month and never have any hidden fees or sales commissions. Join us today @ www.jazzwealth.com Facebook https://www.facebook.com/JazzWealth/ Instagram https://www.instagram.com/jazzwealth/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 8702 Jazz Wealth Managers
How to Use Your Self-Directed IRA to Invest in Real Estate
 
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In this webinar we will discuss how you can invest in real estate for your retirement. Through self-directed IRA you can purchase real estate and build your retirement nest egg substantially. In addition to stock and cash investment for retirement, we will introduce you to other allowable methods.
Use a Roth IRA for short term savings?
 
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You dont always have to be investing for retirement. Many of us lack the commitment to invest for retirement given that it is so far in the future. Using a Roth IRA, many of our clients have short term goals in mind for that vehicle. A home purchase, returning to school, or other plans in the short term are a great reason to choose the Roth IRA. We are a wealth management firm that specializes in improving on the traditional buy and hold approach. To use a simple analogy, we do this by treating ones retirement investments as if they were real estate. For more information call us at 727.492.0314 or visit www.JazzWealth.com Facebook https://www.facebook.com/JazzWealth/ Investment related questions 📧 [email protected] Business Affairs 📧[email protected]
Views: 3471 Jazz Wealth Managers
Can I Use Retirement Funds for Down Payment ?
 
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https://queenofmortgages.com Markita Woods explains the pro's and con's of using retirement funds for a down payment when buying a home. FHA Loans VA Loans Markita Woods nmls#190699
How Are IRA Withdrawals Taxed?
 
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In this week's countdown question, Joe answers a viewer's question about taxes on IRA (individual retirement account) withdrawals. Find out how they are taxed and if there are any loopholes around it. Transcription: 0:16 "I have two boys, and I would like to help at least one of them buy a house. If I take money out of my IRA (individual retirement account), will I be taxed on that? 0:40 "If you take money out of your IRA and you're over 59 1/2, yes you will be taxed even though you're purchasing a home" 0:55 "There's no way around the taxation on an IRA. Even if you're disabled or you die, there is no way around the taxation of an individual retirement account. It's a pre-taxed account that grows 100% tax-deferred when you pull that money out it will be taxed at ordinary income" 1:18 "You want to look at your tax bracket to make sure you don't push yourself into a giant bracket when buying a house" If you live in southern California and would like to schedule a free assessment with one of our CFP® professionals, click here: https://purefinancial.com/lp/free-assessment/ Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: yourmoneyyourwealth.com https://purefinancial.com IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with their tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended as individualized advice or a guarantee that you will achieve a desired result. Before implementing any strategies discussed you should consult your tax and financial advisors.
Roth IRA to purchase LAND and Homes
 
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http://www.MrLandman.me Land purchase $500 sold for $5,000 Land purchase $18,000 sold for $40,000 Home purchase $30,000 sold for $38,000 plus $16,000 in Rents Home purchase $33,000 sold for $83,000 If I can do it you can do it too! http://www.MrLandman.me
Views: 70 Mr Land Man
House Loan Trap |  Want To Buy Your Dream House | Home Loan| Bank Loan| Loan Trap| Zorba The Zen
 
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#zobrathezen #spritualguru #puneetjindal #moneytips In This Video Zorba The Zen is telling about Want To Buy Your Dream House | Home Loan | Bank loan | Loan Trap | Debt Trap | Money Tips |Buying Vs Renting | Zorba The Zen About The Channel- 'Zorba The Zen’ is a channel run with the sole purpose of helping people to gain skills for achieving success in life. It highlights ways to improve concentration, develop positive attitude and achieve goals through short motivational stories, meditation techniques, spiritual talks and life advices. We specifically aim to help students and people who are disheartened or demotivated in life by guiding them through positivity, self-improvement and rejuvenating their mind-set. About the Speaker- " Mr. Puneet Jindal is the Chief Marketing Officer & Chief Operating Officer at AAFT University of Media and Arts. He has also been chairing Marwah Studios, Radio Noida, Asian Education Group (AEG), AAFT, Noida as CMO & COO since 2012 " . He has trained more than 1 million people through his fruitful and powerful motivational sessions on topics like Meditation, Financial Freedom, Study Tips, Business Tips, Money Tips and more. To Know More: AAFT University of Media and Arts - http://aaft.edu.in AAFT School Noida - http://aaft.com To View more videos form our channels visit & Subscribes. https://www.youtube.com/channel/UCClq...
Views: 230890 Zorba The Zen
How to Avoid the IRA Early Withdrawal Penalty
 
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Scroll down for a transcript of this video! This video is sponsored by the Free Optimal Retirement Planner, a unique free retirement calculator for understanding the implications of your current financial circumstances, and future decisions, on your retirement. If you want to know: What you can expect from your money at retirement How to optimize the withdrawal of your funds at withdrawal to maximize your income How your current decisions will affect your later years Visit the Free Optimal Retirement Planner at http://www.incomeretirementcalculator.com and learn more. It is comprehensive, confidential and free! Transcript of video... Most IRA holders recognize that they can earn penalty fees when they take on an untimely distribution. Nevertheless, there are a number of exemptions available under certain circumstances. It goes without saying that one must always avoid obtaining retirement account distributions prematurely unless the need is critical. By deciding upon an adversity withdrawal, one loses tax exempt compounding for all of the withdrawn funds, which could turn out to be worth a lot of money to help you finance retirement. However, if a person must take a premature distribution, here are some scenarios that will nullify the actual penalties. Paying College Costs -- College education can be costly. However, higher education costs for children, grandchildren, or evan a spouse can be taken from IRA funds without penalty. Passing away of the IRA Owner -- Even though this may seem a minor consideration in view of an unfortunate death, if you pass away before you turn 59 ½ and an authorized person withdraws from your IRA, the estate is not going to be penalized. Incapacity of the IRA Possessor -- The money can be distributed free of penalty expenses if the IRA holder becomes permanently impaired. First-Time Residential Purchase -- While there's a lifetime limitation of $10,000; this unique exception may make it simpler for an IRA holder to invest in a house. Non-Reimbursed Medical Charges - In case of serious injury or severe illness necessitating expensive and prolonged treatment, the early distribution fee will be waived, provided the bills are greater than 7.5% of your taxable income. Health Care insurance Premiums -- If you become unemployed, you will not end up being charged a penalty if you use your own retirement funds to cover helath insurance, provided that you have been unemployed for more than 12 weeks. Pay Back Income taxes to the IRS. If a levy is put against an Individual Retirement Account, this fortuitous exemption could possibly save a person a significant amount of cash and emotional stress. IRA Owner Turns 59 ½ Years old. The greatest way to make the most of an IRA withdrawal is usually to hang on for 59 ½ years. Whether you might be maintaining a standard IRA or a Roth IRA, you will need to be alert to a condition related to the exceptions; there is a 5 year waiting period until the owner becomes eligible for making withdrawals, which is calculated not in calendar years, but by employing tax years. By way of example, an investor can not deposit $3,000 in a retirement living account this present year and dispense it next year without penalty, notwithstanding it would otherwise meet the criteria for an exemption.
Views: 6982 optimalretirement
Should I Use My Retirement Funds To Pay Off Debt?
 
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Should I Use My Retirement Funds To Pay Off Debt? Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj Become a Channel Member today: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw/join Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!
Views: 18183 The Dave Ramsey Show
10 Years in School & Behind on Retirement Savings - What to Do? | Afford Anything Podcast (Audio)
 
01:00:22
Lori is behind on retirement savings, as a result of being a full-time student for more than a decade. She makes good money and lives frugally, but she’s aware that she’s behind for her age. What should she do? Sierra wonders whether she should apply her savings towards paying off her mortgage or building investments. Jenessa plans to retire at age 35, and she’s wondering if the 4 percent withdrawal rule applies for such a long time horizon. Her friend swears that it’s designed to cover a 30-year retirement, not a 60+ year retirement. Is that correct? Jacqui is 24 and recently married. She’d like to open a 529 College Savings Plan for her future children, which she doesn’t plan on having for another 8 to 10 years. Should she do this? David is on-track to reach financial independence at age 50. He would like to start adding bonds to his taxable brokerage accounts. How should he manage this? Mikayla lives in Atlanta. Her employer gives her a stipend to use public transportation. This money can only be used for that purpose. She’s thinking of getting rid of her car so that she can start using public transit, and applying the cost-savings of getting rid of her vehicle into a downpayment fund for a future home. Should she do this? Former financial planner Joe Saul-Sehy and I answer these six questions on today’s episode. ______________ Show notes: https://affordanything.com/episode193 Subscribe via iTunes: https://affordanything.com/itunes
Views: 2811 Afford Anything
Using Retirement Funds to Buy a Small Business 401k RRSP Superannuation
 
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Learn how to buy a business https://www.BusinessBuyerAdvantage.com Learn more at https://www.DavidCBarnett.com Sign up and never miss a new video at https://www.DavidCBarnettList.com Related Article: I bet my retirement that this business will succeed! Is it better to borrow money when buying or starting a business or is it best just to use your retirement funds? I’m surprised at how often people ask me this. Maybe there are a lot of people out there with entrepreneurial dreams and fat retirement plans. I’ve got news for all of them though. Whether you borrow from a bank or your retirement plan, you’re still borrowing. If you don’t believe that, maybe this week’s video can help show you the folly of your ways. I answer the question, ‘does it make sense to use retirement funds to fund your small business?’ Watch the video of our chat here: https://youtu.be/37t2lK1lZ_w Learn how to buy a small business at https://www.BusinessBuyerAdvantage.com Get an Audible subscription and listen to my book 21 Stupid Things People do When Trying to buy a Business: Learn how to Avoid These Awful Novice Mistakes. Book a call with me at www.clarity.fm/davidbarnett Stop missing my videos and other news. Join my email list here: www.DavidCBarnettList.com #entrepreneurship #smallbiz #business #MandA #businessbroker #retirement
Views: 358 David Barnett