The Secret to Retirement Planning with Minimal Taxation

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Financial planning and taxes in your retirement years does not have to be a scary thing for baby boomers and retirees. In fact, there are very simple ways to safeguard your retirement income from both volatility and taxation. In this video Rob discusses where IRA’s, 401k’s, and 529 Plans fit in the spectrum of taxation and financial planning.

A few of the key topics in this video that you will learn are:

Capital gains versus ordinary income tax
Tax-free versus tax-deferred
Where annuities fit in your retirement plan
How a private pension is a viable alternative investment.

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24 Comments

  1. 👋🏼So if I contribute the tax I receive back from my government each year into my 401K than it’s better? How close to an ROTH IRA “tax deferred” approach is that? 🙏🏽🇦🇺🧘‍♂️

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  3. What does "all of this is taxable" mean? Only the amount you withdraw from an IRA or 401k will be taxable every year. No one withdraws all of it at one time. Most people drop into a lower tax bracket when they retire than the tax bracket they were in when they put the money into the IRA/401k. With a Roth IRA, you are paying higher taxes now for tax-free withdrawals later. You are giving up current consumption for a future tax benefit. And a 25% tax bracket in retirement? I don't know about the new tax plan but in the old one, that doesn't kick in until one earns over $122,000 a year (married, filing jointly). That is unlikely for someone who only has $400,000 in an IRA/401k account. In your scenario, only about $17,000 is being taken out every year. Even with social security added in, that person will not be close to a 25% tax bracket, much closer to a zero tax bracket given taxable income doesn't even start until $22,800. This isn't the first video maligning traditional IRAs. One has to conclude someone wants to scare people into investing in something else.

  4. Can't believe you are this stupid. I stopped watching at the point where you say both pots grow to the same amount.

  5. You’re crazy if you think Roth IRA is better as far as taxes go. Let’s say you are making 100k a year and putting in your Roth IRA, your money is being taxed at the 100k tax bracket. Same deal but putting money in a 401k, later on when you are retired, you have your house paid off and your kids are out of the house, you only need 50k. Then you only have to pay 50k in income taxes

  6. Sounds to me this guys is a bit confused about what he's talking about

  7. Both are subject to market volatility

  8. 401k limit in 2017 is $18,000 a year + employer match + pre-tax + you get a tax break at the end of the tax season.
    Roth IRA is $5,500/year AFTER tax.
    How's Roth IRA superior again?
    I am maxing out both and there are no contests. 401k goes up more than quadruple in comparison. That is waaay more enough to offset ANY taxes at the end. Especially if you do gradual ladder withdraw from your 401k.

  9. Never heard of a private pension option!! Where do you get that?

  10. What? You pay $$ taxes on the Roth money as you add it to the Roth at the HIGHER working tax bracket! It is not "tax free" it is as you say , "after tax"….. If I put $10 into the roth I pay taxes at say 25% while working; Same $10 into 401K I defer the taxes to a retirement time and lower tax bracket!!! This is ridiculous salesmanship. Listen to advice from people who will not profit from your decisions, not from sales people. (Insurance sales people especially)

  11. Do the 401k, Max it out to get the full match from the employer, however 5 years before you retire, transfer that and re-characterize to a Roth (In Service Transfer), Pay the taxes and invest in a Hybrid Annuity that allows growth and income for when you retire. You have to do it 5 years before because the IRS will look back and not allow the Tax free withdrawals in the Roth unless it's been sitting there for 5 years. Yes I'm a Financial advisor (RIA)

  12. About 5 or so minutes in the video, you say the value of a Traditional IRA would increase at the same rate as the Roth, however wouldn't there be more money deferred into the Traditional because it's before tax? This is of course without taking contribution limits into consideration. In other words, the amount actually being deferred to the account could be less for Roth because one may not be able to contribute the same amount since some of it would have to be reserved to pay taxes. Therefore, while there is an inherent advantage to having tax free interest for a Roth, one may be able to earn more money in a Trad since deferrals would be higher. The question is whether the tax free interest for a Roth would be more tax advantageous than the interest earned from being able to invest the pretax savings in a Traditional.

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  15. Unless I missed something. 50% match is $3,750, not $3,250,

  16. With compounding interest involved, and considering you're losing the company match PLUS whatever is paid in taxes up front, to assume that a Roth will grow as large as a traditional is COMPLETELY incorrect.  If that were the case, traditional IRAs would have never eclipsed Roth's with respect to majority preference.  PLEASE tell me that If I invest $100 today (in the 25% tax bracket) in a traditional, in the same fund as a Roth, that it will be the same amount as $52 (-$23 due to no employee contribution and -25% due to taxes) invested in a Roth in 10 years?  Not to mention the traditional has the ability to bump me from the 25% bracket to the 15%, but we won't take those savings into account for my question….

  17. Gatorade is not sugar water. You obviously have no idea. I guarantee you could not run a marathon drinking sugar water.

  18. PEOPLE,
    DO NOT LISTEN TO THIS GUY!
    HE IS TOTALLY MISLEADING YOU ON THIS!
    probably not intentionally I'm sure.
    There is much much much more missing here…………………………………………..!!

  19. company match with 401K ????? from my age 21-51 years I have been putting into my 401k WITH COMPANY MATCH! INSTANTLY archiving 50% gain alone!!!! YOU are soooooo wrong!
    If I would have been putting that same money into a ROTH LMAO……..
    May be you should explain things a way bit better………….

  20. wow … VERY badly done what a scam artist … ThinkTank should really pull this video
    "IRA/401k tax deferred pot same as after tax pot". … WRONG
    IRA is LARGER (so tax rate will determine best choice)
    $1000 contribution per month "fundamentally the same as $7500 per year " … WRONG
    its 60% higher contributions
    "1177 out is very close to 1404" WRONG
     its 17% LESS

  21. Do you offer consultation for a fee? Contact number?

  22. I'd have a hard time leaving my planning up to a guy who can't divide by 2! (8:579:06).  Also, as others have already commented, his contribution amounts are FAR lopsided to the Personal Pension Plan.

    With that said, the ROTH vs. Traditional IRA argument is not just one of numbers:  The benefits go far beyond that.  I am a fan of Roth IRA, but one can invest their tax-free money far more efficiently than a PPP, especially while still working!

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