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IRA/401k Dangers in Retirement
IRAs Individual Retirement Accounts are traditionally tax deferred. In this video we show you how damaging taxes are to your retirement savings once you start withdrawing the money and paying taxes on it.
Additionally, we illustrate how the Required Minimum Distributions, which changed in 2023, are to the account balance and how heirs get less than the IRS.
Hey Finance Lovers, ✤✤ Welcome to “Independence Money” You’re definitely in the CORRECT place if you’re looking for Personal finance, retirement planning, and tax planning content to brighten your day. We help protect assets and income from the theft of taxation! Our expertise on tax strategies, precious metals, cryptocurrency, asset protection, and international real estate are our favorite topics. After the past few years, the United States is now faced with a looming financial crisis as well as increasing taxes. If your money’s not independent, how independent are you? Nathan is a Certified Tax Specialist™ and Certified Estate & Trust Specialist ™ with over 20 years of industry experience, and Amanda is a Financial Consultant with a vast knowledge of real estate and equities market valuation techniques. I bring you all the financial updates, Financial Planning, Registered Investment Advice, Retirement Planning, Cash Flow & Budgeting, Estate Planning, Portfolio Allocation, Investment Management, Tax Planning, Tax Strategies, and more… So if the Personal finance, retirement planning, tax planning content are what you’re looking for be sure to SUBSCRIBE & join the Independence Money family. I believe you will find a lot of fantastic information and updates Owning your dream beach vacation home doesn't have to be hard! If you are interested in learning more please email us! Don't forget to like, share, comment, and subscribe!! 📣 I will definitely suggest you become a member of our YouTube family by subscribing. You can suggest anything to me. If you have any ideas, please share them with us. We will definitely upload new videos as per your suggestion. 📣 Please tell us what you think of this video ???
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#IRA #401k #Retirement #Taxes #2023 #RMD
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