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Company Stock in a 401(k), Early Retirement Withdrawals, & IRS Penalties (8/24/2024)
Manage episode 436333205 series 3083349
Kandungan disediakan oleh Alec Kelso and The Real Money Pros. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Alec Kelso and The Real Money Pros atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
This Saturday, we start by exploring the tax-efficient approach of Net Unrealized Appreciation (NUA) for managing company stock within a 401(k), explaining how you can potentially lower your tax burden. We analyze the anticipated Federal Reserve rate cuts and their implications for different market sectors and your investment portfolio. Do you feel like inflation has slowed down enough to cut rates?
We also tackle common IRS challenges, including tax filing and payment issues, and share tips on how to contest penalties through the taxpayer relief office. Learn about IRS Rule 72(t), a crucial tool for those considering early retirement, which allows penalty-free early withdrawals from retirement accounts. Finally, we cover key retirement planning strategies, focusing on managing taxable income to qualify for health insurance subsidies and optimizing your Social Security benefits.
Listen, Watch, Subscribe, Ask!
https://www.therealmoneypros.com
Hosts:
Brian Wiley
Nic Daniels
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SPONSORS:
Guild Mortgage:
Ataraxis PEO
Tree City Advisors of Apollon:
https://www.treecityadvisors.com
Apollon Wealth Management:
https://apollonwealthmanagement.com/
Formations:
https://get.formationscorp.com/real-money-pros
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