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Travis Sickle
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Travis Sickle
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Investing | Financial Planning | Taxes
Best Investment Strategy For Your 529 Plan?
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6 месяцев назад
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Комментарии
@jimross2101
@jimross2101 4 часа назад
You will likely still not have much luck getting your property value assessed lower with today's inflated market. Recent sales, CMA's and private appraisals will be higher than the city's value.
@tkarljean8407
@tkarljean8407 21 час назад
So I only have one job right now and going to get a second one I’m filling the w-4 for my second job. What do I put on step 2. I’m single btw. The question was fill it out if you hold more than one job at a time. Some one pls help me
@Jalanta
@Jalanta 23 часа назад
3% (a year) > For 5 years 3% x 5yrs = 15% .15 (15%) x $20,000 = $3,000 $20,000 + $3,000 = $23,000 total after interest?
@christopherolsen7984
@christopherolsen7984 День назад
If I got married halfway through the year do I need to do a new W4 now and another at the start of the new year?
@tarabrown4105
@tarabrown4105 2 дня назад
This was very helpful🎉
@Newhomeszerodown
@Newhomeszerodown 2 дня назад
I don’t see where to add my spouses w2?
@michaelperry7871
@michaelperry7871 3 дня назад
This is an excellent tool. Thanks!!
@gustavomurillo2033
@gustavomurillo2033 3 дня назад
I did my w4 i got tax exempt i was getting taxed $500-$600 per check i ad justed it and got my pay check free
@grumpy3543
@grumpy3543 4 дня назад
Will the government make less money since the people will keep more of their money and the businesses will pay no taxes?
@grumpy3543
@grumpy3543 4 дня назад
Will the government make less money since the people will keep more of their money?
@karenpatterson3726
@karenpatterson3726 6 дней назад
Do you need a 529 for each child
@TravisSickle
@TravisSickle 5 дней назад
Yes
@rbgz246
@rbgz246 7 дней назад
What was the answer? I don't think i caught that one 😊. I was wondering if a 529 plan would be a good way to do both
@TravisSickle
@TravisSickle 5 дней назад
No
@benjaminallen2370
@benjaminallen2370 7 дней назад
Thanks this is the best info I've found on this oddly confusing topic!
@joaquingarcia7622
@joaquingarcia7622 8 дней назад
Thanks for the info. I earn too much so i have to pay all college expenses out of pocket. I live in NY. Can i deposit 10K towards a 529 for the same year i pay tuition. I know that it won't grow but at least i can get a 10K deduction on taxes the following year.
@trxdude8171
@trxdude8171 8 дней назад
How come this can’t be done with out a calculator
@humangoodness
@humangoodness 12 дней назад
Thank you so much! 2 questions. 1 I have 401k in 2 different companies, do I need to combine them into one for 72T distribution? 2 is the withdrawal age starting from your B day or year end? Eg, birthday on 08/01, do I need to withdraw before 08/01?
@angelanew469
@angelanew469 13 дней назад
I am so confused. I have two jobs and my husband has one. I am looking at his paystub and have no idea what to put for his wages. He also make overtime. I know what his overall salary is. But when I put the numbers in, they are not adding up.
@flying.forward
@flying.forward 14 дней назад
Didn’t mention anything about QBI even though the title states it…
@tomle2553
@tomle2553 14 дней назад
So I just got a new job I will make 28% more and it started in July. Last year we got about a $2K refund which we don't mind since it helps us save for our yearly trips. Should I wait for my first paycheck for my new position and then uodate my W-4 to how you showed? We're also expecting baby #2 before the end of the year.. I'm assuming I should also add that as well?
@candicem9344
@candicem9344 15 дней назад
Okay well ill pay a deposit and cover the interest to start with
@charleshoward9644
@charleshoward9644 16 дней назад
I have a question. I know someone who is a teacher assistant who is unpaid for the summer and just took a temporary teaching job for the interim. So here’s the question. She doesn’t know how much she will earn, so what should she as well as other teachers fill out on the W-4 form filing jointly with their spouse if they don’t know how many hours they will work for the temporary job? I admit it’s just too confusing.
@mkhatame86
@mkhatame86 18 дней назад
Still confused
@TravisSickle
@TravisSickle 16 дней назад
what's the question?
@danielbil4084
@danielbil4084 18 дней назад
What about tax on UTMA?
@TravisSickle
@TravisSickle 16 дней назад
Usually at a lower rate because it's on the kid's return rather than the parents. Zero tax in many situations.
@rosebudbynicky
@rosebudbynicky 19 дней назад
Can you do this as solo proprietor that S corp lapsed
@TravisSickle
@TravisSickle 16 дней назад
It's not for S-corps.
@thenumbersagent
@thenumbersagent 19 дней назад
Could you contribute to solo 401k hella in the year you’re making a lot of money and do the conversion during the year you’re not making as much? Would that save you money if you drop your tax bracket? Or is it a set % of the tax amount when you do the transfer?
@TravisSickle
@TravisSickle 16 дней назад
Now you're thinking!!! good work.
@andycraig5952
@andycraig5952 19 дней назад
When I go to the SBA portal to apply for forgiveness it states that I have already started an application and that I can’t do anything until that is resolved. The portal does not let me remove them and Harvest states that their is a code 99 on my loans. No one can tell be at the SBA the SBA loan servicing center or at Harvest my lender on how to remove that code. Any suggestions. I have two loans of $20,888. Thanks Andy
@TravisSickle
@TravisSickle 16 дней назад
old video. this isn't a thing anymore.
@PiperDad
@PiperDad 19 дней назад
Are you able to take out the full amount or even a portion of a rollover IRA to your bank account with out issue or penalty?
@TravisSickle
@TravisSickle 16 дней назад
It's possible in certain situations to pay no tax and have no penalty.
@ericmorris3509
@ericmorris3509 20 дней назад
Question. I live in PA and there’s two PA 529 plans for residents. One is tuition inflation rate (pay for the rate of today’s tuition and it cover the future’s rate) and stock market rate. Which one do you think is a better option?
@TravisSickle
@TravisSickle 16 дней назад
Stock plan. I'm not a fan of the prepaid plans however, in certain situations they do make more sense. Possibly a good video idea for the future. thanks!
@tapiocajai
@tapiocajai 21 день назад
how did you get the number 0.92935? I am an S corp that pays myself $55k gross income as W2 and i want to do a profit sharing of 25% nonelective contribution to my solo401k. 25% is $13750 and I assume this will be my S corp deduction in total. However, the SE tax portion of the $13750 can not go to the 401k account. I am trying to figure out what is the SE tax on the $13750. I am using this 1040 FORM schedule SE form you have in your video to calculate this but line 12 Self-employment tax is coming out to be $529.22 which isn't quite $13750 - ($13750*.9235). there lies my confusion.
@TravisSickle
@TravisSickle 16 дней назад
S-corp is completely different. You are NOT self-employed in this sense. I setup my own 401k with an s-corp and have videos on it. much easier calculations.
@dermo-hk6pu
@dermo-hk6pu 16 дней назад
Link to the video please
@Jesuscares7680
@Jesuscares7680 21 день назад
I just started a new job I was with an old one for 12 years and I always play me no problem now I'm with a new company and they're taking so much money out of my paycheck I don't know what to do so can you please write back with a step-by-step on the IRS tax calculator exactly how I do it and then where I put it on my W-4
@Jesuscares7680
@Jesuscares7680 21 день назад
When you're putting what you make a year do you have to add in your Social Security also ..as yes I still work
@henrywhittaker4378
@henrywhittaker4378 21 день назад
I think the Florida plan is only available to Florida residents
@coopsaf
@coopsaf 22 дня назад
This didn’t help. It was very generic
@JessieS
@JessieS 22 дня назад
So to open a 529 plan you must be a Florida resident, just to make sure I have this right.
@JoJo-vi6xx
@JoJo-vi6xx 22 дня назад
but my second job is per diem. I don't know how much I will ear exactly
@bradbaker8336
@bradbaker8336 22 дня назад
Well said
@bradbaker8336
@bradbaker8336 22 дня назад
Powerful
@srivers85
@srivers85 23 дня назад
Hello, what are your thoughts on the Goldman Sachs 529 plan?
@KingKatura
@KingKatura 23 дня назад
1:02 They removed the Estimator because it was so effective, They say its down.. for individuals lmao. However places like TurboTax have one. So if your just starting a job & don't really know what you'll make a year you just leave it blank?
@jeridharms2419
@jeridharms2419 23 дня назад
my daughter 17 how do I feel out. the W4 form the right way?
@jeridharms2419
@jeridharms2419 23 дня назад
My daughter's 17 how do I felt the W4 form the right way?
@Donutkommando
@Donutkommando 23 дня назад
Can an Uber Eats driver open a solo 401k? I was told by my tax professional "no" but i dont think that's correct
@KDrop84
@KDrop84 24 дня назад
Homesteads should be Automatic. the fact they get people to drive to the office is a GIANT WASTE OF TIME.
@bigmoneymike9113
@bigmoneymike9113 24 дня назад
if I filed exempt and been exempt since 2012 and the company took the money out anyway what recourse do I have when they claimed they sent my money to the Government??
@bigmoneymike9113
@bigmoneymike9113 24 дня назад
if I filed exempt and been exempt since 2012 and the company took the money out anyway what recourse do I have when they claimed they sent my money to the Government??
@donovanberserk4993
@donovanberserk4993 24 дня назад
Maximize workplace 401k match, then see if you can contribute towards an IRA.
@TravisSickle
@TravisSickle 24 дня назад
@@donovanberserk4993 makes sense in most situations. Just like most rules, they apply most of the time but not always.
@edwardrodriguez8783
@edwardrodriguez8783 25 дней назад
This is well explained. Thank you so much! I have learned a lot with your videos.
@AllisonF-s3g
@AllisonF-s3g 25 дней назад
I need to know how to calculate interest with weekly and bi-weekly payments to auto loans. Rule 72 if possible. Can you help?
@giovannileonor728
@giovannileonor728 26 дней назад
What tool is this that does all of the legwork on the calculations/projections?
@TravisSickle
@TravisSickle 25 дней назад
Our planning software we use.
@ngbdog
@ngbdog 27 дней назад
All I want to do is claim zero, how do I do this?