EP 16 How does plan 3 get taxed in retirement

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=ZG23HYnmed8

Free Washington Retirement Planning Community and Courses: https://www.skool.com/wa-retirement-p... • In this Washington Retirement Planning Podcast episode, I break down the tax implications of Plan 3 retirement accounts. From understanding Plan 3 as a pre-tax 401(a) to strategies for minimizing taxes when you withdraw, this episode covers it all. Learn why transferring funds to an IRA isn’t taxable, but withdrawals are, and how calculating a safe withdrawal can prevent tax surprises. We also discuss Roth conversions, penalties, and proactive tax planning for the future. Whether you’re near retirement or just starting to plan, tune in to maximize your financial strategy. • 0:00 - Introduction to Plan 3 tax implications • 1:20 - Why Plan 3 isn’t a 401(k) or IRA: It’s a 401(a) • 2:35 - Understanding tax timing: When transfers are taxable • 3:00 - Withdrawal tax rates and examples (+net amounts) • 7:03 - How to withdraw tax efficiently for your needs • 8:38 - Our solution • 10:18 - The importance of proactive tax planning • 11:15 - Resources for personalized tax and investment guidance • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 🙋🏽‍♀️ Need help? Schedule A Meeting : • https://calendly.com/scenicfinancial • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 🎯Get TRS 3, PERS 3 DCP Investment Advice Here: • 💥💥 https://scenicfinancial.net/scenic-pl... • The Only Place To Receive Ongoing, Personalized Investment Advice, So You Can Confidently Invest In Your TRS 3, PERS 3 DCP Retirement Plans! • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 📚Free E-Book Downloads: • 7 Money Murdering Mistakes Washington Teachers Make: • https://scenicfinancial.net/7-mistake... • 5 Ways To Avoid Running Out Of Money Without Risking A Dime: • https://scenicfinancial.net/5-ways • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • ✉ Join our weekly e-newsletter (Free Gift After Joining): https://scenicfinancial.net/email/ • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • ❓ Have a question or topic you'd like us to cover in the future? • Let us know! You will remain 100% Anonymous so ask away 😁 • https://scenicfinancial.net/submit-a-... • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 🕸️VISIT OUR WEBSITE: • https://scenicfinancial.com/ • 👨‍🏫 Washington TRS PERS Retirement Planning Database • https://www.watrspers.com/ • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 🔴 SUBSCRIBE to not miss out on future updates - http://bit.ly/Scenicfinancial • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • 📲CONNECT WITH US ON SOCIAL MEDIA: • Facebook ➡️ / scenicfinancial • LinkedIn ➡️ / ethanmeikle • ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ • DISCLAIMER • **Advisory Services offered through Intirety, LLC a registered investment adviser. Intirety LLC and Scenic Financial are not associated with the Washington State Department of Retirement in any way. Scenic Financial makes content available as a service to its clients and other visitors, to be used for informational purposes only. While our best intentions are to provide accurate and timely information, you should always consult with retirement, tax, and legal professionals prior to taking any action. 🕸️

#############################

New on site