New video by Our Rich Journey on YouTube
How to Pay $0 in Taxes in Early Retirement - The IRS Loophole for $120K Income and $0 Taxes in FIRE!
Join thousands of families building wealth, increasing income, and designing a life of financial independence. Get practical strategies, real stories, and honest lessons delivered to your inbox! - Sign up here: https://ift.tt/lqeidAG What if you could withdraw money from your investment portfolio every single year in retirement and pay zero in federal taxes? Not a little. Zero. In this video, we break down the exact strategy that allows early retirees to live completely tax-free — step by step, with real math. Here's what we cover: ✅ Why W2 workers have almost no control over their taxes ✅ The 3 things early retirees control that workers don't ✅ The two IRS rules that make tax-free withdrawals possible ✅ The 0% long-term capital gains bracket (2026 numbers) ✅ Step-by-step math on a $70,000 AND $120,000 withdrawal ✅ The maximum a married couple can withdraw tax-free ($131,100) ✅ Why this only works with a taxable brokerage account ✅ What you should be doing RIGHT NOW during the accumulation phase ✅ The state tax exception — and the ultimate tax hack ▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/TgCvMmy Our 365 Days to FIRE Program is your step-by-step guide to achieving financial independence and retiring early. Over the course of the program, you’ll learn how to build your FIRE plan, optimize your savings rate, invest in the stock market for long-term growth, and create multiple income streams. Plus, you’ll get tickets to attend our in-person meetups and 2-Day Conference in Portugal. Join us today! https://ift.tt/TgCvMmy ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/QrjTACN Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)! ▸▸▸Enroll in our FIRE Master Class: https://ift.tt/NadT0HU This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE! ▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: https://ift.tt/Qmc3P1l 0:00 - Introduction 0:45 - Why W2 Workers Can't Control Their Taxes 1:15 - The 3 Things Early Retirees Control 1:44 - How the IRS Taxes Income 2:00 - Long-Term Capital Gains Explained 3:00 - The Standard Deduction Explained 4:18 - The 0% Capital Gains Bracket 6:10 - Step-by-Step Math: $70K Example 8:14 - The Maximum Tax-Free Withdrawal 10:30 - What Account This Works With 11:43 - What to Do Right Now ▸▸▸Follow us on Instagram: https://ift.tt/hobEzHX ▸▸▸PLEASE SUBSCRIBE: If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey! DISCLAIMER: We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research! AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions. #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly
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Join thousands of families building wealth, increasing income, and designing a life of financial independence. Get practical strategies, real stories, and honest lessons delivered to your inbox! - Sign up here: https://ift.tt/lqeidAG What if you could withdraw money from your investment portfolio every single year in retirement and pay zero in federal taxes? Not a little. Zero. In this video, we break down the exact strategy that allows early retirees to live completely tax-free — step by step, with real math. Here's what we cover: ✅ Why W2 workers have almost no control over their taxes ✅ The 3 things early retirees control that workers don't ✅ The two IRS rules that make tax-free withdrawals possible ✅ The 0% long-term capital gains bracket (2026 numbers) ✅ Step-by-step math on a $70,000 AND $120,000 withdrawal ✅ The maximum a married couple can withdraw tax-free ($131,100) ✅ Why this only works with a taxable brokerage account ✅ What you should be doing RIGHT NOW during the accumulation phase ✅ The state tax exception — and the ultimate tax hack ▸▸▸Enroll in our 365 Days to FIRE Program: https://ift.tt/TgCvMmy Our 365 Days to FIRE Program is your step-by-step guide to achieving financial independence and retiring early. Over the course of the program, you’ll learn how to build your FIRE plan, optimize your savings rate, invest in the stock market for long-term growth, and create multiple income streams. Plus, you’ll get tickets to attend our in-person meetups and 2-Day Conference in Portugal. Join us today! https://ift.tt/TgCvMmy ▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: https://ift.tt/QrjTACN Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)! ▸▸▸Enroll in our FIRE Master Class: https://ift.tt/NadT0HU This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE! ▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: https://ift.tt/Qmc3P1l 0:00 - Introduction 0:45 - Why W2 Workers Can't Control Their Taxes 1:15 - The 3 Things Early Retirees Control 1:44 - How the IRS Taxes Income 2:00 - Long-Term Capital Gains Explained 3:00 - The Standard Deduction Explained 4:18 - The 0% Capital Gains Bracket 6:10 - Step-by-Step Math: $70K Example 8:14 - The Maximum Tax-Free Withdrawal 10:30 - What Account This Works With 11:43 - What to Do Right Now ▸▸▸Follow us on Instagram: https://ift.tt/hobEzHX ▸▸▸PLEASE SUBSCRIBE: If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey! DISCLAIMER: We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research! AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions. #FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly
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