Travis Sickle
Travis Sickle
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Best Short-Term Investments for 529 Plans: What You Need to Know
In this video, I address a common question about short-term investments for 529 plans, specifically when you need to access the funds in one to two years. I discuss the challenges of finding suitable short-term investments within 529 plans and share my approach using Florida's 529 plan as an example. I'll walk you through different investment options and explain why I recommend money market funds over bond funds for short-term goals. Watch to learn how to make informed decisions for your 529 plan investments.
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Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you.
TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™
Company Website: www.sicklehunter.com
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Sickle Hunter Financial Advisors
1646 W Snow Ave.
Suite 144
Tampa, FL 33606
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Переглядів: 361

Відео

How to Fund College FAST with These 529 Plan Tax Tips
Переглядів 330Місяць тому
In this video, I dive into the power of 529 plans and share top tax-saving tips for college and private school education. We'll cover key strategies, including maximizing contributions without incurring gift taxes, utilizing state tax benefits, and leveraging the unique advantages of hiring your children through an LLC. Learn how to effectively fund your child's education and optimize your tax ...
💸 How I pay ZERO taxes for my kid’s college
Переглядів 275Місяць тому
In this video, I reveal a powerful yet often overlooked strategy to maximize your savings by legally hiring your kids through your business. Discover how you can significantly reduce your federal, state, and self-employment taxes, and use these savings to build your child's college fund with a 529 plan. Learn the step-by-step process, supported by IRS guidelines, to pay your children a reasonab...
🚀 How I Avoided the Backdoor Roth Tax Trap! My Proven Strategy & Tips 🔥
Переглядів 461Місяць тому
In this video, I explain the potential tax traps of a backdoor Roth conversion, especially when rolling over an old 401k. Learn how to navigate these complexities, avoid unnecessary taxes, and see how I manage my own accounts using a Solo 401k strategy. If you're considering a backdoor Roth conversion, this video is a must-watch to help you make informed decisions. Don't forget to subscribe for...
Is a 529 Plan the BEST way to save for College? (529 Plan vs. PrePaid vs. Trading Account)
Переглядів 595Місяць тому
In this video, I explore whether a 529 Plan is the best way to save for college. I'll compare the Florida Prepaid Plan, the 529 College Savings Plan, and a regular trading account. We'll discuss the pros and cons of each option, including tax benefits, investment risks, and flexibility. Whether you're in Florida or another state, this guide will help you make the best decision for your family's...
Best Investment Strategy For Your 529 Plan?
Переглядів 2,9 тис.5 місяців тому
In this video, I explore the best investment strategy for your 529 plan. We'll compare target date funds, which automatically become more conservative as your child nears college, to an S&P 500 fund. I'll break down the pros and cons of each approach and share my own investment strategy for my kids' 529 plans. Whether you're just starting out or re-evaluating your current plan, this video will ...
IRS Tax Brackets Are Increasing - Find Out How Much You'll Pay In 2024
Переглядів 20 тис.6 місяців тому
In this video, I dive into the newly released 2024 tax brackets, comparing them with 2023's to show you exactly how much you'll save. Using a custom-built calculator, I demonstrate the differences in taxes at various income levels, debunking myths about the impact of inflation-adjusted tax brackets. I'll also guide you through the essentials of tax credits and deductions, including real example...
IRS Releases NEW Inflation Tax Brackets...What This Means For You in 2024!
Переглядів 854 тис.7 місяців тому
In this video, I discuss the newly released 2024 tax brackets by the IRS, which are adjusted for inflation. I'll explain how these changes may affect you and what steps you can take to reduce your taxes and prepare for 2024. We'll go through the tax brackets, deductions, and credits, and I'll provide examples of how you can optimize your tax strategy. Understanding these details can help you ke...
UPDATE: Increased 401k and IRA Retirement Plan Contribution and Income Limits 2024
Переглядів 4,8 тис.7 місяців тому
In this video, I dive into the 2024 retirement plan contribution and income limit changes recently unveiled by the IRS. Discover how these changes impact various retirement plans and learn strategies to maximize your retirement savings. From 401K to Roth IRA, I break down the numbers and provide insights to help you make informed financial decisions. Plus, I show you how to calculate your contr...
Married Couple in their 40s gets HUGE boost in retirement plan
Переглядів 3,3 тис.8 місяців тому
In this video, we dive deep into the world of retirement planning for those hitting the big 40! Join me as we explore the financial journey of Joe and Jane, a married couple both aged 40, with a combined income of $275,000. We'll compare their retirement savings, totaling $355,000, to the average balances in 401(k) and IRA accounts from Fidelity and Empower. Discover where they stand and how th...
$245,000 S-Corp Owner Reduces Taxes and Increases QBI Tax Deduction with 401k
Переглядів 2,3 тис.9 місяців тому
Learn how S-Corp owners can supercharge their retirement savings while lowering taxes (more tax deductions)! In this video, we break down the numbers and show you how a strategic approach to your S-Corp income can make a significant difference in your retirement nest egg. 0:00:00 Intro 00:02:20 How tax brackets work 00:03:40 Total Taxes 00:04:08 Retirement Plan Limits 2023 00:04:40 W2 Income vs...
401k Update: IRS Releases New Guidance on Retirement Plans Under SECURE Act 2.0 Section 603
Переглядів 2,6 тис.9 місяців тому
401k Update: IRS Releases New Guidance on Retirement Plans Under SECURE Act 2.0 Section 603
The Best 529 Plans With The Lowest Fees For 2023
Переглядів 4,2 тис.10 місяців тому
The Best 529 Plans With The Lowest Fees For 2023
🚀 How I Saved $83,809 for My Kid's College! Real 529 Plan Breakdown & Tips 🔥
Переглядів 23 тис.10 місяців тому
🚀 How I Saved $83,809 for My Kid's College! Real 529 Plan Breakdown & Tips 🔥
LChild Tax Credit $2k MISTAKE 2023
Переглядів 2,1 тис.10 місяців тому
LChild Tax Credit $2k MISTAKE 2023
Why the NEW Roth SEP IRA is NOT a GAME CHANGER in 2024
Переглядів 4,2 тис.10 місяців тому
Why the NEW Roth SEP IRA is NOT a GAME CHANGER in 2024
8 IRS Form W-4 MISTAKES to avoid in 2023
Переглядів 9 тис.10 місяців тому
8 IRS Form W-4 MISTAKES to avoid in 2023
ibonds vs treasury bills: Which is the BEST investment in 2023?
Переглядів 5 тис.11 місяців тому
ibonds vs treasury bills: Which is the BEST investment in 2023?
You Won't Believe How Much Money You Could Get Back From The IRS using Form W-4!
Переглядів 1,8 тис.11 місяців тому
You Won't Believe How Much Money You Could Get Back From The IRS using Form W-4!
NEWS UPDATE: Advance Monthly Child TAX Credit 2023...up to $5,300
Переглядів 13 тис.11 місяців тому
NEWS UPDATE: Advance Monthly Child TAX Credit 2023...up to $5,300
Max Fund your 401k in 2023 // Lower taxes today and tomorrow
Переглядів 6 тис.11 місяців тому
Max Fund your 401k in 2023 // Lower taxes today and tomorrow
S Corp Distributions vs. W2 Income
Переглядів 2,7 тис.Рік тому
S Corp Distributions vs. W2 Income
Which is the BEST 529 Plan in 2023?
Переглядів 28 тис.Рік тому
Which is the BEST 529 Plan in 2023?
How to choose the BEST 529 Plan in 2023
Переглядів 3,7 тис.Рік тому
How to choose the BEST 529 Plan in 2023
Mastering Car Loan Math: Calculating Interest and Principal Like a Pro!
Переглядів 11 тис.Рік тому
Mastering Car Loan Math: Calculating Interest and Principal Like a Pro!
How to Max Out Your 401(k) Contributions in 2023
Переглядів 15 тис.Рік тому
How to Max Out Your 401(k) Contributions in 2023
I have a NEW favorite 529 plan...
Переглядів 2 тис.Рік тому
I have a NEW favorite 529 plan...
Could Bitcoin IRA Be Your Retirement Solution?
Переглядів 1,2 тис.Рік тому
Could Bitcoin IRA Be Your Retirement Solution?
How to fill out IRS Form 8606 for Backdoor Roth Conversions with 4 examples
Переглядів 9 тис.Рік тому
How to fill out IRS Form 8606 for Backdoor Roth Conversions with 4 examples
How I lowered my property taxes FAST!
Переглядів 9 тис.Рік тому
How I lowered my property taxes FAST!

КОМЕНТАРІ

  • @TheoErnest100
    @TheoErnest100 15 годин тому

    🤔🤯🤕😓

  • @xq8152
    @xq8152 23 години тому

    Yo what happened to the previous form? It was like 3 questions.

  • @PBTKaizen
    @PBTKaizen День тому

    so the tax table is what tells you how much fed income tax you will pay post the standard deduction...correct?

  • @bauer-2192
    @bauer-2192 2 дні тому

    Now you can rollover 35k over into a Roth ira

  • @SocialStudiess
    @SocialStudiess 2 дні тому

    Weird, this is a very good question. I wonder why he ghosted you?

  • @aparajith1159
    @aparajith1159 3 дні тому

    Hey Travis.. The Florida plan says the beneficiary has to be a FL resident. We live in California. How can I do it then?

  • @IamPoe
    @IamPoe 3 дні тому

    Hi, great video by the way. But I was curious, wasn't there a catch up contribution for Roth Ira of $1,000 if you're 50 or older, making it a total of $8,000 for Roth IRA in 2024. Or did I mistaken this for something else?

  • @davidfarm8095
    @davidfarm8095 3 дні тому

    I am having trouble installing on Android. I just hope I get it installed.

  • @xsselb
    @xsselb 3 дні тому

    sketchy how they want your social security number before you even purchase a sub, yeah never freely give your social security number before an agreement sketchy af

  • @jeffb.2469
    @jeffb.2469 3 дні тому

    Catch up limit in 2025 for those 60-63 should be $11, 250 I believe, not $10,000, Can you confirm?

  • @robertoospina10
    @robertoospina10 3 дні тому

    Excellent thank you!

  • @sophiaminjunglee2260
    @sophiaminjunglee2260 3 дні тому

    I have a 2year old sun and am trying to set up monthly saving plans. Your 529 video was really helpful! Now I know EST college cost for him. Are you able to suggest other or whole saving plan for a child? I don't want to save all the money into 529account. I want to make such as Saving Account or Broakerage Account or others. What type of account and what percentage for each do you recommend? I will be appreciated if you can share your monthly plans for your kids. Thank you for the videos!

  • @ChristianHada
    @ChristianHada 3 дні тому

    thank you for making a quick to-the-point video. I get it perfectly now

  • @tylerenglehart1914
    @tylerenglehart1914 4 дні тому

    It will be a good thing once the IRS goes away. The Fed, IRS, and IMF was never part of the organic constitution of 1789. It was put in place after the bankruptcy of 1933 which turned us into debt slaves (taxpayers).

  • @TexasNan
    @TexasNan 4 дні тому

    It's all crap , the IRS

  • @billlyon7696
    @billlyon7696 5 днів тому

    Thanks for the clear straightforward information

  • @roorooglizzydoo2026
    @roorooglizzydoo2026 5 днів тому

    You sound like a gray area scam artist

  • @ambermchugh9381
    @ambermchugh9381 5 днів тому

    What if i made less than the standard deduction but on a1099?

  • @HouseWifeSnob
    @HouseWifeSnob 5 днів тому

    What a good video. Quick question, in January 2024 I made $3000 but no longer work. Can I contribute to my Roth up to the $3000 even if it’s months later? Also if I take on a gig job like Uber later this year can I contribute that amount into my Roth? I think I can because that’s probably earned income. Thank you so much for your response.

  • @user-mz1bc9ew3o
    @user-mz1bc9ew3o 6 днів тому

    where's the link for estimator ?

  • @MichiganWoodlandWarrior
    @MichiganWoodlandWarrior 6 днів тому

    The Internal Revenue Code IS NOT LAW. It has never been enacted into Positive Law. And Title 26 is not itself law. ---mww

  • @Shalom151
    @Shalom151 6 днів тому

    I changed my W-4 . 2 to 0 but my pay check increases by 30$ I’m confused

  • @neilignacio1302
    @neilignacio1302 7 днів тому

    What if my main goal is to use SEP IRA as a write off and contribute the max $66,000 as a write off? will you still not recommend it as a tool for tax deduction? thank you for your answer in advance

  • @dareeltoro6681
    @dareeltoro6681 7 днів тому

    You made this to complicated. Single one job, you only need 1 and 5 to get the most accurate withheld taxes. Edit: with no kids or dependents.

  • @kolewenger9659
    @kolewenger9659 8 днів тому

    What if you are a teacher that moved from one district to another district? does that count as having 2 jobs in the year?

  • @sketti1111
    @sketti1111 9 днів тому

    Do you do consultations? I would love to pay you to review my taxes and make sure I’m Making smart decisions

  • @jsharp5522
    @jsharp5522 9 днів тому

    Using the same salaries you provided, how would the tax withholding numbers change if someone were to only fill out Step 1 and check the box in Step 2c?

  • @mannyboyaztlan5127
    @mannyboyaztlan5127 9 днів тому

    But how about the per diem? On the financial bank contract for the vehicle loan?

  • @ronniedavis8965
    @ronniedavis8965 10 днів тому

    I will be working multiple jobs (single, no dependents)... full time and 2 part time. What would you recommend claiming on each to maximize take home but not pay much if any at the end of the year?

  • @likes-yv3lj
    @likes-yv3lj 10 днів тому

    So if I have 10k In a 401k and I already put 7.5k in my Roth can I move all of that 401k money in to the Roth with the “backdoor” method?

  • @aThinkingChristian
    @aThinkingChristian 10 днів тому

    Excellent! Thanks.

  • @straitjacketstudios
    @straitjacketstudios 10 днів тому

    MUST you have an EIN to open a Solo 401k? Or can you just use your SSN (1099 sole proprietor, Schedule C)?

  • @fleshtvxo
    @fleshtvxo 11 днів тому

    Hi, how do you use the tax withholding calculator if you have a new job you haven't started yet? I want to reduce withholdings so how would I fill out the W4?

  • @wizzy4xl
    @wizzy4xl 11 днів тому

    How

  • @Briana_Shepherd
    @Briana_Shepherd 12 днів тому

    Does this work also if I don’t want them to take taxes out of my paycheck as well. Single, no dependents, one job.

  • @mikecastle5193
    @mikecastle5193 12 днів тому

    What about state taxes deduction social security deduction medical deduction

  • @noelsiro
    @noelsiro 12 днів тому

    Great info brother!! 🔥🔥🔥

  • @user-qo7bn9ud2d
    @user-qo7bn9ud2d 13 днів тому

    What if your by weekly paychecks are different amounts and never the same? I see how you can do tje math if every paycheck was the same amount, but my checks are always a different amount.

  • @danielleon5074
    @danielleon5074 14 днів тому

    My favorite IRS approved plan is the Cash Balance Pension Plan.

  • @chimchu3232
    @chimchu3232 14 днів тому

    This was exactly what I needed to hear. Thanks for the thorough and concise explanation.

  • @bittahxpupil
    @bittahxpupil 14 днів тому

    I just feel to illiterate to understand this stuff

  • @VladLarsen129
    @VladLarsen129 16 днів тому

    Hello! Could you tell me how to fill out the form if one husband has 2 jobs, and the other has 1 job?

  • @adventures3699
    @adventures3699 17 днів тому

    How do I claim my self on the online form???

  • @kevink286
    @kevink286 19 днів тому

    I have a full time job and max my 401k and Roth IRA. I have a side hustle and wanted to take advantage of the additional retirement account options available to me. With a solo 401k, I can't do any employee-side contributions anyway since I already max my work 401k, so any contributions would be employer-wise only. This is the same as the SEP-IRA, and the SEP-IRA was easier to setup, so that's what I went with. Any benefits to switching to a solo 401k for me?

    • @TravisSickle
      @TravisSickle 19 днів тому

      This is a great question and I’m going to need to do a video on this.

  • @wrt322
    @wrt322 20 днів тому

    Great video! so whats the difference between the Lender appraiser vs county appraiser? I am looking to acquire a home with a 8k property tax in North Tampa, and I think it should be lower comparing to other homes in the neighborhood. Can't I just use my lender appraiser to go convince the county appraiser?

    • @TravisSickle
      @TravisSickle 19 днів тому

      Is your lender’s appraisal lower than the county?

    • @wrt322
      @wrt322 8 днів тому

      @@TravisSickle No. its not lower than the county

    • @TravisSickle
      @TravisSickle 8 днів тому

      @@wrt322 then it won’t help.

  • @BullsEye4444
    @BullsEye4444 21 день тому

    Can I contribute disability payment/grant from social security into a roth?

  • @PaulNissenson
    @PaulNissenson 21 день тому

    Very informative.

  • @cwynt9319
    @cwynt9319 25 днів тому

    New 2024 U.S resident, just about to start working and i am trying to understand this tax exemption thing but I just can't. Havent worked since entering the country. Where can I find a good explanation of how taxes work in America in layman's terms?

  • @jenniferb4549
    @jenniferb4549 25 днів тому

    I would love for an updated video, as it appears that the IRS has changed the calculation for Sole Proprietors for 2023. Thanks!

  • @reaper98765
    @reaper98765 25 днів тому

    Great information