JPMorgan Chase & Co has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the U.S. authorities said on Tuesday.
The video points out a lot of good things, but as a CPA and Private Wealth Advisor, I'd expect him to get all the details right, which he doesn't.
1. He says that the info has just become available. It actually was published by IRS three months before the video was posted.
2. At 2:02, the amount "Additional For Age" says $2,500. The correct amount is $3,300. The total for single filers at 2:13 is also wrong.
3. His discussion about the IRMAA cliff at 4:15 is oversimplified. He says IRMAA "could double" your monthly cost. There are actually 5 brackets, and double is only one of them.
The tax system is such a damn mess. Even the professionals can't comprehend it.
Yeah, what I got out of the video is since I am a year away from 65 and even though my wife is 70, we will not get the $6000, well $12,000 if we filed Joint. But I may have misunderstood that.
Yeah, what I got out of the video is since I am a year away from 65 and even though my wife is 70, we will not get the $6000, well $12,000 if we filed Joint. But I may have misunderstood that.