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The document discusses different types of investment buckets and their tax treatment: 1) Taxable bucket - Gains or growth are taxed annually as ordinary income. 2) Tax-deferred bucket - Taxes are deferred until money is withdrawn, such as a 401(k). 3) Tax-free bucket - Earnings grow tax-free, such as a Roth IRA. The document asks what percentage of money the recipient wants in each bucket and if they want to redistribute some of the money.
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FS Flier
- 1. If I don’t tell you anything more ... which bucket do you want most of your money in? 1 Certain interest, although exempt from federal income tax, may still be reportable to the IRS and, in certain circumstances, may be subject to the alternative minimum tax (AMT). Asset: Puts money in your pocket Liability: Takes money out of your pocket Gains or growth of your assets fall into three income taxation categories: 1099 later 1099 never1099 now Tax Deferred Tax Free1 Taxable
- 2. •Are you happy with the percentages? •Would you like to discuss redistributing some of it? Taxable, tax deferred and tax free refers to the tax treatment of any earnings/growth/gain from these assets. _______% _______% Where is it now? What percentage? _______% New York Life Insurance Company New York Life Insurance and Annuity Corporation (A Delaware Corporation) 51 Madison Avenue, New York, NY 10010 www.newyorklife.com AR05050.RB.042015 SMRU481076 (Exp.04.20.2017) Tax Deferred Tax FreeTaxable