If you can make strategic Roth conversions before you collect Social Security, you'll likely be able to lower your lifetime tax liability.Īnother possibility is to use qualified charitable distributions (QCDs) from your IRA. Withdrawals from Roth accounts don't count toward your AGI. The best way to get around this is through the use of Roth accounts. That's why minimizing your required minimum distributions is an effective tax planning strategy. As such, it's valuable to limit your distributions as much as you can as you bump up against those thresholds. And any amount above that, you'll add 85% of your benefits to your taxable income.Įffectively, every dollar you withdraw from your retirement account that pushes you further above those thresholds will get taxed at 1.5x or 1.85x the rate until your entire AGI surpasses the top of the thresholds. This will ensure that no one can see the video apart from the user.The amount above that level and below $34,000 for individuals or $44,000 for couples, you'll add 50% of your Social Security benefits to your taxable income. On the posting page, tap ' Who can watch this video' and change it to ' Only me.' Then, scroll down, tap ' More options,' and select ' Save to device.' Finally, tap ' Post,' after which the draft will be posted as a private video and simultaneously saved to the camera roll.
Make any changes if required, and tap the ' Next' button. To do this, tap ' Drafts' on the profile page and select the draft that needs to be downloaded. However, in order to save the video to the camera roll, additional steps are required. This will save the video as a draft on the user's profile page, allowing them to access their drafts from the TikTok app. After recording and editing a new video, tap the ' Drafts' button on the posting page, which is to the left of the ' Post' button. Saving a TikTok draft to the camera roll requires a few steps. Related: How To Create A Playlist On TikTok: Everything You Need To Know
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