Timothy Sumer

How do you maximize the value you’re getting out of your 401(k), IRA or 457(b) plan from a tax standpoint today – and in the future? In today's episode of the Retire With Purpose podcast, we discuss three misconceptions of tax-advantaged retirement accounts, as well as how a Roth can act similarly to a non-dividend paying stock. Join us as we explore: * The difference between traditional Traditional and Roth contributions. * How a Roth can be utilized within a traditional 401(k). * Why you need to pay attention to RMD requirements for traditional retirement accounts. * The tax impact of Roth contributions versus traditional account contributions. 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ==================== YOUR HOSTS

Canadians now need $1.7m in order to retire. This is up 20% from 2019 and is an understatement. It's a retirement nightmare. These pension funds are also invested in all kinds of risky products. The Ontario teacher's pension plan for instance is invested in subprime mortgage insurance. You won't hear any news like this on any of the mainstream media organizations like City News, CTV News, CBC News, and Global News. Please sign up for my FREE email list below 👇 Help Support My Work 👉 A referral link to my currency broker Wise 👉 🔴 FREE Spotify podcast - Instagram 👉 Twitter 👉 TikTok 👉 Sources #Pension #Retirement #Canada 0:00 - Pension funds vaporized 0:40 - 20% decrease in value 1:20 - Young people 2:20 - Inflation and CP-LIE 3:15 - Retirement crisis 4:15 - Millennials and GenZ 5:45 - Change is coming... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN

If there is one word that has caught everyone’s attention in 2022, it is inflation. It has been a major concern for millions of people around the world and will remain so in 2023. All around the world, everyday goods and services are becoming more expensive. Rising costs are making life more difficult for many people, who are struggling to buy groceries, pay their bills and fill up their tanks at fuel stations. Global inflation is forecast to decline from 2022’s staggering 8.8 percent to 6.5 percent in 2023, while the world’s output will slow to 2.7 percent in the new year. Counting the Cost looks at what global economies can expect in 2023. Subscribe to our channel Follow us on Twitter Find us on Facebook Check our website: Check out our Instagram page: @AljazeeraEnglish #Aljazeeraenglish #News... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN

"This Drama SHAKES Entire Crypto Market!" | Cathie Wood Crypto (WATCH SEE) It’s well known that contrarian investor, Cathie Wood, has been a long-time advocate and investor in Bitcoin and other cryptocurrencies. For those that haven’t seen it, she has a base case, $1 Million dollar price prediction for Bitcoin by 2030. However, when she saw Balaji sree-nee-vaa-saan’s prediction for a $1 million dollar Bitcoin price in the next 90 days, even she was shocked. In the latest interview by ARK invest, Kathy joined Balaji in their thoughts on Bitcoin and their optimism for the digital asset. Interestingly, Cathy and Balaji actually have completely opposing viewpoints, but arrive at the same inevitable outcome. Cathy and ARK invest believe that DEFLATION and counterparty risk is going to play out over the course of 2023, which will both accrue to Bitcoin’s benefit. She points out that Bitcoin acts as an insurance policy and a flight to safety against confiscation of weal

France pension chaos: Protesters storm Blackrock building in Paris with firecrackers. Dozens of trade unionists railing against French President Emmanuel Macron's pension overhaul briefly invaded the central Paris building in which U.S.-based investment firm BlackRock has an office, chanting slogans and setting off firecrackers. The union action in the historical Centorial building near Paris' Grand Boulevards area, targetted BlackRock because of its private pension fund activity, protester Françoise Onic, 51, told Reuters. "The government wants to throw away pensions, it wants to force people to fund their own retirement with private pension funds, but what we know is that only the rich will be able to benefit from such a setup," Onic, a school teacher, added. #blackrock #france #macron Original Article: Original Video: Daily Mail Homepage: Daily Mail Facebook: Daily Mail IG: Daily Mail Snap: Daily Mail Twitter: Daily Mail Pinterest: Get the f

The Rich TAX LoopHole, the Backdoor Roth IRA! Yes, this is a method used by the wealthy who cannot qualify for a regular Roth IRA. This method allows you to save hundreds of thousands of dollars on taxes, and its relatively simple. All you have to do is create both an IRA and a Roth IRA account, preferably at the same financial institution. then you fund your IRA, and transfer those funds to a Roth IRA. The key is that you make INDIRECT contributions to your Roth IRA, rather than DIRECT contributions! AWESOME! BUT! there are some key notes you have to look out for. In this video I cover what these accounts are and how you can take advantage of them in order to save on your tax obligations! SEEKING ALPHA LINK (59% OFF!!) with a 7-DAY FREE TRIAL CHAPTERS: 0:00 Introduction 0:20 Roth IRA 0:38 Traditional IRA 1:00 The benefits of Roth IRA & Examples 3:05 The PROBLEM with Roth IRA 3:33 Backdoor Roth IRA - the method 4:08 HOW to convert your funds from Traditional IRA to

In 2023, you can contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to a 401(k) You can leverage these limits by taking advantage of the Mega Backdoor Roth – a powerful provision within your Intel 401(k). The Mega Backdoor Roth allows you to contribute after-tax dollars and convert those dollars to Roth. You can maximize your retirement savings and take advantage of the tax benefits associated with a Roth. Your regular 401(k) contributions increased in 2023: • Under 50: $22,500 • 50 or older: $30,000 ($22,500 + $7,500 catch-up contribution) Intel will match up to 5% (temporarily reduced to 2.5% on 01/01/2023) of your salary. For example, if you make $200,000, Intel will contribute $5,000 (pre-tax) to your 401(k), assuming you also contribute at least $5,000. 00:00 Introduction 00:12 2023 Intel 401k contribution limits 00:25 What is the Intel Mega Backdoor Roth ****** LIKE this video? HIT the like button! SUBSCRIBE to our channel to view mo

Invest With Fundrise (Sponsored): Here's 5 ways to inflation proof your finances in 2023. #fundriseendorsement #fundrisepartner 00:00:00 Introduction 00:00:20 Egg Price Inflation Explained 00:00:40 $10,000 Buying Power 00:01:15 How To Beat Inflation 00:01:42 2023 Inflation Prediction 00:01:57 5. Cash Allocations 00:03:11 4. Bonds 00:04:40 3. Equities/Stocks 00:06:12 2. Real Estate 00:06:39 Fundrise (Sponsored) 00:07:10 1. Real Assets ___ DISCLAIMER: Ryan Scribner, including but not limited to any guests appearing in his videos, are not financial/investment advisors, brokers, or dealers. They are solely sharing their personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Ryan Scribner’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or

Join Ken and Danille as they talk about the events over the last week related to the Silicon Valley Bank and what it means moving forward. Come join the discussion live at 11AM Arizona Time, 11AM PST, and 2PM EST. Join Ken's Inner Circle: Sign up for the Limitless Expo in June: Ken has a real estate strategies podcast! Follow your favorite platform each week. Apple Podcasts: Spotify: Follow Ken on Twitter at: • • • Be sure to click the bell to be notified as soon as the next informational video is posted! Visit Ken's Bookstore: • ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative s

Get to know how much you can contribute to a Roth IRA or Traditional IRA, 401k, and HSA for 2023! Add me on Instagram: michellemarki If you max out these retirement accounts, you can make the most of compounding your investments! Timestamps: 0:00 Retirement Investing 2023 Intro 0:34 Contribution Limits 2023 1:59 Roth IRA 6:02 Traditional IRA 7:42 401k 10:16 Solo 401k, SEP IRA, SIMPLE IRA 10:57 Health Savings Account (HSA) 14:27 Invest To Retire Comfortably Since it's never too early to start saving and investing for retirement, I feel strongly passionate about maximizing my retirement investments and helping my friends and family to do the same. So I hope the detailed information I put together will be helpful to your retirement investing education! I love Roth IRAs the most because you are not forced to take a required minimum distribution (RMD) from them, unlike a Traditional IRA, pre-tax 401k, and Roth 401k. The major benefit with the Roth IRA is you pay taxes whi

Yahoo Finance Live discusses the latest 2023 recession outlook as inflation and Fed rate hike woes continue. Segments aired from Mar 28- Apr 4, 2023. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter: #

Do you want to make sure your retirement savings are protected against inflation? Are you curious if a Gold IRA is suitable for your investment needs in 2023? Crypto Roth IRA Review has the answers in their updated IRA guide! Visit for more information.... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation As we approach the year 2023, it is increasingly important to take control of our retirement assets and consider investing in precious metals. One popular option is a self-directed gold individual retirement account (IRA), which allows investors to hold physical gold as a part of their retirement portfolio. If you're considering owning a self-directed gold IRA, it's essential to choose a reputable company to handle this investment. In this article, we'll be discussing some of the best self-directed gold IR

Jean-Francois Tardif, founder and portfolio manager at Timelo Investment Management, joins BNN Bloomberg to discuss his investing outlook as UBS agrees to buy Credit Suisse. Tardif says that the banking sector in the U.S. and Canada is okay right now but European banks are weaker after experiencing a lower-rate economy. He discusses his cautious stance in the markets saying that a lot of these stocks are not the place to be, and breaks down his criteria for when to buy back into the markets. Subscribe to BNN Bloomberg to watch more videos: Connect with BNN Bloomberg: For the latest news visit: For a full video offering visit BNN Bloomberg: BNN Bloomberg on Facebook: BNN Bloomberg on Twitter: BNN Bloomberg on Instagram: BNN Bloomberg on LinkedIn: -- BNN Bloomberg is Canada’s only TV service devoted exclusively to business, finance and the markets.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment Du

Are you noticing your basic groceries keep getting more expensive each time you shop? Same. You'll love these videos to watch next! • Inside a $15,000,000 VS $700,000 House in Orange County • I Tried Every HOT BAR Item From the World's Most Expensive GROCERY STORE! • Eating at the WORST Reviewed Restaurants (undercover) for 24 Hours! • What $100 Buys at the World's Most Expensive GROCERY STORE • Can A.I. Create a 3 Course Meal? | ChatGPT • I Ran the Hippest Restaurant in my Town for a Day • Transforming into a KARDASHIAN For 24 HOURS Subscribe to my vlog channel! Subscribe to my SHORTS channel! Follow me on Instagram @honeysuckle Follow me on TikTok: @dzunglewis BUSINESS INQUIRIES ONLY: hi@dzunglewis.com Order the HONEYSUCKLE COOKBOOK! Food & Family from California © 2023 Honeysuckle. All Rights Reserved.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment Durin

#inflation #investing #investment #2022 #2023 Protect your investment from inflation... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Write an article about Warren Buffett's Inflation Protection and Investment in English https://inflationprotection.org/warren-buffetts-inflation-protection-and-investment/?feed_id=80746&_unique_id=641c9b3a33364 #Inflation #Retirement #GoldIRA #Wealth #Investing #2023 #Finance #inflation #inflationhedgeinvestments #inflationprotectedassets #inflationprotectionstrategies #inflationprotectionstrategy #invest #investingtips #investormind #stockmarket #warrenbuffett #InflationHedge #2023 #Finance #inflation #inflationhedgeinvestments #inflationprotectedassets #inflationprotectionstrategies #inflationprotectionstrategy #invest #investingtips #investormind #stockmarket #warrenbuffe

How to tell if you're doing better with retirement savings than your average American. Not everyone makes retirement and saving a priority early on there life. #retirement #money... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Preparing for retirement can be a daunting task, especially when you consider that many Americans aren't saving enough. Knowing whether you're on track with your retirement savings can give you peace of mind and help you adjust your finances as necessary. Here are some tips to help you determine whether you're doing better with retirement savings than the average American. 1. Calculate your retirement needs The first step is to determine how much you will need to save to retire comfortably. Use a retirement calculator to estimate your expenses, including healthcare costs, and factor in inflation.