Timothy Sumer

Having both a 401(k) and an IRA can boost your annual retirement contributions by 30%. WSJ contributor Michael Pollock joins host J.R. Whalen to discuss what savers should know about each type of account. 0:00 401(k) vs. IRA 1:46 Advantages of having two retirement accounts 2:43 Disadvantages of having two retirement accounts 3:13 Roth IRAs and roth 401(k)s 5:24 Other retirement plans Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: #401K #IRA #WSJ... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA In today's economy, saving for retirement is more important than ever. Many workers have the choice of investing in a 401

Who should you name as the beneficiaries of your pre-tax retirement accounts, and why? You are working on your estate plan, and trying to figure out who you should name as the beneficiary of your 401k account and IRAs. Simple – the kids, right? Not so fast. Who should be your 401k beneficiaries? Who should you name to inherit your IRAs? If you want to minimize taxes, who you name as your beneficiaries matters. Watch this video to understand non-spouse beneficiary distribution rules for inherited pre-tax IRAs and “regular” pre-tax 401ks. Understanding the rules from an income tax standpoint might help you decide who to name as your beneficiary. Who inherits the assets you hold in your various retirement accounts could have a big impact on the amount of money that is ultimately received by your heirs vs given to Uncle Sam. 0:00 Welcome 0:35 Why is it important for IRA beneficiaries to be tactical about taking distributions from an inherited pretax account? 0:55 Did the

Hey fellow investors! In this video I show you how to transfer your retirement account (traditional IRA, Roth IRA & 401k) from other investing brokers/companies (such as Vanguard, Charles Schwaab, E-trade, Fidelity, TD Ameritrade, etc.) into you're Webull account! The whole process is very simple! Get (4) FREE stocks valued up to $3,700 with WeBull ~ Get a FREE stock with Robinhood ~ Steps: 1) Have a retirement account open with another brokerage 2) Open the same type of retirement account within Webull (takes 20 minutes to 24 hours to get account approved within Webull) 3) Start the transfer process with the Webull app and enter your account number from your other brokerage account (stock and cash transfer takes 3-7 business days) 4) If your old brokerage charges a transfer fee, submit proof of charges to Webull for a reimbursement up to $100 (current promotion offered by Webull) Please leave a comment if you got lost anywhere throughout the process or

Roth or Traditional IRA/401k Welcome everyone! In today’s video we are going to discuss the differences between a Roth IRA and a traditional IRA or 401k. We are going to go over the benefits of each, and determine the optimal strategy for saving and investing money for our retirement. What is an IRA? Individual retirement account that allows annual contributions up to 6,000, or 7,000 if over the age of 50. What is a ROTH IRA? a special tax advantaged retirement account that you can make contributions to post tax, but withdraw from tax-free. Any gains you make are all tax-free after 59.5 and as long as the account is at least 5 years old. If you withdraw prior to 59.5 or prior to the account being 5 years old, you could face a 10% penalty and pay income tax unless you meet a few specific circumstances. There are many circumstances, so if interested please check out the link below. What is a Traditional IRA? an individual retirement account that provides a tax advanta