Timothy Sumer

In this video, I'm talking about the 401k retirement plan over contribution. What happens if you contribution more than the 401k retirement plan limit of $19,000. Contributing over the 401k retirement plan limit can cause you to have the 6% excess contribution tax. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your

In this video, I answer the question, "how much can I contribute to my 401(K)?" First, I explain how the 401k works and a comparison to the Roth IRA. Then I talk about a few of the 401(k) retirement rules. After, I show a w-2 form so you can see how the 401k reduces your taxes but is still subject to social security and Medicare taxes. Lastly, I explain how the matching contributions work and go through a few examples of how the 401k reduces your taxes. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an on

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, C

Massive Change to 401k & IRA Contribution Limits 2023 || HUGE INCREASE! 401k contribution limits for 2023 are increasing by a record amount! Since 2007, the IRS has indexed 401k contributions based on CPI data. This year with rapidly increasing inflation, 401k contribution limits and IRA contribution limits for 2023 are increasing by an enormous amount. These increases to 401k contributions apply also to 403b contributions, most 457 plans, and Thrift Savings Plan contributions for 2023. All of this means you can save more for retirement by increasing the amount of retirement savings you contribute to your 401k or IRA. 401k Contribution limits for 2023: 401k Contribution- $22,500 401k Catch-up Contribution-$7,500 IRA Contribution Limits for 2023: IRA Contribution-$6,500 IRA Catch Up Contribution-$1,000 **Free Retirement Download: The Checklist to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement

In this episode of Coffee with Katie, Katie Brown provides an update on retirement contribution limits for 2021. She explains the limits for various types of accounts (401k, 403b, Traditional IRA, Roth IRA, etc.) and the catch up opportunities for investors over the age of 50. Katie also provides an overview of the tax benefits and differences between a Traditional IRA and a Roth IRA. Important Disclosures: ... ( 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 Write an article about 2021 Retirement Contributions in English https://inflationprotection.org/rewrite-this-title-2021-retirement-contributions/?feed_id=103685&_unique_id=647a1061eb550 #Inflation #Retirement #GoldIRA #Wealth #Investing #2021retirementcontributionlimits #2021RetirementPlanContributionLimits #401kcontributionlimits #401kcontributionlimits2021 #401kcontribut

Harvard Law Attorney George Blower provides a quick overview of Solo 401k plans. For more information, email us at business@mysolo401k.net or call us at (800) 489-7571.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As a self-employed individual or small business owner, having a Solo 401k can be a great way to save for retirement while also enjoying some tax benefits. However, setting up and managing a Solo 401k can be a bit daunting if you're unfamiliar with the process. Here is a quick guide to help you understand the basics of Solo 401k. What is a Solo 401k? A Solo 401k (also known as an Individual 401k or Self-Employed 401k) is a retirement savings plan designed for self-employed individuals or small business owners with no employees. Unlike traditional 401k plans offered by employers, Solo 401k plans allow owners

Welcome to Talk 2 See! In this video, Barney talks about the possible increases in limits for different retirement accounts and what that could mean for your future. Inflation has been at a record-high for the whole year and there is no sign of it stopping anytime soon. Given these levels of inflation, Barney talks about the possible estimations ahead of the IRS announcing the limits in November. If you want to learn more about retirement accounts: If you want to play around with the compound calculator: Hope you enjoy... Subscribe! Follow us on Instagram (@Talk2See): Follow us on Twitter (@Talk2See): Follow us on TikTok (@Talk2See): If you want to jump around: 00:00-00:45 Limits are Increasing! 00:45-1:18 Roth Recap 1:18-1:56 401k Recap 1:56-2:21 What is the Increase? 2:21-3:48 Difference It Makes 3:48-4:10 SUBSCRIBE!... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Acco

Make sure you take advantage of the extra contributions you can make to your ROTH IRA account in 2023! Full video on our YouTube channel. . . . . . . . #ROTH #IRA #Limits #2023 #RetirementAccounts #PersonalFinance #IRS... ( 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 The Internal Revenue Service (IRS) recently announced an increase in the annual contribution limits for Roth IRAs for the 2023 tax year. The new limits are $6,500 for individuals and $13,000 for married couples filing jointly. This is an increase of $500 and $1,000, respectively, from the current limits. The Roth IRA is a type of retirement account that allows individuals to save for retirement on a tax-free basis. Contributions are made with after-tax dollars, meaning that the money is taxed before it is deposited into the account. However, when the money is withdrawn

NEW 2022 401k Contribution Limit #shorts #retirement #retirementplanning Full Video Here: In this video I want to discuss the new 2022 401k contribution limits. Because of inflation, 401k contributions and other qualified retirement accounts are seeing a 5.1% increase in contribution limits. If you are doing retirement investing in your 40's, retirement planning at 55 or retirement planning in your 50's, contributions to your 401k or retirement plan needs to be updated on a yearly basis. Below are the tables for 401k contribution limits for 2022 and other qualified retirement plans (These are annual retirement contribution figures): 401k- $20,500 403b-$20,500 457- $20,500 TSP- $20,500 IRA-No change Roth IRA-No change SEP IRA- $61,000 Click Here to Subscribe: **Free Retirement Download: The Roadmap to Retirement:** **To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: ** **V

The contribution limits for how much you can contribute to various retirement accounts is the same in 2021 as they were in 2020. The catchup contribution for those 50 and over remains the same as well. However, the phaseout ranges have changed slightly. In this video we will at the maximum contribution limits for 401(k), 403(b), most 457 plans, the federal government's Thrift Savings Plan, and IRA accounts. We will also look at the phaseout ranges and I'll explain how the phaseout works as well. We specialize in building sound retirement and investment management systems for those who are retired and that plan to within the next 5 to 10 years. Find out what it means to retire with confidence so that you can spend your time doing what's most important to you. For more information visit: All Statements and opinions expressed are based upon information considered reliable. Although, it should not be relied upon as such. Any statements or opinions are subject to

The IRS has announced HUGE Increase to 2023 401k, IRA, 403b, SIMPLE IRA, SEP IRA, Solo 401k Contribution Limits! Due to inflation the IRS has made big increases to the 2023 retirement plan contribution limits! What you need to know about the new retirement plan contribution limit increases for 2023. As you prepare for retirement, it's important to be aware of the new retirement plan contribution limits for 2023. In this video, we'll tell you all you need to know about these limits, so you can make the best decisions for your 401k, 403b, 457, IRA, SIMPLE IRA or SEP IRA, or Solo 401k. Makes changes now for Jan, 2023! The 2023 Retirement Plan contribution limit increases have been announced. What you need to know! Schedule an appointment to consult with us: Email (Clark): clark@clarkatterbury.com Email (Keeley): keeley@clarkatterbury.com Web: https//www.clarkatterbury.com Connect with us on social media: Facebook: LinkedIn: Twitter: Offices: Carlsbad & R

2023 retirement contribution limits have been announced and it's the biggest 401(k) contribution increase ever on record! Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past