Timothy Sumer

I quit my job in December 2021. I completed the 401K rollover to my Traditional IRA and Roth IRA. In this video, I will go over the 3 simple steps to move your money from 401k to IRA. 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ "1,000 Nights: Death's Love Letter to Afghanistan" "The Millionaire Next Door" 📷 Additional FIRE Videos Mentioned In this Video 📷 Mega Backdoor Roth - Our $2.8 mil Fat FIRE Plan - How We save 60% of our Income - How I saved my first $100K - The 10-Step FIRE Checklist - HSA vs FSA - ⏰ Table of Contents ⏰ 0:00 How much I had in my 401K 3:50 3 Steps to Roll Over 401K 7:24 Pros and Cons of 401K Rollover #FIREPsyChat #FinancialIndependence #401K 🤳 Social Media

Should you move your money from your 401K to IRA or to a new 401K? Let's go over the pros and cons of 401K and IRA rollovers. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 401K & IRA Rollover Requirements 3:43 401K to IRA Rollove

While no situation is the same, should you only invest in a 401k? We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 When it comes to investing for retirement, most people rely on their employer-sponsored 401k plan as their primary investment vehicle. While a 401k can be a useful tool for long-term retirement savings, it is important to consider whether relying solely on a 401k is the best approach. First, it is important to understand the limitations of a 401k ac

What is a 401k for dummies Are 4o1k plan really any good? 1-800-566-1002 4o1k plans are the most used types of retirement accounts. Understand the basics of a 401k plan for dummies and avoid the most common mistakes that individuals make when setting up their accounts. 401k retirement plan for dummies A 401k is a type of employer-sponsored retirement plan . It is a way for employees to save for their retirement by having a certain percentage of their paycheck withheld by their employer and deposited into the company's plan. Employers can choose to match the employee's contributions and thereby share the profits of the company with their employees. The plan is usually operated through an investment firm. How does a 401k work for dummies? Your employer withholds a certain amount of your paycheck and deposits that money, along with any matching contributions, into your 4o1k account. The money in the plan is invested in various financial instruments, such as m