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

This video is part of Riiv's Education Series. I talked to Certified Financial Planner Matt Frankel about the difference between a 401k and a pension. The discussion covers not only what's more common today, but why pensions are so hard to come by. Follow Matt's channel @MattFrankelCFP for more great topics like this. Looking for great investment ideas? Visit for ten top stock picks from The Motley Fool. Travis Hoium does not have a position in any company mentioned. A portion of this video is sponsored by The Motley Fool. Visit to get access to my special offer. The Motley Fool Stock Advisor returns are 337% as of 10/21/2022 and measured against the S&P 500 returns of 105% as of 10/21/2022. Past performance is not an indicator of future results. All investing involves a risk of loss. Individual investment results may vary, not all Motley Fool Stock Advisor picks have performed as well.... ( read more ) LEARN MORE ABOUT: 401a Plans REVEALE

One way we help our customers is teaching them new tips and tricks that are usually left for the wealthy and their high paid advisors. Today we share one of those tips with you. It's called the in plan 401k conversion 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. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- 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 A 401k in plan conversion is a process through which you can convert your traditional 401k savings into a Roth 401k account within the same plan. This conversion process allows you to take advantage of the tax benefits

A 401k will most likely be the largest investment account you own throughout your lifetime. But investing in a 401k can get a little confusing because there's so much to learn. The worst part is that your employer doesn't teach you what to do. In this video, I break down everything you need to know about investing in your 401k. We'll cover the different types of accounts, your investment option, and many more things as well. Roth 401k Vs. Traditional 401k: 01:10 - 401k Advantages 02:52 - 401k Defined 07:36 - Employer Match 09:10 - Choosing A Brokerage 09:29 - How To Invest In A 401k 10:09 - How Much To Invest 11:11 - Investment Options Learn how to build a $300k HSA account here: Everything you need to know about index fund investing is right here: Here is the road map for how you should invest your money: IRA Playlist: Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within

MAX OUT YOUR 401K?... Not So Fast! In this video, we're exploring whether or not you should max out your 401K. While the answer to this question may seem obvious, it's worth spending time understanding the full implications of maxing out your 401K. Before making a decision about whether or not to max out your 401K, it's important to understand the full implications of doing so. This video will help you understand the risks and rewards of maxing out your 401K, so you can make an informed decision! 00:00 Introduction 00:59 Taxes 02:05 RMD (Required Minimum Distribution) 02:43 Qualified Money 02:53 After Tax Accounts 03:03 Tax Free Accounts 03:25 Sample Case 04:57 Disclaimer **************************************************************************************** 🟢 💸 DOWNLOADABLE RESOURCES: 💸 🟢 ************************************************************************************ ★ Subscribe to our channel for time sensitive Tips! ★ ********************

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

Investing in 401k for beginners . Today we will talk about Investing in 401k and roth 401k for beginners. 401k is essentially a retirement savings account provided by your employer. Your employer will give you a benefits package and inside will have your 401k details. They will provide you the details to set one. Once you setup a 401k account , you fund it by adding percentages of your paycheck into that account. At that point you have the option of investing in a variety of assets (i.e. stocks, bonds, mutual funds). Over time, your money grows. Ideally, when you retire, you'll have a big stack of money that's been growing for years. And at retirement whatever money you have in there is your new income. Now we know the basics lets understand 401k even more. Funding 401k account There are two types of 401k, traditional 401k and Roth 401k. The basic difference between a traditional and a Roth 401(k) is when you pay the taxes. With a traditional 401(k), you make co

My 401k: Learn how to optimize your 401K plan with these simple steps. This is a great video for beginners as well as those who wish to improve their retirement plan 2022 ▶TIME STAMPS 00:00 Intro 00:31 Welcome 00:43 Optimize Your 401k Plan 1:09 CNBC Polls Americans Confused About 401K Plan 1:50 401k Plan Overview 3:08 Know Your Current Investments 4:42 What Type of Fund Are You Invested In 5:29 What Are All The Fees? 7:56 Investing In Sectors 8:30 Video Overview 9:23 Outgo ▶ VISIT MY VIDEO PLAYLISTS Click on link to learn more - ▶ SHOP SILVER & GOLD: Bars, Coins & Storage 254,000 5 star reviews Click link to learn more - ▶ COIN TELEGRAPH MARKETS PRO: Make Smart Crypto Trades Click link to learn more - ▶ REAL ESTATE INVESTING COURSE Learn How To Profit Investing In Real Estate Click link to learn more - ▶ ABOUT THE CHANNEL Exploring trends shaping your personal economy Subscribe today - ▶ CONNECT WITH ME Follow on twitter : Website

Learn how to Build, Grow & Protect YOUR Nest Egg ➥➥➥ There are important improvements coming to retirement plans through the SECURE Act 2.0 recently passed by the House of Representatives and expected to be passed by the Senate this year. To take advantage of these changes, it is crucial that you understand how to build and manage your Retirement Portfolio the proper way. Learn how VectorVest can help. BIG Changes Coming to your 401K!! | VectorVest Use this link for a FREE Stock Analysis Report ➥➥➥ Try VectorVest for only $0.99 ➥➥➥ VectorVest mobile app ➥➥➥ SUBSCRIBE To The VectorVest Channel ➥➥➥ ➥➥➥ FOLLOW VECTORVEST Twitter ⇢ Facebook ⇢ Learn more about VectorVest: Disclaimer All investors should be aware of the risks involved in implementing aggressive strategies. They should not assume that future results will be profitable or will equal representations of past performance; real, indicated or implied. VectorVest, Inc., its employees or affiliates

401k investing retirement planning retirement investing How to Invest your 401k For many, your 401k may be your single largest retirement savings investment. Do you understand your investment options? In this video I discuss... ** Target Date Funds ** Mutual Funds ** Collective Investment Trusts ** Advice from your plan provider ** Self Direct 401k Option ** Exchange Traded Funds in your 401k (ETF's) Thank you for watching! Please subscribe to our channel if you like the content. Retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retirement planning and financial Education! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. The Retirement Time Machine online course! Over 13 h