In today’s video we are discussing why having a Roth IRA is an absolute must, especially if you have just lost your job. How the Latest Jobs Report Affects YOU [Must WATCH]: I Lost My Job. Can I Draw from My Retirement without Penalty: ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Follow us on Twitter! ✅ Check out our site for more tips If you have lost your job, got laid off, or just decided to quit, you may need to tap into your retirement funds. If so, your go-to source for funds should be your Roth IRA first! (If you don’t have one, they are easy to open – Almost anyone can open one if you have earned income.) Here’s why: You will pay NO penalty on withdrawals of your contributions at any time. You will pay NO taxes on withdrawals of your contributions at any time. Contributions withdrawn do not count as income towards Unemployment benefits! This is HUGE!!! Roth IRA’s have better terms for early withdrawals than a traditional IR
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)