Timothy Sumer

How do you take money out of your 401(k)? Well. You need to have a qualifying event. This video highlights those qualifying events and has a brief overview of the tax implications of taking money out of your 401(k). ====================== My industry is so regulated that I’m not able to answer comments here. Have a clarifying question? Facebook message us: Want to get started working with me? In the meantime – like & subscribe if you like what you see. ====================== Obligatory disclaimers: Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory services offered through Kestra Advisory Services LLC (Kestra AS) an affiliate of KestraIS. Pleasant Wealth, LLC is not affiliated with Kestra IS or Kestra AS. Anyone considering a 401(k) in-service distribution should refer to the plan document, which specifies whether an in-service distribution provision is available and the conditions under which

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 Contributions withdrawn do not count as income towards Unemployment benefits!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

The 401(k) is one of the most powerful wealth-building tools available, especially when planning for financial freedom in retirement. While accessing that money in retirement is pretty simple, gaining access to your savings if you retire before age 59½ is not so straightforward. On today’s episode of The Wise Money Show, Mike, Josh, and Kevin discuss two creative strategies that can help maximize the usefulness of your savings and minimize unforced errors when withdrawing from your retirement account .   Season 5 Episode 27 Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit www.korhorn.com or call 574-247-5898.  Find more information about the Wise Money Show™ at www.wisemoneyshow.com Be sure to stay up to date by following us! Facebook - Twitter - Instagram - Want more Wise Money™? Read our blog! Listen on Podcast: Subscribe on YouTube: Now on Spotify and Pandora - Search Wise Money

In case you didn't know, in response to the COVID-19 crisis the CARES Act was passed that made some temporary changes to retirement plans and as a result Huge Benefits For IRA/401(k)/403(b)/457 Plan Withdrawals and Loans! If you are unemployed or furloughed this is going to help you out tremendously and could help you survive financially. I did make a mistake in the video regarding how long you have to pay back the 401(k) loans. You only have 3 years to pay them back!... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/cares-act-huge-benefits-for-ira-401k-withdrawals-and-loans-for-unemployed-or-furloughed/?feed_id=54657&_unique_id=63ace9068f7a7 #Inflation #Retirement #GoldIRA #Wealth #Investing #401kcares #401kloan #401krules #401kwithdrawal #401kwithdrawals #403b #403bw

What is a 401k withdrawal – How to use a 401k withdrawal for retirement? 1-800-566-1002. What are the best types of 401k withdrawals for retirement and learn how you can avoid the most common mistakes that individuals have made when looking to take 401k withdrawal income. 401k account Through the 401K Withdrawal Rules Explained! It is quite irrefutable that having your own 401k retirement plan is a great means to save for your retirement. This is a kind of retirement plan which lets you set aside pre-tax dollars for later use particularly once you have decided to retire from your work or career. But what if you need instant cash right now? Can you count on or withdraw the amount which you have accumulated from your 401k retirement account ? Fortunately, this is already possible in this day and age. You only need to be aware on the 401k withdrawal rules in order to acquire cash for your immediate needs. If truth be told, withdrawing or cashing in your 401k retireme