Timothy Sumer

FREE WEBINAR: "The Secret Retirement Plan Big Finance Doesn't Want You To Know About": Want to schedule a consultation? Click here: Disclaimer: Please consult with your own tax, legal and financial advisors for personalized advice. 00:00 Intro 00:34 What is a 457b 01:00 How 457b Accounts Help You Save 03:08 Contribution Limits 05:48 Withdrawal Features 06:35 Are there ROTH 457b 06:55 Are you required to take RMDs from a 457? 07:11 How are distributions taxed? 07:59 Can you rollover a 457 A 457 b is a tax advantaged retirement savings plan. In some ways its pretty similar to the more common 401k plan or even TSP or 403b plans 401k plans are much more likely to be offered at a private for profit company TSPs are usually offered to employees of the federal government 457bs and 403bs are usually offered to employees of non profit organizations, local and municipal government employees, or employees of public safety organizations such as law enforcement or

Frank Finance explains 401k, Roth 401k, 403b, Roth 403b,IRA, Roth IRA, 457b, and 457b Roth retirement accounts. Contribution limits, Roth vs Traditional, Age limits, Early withdrawals, and early withdrawal penalties are discussed. Please Subscribe and click the notification bell to get notified of future content. If you like my content please give me thumbs up, that helps a lot. 4 Steps to Wealth Compounding Interest #retirement #401k #rothvstraditional #ira Frank will be Frank about how to save and invest in order to reach financial independence. Topics will be about Saving, Investing, Stock analysis, and Market news. Frank Finance looks to build up others by providing information that is meant to inform viewers on strategies and techniques as applied to saving and investing. I am not a financial advisor. Not all topics are meant for every viewer and are geared toward education. I am passionate about saving & investing and seek to motivate my viewers, so that t

Add me on Insta: michellemarki 2023 Contribution Limits: $22,500 for 401(k), 403(b), most 457 plans, and Thrift Savings Plan (TSP) $6,500 for Roth IRA and Traditional IRA (Individual retirement account ) $3,850 Individual and $7,750 Family for Health Savings Account (HSA) This totals at least $32,850 you could be stashing away for retirement and/or medical expenses! And don't forget if you're over 50/55 there are some catch up contributions you can make to some of the above tax-advantaged retirement accounts! If you're interested in learning how to take control of your finances and start becoming an investor like Warren Buffett, check out my free PDF guide: I look forward to making more investor friends! Please like and subscribe if you learned something or enjoyed my video. Thank you! :) --- Add me: Check out my Blog: --- Disclaimers: This content is for entertainment, information, education purposes only. Michelle is not a financial advisor and is not

A lot of us with full time jobs in healthcare or other professional fields end up having income taxes take up the biggest chunk of our expenses, because of the higher salary. In this video I go through all the tax strategies for high income earners that I've learned since graduating. Links: My Airbnb Calculator (Free!) - Airbnb hosting ($40 bonus, with me as your ambassador) - These people have some useful content on taxes (not affiliated with them / they have no idea who i am and they didn't endorse this, just sharing a resource I found helpful) @TheRealEstateCPA @ochowealth Business credit cards: American Express Blue Business Cash ($500 cash bonus, 0% APR 12 months, and 2% cash back on spend) Chase Ink Unlimited (cash bonus of $750, 0% APR 12 months, and 1.5% cash back on spend) - ------------- Table of contents: 0:00 Intro 1:00 Level 1 7:06 Level 2 9:48 Level 3 20:08 Caveats --------------- Gear: Canon DSLR Wide angle lens Elgato Ring light Rode

In This video we'll help you decide if, when a spouse passes away, a SPOUSAL ROLLOVER or INHERITED IRA is the best option for your unique situation .There are a lot of rules and regulations surrounding IRAs, and it can be hard to understand them all. In this video, we'll help you understand the different options and help you decide which is best for you. 0:00 When a spouse leaves an IRA, 401k or 403b should surviving spouse do a Spousal Rollover or an Inherited IRA? 0:24 Depends on relative age of deceased spouse, Pre- 59 1/2 early withdrawal penalties, and age 72 and up Required Minimum Distributions / RMDs 0:46 If deceased spouse was older than you 1:32 If deceased spouse was younger than you 2:02 SECURE ACT / 10-Year Rule 2:20 Revocable / Irrevocable nature of your options 2:34 Remember to update beneficiaries on your OWN accounts! WHO'LL GET YOUR MONEY WHEN YOU DIE? ARE YOUR BENEFICIARIES UP TO DATE? Schedule an appointment to consult with us: Email (Cla

With the IRS and Treasury Department releasing their long-awaited, proposed 457(f) regulations regarding deferred compensation plans, it is important to understand how these new standards and rules may apply to programs at your organization. The webinar will be led by Gallagher Integrated’s Total Compensation and Rewards thought leader Toni Dolby, in conjunction with Kirk Sherman and James Patterson, attorneys with Sherman & Patterson Attorneys at Law.... ( 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 The Internal Revenue Service (IRS) recently released proposed regulations for 457(f) deferred compensation plans. The proposed regulations provide guidance on how employers and plan sponsors can design and operate 457(f) plans in order to comply with the rules and regulations set forth by the IRS. In order to help e

Government Take Over Of Your Retirement Accounts "Automicatic IRAs" government-mandated workplace retirement programs, Government Mandated retirement account ... ( 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 Retirement accounts, such as IRAs, 401Ks, 403Bs, and 457s, are a great way for individuals to save for retirement. But could the government ever take over these accounts? The short answer is no. Under current law, the government cannot take over your retirement accounts. In fact, the government actually protects your retirement accounts from creditors, so even if you declare bankruptcy, your retirement accounts are safe. That said, there are a few scenarios where the government could potentially gain access to your retirement accounts. For example, if you owe back taxes to the government, the IRS can s

The CZ 457 Varmint Match Target Rifle in .22lr is a great rifle to hone your precision skills with. My wife and I have both fallen in love with this one. This video was recorded at The Buffalo Range. This is a viewer funded channel. Support Buffalo's Outdoors on Patreon - Check out the Dayattherange channel here- This is a viewer funded channel. Support Buffalo's Outdoors on Patreon - I'm also on Facebook-- and Instagram-- For bits of my everyday life check out my other YouTube channel, it's called Down On The Range-- Thanks to Greg Wilson and his daughter Megan for providing the banjo music. - Disclaimer: My videos are for entertainment purposes only, imitation or the use of any instruction shown in this video is done at your own risk. Buffalo's Outdoors/BMCTrip or any other party involved in the making of this video will not be held liable for any injury to yourself (or others) or damage to your firearms resulting from attempting anythin

Preparing for retirement begins around age 18 and it continues up until your '60s. There are many options to choose from when it comes to saving your money, so we decided to make a series of videos exploring those options. In this first video, we are going to discuss employer sponsored retirement plans like the 401k, 403b, and the 457 plan. We make videos like this to help everyone like us save money or take advantage of any existing opportunities out there to gain Financial Freedom. For more videos like this, please like, share, subscribe, and hit that bell to get notified of our latest videos. Disclaimer: All we talk about or review in this channel is just our opinion. We are not financial advisers. For seeking a professional financial advice talk to licensed professionals. #retirement #retirementoptions #401k #403b #457 #employersponsoredretirementplan... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation H

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

A common misconception is that you can take all your RMDs from one tax-deferred account. But, that’s not exactly true! In this video, we discuss the accounts that you can mix and those that you cannot. We also share some key strategies to help simplify your required minimum distributions. Have a question about Personal Finance, Federal Benefits, or retirement planning ? Post in the comments section or contact us at: Are you seeking a financial planner who specializes in working with federal employees? Schedule a free consultation at: Connect with Fedway Financial on Social Media: Connect with Jerel Harvey on Social Media: #TheMoneyBriefing #RequiredMinimumDistribution #RMD 🎵 Music provided by LAKEY INSPIRED – Chill Day Disclaimer: All content on this site is for general information purposes only and is not intended to provide any personalized financial advice.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account

FREE Estate Planning Checklist: Why I Hate 401k, 403b, 457 Basically all government controlled retirement plan Have you gotten your copy of Creating Generational Wealth: What the Super Wealthy Know that You Need to Know Only one thing stands between you and the generational wealth you desire to create: developing a proven, time-tested plan based on solid information. The wealthiest families and institutions around the globe use this approach every single day. Eighty percent of Americans do not have the information they need to create financial stability or generational wealth. While it may seem like you have to be wealthy to generate even more wealth, nothing can be further from the truth. There are no secrets! In this powerful resource, wealth strategist Douglas A. C. Eze draws on his personal journey from immigrant to financial expert, extensive experience with wealthy clients and decades of research to reveal a practical approach that helps every day, ordinary people

Are you relying on your pension to give you the income you need in retirement? A 403b or 457b plan may be needed to help you maintain your income during your golden years.... ( 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/403b-457b-plans/?feed_id=43744&_unique_id=6382f84f3d70b #Inflation #Retirement #GoldIRA #Wealth #Investing #uniret #403b #457 #457b #LifetimeIncome #lifetimeincome #pension #pensionincome #Retirement #403b #uniret #403b #457 #457b #LifetimeIncome #lifetimeincome #pension #pensionincome #Retirement

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

Do you know how much money you should be contributing to your employer sponsored retirement plan ? We offer a seminar that can educate you on some of the tips and tricks to help you secure your future. Mike Scarborough, President and CEO of Oak Wealth Partners, Inc. is known for innovating the industry of managing monies for individuals in qualified plans. Mike earned his MBA in finance from Baldwin-Wallace College and his Bachelor of Science degree in finance from Salisbury State University. In 2005 Mike was awarded an Honorary Doctorate for Public Service from Salisbury State University. He has taught personal finance and economics courses at Johns Hopkins University and Salisbury State University. Mike has appeared on several television networks and has been featured in print media and national publications such as Kiplinger's Personal Finance Magazine, Money Magazine, Pensions & Investments, USA Today and the Wall Street Journal. Mike has written two b