Timothy Sumer

In this video, Bill talks about a fairly unknown conversion, which is converting a 529 Plan to a Roth IRA! Stick around as Bill discusses the details of this conversion. Thank you for watching! Please like the video and subscribe to the channel if you enjoy the content! 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. Our WealthVision Comprehensive Financial Plan: 4. Learn more about our retirement planning Course The Retirement Time Machine Tracking: 426335-1... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Convert Your 529 Plan to a Roth IRA 529 plans have become extremely popular as a w...

What Is The Best Option For College Savings? Get a FREE customized plan for your money. It only takes 3 minutes! Visit the Dave Ramsey store today for resources to help you take control of your money! Become a Channel Member today: Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more! Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country! Ramsey Network (Subscribe Now!) • The Ramsey Show (Highlights): • The Ramsey Show (Full Episodes): • The Dr. John Delony Show: • The Rachel Cr...

In this video, I'm going to go over exactly what a 529 College Savings Plan is and walk you through the different key factors you should be looking for when you're considering opening one up. Simply defined, a 529 is a state sponsored tax advantaged education savings plan designed to be used for qualifying educational expenses, including school tuition, room & board fees, books & supplies and even college meal plans. The first 529 plan was founded at the Michigan Education trust in 1986 as a College Tuition Savings plan, but over the years as more and more 529s began to emerge, the definition has grown to cover more types of educational expenses - and most recently in 2019, this investment vehicle's scope expanded to include K-12 private school tuition as well as registered vocational and trade school tuition, - like culinary institutes, cosmetology academies and film schools. 529 School Look Up Tool: ✔️✔️✔️✔️...

Are 529's Really the Best Way to Save for College? Say goodbye to debt forever. Start Ramsey+ for free: Visit the Dave Ramsey store today for resources to help you take control of your money! Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more! Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at: Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country! Ramsey Network (Subscribe Now!) • The Ramsey Show (Highlights): • The Ramsey Show (Full Episodes): • The Dr. John Delony Show: • The Rachel Cruze Show: • Anthony ONeal: • The Ken C...

529 to Roth IRA Rollover One big change from Secure Act 2.0 was the allowance of money to be rolled from a 529 account to a Roth IRA beginning in 2024. There’s a lot of fine print, which we’ll cover in a minute. But if you do everything correctly, you will be able to transfer up to $35,000 in your lifetime from a 529 account to your Roth IRA. That lifetime $35,000 limit is per person. And, you can do this transfer regardless of your income. Which is a big potential benefit for high income households who earn too much to be able to do regular Roth IRA contributions. Here’s the fine print you need to know about in order to take advantage of this. First, the 529 must have been opened for 15 years before you do the transfer to a Roth IRA. And, no 529 contributions, or earnings from contributions from the last 5 years are allowed to be transferred. Next, the owner of the Roth IRA must be the beneficiary of the 529. Most 529s are set up with a parent or grandparent as the...

Explore the best investment methods for your kid's future! The four most popular investments for your kid's future education fund: ► 529 College Saving Plan ► Minor/Custodial Saving Account ► Simple/Roth IRA Account ► Regular Brokerage Account #Investdad #kidinvestment #parent... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As parents, we have a responsibility to ensure our children have a bright future, and part of that includes setting them up for success when it comes to their education and financial well-being. One way to do this is by starting investment accounts for our children - but which option should we choose? Should we open a 529 College Plan, save through a minor savings account, or consider an IRA or brokerage account for our kids? Let's take a closer look at each option. A 529 College Plan is specifical...

Did you know you can use a Roth IRA to pay for college? Schedule a FREE consultation: My name is Drew Schlotter, and I am a Certified College Financial Consultant helping families figure out the whole "money thing" around college. This video is NOT sponsored. ===================== Connect with us! ===================== Website: LinkedIn: ===================== Subscribe! ===================== YT: @CollegeMoneyTalk ===================== TIME CODES: 0:00 ===================== Disclosure: The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Woodson Wealth Management and Consulting Inc. (referred to as “WWM”) disclaims all warranties, express or implied, including, but not limited to, implied warranties of merchantability, non-infringement, and suitability for a particular purpose. WWM does not warrant that the information will be free from e...

A GREAT development with 529 plans may change your decisions on how to save for college. MORE CLARK.COM CONTENT YOU MAY LIKE: ► clark.com/personal-finance-credit/investing-retirement/529-plan/ ► clark.com/employment-military/high-paying-jobs-no-degree/ ► clark.com/education/9-ways-to-pay-for-college-without-student-loans/ Clark.com: Advice You Can Trust: SUBSCRIBE ► NEWSLETTER ► Follow Us for More Money Tips: Website ► Podcast ► Twitter ► Clark Howard Instagram ► Clark Howard Facebook ► Clark Deals Facebook ► Clark Deals Instagram ► For the very best deals and money-saving shopping tips ► www.clarkdeals.com Need Consumer Advice? Need advice? The Consumer Action Center is a free community resource for advice on money and consumer issues. Call 636-49C-LARK (636-492-5275) and a member of Team Clark will assist you as soon as possible. The Consumer Action Center is available Monday-Friday from 10 a.m. to 4 p.m. ET. If you found this video valuable, give it a like. I...

Today Tank talks about the NEW Features of 529 Plans & Madame CJ Walker 15 Minutes of Finance #WealthOurWay #Finance #financial #FinancialEducation #smartmoney -------------------------------------------------------- Subscribe to the Wealth Our Way Network: @wealthourwaynetwork Connect with us on Instagram at: Connect with on Facebook at: Connect with us on Twitter at: Connect with on LinkedIn at: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Episode 206 of the podcast explores a financial strategy that could potentially benefit your kids in the long run - converting a 529 plan to a Roth IRA. This conversion can provide an array of advantages that may enhance their financial future. For those who may not be familiar, a 529 plan is an education savings account that allows parents to save money for their child's higher ed...

Show Notes: 5 Key Changes to your IRA/401k as result of Secure Act 2.0 being signed into law. 1) Delayed RMD age. 2) Qualified Charitable Distribution (QCD) improvements. 3) Roth options in employer plans 4) Leftover 529 balances to a Roth IRA. 5) Missed RMD penalty reduced. Watch the video to learn more! Questions? Email us at Hans@CardinalGuide.com, call us at (919) 535-8261, or visit our website at H E Scheil & Associates doing business as Cardinal Advisors holds an insurance license in all 50 states and DC. Listed below is the license # in each individual state. Alabama 675461, Alaska. 100118081, Arizona. 1800012348, Arkansas 100104794, California 0K32569, Colorado 464622, Connecticut 2463129, Delaware 1119857, DC 2887040, Florida L087124, Georgia 159539, Hawaii 445296, Idaho 507076, Illinois 100333675, Indiana 721739, Iowa. 1002056691, Kansas. 272705345, Kentucky 738674, Louisiana 614407, Maine AGN249408, Maryland 100048542, Massachusetts 2006645, Michigan 01042...

In this video, Colin Exelby, CFP® explains the changes that are taking effect immediately and changes that will be phased in through Secure Act 2.0. It is divided into three sections to make it easier for you: • In the first section are changes that apply right now to people who are currently contributing. • In the second section are changes that apply right now for people planning for or taking retirement distributions. • In the third section are changes that will apply in the next few years. Secure Act 2.0 was pushed through on December 31st, 2022 and these retirement plan changes will affect everyone differently. It will affect you if you are contributing for retirement and It will affect you if you are withdrawing funds in retirement to live on. The hope is that these retirement changes will make it easier for people to save for retirement and give more options for withdrawing funds efficiently. TIMESTAMPS 3:37 - Changes Effective Immediately for Contributors 7:37 - R...

On episode 74 of Ask The Compound, Ben Carlson and Duncan Hill are joined by RWM CFO and Tax Ninja Bill Sweet to discuss asset allocation, saving for a house, tax efficient rollovers, tax loss harvesting, and much more! Submit your questions to askthecompoundshow@gmail.com! ►00:00 - Intro ►01:53 - Asset allocation ►09:10 - Saving for a house ►14:02 - SEP IRAs ►19:01 - Tax efficient rollovers ►24:00 - 401K vs. ROTH ►27:14 - Tax loss harvesting 👕 Check out The Compound shop: 🎙️ Listen to our podcasts: The Compound and Friends: Animal Spirits: Ask The Compound: Talk with us about your portfolio or financial plan here: Check out Ritholtz Wealth's automated investing platform, Liftoff: Instagram: Twitter: Tik Tok: Facebook: Investing involves the risk of loss. This podcast is for informational purposes only and should not be regarded as personalized investment advice or relied upon for investment decisions. Duncan Hill...

How can you reduce taxes, IRMAA, net investment income tax, and required minimum distributions when you’ve got too much money in your tax-deferred retirement account (traditional IRA) - and just how much Roth conversion should you do? That’s today on Your Money, Your Wealth® podcast 423 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, can you contribute to a Roth by transferring stocks “in kind”? If the check you send off to pay your estimated taxes isn’t cashed before the deadline is it late? How does SECURE 2.0 impact 529 plans, and is 529 better than Roth IRA for college savings? Finally, the fellas spitball a 401(k) in-plan Roth conversion and retirement account consolidation strategy. Podcast show notes, free financial resources, episode transcript: 00:00 - Intro 00:48 - We Have Too Much in Traditional IRA. How's Our Roth Conversion Plan? (Kelly, Idaho) 10:17 - Download the Tax Takedown Guide: Watch YMYW TV: Tax Takedown: 10:54 - Can I Make a Roth IRA Con...

#401k #HSA #RothIRA #529 #IRA #schoolofpersonalfinance #personalfinance #financialeducation #fire #financialindependence #richmccormack Learn more about having me be your financial advisor by joining my financial planning membership site - Links to Videos Mentioned: How to Get our of Debt -- All About HSA Accounts -- Traditional vs Roth IRA -- Why I Love My Roth IRA -- Benefits of a 529 Plan -- I am asked all the time which type of investment account is the best one to contribute to each year. The answer of course is "it depends on your situation". In this video, I discuss the different types of accounts and give you my prioritized order of which ones I think are best to contribute your hard earned money to. Subscribe Here: Share this video with a friend: Check out School of Personal Finance blog: ★ CONNECT WITH RICH ON SOCIAL★ ▸Twitter: ▸Instagram: ▸Facebook: ▸Linked In: To Becoming Great with Money, Rich McCormack, CFP® www.schoolofperson...