Timothy Sumer

Today on Your Money, Your Wealth® podcast 403 with Joe Anderson, CFP® and Big Al Clopine, CPA, following the Fed’s fourth consecutive interest rate hike last week, should you be changing your investing strategy to time this inflationary market, moving from bonds to 3-year annuity CDs? Plus, Joe and Big Al spitball on asset location and Roth conversions for the in-laws, and a net unrealized appreciation (NUA) strategy for company stock in a 401(k). They also discuss whether extra home mortgage payments are part of an investment portfolio, and what real estate expenses are tax deductible. Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: 00:00 - Intro 00:48 - Inflation Investing Strategy: 3-Year Annuity CD Vs. Bonds 12:58 - How to Invest When Inflation is Raging - Read the Blog: Download Pursuing a Better Investment Experience Guide: 13:24 - Net Unrealized Appreciation NUA Strategy for Company Stock in My 401(k)? (Bob, Medina, OH) 20:24 - Should

How much will money will you need in retirement, adjusted for inflation? Today on Your Money, Your Wealth® podcast 431, Joe Anderson, CFP® and Big Al Clopine, CPA spitball on your future dollars, how to calculate the tax on Roth conversions, and the benefits of converting to Roth in down markets. Plus, should retirement savings contributions be half pre-tax and half post-tax? And finally, saving to a 529 plan for your kids, or sending them to Hollywood stunt training camp - which would you do!? 00:00 - Intro 00:49 - How Much Will I Need to Retire in Future (Inflated) Dollars? (Jared, Clifton Park, NY) 05:51 - Can We Retire Early With $400K Savings and $80K Pensions? That Depends on the Inflation Factor (Marcus, Queens, NYC - from episode 373) 14:36 - Big Al’s Quick Retirement Calculator - download: 15:22 - How to Calculate Tax on Roth Conversions & the Benefits of Converting in Down Markets (Robin) 20:00 - Should I Save Half Pre-Tax and Half-Post Tax for Retirement? (

Multi-year guaranteed rate annuities are often compared to CDs, and when looking at them as an overall strategy for your retirement plan , it's worth understanding what they are and how they can be beneficial. Annuity Education: #Annuity #retirementplanning #TroySharpe Working with a CFP® professional can be an important step toward reaching your financial goals. Not only do these advisors meet rigorous education and experience requirements, but they are also held to some of the highest ethical and professional standards in the industry. Education CFP® professionals must master nearly 100 integrated financial planning topics, including: - Investment planning - Tax planning - Retirement planning - Estate planning - Insurance planning - Financial management In addition to completing a comprehensive financial planning curriculum approved by the CFP Board, or equivalent academic coursework, CFP® professionals are required to complete continuing education coursework,

In order to retire comfortably at age 60, what should you be doing with your finances when you’re in your 20s? A framework for getting started planning for retirement, today on Your Money, Your Wealth® podcast 419 with Joe Anderson, CFP® and Big Al Clopine, CPA. Plus, if you’re a small business with a SIMPLE IRA plan, is it stupid to save for retirement in a brokerage account rather than a traditional IRA? If you inherited money and promised to donate to charity, should you do Roth conversions? What’s the most efficient way to pay financial advisor fees, and what’s a good strategy for making pre-tax and post-tax retirement contributions? Podcast show notes, free financial resources, Ask Joe & Big Al On Air: 00:00 - Intro 00:51 - A Framework for Getting Started in Planning for Retirement (Anonymous) 05:36 - I’m 24. What Should I Do to Retire Comfortably at 60? Michael, 24 (Binghamton, NY) 11:18 - Cracking the Code to Succeeding Financially at Any Age - Watch YMYW &

"I have a difference of opinion with our financial advisor as it relates to Roth conversions that I would like to get your perspective on. Our retirement assets include $1.7M in traditional IRAs, $220K in a Roth IRA, $81K in an HSA and $865K in taxable brokerage accounts and cash. Our investments are mostly balanced between stock and bond index funds, with a cash reserve to cover 2-3 years living expenses. I collect a pension from my former employer of $62K/year. We are deferring our Social Security until age 70 at which time we expect to get around $78K/year. That plus a deferred fixed annuity should give us around $150K/year of lifetime income by age 70. I want to draw down the traditional IRAs during our “gap” years and pay the taxes now at the current historically low rates, maxing out the 22% bracket each year (no state income tax in Florida). This amounts to about $150K of traditional IRA distributions each year. I am allocating $50K of the $150K of IRA withdrawals

Mega Backdoor Roth IRA for high income earners - Nabil Bilo Bouab... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA The Mega Backdoor Roth is a retirement savings strategy that many individuals may not be familiar with, but it can prove to be a powerful tool for boosting tax-free income in retirement. One person who has extensively studied and implemented this strategy is Nabil Bilo Bouab. Nabil Bilo Bouab is a financial advisor and retirement planning expert who has helped countless individuals achieve their retirement goals. He has dedicated a significant amount of time and effort to researching and understanding the Mega Backdoor Roth and has successfully implemented this strategy for himself and his clients. His expertise on the subject has made him a trusted resource in the field of retirement planning . But what exactly is the Mega Backd

Do you know what the most important steps are that you can take today to grow your wealth? Regardless of your age or where you are in life with saving for retirement, today’s show is for you. Joe Anderson, CFP®, and Big Al Clopine, CPA give you the steps to success to grow your wealth at any age! Download the Guide to Growing Your Wealth: 0:00 - Intro 1:52 - Steps to Success 3:16 - Asset Allocation 5:15 - Account for Inflation 6:21 - Download: Grow Your Wealth Guide 7:11 - True/False: Most retirees surveyed say they saved more money than they needed in retirement 7:41 - Investing Early 8:37 - Missteps and Catch-ups 9:43 - $1 Million at Retirement 11:15 - Retirement Income and Spending 13:49 - Download: Grow Your Wealth Guide 14:25 - True/False: If I make too much money I can’t invest in a Roth account. 15:32 - Roth Income Limits and Contribution Limits 17:57 - IRA Income Limits and Contribution Limits 18:40 - Tax-Smart Strategies 20:00 - Ask the Experts: My financial

Have you ever wondered when it comes to taking money out of your retirement account , if you should take it from your Pre-Tax TSP or your Roth TSP? In this video, Micah helps you make an educated decision as you plan your federal retirement! You can find the full article here: Leave us a comment below and let us know what your plan is for your retirement account withdrawals from your TSP! -=-=-=-=- Want to learn more about how you can plan for your federal retirement? Then check out: Plan Your Federal Retirement Website: Do you like listening to podcasts? Want to specifically learn how to better plan for your federal retirement? Then check out: Plan Your Federal Retirement Podcast: Are you looking to work with a financial planner who specializes in the intricacies involved with the federal employee retirement system? Then check us out: Shilanski & Associates, INC.: Also, follow me at these places below and say hi! LinkedIn: Facebook: Until next time, ha

How do you maximize the value you’re getting out of your 401(k), IRA or 457(b) plan from a tax standpoint today – and in the future? In today's episode of the Retire With Purpose podcast, we discuss three misconceptions of tax-advantaged retirement accounts, as well as how a Roth can act similarly to a non-dividend paying stock. Join us as we explore: * The difference between traditional Traditional and Roth contributions. * How a Roth can be utilized within a traditional 401(k). * Why you need to pay attention to RMD requirements for traditional retirement accounts. * The tax impact of Roth contributions versus traditional account contributions. 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ==================== YOUR HOSTS

Is your money best maximized by contributing to a Roth IRA or a traditional IRA? And, does it really matter at the end of the day? It all depends on your unique financial situation and last but not least, TAXES. Find out why here. 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ==================== ABOUT YOUR HOST CASEY WEADE: Casey Weade is the CEO and Founder of Howard Bailey Financial. He graduated from Stetson University with a Bachelor's degree in Finance, and is a CERTIFIED FINANCIAL PLANNER™ (CFP®), Retirement Income Certified Professional® (RICP®), Chartered Life Underwriter® (CLU®), as well as a certified Chartered Financial Consultant® (ChFC®). In addition, Casey is an Investment Advisor Representative (IAR), is license

#schoolofpersonalfinance #whatisanira #personalfinance #moneybasics #financialfreedom What is an IRA? Should I open a Roth or Traditional IRA? Is a Roth IRA better than a Traditional IRA? What should I invest in my IRA? Where should I open an IRA? How does an IRA work? Answers to these questions and many more in this episode of the School of Personal Finance. Subscribe Here: Share this video with a friend: Check out School of Personal Finance: ★ CONNECT WITH RICH ON SOCIAL★ ▸Twitter: ▸Instagram: ▸Facebook: ▸Linked In: IRA's are a powerful way to save for retirement. Learn all about the different ways you can benefit from an IRA right here in this video.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Write an article about What is an IRA? Traditional vs Roth IRA in English https://inflationprotection.org/rewrit

Annuities for Retirement. How to use Income Rider Quote Tool to calculate your Guaranteed Lifetime Income Payout in Retirement. The tool is available and free to use at our website at 00:00 Introduction 09:04 Barron's list of the world's top annuities 00:50 Income Rider Quote Tool for Guaranteed Lifetime Income 01:10 Market Risk and Annuities 01:30 Analogy of Annuities to Social Security 01:50 Different Type of Annuity Contracts and Companies 02:42 Annuities as Part of a retirement plan 03:00 Income Rider Quote Tool Demo on oakharvestfg.com 03:39 Guaranteed Lifetime Income for You and Your Spouse 04:41 List of guaranteed Lifetime Income Amounts and Insurance Companies 5:40 Getting Help in Adding Guaranteed Lifetime Income to Your Retirement Portfolio 5:47 Annuities with Annual fee and Annuities without 06:51 The Annuities Payout Factor 07:20 How Annuities Compare to an Investment Account 09:29 The Benefits of Deferral 10:45 Book a Free Consultation Do you nee

When you leave a job, you should stop and think about rolling your 401(k) into a 401(k) Rollover IRA. Instead of automatically transferring it to your new employer's plan. You could benefit from several advantages of a rolling your retirement plan savings into an IRA. Advantages may include 1) Greater Control and Flexibility; 2) Lower Fees; 3) Portability; 4) Improved Estate Planning. Ray Contact or text Ray Higgins at (858) 251-6873. Email Ray: raymond.higgins@higginscapital.com Higgins Capital is a San Diego fiduciary financial advisor and wealth manager. Subscribe to this YouTube Channel Now: Download FREE Financial Resources from this episode: Sign up for the Higgins Capital Newsletter: Download The Higgins Capital Net Worth Tool: Our focus is investment management and financial planning. We share our knowledge for your benefit. We emphasize Vision, Transparency and Trust to help you focus on the things you can control and the things you can’t. Visit o