Timothy Sumer

Roth conversions have become a hot topic and for a good reason. After paying taxes throughout your working life, it would certainly be nice to strategically reduce taxes during retirement, if feasible. Nevertheless, the viability of a Roth conversion depends on individual circumstances, and after reviewing hundreds of Roth conversion plans, we've observed three primary reasons why a Roth conversion may be beneficial. In this video we'll explore each of these reasons. Want your own Roth conversion analysis? Find out more here 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other

If you’ve read any of the Motley Fool articles you’ve probably seen their closing paragraph. It says “The $16,728 Social Security bonus most retirees completely overlook. If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies.” Hmmm..what's this all about? ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income l

The order in which you withdraw your funds during retirement can greatly impact the taxes you owe and the longevity of your savings. In this video, we'll explore a unique approach to taking withdrawals, which is often overlooked. If you're considering retirement or have recently retired, watching this video will provide valuable insights to help you make the most of your savings. 👉🏻 Get a plan that optimizes your retirement income. Start here 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The

Today we're talking about the new proposal to eliminate the taxes on Social Security Benefits. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- 📊 Get a customized Social Security filing plan. Start with a 10-minute discovery call with my team of Registered Social Security Analysts → Financial Advisors! Become

WATCH THE FULL VIDEO HERE!! What is the best age to claim your Social Security? Some say claim Social Security early at 62. Others say to start when you turn 65 or wait until your Full Retirement Age, or even max out Social Security at 70. Unfortunately, many times the Social Security calculators or advice given is wrong! Even if you have already started your Social Security, please forward this video to those who have not started it yet. That's why in today’s video, we are going to go against the most common suggestion: “maximize your Social Security or wait until your Full Retirement Age or even 70!” While there are cases to delay your Social Security, learn why maximizing your Social Security by delaying it until you are older “could actually hurt your retirement savings, increase your taxes, and your Medicare Part B and Part D premiums.” Pay attention to situations and a real-life example where claiming your Social Security early, even at age 65, might be the

It’s a shock to some people when they find out they can’t receive Social Security benefits as soon as they turn 62. The SSA has A LOT of strange rules. But there’s one that takes this to a whole new level and its called the “day before” rule. This rule says that your Social Security birthday is the day before your actual birthday. This has a lot of impact in the Social Security system including a big impact to when you can receive Social Security benefits. ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income limits, tax tables, and other important rules to just one page. Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits

In today’s video, I’ll show you have to simplify your retirement plan and turn the confusion into confidence. Let’s build a plan that gets you and your family the retirement you deserve. Get started here 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- 📊 Get a customized Social Security filing plan. Start with a

What is the best age to claim your Social Security? Some say claim Social Security early at 62. Others say to start when you turn 65 or wait until your Full Retirement Age, or even max out Social Security at 70. Unfortunately, many times the Social Security calculators or advice given is wrong! Even if you have already started your Social Security, please forward this video to those who have not started it yet. That's why in today’s video, we are going to go against the most common suggestion: “maximize your Social Security or wait until your Full Retirement Age or even 70!” While there are cases to delay your Social Security, learn why maximizing your Social Security by delaying it until you are older “could actually hurt your retirement savings, increase your taxes, and your Medicare Part B and Part D premiums.” Pay attention to situations and a real-life example where claiming your Social Security early, even at age 65, might be the best age to claim. And stay

The calculation the IRS uses to determine how you pay taxes on retirement income creates a danger zone where taxes can be SIGNIFICANTLY amplified. If you fall into this danger zone, you could pay a MUCH higher tax rate on your retirement income. In today's video, I'll talk about how to avoid the pitfall of paying way too much in taxes. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax-Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into

There's one reason at the bottom of the bank failures. Here's how it could impact Social Security. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- 📊 Get a customized Social Security filing plan. Start with a 10-minute discovery call with a Registered Social Security Analyst → Financial Advisors! Become an

Most of the information and "advice" you find online makes the case that delaying your filing is always the right thing to do and thus filing for Social Security at 62 is almost always a bad idea.. There's a good reason for that thinking because filing for Social Security at 62 means taking reduced benefits FOR LIFE. But that advice is WAY too broad because it’s simply not true that filing at 62 is always a bad idea. This decision is highly dependent on your own personal set of factors. In fact, there are five specific circumstances when I think filing early makes the most sense and in this video were going to examine each of these. ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income limits, tax tables, and other important rules to just one page. Don

Since retirement income is all about the dollars you get to keep in your pocket, it’s helpful to know how much of your Social Security benefits you’ll have to give up in taxes. That’s what this taxable Social Security benefits calculator is designed to do: Give you an estimate of how much you’ll have to pay in taxes on your monthly benefits. ACCESS THE CALCULATOR HERE Before you use this calculator, it may be helpful for you to read a few of my articles on the taxation of Social Security in conjunction with using this calculator. --Taxes on Social Security --The Danger Zone In Social Security Taxation --The Double Taxation of Social Security ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income limits, tax tables, and other important rules to just one page. Do

We're talking about using a Social Security break even calculator. A tool like this can help you compare various filing ages to see which age will net you the highest total payments from Social Security over your lifetime. But you’ve got to know how to use these calculators correctly! I want to make sure you understand what a break even calculator does, who should use these calculators, the BIG problem with the calculators available today and finally I’ll tell you how to access my free Social Security Break Even Calculator that’s completely free. ACCESS THE CALCULATOR HERE Resources mentioned in the video: VIDEO - How To Determine The Right Age To File For Social Security SSA Life Expectancy Calculator Study: Life Expectancy As A Constructed Belief COLA History PNAS Article “Optimism is associated with exceptional longevity in 2 epidemiologic cohorts of men and women” ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential informatio

In this video, we're covering the new 2023 rules that apply if you want to work while collecting Social Security benefits. Then I'll answer some of the big questions like: → Does the Social Security Administration Look at Single or Joint Income? → What happens to benefits that are withheld if you go over the earnings limit? → How is the earnings limit actually applied? → When does the limit switch from an annual limit to a monthly limit? → Should you tell the social security administration if you are over the limit? → Will the earnings limit affect spousal or children's benefits? → What actually counts as Earnings? 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consid

Support Our Channel and Join our Exclusive Content on Patreon: Roth IRA vs 401K - How to Retire Faster: Get up to 12 Free Stocks valued between $34 and $30,600 when you open and fund a new Stock Account: The best way to support our channel is to share this video on your social media to spread awareness. We appreciate the support! For a FREE STOCK on Robinhood: Investing Mistakes to Avoid: Investing Tips for Beginners: Understanding Stocks and Investing: Taxes on Stocks Explained: Common Stock Terms: Dividend Stocks Explained: How to Bet Against Stocks: How to Use Call Options To Make You Passive Income: This is our TurboTax Link for your tax preparation needs: ClearValue Tax and affiliates and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal

Today, we're going to answer the BIG question. Can you afford to retire? I’ll show you how to estimate your retirement income based on your savings and then run it through a tax calculator to get the net amount of income you can expect. 👉 Get my retirement planning Cheat Sheet TaxAct Calculator from Blucora Calculator for Federal + State 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deepe