Timothy Sumer

In this video, Colin Exelby, CFP® will discuss the pros and cons of an In-Service 401(k) Rollover while shedding light on a valuable strategy for individuals who may not have changed jobs but are seeking greater control over their retirement savings.. Consolidating 401(k) accounts with an In-Service Rollover into a single IRA can simplify your financial life, making it easier to manage and track your retirement savings. It can be a powerful tool for increasing control over your retirement savings, but it's important to understand the advantages and disadvantages before deciding if it's right for you. ★☆★ 401k Loans Explained (You Should Take them More Often Than You May Think) ★☆★ ★☆★ Free 401(k) Rollover Checklist ★☆★ #1: ★☆★ Rocket Money (originally called as TrueBill) ★☆★ #2: ★☆★Personal Capital ★☆★ OTHER RESOURCES ★☆★ Financial Freedom 2023: How to Create a Tax-Free Retirement Income ★☆★ ★☆★ How to Create a 💯 % Tax-Free Retirement Income PLAY

🌟 Can I Retire at 60 with $500,000 and Collect Social Security Early? 🌟 As retirement planning becomes more personalized, many of us wonder about the possibilities and choices available to us. 🤔 One common question I often encounter is, "Can I retire at 60 with $500,000 and should I collect Social Security early?" 💰 The answer is, it depends! 🧐 While retiring at 60 with $500,000 in retirement savings is possible, it's essential to consider various factors: 📊 Retirement Situation: Evaluate your current savings, investments, and monthly expenses. 🔮 Social Security Benefits: Understand the impact of early Social Security collection on your benefits. 📈 Retirement Investment Strategies: Explore investment options to potentially grow your retirement savings. 💡 Lifestyle Choices: Determine the lifestyle you envision during retirement and how it aligns with your finances. It's crucial to consult with a financial advisor who can help you create a per

Episode #451 This “financial order of operations” could be your ticket to financial freedom. If most Americans followed these steps, they would find themselves debt-free, with full retirement accounts, passive income, and “wealth-accelerating” investments that only top-income earners can access. But you don’t need to make hundreds of thousands of dollars a year to follow this “Stairway to Wealth”; you just need to follow these steps! Andrew Giancola from “The Personal Finance Podcast” built the “Stairway to Wealth” after realizing that the common wealth-building plans, like Dave Ramsey’s “Baby Steps,” wouldn’t fit most people’s lifestyles. Instead, Andrew worked to develop a system that almost anyone could use, one that was tailored to TODAY’s financial environment and gave people more of a choice when it came to their investments. Following this nine-step plan, you can go from low cash and high debt to debt-free, financially safe and secure, and invested for your future.

Ever tried to blow up your retirement plan? If not, you better watch this video. You know what they say about best laid plans... Business Inquiries: info@wellbuiltwealth.ca Well Built Wealth: Intro (0:00) Planning for Storms (0:25) Stress-testing Your Retirement Plan (1:30) High Inflation (2:15) Lame Investment Returns (2:53) Market Crash (3:10) Early Death of a Spouse (3:29) A Whole Bunch of Bad at Once (4:13) Strategizing in Advance (5:13) Outro (6:22) DISCLAIMER: All videos on this channel (including this one) are for educational or entertainment purposes only. They are not (and are not intended to be) financial, investment or legal advice. It is our firm position that everyone has a unique situation and should seek professional advice on how best to navigate it. Rhys Martell is a Chartered Investment Manager (CIM), a Fellow of the Canadian Securities Industry (FCSI), a Qualified Associate Financial Planner (QAFP) and more. However, he is not registered to provid

Wondering how to retire early? This video covers the 5 areas to have covered if you want to retire early. Maybe you don't plan on waiting until Full Retirement Age, maybe you have been saving towards that "bucket list and want to get a jump start on it OR maybe you are just tired of the workforce and ready for financial independence. Through these tips, we've helped others, just like you, towards the goal of early retirement. Website: Facebook: LinkedIn: In the video, we cover 5 areas that you want to have covered when finalizing that early retirement date. 1. Your financial health -understanding the contribution phase vs. the retirement withdrawal phase ("Distribution") -Making sure your financial bucket is big enough -Tallying up your future expenses -having a financial emergency fund -stress test your portfolio 2. Social Security -The importance of having a social security strategy in place -Understanding the early retirement social secur

If you are facing the question of whether to apply for Social Security at 62 or wait for maximum benefits at 70, this video will outline my thought process behind my decision to wait for 70. Sure, some break-even calculations say why wait? But if you have a spouse counting on spousal benefits and more, the calculations could change. I am not a financial professional, so take this video as entertaining ideas from one educated consumer to another. Always do your own due diligence and seek professional counsel for your specific situation.... ( 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 Why I'm Waiting for 70! As the world has progressed in terms of advancements and achievements, it is not uncommon for many individuals to wait for significant milestones in their lives. Some eagerly wait for their 18th birthday to become an adu

Episode #452 If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today’s episode, we’ll touch on the common accounts you’ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible. And whether you’re just starting your retirement journey in your 40s, 50s, or 60s, or you’re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course,

🌟 Episode 1: Financial Freedom Unleashed 🌟 🔥 Overview 🔥 Unlock the doors to financial independence and early retirement as we delve into the principles of FIRE (Financial Independence, Retire Early), investment strategies, mindful spending, and the psychological intricacies of financial freedom. Whether you're just starting your journey or are well on your way, this episode offers a comprehensive guide to achieving a life unbound by financial constraints. Detailed TimeStamps In Every Live Stream Segment Video! 🚀 4:43 - Segment 1: The Journey to Financial Independence: A Critical Look at Early Retirement 🚀 Is early retirement the ultimate goal, or is it a path fraught with unforeseen challenges? We ignite a thought-provoking conversation that explores the allure and potential pitfalls of the FIRE movement. Hear stories from those who've thrived and those who've faced obstacles, and gain insights into the complexities of retiring early in today's econom

Can I Retire? 🌴 A Comprehensive Guide to Retirement Income Strategies Are you envisioning a future of relaxation, exploration, and new adventures in retirement? 🏖️🌄 Making the transition from a successful career to a fulfilling retirement requires careful planning and a solid understanding of various retirement income strategies. That's why I'm thrilled to share with you this comprehensive retirement guide to help you confidently answer the question, "Can I retire?" 📚 In this guide, we'll delve into a range of retirement income strategies that can help you maintain your desired retirement lifestyle while enjoying the fruits of your labor. From traditional options like Social Security and pensions to more modern approaches such as investments and passive income streams, we'll cover it all. 💰 Key Topics Covered: Know Your Numbers: Understand your current financial situation, including savings, investments, and anticipated expenses. A clear

One of the biggest changes of the past year has been the record number of Americans who are quitting their jobs. It’s so pronounced that it has a name. It’s called “The Great Resignation.” What The Great Resignation means for retirement planning is just one of the items on Christine Benz’ financial to-do list this year. Another major area of focus is adjusting to much higher inflation. Consumer Prices increased 7% in December versus a year ago, the fastest increase since 1982 and the third month in a row that inflation exceeded 6%. This elevated rate of inflation presents a big planning challenge. Benz, who is Morningstar's Director of Personal Finance, is joining us for the fourth year in a row to help us get in financial shape for a new year and will tackle these important changes among others. 00:00 Hello 00:48 Introduction 02:40 interview with Christine Benz 23:23 One Investment 24:52 Action Point WEALTHTRACK #1829 broadcast on January 14, 2022 #investing

Courtney Luke teaches you how to buy real estate with a self-directed IRA Episode 2412: How To Buy Real Estate With A Self-Directed IRA by Courtney Luke of Arrest Your Debt Arrest Your Debt is a wide-ranging personal finance website, yet focuses on helping first responders and people struggling with debt. The owners, Courtney and Ryan Luke have made it their mission to help people get out of debt and start building wealth on any income. There are three main areas of focus for Arrest Your Debt: 1. To provide trustworthy personal finance information to first responders. 2. To help first responders take control of their money and get out of debt. And 3. To provide valuable resources and references to first responders to help them grow their nest eggs and enjoy the retirement they deserve. Since 2009 when they started their journey toward financial literacy, they’ve been featured on MarketWatch, Forbes, Fox Business, Experian, MSN, Ladders, and USA Today The original post is

In this episode of JB Answers! John breaks down how Roth IRAs differ from Traditional! Still have questions? Submit yours now followed by #AskETC #rothira #education #youtubeshorts #youtube #IRA #investors #investing #realestateinvesting... ( 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 What's the difference between a Traditional and Roth IRA? When it comes to planning for retirement, Individual Retirement Accounts (IRAs) are an excellent tool that offer tax advantages. However, not all IRAs are created equal. Two popular types of IRAs are Traditional and Roth IRAs. Understanding the differences between them can help you make an informed decision about which one best suits your needs. 1. Tax Treatment: The key difference between Traditional and Roth IRAs lies in their tax treatment. With a Traditional IRA, contributions may be ta