Timothy Sumer

This week's live will pick up from last week's topic: Roth Conversions. Last week I explained what a Roth conversion is and why they are the ultimate in delayed gratification! Why is this the case? Because whatever you convert will cost you in taxes NOW. You do a conversion because you know the prepayment of retirement taxes will be worth it in the future. This week with when you should think about utilizing this strategy. Because Roth conversions can cost you money in taxes today, you want to be strategic about when you implement this financial tactic. Remember, Financial Freedom is found through Discipline 👏 01:42 – Stream starts 💸 Access Financial Freedom Resources: 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 01:42 – Stream starts 04:02 – What is a Roth IRA (quick summ...

#403b #retirement #retirementplanning What are an employee sponsored plans? Don't sleep on the power of your 401k or 403b! Employee retirements plans will help you maximize your retirement savings with automatic payroll deductions. Later on down the line, you might be able to roll these monies into a Roth IRA to maximize your retirement saving benefits. Learn more about roth conversions here: Financial freedom is found through discipline. 💸 Access Financial Freedom Resources: 🚀 Join My FREE Retirement Planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Employer-Sponsored Retirement Plans (401k & 403b): A Beacon of Financial Securit...

This live we discuss the Backdoor Roth IRA concept. We outline: 1. What is a "Backdoor Roth Conversion." 2. Who should be using this strategy. 3. How to fund a Backdoor Roth IRA & the long-term benefits of having Roth money in retirement. Remember, Financial freedom is a process, not a destination! Stream starts: 2:02 📚 Online Courses Now Available! : 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 02:02 – Stream starts 03:02 – What is a Roth IRA? 03:55 – Roth IRA vs Traditional IRA 06:54 – The argument for a Roth IRA 08:45 – Different methods for Roth savings 10:54 – The backdoor Roth conversion strategy 13:36 – How often should I be contributing to a Roth? 14:25 – Closing tips for the backdoor Roth IRA #rothira #rothconversion #retirement... ( read more ) LEARN MORE ABOUT: ...

www.deborahkoval.com - Roth IRA is a good choice if you'll have high income in the future when you need to withdraw the funds. The contributions of Roth IRA are not tax deductible. However, when you withdraw them, they are tax-free.... ( 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 Traditional IRA and Roth IRA: Understanding the Differences When it comes to saving for retirement, there are several options available to individuals. Two of the most popular choices are Traditional IRA and Roth IRA. Both of these retirement savings accounts offer tax advantages, but they differ in terms of when taxes are paid and distribution rules. Let us explore the key features and benefits of each. Traditional IRA: A Traditional IRA is a tax-advantaged retirement account that allows individuals to contribute pre-tax money, meaning contributions are...