Timothy Sumer

Jeff Dragon North Shore Retirement Advisors  (617) 855-9738 #financialadvisor #retirementplanning... ( 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 How to Avoid an IRA Rollover Mistake An Individual retirement account (IRA) is a popular investment option for individuals looking to secure their financial future. It offers tax advantages and a variety of investment options, making it an attractive choice for retirement savings. However, when it comes to rolling over your IRA, there are potential pitfalls you should be aware of to avoid any costly mistakes. In this article, we will discuss some essential tips on how to avoid an IRA rollover mistake. 1. Know the difference between a direct and indirect rollover: It's crucial to understand the two types of IRA rollovers. A direct rollover involves transferring funds from one IRA cust

In this video, I'm talking about the 401k retirement plan over contribution. What happens if you contribution more than the 401k retirement plan limit of $19,000. Contributing over the 401k retirement plan limit can cause you to have the 6% excess contribution tax. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your

Financial Legacy Associates (636) 777-4200 If you’re changing jobs or retiring, it’s important to know the rules regarding moving funds from your employer sponsored retirement plan. The wrong move could cost you in income taxes and early withdrawal penalties. There are two basic ways to move retirement plan assets from one retirement plan into another with no tax consequence. With a direct rollover your financial institution or plan directly transfers the payment to another plan or IRA; no taxes are withheld and your account continues to grow tax-deferred. With an indirect rollover, a check is made payable to you. You have 60 days to deposit it into a Rollover IRA - but indirect rollovers are subject to 20% withholding. For example, if you had $10,000 eligible to rollover, your employer would withhold $2000 and you’d get a check for $8,000. You’ll get the $2000 that was withheld back when you file a tax return, either as a refund or a credit toward any tax owed.

Financial Legacy Associates (636) 777-4200 If you’re changing jobs or retiring, it’s important to know the rules regarding moving funds from your employer sponsored retirement plan. The wrong move could cost you in income taxes and early withdrawal penalties. There are two basic ways to move retirement plan assets from one retirement plan into another with no tax consequence. With a direct rollover your financial institution or plan directly transfers the payment to another plan or IRA; no taxes are withheld and your account continues to grow tax-deferred. With an indirect rollover, a check is made payable to you. You have 60 days to deposit it into a Rollover IRA - but indirect rollovers are subject to 20% withholding. For example, if you had $10,000 eligible to rollover, your employer would withhold $2000 and you’d get a check for $8,000. You’ll get the $2000 that was withheld back when you file a tax return, either as a refund or a credit toward any tax owed.

Inherited IRA rules are messy and complex. But if your loved one passed away BEFORE 1/1/2020 and the SECURE Act, this video will help explain your next steps. Each detail, from RMDs to taxation, is important and has unique planning opportunities. CHAPTERS : 1:26 What is the SECURE Act? 2:36 What type of account is it? 3:29 What can you do with the money? 5:29 When do you have to take RMDs? 8:26 What are the tax implications of a full distribution? 9:23 What if there are multiple beneficiaries? 10:55 What are the opportunities for strategy? Read about the SECURE Act here : READ ARTICLE HERE : WEBSITE : BLOG : PODCAST : FACEBOOK : We are Financial Design Studio: Michelle, Steve, Rob, Trevore, Jake, Lisa, Anna. A team of experience, fee only, fiduciary financial advisors in Chicago. Our team specializes in tax efficient financial planning and investment management. With us on your side, you gain the clarity you need to confidently live your life. Part of our jo

The #1 Mistake People Make When They Use a Financial Advisor Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: 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 Coleman Show: • The Christy Wright Show: • EntreLeaders

The rules around Inherited IRAs are complex. If your loved one passed away AFTER 1/1/2020 and the SECURE Act, then this video is for you! We break down the different beneficiary types, what you are required to do, and the options you have available. CHAPTERS : 1:15 Information to Know 2:12 How does SECURE Act impact Beneficiaries? 2:56 What is an Eligible Designated Beneficiary? 3:35 What is a Designated Beneficiary? 3:58 What is a Non-Designated Beneficiary? 4:48 Eligible Designated Beneficiary Rules 5:57 Designated Beneficiary Rules 8:53 Non-Designated Beneficiary Rules 10:06 What kind of IRA Account? 11:49 Are you PRE-SECURE Act? Read more about the SECURE Act : READ ARTICLE HERE : Coming Soon WEBSITE : BLOG : PODCAST : FACEBOOK : We are Financial Design Studio: Michelle, Steve, Rob, Trevore, Jake, Lisa, Anna. A team of experience, fee only, fiduciary financial advisors in Chicago. Our team specializes in tax efficient financial planning and investment manag

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 Roth conversion is the process of moving assets from a traditional IRA to a Roth IRA. It's a smart financial move because a Roth IRA allows investors to take tax-free distributions in retirement, whereas distributions from traditional IRAs are taxed as ordinary income. The question is, when is the best time to do a Roth conversion? The answer to that question varies depending on everyone's personal situation. Some pe

#1 retirement planning in Oklahoma 405-418-6266 Are you seeking the best performing retirement planner, a retirement adviser, or perhaps a new retirement planning service who can produce better results? You've come to the right place. In this YouTube video you will see a retirement plan that is hands-down the strongest and most powerful plan you've ever been shown. Even though this plan has been around for more than 150 years, and even though it has been used by past Presidents of the United States, politicians, wealthy families, the largest banks in the world, and the most successful corporations in the word, it is estimated that less than 1 person in 1,000 has even heard of this plan before. Our Government actually has laws on the books (Regulation 570, Section 4.B) that prohibits the advertisement of these types of plans. Plus, the fees on these types of plans are so inexpensive, most financial professionals don't even bother with them. (They would ra

learn how an IRA Beneficiary trust can protect your assets and loved one's from unwanted tax burdens! At FRA Trust, we have the tools and professionals to help put your mind at ease! ----------------------------------------------------------------------------------------------------- SUBSCRIBE ~~~~ FREE ESTATE PLANNING CONSULTATION Claim Your FREE 15-minute Consultation to receive estate planning tips and asset protection. 👉 ~~~~ FINANCIAL PLANNING & RESOURCES Download two free chapters of my new book "A Significance First Retirement: Beating the Probability Theory" 👉 ~~~~ FOLLOW US: Instagram: Facebook: Twitter: LinkedIn: ~~~~ CONTACT US Phone: 800-279-9785 Email: info@fratrust.com ABOUT JOE ROOSEVANS: Joe RoosEvans is a widely recognized leader in wealth preservation, and in the financial services industry arena. An acknowledged wealth expert, radio talk show host, author of multiple bestselling books, and sought-after national sp

You have spent years saving up for retirement. Then you start to take out your retirement income and you have to pay taxes on it. How can you protect your retirement income? In this episode, Tom Selbo is joined by Chad Broberg, a wealth advisor at Landmark Wealth Management Group, in discussing Roth IRAs, their role in retirement and tax planning, and when you should consider adding them to your plan. Chad focuses on: - What a Roth conversion is - Why they are important in retirement planning - When clients are most in need of Roth IRAs - What clients don’t realize about taxes and how Roth IRAs provide a solution - And more Resources: Episode 13 - IRAs vs. Roth IRAs: Delayed Gratification (Ep. 13) Connect With Chad Broberg: LinkedIn: Chad Broberg Connect With Tom Selbo: Tomselbo@landmarkwealth.net LinkedIn: Tom Selbo 408-984-8777 About Our Guest: After teaching middle school math Chad became a wealth advisor in 2001. He is passionate about developing and man

Apriem Advisors 949-253-8888 If you’re changing jobs or retiring, it’s important to know the rules regarding moving funds from your employer sponsored retirement plan. The wrong move could cost you in income taxes and early withdrawal penalties. You typically have four options, and you may engage in a combination of these options. You can leave the money in your former employer’s plan, if permitted. You can also cash out the account value, but you should research the tax implications first. There are two basic ways to move retirement plan assets from one retirement plan into another with no tax consequence. With a direct rollover, your financial institution or plan directly transfers the payment to another plan or IRA; no taxes are withheld and your account continues to grow tax-deferred. With an indirect rollover, a check is made payable to you. You have 60 days to deposit it into a Rollover IRA – after that the entire amount is considered income, and subject to taxes. You

4 Roth IRA Hacks ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website

Do you know how much can you save into your retirement savings accounts? In 2023, those numbers change! It's important than ever to stay on top of these changes so you can be sure you are on track for retirement. Learn what the actual contribution limits are for your IRA, 401(k), and more! CHAPTERS : 0:35 401(k) Plans 1:11 IRA and Roth IRA 2:05 HSA 3:30 What difference does it make? 4:48 How to calculate how much to save. Comprehensive Article on Limits : Read about HSA : We are Financial Design Studio: Michelle, Steve, Rob, and Trevore… a team of financial advisors with a passion to help others design a path towards financial success–whatever that looks like for your life. Part of our job is to teach people about finances so that they can make educated choices with their money. If you want practical knowledge about how to work with the complex processes of taxes, insurance, planning, retirement, or investments, then subscribe! … because this channel is for y

This video is about the Roth IRA phase out calculations for 2019. The contribution limits and income limits for the Roth IRA. Figuring out how much you can contribute to a Roth IRA depending on your income level. 💸 FOR MORE FINANCIAL PLANNING & ASSET MANAGEMENT 💸 Book a meeting and start financial planning and investing bit.ly/SickleHunterOnline Try out our financial planning tool today. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your

There is still some debate over the specific cause of rising prices, but it can no longer be denied that basic goods and services are getting more expensive. Inflation is now impacting the life and livelihood of the average American, and, while it remains true that we have experienced a fortunate and extended period of low inflation, it appears as though all good things do, in fact, come to an end -- and now is simply the end of inflation’s record lows. The implication of high, or rising, inflation costs for investors is that high inflation can impact the value of a future stream of cash flow. For this reason, investors need to achieve returns that are higher than the rate of inflation. This means that now, more than ever, investors should be preparing to adjust their investment strategies moving forward and tactfully plan to hedge against inflation. In our article, we define inflation, discuss how it can be a headwind for investors, and develop one core idea: that real est