Timothy Sumer

The contribution limit for the Roth IRA is lower than the 401K, but your Roth IRA can help you supplement your retirement income. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Inves...

How do you invest in the S&P 500? In order to invest in the S&P 500, you will need to pick a broker, open an account, find the fund, transfer money, and purchase the fund. I will go into depth on how you should go about selecting what broker to choose, what fund to choose, and how to invest in the S&p 500 going forward. I also have some tips on how you should consider broadening your investment strategy. ************************************************************ All Of My Favorite Financial Resources: How I Track My Personal Finances: Investment Platform That I Use: My Favorite Calculator For Financial Independence: Software I Use To File My Taxes: Products I Buy To Save Money: Get Personalized Consulting From Me: ************************************************************ #indexfunds #sp500 #Investing ************************************************************ Timestamps: 0:00 Introduction 0:38 How the S&P 500 can make you rich 1:29 Step...

🌟 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 insi...

***Lively has started charging $24 or forces you to hold a minimum of $3,000 in their HSA. Due to this change, I do NOT recommend them any longer. Please do not use this company. A Fidelity HSA is currently free at this time*** An HSA (Health Savings Account) is one of the best investments you could ever make. This is especially true for anyone pursuing Financial Independence Retire Early. The HSA gives you the chance to invest your money tax-free, let your money grow tax-free, and you can even withdraw your money tax-free. In this video, I'll show you how to turn your HSA (Health Savings Account) into one of the best retirement accounts you've ever had. Car Hacking Strategy To Get Free Cars FOREVER: The Best Bash Back Credit Cards: Accepted medical expenses: Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) Here's a video on how to use M1 Finance ...

Hello 👋 I'm Lee. Odds are, when you started federal service, your orientation didn't go over how to take full advantage of the TSP benefits. Let me help! If you would like to see part 1 of this video, check it out here!: ETSY SHOP↓↓↓↓↓↓ VIDEOS YOU MIGHT LIKE: TSP for beginners Roth IRA for beginners: Homeownership 1st year Costs: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🌍 CONTACT↓ 📷 Insta | Facebook | 📩 Email | FreckleFaceRunner1@gmail.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER ↓ This video is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions. #financialindependenceretireearly #howtoretireearly #tsp... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SI...

Join the Private Financial Independence Community here: Join the Private Financial Independence Community for monthly private live streams, video calls (with myself and the community), as well as access to a discord group where we talk all things money (and a lot more): Check Out My Recommendations (It helps support the channel): 🔥 M1 FINANCE Investing- Free $10 (once you deposit at least $100 within 30 days) Here's a video on how to use M1 Finance 📝 Empower (previously called "Personal Capital")- Free Net Worth Tracker & Retirement Planner 🔒 AURA - 14 day free trial to see if your personal information has been leaked online 💎 WEBULL - Up to 12 Free Stocks When You Deposit Any Amount Of Money 💵 ROBINHOOD - 1 Free Stock Join the Private Financial Independence Community for monthly private live streams, video calls (with myself and the community), as well as access to a discord group w...

#retirement #retirementplanning #retirementincome 10 Countries to Retire on a Small Pension, Social Security, or With Very Little Money. Are you seriously thinking about retiring abroad but not sure where your perfect place may be? Retiring abroad is an exciting prospect that can involve some difficult decisions. For most, finding the right balance between quality of life, a country’s appeal, social security and cost of living is the best starting point for narrowing down options. If you’re thinking of retiring abroad, we are going to help you by providing you with a list of top 10 places where you can retire comfortably. 00:00 | Start 00:27 | Cuba 01:22 | Bulgaria 02:21 | Philippines 03:10 | Montenegro 04:01 | Paraguay 04:51 | Argentina 05:42 | Belize 06:41 | Greece 07:26 | Colombia 08:13 | Malaysia Make sure to subscribe for more inspiring travel destinations ➡️ ⬅️ retirement planning,best places to retire,cost of living,inflation,clima...

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)! ▸▸▸Enroll in our FIRE Master Class: This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to inv...

In today's video, we are sharing Our Plan to Retire Early in 2024, which includes our Pension Plan. The question is, what should we do? This video is all about our plan to retire early and our Financial Independence Journey, especially what to do with Pension Plans during our Financial Independence Journey. Do you have a pension plan? Do you have a plan to Retire Early? Let's talk about our Financial Independence and Early Retirement. Links discussed on this video: ►Financial Independence Books: ►Canadian Retirement Income Calculator: ►The Canadian Association of Pension Supervisory Authorities (CAPSA): (this opens a PDF file) 🔥 Financial Independence Retire Early (FIRE) Resources ►Start your Journey to Financial Independence by opening an account with Wealthsimple trade: ►Looking for an Independent Portfolio Research and don't know where to start? ►Financial Independence Books: 💰 Our Net Worth Calculation Spreadsheet ►Download...

Do you have a Roth 401K and Roth IRA? Which one is better? Which one should you prioritize? What about 403b and TSP? Let's dive right into it! 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Bec...

Hello 👋 I'm Lee. Odds are, when you started federal service, your orientation didn't go over how to take full advantage of the TSP benefits. Let me help! If you would like a walkthrough tutorial of the website, check out this video! #ThriftSavingsPlan #howtoretireearly #tsp ETSY SHOP↓↓↓↓↓↓ VIDEOS YOU MIGHT LIKE: Roth IRA for beginners: Homeownership 1st year Costs: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🌍 CONTACT↓ 📷 Insta | Facebook | 📩 Email | FreckleFaceRunner1@gmail.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ DISCLAIMER ↓ This video is for informational purposes only, it should not be considered Financial or Legal Advice. Consult a financial professional before making any major financial decisions.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA...

***Lively has started charging $24 or forces you to hold a minimum of $3,000 in their HSA. Due to this change, I do NOT recommend them any longer. Please do not use this company. A Fidelity HSA is currently free at this time*** An HSA (Health Savings Account) is one of the best investment accounts available to someone pursuing Financial Independence or Early Retirement. Although the name has "health savings" in it you should treat it like a "health investment" account to get the full benefits they offer. Someone who isn't pursuing FIRE can still take advantage of the benefits as well. When you use an HSA account you get access to triple tax savings. Not only do you avoid paying taxes when the money goes into the account, but you also skip out on paying taxes on the growth of your investments and when money is withdrawn from the account. The fact that you're able to invest money within an HSA is another added bonus as well. If you instead use thi...