Timothy Sumer

Choosing between traditional assets and a Roth Individual retirement account (IRA) is a crucial decision in financial planning. While traditional assets offer flexibility, they come with potential tax implications on income generated. In contrast, a Roth IRA provides tax advantages, allowing for tax-free growth and withdrawals, making it an attractive option for long-term wealth accumulation. For more information book some time with us at: #taxes #finance #financialplanning #investments #leadership #buildingthroughserving #rothira... ( 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 Traditional vs Roth IRA: Understanding the Differences 📢 When it comes to saving for retirement, many individuals turn to Individual Retirement Accounts (IRAs) as an efficient way to grow their funds. IRAs provide various tax advantages and investmen...

. Simple IRAs can now be ROTHs. Listen to the Director of Business Benefits and Wealth Management Advisor, Ken Speroni, of Taylor Financial to know more about . #taxes #finance #financialplanning #investments #leadership #buildingthroughserving #smallbusiness... ( 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 The ROTH simple IRA has become a popular retirement savings option for many Americans. With the passage of the Secure Act 2.0, this type of retirement account has become even more attractive. One of the most significant changes of the Secure Act 2.0 is the extension of the age for required minimum distributions (RMDs) from 72 to 75. This means that individuals who have not reached the age of 75 can continue contributing to their ROTH simple IRA and not be required to take RMDs until three years later. Another change ...

Own a small business? Not ready for a 401k yet? Try a Simple IRA plan. Learn more here:... ( 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 The Simple IRA or Simplified Employee Pension Individual retirement account is a retirement plan option available to small businesses with fewer than 100 employees. This plan is designed to make it easier for small business owners to provide retirement benefits to their employees. Starting in 2023, the maximum contribution limit for a Simple IRA will increase from $13,500 to $14,000 for individuals under the age of 50. For those over the age of 50, the catch-up contribution limit remains the same at $3,000. This means that employees who are eligible to contribute to a Simple IRA can save up to $17,000 in 2023. Employers who offer a Simple IRA also have a contribution obligation. They must either match...