Timothy Sumer

Are you prepared for retirement? Whether you're in your 20s, 40s, or 60s, planning for retirement is a crucial aspect of personal finance that shouldn't be ignored. In this detailed 15-minute guide, we delve into everything you need to know to secure a financially comfortable and worry-free retirement. 🔵 What You'll Learn: The Power of Compound Interest Types of Retirement Accounts: IRA vs 401(k) How Much Do You Need to Retire? The Role of Social Security Benefits Importance of Healthcare Costs Diversifying Your Investments 📚 Sources: Investopedia - The Power of Compound Interest AARP - Retirement Readiness Survey The Balance - IRA vs 401(k): What's the Difference? Fidelity Investments - How Much Do I Need to Retire? U.S. Social Security Administration - How Your Retirement Benefit is Calculated HealthView Services - Healthcare Costs in Retirement CNBC - Importance of Diversification Charles Schwab - Reviewing and Adjusting Your Plan KEYWORDS: retireme

In this second episode of a pension income planning series we look at your options with a £100K/$100K pension pot. What retirement income will a £100K pension pot provide? Can you retire early? What are your options for topping up your pension further - watch and all is revealed. Illustrative figures are given for people retiring in their mid-60s but state pension age increases will also affect annuity incomes when you do come to retire. ***Related content*** Episode 1 - £50K pension pot: Episode 3 - How much do you need to retire comfortably?: Episode 4 - Retire Early: State Pension - do you qualify: Retirement Lifestyle Planning: Top drawdown providers: Dark side of drawdown: No savings at 50: InvestEngine - Open an account today: Your capital is at risk when investing. InvestEngine (UK) Limited is Authorised and Regulated by the Financial Conduct Authority (FRN: 801128) How to top up your state pension: Delay claiming your state pension: Retirement Livi

People do Roth IRA conversions because they want to save on taxes or create a larger legacy for the next generation. It’s not easy to know if Roth IRA conversions are right for you. The answer to these questions will help you narrow in on this important decision. 🔥 What Issues Should I Consider Before I Retire? Get started today: Subscribe to be notified of future videos: 🔑 Key Topics : 0:00 - Intro 0:57 - Roth Conversions 5:00 - Planning Software 8:06 - Is It Good for Us While We’re Alive? 8:58 - Is It Good for My Heirs? 10:49 - Am I Willing to Let It Defer for Several Years? 11:31 - Outro ___________________________ We're a Frisco, Texas-based independent financial advisory firm serving individuals in several states nationwide. We're here to listen to your needs and guide you through the financial planning process. ___________________________ CONNECT 🤝 Nick's Newsletter: Facebook: Instagram: Linkedin: YouTube: ___________________________ CONTA

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 the FREE Net Worth Ca

In this first episode of a pension income planning series we look at your options with a £50K/$50K pension pot. I provide an example of whether the pension income is enough using my essential monthly bills - just substitute those figures with your own monthly bills to work out if the income will meet your needs. ***Related content*** Episode 2 - £100K pension pot: Episode 3 - How much do you need to retire comfortably?: Episode 4 - Retire Early: Hargreaves Lansdown pension planning: Top drawdown providers: Dark side of drawdown: No savings at 50: Open a SIPP: ***Support This Channel*** Buy Me A Coffee: ***LINKS*** Retirement Planning Expert 2021/22: Happy Retirement the Psychology of Reinvention: ***EQUIPMENT USED*** Camera: Nikon D3200 DSLR: Lens: Nikon DX AF-S NIKKOR 35mm 1:1.8 G: Camera light: Neewer CN-216: Microphone: Boya Lavalier BY-M1: Tripod: Tairoad T1-111: Camera batteries: Neewer compatible with Nikon D3200: Lighting batteries: Neewer: Memo

Retire with $1,000,000 in Retirement Savings? (Not so fast) || Retirement Planning In this video, we will explore a common question asked by many individuals as they plan for their retirement: "Can I Retire with $1,000,000 in Retirement Savings?" We will discuss the factors that can impact your ability to retire comfortably with a one million retirement savings portfolio, including your expected lifestyle expenses, inflation, retirement investment returns, and other potential sources of income such as Social Security benefits or pensions. We'll also review various retirement withdrawal strategies and how they can affect the sustainability of your retirement savings. By the end of this video, you will have a better understanding of whether or not you can retire with one million in retirement savings and what steps you may need to take to achieve your desired retirement lifestyle. So, join us as we delve into this important retirement planning topic. **Free

Retirement Strategy at 60 with $1,500,000 || Protecting Retirement Savings In this livestream we are going to look at a 60 year old couple asking the question, "Can I Retire" and wanting to do retirement planning at 60. We are also going to look at 3 specific retirement strategies: Can I Retire now, Roth IRA Conversion strategy, & How to protect Retirement savings. **Free Retirement Download: The Roadmap to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement

What do you do when the person you are caring for is no longer able to stay in their own home and they do not have the resources to pay for a nursing home on their own? While the laws can differ from state to state, elder law attorney Carol Bertsch explains what it takes to qualify for nursing home care with Medicaid. With real life scenarios - this informative video clearly explains this complex process of how Medicaid can help those without the financial resources to pay for nursing home care. See our other videos: Web: mmlearn.org LinkedIn: Twitter: Facebook: By: Carol Bertsch #MMLearn #SmartMoney #LongTermCare #LongTermCareHomes #MoneyFollowsThePerson... ( 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 https://inflationprotection.org/finding-long-term-care-when-there-is-no-money/?feed_id=