Timothy Sumer

Visit our website: Schedule a meeting with Mark at: The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security. It is only intended to provide education about the financial industry. To determine which investments may be appropriate for you, consult your financial advisor prior to investing. Any past performance discussed during this program is no guarantee of future results. Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. Attleboro Wealth Management, LLC is a Registered Investment Adviser. This program is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Attleboro Wealth Management, LLC and its r...

The Roth Conversion and Mega Backdoor Roth may be on the chopping block with proposed legislation moving forward in congress. The idea that has been floating around on if you should take advantage of the Roth Conversions before the end of the year are weighing on higher income earners. There is a strategy that may help minimize or eliminate all your taxes in the year of the conversion. I was talking with another industry pro on how to accomplish this conversion and not pay taxes, legally of course. Let me know in the comments if you're considering this type of transaction and I may do a video on it or add it to the membership section. I don't think it's going to be highly used by for high income earners it may be a big help. ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- ///////////////////////////////////////////////// Get answers FASTER... Join this ch...

If you are self-employed, Stop and listen. Because this information will save you thousands of dollars every year. In order to increase wealth, you have to increase your income or decrease your expenses. Your biggest expense is taxes. Here is a list of a few taxes you pay: Capital Gains, Income, Property, State and Local, Gas tax, Sales Tax, local administrative fees, Franchise tax. For most people. The biggest tax they pay is FICA or self-employment tax for those who employ themselves. For you hardworking owners. You pay higher Social Security and Medicare taxes than anyone else. But it doesn’t have to be this way. One way to strategically plan to lower your taxes is to organize your business as an S-corporation with the IRS Every worker has to pay Social Security and Medicare taxes to the government. It is the law. If you have employees, you know you pay part of their self-employment taxes. However, if you're self-employed, you have to pay both portions of t...