Timothy Sumer

#401k #IBC #Investing In this video, I give 3 reasons why you SHOULDN'T contribute to a 401k, and propose an alternative savings strategy you may never have heard of. Chapters 0:00 Introduction 0:50 Taxes 1:00 Delaying the Tax 1:30 Lower Tax Myth 2:04 Lower Income Myth 2:44 The LIE 3:18 Government Program 3:47 Access & Control 4:26 Others Benefit 5:15 Saving vs. Investing 5:52 Government Confiscation 7:14 What To Do Instead? 8:52 Disclaimer 9:30 Summary and Conclusion For more information on the Infinite Banking Concept ® Financial System (IBC), visit: Nelson Nash Institute: To find an Authorized IBC Practitioner in your area, visit: Disclaimer: The Infinite Banking Concept® is a registered trademark of Infinite Banking Concepts, LLC. Maxwell McGuire, CPA is independent of and is not affiliated with, sponsored by, or endorsed by Infinite Banking Concepts, LLC.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment Durin...

[ Offshore Tax ] Let's Talk About Roth IRA Contributions for Couples Using FEIE The Backdoor Roth IRA is a strategy that high earners use to convert a traditional IRA into a Roth IRA. This strategy allows them to make contributions to an IRA, roll it over to a Roth IRA, or convert the entire IRA to a Roth. The Backdoor Roth IRA strategy is a legal method to circumvent the income limits that typically prevent high earners from owning Roth IRAs. This strategy is not a tax dodge. While establishing a Backdoor Roth IRA may incur higher taxes initially, it offers the future tax savings associated with a Roth account. Moreover, the Backdoor Roth IRA strategy can be advantageous for individuals who anticipate having leftover funds in their traditional IRA. They can transfer these funds to their heirs through a Roth IRA. TIMESTAMPS: 0:00 INTRO 1:00 Roth IRA Contributions for Couples Using FEIE 2:00 Funding IRA and convert to ROTH 3:48 OUTRO --------------------------------...

[ Offshore Tax ] Can I open an IRA or Roth IRA while living in France? Yes, a U.S. citizen living abroad can have both a traditional and/or Roth IRA. The restrictions only apply to making contributions. So, if you had an existing IRA before you moved abroad, you don’t have to get rid of it or transfer assets, but you may not be able to add to it while you’re overseas. TIMESTAMPS: 0:00 INTRO 0:10 Opening ROTH or IRA in France 1:30 Taxable income in France for US ex-pats 3:00 Using VPN for accounts 4:30 Financial advisors advice 5:50 OUTRO ------------------------------------------ OUR CHANNEL OFFERS: - Updated daily, we help 6, 7, and 8-figure International Entrepreneurs, Expats, Digital Nomads, and Investors legally minimize their global tax burden and protect their wealth. - Join Amazon's best-selling author, Derren Joseph, in exploring the offshore financial world. SUBSCRIBE TO OUR CHANNEL FOR MORE FREE INFORMATION: ------------------------------------------------...

In this episode of The Banking With Life Podcast, James and returning guest Barry Dyke discuss a range of topics including Barry's upcoming book titled, "The Pirates of Manhattan III: Mercenaries of Debt". They also discuss what Wall Street does with THEIR money & what they do with YOUR money. As always, we hope you enjoy and thank you for listening! Make sure to like and subscribe to join us weekly on the Banking With Life Podcast! ━━━ Become a client! ➫ Buy Nelson Nash's 6.5 hour Seminar on DVD here: ➫ (Call us at (817) 790-0405 or email us at myteam@bankingwithlife.com for a DISCOUNT CODE) Register for our free webinar to learn more about Infinite Banking... ➫ ━━━ Implement the Infinite Banking Concept® with the Infinite Banking Starter Kit... The Starter Kit includes Becoming Your Own Banker by R. Nelson Nash and the Banking With Life DVD by James Neathery. It's the perfect primer for everyone interested in becoming their own banker....

[ Offshore Tax ] Let's talk about US retirement account contributions while working abroad The IRA distribution rules for U.S. citizens living abroad are the same as those for citizens residing stateside. Whether you can contribute to your regular or Roth IRA while living abroad depends on your foreign income and the exclusions and deductions you claim, namely the foreign earned income exclusion (FEIE) or foreign housing exclusion. To contribute to an IRA while living abroad, you must have income left over after deductions and exclusions. If you exclude all of your income with the FEIE and have no other sources of earned income, you are not eligible to contribute to an IRA. However, if you only exclude part of your income or claim the foreign tax credit (FTC) instead, you may still be able to contribute to an IRA. TIMESTAMPS: 0:00 INTRO 0:10 End of service in Saudi Arabia 1:10 Investing in ROTH as a US ex-pat 2:40 SEC rules for US ex-pats 4:20 US retirement account c...

In this episode of The Banking With Life Podcast, James sits down with his friend Pete Whitman and they discuss qualified plans! They spent a lot of time on cash balance plans and some of the considerations required. They also discussed the exit strategies that should be considered. As always, we hope you enjoy and thank you for listening! Make sure to like and subscribe to join us weekly on the Banking With Life Podcast! ━━━ Become a client! ➫ Buy Nelson Nash's 6.5 hour Seminar on DVD here: ➫ (Call us at (817) 790-0405 or email us at myteam@bankingwithlife.com for a DISCOUNT CODE) Register for our free webinar to learn more about Infinite Banking... ➫ ━━━ Implement the Infinite Banking Concept® with the Infinite Banking Starter Kit... The Starter Kit includes Becoming Your Own Banker by R. Nelson Nash and the Banking With Life DVD by James Neathery. It's the perfect primer for everyone interested in becoming their own banker. Buy your starter kit here: ...

Why 401k's are a SCAM 🔎 Resources 👇 Free Book ► Book a Call ► 💥Set up a call to discuss your finances or life insurance business💥 Https://www.LIFE180.com 🔔 SUBSCRIBE TO LIFE180 ON YOUTUBE 👇 🔔 JOIN THIS CHANNEL TO GET ACCESS TO PERKS 👇 Amazing tools to build your business: 📖 Chapter Timestamps Here ⏰ 0:00 Intro ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ VALUABLE CONTENT TO CONTINUE THE EDUCATIONAL JOURNEY: How To Properly Structure A Whole Life Policy Indexed Universal Life vs Whole Life - Which is Better ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 💥FOLLOW CHRIS ON SOCIAL MEDIA 👇 SOCIAL LINKS ► LinkedIn ► Facebook ► Instagram ► TikTok ► ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🤔 ABOUT LIFE180 😃 Chris Kirkpatrick launched LIFE180 as a solution to a problem. As the director of business development for a Fortune 1000 life insurance / broker dealer, he became disenchanted w...