Timothy Sumer

We have numerous videos on this channel about the income limits for contributiing to a Roth IRa. See if you make too much you are phased out from contributing to a Roth IRA. This "phase out" number can vary based on how you file your income taxes but if you make too much then you can no longer contribute to a Roth IRA. Well let's talk about the other side of things. What happens if you have a low income due to time off work, or maybe you are a student. Well first of all you must have earned income to contribute to a Roth IRA. The next rule is that you must have enough earned income to cover your contribution amounts. So for example if you only earned $4,000 for a given year then the most you can contribute to a Roth IRA would be $4000. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments and, using NestEgg we can help you with every penny! ---Ready to subscribe--- For more information v

"Is it worth contributing to a Roth IRA after 50?" One of the advantages of a Roth is that you can contribute at any age. You can determine the amount you need for retirement and then calculate how much you need to contribute based on the age at which you want to retire. Then you can start contributing. Another amazing thing about the Roth is your ability to make back-door contributions. 📌Save it for later 💯 📌Like, share and comment 👇 👉 Follow @christianiecarty for more Insightful Content 👉 Follow @christianiecarty for more Insightful Content . . . . Hashtags:- #taxadvisor #taxtips #taxplanning #wealthplanning #taxconsultant #financialadvisor #financialplanning #taxes #financialfreedom #financialeducation #incometax #rothira #financialfreedom #retirementplan #wealthbuilding #Iracontributions #retirementplanning #contentcreator #reels... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA T

What Is A Spousal IRA ►FREE Masterclass How I Can Help You Invest in the Stock Market Very Simply (even if you think it's too overwhelming) Curious about what a Spousal IRA is and how it can benefit you and your spouse's retirement savings? In this video, I explain the concept of a Spousal IRA and how it can help couples maximize their retirement contributions. I'll cover the eligibility criteria, tax advantages, and other important aspects of Spousal IRAs. Watch this video to gain a comprehensive understanding of this retirement savings option and start planning for a secure future together. Timestamps: 00:00 What Is A Spousal IRA 04:20 Who Is Eligible For Spousal IRA 05:08 Benefits Of Having Spousal IRA ⭐#retirementplanning #financialindependence #financialfreedom ➥➥➥ ITEMS I RECOMMEND➥➥➥ ►My NEW Book: You Will Be Financially Free ►Empower (Personal Capital) Free app to help you manage your money better. I use this EVERYDAY! ►Join m

In this video, we're going to discuss some of the common mistakes people make when setting up a Roth IRA. These mistakes can lead to serious financial consequences, so be sure to watch and learn! If you're thinking about setting up a Roth IRA, then you need to watch this video! We'll discuss some of the most common Roth IRA mistakes and how to avoid them. By following these tips, you'll make sure that your Roth IRA is set up correctly and will protect your money in the event of an emergency! -Check out our new course, Index Fund Pro: -Instagram: -TikTOK: ================== FREE GUIDES: Check out the free guide on where to put your money in what order! Here is the free How to Ask for A Raise ebook! ================== USEFUL RESOURCES: The Year-End Money Checklist The 75-Day Money Challenge Finally, Get That Raise Best Personal Finance Books: ================== ABOUT ME 👇 My mission is to provide my viewers with all the tools to build

Aimed at small business owners, Jason Watson, CPA, of WCG Inc. (formerly the Watson CPA Group) takes you through the details of leveraging the most out of your solo 401k or SEP IRA, how the W-2 wage limits work, the bonus of adding your spouse to payroll and the 401k plan, and having multiple 401k plans (your main job and your side hustle). Understanding your small retirement plan options This material is based on content from our website and our book, Taxpayer’s Comprehensive Guide to LLCs and S Corps. Thank you! Warm Regards, WCG Inc. (formerly Watson CPA Group) 2393 Flying Horse Club Drive Colorado Springs, CO 80921 719-387-9800 phone 719-345-2100 text message 855-345-9700 fax Facebook - LinkedIn- Twitter - YouTube - ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Write an article about Maximizing

Simple IRA's are an excellent option for many small business owners to offer retirement benefits to their employees without as much overhead as the 401(k). Learn more by watching this video! Call us at 832-953-4998 to learn more. Visit us online at iiefinancial.com Music: ... ( 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 As a small business owner or self-employed individual, you may be interested in setting up a retirement plan for yourself and your employees. One type of plan that may be appropriate for your situation is a Simple IRA (Savings Incentive Match Plan for Employees). A Simple IRA is a type of tax-deferred retirement plan that allows employees to contribute a portion of their pre-tax income to the plan, and employers to match a percentage of their employees' contributions. The plan is easy to set up and administer,

In this video, Colin Exelby, CFP® explains the five most common conversion mistakes so you don’t make them. Learn in detail, five ways investors, financial advisors, and CPAs have made mistakes so that you can take full advantage of Roth conversions. A Roth conversion is a strategy where you move Traditional, SEP, or Rollover IRA funds into a Roth IRA for tax-free future growth. Anyone can do it, no matter your age or your income limit. So the younger you are when you do it, potentially the larger the benefit. They’re even more powerful when converted in a down market. Watch this video to learn why. TIME STAMPS : 00:00 Roth IRAs 00:35 5 Most Common Conversion Mistakes 01:22 The Pro-Rata Rule 04:39 Not converting enough assets while young 07:20 Forgetting about the IRMAA penalty 08:31 Converting the entire IRA in a single year 09:20 The 5 year rule ★☆★ Who Is IRMAA And Why Does She Matter? ★☆★ ★☆★ Roth IRA Conversion Pros and Cons in 2022 ★☆★ ★☆★ How to Create

Top IRA Mistakes To Avoid: Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: If you are planning for retirement and saving in an IRA, what are some mistakes you should look to avoid so that you can have a successful retirement? In this episode of the Retire Once Show, we discuss mistakes that could end up costing you money in taxes or mistakes that can impact your intended beneficiaries. Submit questions to the show at Retire@theoremwm.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management, Financial Advisor Dallas Texas - Retire Once Show - 2022 Retirement Podcast Series ----------------------- CHAPTERS 0:00 - Introduction 1:25 - Beneficiary Mistakes 4:01 - Inherited IRA Advice 6:08 - Timing IRA Contributions 7:55 - Roth vs Traditional 9:27 - NonDeductable Contributions 10:34 - Ignoring NUA 12:50 - Tax Mistakes 14:41

Are you … - a sole proprietor? - a business owner with less than 100 employees? - an independent contractor? - self-employed? - a partner in a business? In this webinar, we will be discussing what types of contributions can be made to your self-directed IRA such as the Simplified Employee Pension Plans (SEP), the Savings Incentive Match Plan for Employees (SIMPLE), and the Individual(k). Here's what you can expect to learn … - An overview of each plan; - How to choose the right plan for your business; - How to calculate your contributions; - What the maximum contributions are; - How to establish your plan. To learn more about how to maximize your self-directed IRA visit ... ( read more ) LEARN MORE ABOUT: Keogh Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/how-to-maximize-your-retirement-contributions/?feed_id=52599&_uni

The IRS recently released guidance on the change in the SECURE Act which says that someone who is over the age of 70 and a half can still contribute to a traditional IRA if they are working. Today we share some interesting tips for those that want to continue to contribute to a traditional IRA or just want to know why someone would want to do this. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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/irs-updates-ira-contribution-rules-for-retirees/?feed_id=42659&_unique_id=637eb83

If you are self-employed, you MUST take advantage of the tax saving tips from your retirement accounts. You can contribute MORE, which means pay LESS TAX. This is nothing new. We just didn't know about it until recently. God, I wish someone would have told us this before!... ( 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/retirement-accounts-for-self-employed-which-is-so-much-better-than-employment/?feed_id=41406&_unique_id=6379df2ea96d6 #Inflation #Retirement #GoldIRA #Wealth #Investing #howtoinvest #iracontributionlimits #IRAContributions #retirementaccounts #retirementaccountsforselfemployed #ROTH #RothIRA #savetaxonretirementaccounts #selfemploymentretirementaccounts #SEP #Solo401k #SEPIRA #howtoinvest #iracontributionlimits #IRAContributions #retirementaccounts #retirementaccountsfors

Congress passed the largest retirement savings reform in more than a decade when they passed the Secure Act also known as the Setting Every Community Up For Retirement Act. Do you know what the Secure Act means for you and your retirement? Financial professionals Joe Anderson and Alan Clopine help you to become Secure Act Savvy by breaking down the changes in the rules and regulations to enable you to make the most of your financial plan moving forward. Important Points: (00:45) – The SECURE Act  (01:16) – Retirement Savings (02:43) – SECURE Act Savvy -Required Minimum Distribution Changes -Repeal of Age Limit on IRA Contributions -Repeal of the Stretch IRA -Notable 401(k) Changes (03:46) – Key Ages to Remember For retirement planning (05:08) – Required Minimum Distribution (RMD) Changed to Age 72 (06:49) – Calculating your Required Minimum Distribution (10:26) – The 10-year rule on Beneficiary IRAs (12:39) – Stretch Exemptions (13:25) – Tax Rates (19:23) – Change