How do you maximize the value you’re getting out of your 401(k), IRA or 457(b) plan from a tax standpoint today – and in the future? In today's episode of the Retire With Purpose podcast, we discuss three misconceptions of tax-advantaged retirement accounts, as well as how a Roth can act similarly to a non-dividend paying stock. Join us as we explore: * The difference between traditional Traditional and Roth contributions. * How a Roth can be utilized within a traditional 401(k). * Why you need to pay attention to RMD requirements for traditional retirement accounts. * The tax impact of Roth contributions versus traditional account contributions. 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ============...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)