Timothy Sumer

Wealth Plan TV understand investment bonds and the part these play in your wealth creation plan. ... ( read more ) LEARN MORE ABOUT: Treasury Inflation Protected Securities REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Wealth Plan TV (1.5.3) Financial Planning Tips on Understanding Bonds Financial planning is a critical aspect in managing one's wealth effectively. Without proper planning, individuals may find themselves struggling to achieve their financial goals. In this article, we will explore an important financial instrument - bonds - and discuss how understanding them can benefit your wealth plan. Bonds are fixed-income securities issued by governments, municipalities, and corporations to raise capital. When you invest in bonds, you essentially lend money to the bond issuer in exchange for periodic interest payments and the return of your principal i...

(818) 708-6888 info@earn4u.com If you’ve become the beneficiary of an IRA or other retirement account , it’s important to know your options. You can take the money out in one lump sum. This requires opening an account called an Inherited IRA in your name for correct IRS reporting. That lump sum may be taxable depending on whether the original contributions were pre- or post-tax. Or you can open an Inherited IRA and leave it alone to grow tax deferred. You can't make additional contributions and must start taking Required Minimum Distributions based on when the deceased would have turned 73. You must also liquidate the account in ten years. With this option, you can name your own beneficiary to pass it on. If your spouse left you the account, you’re allowed to roll those assets into your own retirement account and follow your account’s distribution rules. You could also disclaim the account, or not accept it. The assets can then pass on to alternate beneficiaries. If you ...

Do I need a Roth Conversion? How long will I live? Will I run out of money? What if I die before my spouse, will they be ok? These are some of the questions we look at in this case study of a couple in their 60's with $1 million. We take a look at how much they can expect to spend in retirement. We'll also take a look at some of the things that might go wrong while in retirement. 00:00 Introduction 01:06 The “Light Bulb” Moment 02:38 Parameters 03:30 Income Plan 05:54 Inflation and Your Income Plan 07:10 Social Security 08:29 Monte Carlo Simulation 10:43 Sequence of Returns Risk 11:19 Roth Conversions 12:14 Biden Tax Legislation Livestream 13:27 Required Minimum Distributions 15:06 Identifying the Shortfall 17:46 Social Security Income Analysis 21:05 Play Zone 27:53 Your Portfolios and Time 28:27 Contact Us and Subscribe #incomeplanning #retirementplanning #retirementincome #retirewith1million #retirementat60 Working with a CFP® professional can be an impor...