Timothy Sumer

A Roth IRA (Individual retirement account ) is a type of retirement savings account that offers unique tax advantages to individuals in the United States. It is named after Senator William Roth, who played a key role in its creation. Here are the key features and benefits of a Roth IRA: 1. **Tax-Advantaged Savings:** The primary advantage of a Roth IRA is its tax treatment. Contributions to a Roth IRA are made with after-tax dollars, meaning you don't get an immediate tax deduction for your contributions, unlike a traditional IRA. However, qualified withdrawals from a Roth IRA, including both contributions and earnings, are tax-free. 2. **No Mandatory Withdrawals:** Unlike traditional IRAs and 401(k)s, Roth IRAs do not require you to start taking required minimum distributions (RMDs) at a certain age. This flexibility can be advantageous for retirement planning , as you can leave your money invested for as long as you want. 3. **Flexibility in Investments:** Within a

What does inflation mean to savers and investors? If you are an investor, here are a few things to watch out for. . ▶️ What I've learned from 3 market crashes - ▶️ Should I invest in bitcoin? . Disclaimer: Stockspot Pty Ltd ABN 87 163 214 319 is a licensed Australian Financial Services provider (AFSL 536082) regulated by ASIC. Any advice contained in this video is general advice only and has been prepared without considering your objectives, financial situation or needs. Before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate taxation and legal advice. Investing into financial products involves risk. Past performance of financial products are no assurance of future performance. Please read our Financial Services Guide on stockspot.com.au before deciding whether to obtain financial services from us.... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Invest

"YMYW Gents - Steven again from steaming hot Texas. Thank you for covering my question in today's episode! I have a different perspective to offer which might influence your spitball. In your spitball today, you guys spoke a lot about how the tax I would pay doing a Roth Conversion is equal to the tax I've already paid on the dollars I would use for a Backdoor Roth. I understand that completely, but my motivation for pondering a Backdoor Roth is not about taxes. My motivation for doing a Backdoor Roth is to introduce new dollars into my retirement portfolio to see compounding growth until I reach retirement in 20+ years rather than those dollars sitting in my savings account. I think the notion that a Roth Conversion and a Backdoor Roth are "same same" makes sense from a tax perspective, but not from a long term growth perspective. After doing a Roth Conversion, there would be no increase to my overall retirement portfolio balance like there would be af

Cloudera (CLDR) and the silver lining: at least my data science cluster included AYX. 💡 Discuss this video here in our FRM forum: 👉 Subscribe here to be notified of future tutorials on expert finance and data science, including the Financial Risk Manager (FRM), the Chartered Financial Analyst (CFA), and R Programming! ❓ If you have questions or want to discuss this video further, please visit our support forum (which has over 50,000 members) located at 🐢 You can also register as a member of our site (for free!) at 📧 Our email contact is support@bionicturtle.com (I can also be personally reached at davidh@bionicturtle.com) For other videos in our Financial Risk Manager (FRM) series, visit these playlists: Texas Instruments BA II+ Calculator Risk Foundations (FRM Topic 1) Quantitative Analysis (FRM Topic 2) Financial Markets and Products: Intro to Derivatives (FRM Topic 3, Hull Ch 1-7) Financial Markets and Products: Option Trading Strategies (FRM Topic

Is your money best maximized by contributing to a Roth IRA or a traditional IRA? And, does it really matter at the end of the day? It all depends on your unique financial situation and last but not least, TAXES. Find out why here. 📅 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: ==================== ABOUT YOUR HOST CASEY WEADE: Casey Weade is the CEO and Founder of Howard Bailey Financial. He graduated from Stetson University with a Bachelor's degree in Finance, and is a CERTIFIED FINANCIAL PLANNER™ (CFP®), Retirement Income Certified Professional® (RICP®), Chartered Life Underwriter® (CLU®), as well as a certified Chartered Financial Consultant® (ChFC®). In addition, Casey is an Investment Advisor Representative (IAR), is license

Get Our FREE Silver IRA Guide - FREE Guide To Diversify Your Retirement With GOLD - Buyer BEWARE Of Dealer Lies Learn To Avoid Them! - FREE Web Conference To Diversify Your Retirement - --- Check Out Some AMAZING FREE Resources! Is the Recession Hurting Your IRA/401(k)? - Is Inflation Eating Your IRA/401(k)? - Get ZERO Gold IRA Fees for Up to 10 Years - Free Gold IRA Company Checklist - --- Looking for an investment option that can help you protect your portfolio against inflation? Look no further than a Silver IRA! In this video, we discuss how investing in physical silver through an Individual retirement account can be a great way for long-term investors to hedge against inflation, diversify their portfolios, and potentially earn high returns. We cover the basics of setting up a Silver IRA, including how to choose a reputable custodian, what types of silver are eligible for investment, and how to determine how much of your portfolio to allocate to this p

... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Investing your hard-earned money can be a daunting task, but it is necessary for securing your financial future. A Roth IRA (Individual retirement account ) is a fantastic option for individuals who are looking to invest. A Roth IRA is a tax-advantaged retirement account that offers numerous advantages over other types of investment accounts. In this article, we will explore why it is essential to start investing in a Roth IRA. Tax-free withdrawals in retirement The primary benefit of investing in a Roth IRA is that you can withdraw your money tax-free in retirement. Unlike traditional IRAs or 401(k) plans, contributions to a Roth IRA are not tax-deductible, but the money that you withdraw in retirement will not be taxed. This is because you paid taxes on the money that you contributed

Smash that like button so we can grow our community! I'm not an expert and I am not a financial advisor so please take this with a grain of salt and understand this video is more so to expose those who haven't already been to a new way of thinking and the importance behind investing at an early age. This is my experience as a young investor with a Roth IRA and why I think it's one of the most vital tools an investor can use in order to ensure they have a retirement plan in place. This investment strategy is a tax free way to become a millionaire within your lifetime and with little action required. You need to save and plan for your future so you can get out of the constant pressure and stress of the adapting world and manage inflation through your retirement account and investment planning. I have lots of people I listen to regarding 401k, Roth IRA and individual retirement accounts as a whole that I would love to share.... ( read more ) LEARN MORE ABOU

🤝SET UP A 15-MINUTE CHAT ➡️ 📢Sign up now for the coming Don't Worry, Retire Happy! webinar. Here's the link : ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔴 SUBSCRIBE ➡️ ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📲CONNECT WITH US: LinkedIn ➡️ Facebook ➡️ Website ➡️ Email ➡️ info@lionswealth.com ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬ 00:00 Introduction 01:20 Taxation 06:00 Retirement Accounts 10:45 401(k) 11:00 Roth IRAs 15:06 Back Door Roth 17:07 After Tax 401(k) 19:23 Tax Efficient Investing 20:47 Health Savings Account 23:04 Tax Deferred Annnuities 26:59 529 Plans 29:25 Life Insurance 31:00 Real Estate 32:31 Charitable Contributions 34:43 Gifting 37:15 Outro DISCLAIMER **The commentary presented herein contains the opinions of Lions Wealth Management, Inc., a State of Minnesota Registered Investment Advisor. This information should not be relied upon for tax purposes and is based upon sources believed to be reliable. No guarantee is made to the comp