Time Codes: 0:00 - Intro 0:45 - what is a traditional IRA 2:16 - who should contribute to a traditional IRA 3:30 - income limits for those with employer sponsored retirement accounts 4:55 - withdrawal penalties 6:05 - avoid two RMDs in the same year 6:50 - multiple traditional IRA RMDs 7:45 - Traditional IRA income deductions for insurance 9:00 - setting up a spousal IRA Welcome Everyone! In today’s video we are going to discuss the traditional IRA. I will do a brief breakdown of this type of IRA and why it is extremely important to take advantage of for htethe majority of people. Beyond that, I will go over a few more details that aren’t usually discussed when it comes to these popular tax advantaged accounts. My Email for Business Inquiries: MMunizBOG@gmail.com My personal Instagram - my life outside of Youtube Amex Blue Cash Preferred Video You and I can both get rewarded for the links below: --- 💳 *GET $200 Cash Back with the CHASE FREEDOM FLEX or CHASE...
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 :)