Timothy Sumer

What is a Roth conversion and why should you consider it? The ultimate goal is a tax-free retirement. All qualified Roth distributions are free of taxes. Of course, retirement funds can't escape the tax man altogether, so when you convert traditional, pretax funds to Roth, you will owe taxes. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss what a Roth conversion is, how to perform one, and the rules you need to be aware of. He will also explain why and when you should consider doing one. Join us LIVE on Thursday, September 21st at 1:00PM EDT! *please note the date change* -- Learn more: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created I...

If you're leaving an old job you might need to think about rolling over a 401(k) plan into a new IRA. Here's how to go about doing that.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 401(k) Rollover To IRA: What To Do With Your retirement account When Leaving Your Old Job When leaving a job, one of the important decisions you will have to make is what to do with your 401(k) retirement account . One option is to roll it over into an Individual retirement account (IRA). This decision requires careful consideration as it can have significant impacts on your future financial security. In this article, we will explore the benefits and drawbacks of rolling over your 401(k) into an IRA, as well as the steps involved in the process. One of the primary advantages of rolling over your 401(k) into an IRA is increased control over ...

... ( 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 Tax Advantage Accounts: Maximizing Your Savings Potential When it comes to saving for the future, tax-advantaged accounts are a crucial tool that can help individuals build a solid financial foundation. These accounts offer various tax benefits, allowing you to grow your savings while also reducing your tax liability. In this article, we will explore four popular tax-advantaged accounts: 401(k), Roth IRA, Traditional IRA, and HSA. 1. 401(k): A 401(k) is an employer-sponsored retirement savings plan in the United States. One of the key advantages is that contributions are made on a pre-tax basis, meaning they are deducted from your paycheck before taxes are applied. As a bonus, some employers even match a portion of your contributions, which can significantly boost your ...

Learn more about Self-Directed IRAs: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-client relationship exists between Client and IRA Financial, its management, salespersons or IRA Financial's in-house legal counsel. IRA Financial Group provides IRA retirement facilitation service and CANNOT provide Cl...

In 2023, you may be able to contribute up to $66,000 if you’re under 50 and $73,500 if you’re 50 or older to your Nvidia 401(k). You can fully leverage these limits by taking advantage of the Mega Backdoor Roth. This is a powerful benefit within your Nvidia 401(k). It allows you to contribute after-tax dollars and convert those dollars to Roth. ******. Questions for Saloni Gupta, CFP® SCHEDULE TIME ON HER CALENDAR: CONNECT on LinkedIn: ******. 00:00 Introduction 00:16 2023 NVIDIA 401(k) Contribution Limits 00:41 3 Reasons Why You Should Contribute to Your 401(k) 01:41 NVIDIA Mega Backdoor Roth 02:14 Mega Backdoor Roth Example 03:03 Mega Backdoor Roth Tax Benefits ****** Control your taxable income in retirement. The Mega Backdoor Roth is a way for high-income earners to utilize the benefits of a Roth. Within a Roth your money grows tax-free. These same dollars and the interest earned can be tax-free when accessed in retirement (59.5+ years old). Having additiona...

SUBSCRIBE for more on law YOU need to know!! - CLICK HERE: ***************************************** 401k vs IRA DO YOU NEED A MONEY ADVISOR? Contact #1 Wealth Management Advisor RICH SCHUETTE HERE: Welcome to today's "Heart of the Matter" YOUTUBE LIVE STREAM video on the differences between a 401K and traditional IRA. How you ever struggled with what vehicles to put your retirement savings in? If so, Financial Mastermind, Rich Schuette of AVALAN WEALTH, will provide you with concrete steps to identifying the correct funds to put retirement dollars in and increase the values of the funds substantially. After watching the video, please comment below. I would love to hear from you about any questions or comments you had on financial investment, 401ks, IRAs, Roth IRAs, or any other investment vehicles you are contemplating. And also please say "Hi!" on Social Media: Twitter: Instagram: Facebook: LinkedIn: The content of this YouTube ...

Secure 2.0 loves Roths! The new Secure 2.0 Act made many changes to the retirement landscape, a ton of which apply to Roth IRAs. We break down the latest Roth changes to hit retirement planning in 2023.... ( 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 Big Secure 2.0 Roth Changes: A Game-Changer in retirement planning retirement planning is a crucial aspect of life that requires careful consideration and strategic decisions. Over the years, individuals have relied on various retirement saving plans to secure their financial future, with traditional Roth IRA accounts being a popular choice. However, recent developments have brought about significant changes in the retirement planning landscape with the introduction of Big Secure 2.0 Roth Changes. What are these changes, and why are they considered a game-changer? Let's dive in. Bi...

Roth vs Traditional Google Doc: Article referenced in video: 00:00 Intro 00:51 Roth vs Traditional 02:20 Examples 05:40 Similar NOT The Same 06:59 RMDs 07:47 Employer Match 08:40 Income Limits 08:57 Backdoor Roth Some of my favorite books: Camera & equipment I use: Disclaimer: Please note that this video is made for entertainment purposes only and not to be taken as financial advice. Always make sure to do your own research. Join the family & subscribe to my channel here: Thanks for watching, I appreciate you!... ( 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 Title: "Nearly Everyone Says The Roth Is A Great Investment & Nearly Everyone Is Wrong" | Is This Right? Introduction: The Roth IRA, a retirement savings account, has gained immense popularity over the years due to its potential tax advantages and fl...

A Roth IRA is an important component of your retirement portfolio. In this episode of Your Life Simplified, Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, discuss mistakes that can be made when investing in a Roth IRA and how to avoid them. Topics discussed include spousal contributions, Roth 401k options, the 5-year rule and contribution eligibility. 0:00 Intro 1:21 Missing Roth Opportunities 5:00 Cost-Basis 6:30 5-Year Rule 7:46 Backdoor Roth IRA 10:11 Contributing When Not Eligible 13:20 Outro & Disclosures #retirement #rothira #investing For more information, please visit us online at Subscribe and listen to our podcast, Your Life Simplified Apple Podcasts - Google Play - CONNECT WITH US ON SOCIAL LinkedIn - Facebook - Twitter - Instagram - ============================================= These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing h...

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, talks about the Build Back Better Act, which was passed by the House on Friday, has provisions related to retirement plans, specifically, IRAs. Adam will discuss strategies involving the Roth and whether or not you should consider a Roth conversion. Learn more about Roth conversions: About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(k) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not...

The SECURE Act 2.0 has eliminated the RMD for the Roth 401k. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.... ( rea...

Roth 401k vs 401k // Roth 401k Explained. There are NO INCOME LIMITS for Roth 401k contributions! With over 70% of employer sponsored 401(k) plans now offerring the Roth 401k provision it is becoming a more and more popular and common employer retirement account to contribute to. In this video I explain how the Roth 401k works and we compare your options of the Roth 401k vs 401k. With taxes being at historically low levels, it may make sense in your situation to forego the pre-tax 401k deduction, pay the taxes now, and let your Roth 401(k) contributions grow tax-free. My wife and I contribute 100% of our contributions into our Roth 401(k) and the employer match is placed into the pre-tax / Traditional 401k (which grows tax deferred). If you're not sure which one to contribute to....this video is for you! WhiteCoat Investor Article: Investment Calculator: ————— Call if you WANT TO ASK ME A QUESTION... ➡️ ————— MY WEBSITE 👨‍💻 ...

Roth IRAs are a great way to invest for retirement while also providing a tax shelter. However, there are many limits and rules to follow. Here's a quick tip for you to use when contributing to a Roth IRA! I'm a licensed financial advisor and I'm not providing investment advice through any content written or produced on YouTube. These videos are for general educational purposes and may contain errors. This is not financial and/or tax advice.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Quick Tips for Your Roth IRA: A Path to Financial Freedom In today's fast-paced world, it is more crucial than ever to plan for a comfortable and secure retirement. One excellent investment vehicle for achieving this goal is a Roth Individual retirement account (IRA). A Roth IRA offers numerous benefits, including tax-free growth and with...

Have you noticed that you can't make direct Roth IRA contributions once your income gets too high? Whether you are filing taxes as Single or Married Filing Jointly there are "Income Limits" for who can contribute to a Roth IRA. However, did you know that Roth 401(k) contributions have NO INCOME LIMITS? Further, did you know that if you ZERO OUT your Traditional and Rollover IRA accounts, you can make 2-step Roth IRA contributions? Learn all about Roth IRA and Roth 401(k) contributions in this video. Thank you for watching and I hope you have a blessed day! You can share a review via Google using this link: More about Ten Talents Financial Planning (www.tentalentsfp.com): Hi, I'm Kaleb. I’m the Founder of Ten Talents. I'm blessed to be regularly featured in CNBC, MONEY, and Business Insider personal finance articles. I’m a CERTIFIED FINANCIAL PLANNER™ (CFP®) Professional based in Parker, Colorado and I'm a fiduciary and fee-only advisor. Pu...