Timothy Sumer

Individual Retirement Accounts (IRAs) can help you pay LESS in taxes when you’re investing for retirement. Which one is best? There are two principle types, Traditional IRAs and Roth IRAs, and they work in somewhat various ways. Which one should we choose? The significant distinction between a customary IRA and a Roth IRA has to do with how your cash is burdened. By finding out with regards to the different assessment structure, you can sort out which one is more invaluable to you, contingent upon your age and monetary profile. The second contrast when you check out Roth versus Traditional IRA has to do with when you can pull out cash. Consider the duty and withdrawal rules for conventional IRAs, trailed by the assessment and withdrawal Roth IRA rules. Traditional IRAs permit your cash to develop totally un-burdened until you take it out. You contribute pre-burdened cash, which fills in your record until you pull out. Whenever you contribute cash to a conventional IRA, you

大家好！“美国退休账户详解” （All About Retirement Accounts）这套课程终于上线啦！被大家呼吁了2年多，我终于克服了拖延症把这套课程做出来啦！ 购买链接如下： 别忘了用 coupon code “MONEY322”，获取50%的折扣！ 这套课程分40个小节，涉及了美国常见退休账户的方方面面。有基础知识，比如401K和IRA的区别，Backdoor IRA如何操作；也有实操中常见的细节问题，例如Roth IRA存多了怎么办？留学生要回国了401K怎么办？Backdoor操作的时候被扣税了怎么办？ 内容以我频道里的原视频为骨架，补充了视频没有的知识点，整合加工完成。我在整套课程里有意地把知识点串联梳理起来，由浅入深、系统地呈现给大家。作比较、列数据、讲实操、作总结，同一个知识点在不同场合反复出现，我就从不同的角度反复地说它。保证你在看完这套课程之后能把之前一些似懂非懂模模糊糊的概念全部吃的透透的。（第315期“Mega Backdoor”就是课程的节选，想要了解课程风格的朋友欢迎试听第315期） 每一个必要的场合都配了例子，每个例子都配了数字。该有的图表，分析等等都给它配起来。涉及计算的时候拿数字说话，还融合了原频留言区的观众留言（有观众提的好问题也有有价值的补充）。 我对这套课程的内容非常有信心，希望能够帮到有需要的朋友！ 购买链接如下： 别忘了用 coupon code “MONEY322”，获取50%的折扣！ 大纲如下： 前言 1. 401K 1.1 什么是401K 1.2. How does 401K plans Work 1.3. Contributing to a 401K 1.4. How does a 401K make money 1.5. Withdrawals from 401K 1.6. 离职之后401K 的match问题 1.7. 离职之后401K怎么处理 1.8 Roth 401K里面雇主match的钱是税前的还是税后的 1.9. 401K Loan 1.10. Traditional 401K Vs. Roth 401K 2. 回国之后退休账户怎么办？ 3. IRA 3.1. IRA 简介 3.2. 什么是Earned i

Knowing the difference between a Roth IRA and Traditional IRA is probably the most common question I receive. And knowing the difference/tax incentives given to you could aid you to become financially independent sooner than if you saved in a typical investment account. There are plenty more rules surrounding these accounts that define withdrawal rules, contribution limits based on income, and how to get around those income limits. But I didn't think you all want to sit around for a one hour lecture on IRA's. Don't worry though, because I'll be making more videos pertaining to the niche rules surrounding these accounts as time goes on. Arbitrage: Sincerely, Stephen B.... ( 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 Roth IRA vs Traditional IRA: Which Account Should You Use? Saving for retirement is a crucial part of

Noted retirement planning expert James Lange shares some of his tips on how to plan for retirement and beyond. Jim has dedicated his life to helping others achieve their goals for a healthy and happy retirement: ... ( 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 The Inherited IRA: Understanding the Benefits and Rules An inherited individual retirement account (IRA) is an important financial tool that allows beneficiaries to receive and manage retirement funds from a deceased account holder. With an inherited IRA, beneficiaries can continue to grow the funds while taking distributions in accordance with specific rules and regulations. When someone passes away and designates an IRA beneficiary, that individual inherits the account. The beneficiary then has the option to transfer the funds to an inherited IRA and continue to enjoy the tax be

The Mega Backdoor Roth 401(k) is very much available in 2023. In fact, you can still perform a Backdoor Roth for the 2022 taxable year. -- Learn more about the Mega Backdoor Roth 401(k): -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial 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, sa

In this video we go over ROTH IRA accounts, as well as Back Door Roth IRAs, Mega Back Door Roth IRAs, and Roth 401ks. Hopefully this answers your questions about this amazing investment account that can let you retire AND pay ZERO taxes when investing in it! Thanks for watching! Disclaimers: This video is intended for a broad audience and should not be considered financial advice. I am not a financial advisor and I encourage everyone to work with a professional to help reach their desired financial goals. Do not buy, sell, or apply for financial products (including but not limited to credit cards, loans, etc.) based on the contents of this video or any other content you see made by me. I am not a professional and this video is a combination of my research and opinions. The content may be incorrect, inaccurate, contain errors, subject to interpretation, situational, or not hold up in the long term. Please remember there are risks to investing, including losing all the mo

#taxes #401k #ira #retirement #taxsavings #taxsavingtips Roth IRA contributions vs Traditional IRA contributions Roth 401k contributions vs Traditional 401k contributions Disclaimer: The content in this video is provided for informational purposes only and is not intended to substitute for obtaining investing, financial, tax, legal, or other advice or services from a professional. While reasonable efforts are made to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this video or on this channel is accurate, complete, reliable, current or error-free. We assume no liability or responsibility for any errors or omissions in the content of this video or channel.... ( 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 Roth IRA and 401k Contributions vs Traditional IRA and 4

Frank Finance explains 401k, Roth 401k, 403b, Roth 403b,IRA, Roth IRA, 457b, and 457b Roth retirement accounts. Contribution limits, Roth vs Traditional, Age limits, Early withdrawals, and early withdrawal penalties are discussed. Please Subscribe and click the notification bell to get notified of future content. If you like my content please give me thumbs up, that helps a lot. 4 Steps to Wealth Compounding Interest #retirement #401k #rothvstraditional #ira Frank will be Frank about how to save and invest in order to reach financial independence. Topics will be about Saving, Investing, Stock analysis, and Market news. Frank Finance looks to build up others by providing information that is meant to inform viewers on strategies and techniques as applied to saving and investing. I am not a financial advisor. Not all topics are meant for every viewer and are geared toward education. I am passionate about saving & investing and seek to motivate my viewers, so that t

IRA Financial's Adam Bergman Esq. discusses the recently announced contribution limits for 2021 for retirement plans, including the Solo 401(k), Self-Directed IRA, SIMPLE and SEP IRAs, along with a historical look at the limits. -- 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. Learn More: ... ( 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 The IRS has re

Roth IRA Basics and Strategies You MUST Know - Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: Are you looking for a tax-free growth and withdrawal retirement savings plan? Then look no further than the Roth IRA. In this comprehensive guide, we'll cover everything you need to know about Roth IRAs, from the basics of what they are and how they work to more complex topics like Roth conversions including The Backdoor Roth IRA and The Mega Backdoor Roth IRA. If you're new to Roth IRAs or just need a refresher, we've broken down the video into chapters so you can easily skip ahead to the topics that interest you the most. We cover the basics of Roth IRAs, including what they are, how they work, and the benefits of opening one. One of the biggest benefits of a Roth IRA is tax-free growth and tax-free withdrawals in retirement. We'll also discuss the differences between Roth IRAs and traditional IRAs, and how to decide which on

Full-length overview of everything you need to know about your 401(k) including the types of 401(k) plans, withdrawal penalties, and even a little history about 401(k) plans. A quick little guide that touches Roth 401k vs Traditional 401k and why the Roth 401k is the better plan for you! If you're interested in learning what is a roth 401k or would like roth 401k explained, check the link above!... ( 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 When it comes to selecting the right retirement savings plan for yourself, there are a number of factors that you need to consider. One of the most important factors to consider when selecting your retirement savings plan is the type of 401(k) investment that you will make - Roth 401(k) or Traditional 401(k)? While both options have their own advantages and disadvantages, in this a

Video from Facebook live stream from the Facebook group, "Taxes in Retirement," from December 16, 2020. Discussion of everything you need to know about Roth conversions. To join Taxes in Retirement - #TaxPlanning #RetirementPlanning #RothConversion DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy.... ( 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 On December 16, 2020, a Facebook Live event was held to provide information on what to know about Roth conversions. The event was aimed a

✅ School of Personal Finance Depending on your current income and tax bracket, now might be a great time to convert your accounts to a Roth IRA. In this video, I explain what a Roth conversion is and why the current market conditions make it more appealing to pull the trigger and pay the taxes now so you can enjoy tax free money later on. Subscribe Here: Check out School of Personal Finance blog: ★ CONNECT WITH RICH ON SOCIAL★ ▸Twitter: ▸Instagram: ▸Facebook: ▸Linked In: #schoolofpersonalfinance #personalfinance #financialeducation #financialplanning #financialfreedom #fire #financialindependence #richmccormack School of Personal Finance is an Investment Advisor registered with the State(s) of New York. All views, expressions, and opinions included in this communication are subject to change. This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided h

I'm going to teach you how to transform a 1 million dollar inheritance into a tax-free asset. Although many inheritances are naturally tax-free, that asset will become a tax burden as it grows in value during your lifetime. The solution calls for 5 different strategies: -Pay for the taxes on your Roth conversion -Max out your Roth 401(k) for you and your spouse -Fully fund your Roth IRA's -If already retired, pay for your lifestyle in order to lower the tax rate on your Roth Conversion -Contribute money to a life insurance retirement plan. Watch me go into depth on each of these strategies in this video. ✅ Learn More: ➡️ FREE Video Series: ✔️ Listen to the Podcast - 🔹 Connect With Us 🔹 Twitter -@mcknightandco... ( 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 Inheriting $1 million is a dream come true for most people. Howev

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, will discuss the final days of the Backdoor Roth IRA. As a result of the Build Back Better Act, you will no longer be able to perform a Backdoor Roth IRA, assuming the bill is passed by the Senate. Starting in 2022, you will no longer be able to make after-tax contributions to an IRA, and then convert them to a Roth. For many, you only have a few weeks left to maximize your Roth savings. Learn more about the Backdoor Roth: 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

In this video, we’re covering what you need to know before you cash out your Roth IRA or take out a good sized chunk of cash from it – and what you need to know to avoid paying the 10% penalty for early withdrawal. ➡️ Must-watch video: Should I STOP Funding My Retirement? ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Check out our site for more tips The rules allowing a Roth IRA to be 100% tax-free and penalty-free are firm: Hold the account for more than 5 years and be age 59 ½ or older. Now, if you’re under 59 ½ and you want to withdraw ALL or SOME of the money from your Roth – how much you have to fork over to the government for early withdrawal is determined by how long you’ve held the account. And that amount is 5 years. If you have had your Roth IRA for under 5 years and you are under 59 ½, you will be penalized 10% by the IRS. Remember, your contributions are always free from taxes since you deposited after-tax money into