Timothy Sumer

A 403(b) is a retirement plan offered for public school employees and other tax-exempt organizations. Most plans have a Roth component and can be converted to a Roth IRA. -- Learn more about the Roth IRA: -- 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,

Roth IRA Investing For Beginners: Here is a COMPLETE guide on how you can become a Tax Free Millionaire using a Roth IRA. This video includes all the information you need to know about a Roth IRA and how EXACTLY you can achieve this goal. ⏰ Timestamps ⏰ 00:00 Intro 01:11 What Is A Roth IRA? 02:44 Rules To Follow 06:32 Where To Open A Roth IRA 07:48 How To Open A Roth IRA 09:05 Building A Portfolio 11:24 Tax Free Millionaire 💻 My Website: 📱 Follow Me Danny's Money talk: Twitter: 📕 Books I Recommend 📕 MONEY Master The Game by Tony Robbins: Macroeconomics by David A. Moss: Rich Dad Poor Dad by Robert T. Kiyosaki: The Intelligent Investor by Benjamin Graham: 🎞 How I Make My Videos 🎞 My Camera: Microphone: Lighting: Money Art: My Music: 📝 What is a Roth IRA? A Roth IRA is an individual retirement account that by U.S. law allows you to invest after tax money for the benefit to withdrawal at retirement (minimum 59.5) TAX FREE. Fidelity Playlist: Li

Provided to YouTube by IIP-DDS Roth · Kerkk · Spyridon Kapravelos Landslide ℗ Kerkk Released on: 2023-04-12 Producer: Spyridon Kapravelos Music Publisher: Spyridon Kapravelos Composer: Spyridon Kapravelos Auto-generated by YouTube.... ( 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, also known as a Roth IRA or Roth 401(k), is an investment tool that offers tax-free growth and withdrawals for qualifying investors. This type of investment vehicle was created in 1997 and has become extremely popular in recent years due to its favorable tax treatment. Investors can contribute after-tax dollars to their Roth accounts, which means that the money they invest has already been taxed. However, once the money is invested, it grows tax-free. Furthermore, when investors withdraw funds from their Roth account, they do not have to pay any ta

Do you know how the Roth Solo 401(k) works? You should! Join Adam Bergman as he walks you through the ins and outs of saving for retirement as a small business owner. You can have all the bells and whistles for your retirement account ! Interested in learning more about a Solo 401(k)? -- Learn more about the Roth IRA: -- Learn more about the Backdoor Roth: Learn more about the Solo 401(k): -- 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: #Solo 401k #retirement #Alternative

Are you currently or thinking about completing a Backdoor Roth IRA Conversion? In theory, it's a simple and effective financial transaction. However, there are 3 important tips you need to be aware of. Reporting on tax form 8606 Aggregation Rules Steps Transaction Doctrine ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA If you're thinking of starting a conversion to a Backdoor Roth IRA, there are a few things you need to take into consideration before you do so. This process can involve a bit of paperwork and can get confusing at times. However, if you follow the right tips and advice, the conversion process can be more seamless and effective. In this article, we'll share three backdoor Roth IRA conversion tips that will help you complete your conversion in good order. 1. Understand the requirements Before you start the con

In this series I will be maxing out my ROTH IRA and taking everyone on a walk through of my journey. Brokerage: Charles Schwab... ( 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 As a young professional, planning for retirement may seem like a far-off task. However, it's never too early to start thinking about it. In fact, one of the best ways to prepare for retirement is by opening a Roth IRA. A Roth IRA is an individual retirement account that allows you to make after-tax contributions, which then grow tax-free. This means that when you retire and start taking money out, you don't have to worry about paying taxes on it. And the earlier you start contributing, the longer your money has to grow. I recently decided to start maxing out my Roth IRA, which means contributing the maximum amount allowed by the IRS every year. For 2

Amiti Advising founder, Tony Aguilar, discusses the difference between a traditional IRA and a Roth IRA and what is better for young professionals and college students.... ( 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 When it comes to saving for retirement, there are several options available, including traditional Individual Retirement Accounts (IRAs) and Roth IRAs. While they share similarities in terms of eligibility and contribution limits, there are significant differences between these two types of accounts that can have a major impact on retirement income. The primary difference between a traditional IRA and a Roth IRA is the timing of the tax benefits. Traditional IRAs offer a tax deduction on contributions made, whereas Roth IRAs offer tax-free withdrawals in retirement. With a traditional IRA, contributions are made with pre-t

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

How Roth IRA vs. Traditional IRA Can Save Your Life Do you know the difference between a Roth IRA and a Traditional IRA? Watch this video to find out! A Roth IRA is funded with after-tax dollars, but the money grows tax-free and can be withdrawn tax-free in retirement. A Traditional IRA is funded with pre-tax dollars, but withdrawals in retirement are taxed as income. So which is right for you? Watch this video to find out! M1 Finance: MY FAVORITE INVESTMENT PLATFORMS: -Robinhood: -M1 Finance: -Webull: -Ally Invest: DON’T FORGET TO SUBSCRIBE: ✔️ ALSO, SEE SOME OF OUR OTHER VIDEOS: ➤ FAST & FURIOUS: ➤ Most Recent: ➤The Road To Financial Freedom: ➤Cryptocurrency & NFT Talk: ➤Investing Into The Metaverse: ➤Investing: ➤ MEME’d Financial News: 💥 Hustle & Power: MUSIC & VIDEO: Storyblocks (Videoblocks & Audioblocks) Annual Subscription Again, please do not forget to Like, Subscribe & Press The Notification Bell to suppo

Step-by-step instructions on how to do a Roth IRA Conversion, aka the Backdoor Roth IRA.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Backdoor Roth IRA: How It Works and Why It's Beneficial A Roth IRA is a tax-advantaged retirement account that allows individuals to contribute after-tax dollars and withdraw earnings tax-free in retirement. However, for high-income earners who exceed the income limits for Roth IRA eligibility, the Backdoor Roth IRA can be a solution. What is a Backdoor Roth IRA? A Backdoor Roth IRA is not an actual type of IRA, but rather a strategy used to contribute to a Roth IRA indirectly. It involves making a nondeductible contribution to a traditional IRA and then converting those funds to a Roth IRA. How does it work? The Backdoor Roth IRA process involves three steps: Step 1: Make a nondeductible contributi

Subscribe Now: Watch More: Deducting money from a traditional IRA for your favorite charity is something that you have to do in a very specific way. Learn about deducting money from a traditional IRA for your favorite charity with help from a professional public speaker and radio personality in this free video clip. Expert: Kenneth Himmler Series Description: IRAs and investing in general can be complicated topics, so if you're feeling confused or overwhelmed its always important to consult the advice of a professional. Get tips on IRA and investment topics with help from a professional public speaker and radio personality in this free video series.... ( 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 Individual Retirement Accounts (IRAs) are a great way to save for retirement while enjoying tax benefits. Traditional IRAs allow you

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 Inheriting an IRA or 401(k) can be a complex process with several important considerations. These accounts are often designed to be used during an individual's retirement years, but they can also be passed down to beneficiaries after the account holder's death. When inheriting an IRA (Individual retirement account ) or 401(k) plan, there are important tax implications to consider. Depending on the type of account and the beneficiary's relationship to the account holder, certain tax rules may apply. If the beneficiary is the account holder's spouse, they have the opt

-Video Upload powered by ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA For many investors, a Roth IRA is an ideal investment vehicle to save for retirement. However, for those who earn too much to qualify for a traditional Roth IRA, a backdoor Roth IRA might be an attractive option. Backdoor Roth IRA contributions have gained popularity over the years since its establishment by Congress with the passage of the Tax Increase Prevention and Reconciliation Act of 2005. Let's delve into what a backdoor Roth IRA is and its benefits, and how you can use it to save for your retirement. First, a bit of background. Roth IRA contributions are made with after-tax dollars. Earnings and withdrawals are typically tax-free, provided certain requirements are met, such as being at least 59 1/2 years old and the account being open for at least five years.

Roth IRA! What an awesome investment vehicle! What exactly is it? How does it work though? In this video, we go into a deep dive to discover and explore what it is all about. There is a lot here, so buckle up bitter cup! Visit our website: www.centennialfg.com Let us know if we can help with anything! Reach out or set up a 15-minute initial complimentary call by going to our website! Investment Adviser Representative offering securities and advisory services through Cetera Advisor Networks LLC, doing insurance business in CA as Centennial Financial Group, LLC member FINRA / SIPC, a broker-dealer and registered investment adviser. Cetera is under separate ownership from any other named entity. CA insurance license 4100185. All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. Cetera does not offer any direct investments, endorsement, or advice as it relates to Bitcoin or any cryptocur

First, let’s see if you qualify for a Traditonal or Roth IRA. Annual contributions to both accounts are the same in 2016 as in 2015 -- up to $5,500 per person, or $6,500 for individuals who are 50 or older. You may earn too much to fund a Roth, because they're available only to individuals whose modified adjusted gross income doesn't exceed a maximum of $132,000 in 2016. For married couples filing a joint tax return, eligibility requirements end at $194,000. With a traditional IRA, you may be able to claim a full income-tax deduction for your contributions, as long as you don't have access to a retirement plan at work, such as a 401(k). Single filers who do have access to such a plan can take a full deduction if they earn $61,000 or less, or a partial deduction up to $71,000 in 2016. The income limits are trickier for married couples filing jointly. If you have access to a plan, the limits are $98,000 to $118,000; if your spouse has access to a plan but yo

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A Quick Overview of Investing in the Thrift Savings Plan #TSP #thriftsavingsplan #Rothtsp Real Estate Investing Course: Recommended books and tools: - SUBSCRIBE: - Website: Instagram: Facebook: - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: to the channel for more awesome videos!... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold