Timothy Sumer

One of the most important tools in finance we have today is the ROTH IRA. And ROTH Conversion is, simply put, the process of turning a traditional IRA or pre-tax 401k into a ROTH IRA. Why would you do that? Should you do that? Hint: key words is “taxes” Brad explains the pros and cons of conversion in the full video: ... ( 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 Why Convert Your ROTH IRA Short A ROTH IRA (Individual retirement account ) is a tax-advantaged investment account that allows individuals to save for retirement. One of the unique features of a ROTH IRA is that contributions are made after-tax, which means that withdrawals in retirement are tax-free. This makes it an attractive option for individuals who expect to be in a higher tax bracket during retirement. While a ROTH IRA offers excellent long-term benefits, there m

One of the most important tools in finance we have today is the ROTH IRA. And ROTH Conversion is, simply put, the process of turning a traditional IRA or pre-tax 401k into a ROTH IRA. Why would you do that? Should you do that? Hint: key words is “taxes” Brad explains the pros and cons of conversion… #roth #ira #conversion #rothira #rothconversion #taxes #taxbracket #nationaldebt #retirement #retirementsaving #retirementplanning #financialplanning #rmds #irma #pretax #finances #saving #whyconvert #financialdecisionsmadesimple... ( 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 Why You Might Need to Convert to a ROTH IRA Financial planning and retirement savings are vital aspects of ensuring a stable future. Among the various retirement saving options available, ROTH IRA stands out as an attractive choice due to its unique advantages an

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

If you are self-employed or small business owner and utilize the SEP IRA, it will have zero impact as to the ability to perform a Backdoor Roth IRA if you are over the contribution limits to directly contribute to a Roth. -- Learn more about the Backdoor 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-c

Roth IRA确实有不少好处。但我们是否能把钱投放进去Roth IRA里面，是会受到一些收入限制的。如果个人收入超过14万，或夫妻收入超过20万8的话，那就完全不能投放Roth IRA了。这样看起来，像是IRS要把这个Roth IRA的好处留给普通收入的人群和家庭啊。 但美国税法在这方面奇怪的是， 虽然他们会约束高收入的人直接投放Roth IRA，但是他们并没有约束这些人投放传统IRA，然后把他们的传统IRA装换，convert成为Roth IRA。也就是说呢，在程序和文件上面多走一两步，最后还是可以达到投放满额Roth IRA的。所以这种办法就被称为Backdoor Roth IRA。也就是说，就算收入超了前面提到的限度，还是可以通过走后门的办法投放满额的Roth IRA。 那这个Backdoor Roth IRA的操作其实很简单，用三个步骤就可搞定： 第一步：就是要确认自己已经有一个传统IRA账户和一个Roth IRA账户。 如果没有的话，我们可以在银行或证券公司这些地方把账户开了。 第二步：就是把钱投放在传统IRA账户里面。这一点，相信对于已经有IRA的朋友并不陌生，也就是把钱从一个银行账户，像checking或者是saving，转进去传统IRA 账户里面。 第三步：就是把传统IRA里面的钱，到账以后，立即转到Roth IRA账户里面。而这一步呢，大部分时候就好像从一个银行账户转到另一个账户那么简单，尤其是在网上操作的话。而这里强调这个钱到账以后要立即转放的原因呢就是为了避免投放的钱产生收益，然后产生要交的税。... ( 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: What is it and How to Easily Invest in 3 Steps Roth IRA is a popular retirement savings account that allows ind

Roth IRA确实有不少好处。但我们是否能把钱投放进去Roth IRA里面，是会受到一些收入限制的。如果个人收入超过14万，或夫妻收入超过20万8的话，那就完全不能投放Roth IRA了。这样看起来，像是IRS要把这个Roth IRA的好处留给普通收入的人群和家庭啊。 但美国税法在这方面奇怪的是， 虽然他们会约束高收入的人直接投放Roth IRA，但是他们并没有约束这些人投放传统IRA，然后把他们的传统IRA装换，convert成为Roth IRA。也就是说呢，在程序和文件上面多走一两步，最后还是可以达到投放满额Roth IRA的。所以这种办法就被称为Backdoor Roth IRA。也就是说，就算收入超了前面提到的限度，还是可以通过走后门的办法投放满额的Roth IRA。 那这个Backdoor Roth IRA的操作其实很简单，用三个步骤就可搞定： 第一步：就是要确认自己已经有一个传统IRA账户和一个Roth IRA账户。 如果没有的话，我们可以在银行或证券公司这些地方把账户开了。 第二步：就是把钱投放在传统IRA账户里面。这一点，相信对于已经有IRA的朋友并不陌生，也就是把钱从一个银行账户，像checking或者是saving，转进去传统IRA 账户里面。 第三步：就是把传统IRA里面的钱，到账以后，立即转到Roth IRA账户里面。而这一步呢，大部分时候就好像从一个银行账户转到另一个账户那么简单，尤其是在网上操作的话。而这里强调这个钱到账以后要立即转放的原因呢就是为了避免投放的钱产生收益，然后产生要交的税。... ( 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: What is it and How to Easily Invest in 3 Steps Roth IRA is a popular retirement savings account that allows ind

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

Suze explains how in 2010 you can roll over any IRAs into a ROTH IRA for tax savings in the future.... ( 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 Suze Orman is a personal finance guru who has been providing advice to people for years. She has recently been advocating for Roth IRA rollovers. A Roth IRA rollover is when you transfer money from a traditional IRA or 401(k) into a Roth IRA. This can have significant tax advantages in the long run. In 2010, the rules for Roth IRA rollovers changed. Prior to 2010, there were income limits on who could convert their traditional IRA or 401(k) into a Roth IRA. However, in 2010, these income limits were lifted. This made it possible for more people to take advantage of the benefits of a Roth IRA. Suze Orman has been a strong advocate for Roth IRA rollovers since the rule change in 2010. She believes

In this video, “Roth IRA Rules and Mistakes That Will Cost You Money”, we talk about the top 7 Roth IRA mistakes to avoid. Roth IRA explained like never before! We’ll go through: - What is a Roth IRA is and how does it work - Roth IRA contribution rules - Roth IRA withdrawal rules - What happens with a Roth IRA early withdrawal (e.g., Roth IRA early withdrawal taxes, Roth IRA penalty, Roth IRA without penalty) - Roth IRA distribution rules By the end of this retirement 101 video, you’ll be able to answer these personal finance questions: - How does Roth IRA work? - What should you (not) do to maximize your retirement savings? Check out our Roth IRA withdrawal rules video: or full retirement playlist: 0:00 Intro 3:00 Mistake #1 3:47 Mistake #2 5:43 Mistake #3 6:51 Mistake #4 8:12 Mistake #5 9:36 Mistake #6 10:32 Mistake #7 WATCH NEXT ⭐ 2022 November I-Bond Rate Prediction: ⭐ How To Buy An I Bond (step-by-step tutorial) via TreasuryDirect: ⭐ How Is I-Bond Interest Fo

If you want to open an M1 Finance account you can open it with my link here and support my channel! Watch my Schwab vs Fidelity Video: Watch my Betterment review: Watch my Wealthfront review: Watch my Betterment vs. Wealthfront video: In this video I discuss the best stock brokers for Roth IRA’s. I break this video into different sections to better help you figure out which broker is the best for a Roth. First, I discuss traditional brokers like Fidelity and Schwab. Next, I discuss the fintech type of brokers of brokers like M1 Finance. Finally we have the robo-advisors like Betterment and Wealthfront. From there, I break the brokers down by investment style. Some brokers are best for passive investors, some are best for mid- long-term active investors. Some are best for active investors like day traders or swing traders. 0:00 Intro Best Brokers for Roth IRA 3:38 Best Roth IRA Broker for Passive Investors, Fideilty, Schwab, M1 Finance 4:52 Best Ro

Roth conversion income does NOT count against your MAGI in order to determine your ability to contribute directly to a ROTH IRA. I did not know this! Ole Ben from Texas shared that information with me. So I knew I needed to share it with you too. Folks, this just proves the point, NO ONE can possibly know everything when it comes to financial planning. And when it comes to YOUR specific situation, no one cares more about it than YOU. Thus, while relying on folks in the business is a good idea, man, oh man, you've got to take care of number 1 first. And that's you! ================================ If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: My Amazon Product page: Anything you buy there Amazon pays me a commission. Much

Advanced Roth IRA alternative. More control, less tax, larger inheritance. Forever taxed to never taxed. - No contribution or income limits. - Contributions are flexible. - No RMD. - Market upside without risk to principal. - Potential double digit gains locked in. - Money grows tax free. - Access money tax free pre 59.5 no penalty. - Tax free inheritance for heirs. - Eliminates Secure Act inherited IRA 10 year rule. - Interest free loans. - Non reportable tax free income. - Tax free income does not increase Medicare or social security taxes. - Living benefits.... ( 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 Roth IRA, or Individual retirement account , is a popular option for Americans to save for their retirement. However, there is a lesser-known alternative: the Advanced Roth IRA. The Advanced Roth IRA works similarly to a traditiona

Roth IRA Explained - Everything You Need To Know: Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: Roth accounts are a powerful investment tool that can benefit some people. Whether it is the Roth IRS, Roth 401k, Back Door Roth, or Roth Conversion, these options should be selected based on everyone's own specific financial situation. With so many different Roth Accounts to choose from and all of them having their own small nuances, join Johnathan and Melissa Rankin as they go over 5 Roth Account types and strategies. Submit questions to the show at Retire@theoremwm.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO, - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management, Financial Advisor Dallas, Texas - Retire Once Show - 2022 Retirement Podcast Series ----------------------- CHAPTERS 0:00 - Introduction 1:48 - What is a Roth Account? 3:37 - Roth Account vs Tra

This quick video will show you how to set up automatic recurring investments on Fidelity. You can add any ETF or mutual fund to the plan. Please LIKE if the video was helpful and comment any questions you have. Thanks for watching... ( 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 Setting up automatic recurring investments on a Fidelity SIMPLE plan is an easy way to invest regularly and help grow your retirement savings. Here’s a step-by-step guide on how to get started: Step 1: Log in to your Fidelity account and go to the “Investment” tab. Step 2: Click on “Automatic Investments” under the “Service & Support” section. Step 3: Select “Set up automatic investments.” Step 4: Choose your investment account and the investment you’d like to make recurring contributions into. Step 5: Decide on your contribution frequency (weekly, bi-weekly, mo

Reach out to your tax planner to see if this is an opportunity for you. Do you have something you'd like to see in our next video? Let us know! DISCLAIMER: The content in our YouTube videos are for educational purposes only . Everyone's situation is different. This is a generalized discussion and there are other factors involved in making an informed decision. In order to make the best decisions, contact your trusted advisor and tax planner to discuss the details of your specific circumstances.... ( 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 of January 1, 2021, the Simple IRA retirement plan has expanded to allow for Roth contributions. The change was made as part of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which was signed into law on December 20, 2019. Previously, Simple IRA contribution

Roth IRAs SHOULD be looked at as an estate planning tool. In this video, we go over a Vanguard paper that talks about this exact thing. ================================ If you like what you see, a thumbs up helps A LOT. It tells YouTube that people are engaged and so the Youtube algorithm will show the video to others who may be interested in the content. So, give me a thumbs up, please! Don't forget to SUBSCRIBE by clicking here: My Amazon Product page: Anything you buy there Amazon pays me a commission. Much appreciated! If you received value from this video and/or channel, and want to say thanks, feel free to send a donation via Paypal. I'm not too proud to ask! Contact me: Josh@heritagewealthplanning.com GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! The Tax Bomb In Your Retirement Accounts: How The Roth IRA Can Help You Avoid It Strategic Money Planning: 8 Easy Ways To Put Your House In Order State by State Tax Guide For Retirees

The 2023 retirement contribution limits have been released and they are some of the largest increases in recent years. We cover what you need to know and how to take advantage of these increases in this short video. Please let us know if you have any questions or if we can help in any way! Recap 401(k), 403(b) increased to $22,500 with a $7,500 catch up provision for those over 50 years old Simple IRA increased to $15,500 with a $3,500 catch up provision for those over 50 years old Traditional and Roth IRA increased to $6,500 with income restrictions and $7,500 for those over 50.... ( 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 year 2023 promises to bring a lot of changes to the world of finance, and one of the most significant changes is the increase in contribution limits for various investment accounts. These limits define how mu