Timothy Sumer

In this video, we going to compare the Traditional IRA vs. Roth IRA and help you decide which one is better for your financial situation. We'll walk you through the pros and cons, including tax implications, of both types of IRAs so you can make an informed decision. Channel Link ➤ Subscribe for More Videos ➤ sub_confirmation=1 Welcome to Developing Dividends. We believe that having a strong foundation of financial literacy can ultimately lead to an individual obtaining wealth and financial independence. While hiring someone who understands the seasons of the economy may prove beneficial, having a solid financial education will truly empower you to Develop Dividends! In this channel, we will explore personal finance topics such as budgeting, insurance, mortgages, and taxes. Diving into ways that you can actively and passively growth your wealth, we will also explore various investment vehicles such as stocks, bonds, IRAs, real estate, cryptocurrency, and more. F

#working and collecting social security Are you planning to continue working after you start collecting Social Security? If you earn more than $17,640 per year before you reach your full retirement age, then you will likely need to repay some or even all of your Social Security Benefits. This topic continues to be widely misunderstood. In this video... *** The Social Security earnings limit for 2019 *** How much you can make before it affects your Social Security *** Will I get back the money lost to the Social Security earnings limit Thank you for watching! Please subscribe to our channel if you like the content. retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retirement planning and financial Education! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement plannin

Use This Roth IRA Conversion Strategy for Optimal Tax Free Growth In this video, I want to discuss a Roth conversion strategy that will help you maximize the amount of dollars you are trying to convert from IRA to Roth IRA. What is a Roth IRA conversion? A Roth Conversion is moving pretax money from an IRA to a Roth IRA. When you do this, you'll pay taxes on the amount you move from your IRA to your Roth IRA, but the money will now grow tax free in your Roth IRA account. A Roth IRA Conversion makes sense for individuals who believe that might be in a higher tax bracket once they get into retirement and want to eliminate taxes from their retirement income. The biggest advantage to a Roth IRA conversion is the ability to take tax free withdrawals in the future. These tax free withdrawals can be use for retirement income once you are in retirement. Also, there is no predicting where tax brackets will be when you retire, so having a large Roth IRA account can help el

Join the newsletter: How should Social Security, annuities, pensions and other forms of guaranteed income affect our asset allocation during retirement. Some argue that we should treat them like bonds. They offer near guaranteed, stable income, and therefore, they should constitute part of our bond allocation. A better approach, in my opinion, is to simply reduce or annual income requirements be the amount of these guaranteed payments. Then base our asset allocation on any additional income we need to generate from our investments. I walk through both approaches in this video. Resources mentioned in video & some bonus resources Annuity Calculator: Personal Capital (Investment Tracking, retirement planning ): Kitces' article: Bengen article: Kitces' interview: Forbes article on valuing social security: Social Security Valuation Calculator: Investing Tools & Resources 📚 My Book (Retire Before Mom and Dad): 📈 Personal Capital (Investment

In this video, I'll show you how to start investing for retirement for beginners, step by step. We'll discuss how to plan for retirement, which retirement accounts are best, and how to choose your retirement investments. We'll pay close attention to the target date index fund. How To Start A Roth IRA video: ► FREE COURSES AND MONEY MAKING RESOURCES - Mayo University: ► FREE STOCKS - Get 6 free stocks worth up to $12600 when you deposit $0.01 with Webull: - Get free stock up to $300 with Public: ► HOW I MAKE MY VIDEOS - All of my equipment: - My music: - My title effects: - My graphics + stock footage: - How I make my thumbnails pop: ► OPEN A ROTH IRA AND START INVESTING - M1 Finance: ► FOLLOW ME - Instagram: *None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partner web

retirement planning at age 50 #shorts #retirementplanning #retirement  Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement planning at 50", or even " retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to retire called "Your Financial EKG™." What we are trying to visualize is how long a persons retirement savings are going to last throughout retirement. If you are looking for early retirement planning tips or trying to saving for retirement in your 50's, You Financial EKG™ is

We discuss a key retirement decision that retirees often face: choosing an annuity or a lump sum from their employer's retirement plan . We learn about the factors that need to be considered when making that decision.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/choosing-an-annuity-or-a-lump-sum-from-an-employers-pension-plan/?feed_id=46915&_unique_id=638f2104d7810 #Inflation #Retirement #GoldIRA #Wealth #Investing #AnnaRappaport #consumers #DavidLittell #decisions #Plans #Qualified #qualifiedplans #Retirement #retirementdecisions #retirementincome #RetirementIncomePlanning #retirementplanning #RICP #RetirementAnnuity #AnnaRappaport #consumers #DavidLittell #decisions #Plans #Qualified #qualifiedplans #Retirement #retirementdecisions #retirementincome #RetirementIncom

Is your retirement income withdrawal and tax planning strategy optimized for your retirement? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to If doing some Roth Conversions is good, does that mean doing larger Roth Conversions is better? Should you convert all of your IRAs? How aggressive should you be on a conversion in a given year? These are common questions that we receive after many retirees find that Roth Conversions are necessary to optimize their retirement tax situation. As with most tax planning, the answer is... "It depends." In this video, we guide viewers through the key variables that determine how much you convert. We talk through who will benefit from converting everything and who will be better off leaving some tax deferred accounts to fill in lower brackets later in retirement. #RothConversion #RetirementIncomePlanning #M

In this video, 7 Social Security Mistakes that Cost Thousands in Retirement, I debunk myths, clear up Social Security uncertainty and help the viewer avoid some of the most common mishaps that retirees make. Along the way I make certain "fuzzy ideas" crystal clear. This video is for anyone who wants to optimize their Social Security benefits. Links to Other Videos Mentioned in this Video. How to Calculate Your Own Social Security Payment Provisional Income Calculation Debunking the Age 62 and Invest Strategy Other Important Links: Federal Reserve Board Survey of Consumer Finances: Social Security Administration Application for Benefits Current Social Security Cost of Living Adjustment Social Security Payment Estimator THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it? 7 GOOD REASONS to File for Social Security Benefits at Age 62 Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!?