Timothy Sumer

Just because you're on your own, doesn't mean you don't have retirement plan options. I'm going to break down different retirement plan options for solopreneurs. Choosing a retirement plan as a self-employed person should be based on your earnings, business cash flows, tax situation and time frame. In this video, I'll compare the various retirement plan options for solopreneurs so you can determine a retirement plan that is a fit for you. I'll review, Individual Retirement Accounts (IRAs), Simplified Employee Pensions (SEP IRAs) and Solo 401k options. They each have their pros and cons. Click here for a downloadable retirement readiness checklist: Start a Financial Plan: Check out my website: Any questions, please email me at dmazzarella@mygfpartner.com... ( 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

A Roth IRA, or Individual retirement account , is one of the most common types of retirement savings accounts out there. Like traditional IRAs, Roth IRAs can help you save and invest for retirement. But Roth IRAs are especially great for young people because they have major tax perks that can save you serious money over time. Want even more info? Learn more: ---------------------------- Money Simplified. You’ve got money questions. We have quick and easy answers. What do you want to learn about today? Learn more about this and more when you subscribe and visit us at Find us on: Our website ► Twitter ► Facebook ► Instagram ► ... ( 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 A Roth IRA is a type of retirement savings account that allows you to save money on a tax-deferred basis. This means that you can contribute money to your Rot

The ultimate benefits of a Roth IRA vs. a traditional IRA are subjective depending on the individual and what tax bracket they expect to be in when they reach retirement age. In other words, would you prefer to receive your tax benefits now or after you retire? Since Roth IRA contributions aren't deductible and qualified withdrawals are tax-free, they may ultimately be a better option for those in a relatively low tax bracket at the time of investing. However, if you qualify for the traditional IRA tax deduction and are in a moderate-to-high tax bracket, then the immediate tax savings might be a better tradeoff. As a general rule of thumb, if you expect to be in a lower tax bracket when you retire, a traditional IRA might make more sense. However, if you expect to be in the same or higher tax bracket when you retire, it could be wiser to pony up the tax dollars upfront with a Roth IRA. But again, if you’re unsure of what your financial situation is going to look

Did you know you can use a Roth IRA to avoid taxes? Well you can. Roth IRAs are popular tools to avoid paying taxes on the growth of your money. Of course there are rules you have to follow to get this preferred tax treatment. In this video I'll show you exactly how Roth IRAs work and how you can use them for avoiding taxes and building wealth. If you have any questions please leave a comment below or contact me through our website here. 702-660-7000... ( 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 https://inflationprotection.org/how-a-roth-ira-works-details-and-regulations/?feed_id=65577&_unique_id=63d6f5f2cb48e #Inflation #Retirement #GoldIRA #Wealth #Investing #howaRothIRAworks #howanIRAworks #IRAs #IRAsexplained #RothIRA #rothiraexplained #rothirarules #rothiravstraditionalira #RothIRAs #BackdoorRothIRA #howaRothIRAworks #

The biggest retirement mistakes have nothing to do with investing believe it or not, said Ed Slott, Founder of Ed Slott & Company. Slott said not maximizing your retirement contributions is a major mistake and savers should take advantage of every option to keep putting money away in a retirement account . Another major error in Slott's opinion is leaving your job and taking Social Security too soon. As for required distribution mistakes, Slott said a huge one was not taking all your retirement accounts into account. Finally, Slott warned against making the wrong rollover moves when moving retirement funds and not planning for taxes. Subscribe to TheStreetTV on YouTube: For more content from TheStreet visit: Check out all our videos: Follow TheStreet on Twitter: Like TheStreet on Facebook: Follow TheStreet on LinkedIn: Follow TheStreet on Google+: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERT

Ed Slott and Dean Barber talk about what they think about the Roth IRA. For more info about this episode visit: Ed's new book: The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings by Ed Slott - Elite IRA Advisor Group - Episode 31: How to Avoid the Biggest Tax Traps with Ed Slott - Schedule a Complimentary Consultation with a Barber Financial Group Advisor - ... ( 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 https://inflationprotection.org/what-ed-slott-thinks-about-the-roth-ira-the-guided-retirement-show/?feed_id=38305&_unique_id=636dfd5614c9f #Inflation #Retirement #GoldIRA #Wealth #Investing #deanbarber #edslott #investing #iraaccount #iraaccounts #iraplanning #irataxes #Retirement #retirementira #retirementplanning #Roth