Timothy Sumer

In this video I cover the highlights of the recent changes announced for the Social Security program beginning in 2024. Resources mentioned in the video: →Social Security Cheat Sheet →My video “How Social Security Retirement Benefits Are Calculated [3 Easy Steps]” →My video “Working While Receiving Social Security (The New 2024 Rules)” 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings last longer and reduce your taxes by coordinating your Social Security filing strategy, retirement account withdrawals, and Roth conversions. 📞Schedule your call and see if this plan is a fit for you. 🎤 If you're preparing for retirement or already enjoying it, you'll definitely want to catch my podcast, Big Picture Ret

In this episode, James emphasizes the importance of having a well-thought-out financial plan for retirement, rather than relying solely on the size of your investment portfolio. Financial security doesn't come from a specific portfolio number but from having a comprehensive plan. Using a listener's question, James walks through a step-by-step approach to assessing retirement readiness. He discusses aspects like income planning, investment strategies, tax optimization, and protection through insurance and estate planning. Shifting your mindset from a saving mentality to a spending mentality in retirement allows you to fully enjoy your savings. Learn how to determine if you'll be financially secure in retirement and how to optimize your financial resources to enhance your overall retirement experience. Questions Answered: How do you assess your retirement readiness? How can you optimize their retirement plan to enhance their overall retirement experience? =====

Are you navigating the Social Security jungle and wondering when to take your benefits? In this episode of the Retire With Purpose Podcast, we explore two methods that can be leveraged to determine how to maximize the money that ends up in your pocket. Join us as we discuss: * Why some elements of Social Security are commonly overlooked * Where Social Security calculators and software fall short * How to calculate your minimum and maximum benefit * Factors that impact your Social Security claiming strategy * Breakeven analysis vs. present-value calculations * Why the concept of utility should be implemented into your decision 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ==================== ABOUT YOUR HOST CASEY WEADE: Casey We

================================ Sign up for email list here. LET'S SOCIALIZE! Linkedin: My course "Can I Retire" will help reduce your stress when it comes to retirement planning . Get it here: and don't forget there IS a 30 day money back guarantee if you're not satisfied! Get my books on Audible here: Want to support what I'm doing for $10 a month? Join my SubscribeStar page! My Amazon Product page: Anything you buy there Amazon pays me a commission. Much appreciated! GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! You Can RETIRE on SOCIAL SECURITY: 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 GET ALL MY LATEST BLOGPOSTS: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Bac

00:00 Opening 0:48 Personal balance sheet Assets vs liabilities Working capital Current ratio 5:18 Know your customer Balance sheet Cash flow 7:56 investment objectives 9:38 Non-financial profile Age, marital status, tax status employment, risk 10:58 Accredited investors Reg D 12:05 Cash account & margin account 14:00 Full vs limited POA 17:10 Primer brokerage account & DVP 19:27 Day trading accounts 4 trades in 5 days 25k min 20:30 Individual accounts 20:49 JTWROS vs Tennant in common 22:56 Practice exam question 24:00 Custodial accounts UTMA UGMA 27:33 Test question 27:46 Transfer on death 28:50 test question 30:45 Business accounts Sole prop General partner Limited partner S, C Corps 33:00 Account opening requirements Trusted account person 35:45 Account changes 36:22 Practice question 38:31 Qualified vs Non-qualified Taxes and plans 43:12 All about IRA's 45:07 Transfer vs rollover 46:00 Two types of Corporate plans 48:18 retirement account r

FERS Supplemental Annuity is taxed as Ordinary Income. ================================ Get the PDF version of my Tax Bomb book for free follow this link. My course "Can I Retire" contains 43 videos and over 7 hours of teaching. Get it here: and don't forget there IS a 30 day money back guarantee if you're not satisfied! Get my books on Audible here: Get your own Trusty Calculator: Want to support what I'm doing for $10 a month? Join my SubscribeStar page. My Amazon Product page: Anything you buy there Amazon pays me a commission. Much appreciated! GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! You Can RETIRE on SOCIAL SECURITY: 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: GET ALL MY LATEST BLOGPOSTS: M1Finance affiliate: My TurboTax affiliate: PODCAST: Creating yo

================================ Sign up for email list here. Find this video of value? Buy me a cup of coffee! Get Your Own Pablo Retirement Gear: Follow me censorship-free! My course "Can I Retire" will help reduce your stress when it comes to retirement planning . Get it here: and don't forget there IS a 30 day money back guarantee if you're not satisfied! Get my books on Audible here: Want to support what I'm doing for $10 a month? Join my SubscribeStar page! My Amazon Product page: Anything you buy there Amazon pays me a commission. Much appreciated! GET MY BOOKS: ALL are FREE to Kindle Unlimited Subscribers! You Can RETIRE on SOCIAL SECURITY: 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 GET ALL MY LATEST BLOGPOSTS: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Acc

Taxes on Brokerage Account - Have you ever wondered about a brokerage account taxes and had questions about your taxable brokerage account? If you have a brokerage account and asked what are the tax benefits from a brokerage account, you would benefit from Understanding Your Options. Having Tax Strategies can be a part of retirement planning . Most have a goal of retiring comfortably and if you secure your retirement this video is a must watch. #TaxesonBrokerageAccount #Retirementplanning #Secureyourretirement To get more retirement tips visit www.POMwealth.net/blog and register for the free online Master Class - 3 Keys To Secure Your Retirement Listen to our podcast "Secure Your Retirement" 🔴 Subscribe for more content on YouTube: 😀 Say hi on social: Facebook: Instagram: LinkedIn: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Bes

July 27, 2020 - Presenters: CA Celebrity Divorce Lawyers Christopher C. Melcher and Kristina Hohne New and veteran family lawyers will benefit from this discussion of the legal requirements for seeking or modifying spousal support (alimony). We will cover income available for spousal support, temporary vs. permanent spousal support, security for support, modification and termination. This activity is approved for 1.0 hour of MCLE credit, including 1.0 hour of legal specialization continuing legal education (LSCLE) credit in family law. No credit for legal ethics, elimination of bias, or competence issues. In spousal support, the court can do almost anything. And if a judge knows how to write a decision, it's not going to be attacked on appeal, or changed on appeal. So, we really need to win this for our client, or get the best outcome for our client at the trial level, and understand the depth of the court's discretion. Certainly, it's bounded by some case la

Wondering how to retire early? This video covers the 5 areas to have covered if you want to retire early. Maybe you don't plan on waiting until Full Retirement Age, maybe you have been saving towards that "bucket list and want to get a jump start on it OR maybe you are just tired of the workforce and ready for financial independence. Through these tips, we've helped others, just like you, towards the goal of early retirement. Website: Facebook: LinkedIn: In the video, we cover 5 areas that you want to have covered when finalizing that early retirement date. 1. Your financial health -understanding the contribution phase vs. the retirement withdrawal phase ("Distribution") -Making sure your financial bucket is big enough -Tallying up your future expenses -having a financial emergency fund -stress test your portfolio 2. Social Security -The importance of having a social security strategy in place -Understanding the early retirement social secur

Suze Orman's -Financial Freedom Creating True Wealth Now Pt. 5( Audio)... ( 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 Suze Orman's -Financial Freedom Creating True Wealth Now Pt. 5 (Audio) Suze Orman, a renowned financial guru, has been helping individuals across the globe achieve financial freedom for years. With her series, "Financial Freedom Creating True Wealth Now," Orman delves deeper into the various aspects of personal finance. In part 5 of this eye-opening audio series, Suze Orman provides invaluable insights on building true wealth. One of the major takeaways from this audio is the importance of understanding the difference between wealth and income. Orman stresses that wealth is not just the amount of money one makes but rather what they do with it. True wealth is built by smart financial decisions a

If you are facing the question of whether to apply for Social Security at 62 or wait for maximum benefits at 70, this video will outline my thought process behind my decision to wait for 70. Sure, some break-even calculations say why wait? But if you have a spouse counting on spousal benefits and more, the calculations could change. I am not a financial professional, so take this video as entertaining ideas from one educated consumer to another. Always do your own due diligence and seek professional counsel for your specific situation.... ( 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 Why I'm Waiting for 70! As the world has progressed in terms of advancements and achievements, it is not uncommon for many individuals to wait for significant milestones in their lives. Some eagerly wait for their 18th birthday to become an adu

Are you a beneficiary? You might be making mistakes you didn't even know about. Let's discuss these mistakes and how you can avoid them in the video! For the questionnaire click the link below: Visit McAdams Group LLC's Website today for resources to help you take control of your retirement today! Check out David McAdams and Co. discuss current situations, and financial news, all while providing tips to help you with your retirement. Tune in to McAdams Group LLC YouTube Channel and experience one of the most helpful retirement friendly shows around! McAdams Group LLC (Subscribe Now!) #retirement #estateplan #estateplanning McAdams Group LLC YouTube Channel ***Disclaimer: Investment Advisory Services offered through Sound Income Strategies, LLC, an SEC Registered Investment Advisory Firm. McAdams Group, LLC and Sound Income Strategies, LLC are not associated entities. McAdams Group, LLC is a franchisee of The Retirement Income Store®, LLC. The Retire

Issues with Joint Ownership | Owning A Property Jointly With Someone Other Than A Spouse Joint Ownership is great for Married Couples, but not so good for anyone else. Attorney Chris Berry discusses several problems with naming someone other than your Spouse jointly to your Assets, in this episode of Daily Wisdom. Castle Wealth Group and Christopher Berry have been helping families with estate planning, elder law, retirement planning , tax planning, and asset protection. It has been their goal to help you keep more of what you worked so hard to earn. Visit our websites to learn more #jointownership... ( 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 Joint ownership of property with someone other than a spouse can often lead to several issues and complexities. While sharing ownership of a property may seem like a practical solutio

When should you claim Social Security? It's an important question. One study found that retirees have lost $3.4 trillion because the start taking Social Security too early. In this video we'll look at two strategies. One optimizes Social Security assuming you and your spouse will live long past your life expectancy. The other optimizes the claiming strategy based on life expectancy. Join the newsletter: ———————————— Video Resources ———————————— A Guide on Taking Social Security: How to Help Americans Claim Social Security at the Right Age: Maxifi: New Retirement: Open Social Security: Maxifi Review: New Retirement Review: ———————————— Investing Tools ———————————— My Book (Retire Before Mom and Dad): Personal Capital (Investment Tracking, retirement planning ): New Retirement (Retirement Planner): Stock Rover: M1 Finance $30 Bonus (IRA & Taxable Accounts): ———————————— Credit Cards & Banks ———————————— My Favorite Credit Cards: My Favorite O