Timothy Sumer

In this video, I'm going to talk about why saving money is actually making you poor and what to do instead. I'll explain how when you save your money, you're actually losing money due to inflation and opportunity cost. Saving money is a good thing, but if you're not careful, saving money can actually lead to poverty. In this video, I'm going to show you how saving money can actually put you in a poor financial situation. I hope that this video will help you to rethink how you're spending your money and help you to live a more financially secure lifestyle! 📈 Webull ► ⚡💰Buy & Sell Stocks, Pay $0 in Commissions! ✔️Get up to 12 FREE Fractional Shares Valued Up to $30,600 🔐 Ledger Wallets ► Protect Your Crypto & Get Off Exchanges!! ⚡💰 Nano S Plus, Nano X, and Stax: From $79!! ✔️ Completely Own & Control Your Crypto! 💵 iTrustCapital ► ⚡💰Open a Free Roth or Traditional IRA Here & Receive $100 ✔️ Buy and Sell Crypto

YieldMax TSLY ETF Passive Income for my Dividend Portfolio and Dividend Stock Buys (September 2023) In this YouTube video, I reveal to you my YieldMax TSLA Option Income Strategy ETF (TSLY ETF) passive income for the month of September. The year of 2023 has been a great year for dividend income / passive income and I reveal to you how many shares bought Enjoy the video and subscribe! Investing Introduction 0.00 TSLY ETF Review 0:58 Yield Max ETFs and TSLY Dividend 1:27 TSLY ETF Information and High Yield Passive Income 2:56 How much Passive Income Made 6:30 Dividend Stock Buys and REITs (Fractional Shares ) 6:51 TSLY ETF and NVDY ETF shares 9:17 YouTube Disclaimer 11:40 #passiveincome #dividendinvesting #stockstobuy Dividend Stocks, REITs, ETFs mentioned in this video: Spirit Realty Capital ( SRC stock ) Bank OZK ( OZK stock ) The Kroger Company ( KR stock ) Premier Financial Corp ( PFC stock ) VICI Properties ( VICI stock ) Starbucks Corp

🔥 Get ready for the ultimate face-off! In this video, we break down the epic battle between 401k and IRA retirement accounts. Discover which one packs the most punch for your financial future and learn expert cash flow strategies you can use for your retirement savings. 💰 📚 Dive deep into the world of retirement planning with our experts! Don't forget to hit that subscribe button and join our newsletter for exclusive insights and updates. Plus, get ready to tune in to Season 3 of The Nicholas Brown Podcast special series, where we unpack all things retirement planning , including cash flow models and expert suggestions you can implement in your 401k savings and retirement planning ! 🎙️💼 🔥 Subscribe now: 📢 Join our newsletter: 🎙️ Listen to The Nicholas Brown Podcast: ----------------------------------------------------------------- Would you like to "book a strategy session"? Set up a consultation here via Acuity Scheduling: Stay ahead in the ret

In this episode of Getting Real, discover why your financial advisor or current retirement plan services provider may not inform you of investing in alternative assets. 0:00 Intro 1:07 Why your financial advisor is not providing you with information about investing in alternative assets 2:38 Public and private market advisors 3:04 How to access WealthBridge 4:02 Education gap 5:28 Can I convert an existing traditional 401(k) to a Roth IRA? Discover more on WealthBridge here: ... ( 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 We all need financial guidance at some point in our lives. Whether it's planning for retirement, managing debt, or saving for a major purchase, seeking the help of a financial advisor seems like a logical step. However, there are some things your financial advisor won't tell you that you should

... ( 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 Ira, Gauri, Poojan: Traditional Ganpati Celebrations Ganesh Chaturthi, also known as Vinayaka Chaturthi, is an important Hindu festival celebrated throughout India with great enthusiasm and devotion. It marks the birth anniversary of Lord Ganesha, the elephant-headed God of wisdom and prosperity. While the festival is celebrated in various ways across the country, one particular tradition that is observed in some regions is the Ira, Gauri, Poojan. Ira, Gauri, Poojan is a unique way of celebrating Ganesh Chaturthi, especially in Maharashtra and some parts of Karnataka. It is an age-old custom where the festival is not just dedicated to Lord Ganesha alone but also to his mother, Goddess Gauri, and his sister, Ira. The preparations for this traditional celebration commence a few da

An employer/boss is a person who has authority and control over a business or group of people in the company. Employees are people who use skill and ability to earn an income from the employer by helping them grow the business. To be a boss you must first learn to be a good employee. The question that millions of people ponder daily is do they want to be their own boss or remain an employee. This Financial Freedom Friday Video will let you know if you really should be a boss or embrace being an employee to reach your financial goals. 🔴 SUBSCRIBE for more FREE tips: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🤝BECOME ONE OF OUR HIGH VALUED CLIENTS: It only takes 2 steps 1. Complete an application. ➡️ 2. Once application is complete, take our Color of Money Risk Analysis to help us assess your overall risk tolerance. ➡️ Wish to Schedule an Appointment with the Retirement Education Center ➡️ Want to learn more? Watch our 1 hour Retirement Income MasterClass ➡️ Want to learn how

For the longest time, Roth IRAs have been the only tax-advantaged retirement account that do not require lifetime required minimum distributions (RMD). Traditional IRAs, SEP IRAs, SIMPLE IRAs, and all 401k, 403b, TSP accounts have lifetime RMDs. Due to the SECURE Act 2.0, there will no longer RMDs for Roth 401k, Roth 403b, or Roth TSP accounts. And if you like this video, be sure to subscribe so you are notified every time I have a new video come out: Subscribe to the Retirement Answers Podcast: Submit your question here: jacob@retirementanswers.net #retirement #howmuchtoretire #retirementplanning #rothira #rothconversion #investing #traditionalira #401k... ( 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 No More Roth 401k RMDs - SECURE Act 2.0 Retirement has always been a concern for individuals, and it's crucial to st

What is the difference between a regular IRA and a self-directed IRA? What are the benefits of a self-directed IRA? Amanda Holbrook, from Specialized Trust Company shares her knowledge. Read this entire episode here: What are the main differences between a regular IRA, for example, Fidelity or Vanguard, and a self-directed IRA? When you're at some of those big box companies, they will give you that old pat on the back stuff and say," Oh, Steph, you can go and pick your stocks, bonds, and mutual funds yourself". That is not true self-direction. To do true self-direction is to invest in what you know, and it's the same types of vehicles that you've become accustomed to Roth IRAs, traditional IRAs, 401 K's, and health savings accounts, the same ones you see over there, except when you shift over here. Instead of picking your little toys out of that sandbox called stocks, bonds, and mutual funds, we give you the whole playground. You can participate

People currently in their 20s are likely facing a 60-year career because of longevity and rising living costs. In the second episode of our series, we explore the importance of beginning the retirement-saving process early, and how accounts like a 401(k) and an IRA can help people maximize their saving efforts. Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: #Retirement #401k #WSJ... ( 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 people continue to live longer and healthier lives, the concept of retirement is taking on a whole new meaning. While it used to be that retirement meant stopping work completely and r

In this video, I'm sharing how you can maximize your retirement savings with a Roth 401K. Roth 401Ks offer a great way to save for your retirement while also giving you the benefits of compound interest. Don't let your 401K money sit in a traditional IRA or 401k account - switch it to a Roth 401K and get the best of both worlds! With this retirement savings plan, you'll get the benefits of tax-free growth while also having the option to withdraw money tax-free when you need it. Let this video be your guide to maximizing your retirement savings! On Furry Hippo Finance we teach financial education, financial independence, how to budget, invest in yourself, sort of a financial literacy 101. Affiliate Links: Amazon Creator Setup: M1 Finance Link: #financialfreedom #financialliteracy #FurryHippoFinance *None of this is meant to be construed as investment advice, it's for entertainment purposes only. The links above include affiliate commission or ref

Are you a stay-at-home mom or are you thinking about leaving the workforce? Are you worried it will impact your financial benefits and retirement future? Many women haven’t heard of a Spousal IRA and its benefits for those outside the traditional workforce. On today's episode, Gigi Verrey, the VP of wealth management at GCG Financial, joins us to discuss the one financial investment that all stay-at-home moms need to have. If you are married and filing jointly, you can take advantage of this investment tool. It’s not a joint account, it’s similar to a regular IRA or Roth IRA. By virtue of you being a spouse, your partner can contribute money into the Spousal IRA for your future, as long as your combined income is greater than the amount you can put away. The money in this account is your money, even if you end up getting a divorce. We’ll discuss the value of this great retirement tool, how the investments work, and more with Gigi. Having a retirement account in you

On July 14, 2023, the IRS issued Notice 2023-54 announcing that traditional IRA owners who will attain age 72 in 2023 (that is, individuals born in 1951) will have to take their first required minimum distribution (RMD) by April 1, 2025, rather than April 1, 2024. This delay in the required beginning date means that these IRA owners (who, prior to enactment in late December 2022 of the SECURE 2.0 Act, would have been required to take minimum distributions from their IRAs for 2023) will have no RMD due from their IRAs for 2023. Thus, the first distribution for these IRA owners that will be treated as an RMD will be a distribution made for 2024, not 2023. The significance of this for an individual having their 72nd birthday in 2023 is that IRA distributions in 2023 mischaracterized as 2023 RMDs will be eligible to be rolled back into their IRA account. Thus, the portion of the distribution that is redeposited will avoid tax in 2023. Tax law doesn’t allow RMDs to be rolled

As we uncover the layers of the 'Poverty Mindset' through the real-life stories of people like Brittney and Brian, we're going to explore how the way we think about money and success can truly shape our lives. This isn't just about dollars and cents; it's about our beliefs, our fears, and our hopes. We'll tackle the tough topics, challenge common beliefs about wealth, and offer insights on how a shift in mindset can open doors to new opportunities. So, if you've ever felt stuck or wondered why some people seem to get ahead while others don't, this is a must-watch. Join us on this journey and discover how the right mindset might be the key to a brighter financial future. 📈 Webull ► ⚡💰Buy & Sell Stocks, Pay $0 in Commissions! ✔️Get up to 12 FREE Fractional Shares Valued Up to $30,600 🔐 Ledger Wallets ► Protect Your Crypto & Get Off Exchanges!! ⚡💰 Nano S Plus, Nano X, and Stax: From $79!! ✔️ Completely Own & Control

Welcome to the ninety sixth episode of the #Expatchat podcast where we discuss the latest tax and financial issues affecting an #Australianexpat. In today’s Expat Chat we have a guest on from Cross Border Financial Planning USA. Edward Cole talks about a general overview of what Australian expats need to know and understand about US Retirement accounts. Every year many Australian head over to the US on an E3, L1 or Green card visa. Understanding your retirement options is paramount for long term planning, especially with no one paying in your superannuation any more. We deep dive into what your options are, the different types of tax treatment, and contribution caps as well as what it all means when you begin withdrawing from these accounts later in life. Discussion Points on Todays Podcast Episode In this episode we run through the following topics: Basics and Eligibility: • Can you explain the basic differences between traditional IRAs, Roth IRAs, and 401(k)s? • As