Timothy Sumer

Welcome back to Continues To Tick! It's hard to accept I likely won't retire earl with Dividend Investing, or at least as early as I first imagined. However, with this said, I'm currently on a path to retire by age 50 with this strategy. In this video I go into detail on my complete plan to retire by the age of 50 with Dividend Investing. In addition to Dividend Investing, I show you my entire retirement strategy which also includes a state pension, a 457(b) account. And what am I going to do about health insurance in an earlier retirement?... I go over this as well. Given the journey is still a ways away as I'm currently 26 years of age, I also go over potential catalysts to speed up this process for an earlier retirement that age 50, along with potential disruptors which which in opposition would lead to a later retirement past age 50. This is a rather technical video, I usually don't make these, so I hope you enjoy it, as much as I enjoyed putting it to

You might be wondering, "What is the best retirement savings account?" One of the best options (if not the best option--I like it) when you're working for a public employer is a 457b deferred compensation account. These accounts provide many benefits for future retirees, and this video will discuss 4 benefits of saving in a 457b account. A 457b allows for automatic savings. David Bach recommends this in his book The Automatic Millionaire. All you'll need to do is head to your HR director and sign up. Saving a percentage allows for your savings rate to stay the same if you get a raise. However, the amount of money you'll save will increase as your income does. There are tax benefits associated with a 457. Saving in a 457b cuts your tax bill in the current year. When looking at 457s and tax-deferrals, a 457 allows for tax-free growth. You'll only owe taxes when you withdraw the money. A 457b can help you save for early retirement. You can access