Timothy Sumer

What Is an IRA? An individual retirement account (IRA) is a savings account with tax advantages that individuals can open to save and invest in the long term. Like a 401(k) account that an employee obtains as a benefit from their employer, an IRA is designed to encourage people to save for retirement. Anyone who has earned income can open an IRA and enjoy the tax benefits that these accounts offer. Unlike a 401(k), however, individuals can open an IRA without involving their employer—that’s why they are known as individual retirement accounts.... ( 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 Write an article about What is an IRA ? (Individual retirement account )/ Course to Billionaire in English https://inflationprotection.org/rewrite-this-title-what-is-an-ira-individual-retirement-account-course-to-billionaire/?feed_id=103363&_...

What is a Roth IRA vs a Traditional IRA? What are the differences between the two and which one is the best fit for your finances? Let's break down the two different types of IRAs (Individual retirement account ) to better understand what's going on. - IRA contribution limits - IRA withdrawal restrictions - Important ages to know for an IRA - Roth IRA vs Traditional IRA, which should you invest in? #rothira #traditionalira #retirement 🔥Join this channel to get awesome perks🔥 🔥Or support us on Patreon🔥 ☑️Love our content? Subscribe!☑️ ☑️Our website: Follow us: Facebook: Instagram: Twitter: DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are re...

Time Codes: 0:00 - Intro 0:45 - what is a traditional IRA 2:16 - who should contribute to a traditional IRA 3:30 - income limits for those with employer sponsored retirement accounts 4:55 - withdrawal penalties 6:05 - avoid two RMDs in the same year 6:50 - multiple traditional IRA RMDs 7:45 - Traditional IRA income deductions for insurance 9:00 - setting up a spousal IRA Welcome Everyone! In today’s video we are going to discuss the traditional IRA. I will do a brief breakdown of this type of IRA and why it is extremely important to take advantage of for htethe majority of people. Beyond that, I will go over a few more details that aren’t usually discussed when it comes to these popular tax advantaged accounts. My Email for Business Inquiries: MMunizBOG@gmail.com My personal Instagram - my life outside of Youtube Amex Blue Cash Preferred Video You and I can both get rewarded for the links below: --- 💳 *GET $200 Cash Back with the CHASE FREEDOM FLEX or CHASE...

What is the difference between a Traditional and Roth IRA!? In this video, I will be breaking this topic down into (hopefully) a way that is easy to understand. Be sure to watch this video all the way to the end to see the major tax differences between the two and which "flavor" of IRA best fits your financial situation when it comes to taxes! Simply put, each of these IRAs have pros and cons, it really just depends on where you see your finances going in the future when you are closer to retirement as well as what you foresee happening financially in your near and distant financial future. I hope this sheds some light on these two items! Let's get out there and become financially free! Follow my Facebook page: Get freelance work done on Fiverr: Join me at the Patreon! We are growing a community of “go-getters” who are wanting to surround themselves with other people who love to talk budgeting, financial planning, and how to reach their financial goals. I...