Timothy Sumer

Amid high inflation and recent concerns about the health of the country's banking system, many Americans are cashing out their retirement funds, but experts say people need to be careful on this issue. Reporter Garrett Tenney has more. #retirement #401k #economy #finance Subscribe to FOX 10 Phoenix! Watch FOX 10 Phoenix live: FOX 10 Phoenix delivers breaking news, live events, politics, entertainment, business news and local stories from Phoenix, Arizona and across the nation. Watch more FOX 10 Phoenix on YouTube: Arizona Headlines: National headlines: World Headlines: Download FOX 10 Phoenix News and Weather App: Follow FOX 10 Phoenix on Facebook: Follow FOX 10 Phoenix on Twitter: Follow FOX 10 Phoenix on Instagram: Subscribe to FOX 10 Phoenix's newsletters: ... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver I

What are Cashing out 401k strategies - What is Cashing out a 401k? 1-800-566-1002 What are the best types of Cashing out 401k tips and learn how you can avoid the most common mistakes that individuals have made when looking to cash out their 401k for retirement. How to cash out your 401(k). It is possible to withdraw money from 401(k). However, there are some restrictions. Your withdrawal should include your contributions as well as earnings from those contributions. However, you must prorate your withdrawal based on how much each contributes to your portfolio. You could be missing growth if you withdraw from your 401k during a market dip. How to Cash Out Your 401(k) through a Rollover You will still have to pay income taxes, however, the penalty withdrawal is not applicable. You cannot pay the money back to your bank account or put it in there after you have overcome hardship. Some companies will prohibit you from contributing for up to six months after you have taken

#insurancefmo #insuranceagent #medicaretraining Happy early Groundhogs Day! You need to be well versed in Social Security if you want to be a Medicare expert. In today's episode, Sylvia Gordon is talking all things 401k and Social Security retirement. What are the different ways that your clients can be affected by drawing SS early? Hint: there's a lot. Tune in to find out. Reach out to us at Gordon Marketing or contact your marketer for Gordon Marketing's Medicare and Social Security Cheat Sheet. Follow our NEW podcast! Spotify - Google Podcasts - YouTube : KEEP UP TO DATE!!! Follow us on social media. Facebook: LinkedIn: Instagram: Twitter: Produced by Family Goat Multimedia Studio Gordon Marketing 20236 Hague Rd Noblesville, IN 46062 www.GordonMarketing.com (800) 388-8342... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN S