Timothy Sumer

In this video, Colin Exelby, CFP® will discuss the pros and cons of an In-Service 401(k) Rollover while shedding light on a valuable strategy for individuals who may not have changed jobs but are seeking greater control over their retirement savings.. Consolidating 401(k) accounts with an In-Service Rollover into a single IRA can simplify your financial life, making it easier to manage and track your retirement savings. It can be a powerful tool for increasing control over your retirement savings, but it's important to understand the advantages and disadvantages before deciding if it's right for you. ★☆★ 401k Loans Explained (You Should Take them More Often Than You May Think) ★☆★ ★☆★ Free 401(k) Rollover Checklist ★☆★ #1: ★☆★ Rocket Money (originally called as TrueBill) ★☆★ #2: ★☆★Personal Capital ★☆★ OTHER RESOURCES ★☆★ Financial Freedom 2023: How to Create a Tax-Free Retirement Income ★☆★ ★☆★ How to Create a 💯 % Tax-Free Retirement ...

In this video, Colin Exelby, CFP® explains the key retirement plan deadlines you need to know before the year ends! Whether you're a business owner, have a SIMPLE or SEP IRA, or found yourself over-contributing to a Roth IRA in 2022, we've got you covered. Make sure your financial strategy is on track as we approach the new year! Top Personal Finance Tools: #1: ★☆★ Rocket Money (originally called TrueBill) ★☆★ #2: ★☆★Personal Capital ★☆★ OTHER RESOURCES ★☆★ Financial Freedom 2023: How to Create a Tax-Free Retirement Income ★☆★ ★☆★ How to Create a 💯 % Tax-Free Retirement Income PLAYLIST ★☆★ ★☆★ Book Your Free Consultation! ★☆★ ★☆★Gusto Bookkeeping★☆★ [About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management. I provide financial planning for business owners and their families that makes sense. Transformational change is made when you focus on...

I bonds Explained in under 8 minutes by Colin Exelby, CFP®. This video is a quick introduction to I bonds. How they work, what their limitations are, the 3 steps to invest, and why they may be a perfect fit for your investment portfolio. 00:00 Introduction 01:15 Inflation Linked Bonds 02:18 What Is An I bond? 02:37 How is I Bond Interest Calculated 03:14 How Are I-Bonds Taxed? 03:45 Can I Bonds Act Like a Savings Account? 05:03 How Much Can You Invest in I Bonds. 06:08 How Do You Actually Invest Your Money In I Bonds? 06:55 Summary ★☆★ Treasury Direct ★☆★ ★☆★ I Bonds Explained by a CERTIFIED FINANCIAL PLANNER Professional. Interest Rates Headed Higher ★☆★ ★☆★ Part 1 How to Create a 💯 % Tax-Free Retirement Income: How to Keep Your Social Security Tax-Free ★☆★ [About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management. I provide financial planning...

In this video, Colin Exelby, CFP® explains the changes that are taking effect immediately and changes that will be phased in through Secure Act 2.0. It is divided into three sections to make it easier for you: • In the first section are changes that apply right now to people who are currently contributing. • In the second section are changes that apply right now for people planning for or taking retirement distributions. • In the third section are changes that will apply in the next few years. Secure Act 2.0 was pushed through on December 31st, 2022 and these retirement plan changes will affect everyone differently. It will affect you if you are contributing for retirement and It will affect you if you are withdrawing funds in retirement to live on. The hope is that these retirement changes will make it easier for people to save for retirement and give more options for withdrawing funds efficiently. TIMESTAMPS 3:37 - Changes Effective Immediately for Contributors 7:37 - R...

#personalfinance #rothira #custodialrothira #financialeducation #financialfreedom Let's not keep this a secret anymore. If they have earned income, I believe every child should have a Roth IRA. Let's improve the financial future of our children. Looking to give your child a leg up on their financial future? Help them open and fund a custodial Roth IRA. Watch the entire video to learn more. 👉 ⬇️ DISCLAIMER : Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of inv...

#RothIRAContribution #ExcessContribution #Taxes #RothIRA #PersonalFinance #IRS #financetips #FinancialEducation #retirementplanning Did you accidentally overcontribute to a Roth IRA? Did you realize your income was too high? Let's get it fixed. You can potentially use the Offset Strategy to fixed the issue. Watch the entire video to learn more. 👉 ⬇️ DISCLAIMER : Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in financial instruments and implementin...

Should You Borrow against your 401(k)? In this video, CERTIFIED FINANCIAL PLANNER™ Professional Colin Exelby discusses this controversial topic. Some people think 401k loans are great planning tools and others say they are horrible. Which is it? Have you ever been told never, ever borrow against your 401k? Were you taught this by your parents? Did some financial advisor tell you that? Did you ask why? In my opinion, taking a 401k loan or TSP loan can be a good call in certain situations. Mostly when money is needed quickly and the repayment period is short. Like an emergency! Stick with me, and I’ll give you the ins and outs of 401k loans, when it makes the most sense, and why you shouldn’t follow old, outdated advice! TIME STAMPS : 00:00 Should you borrow against your 401(k)? 02:51 Ways to take money out of your company retirement plan 03:58 How does the loan work? 05:23 What happens to your investments when you borrow from them? 06:26 How do you pay it back?...

In this video, CERTIFIED FINANCIAL PLANNER, Professional, Colin Exelby discusses how to maximize your tax-free Roth Retirement Strategy. Why are the Roth 401(k) and Roth IRA so important to successful retirement planning ? As America’s IRA expert Ed Slott says, “It’s about moving assets from forever taxed to never taxed.” How much wealth and income you create AFTER taxes depends heavily on the strategies you employ before you need the money. Today's low tax rates are set to expire in 5 years. There isn't much time to take advantage of them. Check out Part 4 of my video series, How to Create a 100% Tax-Free Income in Retirement as I discuss why the Roth 401(k) is so important to a successful retirement. Timestamps : 00:00 Introduction 01:46 Let’s talk Roth! 01:55 Why does everyone love a Roth IRA? 04:09 Current Tax Brackets 05:09 When it is time to withdraw funds are there the same requirements as traditional IRAs and 401ks? 06:20 Why the Roth 401(k) is ...

#shorts #retirement #rothira One of my 10 Year End Financial Planning Tips. December 31 is the deadline for current year Roth Conversions. You can't wait for next year for them to apply to this year's tax return. Consider a conversion if your situation warrants it. Your future self may be very happy. Save this and tag a business friend in the comments👇 P.S. Supercharge Your Financial Life with my free ebook, Accelerating your Path Toward Prosperity. ⬇️ DISCLAIMER : Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors sho...