Timothy Sumer

If you have money in certain qualified-retirement vehicles, including (but not limited to) 401(k)s, 403(b)s, 457(b)s, Traditional Individual Retirement Accounts / Annuities (IRAs), then -- beginning at age 70 1/2 -- you will need to consider the Internal Revenue Service's (IRS) rules concerning the so-called Required-Minimum Distribution (RMD). I have gone into the basics of the RMD, elswhere. For an overview, see: For a summary of the steps involved in taking your RMD, see: On taking distributions in general, consult: Some people don't mind the RMD, for example, if they are already taking distributions or if they need the RMD to cover expenses. However, some people find themselves in the position of having to take an RMD when they don't actually need the money. If you're in that position, realize that you have several options. Some of them include the following. (1) You can take a distribution and then give it to a person or organizati...

Learn about the risks and benefits of bank or brokered certificates of deposit (CDs) and how these short-term investments can potentially earn investors interest on their money. Subscribe: TD Ameritrade is where smart investors get smarter. We post educational videos that bring investing and finance topics back down to earth weekly. Have a question or topic suggestion? Let us know. Connect with TD Ameritrade: Facebook: Twitter: Open an account with TD Ameritrade: TD Ameritrade, Inc. is a subsidiary of The Charles Schwab Corporation. #tdameritrade #investing #saving... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Investing in Certificates of Deposit: A Secure and Reliable Option When it comes to investing your hard-earned money, the choices can be overwhelming. From stocks and real estate to bonds and mutual funds, there are num...

The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The monthly saving rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession. “Something like $2 [trillion] to $2.5 trillion above what we would have otherwise expected were saved by American households,” said Curt Long, chief economist at the National Association of Federally-Insured Credit Unions. Collectively, Americans have trillions in excess savings compared with expectations leading up to the pandemic, according to Federal Reserve economists. Watch the video above to learn about how the personal savings rate affects you and the wider economy. Chapters: 00:00 — Introduction 01:26 — Budgets 02:40 — The personal saving rate 05:33 — Recession? 07:48 — Ways of sav...

This video discusses the differences between investing and saving, where you should be putting your money, how to save during inflation, how to invest during inflation, how soon should young people be investing, and so much more. 00:00 Current Financial Climate 00:58 Investing vs Saving - What Is The Difference? 02:25 High Yield Savings Account 03:27 Certificate of Deposit 03:56 Bonds 04:29 Index Funds - S&P 500 05:14 Individual Stocks 06:14 My Recommendations 07:35 Should Young People Save For Retirement?... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/investing-vs-saving-why-youre-doing-it-wrong-for-millennials/?feed_id=42148&_unique_id=637cc55f68519 #Inflation #Retirement #GoldIRA #Wealth #Investing #Bonds #certificateof #certificateofdeposit #highyieldsavingsacco...