Timothy Sumer

This week, Samantha Meiners, Justin Steinbecker, and Aaron Bahr explain how you can use a Traditional IRA for last-minute tax-saving deductions this tax season. A new Tax Tip every Tuesday with Hawkins Ash CPAs. Your tax questions answered in under 60 seconds. Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. #taxtiptuesday #tax #taxseason #shorts... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Tax Tip Tuesday #SHORTS: Last Minute Tax Saving Deductions - Traditional IRA As tax season approaches its end, many individuals are looking for last-minute opportunities to reduce their tax liability. One effective strategy to consider is contributing to a Tradi...

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&_...

Do you know which IRA account is right for you? Roth or Traditional? In this video, I will be discussing the differences between a Roth and Traditional IRA. These 2 different types of IRAs come with their own features and their own limitations. To pick which type of IRA to open can be complicated but don’t worry because I will show you everything you need to know about the 2 most common types of IRAs so you can know which account is right for you and your retirement. This video will teach you about contributions, taxes, and withdrawals in a Roth and Traditional IRA. DISCLAIMER: I am not a licensed financial advisor. The topics and ideas presented in this video is for educational and entertainment purposes only. This information should not be construed as financial advice. You should always do your own research.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALE...

Josh takes a break from Sustainable Investing to discuss the benefits and flexibility of the Roth IRA, possibly the most powerful retirement planning tool for the highest number of people. He describes the primary differences between the Traditional and Roth IRAs. Of course, details apply and each person's situation is unique. TRANSCRIPT: Hey, it's Josh Weller here. It's Roth IRA Awareness Month at Cary Stamp & Company, so I'm diverting my focus away from Sustainable Investing just for a little while, to focus on a Roth IRA and why I think it is the most powerful and compelling tool in your retirement planning tool box. First, let's take a look at a traditional IRA. The big advantage of a traditional IRA is the money that you're contributing is tax deferred. You're using pretax dollars and let's say you contribute $6,000, which is the maximum for anybody under 50, that $6,000 is deducted from your income for the year. So you save the ...

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...

WHEN TO USE A TRADITIONAL IRA When should you use a traditional IRA? A Traditional IRA is more appropriate for people who will be in a zero or very low tax bracket when they retire. They get the benefit of the tax deduction upon contribution and no taxes upon withdrawal. If you do not foresee the need to draw on your IRA in retirement then you will also want to fund a Roth IRA. SUBSCRIBE - II FINANCIAL PLANT II... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to retirement planning , a traditional individual retirement account (IRA) is one of the most popular options. A traditional IRA is an account that allows you to save for retirement on a tax-deferred basis. This means that you don’t have to pay taxes on the money you contribute to the account until you withdraw it in retirement. A traditional IRA can be a goo...

According to Fidelity Investments, in the first quarter of 2021, the number of IRA with a balance of $1 million or more jumped up to 307,600 people. However, half of the millennial generation missed out on investing into their retirement due to student debt, personal loans, and high-interest credit cards. Roth IRA is the easiest way to grow your wealth tax-free. In this video, you will learn what an IRA is and how you can contribute to your Traditional or Roth IRA every year. Make your money work for you tax free in a Roth IRA with compound interest growth by contributing $17 a day. 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 📷 Additional FIRE Videos 📷 Fat FIRE...

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...

Have you ever wondered "What's the difference between a Traditional and Roth IRA?" If this thought has crossed your mind and want to know more, this is the right video for you! In this video we take a look at what exactly the Traditional and Roth IRA's are. To start we’ll cover the basics and go over an IRA explanation. Next, we look at the major similarities and differences between the two accounts. Lastly, we explore the pros and cons of both and look at which would be a better fit for you. Tax 101 video: www.youtube.com/watch?v=P026NYopbHc Link to IRS chart showing the Traditional IRA early withdrawal penalty exceptions: Disclaimer: Hustle Libraries is not engaged in the provision of legal, financial, or tax advice. This video is solely for informational purposes, it is not intended as a substitute for the advice of professional advisors. Please consult with a lawyer, CPA, or other professionals regarding any legal, financial, or tax decision you c...