Timothy Sumer

Wondering how to retire early? This video covers the 5 areas to have covered if you want to retire early. Maybe you don't plan on waiting until Full Retirement Age, maybe you have been saving towards that "bucket list and want to get a jump start on it OR maybe you are just tired of the workforce and ready for financial independence. Through these tips, we've helped others, just like you, towards the goal of early retirement. Website: Facebook: LinkedIn: In the video, we cover 5 areas that you want to have covered when finalizing that early retirement date. 1. Your financial health -understanding the contribution phase vs. the retirement withdrawal phase ("Distribution") -Making sure your financial bucket is big enough -Tallying up your future expenses -having a financial emergency fund -stress test your portfolio 2. Social Security -The importance of having a social security strategy in place -Understanding the early retirement social secur

How often have you heard you should take advantage of your 401k max contribution rate? We hear it all the time! Unfortunately 401k plans have been oversold as the suitable replacement for the disappearing pension. The max contribution you can make intro your 401k is almost always far larger than any employer match. So the questions becomes: "what is the optimal way to save for retirement?" Should you max out your 401k? That depends!!! Do you want to retire early? If so, where will your early retirement withdrawals come from? It is possible to make a separation from service distribution at or after age 55, but the request needs to be done correctly to avoid any 10% penalty. Are you a high earner? If so, does making a max contribution to a tax deferred vehicle really make sense? Do you have faith that our government spending will get under control? Tax deferred vehicles have their place, but too much tax deferred money can set you up for a major tax headache