Timothy Sumer

In this video, I discuss the differences between Investing and Saving. It's important to understand the differences in order to make the right financial investment decisions. Investing is basically putting your money to work in order to generate a positive return with the expectation of generating income, profits or gains. One can invest in many ways either directly or indirectly such as using money to start a business, buying real estate or into the stock market. Investing is different from saving because investing means that there is some risk involved because the project could fail, you have market risk also.. so investing involves speculation. The speculation that your investment could grow but also that it could also fail. The core principal of investing is to outpace the rate of inflation. Inflation is the gradual rise in prices and the slow decline in purchasing power of your dollars over time. The goal is to make enough off your investments to exceed the dec

... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing How Do I Protect My Retirement From Inflation? Retirement is a crucial phase of life where we all aspire to enjoy the fruits of our labor and lead a comfortable life. However, one of the biggest concerns that retirees face is the threat of inflation eroding the value of their savings. Inflation, the gradual increase in the cost of living and the decrease in the purchasing power of money over time, can have a significant impact on retirement funds. Thankfully, there are strategies you can implement to protect your retirement from inflation. First and foremost, diversification is key. Rather than solely relying on one type of investment, it is advisable to diversify your portfolio. By spreading your investments across various asset classes like stocks, bonds, real esta

Have you ever wondered what happens to your retirement assets when you pass away? This episode will discuss how to plan effectively for your spouse, children, or other beneficiaries to inherit these monies. We will cover IRA, 401k, and Roth retirement accounts and discuss what beneficiaries who inherit these assets need to know before they just cash out the account. This episode will cover: • Distribution planning: Do you have to liquidate these accounts upon inheriting these monies? If not, how should you plan effectively to withdraw the funds? • Taxes: What are the taxes on these accounts if you inherit them. Does the beneficiary pay or the original owner? • Administratively, how do you get to these assets and withdraw them? (Dealing with these institutions is very difficult sometimes.) • If you want to maximize how much your beneficiaries inherit, what should you be thinking about? • If you want to maximize how you use retirement funds you've inherited, what sho

Jeff Dragon North Shore Retirement Advisors  (617) 855-9738 #financialadvisor #retirementplanning... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA How to Avoid an IRA Rollover Mistake An Individual retirement account (IRA) is a popular investment option for individuals looking to secure their financial future. It offers tax advantages and a variety of investment options, making it an attractive choice for retirement savings. However, when it comes to rolling over your IRA, there are potential pitfalls you should be aware of to avoid any costly mistakes. In this article, we will discuss some essential tips on how to avoid an IRA rollover mistake. 1. Know the difference between a direct and indirect rollover: It's crucial to understand the two types of IRA rollovers. A direct rollover involves transferring funds from one IRA cust

Pros and Cons of waiting to take Social Security. Are you on the fence about waiting to take your social security? Just like for every decision, there are pros and cons to making that decision. In this video, Nolan Baker and Chaz Price discuss what they consider to be the pros and cons of waiting to take social security. Got a comment, post it below. Then, subscribe above and never miss new, on-demand financial and retirement content covering the latest news on investing, retirement, and more! MICHIGAN, OHIO, & TEXAS FINANCIAL ADVISORS & CLIENT SERVICES We are committed to working with retirees to help them get the retirement they deserve. We do this by providing guidance to help you develop an overall retirement income strategy and by offering a variety of insurance and investment products to help achieve the objectives of that strategy. We’re here to help ensure you receive all the assistance you need, not only in developing your retirement income strategy

Pros and Cons of waiting to take Social Security. Are you on the fence about waiting to take your social security? Just like for every decision, there are pros and cons to making that decision. In this video, Nolan Baker and Chaz Price discuss what they consider to be the pros and cons of waiting to take social security. Got a comment, post it below. Then, subscribe above and never miss new, on-demand financial and retirement content covering the latest news on investing, retirement, and more! MICHIGAN, OHIO, & TEXAS FINANCIAL ADVISORS & CLIENT SERVICES We are committed to working with retirees to help them get the retirement they deserve. We do this by providing guidance to help you develop an overall retirement income strategy and by offering a variety of insurance and investment products to help achieve the objectives of that strategy. We’re here to help ensure you receive all the assistance you need, not only in developing your retirement income strategy

If you went all-in on a Roth 401(k) instead of maxing out your traditional 401(k), would you be better off? ► Announcing THE RETIREMENT ADVENTURE CLUB! We've launched an online membership designed to help you plan for retirement and connect with others who are asking the same retirement questions you’re asking right now. The Club will feature access to RightCapital financial planning software, a growing library of financial planning checklists, online courses, and regular access to me and the team during live-streamed office hours calls. -- LINKS -- Want to run these numbers for yourself? Download this spreadsheet: ► On Track for Retirement Spreadsheet Timestamps 0:00 - Traditional vs. Roth 401(k) 1:23 - Beginnings of the Roth 401(k) 1:54 - Our assumptions 2:44 - Living expenses assumptions 3:38 - Current retirement savings 4:07 - Projected savings at retirement 4:56 - Expected income in retirement 6:47 - Tax rates make a difference 7:53 - Monte Carlo analysis re

This week's live will pick up from last week's topic: Roth Conversions. Last week I explained what a Roth conversion is and why they are the ultimate in delayed gratification! Why is this the case? Because whatever you convert will cost you in taxes NOW. You do a conversion because you know the prepayment of retirement taxes will be worth it in the future. This week with when you should think about utilizing this strategy. Because Roth conversions can cost you money in taxes today, you want to be strategic about when you implement this financial tactic. Remember, Financial Freedom is found through Discipline 👏 01:42 – Stream starts 💸 Access Financial Freedom Resources: 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 01:42 – Stream starts 04:02 – What is a Roth IRA (quick summary) 06:42 – What is a Roth conversion 07:39 – Roth co

Former Stealth Fighter Pilot and Certified Financial Planner (Owner - After Burner Financial), Steve Ankerstar - @cruiserf15, gives a generic overview of the Thrift Savings Plan (TSP) and details some things to you might want to consider when setting up/managing your TSP. 🎬 To catch the full episode, check out the ‘Veteran Entrepreneur Podcast’ on YouTube, Apple iTunes, Spotify, and Google Podcasts. 👉 Follow @cruiserf15 @dotmil_gear 👉 Subscribe to our YouTube Channel #veteranentrepreneurpodcast #dotmilgear... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Thrift Savings Plan Basics: Investing for Your Future As you embark upon your journey towards financial security, it is crucial to explore various investment opportunities that can help you build a substantial nest egg for the future. One such opportunity

Inflation is a monetary phenomenon, and it naturally rises from time to time. Unfortunately, a high-inflation period is upon us now, but that shouldn't influence your investment strategies. Investing in stocks over bonds is a great strategy since stocks adjust to inflation much better than bonds do. Listen to the full podcast here: #wiserretirement #investmentportfolio #investmentmanagement #useconomy #inflation #stockmarket #bonds... ( 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 Investing in High-Inflation Times: Strategies and Considerations Inflation, a sustained increase in the general price level of goods and services, can have far-reaching effects on various aspects of an economy. One significant area that experiences the impact of inflation is investments. High-inflation times present unique challenges

Adam welcomes Brandon Caldwell, Senior Mortgage Advisor with Ruoff Mortgage to discuss rising interest rates and the changing mortgage market for residential purchases.  Brandon shares more about certain changes to regulation that make it more expensive for a qualified borrow to get a mortgage and more affordable for a less qualified borrower.  Brandon also talks more about loan level price adjustments and how they work during the mortgage process.  Given the prominence of new construction deals happening in the market Brandon explains those products and how they are trickier than you may anticipate.  Adam and Brandon also discuss some of the lesser utilized yet still viable products in today's market including Bank Statement Loans, No Doc Loans, and DSCRs.  Lastly, Brandon shares his advice to those who think they should wait until mortgage interest rates decline.   Email Brandon: B.Caldwell@ruoff.com  Brandon Caldwell Senior Mortgage Advisor  Ruoff Mortgage, NMLS I

What are the pros and cons of cashing out a 401k? Is cashing out your 401k in your best interest? Chances are it isn't. But if this is something that you are considering take a few minutes and listen to Nolan Baker and Chaz Price discuss some of the pros and cons of cashing out your 401k. Got a comment, post it below. Then, subscribe above and never miss new, on-demand financial and retirement content covering the latest news on investing, retirement, and more! MICHIGAN, OHIO, & TEXAS FINANCIAL ADVISORS & CLIENT SERVICES We are committed to working with retirees to help them get the retirement they deserve. We do this by providing guidance to help you develop an overall retirement income strategy and by offering a variety of insurance and investment products to help achieve the objectives of that strategy. We’re here to help ensure you receive all the assistance you need, not only in developing your retirement income strategy but in maintaining it throughou

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 IRA Investing When Your 401k Savings HURTS You A 401k retirement savings plan is often hailed as one of the best ways to secure a comfortable and financially stable future. It allows individuals to set aside a portion of their income before taxes, letting it grow over time with the intention of enjoying these funds at retirement age. However, there are circumstances in which the very existence of a 401k can turn against you and