Timothy Sumer

They say timing is everything. But when it comes to timing Social Security benefits, how much difference does it make? ► 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. Timestamps 0:00 - Timing Social Security 0:43 - Early application 2:31 - Delayed application 3:50 - Assumptions 5:02 - Assumptions: savings 5:33 - Results: Apply at 62 6:48 - Results: Apply at 70 8:32 - Results: Apply at FRA 9:15 - Other factors to consider 10:18 - Will Social Security survive? *** FREE GUIDE *** To learn more, visit our website: #pranawealth #patrickking #howtoretire #retirement #retirementplanning

This live we discuss the Backdoor Roth IRA concept. We outline: 1. What is a "Backdoor Roth Conversion." 2. Who should be using this strategy. 3. How to fund a Backdoor Roth IRA & the long-term benefits of having Roth money in retirement. Remember, Financial freedom is a process, not a destination! Stream starts: 2:02 📚 Online Courses Now Available! : 🚀 Join My FREE retirement planning Basics Course: 🗓️ Schedule a FREE Initial Consultation! : ✅ Subscribe! : ✅ My Instagram : ✅ My Twitter : ✅ My Substack : Timestamps: 02:02 – Stream starts 03:02 – What is a Roth IRA? 03:55 – Roth IRA vs Traditional IRA 06:54 – The argument for a Roth IRA 08:45 – Different methods for Roth savings 10:54 – The backdoor Roth conversion strategy 13:36 – How often should I be contributing to a Roth? 14:25 – Closing tips for the backdoor Roth IRA #rothira #rothconversion #retirement... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA:

We know that tax-deferred growth accounts such as a Roth IRA is one of the best investment vehicles we can use. But let's say that you have the great problem of making more than $138,000/year (filing Single) – Well, you can't contribute into one anymore! Thankfully, we can use something called a Backdoor Roth. Nic explains how high-income earners can still reap the benefits of tax-free dollars in retirement. Host: Nic Daniels BFA™, Financial Advisor The Real Money Pros ————————————————————— SPONSORS: Academy Mortgage Lively (HSAs and FSAs) Tree City Advisors of Apollon ————————————————————— Chapters: 00:00 - Intro 00:30 - Why contribute to IRAs? 01:28 - How a Backdoor Roth Conversion works 07:12 - Outro... ( 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 Using a BACKDOOR ROTH for Tax-Deferred Growth Many individuals are familiar

One of the key financial decisions facing older Americans is when to claim Social Security retirement benefits. The timing affects how much they will receive for the rest of their lives. Unfortunately, most people do not claim Social Security at their optimal age but instead claim too early. 🔔 Subscribe for all things retirement, investment, tax, & estate planning ✅ I've also broken down some other important information regarding Social Security here: ✅ If you enjoyed this video, checkout our Tax-Smart Planning Playlist: ✅ Or check out our Weekly Market Recaps here: 🆓 If you want to UNWIND your wealth, download our Retirement MEGA Pack which includes a flowchart, checklist, and EBook all about unwinding wealth and evaluating your investments: Let’s connect 🙋‍♂️: ✔️ Twitter ✔️ LinkedIn ✔️ Facebook ✔️ Instagram Check us out on your favorite 🔊Podcast Platform 🔊: Spotify, Apple or Google Podcast, search WEALTH PROGRAMMED and give us a FOLLOW!

Today’s live stream is a bonus podcast episode where I’m taking a deeper dive on this week’s topic: 5 types of bonds to own now. Right now, you can get about .28% on a 6 month CD, .84% on a 10year treasury, below 2% on most corporate bonds and even the 30 year treasury is yielding just shy of 1.6%. To say rates are low is an understatement. And it’s even worse in other parts of the world - in Germany the 10-year government issued bond is yielding negative! You give them your money to hang on to and rather than them paying you interest, you pay them for the privilege of holding it for you. Makes your head spin, doesn’t it? But don’t throw out the baby with the bathwater! Because there are still opportunities that exist for owning bonds today: -- Building Your Bond Ladder -- Consider Foreign Bonds To Diversify & Increase Income -- TIPS: A Bond Investor’s BFF -- Don’t Overlook These Short Term Bond Funds -- How To Get A Higher Interest Rate On Your Savings ____________

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: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Maximizing Your Roth IRA: The Mega Backdoor Roth Method The Roth IRA is a powerful tool for retirement savings, allowing individuals to enjoy tax-free growth and withdrawals in retirement. While there are income limits and contribution limits on traditional Roth IRAs, there is a little-known strategy known as the Mega Backdoor Roth Method that can help high-income earners save even more for their retirement. What is the Mega Backdo

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: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA 529 To A Roth IRA? Congress Lied. In recent years, many families have relied on 529 plans to save for their children's education expenses. These tax-advantaged accounts have been promoted as the ideal way to fund higher education, with contributions growing tax-free and withdrawals being tax-free as well. However, a little-known provision hidden deep within the fine print of the tax code has left many feeling deceived. Congre

Financial Legacy Associates (636) 777-4200 If you’re changing jobs or retiring, it’s important to know the rules regarding moving funds from your employer sponsored retirement plan. The wrong move could cost you in income taxes and early withdrawal penalties. There are two basic ways to move retirement plan assets from one retirement plan into another with no tax consequence. With a direct rollover your financial institution or plan directly transfers the payment to another plan or IRA; no taxes are withheld and your account continues to grow tax-deferred. With an indirect rollover, a check is made payable to you. You have 60 days to deposit it into a Rollover IRA - but indirect rollovers are subject to 20% withholding. For example, if you had $10,000 eligible to rollover, your employer would withhold $2000 and you’d get a check for $8,000. You’ll get the $2000 that was withheld back when you file a tax return, either as a refund or a credit toward any tax owed.

Financial Legacy Associates (636) 777-4200 If you’re changing jobs or retiring, it’s important to know the rules regarding moving funds from your employer sponsored retirement plan. The wrong move could cost you in income taxes and early withdrawal penalties. There are two basic ways to move retirement plan assets from one retirement plan into another with no tax consequence. With a direct rollover your financial institution or plan directly transfers the payment to another plan or IRA; no taxes are withheld and your account continues to grow tax-deferred. With an indirect rollover, a check is made payable to you. You have 60 days to deposit it into a Rollover IRA - but indirect rollovers are subject to 20% withholding. For example, if you had $10,000 eligible to rollover, your employer would withhold $2000 and you’d get a check for $8,000. You’ll get the $2000 that was withheld back when you file a tax return, either as a refund or a credit toward any tax owed.

If you’re divorced, you may be eligible to receive Social Security benefits based on your ex’s work history – but there are rules. ► 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. Timestamps 0:00 - Social Security for divorced spouses 0:25 - How much you can receive 1:30 - Requirements for eligibility 2:26 - A funny rule to think about *** FREE GUIDE *** To learn more, visit our website: #pranawealth #patrickking #howtoretire #retirement #retirementplanning --- About Patrick King CFP® --- Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over

... ( 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 The Setting Every Community Up for Retirement Enhancement Act, more commonly known as the Secure Act, was signed into law on December 20, 2019, and came into effect on January 1, 2020. The Secure Act brought several changes to the rules governing Individual Retirement Accounts (IRAs), including inherited IRAs. Here are the newly inherited IRA changes from the Secure Act and what they mean for IRA owners and beneficiaries. Elimination of the Stretch IRA The biggest change to the inherited IRA rules is the elimination of the stretch IRA. Before the Secure Act, non-spouse beneficiaries of inherited IRAs could take withdrawals from the account over their lifetime, allowing the assets to continue to grow tax-free over decades. This strategy was known as the stretch IRA. Under the new rules, non-s

The new year brings new rules for your retirement accounts. Essentially it's now easier to tap into your funds, but should you? Personal finance expert Dan Roccato has the answer. #FOX7Austin brings you the important stuff like breaking news, weather, and local stories out of Central #Texas. But also plenty of fun stuff, like #GoodDayAustin, the best of our archives, and all those 'only-in-#Austin' stories. Subscribe to FOX 7 Austin: Download the FOX 7 Austin News app: Subscribe to the FOX 7 Austin newsletter: More from FOX 7 Austin: Got a news tip? Call us at 512-472-0988 or email us: ktbcnews@fox.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 As Americans continue to plan for retirement, it can be difficult to keep up with the constantly changing regulations and rules surrounding 401K retirement accou

Can you have a Roth IRA with high income? In this video, Nolan Baker and Chaz Price dive into the topic of Roth IRAs and what you should be doing with your IRA if you make a good amount of money. 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 throughout your retirement. Learn more: AMERICA’S MEDICARE ASSOCIATES America’s Medicare Associates is

retirement planning is the process of preparing for retirement, which is the period of life when a person stops working and relies on savings and investments to support themselves. retirement planning involves several key steps, including setting retirement goals, estimating retirement expenses, determining retirement income sources, and creating a savings plan to fund retirement. One of the first steps in retirement planning is setting retirement goals. This involves thinking about what you want to do in retirement, such as travel, pursue hobbies, or spend time with family. Setting retirement goals helps you determine how much money you will need to save for retirement. Estimating retirement expenses is another important step in retirement planning . This involves identifying your expected living expenses in retirement, such as housing, food, transportation, and healthcare. It is important to consider both fixed expenses, which are consistent from month to month, and va

Stupid MAGI for ROTH IRA Contributions 🔔 Subscribe for all things retirement, investment, tax, & estate planning Are you over age 50 and need retirement help? 🤝 Schedule a free consultation ✅ If you enjoyed this video, check out our retirement planning Playlist: ✅ I've also broken down some important information regarding Social Security here: 🆓 If you want to UNWIND your wealth, download our Retirement MEGA Pack, which includes a flowchart, checklist, and EBook all about unwinding wealth and evaluating your investments: Let’s connect 🙋‍♂️: ✔️ Twitter ✔️ LinkedIn ✔️ Facebook ✔️ Instagram Check us out on your favorite 🔊Podcast Platform 🔊: Spotify, Apple, or Google Podcast; search WEALTH PROGRAMMED and give us a FOLLOW! Not ready yet? No problem... Sign up for our Monthly Newsletter here 👉 Finance tools I find helpful and use routinely: 🧮 📊 🔎 DISCLAIMER: The information provided in these videos is only to be considered help