Timothy Sumer

Retirement Income Strategy for 61 Year Old With $1,200,000 || Social Security & Roth IRA Conversion Buy Our Book: In this video I want to go through a Retirement Income Strategy for a 61 year old with $1,200,000 in retirement savings and retirement investments. In this retirement strategy, the couple is asking "Can I Retire", but also asking, "when should we collect our social security benefits," and "what about taxes?" Social Security benefits claiming strategies ( are essential to anyone's retirement planning and need to be carefully planned out. TAXES are also a HUGE component to a retirement planning strategy and need even more attention than Social Security ( Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement pl

Today we simplify the finance term "403b." #shorts ► Claim Your FREE Stock(s): ► Claim Your FREE Bitcoin: ► My favorite FREE Stock Market Research Platform: ► Earn FREE Cash Back When Shopping: ► My favorite FREE Technical Analysis Platform: ► Grow On YouTube With TubeBuddy: ► Discount On Adobe Creative Cloud Products: Connect With Me! Instagram: TikTok: About Me: I am a former Wall Street analyst/consultant sharing what I learn as I build generational wealth. I hold an accounting degree, CMT charter, and NYS CPA license (pending). I believe transparency/integrity is key in business, so I'll be openly sharing how I build this YouTube business and manage my money right here on the channel. Disclaimer: I am not a financial advisor and this is not financial advice. All related content is for general informational purposes only and does not constitute individual advice of any kind. The accuracy of any information presented cannot be guaranteed. From tim

Many of you are retiring with a pension and today I give you three things to consider. I also give you a little bonus by discussing a bill that could be repealed and help you out in retirement! 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: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retiring with a pension can be an exciting and fulfilling time, but there are a few important things to consider before taking the plunge into retirement. Here are three things to keep in mind when you are prep

Average Retirement Savings by AGE, GENDER, & INCOME || Increase Your Retirement Savings In this Livestream, we are going to look at the average retirement savings by age, gender, and income. This retirement savings data comes from the newly released retirement survey from Vanguard for 2022. We are also going to discuss ways you can save more for retirement and steps you can take today to increase your retirement savings. Full Retirement & 401k Article Here: This video is showcasing average 401k balances and median 401k balances in retirement accounts with Vanguard retirement services. All of this information comes from Vanguard 401k retirement survey that was conducted in 2021. This is both the average and the median of these 401k retirement accounts. Keep in mind the average 401k retirement account size will be skewed because of the large 401k retirement accounts at the top and the small 401k retirement investing accounts at the bottom. The

Retire at 55 🙌 || How Much You Need To Retire Early at 55! In this video I want to look at a scenario for someone who wants to retire at 55 and asking the question, how much in retirement savings and retirement investments do I need to retire early? **Free Retirement Download: The Roadmap to Retirement:** 📊 We are going to look at different retirement rules and retirement scenarios that will help you determine your retirement readiness, especially if you are doing retirement planning at 50. Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement planning at 50", or even " retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. He

Use Your 401k For Retirement Income at 55 #shorts #retirement #financialfreedom Retire at 55 with the Rule of 55 || Retirement Planning for Early Retirement In this video, I want to discuss the rule of 55 that helps individuals with a 401k retire at 55. This retirement planning rule gives individuals and families who are doing retirement planning at 50, the ability to determine if retiring at 55 is a good financial planning and retirement planning decision. What is the Rule of 55? The Rule of 55 allows someone with a 401k to use that 401k for retirement income between the ages of 55 and 59 without paying a 10% penalty. In order to use the rule of 55, you must be turning 55 in the year you leave your job and you must use your current 401k for retirement income. If you are younger than 55 or you use an old 401k or IRA for retirement income before 59.5, you will pay a 10% penalty. Retirement income strategies and retirement income planning are two big pieces to anyones r

Social Security Spousal, Survivor, & Divorced Benefits Made Easy What are the rules for spousal benefits of Social Security? Social Security Spousal, Survivor, & Divorced Benefits Made Easy Social Security spousal benefits, divorced spousal benefits, and survivors benefits are some of the most overlooked and misunderstood Social Security claiming strategies for families who are on Social Security. If you are currently on Social Security or you are going to be on Social Security soon, it is important you understand your Social Security strategy options. How you qualify for Social Security Spousal Benefits (Married): 1. You are at least 62--unless you are caring for a child under 16 or permanently disabled. 2. You have been married to your spouse for at least 12 months 3. Your spouse is already receiving social security retirement benefits How you qualify for Social Security Spousal Benefits (Divorced): 1. You are not remarried 2. Your ex-spouse i

Spousal IRA is a strategy you can use when you have a single income household but file taxes jointly. It allows you to put money in an ira for the non-working spouse without the earned income requirement. The irs will allow you deduct the contribution, giving you a tax advantage. #moneytalks #retirement #ira #financialfreedom #financialliteracy #retirement #wealth... ( 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 A Spousal IRA is an individual retirement account (IRA) that allows married couples to save for retirement. It is an important tool for couples who want to maximize their retirement savings and take advantage of tax benefits. A Spousal IRA is an individual retirement account that is owned by one spouse, but the contributions are made by the other spouse. The contributions are made with after-tax dollars and the accoun

You have questions, Tom has answers! Send us topics and questions at or email us at asktom@talkmoneywithtom.com Visit Our Website: To book an introductory meeting with Tom: Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California. DISCLAIMER: The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Tom Vaughan and Retirement Capital Strategies are not responsible for investment actions taken by viewers. For more details, please read our full disclaimer at #investmentincome #retirementplanning #retirementsavings #retirementgoals #investmentstrategy #talkmoneywithtom #investing #

Are Roth IRA Distributions Taxed? How To Avoid Penalties and Taxes on Roth IRA Distributions Can your Roth IRA become taxable? Are distributions from your Roth IRA taxed? If you don't follow two very specific rules, you could incur taxes and penalties on your Roth IRA distribution. That is what we are going to discuss in this weeks, Your Financial EKG™ blog. Roth IRA's are supposed to be completely tax free. "SUPPOSED TO BE" is the key statement in that sentence. Roth IRA's can become taxable and penalized if you don't follow two specific rules. Those rules are the "5 Year Rule" and the "Under 59.5" Rule. Let's dive into both: Roth IRA 5 Year Rule: The 5 Year rule says that you must wait 5 years before taking earnings out of your Roth IRA after your first contribution or conversion. You must also be over the age 59.5 to avoid penalties. SO, in plain english: to take investment earnings out of your Roth IRA without owing t

IRA & 401k Average Retirement Savings || Fidelity, Vanguard, & Schwab In this Livestream, we are going to look at the average retirement savings for 401k & IRA's from Fidelity, Vanguard, & Schwab. This retirement savings data comes from the newly released retirement survey from Vanguard & Fidelity for 2022. We are also going to discuss ways you can save more for retirement and steps you can take today to increase your retirement savings. Full Retirement & 401k Article Here: This video is showcasing average 401k balances and median 401k balances in retirement accounts with Vanguard retirement services & Fidelity Investments. All of this information comes from Vanguard 401k retirement survey & Fidelity Q3 IRA & 401k account balances. This is both the average and the median of these 401k retirement accounts. Keep in mind the average 401k retirement account size will be skewed because of the large 401k retir

$1,000,000 in your 401k? Watch this! #shorts #retirement #financialfreedom Full Link: Do You Have $1,000,000 in Your 401k or Retirement Investments? Watch this! In this video I want to talk about 3 considerations that you must make BEFORE you retire with $1,000,000 in your 401k. 401k millionaires have grown to unheard of levels over the last 24 months, so the question Can I Retire has been asked by younger and younger individuals. Financial planning for early retirement is an area of my practice that has really seen tremendous interest especially since the pandemic, but how do you know if you have enough money to retire. That along with 2 other important retirement considerations are what I want to go over with you in this important retirement video! When planning out retirement income streams, its important to consider when social security benefits are going to start, how long retirement savings and retirement investments are going to last, and how inflation on ou

Question: (Cass, Mississippi) Hey, Joe and Big Al, this is Cass from Mississippi. I drive a Chevy Equinox 2013. People say what they drink, too. Coke is it. That's it. And I have two toy Fox Terriers named Boss and Smash. And they are tiny and tough. So, you know, if anybody breaks into my house, hey, be ready. So my question is about the TSP. There's two reasons that I think I should transfer out of the TSP once I retire in 10 years. So that gives you guys plenty of time to answer this question. One is when you withdraw funds, you don't have the choice of withdrawing from just the bond fund. And that was kind of my plan to help, you know, stay rebalanced over the years. But you have to withdraw in equal increments from all the funds. And I'm wondering, is there some kind of workaround for this that I don't know about? Or is it not terrible? Because I don't understand how that's good. But this is the great TSP, so, you know, I don't want to giv