Timothy Sumer

According to a recent Morgan Stanley survey, 66% of employees (vs. 62% in 2022) have reduced contributions to retirement savings, citing inflation and/or recession concerns. Why is this counter intuitive? Inflation is one of the biggest reasons NOT to cut back or even stop contributions to your savings! Over time, the cost of living rises and erodes your purchasing power. The ONLY way to beat inflation is to earn more from your savings than inflation itself. The more you save, the closer you can get to beating inflation. Build your savings 1st, and invest the rest. #beatinflation #inflation #personalfinancetips #retirementsavings #retirementincomeplanning #savingstips... ( 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 Here's How to Escape the Inflation Trap Inflation has become a growing concern for econo...

#shortsvideo #shortvideo #shorts #short #investing #stock #stocks #stockmarket #investingforbeginners #investment #investor #investors #401K #retirement #retirementplanning #retirementinvesting #retireearly #passiveincome #passiveinvestor #passiveinvestingseniorliving #rothira... ( 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 Traditional IRA Explained in English When it comes to saving for retirement, there are various options available, and one of the most popular ones is the Traditional Individual retirement account (IRA). Understanding what a Traditional IRA is and how it works is essential for individuals looking to secure their financial future. A Traditional IRA is a tax-advantaged retirement account that allows individuals to save money for their retirement. It offers tax advantages, as contributions made to the account ...

#retirement #wealth #tax Consolidating retirement accounts can be time consuming and you may not know where to start, especially if you have worked for multiple employers over your lifetime and have investments across multiple accounts. Chris Heerlein of REAP Financial is here to discuss how to combine your 401k and IRA accounts and the top reasons why retirees are consolidating. 401ks carry the bulk of most family's retirement investments. As you are getting closer to retirement, you may want better oversight and also the opportunity to diversify some of your assets, whether that's physical investments, CDs, etc.  To learn more about combining retirement accounts and retirement strategies, contact our Austin financial planners at  Lastly, don't forget to email us at retire@reapfinancial.com to receive our latest report, ""Tax Bucket Report"".... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflati...

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How much should you contribute to your 401k? Wealth advisor, Edgar Villegas, gives some helpful contribution tips. #shorts... ( 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 Many employees in the United States have the opportunity to enroll in an employer-sponsored retirement savings plan known as a 401k. This type of investment account allows individuals to save money for their future retirement while potentially receiving tax benefits. One of the most significant advantages of a 401k plan is the ability to contribute pre-tax dollars. This means that the money an employee puts into their account is deducted from their salary before taxes are taken out. As a result, the employee's taxable income is reduced, which can lead to a lower tax bill for the year. It's important for individuals to understand that there are limi...

The R-word has been thrown around a lot, with some experts predicting that Canada could enter a recession in early 2023. Andrew Chang answers the questions you might have, like what a recession actually is and why it can be terrible to live through. He also talks to financial counsellor Jessica Moorhouse for tips on how to stay afloat through a financial storm. »»» Subscribe to CBC News to watch more videos: Connect with CBC News Online: For breaking news, video, audio and in-depth coverage: Find CBC News on Facebook: Follow CBC News on Twitter: For breaking news on Twitter: Follow CBC News on Instagram: Subscribe to CBC News on Snapchat: Download the CBC News app for iOS: Download the CBC News app for Android: »»»»»»»»»»»»»»»»»» For more than 80 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Televis...

If you are the beneficiary but not the spouse of the account owner for a Traditional IRA, you probably have more inheritance options than you might think. Any questions, we're here for you! Join us on social media! Facebook: Instagram: Twitter: Pinterest: #TraditionalIRA #InsideYourIRA #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 Individual Retirement Accounts (IRAs) are a popular retirement savings option used by many people. They offer the advantage of tax-deferred earnings and contributions, and some even provide tax-free withdrawals. One important aspect of an IRA is designating a beneficiary, which ensures that your assets go to the person or people you want to inherit your account after your death. Here are some tips on how to designate your IRA beneficiary. Understand beneficiary options When desi...

Do you want contribute to a Roth IRA, but your income is too high? Join ACap Asset Management, Inc. to learn how to enter the Roth IRA through the backdoor. The Roth IRA is the best thing to come out of Washington in a long time. It's a great investment because your account grows tax-free, is not subject to RMDs, and you can withdraw your contributions at anytime without tax or penalties. In this webinar you can expect to learn: - Backdoor Roth IRA basics. - The steps to perform a Backdoor Roth IRA. - How to avoid unwanted tax liabilities. - What is the pro-rata rule? - How to properly report on your tax return to avoid double taxation. If you have any questions, please contact us at info@acapam.com or call (818) 272-8511. Subscribe to ACap YouTube Channel: Schedule a Consultation: Financial Advisor in Los Angeles, CA CPA in Los Angeles, CA 12031 Ventura Blvd., Suite 1 Studio City, California 91604 (818) 272-8511 hello@acapam.com DISCLAIMER: THIS VIDEO I...

Are you curious about how money makes the world go round? Do you want to gain a better understanding of how the financial world works? Look no further! In this YouTube video, we'll take you on a journey through the exciting world of finance and show you how it all comes together. From stocks and bonds to mutual funds and options trading, we'll cover all the basics you need to know about finance. We'll also dive into the complex world of international finance and explore how it impacts the global economy. But that's not all. We'll also provide you with valuable tips on how to manage your personal finances, including budgeting, saving, and investing. Whether you're a beginner or an experienced investor, this video has something for everyone. So, grab a seat and join us as we explore the fascinating world of finance. Get ready to learn, be inspired, and take your financial knowledge to the next level. Don't forget to subscribe to our channel for mo...

We are pleased to introduce a new series for the year, “What are you working on?” We hope this series can shed light on some of the tasks, thought processes, and work our team does behind the scenes and when not working face-to-face with clients. This week, Andy joins us in his office to talk about two different clients he’s currently focused on: accumulators and distributors. Are you curious about anything our advisors and team do behind the scenes? Let us know! Learn more about Ballast: Ballast, Inc. is a registered investment adviser with the SEC. Registration with the SEC does not indicate that the adviser has achieved a particular level of skill or ability, nor is it an endorsement by the SEC. All investment strategies have the potential for profit and loss. Ballast, Inc. is not engaged in the practice of law or accounting. Always consult an attorney or tax professional regarding your specific legal or tax situation.... ( read more ) LEARN MORE ABOUT...

Have you heard about the 2023 401k contribution increases? CEO and Founder, Julia Carlson, talks about how you can increase your contributions this year. #401k #financialplanning #financialfreedom #retirement #financialliteracy #shorts... ( 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 https://inflationprotection.org/increase-your-401k-contributions-in-2023/?feed_id=66095&_unique_id=63d8f049e69cd #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #fianncialfreedom #financialliteracy #FinancialPlanning #financialtips #Retirement #401k #401k #fianncialfreedom #financialliteracy #FinancialPlanning #financialtips #Retirement

Find out the tax advantages of opening a silver IRA here: Any questions, we're here for you! Join us on social media! Facebook: Instagram: Twitter: Pinterest: ... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation https://inflationprotection.org/rules-for-investing-in-silver-inside-your-ira/?feed_id=58367&_unique_id=63bb3a64e732f #Inflation #Retirement #GoldIRA #Wealth #Investing #financialtips #investinginasilverira #investinginsideira #Investments #retirementplan #silverbackedira #silverbackediraaccount #silveriraaccount #SilverIRA #financialtips #investinginasilverira #investinginsideira #Investments #retirementplan #silverbackedira #silverbackediraaccount #silveriraaccount