Timothy Sumer

💡 AVOID COSTLY ROTH IRA MISTAKES! 💰 🚫 Don't make these common errors with your Roth IRA that could cost you thousands: 1. Missed Contributions: Maximize your contributions every year. 2. Failing to Invest: Put your Roth IRA contributions to work. 3. Early Withdrawals: Don't touch your contributions; let them grow. 4. Taxable Accounts vs. Roth IRA: Understand the tax advantages. 5. Backdoor Roth IRA: Explore this strategy if you exceed income limits. 6. Multiple Roth IRAs: You can contribute to multiple accounts but stay within the annual limit. 🔒 Secure your financial future by avoiding these pitfalls! Your Roth IRA is a powerful tool for retirement. Like, comment with questions, and subscribe for more financial wisdom! 💪🌟 **I'm not a financial advisor; I create these videos for entertainment. The information provided here is solely for informational purposes and should not be considered as personalized investment advice, legal or tax advice, or an offer

Here is a breakdown of my entire investment portfolio, why I made each investment, and how I was able to build this up over 12 years - enjoy! Add me on Instagram: GPStephan The YouTube Creator Academy: Learn EXACTLY how to grow an audience, rank videos on the front page of searches, build your brand, and turn that into another income source: $100 OFF WITH CODE 100OFF Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): My ENTIRE Camera and Recording Equipment: My second channel: For those who don’t watch the entire video: First: A single family rental property bought in 2012 This was purchased through several years of savings as a real estate agent, and purchased as a short sale near the bottom of the market Second: Another single family rental property bought in 2012 This was also bought with savings while working as a real estate agent. It needed minor renovations. Third: A triplex in the same area bought in 2012 This needed some work, bu

#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

Episode #452 If you’re new to personal finance, investment accounts can seem complicated. The terms, the lingo—HSA, Roth, IRA, 401(k)—these may seem like letters in an arbitrary order, but using these retirement and investment accounts can help you reach financial freedom faster, pay WAY less in taxes, and maximize your money even while you’re asleep. So, how do you get started? Tune in; we’ll show you how! Joining us is early-retired CFP (Certified Financial Planner) Kyle Mast to walk through each retirement, investment, and savings account you MUST have on your road to FIRE. In today’s episode, we’ll touch on the common accounts you’ve heard of, like the 401(k) and IRA, as well as some lesser-known investing and savings accounts that can help your money grow faster than you thought possible. And whether you’re just starting your retirement journey in your 40s, 50s, or 60s, or you’re a twinkly-eyed twenty-something-year-old ready for compound interest to run its course,

Lets discuss and review Acorns Investment App, go over all of its features, and whether or not it’s actually a good value - Enjoy! Add me on Instagram: GPStephan Sign up for Acorns and get $5: The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: $100 OFF WITH CODE 100OFF Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): My ENTIRE Camera and Recording Equipment: What is Acorns? The basic premise is that they’re an app that helps automate your investing. And their most notable feature, in my opinion, would be their “round up” feature - this lets you invest the spare change from what you spend, and you can just “round up” every single purchase to the nearest dollar to invest the difference. They also give you the option to setup recurring investments on a daily, weekly, or monthly basis… again, th

The Link to the Full Video: The financial world is still reeling from the collapse of Silicon Valley Bank. While U.S. regulators have stepped in to contain the crisis, shockwaves are still echoing through the economy, with many nursing concerns about the health of the financial system. Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones: Your Next Five Moves: Master the Art of Business Strategy: Would You Benefit from an Extra $500 Each Month? MintBuilder: Trusted Forex Signals, Forex signals with unbeatable performance: TRB BLACK CHECK - Golden Patriots Future: The Links are affiliate Links. #Recessions #BankFailures #FinancialCrises #EconomicCollapse #MarketCrash #CreditCrunch #FinancialStability #DebtCrisis #MonetaryPolicy #economicrecovery #FinancialRegulation #BankingCrisis #MarketVolatility #GlobalEconomy #EconomicIndicators #CreditRisk #AssetBubbles #FinancialPlanning #InvestmentStrategy #BusinessCycle DISCLAIMER: The

In this video, we'll be discussing the top 10 recession proof stocks in the Dow Jones & NASDAQ 2023. These are the best stocks to ride out a recession in our opinion, based on their business model, low to no debt, high piles of cash, and sound management that is responsible towards shareholders. We believe that these stocks will continue to grow in value during times of recession, as they are stocks that are growth oriented and have a solid balance sheet. By following these stocks, you'll be able to ride out the rough market conditions and still enjoy healthy stock returns! Top 10 Recession Proof Stocks in Dow Jones & NASDAQ 2023 || Top 10 Recession Proof Stocks... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing In times of economic instability, investors are always on the lookout for recession-proof stocks that can weathe

What is the best investing account? A retirement account like an IRA or a simple taxable brokerage account? We are recommended retirement accounts SO often and for SO many people that they seem like the obvious choice for everyone. But the restrictions, rules, and limitations that come along with them actually make them a bad choice for some people. Speaking of bad choices...how bad is a taxable brokerage account really? It must be bad for taxes since its literally named a "taxable" brokerage. Lets do a little more digging and discover just how bad it is when we compare it to the competition! ⏱Handy Timeline: 0:00 Preview 0:10 Everyone recommends retirement accounts 0:33 Why we use retirement accounts 2:01 Personal confession 3:18 4 Reasons to avoid the simplest account 5:37 Using the money we invest 6:15 Using Roth IRA money 6:39 Using Traditional IRA money 7:06 Using 401k money 8:17 The problem with retirement accounts 9:00 The truth about taxable brokerag

Do you have a margin account or a cash account? Tim Bohen is covering the pros and cons of each kind to help you decide which is best for you. 🔴 Subscribe for more free Stock Trading tips: YouTube.com/StocksToTrade Share this video with a fellow Trader: ✅ Links we mention and recommend: Try StocksToTrade for 14 Days for $7: Get our FREE weekly watchlist here: Check out the SteadyTrade podcast: ✅ Recommended video: ✅ Recommended playlists: Stock Trading 101: A Day Trader's Guide: Advanced Stock Trading Tips: StocksToTrade Software Tips and Tricks: Weekly Trading Recap Videos: ✅ Follow StocksToTrade on social media: Instagram: Facebook: Twitter: Cash accounts allow you to trade with the amount of money you put into your brokerage account. For example, if you put $1000 in a cash account, your buying power is $1000. A major benefit of using a cash account is that it frees traders from the pattern day trader (PDT) rule. If you have a cas

————————————————————————————————— 💵 HOW TO MAKE MONEY ON AMAZON: 💵 👉 👈 ————————————————————————————————— LOOK THROUGH MY BOOKS! MY FAVORITE BOOKS: SUPPORT MY WORK: PAYPAL: ————————————————————————————————— Sources Used in This Video: ————————————————————————————————— #money #inflation #investing... ( 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 Title: The Potential Implications of $50 Trillion Debt by 2030: A Looming Economic Crisis? Introduction The world's economies are facing an unprecedented level of debt accumulation, with forecasts suggesting that global debt may reach a staggering $50 trillion by 2030. This mounting debt poses severe challenges for governments, economies, and societies globally. With concerns surrounding the already prevalent issues of debt ceiling, inflation, and

For anyone who wanted a video about how to invest as a teenager, or what to do when you turn 18 years old - here is that video, enjoy! Add me on Instagram: GPStephan Second Channel: The YouTube Creator Academy: Learn EXACTLY how to get your first 1000 subscribers on YouTube, rank videos on the front page of searches, grow your following, and turn that into another income source: $100 OFF WITH CODE 100OFF Get 2 Free Stocks on WeBull when you deposit $100 (Valued up to $1000): My ENTIRE Camera and Recording Equipment: FIRST: GET A CREDIT CARD Doing this is VERY easy - as a first credit card, I highly recommend The Discover It Secured Card. All you need to do is put down a small deposit, and they will give you a credit card with a limit equal to that amount. To build your credit, all you need to do is put a minimal amount on the credit card each month, then pay it off in full to avoid paying any interest. It’s as simple as that, the entire process should take you

Jack Bogle transformed the investment management industry. Over a career lasting nearly half a century, Bogle was a crusader for individual investors, working to bring the interests of asset managers in line with those of their investment clients. In 1975, Bogle founded the Vanguard Group, structuring the business as a mutual company, meaning that Vanguard is owned by the funds it manages and, as a result, the funds' investors. A year later, Bogle and Vanguard introduced the first ever index mutual fund available to the general public, aiming to track the performance of the broader market while charging the lowest fees possible. At first, many in the investment industry snickered at Vanguard's new index funds, but over time Bogle's idea took hold. While maintaining some of the lowest fees in the business, Vanguard has grown its assets under management from $1.8 billion at its founding to $5.3 trillion as of September 30, 2018, making Vanguard the second largest

From the time we leave college and move into our professional careers we’ve heard that you should put your hard earned money into traditional retirement plans. Have we ever stopped to wonder if this is truly the best investment? Is it the way to true financial freedom? In this video, we question the traditional advice of putting our hard-earned money into retirement plans and explore whether it truly leads to financial freedom. We challenge the herd mentality by shedding light on the limitations of traditional retirement plans and encourage you to consider alternative paths to secure your financial future. Join us on this journey as we break away from conventional thinking and seek true financial independence. To learn more about Walk of Wealth Capital, LLC a rapidly growing private placement firm that has invested in 1500+ multifamily units ($200 Million Dollars) located in excellent growth markets across the country. Check out our Financial Freedom channel here: Don’