Most people lose a huge amount of their money after retirement to what I call the "power curve" of taxes and inflation. How can you protect your money from those two dangers? In today's episode, I'll debunk "myth-conceptions" about placing your finances in tax-deferred investments and teach you how you can put it instead into vehicles that are tax-free and immune to inflation. Watch on to find out how to avoid outliving your money and become empowered with your finances! To your abundance! Doug Andrew Key Moments In This Episode ======================== 00:30 My experience and what I'll talk about in this episode 01:25 How much people usually save 01:51 Power of indexing strategy 02:54 Pulling out 7.2% 03:17 How people lost money in the 2000s 04:09 Impact of taxes 05:09 Inflation = increasingly higher costs 06:56 The truth about tax-deferred investments 07:39 Taxes: seed vs harvest 08:28 Strategic rollout into tax-free vehicles 09:10 Linkin
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)