Timothy Sumer

🔔Subscribe To Our Channel for More Life changing Videos Like This Everyday!👇 😍Can LearnMore Deserve A Coffee Please? 👉 With the average lifespan being 78.4 years, you need to think about retirement planning and how to prepare for the future. In this video I'm going to show you 3 reasons why retirement planning is important and why it's never too late to start. 📈DISCLAIMER: We are not financial advisor. This video, and the ideas presented in it, are for informational purposes only and should not be construed as financial or other professional advice. It is your responsibility to take all necessary steps to independently. verify and ascertain that any information you choose to rely. on from or take action based upon this. video is accurate, as we are not responsible for your use of information obtained from this video🙏 👇MUST WATCH👇 The Psychology of Money and Why You...

What is a Roth IRA? In this video I will explain what a Roth IRA is and some of the investing strategies to use in this tax free individual retirement account . I will also explain how with just $10/day you can become a millionaire. - Roth IRA's are an important part of becoming financially free and rich in the future. The younger you start the better off you will be in the future due to a rule called compound interest. Many teenagers and people in Gen Z have no idea this account exists so hopefully this video spreads awareness. - This account allows you to put in a maximum contribution of $6000 a year and after the age of 59&1/2 you can withdraw the money tax free. What should you buy in your Roth IRA? I would buy all index funds such as the S&P 500 (VOO), and total stock market index funds such as VTSAX. These are vanguard funds but Fidelity, Charles Schwab and ALLY bank offer similar funds. - I hope you got some value out of this video and if you want to lea...

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...

What's the average retirement savings by age 60 and what does it mean for you? Subscribe to this channel here: ----------------------- ❤️[THE "DO IT YOURSELF" RETIREMENT PLAN] Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor 🎁 [GET THE FREE GUIDE] How to Find Your Purpose In Retirement 🏝 [HOW MUCH YOU NEED TO RETIRE?] Take The QUIZ To Find Out How Much You Need To Retire 👍 [LET'S CHAT] ----------------------- POPULAR RETIREMENT VIDEOS The 3-Bucket Retirement Withdrawal Strategy How Much Do I Need To Retire? ----------------------- ----------------------- #retirement #howmuchtoretire #retirementplanning Music: Divine Life Society-Jesse Gallagher Subway Dreams-Dan Henig Source: Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdate...

The IRS is again delaying some of the RMD rules for inherited IRA beneficiaries. There have been a few changes over the last few years so here's a quick recap. Dave Zoller, CFP® 🍀Get The 5-Minute Retirement For Free🍀 ❤️[MY FAVORITE retirement planning SOFTWARE + VIDEO WALKTHROUGH]❤️ My Favorite Retirement Calculator w/ no video walk-through 🎯REACH OUT FOR A FREE retirement planning SESSION🎯 00:00 Intro 00:30 Quick Recap 00:46 Changes in the past few years 01:35 The Negative of no stretch rule 02:00 One nice thing they did 02:27 Recent Change and delay from this year 03:29 How inherited IRAs can impact your income plan ----------------------- POPULAR RETIREMENT VIDEOS 3 Reasons To Retire ASAP 7 Things Happy Retirees Do Well. retirement planning Tips From Recent Retirees High Net Worth Retirement is Different 3 Lies That Could Delay Your Retirement 3 Must-Have Assets When retirement planning...

Increasingly, employees with pensions have a difficult choice: take their pension as a lump sum or monthly pension payments. Here's a pension calculator I mention in the video: ► 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. To learn more, visit our website: *** Free Guide *** #pranawealth #patrickking #howtoretire #retirement #retirementplanning #pensionlumpsum #lumpsum --- About Patrick King CFP® --- Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over his career, Patrick has helped CEOs, all-star athletes, Grammy-winning artists, a...

Can I Retire? 🌴 A Comprehensive Guide to Retirement Income Strategies Are you envisioning a future of relaxation, exploration, and new adventures in retirement? 🏖️🌄 Making the transition from a successful career to a fulfilling retirement requires careful planning and a solid understanding of various retirement income strategies. That's why I'm thrilled to share with you this comprehensive retirement guide to help you confidently answer the question, "Can I retire?" 📚 In this guide, we'll delve into a range of retirement income strategies that can help you maintain your desired retirement lifestyle while enjoying the fruits of your labor. From traditional options like Social Security and pensions to more modern approaches such as investments and passive income streams, we'll cover it all. 💰 Key Topics Covered: Know Your Numbers: Understand your current financial situation, including s...

If you went all-in on a Roth 401(k) instead of maxing out your traditional 401(k), would you be better off? ► 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. -- LINKS -- Want to run these numbers for yourself? Download this spreadsheet: ► On Track for Retirement Spreadsheet Timestamps 0:00 - Traditional vs. Roth 401(k) 1:23 - Beginnings of the Roth 401(k) 1:54 - Our assumptions 2:44 - Living expenses assumptions 3:38 - Current retirement savings 4:07 - Projected savings at retirement 4:56 - Expected income in retirement 6:47 - Tax rates make a difference 7:53 - Monte Carlo analysis re...

If you’re like a lot of our clients, you are trying to achieve a 10 out of 10 confidence level about your ability to retire - anything less than that is less than ideal, right? Well, if that’s true, then you can’t ignore this one important piece of your retirement plan: your retirement income withdrawal strategy. Dave Zoller, CFP® ❤️[MY FAVORITE retirement planning SOFTWARE + VIDEO WALKTHROUGH]❤️ Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor 🎯REACH OUT FOR A FREE PLANNING CALL WTH ME🎯 00:00 Level 10 Confidence 00:25 2 Years out from retirement 01:49 What could he have done differently? 02:30 Order of Importance: Step 1 03:44 Step 2: The Income Plan 04:13 401k Allocation: One thing they could have done differently 05:32 Recap 👨‍👩‍👧‍👦The Family Planner👨‍👩‍👧‍👦 Make Life Easier For Your Family...

Here’s a retirement planning tip you probably haven’t heard before. If you can do it, you’ll be doing something I believe that 99% of people DON'T when planning their retirement. I believe this because you don’t hear this tip very much at all when talking to advisors or when searching the internet for retirement strategies and planning techniques. And it could be one of the things that help you make sure you have a retirement you're excited about. Dave Zoller, CFP® ❤️[THE DIY "DO IT YOURSELF" RETIREMENT PLANNNER]❤️ Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor 🎯REACH OUT FOR A FREE PLANNING CALL WTH ME🎯 🍀Get The 5-Minute Retirement For Free🍀 👨‍👩‍👧‍👦The Family Planner👨‍👩‍👧‍👦 Make Life Easier For Your Family 🌄 Find Your Purpose In Retirement 🌄 &#x...

Had I learned these things earlier, I would have started saving up correctly since my 20s and be all set for early retirement much sooner! :) Every school needs to teach Personal Finance! 0:00 - Intro 0:21 - 401K 1:48 - Pre-tax vs Post-tax (Roth IRA) 2:05 - Credit Cards 3:07 - Stocks 3:39 - FIRE - Financial Independence, Retire Early as a minimalist Live by this quote: Spend extravagantly on things you love, and cut mercilessly on things you don’t 📖 Book mentioned: I Will Teach You to Be Rich by Ramit Sethi 👉 Subscribe to Nagase Channel: 👉 Follow & Listen to my Music on Spotify: 👉 Discover my Musical Journey: 👉 Follow me on Instagram: ... ( 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 Retirement often seems like a distant concept when you're in your 20s. It's a ...

We may recommend NOT retiring yet if we see these 5 things during the planning stage. But the good news about these is that they can be fixed quickly. Dave Zoller, CFP® Retirement Purpose Guide Flourish Rwanda 🎯REACH OUT FOR A FREE retirement planning SESSION🎯 ❤️[MY FAVORITE retirement planning SOFTWARE + VIDEO WALKTHROUGH]❤️ Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor My Favorite Retirement Calculator w/ no video walk-through 🍀Get The 5-Minute Retirement For Free🍀 👨‍👩‍👧‍👦The Family Planner👨‍👩‍👧‍👦 Make Life Easier For Your Family 🌄 Find Your Purpose In Retirement 🌄 00:00 The 5 Things 01:06 Part Financial and Part Non-Financial 01:47 1 - Running From Something? 02:40 Retirement Depression 03:30 Important Questions to Answer 05:09 Example o...