Timothy Sumer

In order to retire comfortably you need to understand these financial goals to master before you turn 50. retirement planning is tough but this list will help. Social Security, HSA, Retirement Withdrawal, Cash Flowing Assets and more. The most important things to know for financial independence and to set you up for life! Social Security, HSA, Retirement Withdrawal, Cash Flowing Assets and more. #retirementplanning #etfinvesting #financialgoals 3 Fund Portfolio BY AGE: Join the Patreon Group for EXCLUSIVE content: Live stock purchases, live Q&A exclusive ZOOM for members only, and a very strong investing community to network with so we can all reach FINANCIAL FREEDOM FASTER! Other Videos You'll Enjoy! 💰Own THIS MANY Stocks and ETFs: Perfect Portfolio: 💰3 ETFS THAT MAKE YOU RIDICULOUSLY RICH: 💰 Best Order to Invest Your Money in 2023: 💰If I Started Investing Today (From $0), THIS IS WHAT I'D DO: 💰SCHD - BEST DIVIDEND ETF: 💰 SAVE MORE MONEY (bet

The Secure Act 2.0 signed a lot of changes into law that impact retirement savings and withdrawal rules. However, because so many people in their 50s and 60s wish they had more money in the ROTH accounts, I’ll focus on what the changes mean to ROTH IRAs and a few ways you might be able to get more into those accounts. Dave Zoller, CFP® 🎯REACH OUT FOR A FREE PLANNING CALL WTH ME🎯 ❤️[THE DIY "DO IT YOURSELF" RETIREMENT PLANNNER]❤️ Achieve Your Successful & Secure Retirement WITHOUT A Financial Advisor 👨‍👩‍👧‍👦The Family Planner👨‍👩‍👧‍👦 Make Life Easier For Your Family 🌄 Find Your Purpose In Retirement 🌄 🍀Get The 5-Minute Retirement For Free🍀 🏝My Favorite Retirement Calculator 🏝 ➡️ [MAKE RETIREMENT MORE EXCITING] ----------------------- ⬇️ ⬇️ ⬇️ POPULAR RETIREMENT VIDEOS 7 Things Happy Retirees Do Well. retirement planning Tips From Recent Retirees Why Delaying Retirement Might NOT Be a Good Idea Is The S&P All I Ne

📈 Can I retire at 61 with $550,000 after being laid off? Key Steps for a Secure Retirement! 📉 As a financial advisor, I often encounter individuals facing unexpected career transitions, like being laid off, leading to questions about their retirement plans. Today, I want to address a common scenario and provide actionable steps for those considering retirement at 61 with $550,000 in savings. Assess Your Financial Situation: Begin by thoroughly evaluating your current financial & retirement standing. Take stock of your savings, investments, debts, and any potential sources of income during retirement. Understanding your financial landscape is crucial before making any retirement decisions. Set Clear Retirement Goals: Define your retirement lifestyle and financial goals. Consider factors like your desired standard of living, travel plans, healthcare needs, and other retirement expenses. This clarity will help you determine if your retirement savings align with your ret

They say timing is everything. But when it comes to timing Social Security benefits, how much difference does it make? ► 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. Timestamps 0:00 - Timing Social Security 0:43 - Early application 2:31 - Delayed application 3:50 - Assumptions 5:02 - Assumptions: savings 5:33 - Results: Apply at 62 6:48 - Results: Apply at 70 8:32 - Results: Apply at FRA 9:15 - Other factors to consider 10:18 - Will Social Security survive? *** FREE GUIDE *** To learn more, visit our website: #pranawealth #patrickking #howtoretire #retirement #retirementplanning

🌟 Can I Retire at 60 with $500,000 & Claim Social Security Benefits Early? In this video we will explore the question: "Can I retire at 60 with retirement savings of $500,000 and still claim Social Security benefits early?" It's a complex and personal decision, so let's dive into some key considerations. First and foremost, it's crucial to acknowledge that retirement planning is unique to each individual. Factors such as retirement lifestyle choices, healthcare needs in retirement, and desired standard of living play significant roles in determining one's retirement readiness. However, I'd like to offer some insights based on general retirement principles. 1️⃣ Assess your financial situation: Start by evaluating your current financial & retirement status. Take into account your savings, investments, and any potential income sources. $500,000 is a substantial sum, but it's essential to determine if it can sustain you throughout y

Conventional planning suggests you should not take your Social Security at 62...however, if you know the ins & outs and check the numbers, it may be beneficial. In this video I discuss 5 reasons you may want to take your Social Security at age 62. Watch my FREE Masterclass on Retirement Preparedness Watch now 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ WANT MY BOOK FOR FREE? Click below to download the Social Security chapter of my book for FREE 📖 👉 ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🔴 SUBSCRIBE for more FREE tips ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 🤝 BECOME OUR CLIENT: It only takes 2 steps ➡️ 1. Watch our free (60min) Masterclass. 2. Once you watch the video you will be prompted to apply to become our client ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Topics Discussed: ● The importance of your spouse collecting ● Disability benefits ● Survivor benefits ● Utilizing different strategies ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ Check out my most popular videos: Costly 401k: Rollover Mistakes ⏩ Social Security Increase 2023:

See two of my favorite strategies for delaying your Social Security retirement benefit. There are other solutions as well, but we get into the pros and cons (and a brief example) of working longer and spending from your savings. The longer you wait to claim your Social Security benefit, the more you get. Your benefits increase by roughly 8% per year until age 70, but most people can claim as early as age 62. There’s a big difference between how much you get at age 62 and age 70. Unfortunately, it’s not as easy as saying “I’ll just wait.” If you stop working before you take benefits, you’ll need a way to pay expenses before those Social Security payments come in. You can use your 401(k), IRA, or other retirement savings accounts to pay costs. Taxable accounts and other financial resources can also come in handy. But it takes some careful planning to pull this off—you’re going to take significant withdrawals from your savings, so it’s crucial to run some numbers (of course

IRA and 401 K: What is it? How does it work? What is a qualified plan? Should I roll over my IRA? What is a 401(k) rollover? How do I rollover a 401k? Is this safe? Should I wait? Visit us online to request free ebooks. www.gfs-advisors.com... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Qualified Plans: 401(k) - IRA - Retirement Plans Planning for retirement is an essential component of financial security. With the uncertainty surrounding government-funded pensions, it has become increasingly important for individuals to take control of their retirement savings by investing in qualified plans. Three popular options for retirement savings are 401(k) plans, Individual Retirement Accounts (IRAs), and other retirement plans. In this article, we will discuss the differences and benefits of these plans to help yo

retirement planning | INCREASE RETIREMENT SAVINGS|REDUCE TAX! Are you an entrepreneur striving for early retirement while minimizing your tax liability? This video is designed to help you achieve your retirement planning goals! We'll explore different retirement savings strategies and tax-advantaged retirement accounts, such as Solo 401(k), SEP IRA, SIMPLE IRA, Traditional IRA, and Roth IRA, which are essential for your financial planning journey. Discover how to maximize your retirement savings contributions, harness the power of tax-deferred growth, and determine if a Roth option aligns with your retirement planning objectives. We'll also share valuable tips on how to optimize your retirement savings by deducting business expenses and collaborating with tax professionals. By focusing on your retirement savings and implementing effective financial planning strategies, you can work towards early retirement and secure a comfortable future. Don't forget to subsc

#finance #retirement #tax When it comes to Roth Conversions, many investors like you may have misconceptions. Chris Heerlein of REAP Financial out of Austin, Texas is here to discuss those misconceptions and have you on top of the latest Roth IRA Conversion strategies. He covers information around the 5 year rule, required minimum distributions, how to have control of when you take your money out, how to get into the Roth IRA game, and much more.  Visit us at to set up a consultation with our retirement planning  specialists to discuss your current state and what options you have to live the fulfilling retirement life you've always dreamed of.... ( 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 6 Misconceptions around ROTH IRA Conversions ROTH IRA conversions have gained popularity in recent years as a way to maximize retirement savings

If you’re divorced, you may be eligible to receive Social Security benefits based on your ex’s work history – but there are rules. ► 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. Timestamps 0:00 - Social Security for divorced spouses 0:25 - How much you can receive 1:30 - Requirements for eligibility 2:26 - A funny rule to think about *** FREE GUIDE *** To learn more, visit our website: #pranawealth #patrickking #howtoretire #retirement #retirementplanning --- About Patrick King CFP® --- Patrick King is a fee-only financial advisor in Atlanta and the Founder of Prana Wealth. Over

Even though last year is done, there are still some potential ways that you can actually save on last year's taxes. These are just some last-minute tax deductions that we might be able to take to keep a little bit more of what we make. Dave Zoller, CFP® HSA VIDEO : ❤️[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🎯 🌄 Find Your Purpose In Retirement 🌄 🍀Get The 5-Minute Retirement For Free🍀 ----------------------- ⬇️ ⬇️ ⬇️ POPULAR RETIREMENT VIDEOS 7 Things Happy Retirees Do Well. retirement planning Tips From Recent Retirees Why Delaying Retirement Might NOT Be a Good Idea Is The S&P All I Need to Retire? 3 Must-Have Assets When retirement planning . ----------------------- #retirement #howmuchtoretire #retirementplanning MUSIC: Stary Sky- Simon Grob Subway Dreams- Dan Henig Disclaimer: Since we