Timothy Sumer

What are the best investments for your Roth IRA? ETFs? Mutual Funds? Let's go over some index funds. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 Investment Criteria 7:14 Fidelity Zero Total Market Index Fund (FZROX) 14:39 Schwab US

A Spousal Roth IRA is for stay-at-home spouses and parents who file their taxes jointly with their spouses with active income. 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - HSA vs FSA - Is Cash King or Trash? - Tax-Free Dividend Income - Pay 0% Capital Gains Taxes - For sponsorships and business inquiries, please contact media@firepsychat.com. #FIREPsyChat #SpousalRothIRA 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinio

Want to Retire Early & enjoy Financial Freedom? Dreaming of a relaxed & enjoyable life in your Golden Years? If Yes!! You need to start planning for it Now !! For example, you are 25-year-old & want to retire at 40 And, would like to have monthly income of Rs 50,000 for next 40 years So, in this case..if we assume inflation @6% and return on investment @12% You need to save about Rs 45,500 for 15 years To achieve this, you would require a proper Plan Do you want to know how much you need to Save & where to Invest it? Feel free to call us at 9460825477 #earlyretirement #retireearly #fire #retirement #pension #retire #retirementplanning #retirementplanner #passiveincome #finance #financialeducation #financetips #financialliteracy #investment #personalfinance #investmentstrategies #financecoach #financegoals #financialplanning #financialfreedom #financialindependence Financial Friend Contact at 9460825477 contact@financialfriend.in

What will happen to your TSP when you're retired or separated from federal service? Let's dive deep into the TSP withdrawal options. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 TSP Retirement Withdrawal b

How To Retire at 55 with IRA || Retire Early & Avoid Penalties In this video, I want to talk about retiring early with a 72T. This video will help you understand what retirement looks like under the age of 59 1/2 and how you can retire and use your retirement investments for income without paying a penalty. **Free Retirement Download: The Roadmap to Retirement:** 📊 If you have most of your retirement assets in an IRA, simple IRA, or SEP IRA this retirement strategy will help you retire at 55 or retire at 50 or retire at any age under 59 1/2. What is a 72T? A 72T is an IRS rule that allows someone who wants to retire early to take substantially equal periodic payments from their IRAs and avoid the 10% early distribution penalty. There are three methods for determining substantially equal periodic payments for retirement income with a 72T: amortization, annuitization, and required minimum distribution. Once you begin taking retirement income from your IRA using a

Hey guys! This is my first upload here on my channel, so please leave a like, comment, and subscribe if this video helped you out in any way, or even just a comment leaving some constructive criticism if you have any! Thanks for the support everyone!... ( 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 When it comes to planning for your retirement, one of the most important decisions you’ll make is how you’ll save and invest your money. Two popular retirement savings options are Roth IRAs and traditional IRAs. While both are designed to help build retirement savings, there are key differences between the two that can impact which one is right for you. Traditional IRA A traditional IRA is a tax-advantaged retirement account that allows you to contribute pre-tax dollars. That means your contributions are tax-deductible in the year the money

I'M 55 OLD, HOW TO PREPARE FOR RETIREMENT? | $300,000 IN 401K If you're 55 years old or older and are planning to retire soon, then you need to watch this video! I'll share with you tips for saving money, preparing for retirement and making the most of your money while you're still working. I hope you find this video useful and that it helps you achieve your retirement goals! 00:00 Introduction 00:35 Hypothetical Case 02:52 Retirement Goals 03:34 Current Scenario 05:33 First Scenario 06:17 Play zone 07:36 Improving Score 08:48 Know Your Retirement Score 09:01 Figure Out How Long You Should Be Working 09:15 Try Not To Overfund Your Taxed Deferred Accounts **************************************************************************************** 🟢 💸 DOWNLOADABLE RESOURCES: 💸 🟢 ************************************************************************************ ★ Subscribe to our channel for time sensitive Tips! ★ **********************************

📝 Personal Finance: The tracker I use: 📈Trading 212 (investment platform I use): Get a free share worth up to £100 by using promo code NISCHA: In this video I cover different concepts of retirement and how anyone can start living the retired life today.. OTHER VIDEOS YOU MAY ENJOY: My 6 Habits to 6 Figures: My Plan to Become a Millionaire by 32: MY FILMING EQUIPMENT: 📷 Camera: 🔍 Lens: 🎙️Microphone: 🔭Tripod: KEEP IN TOUCH: 🌍 My website - 📸 Instagram - 00:00 - Intro 00:28 - Traditional Retirement 00:59 - 25x Rule 02:55 - Mini Retirements 04:13 - Eternal Retirement 05:19 - My plan 07:00 - Getting on the right path DISCLAIMERS & DISCLOSURES This content is for education and entertainment purposes only. Nischa does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all inve

Use Your 401k For Retirement Income at 55 #shorts #retirement #financialfreedom Retire at 55 with the Rule of 55 || Retirement Planning for Early Retirement In this video, I want to discuss the rule of 55 that helps individuals with a 401k retire at 55. This retirement planning rule gives individuals and families who are doing retirement planning at 50, the ability to determine if retiring at 55 is a good financial planning and retirement planning decision. What is the Rule of 55? The Rule of 55 allows someone with a 401k to use that 401k for retirement income between the ages of 55 and 59 without paying a 10% penalty. In order to use the rule of 55, you must be turning 55 in the year you leave your job and you must use your current 401k for retirement income. If you are younger than 55 or you use an old 401k or IRA for retirement income before 59.5, you will pay a 10% penalty. Retirement income strategies and retirement income planning are two big pieces to anyones r

#short #shorts $1,000 Challenge Stock Trading in a Small Roth IRA | UPDATE 3.17.23 I trade stocks in my throwaway Roth IRA account (for tax purposes) but I want to show that it's possible to take a small amount of money (my all-in total is currently $228 for this account) and have it blowupchuwate to $1,000+. We tryin' to get that money haha. Peace, Love, and Enjoi You Are Beautiful PS: Please consider subscribing to the channel and liking the video it helps -Afro Senpai CREATIVE COMMONS / FAIR USE MUSIC AND/OR VIDEO (if applicable): Music: SOCIAL: If you are viewing my work for the first time please follow me on the Social Media below and/or you can track my progress on my goal 24/7 on the website: Facebook Investing Group for Beginners: Instagram: Afro.Senpai.YAB PlayStation Network: MosDefOtaku Tik Tok: AfroSenpai Twitch: SSJ_Afro_Senpai | Patreon: YouTube - Afro Senpai Gaming YouTube - Afro Education MY MERCH: My Book ‘Trust Me I’m Not Rich...Yet

5 Benefits To A Roth IRA #shorts #retirement #financialfreedom 5 Benefits to Investing In A Roth IRA 1. Tax Free Retirement Income 2. Tax Free Investments Growth 3. Continued Contributions (This is $6,500 for 2023) 4. Access to Contributions before age 59.5 5. No Required Minimum Distribution **Free Retirement Download: The Roadmap to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement planning at 50", or even " retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to reti

Should you use your Roth IRA as an emergency fund? How do you use your Roth IRA if you become unemployed, have major surgery, or do something else unexpected? How does withdrawing your contributions impact your Roth IRA in the long term? 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ "1,000 Nights: Death's Love Letter to Afghanistan" "The Millionaire Next Door" 📷 Additional FIRE Videos Mentioned In this Video 📷 Backdoor Roth IRA - 5-Year Conversion Ladder - Our $3.7 Mil Fat FIRE Plan - The 10-Step FIRE Checklist - Calculate FIRE Number - Customize Your Emergency Fund - Build a $2.8 mil Investment Portfolio - Pay Yourself First Budget - How to withdraw $2.8 mil Fat FIRE -

Retirement plans are sure to need a few changes due to the SECURE ACT 2.0 updates that passed in December of 2022. New required minimum distributions, lower penalties, more ways to save for retirement, and more mark this over 4000-page law. There are over 100 changes that will need to be implemented over the next several years. In this video, I cover 10 key changes that stand out! 📃 Download Your Secure 2.0 Comprehensive Summary List 🔥 Get The Ultimate Social Security Cheat Sheet Here! www.ss.brindleandbay.com 🔑 Key Topics : 0:00 - Intro 0:52 - RMD Pushed Out 2:51 - Reduced Penalties for Missing RMD 3:31 - Ways Around 10% Penalty 5:25 - No RMD on Roth 401Ks 5:58 - New SEP Roth IRA & Simple Roth IRA 6:49 - 529 to Roth IRA 8:54 - Employer Match Can Be Roth Election 9:39 - High Earner Catch-Up Must Be Roth Election 10:37 - Increased Catch-Up Contributions 11:57 - New Inherited Account Election for Spouses 13:41 - Outro ___________________________ We're a Frisc

Today we're going to discuss the step by step guide I used to reach my early retirement goal in my late 20's. Enjoy! ________________________________________________ TIME STAMPS 00:00 Intro 01:15 Phase 1 - Your Freedom Figure 04:12 Phase 2 - Laying The Foundations 08:28 Phase 3 - Building Multiple Income Streams 10:35 Phase 4 - Creating Passive Income ________________________________________________ LIMITED TIME OFFERS: 📈Free Stock Worth Up To $1,000 From Public (for USA) - 🤯 Get $5 in Bitcoin after your first trade in Coinbase (Terms apply) - ________________________________________________ JOIN MY FREE DISCORD COMMUNITY: 🥳 This is a time sensitive invite to my exclusive group - CHECK OUT MY PODCAST: 🎙 Strike It Big Podcast - The podcast that encapsulates successful entrepreneurs & business owners so that you can learn from their wins and losses. You can find my podcast by searching “Strike It Big” on any good podcast app (eg: Spotify, Apple Podcast