Timothy Sumer

Hey Youtube Family, Welcome back to another video! So today we will be discussing what exactly an IRA is? An individual retirement account (IRA) is a tax-advantaged investing tool that individuals use to earmark funds for retirement savings. The original idea for the IRA was initiated in 1974 and was only allowed to be opened strictly through financial institutions. It also was not deductible and limited to an annual contribution limit of 1500 dollars. Despite these limitations, the IRA was very popular garnering over 1.5 billion in investments in its very first year in existence, tripling that number to 5 billion dollars in investments by 1981. Today, that number has hit the 10s of Trillions with approximately 1/3 of American households holding an IRA. I hope this video was super helpful to you. If so definitely SMASH THE LIKE BUTTON, COMMENT, and SUBSCRIBE for weekly content like this. Also, if you have any suggestions or you appreciate some of the edits that I have ma

💡 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

Avoid costly mistakes in your Roth IRA. Hope you enjoy today's video! If you have video topic ideas please leave a comment below! :) We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 4 Things You Need To Know About A Roth IRA When it comes to saving for retirement, a Roth IRA can be an excellent investment strategy. A Roth IRA (Individual retirement account ) is a special type of retirement account that offers unique benefits. If you’re considering opening a Roth IRA

Investing for our future is something we all know we SHOULD BE doing...yet many of us if we’re honest know we could be doing more. As a matter of fact, according to data from the St. Louis Federal Reserve, the personal savings rate in the United States is a paltry, 5.4%...Yikes! One of the MOST COMMON reasons I find that people are not saving and investing more is simply because they DON’T FULLY UNDERSTAND how various investment vehicles work. We say consistently in our office that “once people have all the facts, they’ll make the BEST DECISIONS for their family.” So I wanted to share this educational video that highlights one of the most common investment vehicles used in America today...the Traditional IRA in the hopes that it will help people better understand how these retirement vehicles work. Please note, this is not a recommendation for using a Traditional IRA - just an overview for educational & entertainment purposes. Before making any investment choices, ple

Today we will talk about the self directed IRA and what investment choices you have in them. Why would one choose a self directed IRA and is it suitable for you? We'll cover all the geeky details today on the Dough Show! We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 Investment Options in a Self-Directed IRA: The Dough 💲how For those seeking to plan for their retirement, Individual Retirement Accounts (IRAs) have long served as a popular choice. Traditional IRAs, Roth IRAs, and SEP IRAs are

What types of retirement plans can not-for-profit organizations use? Help employees save for retirement and provide an employee benefit by setting up an employer-sponsored retirement plan. Learn the pros and cons of each option. This is a release of a 2019 video, but the main thing that has changed is the maximum dollar limits. Also, the quality of these videos is slightly better now... Nonprofits have traditionally used 403b plans, for the most part. That's still an option, and may even be the best option for some organizations. But you may also benefit from using 401k plans or IRA-based plans (like a SIMPLE IRA) for your staff. See the pros and cons of different types of retirement plans. We'll look at administrative fees, maximum contribution limits, matching and profit-sharing contributions, features like loans, and the ability to make after-tax Roth contributions to your retirement plan. There's also the issue of discrimination testing, which can be an i

What happens if you put to much in your Roth IRA or you become ineligible to contribute to your Roth IRA because your income was too high? This is not something you want to mess around with so it's really important that you keep track or have someone like jazzWealth help you. The IRS is very clear about the rules rgarding excess contributions to your Roth IRA and the max income you can have to contribute. Today Dustin will cover these topics with you.... ( 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 If you contribute more money than the allotted limit to your Roth IRA, you have made what is known as an excess contribution. It's important to be aware of this mistake and take steps to address it to avoid potential tax penalties. First, let's define what an excess contribution is in a Roth IRA. For the year 2021, the contributi

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 When it comes to retirement planning , two of the most popular options available are 401k and Roth IRA. Both the retirement plans offer tax advantages that are likely to help during retirement. Choosing between the two can be challenging, and it's essential to evaluate the advantages and drawbacks that come with each one to determine the best-suited retirement plan for your needs. What is a 401k? A 401k is an employer-sponsor

If you have been thinking about a Roth IRA for your retirement investments in 2019 then this is your video. Today we will cover all the very basics of the Roth IRA for beginners as well as the details for those that want to geek out a little. If you are looking for a beginners guide to the Roth IRA then we hope you find this helpful. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 A Roth IRA is a retirement savings account that allows you to save pre-tax or after-tax money for your retirement. The ma

The 401k catches a lot of flak but it was the best vehicle for me to use to retire. In my situation the Pros out weighed the Cons.... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As a working individual, deciding to save money for your retirement is one of the most important decisions you can make. After all, you wouldn't want to be caught off guard by unexpected expenses during your golden years. For this reason, I decided to contribute to my 401k plan early on and it turned out to be the best decision I made for my retirement. First, it is important to understand what a 401k plan is. In simple terms, a 401k plan is a retirement savings account offered by an employer. Employees can choose to have a portion of their earnings contributed to the account, which then grows tax-free until retirement. Additionally, some employe

In this episode, Troy Sharpe, CFP®, talks about the 5 year rule for Roth IRA's and what you need to know so that you don't get penalized when you take a withdrawal. To contribute to an IRA you need to meet some basic requirements. To withdraw money from an IRA without penalty, you also need to meet certain requirements. The 5 year rule applies a bit differently to Roth IRA's that have contributions, Conversion Roth IRA's and Rollover Roth IRA's. Opening an IRA and contributing to it should be part of an overall Retirement Plan. At Oak Harvest Financial Group we create a customized solution aimed squarely at your retirement needs. No two plans are exactly alike. We tailor investments, income, tax-reduction, safety, long-term care and legacy solutions around your retirement vision and goals. Instead of trying to fit you into a box, Oak Harvest builds the box around you. It starts with a discussion about your retirement vision. A retirement vision is

The 5 year rule on a Roth IRA always trips people up. In reality you can take any of your contributions out at anytime without penalty. If you plan to take out growth early then you are subject to the penalty. The 5 year rul We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 retirement planning , the Roth IRA is a popular choice for many individuals. It offers tax-deferred growth and tax-free withdrawals in retirement, which can be a great way to save for the future. However, ther

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 https://inflationprotection.org/roth-ira-early-withdrawal-tricks/?feed_id=66165&_unique_id=63d9288611607 #Inflation #Retirement #GoldIRA #Wealth #Investing #financialadvice #financialadvisor #financialeducation #FinancialPlanning #investforretirement #Retirement #retirementinvesting #retirementplan #retirementplanning #retirementplanningat25 #retirementplanningat35 #retirementplanningat45 #retirementplanningat55

401k investing retirement planning retirement investing How to Invest your 401k For many, your 401k may be your single largest retirement savings investment. Do you understand your investment options? In this video I discuss... ** Target Date Funds ** Mutual Funds ** Collective Investment Trusts ** Advice from your plan provider ** Self Direct 401k Option ** Exchange Traded Funds in your 401k (ETF's) Thank you for watching! Please subscribe to our channel if you like the content. Retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retirement planning and financial Education! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. The Retirement Time Machine online course! Over 13 h