Timothy Sumer

do YOUR kids have a ROTH IRA? 🤯🤯🤯 🔑 this is a game changer for real even if you have to start small, being consistent with building your kids wealth portfolio will help to set them up for future success! 💕 do you want to learn more about how to hire your kids, grants and generational wealth?? Then join my FREE Mommy 2 Millionaire Masterclass! Click the link below to register!! 🚨 Join my FREE FULLY FUNDED MASTERCLASS this Thursday 4/20 @7PM EST 💰 ➡️ Secure Your Spot Here: & don't forget your prep kit! ... ( 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 custodial Roth IRA is a powerful investment tool that can help individuals build generational wealth. In this article, we will explore what a custodial Roth IRA is, its benefits, and how i...

Many people believe that 401Ks are supposed to keep us afloat during retirement but aside from inflation, did you know that you have to pay taxes before you can take that money out too? This is only one of the many reasons your 401K is not an ideal retirement plan and it is by far one of the biggest inconveniences of keeping your money in one. Watch now to learn more about how 401Ks work and why a 401K is NOT an ideal retirement plan for anyone! Key Talking Points of the Episode 00:00 Introduction 01:13 How do taxes work in 401Ks? 02:21 What was the primary purpose of a 401K? 03:25 Why are 401Ks not ideal for retirement? 04:36 What makes investing in a 401K risky? ____________________________________________________________________ Want More? Register Here for Lee’s Live Monthly CEO Firesides! ___________ Subscribe, Like, and Comment! ▪️ leearnoldsystem.com ▪️ facebook: ▪️ instagram: #realestate #realestateinvestment #inv...

If you have money in certain qualified-retirement vehicles, including (but not limited to) 401(k)s, 403(b)s, 457(b)s, Traditional Individual Retirement Accounts / Annuities (IRAs), then -- beginning at age 70 1/2 -- you will need to consider the Internal Revenue Service's (IRS) rules concerning the so-called Required-Minimum Distribution (RMD). I have gone into the basics of the RMD, elswhere. For an overview, see: For a summary of the steps involved in taking your RMD, see: On taking distributions in general, consult: Some people don't mind the RMD, for example, if they are already taking distributions or if they need the RMD to cover expenses. However, some people find themselves in the position of having to take an RMD when they don't actually need the money. If you're in that position, realize that you have several options. Some of them include the following. (1) You can take a distribution and then give it to a person or organizati...

Self-directed IRAs are not only useful for retirement. They can also be used to grow your wealth long before you retire, if you do it right and you comply with all the rules. Watch this video to learn more rules that apply to your SDIRA and how you can avoid them! Key Talking Points of the Episode [00:00] Introduction [00:18] What is Unrelated Business Income Tax? [00:56] How can you incur UBIT? [02:20] What other issues can you encounter when using your IRA? Quotables “Unrelated Business Income Tax, also some of them call it Unrelated Debt Financing Income Tax – in certain circumstances, your IRA may incur an income tax.” “These rules are designed to prevent the IRA that’s normally tax-exempt from operating businesses in a way that competes with other every day businesses outside of IRAs.” “They don’t wanna give IRAs advantages over other regular businesses, so if you’re operating a business and you’re getting business income into your IRA, it may be subject to this ...

You may be looking for a way to make a big difference to help further the mission of Jewish National Fund. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year. If you have any questions about an IRA charitable rollover gift, please contact us at plannedgiving@jnf.org or visit jnlegacy.org. We would be happy to assist you and answer any questions you might have.... ( 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 The Jewish National Fund (JNF) is a non-profit organization that works to promote Jewish identity and strengthen the Jewish people in Israel and around the world. The JNF has been providing assistance to the Jewish people for over 100 years, and is one of the largest and most influentia...

8 Scary Truths About Your Qualified Plan / 401k that your employer's not telling you. What you need to know about your 401k before you contribute another dime. How to avoid being taxed to death! Is tax-deferral a good thing? Learn retirement income strategies that will allow you to maximize your qualified plan and pay less in taxes. Discover how to receive TAX FREE INCOME at retirement WITHOUT a 401k, IRA or ROTH. To learn more about retirement income, request a consultation: Subscribe to our YouTube channel: Find us on Facebook: ... ( 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 https://inflationprotection.org/8-scary-truths-about-your-qualified-plan-401k-ira-retirement-account/?feed_id=53950&_unique_id=63aa303444701 #Inflation #Retirement #GoldIRA #Wealth #Investing #401k #401kdisclo...

I‘ve done a few videos over the years comparing annuities and drawdown for taking pension benefits. Annuities themselves are a very hot topic right now, so I think it’s time I updated things… #ukpension #annuity #drawdown 🔴 - Click here to watch Drawdown, Annuity & UFPLS examples 🔴 - Click here to watch Drawdown vs UFLPS vs Annuity ➡️ Work with Pete: 👉 MeaningfulAcademy - Financial Foundations: 👉 MeaningfulAcademy - Build Wealth: 👉 MeaningfulAcademy - Retirement Planning: 🏷️ Use PROMO Code "YOUTUBE" to save on any of the three courses. Chapters: 0:00 Welcome 0:17 Intro 0:56 The key differences 2:49 Annuities are back in favour 4:58 Factor 1 - Need for guarantees 6:07 Factor 2: Flexibility 7:32 Factor 3: Leaving a legacy 8:35 Conclusion 🎥 Budgeting: 🎥 Paying Off Debt: 🎥 Wealth Protection: ...