Timothy Sumer

An Edward Jones financial advisor shares how to manage the growing inflation and changes in the market.... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Financial advisors share economic advice amid rising inflation Inflation is a term that is starting to make headlines again as the global economy begins to recover from the COVID-19 pandemic. Rising inflation can have a significant impact on our personal finances, and it is important to be well-informed and prepared for its potential effects. This is where financial advisors come into the picture, providing valuable advice to individuals on how to navigate these challenging times. Inflation refers to the increase in the general price level of goods and services over a period of time. When inflation rises, the purchasing power of your money decreases, meaning...

7 unique ways to cut your tax bill down! It's tax season and while you hopefully made some great gains this year, that also means your tax bill is higher! By the end of this video you'll understand where you're getting taxed and how to get that bill in half or even get it down to zero! TIMESTAMPS 00:00 - Intro 00:06 - Relocate 01:41 - Hold investments longer 03:00 - Conversions when market is down 04:48 - Crypto calculations 06:25 - Business expenses 08:20 - Tax-loss harvesting 09:48 - Real estate 12:47 - Retirement __________ ***THINGS MENTIONED IN THIS VIDEO! 👀*** 💫 The Ultimate Free Guide To Investment Accounts: ***FREE TRAININGS 🤓*** THE 3 SECRETS TO INVESTING IN TIMES OF UNCERTAINTY 📈 How to build wealth on autopilot, even if you're scared, totally confused by financial jargon, and tend to get stuck in “analysis paralysis”. ← SIGN UP HERE $1K ON THE SIDE 💸 3 insider tips to creating...

retirement planning for Young Adults: Tips to Start Saving in Your 20s || Maximizing Your Savings Think its too early to think about retirement? Think again. Are you in your 20s and wondering if you should start saving for retirement? The answer is yes! The earlier you start, the better. But where do you begin? In this video, we'll cover everything you need to know about how to start saving for retirement in your 20s. We'll discuss why it's crucial to start saving early and how compound interest can work in your favor. You'll also learn about the different types of retirement accounts available and which ones may be best for your situation. We'll cover the importance of setting a retirement savings goal and how to create a plan to achieve it. Plus, we'll share practical tips and strategies to help you save more money for retirement, even if you're on a tight budget. We'll cover everything from automating your savings to taking advantage o...

In this video, “Roth vs traditional 401k vs IRA explained”, we’ll walk through the similarities & differences between a 401k vs IRA as well as between a Roth vs. traditional IRA. We’ll also go through how our clients make their decision on whether to put their money in a traditional vs Roth IRA vs 401k & how they decide between a traditional IRA vs Roth IRA. By the end of this video, you’ll see you actually don't have to choose between a Roth IRA vs 401k, a traditional IRA vs 401k or a Roth IRA vs traditional IRA! You can have all three! 401(k) contribution limits: Compound interest calculator: Roth & IRA contribution limits: Info on modified adjusted gross income: WATCH NEXT ⭐ 2022 November I-Bond Rate Prediction: ⭐ How To Buy An I Bond (step-by-step tutorial) via TreasuryDirect: ⭐ How Is I-Bond Interest Formula Calculated & When Does It Show Up In Your Account: ⭐ How To Buy More/ Gift I Bonds (For Spouses & Married Couples): #jenni...

Fall in love with Temu's Valentine's Day deals! Up to 90% off! Click here to shop my picks! Use my code "ever235" to get 30% off your Temu order (For new users) FREE shipping +FREE returns for up to 90 days (Valid in the US) #temu #temuhaul #temureview I started on the journey of a Low Buy year on January 1st along with creating my sinking funds for 2023. I teamed up with TEMU to try out some of their products to help me organize my receipts, cash, and paperwork for my reselling business along with helping me keep track of my sinking funds. I also want to help 2 lucky viewers get their budgeting under control by giving away 2 budget binders. We're going to do my low-buy check-in for January along with cash stuffing some of my sinking funds and see how far along we are on our 52-week money challenge. TEMU sent me all of the items mentioned in this video, but my opinions of the items and my experience of using their website are all my own. 00:00 L...

For so many people, being a home/property owner or investing in real estate seems hella unreachable, but it doesn’t have to be. If access to liquid capital is the root of your real estate discouragement, fear not! Accounts like a Roth IRA, Simple IRA, or SEP-IRA can help you secure at least $10,000 toward your first property purchase! Best yet, you can often get access to that $10,000 faster and with little to no downsides! For more info and strategy about other options like employer sponsored retirement accounts, watch this video: - ▶️OTHER VIDEOS YOU’LL LIKE ▸How to Save THOUSANDS of Dollars in 2020 | Despite the Race & Gender Wage Gap: ▸Credit Basics | What's Your Credit Score & Simple Credit Building for BEGINNERS: ▸Pay Off Student Loans FASTER | Easy Debt Strategy + Favorite FREE Tool Walkthrough!: S T A Y C O N N E C T E D ▸ Instagram: ▸ Website & Blog: ▸ Business Inquiries: firstgenmoneymusings@gmail.com Thanks for watching! ...

In this video, I will show you the right order to invest into tax-advantaged retirement accounts including 401K, Roth IRA and HSA and how you can contribute to them using the Backdoor Roth and Mega Backdoor Roth conversion trick even if you're over the income limit. By following what I'm about to teach you, you can save up to $66K a year and retire early as a millionaire. 0:00 Start Here 2:09 Step 1: Pre-tax 401K w/ Employer Match 3:08 Step 2: HSA (Heath Savings Account) 5:39 Step 3: Rest of Pre-tax 401K 7:43 Step 4: Backdoor Roth IRA 10:42 Step 5: Mega Backdoor Roth 401K 15:09 Final Thoughts ***RECOMMENDATIONS*** Compounding interest calculator: Roth IRA early withdraw criteria: What Video to Watch Next? Mint & Personal Capital Comparison: Save $350+ a year on Energy by using OmhConnect: How to Maximize Chase Points by Redeeming a Hyatt Hotel: _________ ***DISCLAIMER*** This content for my video is for education and entertainment purposes only. Yo...

In the recent presidential debate, NY Times has reported that Trump only paid $750 in federal income taxes in 2017. So in today's video, I'm going to talk about what a Mega Backdoor Roth is (which is one of the biggest tax hack), its eligibility criteria and a detailed walk-through on how to set it up at Vanguard via its Roth In-plan Conversion. You can also deploy the same strategy with Charles Schwab or Fidelity if they are your employer retirement sponsor. I would recommend Mega Backdoor only if you have already max'ed out pre-tax 401K, HSA or Roth IRA (you can check out details in this video: 0:00 Intro 1:24 What is Mega Backdoor Roth 1:54 Difference between Pre-tax, Roth and After-tax 401K 4:52 Eligibility Criteria 6:16 How to Set Up via Vanguard (Roth in-plan conversion) ***RECOMMENDATIONS*** What Video to Watch Next? Right order to contribute to 401K, IRA, and HSA: How to Set up Backdoor Roth: Mega Backdoor Roth via In-service Distribution: ________...