Timothy Sumer

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Showing posts with the label personalfinance

Is it Worth Contributing to a Non-Matching 401k?

Should I Contribute to a Non-Matching 401k)? Take Your Finances to the Next Level ➡️ Subscribe now: Download FREE Financial Resources from the show ➡️ Sign up for the Financial Order of Operations course ➡️ Download The Money Guy Net Worth Tool ➡️ Our professional focus is on financial planning and investment management, and we leverage our knowledge for your benefit. We help you focus on the things you can control and manage the things you can’t. Visit our site for more info ➡️ Facebook: Instagram: Twitter: TikTok: Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! We can’t wait to see you accomplish your goals and reach financial freedom! New shows every week on YouTube and your favorite podcast app. Than

Caleb Hammer Undergoes Audit on The Money Guy Show

The Money Guy Show Audits @CalebHammer Special thanks to Caleb for hosting us at his studio and for being open enough to have his finances audited on our show! We had a great time! Watch Bo & Brian team up with Caleb for an audit of our friend Joseph on his channel! Watch more Caleb Hammer Financial Audits: Chapters: 0:00 Intro 02:25 Caleb's Backstory 04:27 Caleb's Biggest Fears 08:13 Cash is King (Emergency Funds) 22:35 "This money doesn't exist" (Investing) 26:25 Avoiding Taxes (401k Plans) 29:37 Google Sheets?! (Organizing a Small Business) 33:30 Real Estate...Why?! 1:00:12 "8 Different Flavors of the Same Hotdog" (Index Funds) 1:08:41 "Resources give you options" (Money is a tool) 1:10:22 British Accents 1:12:19 Car Buying 1:17:33 Hot Takes (House & Business Equity) 1:27:30 You don't know what your time's worth!! Jump start your journey with our FREE financial resources: Reach your goals faster with our

A Step-by-Step Guide to Retirement Readiness: Your Personal Roadmap

In this episode, James emphasizes the importance of having a well-thought-out financial plan for retirement, rather than relying solely on the size of your investment portfolio. Financial security doesn't come from a specific portfolio number but from having a comprehensive plan. Using a listener's question, James walks through a step-by-step approach to assessing retirement readiness. He discusses aspects like income planning, investment strategies, tax optimization, and protection through insurance and estate planning. Shifting your mindset from a saving mentality to a spending mentality in retirement allows you to fully enjoy your savings. Learn how to determine if you'll be financially secure in retirement and how to optimize your financial resources to enhance your overall retirement experience. Questions Answered: How do you assess your retirement readiness? How can you optimize their retirement plan to enhance their overall retirement experience? =====

Unleash the Power of Long-term Financial Goals: Maximizing Your Wealth through Personal Finance

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Money Management Tips: 6 Actions I Take When I Receive My Pay

These are the six things I do every time I get paid! If you would like to support my channel!: Mint Mobile (save on your cell phone): Books I'm Reading The Dawn of Everything: Who Moved My Cheese: Outlier: The Story of Success: Chapters 00:00 Start Here 00:30 Take Out Taxes 01:58 Contribute To Roth IRA 03:34 Pay Off Credit Card 05:09 Pay Non Credit Card Expenses 06:42 Move Money To Savings 08:15 Notice Financial Trajectory Once a month, every time I get paid, I sit down and do six things that help me stay organized and avoid any bad financial surprises. In this video, I share those six things. 1. Take Out Taxes Whether you are self employed or employed with a company, it is important to make sure that you are setting aside enough money from each paycheck for taxes. This amount varies from person to person; however, it's important to take the time to make sure you're setting aside the right amount to avoid a large tax bill at the end of the year.

San Francisco Fed President Daly proposes possibility of higher neutral rate post-pandemic

Yahoo Finance anchors Julie Hyman and Josh Lipton spoke with video creator and podcaster Kylie Scanlon about the outlook for interest rates following comments from the Federal Reserve President of San Francisco's Mary Daly's on inflation, and the Fed's messaging on social media. Subscribe to Yahoo Finance: #youtube #inflation #stockmarket About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Fin

Unlock Your Potential and Achieve Career Growth through Personal Finance Strategies at Track Schools

Transitioning 1 Roth IRA & 1 IRA from Vanguard to a Fixed Index Annuity - Exploring Retirement Options

... ( 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 1 Roth IRA & 1 IRA Rolled Out of Vanguard to a Fixed Index Annuity: A Smart Retirement Strategy As retirement draws nearer, it becomes crucial to make strategic decisions regarding your savings and investments. One such decision could involve rolling over your existing Individual retirement account (IRA) and Roth IRA from Vanguard to a Fixed Index Annuity (FIA), offering the potential for growth while providing a secure and predictable income stream during retirement. In this article, we will explore the benefits of this strategy and shed light on the merits of utilizing FIAs in retirement planning . First and foremost, what is a Fixed Index Annuity? It is a type of annuity contract that guarantees the return of the principal investment while offering the opportunity for gro

Unveiling the Fascinating Mechanics of Bull and Bear Markets in Personal Finance

The Impact of Inflation on Your Finances: Coffee, Currency, and Strategic Investments!

Noticed your morning coffee costing more? Dive into this quick shot of financial wisdom as we break down inflation's sneaky effect on your hard-earned money! Discover the secret to keeping your finances robust, even when inflation tries to nibble away at them. For those craving to make every dollar count, this is your must-watch guide to inflation-proof investing. Don’t just watch your money—make it work for you. Subscribe for more insights and stay financially sizzling with Value of Stock!... ( 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 Inflation's Bite on Your Bucks: Coffee, Cash, and Cunning Investments! Inflation, the steady increase in the prices of goods and services over time, can take a significant toll on your hard-earned money. While it may seem like a small percentage increase each year, o

What is the Ideal Amount to Have in My 401(k) Before Decelerating?

How Much Should I Have In My 401(k) Before Slowing Down? Jump start your journey with our FREE financial resources: Reach your goals faster with our products: Subscribe on YouTube for early access and go beyond the podcast: Connect with us on social media for more content: Take the relationship to the next level and become a client: Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life.... ( 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 How Much Should I Have In My 401(k) Before Slowing Down? Planning for retirement can be a daunting task, but it is crucial to ensure fin

Where is the recession that financial experts predicted this fall?

"The Great Resignation" left companies needing employees.... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Compass: Financial Experts Predicted a Recession This Fall. Where is it? As the year 2020 drew to a close, the coronavirus pandemic wreaked havoc on economies worldwide, causing widespread uncertainty and concern among financial experts. Many economists and analysts predicted that a recession was imminent, and some even went as far as stating that this economic downturn would hit in the fall. However, as we approach the end of the year, the anticipated recession seems to have been delayed or, perhaps, avoided altogether. The term recession refers to a significant decline in economic activity, typically characterized by a contraction in the GDP (Gross Domestic Product) for two consecutive quarters. Historically, recessions

Don't Miss Out! You Can Still Make Backdoor Roth Contributions this Year

Here's another quick tip from Andrew Rosen, President of Diversified, LLC. There’s still time to make backdoor Roth contributions this year. For more quick tips: Visit our website for more information: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Quick tip! There’s still time to make backdoor Roth contributions this year. If you haven't made your Roth IRA contributions for this year, don't worry! There is still time to take advantage of a backdoor Roth contribution before the year ends. Let's dive into what this means and how you can benefit from it. Firstly, let's understand what a backdoor Roth contribution is. A Roth IRA is an individual retirement account that allows you to contribute after-tax dollars, meaning that you won't be taxed on the withdrawals in retirement. However, there are income limits

Potential Impact of Government Shutdown on Stocks, Economy, Government Programs, and Workers

The 2023 fiscal year has brought many surprises upon investors — some more welcome than others, such as August's PCE report pointing to cooling inflation. Some investors are concerned with all the recent headwinds and volatility in the market, wondering where they should park their money. Interactive Brokers Chief Strategist Steve Sosnick joins Yahoo Finance to break down recent market developments and offer insights to investors as to where they should be paying attention. "If the market is reassessing the risk/reward, you should be doing the same," Sonick says on short-term investing. Commenting on the direction of interest rates in 2023, Sosnick is looking to keep investments in cash, since "you're getting some yield. Actually if inflation is quiet, we get real yield. You're not even losing money vis-a-vis inflation". For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe