Timothy Sumer

Financial Tip Of The Week: Here is a quick tip video to help you understand the difference between a Traditional IRA & Roth IRA! The biggest difference between a Traditional IRA & Roth IRA is how and when you get a tax break: The tax advantage of a Traditional IRA is that your contributions are tax-deductible in the year they are made. The tax advantage of a Roth IRA is that your withdrawals in retirement are not taxed. If you have more comprehensive financial questions, don't hesistate to reach out to us! Contact us here: Matthew Fox AIF® CRC® Owner/Financial Planner www.perspectivewealthplanning.com 814-580-9881 Facebook: Twitter: Instagram: ... ( 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 retirement, there are a variety of investment options to choose from – but two of the most po...

Finance Tip | 3 Ways To Save More Money For Business Owners & Entrepreneurs In this tip video, Matthew Fox is going to show you 3 options that allow you to save more money not only just on taxes, but also to save more money for retirement down the road; opposed to choosing just a standard traditional ira. Here are the 3 options: 1. Self-Employed 401k 2. Simplified Employee Pension (SEP) 3. Simple IRA. Matthew will also be showing an example of how much money you can save for all 3 of these options, if you're the age of 40, and have $100,000 of business income. It's important to note that these amounts will change depending on your age & business income, this is just an example to show you how the calculator works. If you have more comprehensive financial questions, we would be glad to help! Contact us here: Matthew Fox AIF® CRC® Owner/Financial Planner www.perspectivewealthplanning.com 814-580-9881 Facebook: Twitter: Instagram: LinkedIn: ... ( re...