Timothy Sumer

ANTICIPATE STOCK MARKET CRASHES, CORRECTIONS, AND BEAR MARKETS WITH AWARD WINNING RESEARCH. Sign up for The Lead-Lag Report at www.leadlagreport.com and use promo code YOUTUBE30 for 2 weeks free and 30% off. This will change your life. In this episode of our investment series, we have the pleasure to host a renowned portfolio manager and trading expert, Patrick Walker. Patrick has a wealth of experience in the investment world, having worked with some of the biggest names in the industry. In this interview, Patrick shares his insights on managing winners and losers in your investment portfolio. He delves into the mindset required to make successful investing decisions and how to avoid common mistakes that cost investors heavily. Whether you're a seasoned investor or just starting, Patrick's tips and strategies will help you make informed decisions and maximize your returns. From analyzing stocks to managing risk, Patrick covers it all in this engaging and inform

Saving for retirement can be a bit of a three-ringed circus but Joe Anderson, CFP®, and Big Al Clopine, CPA have your ticket to the show! Whether you’re retired, saving for retirement, in the military, or paying off student loans, SECURE 2.0 is a massive shift in investment policy, designed to motivate and enable people to save more for retirement to the tune of $40 billion in new savings plans over the next decade – not to mention reshaping 401(k)s and RMDs. What does the SECURE Act 2.0 mean for you? It's all under the big top in today's show! Download the free guide to the SECURE 2.0 Circus: Secure 2.0 Circus • Big Top Benefits • Inheritance Gymnastics • Show Time 0:00 - Intro 1:16 - Secure 2.0 Circus 2:50 - 401(k) Changes 5:07 - RMD Changes 6:43 - Emergency Savings Plan 7:00 - Qualified Charitable Distributions 7:43 - 529 Plans 9:14 - Student Loan Match Program 9:43 - Download Guide: SECURE 2.0 Circus 10:30 - True/False: If you inherit an IRA from your fathe

Here is a common mistake that is made by many and it is 100% avoidable. Please don't make this mistake with your retirement! For more information about our firm, please contact us at: (770) 683-3608 | msmith@wcfingroup.com, or by web at: www.wcfingroup.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 As 2021 draws to a close, many Americans are considering rolling over their individual retirement accounts (IRAs) into different investment options. However, before you rush into making any moves with your IRA, you need to be aware of the potential tax implications. The "New Years IRA Rollover Tax Trap" occurs when an investor moves their IRA funds into another investment option without properly following Internal Revenue Service (IRS) rules, leading to a large tax bill in the upcoming tax season. This can happen if you withd

"Team, thank you again for the great show and the humor in how you answer these questions. I have a question about my Roth IRA and Roth TSP…. and it has nothing to do with the Megatron or back door! I’ve had my Roth IRA for about 15 years and began funding the Roth side of my TSP 5 years ago. I intend to transfer the Roth portion of my TSP to my Roth IRA whenever I decide to retire from the military. With that in mind: Will all the contributions I’ve made to my Roth TSP over the years be counted as contributions in my Roth IRA? Or would the entire value of the Roth TSP count as the contribution when it is transferred to my Roth IRA? Is there some other rule that I am missing? I understand that Roth IRA contributions can always be accessed without penalty and that contributions are considered to be the first portion withdrawn from the account. What I don’t understand is how or if that would change once another retirement plan such as my Roth TSP is brought over. I’m

"Hello! I drive a 2004 Subaru, drink sour beers and have a mutt. Lucky to live in Colorado. Love the show. I have an existing Roth - opened in 2020 - I will be 59.5 in 2026 so 5 year rule and 59.5 rule will be satisfied whenever I get around to using the funds after that time. No need for them for the foreseeable future. I have heard you mention that each conversion has its own 5 year clock even if I am over 59.5. Does that mean that if I want to convert stock in this down market now that I need to open a new Roth and if I want to do more next year, I need a third Roth, and so on? Or can, I just convert all of it into the existing Roth? If the answer is the former (separate Roths), can I consolidate them as they each hit the five year mark? Thank you, Jason." Download the 5 Year Rules for Roth Withdrawals: Listen to the entire Your Money, Your Wealth® podcast: Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retir

Hi Andi, Big Al and Joe! Big fan of your podcast! I am hoping that you might be able to help brainstorm some ideas for my family. One of my stepsisters passed away a few years ago, and she left her IRA valued at 160k to my other stepsister's son. When she first set up her account, she only had one nephew. The family grew, and she ended up having another niece and nephew prior to her passing. My sister knows that she would have wanted to leave equal shares of the IRA to all three of the children. She passed away prior to the change that requires withdrawal in 10 years, so they are able to leave the money in until RMD age, which will be 2039. The kids ages are 24, 21, and 15. The oldest son is going to college for the next couple of years and working part-time. We are trying to figure out how to split the money between the kids. Since he isn't making much money now, would it be better to pull it out now and set up accounts for the other kids? I'm not certai

Greg, Temecula - "You asked for reference about inherited IRAs by a non-spouse having to take a RMD every year in the 10 year window. In Forbes, IRS notice 2022-53 will apply to 2023 distribution year. They are not going to penalize anyone who did not take distributions in 2021 or 2022. The IRS proposed the change in 2022 and said will finalize in 2023. Joe said he didn't know anything about this, and supply proof. Maybe someone in the office has heard and could give a little more clarity? David, Tega Cay- "I was listening to the most recent episode on my drive home last night. I believe Joe and Al were called out by a listener regarding inherited IRAs and the impact of the SECURE Act." Listen to the entire Your Money, Your Wealth® podcast: NOTE: Passage of the SECURE Act 2.0 on December 23, 2022 means there are substantial changes to required minimum distributions, retirement savings, and tax planning in place now, and more on the way! Make sure you'

What will you actually need to spend in retirement? Today on Your Money, Your Wealth® podcast 406, Joe Anderson, CFP® and Big Al Clopine, CPA explain how to really think about and calculate your retirement expenses. Plus, does it make more sense to do Roth conversions or reinvest to reduce tax-deferred account balances? What about doing Roth conversions to a higher tax bracket than the one you’ll be in during retirement? The fellas also explain the alternative minimum tax, Social Security spousal benefits, and when in the year you turn 72 you must take required minimum distributions from retirement accounts. Finally, what should someone with no credit history, who hasn’t paid taxes, do with a $100,000 windfall? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: 00:00 - Intro 00:55 - How to Forecast Expenses in Retirement (David, Huntsville, AL) 08;52 - Download the Retirement Blind Spots Guide: Watch Retirement Blind Spots on YMYW TV: 09:45 - C

Today on Your Money, Your Wealth® podcast 412, Joe Anderson, CFP® and Big Al Clopine, CPA are back with a SECURE Act 2.0 recap and a proposed backdoor 529 plan strategy from the new law. Plus, is there a scenario where it makes sense to not max retirement accounts, to avoid being retirement rich and cash poor? Also, the fellas’ thoughts on a break-even point for Social Security, required minimum distributions (RMD) from inherited IRAs, and Roth IRA strategies: the 5-year rules for Roth withdrawals, preserving Roth money and avoiding early withdrawal penalties, and Roth conversions to offset brokerage account losses. Show notes, transcript, free financial resources, Ask Joe & Big Al On Air for your Retirement Spitball Analysis: 00:00 - Intro 01:17 - SECURE Act 2.0 Post-Retirement 529 Backdoor Roth IRA Strategy? (Eric, Sacramento) 06:22 - High Level SECURE 2.0 Recap 09:12: SECURE Act 2.0 Guide - free download: 09:51 - What’s the Break-Even Point to Claim Social Security

In Should I Have Convertible Bonds, TIPS and FRNs in My Investment Portfolio? I discuss the reasons why convertible bonds, Treasury Inflation Protection Securities and Floating Rate Notes are not good investments for long-term passive investors. This is a FREE introductory lesson from the Essentials of Investing course. You can get the eBook and video course now by visiting and Sign up to Rich Warner's email list to get more FREE video tutorials on investing and updates by clicking on this link: Sign up for FREE educational articles and videos on investing at Thank you for watching. Your comments, feedback and suggestions are welcome. PLEASE SUBSCRIBE TO THIS CHANNEL as this will inspire me to produce more videos like this one! Lord knows there are too many investment schemes out there. Either that, or the investments are too complex to understand. Most of these do not belong in a long-term investor's toolbox. In this video, I shed some light on high yi

"I am in my 70s. Social Security and pension pay all my bills with a bit left over with an income of ~$55K. I own my home, car, golf cart, and have no debt. $500K + in IRA, $20K + in Roth, $20K + in Brokerage. Most will go to charity upon my death. RMDs are split between QCDs and transfer to brokerage. I'm at the 22% tax bracket. SO-- Bottom line: My life is great as it is. I am healthy. I am not a good spender, even now. I have done my traveling. I don't mind paying my taxes, but would prefer not to pay more than necessary. I've been doing Roth conversions every year (~$12,000, paying the tax from my IRA) as tax rates will increase in 2025. But now I am unsure and would like your thoughts. Is it prudent for me to continue to do conversions in the down market? I'm tending towards yes, as I will have to pay tax in the future anyhow with RMDs, but I have friends who say no, as I won't make the costs back. Does it matter when I pay taxes -- now

"I have been helped and entertained by your podcasts thank you so much. I would like you to spitball my situation. I have no debt at this time. yearly income approx. $100K. I plan to do some traveling overseas between 60 and 65. I am a US veteran. possible life expectancy up to 87. I am 58 and single. planning to retire mid-year 2023. Minimum basic living expenses to get in retirement is $33,000 or less. INCOME: PENSION - $24,000 yearly starts at age 60 old. DIVIDENDS -$5,000 comes from my brokerage account. SOCIAL SECURITY - $19,000 yearly at age 62. RENTAL INCOME - $8,000 a year ASSETS: BROKERAGE ACCOUNT - $350,000. 401K - $774,000 before tax ($65,000 is cash). ROTH 401k - $86,000. ROTH IRA - $61,000 ($2,000 is cash). HSA - $31,000 ($27,000 is cash). MONEY MARKET - $60,000. I-BONDS - $10,000. RENTAL PROPERTY - $50,000. HOME VALUE - $160,000. I would like to keep my Taxable income about $34,000 in order for me to be eligible for VA health benefits and/or to be able to u

"Greetings Andi, Joe, and Roll Tide Big AL! I really enjoy your show and appreciate the information you bring to the listeners every week. A lot of the material I read very often has made me aware that I'm a bit behind compared to others in retirement savings. I would appreciate it if you could give me a spitball on if I'm on track for retirement. I'll try to keep it as brief as possible for Joe. Personal details: I'm 44, and my wife is 46. I drive a 2017 Honda CRV, and my personal beverage of choice is a mojito. My wife and I plan to retire at ages 62 & 64. Financial details: Our household income is $160,000. I've estimated our annual expenses in retirement to be $50,000 in today's dollars. (not adjusted for inflation) We have $300,000 saved in a combination of rollover IRA (200k), Roth IRA (50k), and Roth TSP (50k). I will have the benefit of carrying health insurance benefits into retirement, and after healthcare expenses and taxes my pensi

Can you trust the opinion of just one advisor when planning for your entire financial future? Today on Your Money, Your Wealth® podcast 409, Joe Anderson, CFP® and Big Al Clopine, CPA spitball their second opinions for some retirement plan and Roth conversion strategies, they illustrate one way some financial advisors may be acting in their own best interests, and they explain how to determine if you’re on track for a successful retirement. Plus, can you take penalty-free withdrawals from a Roth TSP to Roth IRA rollover in order to bridge the gap until age 59 and a half? Will paying for a home remodel with Roth conversion funds avoid tax? And, should you use Roth conversion money for these purposes? Show notes, free financial resources, transcript, Ask Joe & Big Al On Air: 00:00 - Intro 00:56 - Are We Missing Anything or Can We Trust the Analysis and Retire? (Ken, Fremont, CA) 07:02 - Download the Quick Retirement Calculator Guide: 07:49 - Roth TSP to Roth IRA Rollover