Timothy Sumer

In this video, I discuss the tremendous advantages given to a railroader when he couples up his 401k and Railroad Retirement Annuity into a single retirement portfolio. I also discuss: 1. Using your Railroad Retirement Annuity as a baseline for understanding risk. 2. Social Security vs Railroad Retirement 3. The concept of Risk in your portfolio ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult...

A brief overview of how Spouse Annuities function in Railroad Retirement: 1. What the requirements to receive a spousal annuity? 2. What are the payouts on a spousal annuity? 3. What is the reductions in the spousal annuity with early retirement? 4. More... ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. ...

Join John McNamara, CRPC of HIghball Advisors as he discusses strategies to maximize your Railroad Retirement Annuity. John discusses the following: 1. What You Should Know about Railroad Retirement Benefits? 2. When Should I Take Railroad Retirement Benefits? 3. How do I Maximize My Railroad Retirement Annuity? Listen at the end when he discusses the effect of your Railroad Retirement Annuity on your 401k. ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment ...

We discuss the importance of planning for a long retirement from the railroad. This video includes: 1. Discussion on longevity of railroaders 2. Importance of planning for a long life 3. More... ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written per...

If you receive retirement benefits in the form of, pension or annuity payments from a qualified employer retirement plan , all or some portion of the amounts you receive may be taxable. This topic doesn't cover the taxation of social security and equivalent railroad retirement benefits. For information about tax on those benefits, refer to Topic 423 and, Are My Social Security or Railroad Retirement Tier I Benefits Taxable? On IRS website. The pension or annuity payments that you receive are fully taxable if, you have no investment in the contract, sometimes referred to as "cost" or "basis", due to any of the following situations. You didn't contribute anything or, aren't considered to have contributed anything for your pension or annuity. Your employer didn't withhold contributions from your salary, or, You received all of your contributions tax-free in prior years. If you contributed after-tax dollars to your pension or annuity, your pens...

Do you plan on collecting a Railroad Retirement Annuity? Or are you already collecting a Railroad Retirement Annuity? You need to watch this video before you are sold a annuity. In this video, I'll help understand the downsides of annuities and specifically what you give up as a railroader by purchasing one. ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, ...

If you have worked outside the railroad industry in a non-covered position, you need to watch this video to understand your reduction penalties on your Railroad Retirement Annuity. Please avoid surprises at retirement by knowing your Railroad Retirement Annuity benefits. ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to yo...

Question from Becky C: Can You Borrow from Railroad Retirement? ******************************************** Subscribe to my channel: Get Your Free Railroad Retirement Assessment Here: ******************************************** Learn more about working with John at Highball Advisors Here: ******************************************* Get Social LinkedIn: Facebook: ******************************************** Disclaimer: This video is provided for general information and illustration purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. Highball Advisors encourages you to consult a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Highball Advisors, and all rights are reserved.... ( read more ) LEARN MORE ABOUT: Retirement Annuities ...