Timothy Sumer

#finance #retirement #tax When it comes to Roth Conversions, many investors like you may have misconceptions. Chris Heerlein of REAP Financial out of Austin, Texas is here to discuss those misconceptions and have you on top of the latest Roth IRA Conversion strategies. He covers information around the 5 year rule, required minimum distributions, how to have control of when you take your money out, how to get into the Roth IRA game, and much more.  Visit us at to set up a consultation with our retirement planning  specialists to discuss your current state and what options you have to live the fulfilling retirement life you've always dreamed of.... ( 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 6 Misconceptions around ROTH IRA Conversions ROTH IRA conversions have gained popularity in recent years as a way to maximize retirement savings

This video provides you with information on retirement preparedness and how to receive your pension in order to avoid poverty in old age through annuities (a fixed sum of money each month for the rest of your life). # Make the rest of your life the best of your life#.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retirement Planning - Annuity Retirement is a significant chapter in one's life. After years of hard work and dedication, it's only natural to want to enjoy the golden years with financial security and peace of mind. However, achieving a stable income during retirement requires careful planning and consideration. This is where annuities come into play. An annuity is a financial product that provides a regular income stream during retirement. It is essentially a contract between an individual and

Spousal IRA is a strategy you can use when you have a single income household but file taxes jointly. It allows you to put money in an ira for the non-working spouse without the earned income requirement. The irs will allow you deduct the contribution, giving you a tax advantage. #fyp #foryoupage #moneytalks #retirement #ira #financialfreedom #financialliteracy #retirement #wealth... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to saving for retirement, individual retirement accounts (IRAs) can be a powerful tool. They allow you to save money on a tax-advantaged basis, meaning you can save more money over time. But did you know that you can also open an IRA on behalf of your spouse? This is known as a spousal IRA, and it can be a great way to jumpstart your retirement savings as a couple. But before you open a spo

If you have questions for Me and would like to schedule a complimentary consultation over the phone, please click here: I am also offering a 12 page E-book at no charge titled, "Six Best and Worst IRA Rollover Decisions." Please comment below if you are interested in receiving this E-book. -- Connect with Jim on LinkedIn! Grace Wealth Management #retirement #financialadvisor #ROTH #IRA #individualretirementaccount 19782 MacArthur Boulevard, Suite 320 Irvine, CA 92612 Mon-Fri: 8:00 AM - 5:00 PM Sat-Sun: By Appointment As a financial advisor in Irvine, CA, we specialize in retirement planning and investment management. We offer a comprehensive and customized financial road map to help Retirees feel peaceful about their finances in their golden years. We are a full-service financial firm committed to helping people pursue their financial goals. We offer a wide range of financial products and services to individuals and business owners. We believe you wi

Average 401k Balance 📊 for 50 & 60 Year Old Retirement Investors 💵 (2022 Edition) In this blog, I want to show you the average 401k balance for investors ranging in age from 45-65. I also want to give you the median 401k balance for investors in the same age range. 401k's are one of the most popular retirement investment vehicles that individuals use to grow their retirement savings. As an employee, you are allowed to contribute $20,500 into your 401k on a yearly basis. If you are over 50, you can contribute another $6,500 into your 401k. According to the US Census Bureau, only 41% of individuals actually contribute to their 401k plan. With 401k balances (we will see this in a moment) being so low for individuals approaching retirement, what can you do to increase your 401k balance and retirement savings? 1. Contribute the catch-up provision to your 401k If you are over the age of 50, you have the ability to contribute an extra $6,500 into your 401k each year. T

Average Retirement Savings by AGE, GENDER, & INCOME || Increase Your Retirement Savings In this Livestream, we are going to look at the average retirement savings by age, gender, and income. This retirement savings data comes from the newly released retirement survey from Vanguard for 2022. We are also going to discuss ways you can save more for retirement and steps you can take today to increase your retirement savings. Full Retirement & 401k Article Here: This video is showcasing average 401k balances and median 401k balances in retirement accounts with Vanguard retirement services. All of this information comes from Vanguard 401k retirement survey that was conducted in 2021. This is both the average and the median of these 401k retirement accounts. Keep in mind the average 401k retirement account size will be skewed because of the large 401k retirement accounts at the top and the small 401k retirement investing accounts at the bottom. The

Soon, you’re going to begin your life after Valero. You may be wondering “What should I do about my account in the Thrift Plan, also known as a 401k plan ?” Does it need to be more conservative? Should I go to cash? How about selling all the employer’s company stock and diversifying into mutual funds? Oh wow! What happens to the loan I took on my account? These are all common questions we hear from Valero employees preparing for retirement. So, we’ve put together this video to help you understand our opinions on what to do with your 401k account before you begin your life after Valero. Our clients tend to enjoy many years pursuing their own goals after leaving the refinery. Which brings us to the first issue, should you make the portfolio more conservative, maybe even move all the investments out of the stock market and into bonds, or cash? As with all investment decisions, each person’s situation is unique, but as a guiding principle, remember that

How To Retire at 55 with IRA || Retire Early & Avoid Penalties In this video, I want to talk about retiring early with a 72T. This video will help you understand what retirement looks like under the age of 59 1/2 and how you can retire and use your retirement investments for income without paying a penalty. **Free Retirement Download: The Roadmap to Retirement:** 📊 If you have most of your retirement assets in an IRA, simple IRA, or SEP IRA this retirement strategy will help you retire at 55 or retire at 50 or retire at any age under 59 1/2. What is a 72T? A 72T is an IRS rule that allows someone who wants to retire early to take substantially equal periodic payments from their IRAs and avoid the 10% early distribution penalty. There are three methods for determining substantially equal periodic payments for retirement income with a 72T: amortization, annuitization, and required minimum distribution. Once you begin taking retirement income from your IRA using a

I'M 55 OLD, HOW TO PREPARE FOR RETIREMENT? | $300,000 IN 401K If you're 55 years old or older and are planning to retire soon, then you need to watch this video! I'll share with you tips for saving money, preparing for retirement and making the most of your money while you're still working. I hope you find this video useful and that it helps you achieve your retirement goals! 00:00 Introduction 00:35 Hypothetical Case 02:52 Retirement Goals 03:34 Current Scenario 05:33 First Scenario 06:17 Play zone 07:36 Improving Score 08:48 Know Your Retirement Score 09:01 Figure Out How Long You Should Be Working 09:15 Try Not To Overfund Your Taxed Deferred Accounts **************************************************************************************** 🟢 💸 DOWNLOADABLE RESOURCES: 💸 🟢 ************************************************************************************ ★ Subscribe to our channel for time sensitive Tips! ★ **********************************

Use Your 401k For Retirement Income at 55 #shorts #retirement #financialfreedom Retire at 55 with the Rule of 55 || Retirement Planning for Early Retirement In this video, I want to discuss the rule of 55 that helps individuals with a 401k retire at 55. This retirement planning rule gives individuals and families who are doing retirement planning at 50, the ability to determine if retiring at 55 is a good financial planning and retirement planning decision. What is the Rule of 55? The Rule of 55 allows someone with a 401k to use that 401k for retirement income between the ages of 55 and 59 without paying a 10% penalty. In order to use the rule of 55, you must be turning 55 in the year you leave your job and you must use your current 401k for retirement income. If you are younger than 55 or you use an old 401k or IRA for retirement income before 59.5, you will pay a 10% penalty. Retirement income strategies and retirement income planning are two big pieces to anyones r

5 Benefits To A Roth IRA #shorts #retirement #financialfreedom 5 Benefits to Investing In A Roth IRA 1. Tax Free Retirement Income 2. Tax Free Investments Growth 3. Continued Contributions (This is $6,500 for 2023) 4. Access to Contributions before age 59.5 5. No Required Minimum Distribution **Free Retirement Download: The Roadmap to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for " retirement planning at 30", " retirement planning at 40", " retirement planning at 50", or even " retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement investment and retirement income plan for individuals and families who are wanting to reti

Retirement Strategy at 60 with $1,500,000 || Protecting Retirement Savings In this livestream we are going to look at a 60 year old couple asking the question, "Can I Retire" and wanting to do retirement planning at 60. We are also going to look at 3 specific retirement strategies: Can I Retire now, Roth IRA Conversion strategy, & How to protect Retirement savings. **Free Retirement Download: The Roadmap to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement planning calculator. Whether you are wanting to know strategies for "retirement planning at 30", "retirement planning at 40", "retirement planning at 50", or even "retirement planning at 60" understanding how much retirement income that you want versus how much you need gives you a roadmap to follow to and through retirement. Here at Pearl Wealth Group, we run a trademarked retirement

In this podcast episode Mat and Mark discuss how to transfer or rollover your IRA, 401(K), Coverdell, and HSA. Learn how to unlock your retirement account and invest in what you know with a Self-Directed IRA or 401(k). Also, check out: Can I rollover or transfer my existing retirement account to a self-directed IRA? Visit www.directedira.com/podcast for more episodes. ---- Leave your questions in the comment section below! 🔊 Found this video helpful? Click the Like bottom & share with others. Subscribe to my channel and click the 🔔 icon for notifications when I post a new video. ----- Open a New Self-Directed IRA account now To submit your questions, listen, search for prior episodes, or sign up for their Weekly Free Newsletter, visit ---- Learn how to take control of your retirement with Mat’s resources: - The Self-Directed IRA Handbook: - Total SDIRA Bundle: - The Self-Directed IRA Handbook Video Series: - Self-Directed IRA Summit Video Series: