Timothy Sumer

401k rollover strategy to retire at 55 #financialfreedom #retirement #retirementplanning **Free Retirement Download: The Checklist to Retirement:** 📊 **To schedule your virtual retirement and investment consultation with Drew, please select a day & time that works best for you: ☎️ **Enroll In Our Course: Can I Retire: A Foundation To Your Retirement Journey: ** 🖥️ 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

Retire Early With $6,000/month in Retirement Income, How Much Do I Need Saved? In this video I want to talk about how you can save the retirement money you need for the retirement income you want. We are going to discuss a specific retirement strategy that will help you in your retirement planning and financial planning no matter what age you want to retire. There are several ways to retire with a monthly retirement income of $6,000, but the specific retirement strategy will depend on your individual situation. **Free Retirement Download: The Checklist 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 muc

Can I Retire at 55 with $400,000 in Retirement Savings? What about taxes? retirement planning is a crucial aspect of our financial journey, and in this video, we delve into the question many individuals ask themselves: Is it feasible to retire at 55 with $400,000 in retirement savings? We address this query from various angles, taking into account factors such as retirement lifestyle choices, retirement goals, and the impact of taxes on your retirement savings. Join us as we break down the numbers, analyze different retirement scenarios, and provide you with valuable insights to help you make an informed decision for your retirement. We'll discuss the potential challenges and opportunities of retiring early with a relatively modest retirement fund, including the importance of retirement budgeting, retirement investment strategies, and managing retirement expenses during your retirement years. Moreover, we'll shed light on the often-overlooked aspect of taxes

Retire at 55 🙌 || How Much You Need To Retire Early at 55! In this video I want to look at a scenario for someone who wants to retire at 55 and asking the question, how much in retirement savings and retirement investments do I need to retire early? **Free Retirement Download: The Roadmap to Retirement:** 📊 We are going to look at different retirement rules and retirement scenarios that will help you determine your retirement readiness, especially if you are doing retirement planning at 50. 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. He

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

How often have you heard you should take advantage of your 401k max contribution rate? We hear it all the time! Unfortunately 401k plans have been oversold as the suitable replacement for the disappearing pension. The max contribution you can make intro your 401k is almost always far larger than any employer match. So the questions becomes: "what is the optimal way to save for retirement?" Should you max out your 401k? That depends!!! Do you want to retire early? If so, where will your early retirement withdrawals come from? It is possible to make a separation from service distribution at or after age 55, but the request needs to be done correctly to avoid any 10% penalty. Are you a high earner? If so, does making a max contribution to a tax deferred vehicle really make sense? Do you have faith that our government spending will get under control? Tax deferred vehicles have their place, but too much tax deferred money can set you up for a major tax headache

Retire at 55 with 401k Rule of 55 or IRA Rule 72T || Retire at 55 In this video, I want to discuss the 401k Rule of 55 and the IRA Rule of 72T. What is the rule of 55? The rule of 55 allows anyone with a 401k to use their 401k for retirement income if they are terminated, leave their job, or retire in the year they turn 55 or later without incurring a 10% penalty for being under the age of 59.5. If you are wanting to retire at 55 or doing retirement planning at 50 then understanding the rule of 55 and how that correlates to your 401k and retirement income is imperative for your retirement planning . I also want to discuss a 72T. A 72T is a way for someone who wants to retire with an IRA to use their IRA for retirement income and avoid the 10% penalty that comes from an IRA withdrawal under the age of 59 1/2 **Free Retirement Download: The Roadmap to Retirement:** 📊 Retirement income strategies and retirement income planning are two big pieces to anyones retirement p

Roth IRA or 401k, Which is BETTER for Retirement Savings? (Yes, there is a winner!) Roth IRA or 401k? Which is better for saving for retirement and then using it for retirement income? In this video we are going to do a deep dive into what is a 401k, what is a Roth IRA, and which is the BEST for saving for Retirement! **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 famili