Timothy Sumer

The Average 401k Balance By Age and How Much You Should Be Saving NOW | Investing with Chris Naugle // Have you ever wondered how much your 401k savings compares to what other people of your age are doing? How much should you actually be saving in your 401K? Watch this video to learn how much the average person is saving in their 401K and if it is enough to retire on. Next, watch Can I Use My retirement account to Fund My Private Bank? :::::::::::::::::::::::::::::::::::::::::::::: Stay Connected These Other Ways: INSTAGRAM: FREE WEEKLY WEDNESDAY WEBINARS: GET CHRIS' BOOK: 00:00 How Much You Should Be Saving NOW 00:49 Not many people will be able to retire based on average 401k balance 06:03 How much do you need saved? 08:30 Why do people fail? 10:03 Take advantage of the match #401k #retirementplanning #Cashflow #banking #money #creativefinance The material shared in this webinar has been prepared for informational purposes only, and is not int...

People currently in their 20s are likely facing a 60-year career because of longevity and rising living costs. In the second episode of our series, we explore the importance of beginning the retirement-saving process early, and how accounts like a 401(k) and an IRA can help people maximize their saving efforts. Your Money Briefing WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes. For more episodes of WSJ's Your Money Briefing: #Retirement #401k #WSJ... ( 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 As people continue to live longer and healthier lives, the concept of retirement is taking on a whole new meaning. While it used to be that retirement meant stopping work completely and r...

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Can I Retire? 🌴 A Comprehensive Guide to Retirement Income Strategies Are you envisioning a future of relaxation, exploration, and new adventures in retirement? 🏖️🌄 Making the transition from a successful career to a fulfilling retirement requires careful planning and a solid understanding of various retirement income strategies. That's why I'm thrilled to share with you this comprehensive retirement guide to help you confidently answer the question, "Can I retire?" 📚 In this guide, we'll delve into a range of retirement income strategies that can help you maintain your desired retirement lifestyle while enjoying the fruits of your labor. From traditional options like Social Security and pensions to more modern approaches such as investments and passive income streams, we'll cover it all. 💰 Key Topics Covered: Know Your Numbers: Understand your current financial situation, including s...

Let me show you how easy it is to open a Roth IRA with Vanguard! Happy Investing and let’s retire early!... ( 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 How To Open A Roth IRA with Vanguard Saving for retirement is a crucial aspect of financial planning, and one of the best ways to achieve this is through a Roth IRA. A Roth IRA offers many advantages, including tax-free growth and tax-free withdrawals in retirement. With a wide range of investment options, Vanguard is a popular choice for opening a Roth IRA. In this article, we will guide you through the steps of opening a Roth IRA with Vanguard, ensuring a smoother path towards your early retirement goals. Step 1: Research and Educate Yourself Before opening a Roth IRA, it is important to understand the fundamental concepts and benefits associated with this retirement account . Educ...

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...

Did you know you can become a millionaire with Thrift Savings Plan (TSP)? In this video, you’ll learn about the individual TSP funds and TSP Lifecycle Funds. Which TSP Funds are the right ones for you? What do you know about the G, F, C, S, and I Funds? I have been investing in… oh wait you’ll have to watch the video to find that out. 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 📷 Additional FIRE Videos 📷 Backdoor Roth IRA - Fat FIRE Roadmaps - Create Generational Wealth - How I save 60% of My Income - 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 ⏰ Table of Contents ⏰ 0:00 Introduction 0:21 Thrift Savings Plan 2:5...

Saving for Retirement which one is better 401k or Roth IRA. Learn more about how stocks work Gear used Microphone Mic stand Mic interface Lights Background music from Epidemic Sound *This video is made for entertainment purposes only and should not be used as financial advice or life coaching advice. I am not a financial advisor. Investing has risks so please be sure to do your own research before making any financial decisions. Links in the description may contain affiliate links and may be subject to a referral bonus. The content in this video is accurate as of the date of posting but may not be accurate in the future.... ( 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 401k Vs Roth IRA: How to Secure a Comfortable Retirement Planning for retirement is a crucial aspect of financial wellbeing. In today's world, individua...

Are you planning to retire or already in retirement? Do you have a strategy for how you plan to take withdrawals from your retirement assets? In this video, I help you develop a retirement withdrawal strategy. Enjoy! Thank you for watching! Please subscribe to our channel if you like the content. retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retirement planning and financial Education! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. The Retirement Time Machine online course! Over 13 hours of instructional video and dozens of forms and worksheets to help you learn How to Optimize Your Financial Resources and Create a More Confident Plan For Your Retirement! Get more infor...

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 th...

In this series I will be maxing out my ROTH IRA and taking everyone on a walk through of my journey. Brokerage: Charles Schwab... ( 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 As a young professional, planning for retirement may seem like a far-off task. However, it's never too early to start thinking about it. In fact, one of the best ways to prepare for retirement is by opening a Roth IRA. A Roth IRA is an individual retirement account that allows you to make after-tax contributions, which then grow tax-free. This means that when you retire and start taking money out, you don't have to worry about paying taxes on it. And the earlier you start contributing, the longer your money has to grow. I recently decided to start maxing out my Roth IRA, which means contributing the maximum amount allowed by the IRS every year. For 2...

Welcome to Talk 2 See! In this video, Barney explains the differences between a Roth and a 401k accounts and how you can use them to easily become a millionaire. Subscribe! Follow us on Instagram (@Talk2See): Follow us on Twitter (@Talk2See): Follow us on TikTok (@Talk2See): If you want to jump around: 00:00-00:21 Intro 00:21-1:11 401k 1:11-1:50 Roth IRA 1:50-2:34 Main Differences 2:34-3:28 How to Become a Millionaire! 3:28-4:08 Final Advice... ( 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 Becoming a millionaire is a dream shared by many people. However, it is not an easy task, and one must be committed and focused on the goal. The good news is that with the right financial planning, anyone can achieve this goal. In this article, we will explore how to become a millionaire with a ROTH IRA and a 401k account . First, let's unde...

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...

Visit my Channel URL for more related videos. Here’s the link: CLICK COMMENTS BELOW TO SEE MORE. My previous vlog, “Why retire and collect social security at 62?” To request copy of EXCEL MODEL, Social Security Benefit Break-even Analysis: To request copy of Social Security Manual on Retirement Benefits: What is your full retirement age (FRA)? Social Security changes in 2022: Spousal benefit calculator: Turbotax Free Edition: A FREE eBook, My Free Catechism, has the following features: 1. It has an imprimatur, which means it is approved by the Catholic Church. 2. It is up-to-date, but written from a conservative, traditionalist standpoint. 3. It is written in question-and-answer format. 4. It is illustrated with plenty of colorful illustrations, which make the book interesting and easier to read. Request your FREE copy here: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: S...