Timothy Sumer

retirement planning is the process of preparing for retirement, which is the period of life when a person stops working and relies on savings and investments to support themselves. retirement planning involves several key steps, including setting retirement goals, estimating retirement expenses, determining retirement income sources, and creating a savings plan to fund retirement. One of the first steps in retirement planning is setting retirement goals. This involves thinking about what you want to do in retirement, such as travel, pursue hobbies, or spend time with family. Setting retirement goals helps you determine how much money you will need to save for retirement. Estimating retirement expenses is another important step in retirement planning . This involves identifying your expected living expenses in retirement, such as housing, food, transportation, and healthcare. It is important to consider both fixed expenses, which are consistent from month to month, and va

In this video I go over the top three mistakes people are making in their government retirement accounts and how to avoid them.... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Thrift Savings Plan (TSP) is a retirement savings plan for Federal employees and members of the military. It is a valuable tool for retirement planning, but like any investment vehicle, mistakes can be made. Here are the top three mistakes made in the TSP: 1. Not Contributing Enough One of the biggest mistakes in the TSP is not contributing enough to the plan. The TSP offers several types of contributions, including traditional pre-tax, Roth after-tax, and catch-up contributions for those over 50. It is crucial to maximize these contributions to take full advantage of the plan's benefits. Many employees contribute only the minimum req

Amiti Advising founder, Tony Aguilar, discusses the difference between a traditional IRA and a Roth IRA and what is better for young professionals and college students.... ( 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 When it comes to saving for retirement, there are several options available, including traditional Individual Retirement Accounts (IRAs) and Roth IRAs. While they share similarities in terms of eligibility and contribution limits, there are significant differences between these two types of accounts that can have a major impact on retirement income. The primary difference between a traditional IRA and a Roth IRA is the timing of the tax benefits. Traditional IRAs offer a tax deduction on contributions made, whereas Roth IRAs offer tax-free withdrawals in retirement. With a traditional IRA, contributions are made with pre-t

Here’s a FULL step-by-step guide on EXACTLY how you can become a Tax-Free Millionaire in 2023, simply by opening up and investing within a Roth IRA! Enjoy! ⟶ SUBSCRIBE to the channel so you don't miss out on important uploads ⟶ The Gear I Use to Create my Videos: Lights: Camera: Audio: ⟶ FOLLOW MY SOCIALS Instagram: Twitter: Timeline: 00:00 ~ Intro 00:23 ~ What To Expect In This Video 00:47 ~ Roth IRA Explained 01:51 ~ Roth Is Just An Account 02:30 ~ How Money Is Taxed 03:18 ~ Why Most American's Don't Have One 03:42 ~ No RMD's 04:02 ~ RMD's Explained 05:09 ~ Retirement Age 05:42 ~ Penalties 07:01 ~ Contribution Limits 08:54 ~ Brokerages 09:37 ~ Opening The Account 10:47 ~ Index Funds 12:46 ~ $135 To $1,150,000 *The information in this video is not meant to be financial advice, this is for entertainment purposes only. The content in this video is accurate as of the upload date, but may not be accurate in the future. Certain links abo

Do you know which IRA account is right for you? Roth or Traditional? In this video, I will be discussing the differences between a Roth and Traditional IRA. These 2 different types of IRAs come with their own features and their own limitations. To pick which type of IRA to open can be complicated but don’t worry because I will show you everything you need to know about the 2 most common types of IRAs so you can know which account is right for you and your retirement. This video will teach you about contributions, taxes, and withdrawals in a Roth and Traditional IRA. DISCLAIMER: I am not a licensed financial advisor. The topics and ideas presented in this video is for educational and entertainment purposes only. This information should not be construed as financial advice. You should always do your own research.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALE

Ep. 80 of the Mullooly Asset Show, Tom talks about what a Stretch IRA is, and what to do if you're named as a beneficiary on a retirement account . Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the "Mullooly Asset Show," Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site The "Mullooly Asset Show" is a new chapter in furthering the education of investors young and old. We answer questions and cover topics that YOU bring up. Our topics and questions range from those brought up by clients to those sent in by our viewers. Get in touch with us here: Website: Facebook: www.facebook.com/MulloolyAsset Twitter: LinkedIn: Email: support@mullooly.net None of the content on our video

So, what is a Traditional IRA? We've heard the term thrown around but in this video we dive into the details of what it actually is! Pounding your investments as often as you can is the name of the game. ---- Checkout my Get Out of Debt Like a Maniac Course: Use Promo Code: "TheNNShow30" for 30% Off the Get Out of Debt Like a Maniac Course! Shop Merch and All My Equipment (Books, Cameras, Mics, etc.) Here: My Set Up (Affiliate Links): Camera: Microphone: Microphone Accessories: SD Card: Everything in one place: About Nickolas Natali: After living in a car for two years I’ve gotten keen on listening to and telling good stories. My channel is full of vlogs of the Burb Life, my travels abroad, and big life events of my friends and myself. The future of the channel looks bright with a forecast of comedy commentary and sketches. I upload every Monday, Wednesday, & Friday at 5PM and release a new episode of my life strategies podcast ‘The Nicko

#退休基金 #401K #退休金 #Target Retirement Fund Target retirement funds也就是所谓的目标退休基金, 到底是什么？回报率怎么样，这么多不同年份的退休基金，他们的区别是什么，最后咱们再来聊聊target retirement fund都有什么样的优缺点，对于我们的一般投资者，上班族，是应该自己选基金，还是买这种target retirement fund。 🔔点击关注+订阅+打开小铃铛 ➡️ 收看更多分享🔔 ----------------------------- 免责声明： 视频内的观点仅是个人的投资感悟， 不作为任何人或机构的投资建议！ 任何投资均有风险，投资需谨慎！... ( 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 Target Retirement Fund (TRF) is a type of mutual fund that is designed to provide investors with a pre-determined asset allocation based on the year in which they plan to retire. The fund is commonly used in retirement plans such as 401(k)s and 403(b)s, as it simplifies the investment process for investors. The TRF is an ideal investment option for investors who don’t have the time or knowledge to actively manage their retirement portfolio. With a TRF, inv

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:

Roth IRA Explained || A Simple Explanation of the Roth IRA || What Is A Roth IRA What is a Roth IRA? A Roth IRA is a special IRA where you pay taxes on the dollars you invest for retirement but all future retirement withdrawal's for retirement income are tax free. Benefits to a Roth IRA are no required minimum distributions and tax free inheritance to anyone who inherits your Roth IRA. A Roth IRA has income limits and contribution limits. The Roth IRA income limit doesn't allow individuals or families to contribute to a Roth IRA. If their modified adjusted gross income is over a certain limit. In the same way, Roth IRA contribution limits only allow those individuals who qualify to contribute a certain amount of retirement dollars on a yearly basis. All contributions to a Roth IRA must follow a five-year rule before withdrawing any earnings from your Roth IRA. Inside of a Roth IRA, or a variety of investment options. You can invest in mutual funds, stocks,

retirement planning is the process of preparing for retirement, which is the period of life when a person stops working and relies on savings and investments to support themselves. retirement planning involves several key steps, including setting retirement goals, estimating retirement expenses, determining retirement income sources, and creating a savings plan to fund retirement. One of the first steps in retirement planning is setting retirement goals. This involves thinking about what you want to do in retirement, such as travel, pursue hobbies, or spend time with family. Setting retirement goals helps you determine how much money you will need to save for retirement. Estimating retirement expenses is another important step in retirement planning . This involves identifying your expected living expenses in retirement, such as housing, food, transportation, and healthcare. It is important to consider both fixed expenses, which are consistent from month to month, and va

In addition to other coronavirus-related relief, the CARES Act impacts retirement account owners' required minimum distributions, penalties on withdrawals and IRA contribution deadlines. Learn more at www.mtrustcompany.com.... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, provides significant relief to individuals and businesses affected by the COVID-19 pandemic. The CARES Act also includes provisions that impact Individual Retirement Accounts (IRAs) and other retirement plans. Here are some of the ways the CARES Act impacts IRAs and Retirement Plans. Waiver of Required Minimum Distributions (RMDs) The CARES Act temporarily waives the requirement for individuals over the age of 72 (or who turned 70 ½ before J

Most financial advisors are general practitioners. They don't specialize in retirement. We find that this leads them to accepting and recommending generally accepted advice. While this general advice may be good for some, it certainly isn't appropriate for everyone. retirement planning is a dynamic, fluid process. What's good today, may not be good tomorrow. As times change, your advisors advice should change as well. We find that this isn't the case and too often the same advice is given to clients that was made sense 15 years ago, but is out of date today. This video explores one of the biggest mistakes we constantly hear from new clients that their previous advisor had told them. We when do the analysis, and show them the math, they are shocked that such reputable firms would give such bad advice for their situation. It's not that they are bad people, it's just that they are general practitioners and don't specialize in retirement. Often

Roth IRA vs Traditional IRA. In this video I will be breaking down the similarities and differences between these two retirement accounts. But most importantly remember, be someone that makes you happy. Follow me on: Instagram - Jaz.minBautista For Business Inquires, you can reach me at jazfireflyy830@gmail.com DISCLAIMER: I am not a financial advisor. The ideas presented in this video are personal opinions and for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make. Please be safe and careful.... ( 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 retirement planning is a critical aspect of securing your future financial independence. One of the most critical choices you can make while planning your retirement is deciding on the best IRA (Individual retirement account ) to invest i

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