Timothy Sumer

Welcome to Season 3, Episode 1 of the Real Estate Nerds Podcast! In this episode titled "Self-Directed Tax Sheltered Profits" with Amanda Holbrook, we're here to help you unlock the potential for self-directed tax-sheltered profits and take control of your financial future. Are you satisfied with the returns your retirement account is currently earning? It's time to break free from intermediaries and explore the opportunities that self-directed accounts have to offer. ✨ Self-directed accounts empower you to accelerate the growth of your nest egg through tax-sheltered profits. ✨ Discover the secrets of generating capital for tax-free investing, allowing your financial journey to be fueled by tax-free profits that can supercharge your wealth-building efforts. ✨ Learn how to harness the power of this strategy to bring family members together in creating generational wealth and building a lasting legacy. ✨ Find out which retirement accounts qualify ...

Like what you hear in the video? Here are some ways I can help: 1. Watch my free training on how to protect & grow your wealth in retirement: 2. Schedule a call to work with me: CONNECT WITH JOHN: Call John The Guaranteed Retirement Guy: 702-819-0895 Website: Email: john@johnstevenson.com Facebook: Instagram: Twitter: Tiktok: #annuity #guaranteedincome #pension Are you approaching retirement and wondering how to secure a steady income stream that will last throughout your golden years? Buying a pension annuity might be the answer you’ve been seeking. In this video, we’ll guide you through the world of pension annuities, helping you understand the different types, assess your retirement needs, and navigate the process of buying one. Why rely on only one pension? Pension annuities provide an additional secure source of income throughout retirement and are an attractive option due to their stability and protection against longevity risk. - Consult with an a...

Are you a new retiree facing a back tax debt you can't pay in full today? Book a call with me at Retirement and taxes can be complicated but they don't have to be. As you enter into the next chapter of life don't take tax problems with you. In this video, I walk you through what a form W-4P is and why it is important to have it properly filled out when you begin taking payments from your pensions, annuities, and other retirement accounts. If you have a tax debt under $20,000 you qualify for a guaranteed payment plan with the IRS. Qualified taxpayers can pay the debt off within 36-72 months, have all tax returns filed, and have their withholding correct(ed). If that's you check out my e-book: Guaranteed Payment Plan. I'll walk you through how to set up your payment arrangement online or on the phone. If you have more questions about retirement income and taxes check out Episode 13 of the Tax Relief with Timalyn Bowens podcast: Retirement and Taxe...

Single people can and do retire comfortably. Many of the retirement planning concepts are the same as they are for couples, but it’s wise for singles planning for retirement to pay extra attention to long-term care and other topics. Please note that I try to continually improve content on this topic, and my latest information is at 🙋 Do you have suggestions for how singles can plan for retirement and long-term care? Please share in the comments below or send me an email! With Social Security or a pension, you get a base of income. If that’s not sufficient to cover your after-tax spending needs, you typically supplement that income by spending from your retirement savings—your 401(k), 403(b), IRAs, etc. Most people don’t “live off the interest.” Instead, they spend down their assets, so it’s important to have a robust investing and income plan that accounts for taxes, inflation, unpredictable markets, and other surprises. See the most important aspects of re...

A Social Security bridging strategy involves spending from your assets after you stop working instead of taking your retirement benefit immediately. There are pros and cons of this approach, but the benefits can be substantial. In particular, you might: ☑️ Maximize your retirement income ☑️ Reduce risk over the long term ☑️ Open the door to tax strategies ☑️ Possibly help improve things for a surviving spouse ☑️ And more But there are no guarantees in life, and there are always tradeoffs. That’s true with a Social Security bridge, as well. For instance, you might be hesitant to spend down your assets while you wait. That’s understandable. And delaying benefits isn’t right for everybody. Whether you have health issues or you just want the income sooner than later, it could be appropriate to take benefits early. Get free retirement planning resources: 🔑 9 Keys to retirement planning 🐢 6...

Roth IRA Conversion EXPLAINED in 3 Minutes! 🚨 (Roth Conversion Strategies for tax free growth) 🔍 What is a Roth IRA Conversion? A Roth IRA conversion is a process where you move funds from a Traditional IRA or a 401(k) into a Roth IRA. Unlike Traditional IRAs, Roth IRAs offer tax-free withdrawals during retirement, making them a powerful tool for tax planning. While conversions trigger immediate taxes, the long-term benefits can be substantial. 💡 📈 The Power of Tax Diversification By converting a portion of your retirement savings to a Roth IRA, you create tax diversification. This means having money in both pre-tax and after-tax accounts, giving you flexibility in managing your tax liability during retirement. It's like having different buckets to draw from, providing more control over your finances. 🚀 ⏰ Timing Matters The decision to convert depends on various factors, including your current and expected fut...

We look at income flooring using a bond ladder. We learn about a variety of strategies including using government bonds, using SPLITs, and using SPLITs of TIPs.... ( read more ) LEARN MORE ABOUT: Treasury Inflation Protected Securities REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing How to Build an Income Floor with Bonds When it comes to investing, one of the primary goals for many individuals is to create a steady income stream. Investors often seek options that can provide a reliable source of income, especially during times of market volatility. Bonds are an excellent choice for building an income floor, as they offer relatively low risk and a fixed income stream to investors. In this article, we will explore how to effectively build an income floor with bonds. 1. Understand the Basics of Bond Investing: Before diving into building an income floor, it is crucial to ...

SUBSCRIBE for more on law YOU need to know!! - CLICK HERE: ***************************************** 401k vs IRA DO YOU NEED A MONEY ADVISOR? Contact #1 Wealth Management Advisor RICH SCHUETTE HERE: Welcome to today's "Heart of the Matter" YOUTUBE LIVE STREAM video on the differences between a 401K and traditional IRA. How you ever struggled with what vehicles to put your retirement savings in? If so, Financial Mastermind, Rich Schuette of AVALAN WEALTH, will provide you with concrete steps to identifying the correct funds to put retirement dollars in and increase the values of the funds substantially. After watching the video, please comment below. I would love to hear from you about any questions or comments you had on financial investment, 401ks, IRAs, Roth IRAs, or any other investment vehicles you are contemplating. And also please say "Hi!" on Social Media: Twitter: Instagram: Facebook: LinkedIn: The content of this YouTube ...

We learn how to apply the RMD rules when an individual has multiple accounts.... ( 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 What Are the Aggregation Rules That Apply When an Individual Has More Than One IRA? Individual Retirement Accounts (IRAs) are popular investment vehicles that offer tax advantages for saving for retirement. Many individuals choose to have more than one IRA to diversify their investments or take advantage of different tax benefits. However, when it comes to reporting and aggregating these accounts, certain rules apply to ensure compliance with the Internal Revenue Service (IRS) regulations. The aggregation rules come into play when an individual owns multiple IRAs. These rules are essential to accurately calculate tax liabilities and determine the required minimum distributions (RMDs) from the accounts. Here are the k...

- In this informative video, we delve into the world of Individual Retirement Accounts (IRA) and provide you with a comprehensive guide to help you understand this crucial aspect of retirement planning . Whether you're just starting your career or approaching retirement, knowing about IRAs and their benefits is essential for securing a financially stable future. Please subscribe and like. Thanks!... ( 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 An Individual retirement account (IRA) is a type of retirement savings account that offers tax advantages to individuals in the United States. It allows individuals to save and invest for retirement, providing them with financial security during their golden years. With various types of IRAs available, individuals can choose the one that suits their financial goals and circumstances. The prim...

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Can I retire in 2 years with what I have? What happens if I run out of income before I run out of life? Will my spouse be okay? In this study, we'll take a look at being 60 and married with $1,200,000 in your 401(k). Can you retire in 2 years? 0:26 Introduction 1:16 Case Study 2:05 Industry vs Us (Blue Ridge Wealth) 3:58 Plan for Everything 4:26 Objectives/Concerns 5:37 Income 7:43 Investments 8:16 Future Value Calculator 11:24 Taxes 12:40 Tax Brackets 15:00 Healthcare 15:46 Family/Legacy 18:02 Summary 18:35 Mind the GAP 19:42 Growth 20:19 Access 21:28 Protection 22:45 Fund Distribution 24:46 Conclusion 26:11 Outro A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit Lea...

Are you interested in securing your future through smart investments? Look no further than Roth IRA – a tax-advantaged retirement account that allows you to grow your savings tax-free! In this video, we will guide you through the process of investing in a Roth IRA, from understanding its benefits and eligibility requirements to selecting the right investment options. Join us on this financial journey and learn how to make the most of your retirement savings with Roth IRA. Dear valued viewer, We extend our heartfelt gratitude to you for watching our videos! Your support means the world to us. We kindly request you to consider liking, subscribing, and sharing our content. Your engagement helps us reach a wider audience and encourages us to continue creating more exciting videos for you to enjoy. For your convenience, we have included a link below where you can find more captivating content. Simply click on it, and we assure you a delightful experience awaits you. YOUTU...

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 ver...