Timothy Sumer

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

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 69 and retired with $1,600,000 in your 401(k). Should you convert to a Roth IRA? 0:25 Introduction 0:58 Case Study 1:05 Plan for Everything 1:40 Current Situation 2:17 Disclaimer 2:54 Roth Conversions 4:30 401(k) vs Roth IRA 9:42 Tax Brackets 11:17 Impact of RMDs 12:10 Starting Distribution Tax 13:11 How Much to Convert? 13:38 Medicare Part B 14:35 Conclusion 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 Learn more by visiting our website: #incomeplanning #retirementplanning #retirementin

Don't make a HUGE mistake choosing the TSP Default Annuity. There are many things to know that no one is going to tell you. These mistakes can cost you thousands. Protect yourself, your money, your family, and your future. Call (630) 834-3794... ( 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 similar to a 401(k) plan in the private sector. One of the options for receiving retirement benefits from the TSP is through the Retirement Default Annuity, which is a fixed payment made to the retiree on a monthly basis for the rest of their life. While the Retirement Default Annuity may seem like a secure and guaranteed source of income in retirement, it has some drawbacks that retirees need to be aware

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 64, single, and retired with $1,800,000 in your 401(k). Should you convert to a Roth IRA? 0:21 Introduction 1:58 Disclaimer 2:14 Case Study 2:25 Plan for Everything 2:48 Current Situation 3:25 Roth Conversions 4:32 401(k) vs Roth IRA 8:43 Tax Brackets 10:10 Impact of RMDs 11:11 Starting Distribution Tax 11:56 How Much to Convert? 12:14 Medicare Part B and D 13:04 Conclusion 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 Learn more by visiting our website: #incomeplanning #retirementplannin

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

Withdrawal Strategies in Retirement - In this video, we'll be discussing Withdrawal Strategies in Retirement, which is a crucial aspect of retirement planning . Retirement is a time where you'll need to rely on your retirement income to support yourself. Therefore, it's important to have a solid retirement withdrawal strategy in place to ensure that you can retire comfortably and securely. We'll be covering a variety of topics related to retirement withdrawal strategies, including retirement investing, tax efficient withdrawal strategies, retirement income strategies, and more. Whether you're planning retirement at 50, 55, or 60, this video will provide valuable insights and tips to help you plan for retirement. In addition, we'll also be sharing a retirement checklist to help you ensure that you've covered all the bases when it comes to planning for retirement. We understand that retirement planning can be overwhelming, but we're here to help

Television, Facebook, Instagram, TikTok, your friendly neighborhood plumber, they're ALL the best news sources...we wouldn't want to disagree with you. All we're asking is, can you trust EVERYTHING they've told you about annuities? Stick around to hear Tom run through some questions you might want to ask before believe that annuities are your mortal enemy... #investmentplanning #financialeducation #retirementplanning #easeintoretirement #mosleywealthmanagement Don’t spend more time wondering about whether you’re ready to retire. Prepare now, so you can look forward to the years ahead with confidence. Seize the moment. Seize your retirement. Call us at 714-421-4288 to take the first step, or contact us through our website, ________________________________________ At Mosley Wealth Management, we believe everyone should be able to live the retirement they’ve always wanted. Your financial situation is different than that of your parents, your neighbors and

If you do these 3 things before retirement, life will be much easier when it's time to quit. //SUBSCRIBE Subscribe to our YouTube Channel: //CONNECT Website: Facebook: Instagram: TikTok: // SCHEDULE Book a Phone Call or Zoom Meeting: #retirementplanning #retirement #retirementincome #retirementplanningat50 #investing #investingtips #savings #investment #annuity #wealth #time #earnmoney #lifetime #finance #financialfreedom #financialadvisor #advice #socialsecurity #goals #protection #protectionusa... ( 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 is something that people generally look forward to, the idea of relaxing and enjoying the fruits of years of hard work is quite enticing. However, despite being a popular subject, it still remains a mystery to many people. A lot of people often und

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 61 and working with $3,000,000 in your 401(k). Should you convert to a Roth IRA? 0:24 Introduction 1:25 Disclaimer 2:04 Case Study 2:21 Plan for Everything 2:50 Current Situation 4:07 Roth Conversions 7:13 Income Now & Income at 65 8:48 Income at 70 9:10 Impact of RMDs 11:44 401(k) vs Roth IRA 16:18 Tax Brackets 18:06 Starting Distribution Tax 20:09 How Much to Convert 21:26 Net Investment Income Tax 22:15 Medicare Part B & D 23:31 Conclusion 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 vi

Are you planning for retirement and wondering if you can use your TSP or other qualified retirement savings to fund a private pension? While there are benefits to doing so, such as increased flexibility and control over your finances, there are also risks involved, including penalties and taxes for early withdrawals. In this video, we explore the benefits and risks of using TSP and other qualified retirement savings to fund a private pension, as well as strategies for determining the right approach for your unique situation. At US VetWealth, we're here to help you make informed decisions about your retirement and achieve a comfortable and secure post-military life. Don't wait until it's too late – Schedule a Call today and start planning for your future. And don't forget to subscribe to our channel for more helpful resources and advice! ----------------------------------------------------------------------------- Unlock the full potential of your retirem

There is one loophole remaining in Social Security where a surviving spouse can collect one benefit and continue to let the other benefit grow. When you are entitled to a benefit for yourself and your late spouse's working record, make sure you get the most from Social Security. LADIES: Join my online community = ====================== My industry is so regulated that I’m not able to answer comments here. Have a clarifying question? Facebook message us: Want to get started working with me? In the meantime – like & subscribe if you like what you see. ====================== Obligatory disclaimers: Securities offered through Kestra Investment Services, LLC (Kestra IS), Member FINRA/SIPC. Investment Advisory services offered through Kestra Advisory Services LLC (Kestra AS) an affiliate of KestraIS. Pleasant Wealth, LLC is not affiliated with Kestra IS or Kestra AS.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA

Which accounts should you access first for income in retirement? A good retirement income plan can make or break your retirement. Retirement distribution planning is more complex than saving for retirement. Lane's Book The Holistic retirement planning Revolution GET YOUR OWN PROFESSIONAL Social Security Analysis and Strategy Report: Contact Us ... ( 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 As you approach retirement, it becomes essential to figure out how you will sustain your lifestyle without a regular paycheck. One of the most important questions that arise then is which accounts you should withdraw funds from first in retirement. It is a crucial decision because your withdrawals determine your taxable income, and impacts your social security taxability and eligibility for other government benefits. Here are some guideli

According to the Committee for a Responsible Federal Budget, inflation is currently surging at the fastest rate in over 40 years. The 2022 Consumer Price Index (CPI) is up over 8% from 2021. Annuities mitigate risk from market declines and provide inflation protection for retirement savings.... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing If you are planning on investing in an annuity or currently own one, it is important to understand the concept of inflation protection. An annuity is a financial product that provides a guaranteed income stream for a certain period, typically for the rest of your life. However, the value of the income stream can be eroded over time due to inflation, which is the rise in the price of goods and services over time. Inflation protection is a feature of some annuities that increases the inco

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

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