Timothy Sumer

In this video I cover the highlights of the recent changes announced for the Social Security program beginning in 2024. Resources mentioned in the video: →Social Security Cheat Sheet →My video “How Social Security Retirement Benefits Are Calculated [3 Easy Steps]” →My video “Working While Receiving Social Security (The New 2024 Rules)” 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings last longer and reduce your taxes by coordinating your Social Security filing strategy, retirement account withdrawals, and Roth conversions. 📞Schedule your call and see if this plan is a fit for you. 🎤 If you're preparing for retirement or already enjoying it, you'll definitely want to catch my podcast, Big Picture Ret

A 401(k) loan can provide money when you need it, but it’s important to know how the process works. Each employer is different, so a first step is to verify that your job offers 401(k) loans, and you also need to know exactly how much money you have access to. This video covers the rules and logistics of borrowing from a 401(k) plan. You’ll understand how to get a 401(k) loan and what to expect when it comes to repaying your loan. We also review some costs and risks, including interest costs and potential opportunity cost. But perhaps the biggest risk for some people is needing to repay the loan when you leave your job. You can typically borrow up to $50,000 or 50% of your “vested” loan balance (see what vesting means here: That can be straightforward or complicated, depending on what types of money you have in your 401(k) and any loans you’ve taken in the past. Borrowers don’t need to qualify based on a credit score, and you typically repay 401(k) loans over five years.

Embark on the journey to a secure and wealthy retirement by mastering the basics of Roth IRA in this informative and engaging YouTube Short! Learn the essentials of this powerful retirement savings vehicle, from its tax advantages to contribution limits, and understand how it can play a pivotal role in your long-term financial planning. Discover the key differences between a Roth IRA and a Traditional IRA, and find out which one best suits your unique financial goals. Unveil the secrets to making the most of your Roth IRA and ensuring a comfortable and financially independent retirement. Don't miss the opportunity to take charge of your financial future! Watch this video now and unlock the power of Roth IRA for a retirement full of abundance and security! 💰🌟🏦 #RothIRABasics #SecureRetirement #WealthyRetirement... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVE

An annuity is a contract with an insurance company. Annuities have one feature in common, and it makes annuities different from other financial products. With an annuity, the insurance company promises to pay you an income on a regular basis for a period of time you choose – including the rest of your life.  #retirementplanning #retirement #inheritance #babyboomer... ( 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 Annuities are financial investments that offer regular income payments over a specified period of time. They are often used as a tool for retirement planning, providing a steady stream of income to individuals during their golden years. Annuities are sold by insurance companies and can be customized to meet individual needs and goals. At its core, an annuity is a contract between an individual and an i

Here's another quick tip from Andrew Rosen, President of Diversified, LLC. There’s still time to make backdoor Roth contributions this year. For more quick tips: Visit our website for more information: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Quick tip! There’s still time to make backdoor Roth contributions this year. If you haven't made your Roth IRA contributions for this year, don't worry! There is still time to take advantage of a backdoor Roth contribution before the year ends. Let's dive into what this means and how you can benefit from it. Firstly, let's understand what a backdoor Roth contribution is. A Roth IRA is an individual retirement account that allows you to contribute after-tax dollars, meaning that you won't be taxed on the withdrawals in retirement. However, there are income limits

Which IRA is best. Beyond the basics: A comprehensive guide to understanding often overlooked tax strategies between a Traditional IRA and a Roth IRA. Learn the differences between Traditional IRAs and Roth IRAs, discover advanced tax strategies for individual retirement accounts that can potentially minimize taxable income and shield you from capital gains taxes. Understand how your IRA choice can impact your Social Security taxes. Weigh the advantages and disadvantages between the two accounts. Make a more informed choice for your retirement and wealth-building strategies. Learn which IRA is best and why the Roth IRA is so great. ✅ SUBSCRIBE SUBSCRIBE SUBSCRIBE ✅ #retirement #retirementplanning #rothira #personalfinance #financialfreedom Timestamps: 0:00 Intro 0:55 Examples Comparing Taxes 6:32 Contribution Limits 7:00 Doing Both? 7:18 IRA Tax Strategies 13:35 IRA Restrictions 15:19 Withdrawing IRA Funds 16:20 Distribution Rules 16:47 Future Taxes 17:42 Recom

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 How to Handle a Stock Market Meltdown The stock market is known for its ups and downs, and occasionally, it can experience severe downturns, known as stock market meltdowns. These meltdowns can be unsettling for investors, causing panic and uncertainty. However, it's crucial to remain calm and follow a strategic approach to handle a stock market meltdown effectively. Here are some tips to help you navigate these challen

Join Corey Stackhouse as he dives deep into the world of Health Savings Accounts (HSAs). Discover the benefits, tax advantages, and unique ways you can leverage your HSA for future financial well-being. 📌 Important Note: Always consult with your trusted financial advisor, CPA, or legal counsel before making any decisions. Every individual's financial situation is unique. 👍 Support Our Channel: If you find value in our content, please give us a thumbs up, share with others, and don't forget to subscribe for weekly insights into the world of finance! For personalized financial planning and tax advice, reach out to us. Contact details are below: Corey M Stackhouse, CFP® Financial Advisor | Insurance Agent ​| Owner www.stackenterprises.com 516 S. Ohio Ave - Sedalia, MO 65301 (660)570-4114 (Call or Text!) Stack Enterprises is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitatio

#shorts Do NOT Fall for This! | 401k is a SCAM @TheRamseyShow Subscribe: Sam Primm AKA SamFasterFreedom is a real estate investor and entrepreneur. He currently owns $42 million in real estate but by the time you are reading this it is probably higher. Sam also owns a real estate flipping company that will flip over 250 houses this year. This channel is for you if you want to learn about real estate investing, wealth creation and financial freedom. From beginner mistakes in real estate investing to BRRR method strategies and more, this channel will teach you how to use property investing to build your wealth. Learn More: Subscribe for new weekly videos: Watch these next: 👉BRRRR Method Beginner Guide 101 👉My First Rental Property 👉How I Bought a Neighborhood Free Rental Training : How to start building and amazing rental portfolio without using and of your own money! 💸 Also, info on my mentorship! - Perfect for Leveling Up Let’s Connect... TikTok: IG

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 retiring as a

Retirement The Biggest Life Changing Event Of your life, are you retiring in 2024, here are 4 questions you need to answer to ensure a smooth worry free retirement without fear. #retireearly #retirement #retirementmistakes #earlyretirement 🌏 Take advantage of this exclusive offer from NordVPN here ➼ Risk-free with NordVPN's 30-day money-back guarantee! #retirement #retireearly We are members of the Amazon affiliate program, these links contain a referral code where we earn a small commission on your order, you do not pay any extra at Amazon by using our referral link. Thanks for supporting our channel. Our Favourite Amazon finds USB Data Blocker Tina’s Magnetic Bracelet Smart Watch America Air Fryer America 2 Step Verification Key Powerbank Canon Lens Smart Wallet For Travel Our filming equipment for YouTube contain Amazon Affiliate links Camera Camera Lens Studio Lights Light Modifier Light Modifier Microphone Selfie Stick ✅

While we often focus on tax-efficient withdrawals, it's just as important to consider the tax implications of your savings plan throughout your lifetime. The question we all face at some point is whether we should prioritize tax savings today or in the future. In this video we walk through how to analyze the trade-offs and figure out which savings bucket can give you the most tax-efficient outcome. We'll focus on the decision between contributing to a pretax 401(k) or a Roth 401(k) and break down the pros and cons of each. By the end of this video, you'll have a better understanding of how to make the right choice for your unique financial situation and goals. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings l

Today on Your Money, Your Wealth® podcast 397, a compilation of some of the retirement plan spitballing from Joe Anderson, CFP®, and Big Al Clopine, CPA specifically for those in their 40s and 50s - a critical time on the path to retirement. Is your financial plan set up so you pay as little tax as possible? Does it take volatile markets and potential future tax increases into account? Have you got a strategy nailed down for Roth conversions, or backdoor Roth, or pension options? Maybe you’re making big decisions about what to do with your money between now and when you retire, like buying a house vs. saving for retirement? Are you comfortable with the retirement lifestyle you’re creating? Do you know what you’ll do with your time once you’re permanently off the clock? Visit the podcast show notes to access free financial resources and transcript, and to Ask Joe & Big Al On Air: 00:00 - Intro 01:13 - Should I Get a Roth IRA Even Though I'm Highly Taxed? (Laura, Los