Timothy Sumer

"Is it worth contributing to a Roth IRA after 50?" One of the advantages of a Roth is that you can contribute at any age. You can determine the amount you need for retirement and then calculate how much you need to contribute based on the age at which you want to retire. Then you can start contributing. Another amazing thing about the Roth is your ability to make back-door contributions. 📌Save it for later 💯 📌Like, share and comment 👇 👉 Follow @christianiecarty for more Insightful Content 👉 Follow @christianiecarty for more Insightful Content . . . . Hashtags:- #taxadvisor #taxtips #taxplanning #wealthplanning #taxconsultant #financialadvisor #financialplanning #taxes #financialfreedom #financialeducation #incometax #rothira #financialfreedom #retirementplan #wealthbuilding #Iracontributions #retirementplanning #contentcreator #reels... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA T

Seven Social Security Tax Examples GET YOUR OWN PROFESSIONAL Social Security Analysis and Strategy Report: The Earnings Limit explained How Social Security Benefits are Taxed Lane's Financial Planning Firm: Free Downloads Amazon - Lane's book: The Holistic retirement planning Revolution ... ( 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 How much of your Social Security will be taxed? Social Security, a government program that provides financial benefits to retirees, disabled individuals, and the surviving family members of deceased workers, plays a crucial role in ensuring financial security for millions of Americans. However, many people are unaware that their Social Security income may be subject to taxes. Understanding how much of your Social Security will be taxed is essential for effective financial plannin

In this week's Hidden Wealth Reviews, I teach what you can do to remove yourself from the waste of Washington and the Wall Street whipsaw. This week, the Federal Reserve hinted they wouldn't raise interest rates. The market rallied in anticipation of this announcement. When the actual announcement was made, the market dropped, giving back three times the gains it had just made, all due to the wording used in Fed Chairman Powell's statement. If you're within five years or less of retirement or if you're just tying to get better through retirement, I want to teach you how to avoid the whims of Wall Street and the Washington tax waste. To learn how, register now for this coming Tuesday's Tax Protecting Your Retirement webinar. I read a recent article in Forbes that revealed how many people with significant IRA assets are leaving a lot of money on the table by letting the IRS and Congress determine their IRA strategies. The article discussed the importa

In this video, learn about new rules and rule changes coming to 401k plans in 2023 including changes to contribution limits, employer matching contributions, and more. Thanks for watching, if you enjoyed the video please leave a like and subscribe to our channel for more weekly content! 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. Our WealthVision Comprehensive Financial Plan: 4. Learn more about our Retirement Planning Course The Retirement Time Machine Tracking: 410915-1... ( read more ) LEARN MORE ABOUT: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing 401(k) New Rules and Rule Changes Explained The world

Learn more about this topic at Leave us a comment if you have any questions and hit Subscribe to our Youtube channel to get informative videos on similar topics. Beagle is your financial concierge that helps you: - Find your old 401(k)s - Discover your 401(k) hidden fees - Rollover and save thousands - Unlock your 401(k)s and IRA WE'RE ON A MISSION TO Give you peace of mind with your retirement. We built Beagle to help guide you towards retirement no matter where you're at in your journey. For more information visit: --- Facebook --- Twitter Email us: support@meetbeagle.com #Beagle #finance #money #tips #strategy #retirement #advice #reversemortgage #reversemortgagepros #mortgagetips... ( 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 As we grow older, many of us start thinking about retirement and how to secure a stab

Here's a quick explanation of the differences between traditional TSP or IRA and Roth TSP or Roth IRA. Traditional is where you get paid and you put it in a traditional retirement account , either TSP or IRA, before you pay taxes on it. You’re postponing taxes until later and then hopefully your account grows a whole bunch, and when you take a distribution in retirement, it's taxed at your tax bracket. With Roth, you’re gonna go ahead and pay the tax now and put in after tax money and then hopefully it grows, and at retirement you’re taking money out totally tax free. Roth IRA’s have the 2 rules of having a Roth IRA for five years and being over the age of 59 1/2 when you take out the gains. So which one is better? Well of course that depends on your situation. Check out our channel for more in-depth videos on tax planning and your retirement accounts. The information provided is not intended as tax or legal advice. Figures shown are for illustrative purposes only

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 Safest Investments In this video, we explore how the strategy works, we cover som

So, you're looking to minimize taxes? On the Get Ready For The Future Show, we're answering YOUR questions! Like this one from Jerry in Sherwood: "Is there any way to reduce the burden of taxes for inherited IRAs; except converting to a Roth. I've just about decided to start reducing it yearly and paying the taxes myself, but I was wondering if there was anything else I could do. I would like to know what kind of an immediate annuity that you have, since that would be one way. I know I could not pass anything to the heirs that way, but it is one option I am interested in?" The bad news is that there really isn't much you can do to avoid taxes on inherited IRAs, especially due to the SECURE Act of 2020. However, there are some helpful strategies to manage them as best as possible, AND you can work to avoid passing the tax stresses on to your loved ones. - ❓ Have your own questions? Call or text us at 501.381.5228 or email show@getreadyforthefutur

It’s hard to believe that we’re approaching the 100th episode of The Guided Retirement Show. But before we release that special episode later this season, we want to reflect on The Guided Retirement Show’s first two episodes. They were released back in 2019 and focused on Roth vs. traditional IRAs. Along with looking back at what all has changed in the tax code that impacts the Roth vs. traditional decision, we need to take a forward-looking approach during this discussion. That’s because there are new tax laws scheduled to start in 2026 after the Tax Cuts and Jobs Act sunsets. There a lot of things that need to be considered when choosing between Roth and traditional. Modern Wealth Management Managing Directors Dean Barber and Bud Kasper and Director of Tax Corey Hulstein, CPA are going to review those considerations. In this podcast interview, you’ll learn: • The Difference between Roth vs. Traditional • Tax Rates Are Scheduled to Go Up in 2026 • Some of the Key Changes

What is a prescribed annuity? How can it save me tax in retirement? Kevin and Clinton answer those questions in this episode of Financial 15. This is episode 4 of the Becker Orr Original Series on how to save tax in retirement. Check out the other videos: Episode 1: CPP Sharing Episode 2: RRSP Meltdown Episode 3: Pension Splitting Episode 5: Tax Loss Selling Episode 6: Charitable Giving Episode 7: Medical Expense Tax Credit Clinton and Kevin are both with Becker Orr Wealth Management and are both portfolio managers with Canaccord Genuity Wealth Management. Combined they have over 40 years of experience. In this video they discuss: 0:00 Intro 0:56 3 D's of Tax Planning 1:46 What is an Annuity? 2:46 What is a Prescribed Annuity? 3:50 Help save income tested benefits 4:57 Qualifies as pension income 6:32 Who is this for? Have a question or want to review your financial plan? Chat with us! Visit: Save Tax in Retirement with a Prescribed Annui

We help people who are entering retirement or want good retirement strategies to create retirement monies they can never outlive. Schedule a no-obligation consultation with me directly: Get your complementary consultation for a tax-efficient retirement plan. Also, pick up one of our FREE life guides: ***Connect with us on Facebook: *** *** Visit us online at: www.JustAskFreeman.com *** Financial Sources Inc. 6111 Ivy Ridge Ct Upper Marlboro, MD 20772  TEL: (301)627-0123 | www.JustAskFreeman.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 Converting Traditional IRA to Roth IRA - Tax Strategies When it comes to retirement planning and saving for the future, Individual Retirement Accounts (IRA) are a popular choice among investors. These accounts offer tax advantages and are designed to help individuals grow their savin

How to Own Cryptocurrency in your Self-Directed IRA Can I Invest in Cryptocurrency like Bitcoin in my IRA? How do I do it? Retirement accounts like IRAs can be tax-deferred or even tax-free and are extremely powerful investment tools! You can save a lot on taxes in your cryptocurrency trading and investment operations inside of an IRA. Here’s how you do it. Comment below if you have any questions. You can also contact one of our IRA experts at: 866-377-3311 www.mountainwestira.com **DISCLAIMER: Mountain West IRA, Inc. does not render tax, legal, accounting, investment, or other professional advice. If tax, legal, accounting, investment, or additional similar expert assistance is required, the services of a competent professional should be sought.... ( 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 Own Cryptocurrency in your Se

What is a Backdoor Roth IRA and how should I set it up? Money Not Math 145 When should you avoid this strategy? What makes a backdoor Roth IRA Different? Do you pay taxes on backdoor Roth IRAs? Are backdoor Roth IRAs worth it? How much can I contribute? What are alternatives to backdoor Roth IRAs? Podcast: Article referenced, #MoneyNotMath #5StoneFinancialGroup #DavidVsGoliath #Retirement #RetirementPlanning #BackdoorRothIRA #RothIRA #IRA #Roth #Taxes #Investing Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.... ( 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 What is a Backdoor Roth IRA and how should I set it up? Saving for retirement is crucial in today's uncertain times, and having a well-rounded investment strategy

IRA transfer vs rollover — it’s one of the first questions new SDIRA investors ask. Learn about each funding method so you can choose the option that’s right for you. In this video, John Paul Ruiz dives into the pros and cons of each funding method: transfers, rollovers, and contributions. He also highlights some of the most essential rollover rules to follow in order to maintain your SDIRA’s good standing. If you want even more in-depth information, be sure to read through our blog post, IRA Transfer vs. Rollover: What's the Difference? Timestamps: 0:00 | Intro 0:30 | What’s the Difference Between an IRA Transfer and Rollover? 0:54 | What is a Transfer? 1:31 | What is a Direct Rollover? 2:20 | What is an Indirect Rollover? 4:00 | Rollover Rules to Keep in Mind 5:54 | What about Contributions? 6:52 | Learn More about IRA Funding Methods Disclaimer: All IRA investments have risk and investment decisions should be made with the help of an experienced professio

In this video, Bill talks about a fairly unknown conversion, which is converting a 529 Plan to a Roth IRA! Stick around as Bill discusses the details of this conversion. Thank you for watching! Please like the video and subscribe to the channel if you enjoy the content! 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. Our WealthVision Comprehensive Financial Plan: 4. Learn more about our retirement planning Course The Retirement Time Machine Tracking: 426335-1... ( 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 Convert Your 529 Plan to a Roth IRA 529 plans have become extremely popular as a w