Timothy Sumer

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 future tax rates, time horizon, and financial goals. Conve

In this final episode in the TSP Millionaire Podcast, Elizabeth reveals a powerful tool to help you grow and protect your TSP account. FEBC Online Resources: The TSP Calculator: What is my Risk Number? Free Download Resources: The TSP Millionaire Book: The TSP Risk-Guard Exec Summary: Six Keys to Understanding the New TSP Mutual Fund Window: Free 17-point Assessment for Federal Retirement: How to Become a TSP Millionaire - Links to the Podcast Series: Part 1: Part 2: Part 3: Part 4: Part 5: Subscribe today for more valuable information and FREE resources. Contact Us: FEBC Website: www.FEBCnow.com Email Elizabeth Inman: Elizabeth@FEBCnow.com Email Bryan Fentress: Bryan@FEBCnow.com Call FEBC Offices: (918) 396-5171 In this Podcast Episode: 00:00 Introduction 00:52 Three FREE documents that can help you become a TSP Millionaire 02:47 Introducing the Risk-Guard™ Proprietary Process 03:53 How Risk-Guard™ Works 05:08 Risk-Guard™ Executive Summary 06:43 The Ri

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: 401k Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Investing your 401k is a crucial decision that can determine your financial success in the future. However, not all investment options are created equal, and some may not be the best fit for your retirement goals. If you're hoping to make the most of your 401k, there are certain things you should avoid doing. Firstly, it's essential to steer clear of investing all of your 401k in a single company's stoc

Here is how much I save in my 401k and I will retire rich doing these steps! #401k #retirementplanning #retireearly *not financial advice... ( 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 Saving for retirement can seem like a daunting task, but taking advantage of your employer-sponsored 401(k) plan can be an easy and effective way to build your nest egg. With a little bit of planning and budgeting, you can save a significant percentage of your paycheck in your 401(k) and retire comfortably in the future. The first step to saving in your 401(k) is to understand how much you can contribute. For 2021, the maximum contribution limit is $19,500, or $26,000 if you’re over the age of 50. However, just because you can contribute the maximum amount doesn’t mean you should. The ideal amount to save in your 401(k) depends on your age,

IRA transfer vs 60 day rollover Getting this right will save you from having to deal with an extra tax form. If done properly this can be simple and easy and give you flexibility as you move your IRA as often as you like. #ira #rollover #retirement... ( 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 IRA Transfer vs 60-Day Rollover: What You Need to Know When it comes to managing your retirement savings, it's important to understand the differences between an IRA transfer and a 60-day rollover. Both options allow you to move funds between retirement accounts without triggering taxes or penalties, but they work a bit differently. Here's what you need to know about IRA transfers and 60-day rollovers: IRA Transfers An IRA transfer is a direct transfer of funds between two retirement accounts. For example, if you had an IRA with one cu

To get our FREE investing starter kit (with 5 stocks!) go to Can you convert a 401k in to a Roth IRA? What are the benefits of doing so? Listen to Dan Caplinger explain the two and why one might be a better choice for you! ------------------------------------------------------------------------ Subscribe to The Motley Fool's YouTube Channel: Join The Motley Fool Community On: Instagram ► Facebook ► TikTok ► Twitter ► #TheMotleyFool #RetirementPlanning #RothIRA #RetirementPlanning #TheMotleyFool #InvestingForBeginners... ( 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 retirement planning is something that everyone should take seriously. One of the most popular retirement savings vehicles is the 401k, but many people are now looking into Roth IRAs as an alternative. The question is, can you convert a 401k into a Roth IRA? The answ

DO NOT MAKE THIS ROTH IRA MISTAKE IN 2023 | retirement planning | Suze orman | Financial Planning If you're thinking of starting a Roth IRA, then you need to watch this video! In this video, we're discussing the Roth IRA mistake that can potentially cost you a lot in 2023. retirement planning is a big responsibility, and it's important to do your research in order to avoid making costly mistakes. In this video, we're discussing the Roth IRA mistake that can potentially cost you a lot in 2023. Make sure to watch to learn how to avoid this mistake and secure your future financial security! retirement planning financial planning ira 401k roth ira fidelity 401k principal 401k john hancock 401k 403b sep ira roth 401k backdoor roth ira prudential 401k vanguard roth ira traditional ira vanguard 401k vanguard retirement fidelity roth ira certified financial planner charles schwab 401k pension plan simple ira self directed ira 401k plan voya retirement nrsforu 4

Should you choose a Roth IRA or a Traditional IRA? We're bringing you the geeky stats to help you choose! 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 Intro/Feet Talk 0:00-1:20 Overview of each account type 1:21-4:34 Taking geekiness up a notch 4:34-8:30 A dad joke.... 8:30-9:25 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 retirement planning , one of the most important decisions you can make is whether to open a Roth IRA or a Traditional IRA. Both are retirement accounts, but they have dif

Spousal IRA is a strategy you can use when you have a single income household but file taxes jointly. It allows you to put money in an ira for the non-working spouse without the earned income requirement. The irs will allow you deduct the contribution, giving you a tax advantage. #moneytalks #retirement #ira #financialfreedom #financialliteracy #retirement #wealth... ( 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 A Spousal IRA is an individual retirement account (IRA) that allows married couples to save for retirement. It is an important tool for couples who want to maximize their retirement savings and take advantage of tax benefits. A Spousal IRA is an individual retirement account that is owned by one spouse, but the contributions are made by the other spouse. The contributions are made with after-tax dollars and the accoun

For retirement you basically have 3 options: 401k, IRA, or ROTH IRA. My favorite is the ROTH IRA because I believe taxes will be much higher in a couple years due to inflation and the pandemic. The ROTH IRA sets you up for financial freedom and financial independence for life to be a tax-free millionaire! Step-by-step Open A ROTH IRA: #rothira #voo #etfinvesting *not financial advice... ( 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 The Roth IRA is a powerful retirement savings tool that allows you to save for retirement without having to pay taxes on your earnings. The Roth IRA is a great way to save for retirement and it is an investment that is virtually unbeatable. The Roth IRA is a retirement savings account that allows you to save for retirement without having to pay taxes on your earnings. This means that when you withdraw money fr

Solo 401k plus side hustle in Market Crash 2022. Watch the full Market CRASHING 5 tips Investing for Beginners ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CE