Timothy Sumer

This video discusses what to do if you have no money for retirement and it's almost time. The average person has less than $10,000 saved for retirement according to the Federal Reserve Board's Survey of Consumer Finance. So while you are not alone, that does not solve the problem. This video outlines the critical next steps you need to do RIGHT NOW if you are retiring with no money. FREE Retirement Ready Checklist: Holy Schmidt Book Club: Important Links: Follow Me on Instagram: Geoff's Facebook Page Federal Reserve Board Survey of Consumer Finances: Social Security Administration Application for Benefits Current Social Security Cost of Living Adjustment Social Security Payment Estimator THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it? 7 GOOD REASONS to File for Social Security Benefits at Age 62 Average Retirement Savings by Age 60. Are You Almost Ready to Retire?!? The BEST AGE to File for So...

#shorts #shortsvideo #RetirementPlanning #EarlyRetirement #MaximizeContributions #RetirementAccounts #RothIRAs #401kMatching #FinancialIndependence #RetirementPlanningTechniques Prepare for a secure retirement and explore early retirement strategies in this informative YouTube short. Discover how to maximize contributions to retirement accounts, including the benefits of options like Roth IRAs and 401(k) matching. Gain insights into effective retirement planning techniques and strategies that can help you achieve financial independence sooner. Take charge of your future and embark on a path towards a fulfilling and early retirement. Keywords: retirement planning , early retirement strategies, maximize contributions, retirement accounts, Roth IRAs, 401(k) matching, financial independence, retirement planning techniques.... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account R...

Hello friends in this video i am going to explain about a pension paln given to reitred people by government of india. This is a pension plan in telugu. Reverse mortgage scheme in telugu IS A LOAN offered to retired epople who are having a own residential property but no income. This is a pension plan in telugu offered y government of indian fom all the banks. Retirement planning in telugu is a must for anyone and should need to invest in right product. Reverse mortgage loan will help in getting 50000 monthly income in telugu. The Model Portfolio : Click here to text me on WhatsApp: Edelweiss Demat account : Upstox account: Telegram: Website link:www.mutualfundstelugu.in Instagram: Click here to SUBSCRIBE Mutual Funds Telugu: Recomended Playlists: 1. Mutual Funds Course (FREE) 2. Personal Finance Series : 3. Different types of Mutual Finds 4. Best Mutual Funds to Invest 5. Mutual Fund Reviews JOIN OUR COMMUNITY Facebook Group: Facebook Page: Instagr...

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 INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA If you’re familiar with Roth conversions, you’re probably already aware of the pro-rata rule. This is a calculation used to determine the amount of taxable income that will be generated when you convert traditional IRA funds into a Roth IRA. In this article, we’ll explain what the pro-rata rule is and how to calculate Roth conversions using this method. What is the Pro-Rata Rule? In short, the pro-rata rule is a ...

Gone are the days when workers could count on an employee pension plan and social security to cover their living and health costs during retirement. Today, pensions are a rarity and Social Security isn’t a slam-dunk for future generations. This is why it is wise that you prepare for retirement before you get to those golden years. In this video Apollo discusses the best tax-free retirement accounts that will help build and protect your wealth. This is a snippet video, however, we recommend that we watch it until the end, so you don’t miss anything. The full video can be viewed as part of our streaming service. Join today and get your 7-day free trial, while the offer is available. ... ( 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 you plan for retirement, you need to consider various factors, including factors that can help you protect you...

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 CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA Social Security Reduced For Student Loan Payments Student loan debt has become a major issue in today's society, as more and more students are taking on loans to pay for their education. However, those who are unable to pay off their student loans in a timely manner now run the risk of having their Social Security benefits reduced. The government has introduced a new law that allows them to take money from borr...

In this video, we'll be discussing an important topic that concerns many Americans: the safety of their retirement savings in the event of a bank collapse. Many people rely on 401k plans as a primary source of retirement income, but what happens to that money if the bank that holds your 401k goes under? We'll take a deep dive into the regulatory safeguards that protect your 401k, including the Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC). We'll also discuss the differences between bank and brokerage 401k accounts, and how they're insured differently. We'll explore what happens to your 401k if your employer goes bankrupt, and what you can do to protect your savings. We'll also touch on the importance of diversification and why it's important to spread your retirement savings across multiple investments. By the end of this video, you'll better understand the safeguards in place to prote...

Stretch IRA's, RMD's, Inherited IRA's , QCD's and IRA penalty free distribution exception for IRA.I'll give you an explanation of the 5 parts of the new law that are most likely to impact your finances. RMD changes and Stretch IRA is dead. Check out www.bradrosley.com for many educational posts. brad@fortunefinancialgroup.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 The SECURE Act, which came into effect on January 1, 2020, introduced significant changes to retirement planning . One of the most significant changes is the elimination of the Stretch IRA provision. This provision allowed non-spouse beneficiaries of an IRA to stretch out distributions over their lifetimes, significantly reducing the tax burden on inherited IRAs. However, under the new SECURE Act, non-spouse beneficiaries must distribute the entire IR...

How will the SECURE Act 2.0 Impact Your Finances? Top 10 important changes and how they may impact your retirement. University of Holistic retirement planning Online Course Download Free Information: ... ( 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 The SECURE Act 2.0 is a proposed extension to the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. The new legislation includes significant changes to retirement planning that adjust current policies to better suit the changing workforce. One of the most notable changes in the SECURE Act 2.0 is the expansion of retirement savings options for more types of workers. The bill would allow long-term part-time workers, including those who work as little as 500 hours a year, to participate in retirement savings plans. This would provide greater access to pension plans ...

Roth IRA Explained || A Simple Explanation of the Roth IRA || What Is A Roth IRA What is a Roth IRA? A Roth IRA is a special IRA where you pay taxes on the dollars you invest for retirement but all future retirement withdrawal's for retirement income are tax free. Benefits to a Roth IRA are no required minimum distributions and tax free inheritance to anyone who inherits your Roth IRA. A Roth IRA has income limits and contribution limits. The Roth IRA income limit doesn't allow individuals or families to contribute to a Roth IRA. If their modified adjusted gross income is over a certain limit. In the same way, Roth IRA contribution limits only allow those individuals who qualify to contribute a certain amount of retirement dollars on a yearly basis. All contributions to a Roth IRA must follow a five-year rule before withdrawing any earnings from your Roth IRA. Inside of a Roth IRA, or a variety of investment options. You can invest in mutual funds, stocks,...

BEST Roth IRA Conversion Strategy for retirement planning || Roth Conversion Fully Explained In this video, I want to discuss a Roth conversion strategy that will help you maximize the amount of dollars you are trying to convert from IRA to Roth IRA. What is a Roth IRA conversion? A Roth Conversion is moving pretax money from an IRA to a Roth IRA. When you do this, you'll pay taxes on the amount you move from your IRA to your Roth IRA, but the money will now grow tax free in your Roth IRA account. A Roth IRA Conversion makes sense for individuals who believe that might be in a higher tax bracket once they get into retirement and want to eliminate taxes from their retirement income. The biggest advantage to a Roth IRA conversion is the ability to take tax free withdrawals in the future. These tax free withdrawals can be use for retirement income once you are in retirement. Also, there is no predicting where tax brackets will be when you retire, so having a large...

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...

#investing #stockmarket #finance A Roth IRA is a type of individual retirement account (IRA) that is funded with after-tax dollars. This means that you contribute money to a Roth IRA after you have already paid income tax on it. The benefits of a Roth IRA are that the money you contribute can be withdrawn tax-free and penalty-free at any time, and any earnings on your investments within the account are also tax-free when you withdraw them during retirement. There are annual contribution limits for Roth IRAs which were just increased for 2023, and whether you are eligible to contribute to a Roth IRA and how much you can contribute may depend on your income and tax filing status. Contributions to a Roth IRA are not tax-deductible, but the tax-free growth and tax-free withdrawals can make a Roth IRA an attractive option for retirement savings, particularly for those who expect to be in a higher tax bracket in retirement. Disclaimer: Please consult with a professional befor...

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 th...

Having the right financial resources in retirement is important, yet some of the most affluent retirees are not happy. Moreover, many retirees who enter retirement with a big nest egg run out of "nest egg" long before they run out of "retirement." On the other side there are those that have little to no savings entering retirement and are EXTREMELY happy. The difference is what Geoff calls the retirement focus and this video discusses some of the main elements. FREE Retirement Ready Checklist: Holy Schmidt Book Club: Important Links: Follow Me on Instagram: Geoff's Facebook Page Federal Reserve Board Survey of Consumer Finances: Social Security Administration Application for Benefits Current Social Security Cost of Living Adjustment Social Security Payment Estimator THE CHANNEL’S MOST POPULAR VIDEOS Should You Take Social Security at Age 62 and Invest it? 7 GOOD REASONS to File for Social Security Benefits at Age 62 Average R...

A Roth IRA conversion ladder is a multiyear strategy that allows savers to tap into their retirement accounts without penalties before reaching age 59½. With a Roth conversion ladder, money is shifted from a tax-deferred retirement account —such as a traditional IRA or 401(k)—into a Roth IRA. But unlike a standard Roth IRA conversion, it’s done multiple times over several years. The staggered conversions create the “ladder.” Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. When you do a Roth IRA conversion, you must wait five years to withdraw the converted amount to avoid a...

Use This Roth IRA Conversion Strategy for Optimal Tax Free Growth In this video, I want to discuss a Roth conversion strategy that will help you maximize the amount of dollars you are trying to convert from IRA to Roth IRA. What is a Roth IRA conversion? A Roth Conversion is moving pretax money from an IRA to a Roth IRA. When you do this, you'll pay taxes on the amount you move from your IRA to your Roth IRA, but the money will now grow tax free in your Roth IRA account. A Roth IRA Conversion makes sense for individuals who believe that might be in a higher tax bracket once they get into retirement and want to eliminate taxes from their retirement income. The biggest advantage to a Roth IRA conversion is the ability to take tax free withdrawals in the future. These tax free withdrawals can be use for retirement income once you are in retirement. Also, there is no predicting where tax brackets will be when you retire, so having a large Roth IRA account can help el...