Timothy Sumer

Here I explain how to get the guaranteed income of a pension annuity without losing the flexible access and death benefits of drawdown. ⏰ TIMESTAMPS ⏰ 0:00 Start 1:26 Why Are Annuities Becoming Popular Again? 3:12 The Problem With Pension Annuities 4:10 The Benefits of Fixed Term Annuities 7:01 Fixed Term Annuity Quote Examples 🎬 WATCH NEXT 🎬 Improve income sustainability in drawdown: 👇 LEGAL & GENERAL FIXED TERM ANNUITY QUOTES 👇 **** ABOUT THIS VIDEO **** Many people are drawn to the guarantees offered by lifetime pension annuities for retirement, but are put off by the loss of flexibility compared to flexi-access drawdown and other flexible retirement withdrawal methods. With pension annuities, you have to choose death benefits and other options like inflation linking at the start without knowing what the future is going to hold, and these options cost money. With pension drawdown, you can choose your level of income and have complete flexibility, as well

Annuities are crucial to providing lifetime income regardless of what MARKET does.  I’m not saying that your entire portfolio should be made up of annuities, but annuities can allow you to be more aggressive in your investments once you start withdrawing from your retirement portfolio.  #babyboomer #inheritance #retirement #retirementplanning #retirementplanningtips #annuity #fixedannuity... ( 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 When it comes to saving for retirement, there are many different investment options available. From stocks and bonds to real estate and commodities, it can be difficult to know where to begin. However, one investment vehicle that often gets overlooked is annuities- and for many retirees, this can be a big mistake. Annuities are essentially contracts between an individual and an insur

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

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

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,

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

Social Security Spousal, Survivor, & Divorced Benefits Made Easy What are the rules for spousal benefits of Social Security? Social Security Spousal, Survivor, & Divorced Benefits Made Easy Social Security spousal benefits, divorced spousal benefits, and survivors benefits are some of the most overlooked and misunderstood Social Security claiming strategies for families who are on Social Security. If you are currently on Social Security or you are going to be on Social Security soon, it is important you understand your Social Security strategy options. How you qualify for Social Security Spousal Benefits (Married): 1. You are at least 62--unless you are caring for a child under 16 or permanently disabled. 2. You have been married to your spouse for at least 12 months 3. Your spouse is already receiving social security retirement benefits How you qualify for Social Security Spousal Benefits (Divorced): 1. You are not remarried 2. Your ex-spouse i

These 15 changes help us save more for retirement! Some more than others. My favorite is being able to transfer 520 college savings plan money into a Roth IRA for kids. But there are 14 others worth sharing in this video! ⏱Handy Timeline: 0:00 Secure 2.0 Act Changes 0:14 1. Free Emergency Fund 1:15 2. 401k Gift Cards 1:52 3. Forcing the 401k 2:30 4. Paid to save 3:54 5. Student loans that invest for you 5:12 6. Part-time workers win 6:04 7. Roth 401k Matching 6:36 8. Starter 401k 8:24 9. 529 to Roth for kids! 13:40 10. Lost and Found 401ks 14:58 11. 401k Withdrawals 17:20 Firefighters 18:02 Catch up contributions 18:58 Better comparisons, more profits 20:10 RMD rules relaxed 22:16 All Aboard the Omnibus 22:55 Secret 23:13 What if you have no 401k? ===== 📗My Investing Masterclass For Beginners Course! Step by Step from beginner to stock market success! ===== The Investing Apps I Recommend: 📈M1 Finance Investing: (Get $10-30 when you start investing today! To get it, in

Should I Convert My IRA To A Roth IRA? #shorts #retirement #retirementplanning Full Video: Should I Convert My IRA to A Roth IRA (Part 1) Who Should Convert IRA to Roth IRA In this 3 part video blog I want to begin by discussing: Who should convert their IRA to a Roth IRA. I am asked quite often, "Should I Convert my IRA to a Roth IRA," and to be honest the answer is, "It depends." Everyone's retirement and financial picture is different. Whether you should convert your IRA to a Roth IRA is not the same as your neighbor. So, let's dive into 3 individuals that I believe should convert their IRA or a Roth IRA and I hope this helps you on your retirement journey! 1. Low Income tax Bracket If you are in a low income tax bracket, you are a prime candidate for converting your IRA to a Roth IRA. Why do I say that. Well, when you convert IRA Retirement savings to Roth IRA tax free retirement savings, you have to pay tax on the conversion in the yea

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

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

retirement planning at 66. Troy Sharpe, CFP®, takes a look at someone retiring with $800,000, runs it through an advanced simulation to see the probability of making it through retirement with money. In this episode, Troy looks at 1,000 different scenarios looking at the probability of successfully retiring without running out of money, given the current economic situation. The analysis is part of what we at Oak Harvest call a Oak Harvest Retirement plan, a customized solution aimed squarely at your retirement needs. Oak Harvest retirement planning Process Instead of trying to fit you into a box, Oak Harvest builds the box around you. So, no two plans are exactly alike. We tailor investments, income, tax-reduction, safety, long-term care and legacy solutions around your retirement vision and goals. It starts with a discussion about your retirement vision. A retirement vision is the most critical element of a Oak Harvest Retirement plan because it allows us to clea

Troy Sharpe, CFP®, recently read an article online where a 58-year-old man with $1.4 million saved up asked if he had enough to retire. He had $700,000 in a 401(k) account and $700,000 in a non-qualified account. In this episode, Troy looks at 1,000 different scenarios looking at the probability of successfully retiring without running out of money, given the current economic situation. #dontrunoutofmoney #successfulretirement #enoughtoretire The analysis is part of what we at Oak Harvest call a Oak Harvest Retirement plan, a customized solution aimed squarely at your retirement needs. Oak Harvest Retirement Plan Instead of trying to fit you into a box, Oak Harvest builds the box around you. So, no two plans are exactly alike. We tailor investments, income, tax-reduction, safety, long-term care and legacy solutions around your retirement vision and goals. It starts with a discussion about your retirement vision. A retirement vision is the most critical element of a Oak H

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 https://inflationprotection.org/the-biggest-tax-advantage-of-a-roth-ira/?feed_id=49988&_unique_id=639ae4b7ec004 #Inflation #Retirement #GoldIRA #Wealth #Investing #financialadvice #financialadvisor #financialplanner #FinancialPlanning #Retirement #retirementplanning #retirementplanning2022 #retirementplanningat55 #retirementplanningat60 #RothIRA #rothirabenefits #rothiracontribution #rothiraexplained #rothirainvesting

Should I Convert My IRA to A Roth IRA (Part 1) Who Should Convert IRA to Roth IRA In this 3 part video blog I want to begin by discussing: Who should convert their IRA to a Roth IRA. I am asked quite often, "Should I Convert my IRA to a Roth IRA," and to be honest the answer is, "It depends." Everyone's retirement and financial picture is different. Whether you should convert your IRA to a Roth IRA is not the same as your neighbor. So, let's dive into 3 individuals that I believe should convert their IRA or a Roth IRA and I hope this helps you on your retirement journey! 1. Low Income tax Bracket If you are in a low income tax bracket, you are a prime candidate for converting your IRA to a Roth IRA. Why do I say that. Well, when you convert IRA Retirement savings to Roth IRA tax free retirement savings, you have to pay tax on the conversion in the year you complete the Roth IRA conversion. For example, if you convert $5,000 from IRA to Roth IRA

Roth & IRA's Explained ( Individual Retirement Accounts ) | Roth IRA index funds. What is an IRA? An individual retirement account (IRA) is a tax-deferred investment account that helps you save for retirement. There are four popular types of IRAs — traditional, Roth, SEP and SIMPLE — and all offer tax benefits that reward you for saving. You can open an IRA at banks, robo-advisors and brokers, and your contributions may be tax-deductible, or withdrawals may be tax-free. Some people might hear IRA and think Irish Republican Army, that's not what we're talking about here. We're describing the retirement accounts the IRS officially calls individual retirement arrangements. How do IRAs work? Investing in an IRA allows your money to grow and compound, says certified financial planner Matt Aaron, founder of Washington, D.C.-based Lux Wealth Planning, an affiliate of Northwestern Mutual. You can invest in stocks, bonds and other assets. How your account balance