Timothy Sumer

Roth IRA’s have fantastic tax advantages that you should learn about. Blog on Roth IRA - Also, learn: 1. Liquidity feature 2. RMD exclusion 3. Who can fund the Roth #Roth #retirement #RothIRA 4. The three ways to Roth Everybody should be trying to include the Roth IRA in their financial plan. Link to blog post on Roth IRA: Firm website www.fortunefinancialgroup.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 are planning for your retirement and researching the different types of Individual Retirement Accounts (IRA), you may have come across the terms Roth IRA and Traditional IRA. These two types of IRAs have different features which can make one more beneficial to you than the other, depending on your individual situation. This article will explain the difference between the two. Roth IRA A Roth IRA is similar to a tr

Does your retirement plan build tax-free wealth efficiently? Are you using a Roth IRA, Roth 401k, or Roth Conversion to add to your tax-free bucket? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to What is the best way to add money to your tax-free bucket? ✅ Should you contribute to a Roth IRA? ✅ Should you contribute to a Roth 401k? ✅ Or should you perform a Roth Conversion? Even though each of these ends up with more dollars in Roth Accounts but what is the best Roth account and best way to add to these important retirement accounts? A Roth IRA is quite different from a Roth 401k. Roth IRAs are not subject to RMDs. They have a larger universe of investment options to choose from. And in certain ways, they have more accessibility, specifically before age 59.5. Roth 401ks have a completely different set of benefits. Roth 401ks are afforded higher contribu

Which one is best when it comes to retirement, Roth Ira, 401k or for example traditional ira. In this video, I’ll teach you how these work and I’ll give you a system on the best way to prioritize your investment into them. 😎Call Me😎: 😎Second Channel😎: 💲1 on 1 Talk + My Budget + Stock Investments💲 💰MY M1 FINANCE PORTFOLIO💰 PLUS $10 Link: 1. Let's break Down what they are - These are all just retirement account , some of them pay taxes today and never get taxed again like the Roth Options - And some of them give you a tax break today and you pay taxes later on, like the normal traditional ones - But they all share one thing in common and that is that your money grows tax-free Basics: Roth IRA or Roth 401k: - You pay taxes today and you never pay them again - You can always role over a Roth 401k into your Roth Ira which you fully manage after your done with your employer tax-free - You can use a SEPP plan to go on for at least 5 years minimum or unt

Traditional IRA vs Roth IRA vs 401k (Which One Makes the MOST MONEY) Retirement accounts can be so confusing to understand but preparing for your retirement is extremely important. Afterall, this is the money you are going to use to live off of once you stop working and once you can finally relax and enjoy your life! This video outlines the 3 main types of retirement accounts that you probably always hear about - traditional IRA, Roth IRA and a 401....once you finish this video you will have a better idea of what these are and you will be better informed to make a decision on what to open up and whats best for you. Disclaimer: This is NOT financial advice and is only meant to be used for educational purposes... ( 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 https://inflationprotection.org/traditional-ira-vs-roth-ira-vs-4

Take a deep dive into the difference between a Traditional vs ROTH 401(k) or IRA. This video gets into the specifics of what you need to know to make an informed decision as well as a detailed example of the tax benefits of both. Take the next step in empowering yourself to have a secure financial future! Enjoy! - LINKS - (When available, we use affiliate links and may earn a commission) COLLEGE SCHOLARSHIP RESOURCES: Debt Free Degree by Anthony ONeal: Ultimate Scholarship Book 2021: FREE Scholarship Prep Bundle: MONEY RESOURCES: Total Money Makeover by Dave Ramsey: Financial Peace University by Dave Ramsey: Chris Hogan R:IQ tool: Everyday Millionaires by Chris Hogan: The Simple Path to Wealth by J L Collins: FREE Money Management Template: PERSONAL DEVELOPMENT RESOURCES: UNSTOPPABLE by Tracy Timm: BUSINESS RESOURCES: VidIQ YouTube Optimization: ConvertKit Email Marketing Solution: - TIMESTAMPS - 00:00 What's the Difference between Traditional and ROTH?

What is the difference between taxable and retirement accounts? I discuss about the advantages and disadvantages of these three separate accounts (Taxable, Pre-Tax, Post-Tax) and when you actually get taxed. I plug in a rough estimate for these scenarios to see where you come out ahead. Want to open a Roth IRA or traditional IRA? M1 Finance: Already have a retirement account and you want to open a taxable account? Robinhood: ----------------------------- 🙌 Support the Channel 🙌 ----------------------------- If you enjoy my content and want to show a small way to express gratitude, why not Buy Me A Coffee to support this channel! ----------------------------- 💸 Personal Finance 💸 --------------------------------- Get a free stock with Robinhood! 👉 Join Motley Fool Stock Advisor ($99) 👉 Join Motley Fool Rule Breaker ($99) 👉 Note: The great thing is that Motley Fool also gives you the option to cancel your subscription within 30 days if you don't com