Timothy Sumer

What downsides to a Roth make it the wrong choice for you? ▶ Like this video? Subscribe! Simple Schools TV teaches practical life skills in short, free educational videos for adults. Starting with money. ---------------------------------------------------------------------------------- VIDEO TEXT: 0:00 Intro You’re finally getting paid at that hard-to-get job that didn’t pay for 7 months. Perhaps now you’re planning your escape…I mean, retirement. We covered the benefits of a Roth retirement account earlier. It sounds ideal for retirement savings, right? What about the bad? 0:13 Tip 1: Can you put back money that you take out of a Roth IRA? First, let’s talk contributions. You can take them out at any time in a Roth without penalty nor taxes as explained in prior videos. But you can’t put them back in like you can with other types of retirement accounts. Plus, you’re limited each year by the Roth's contribution limit, making it harder to make up for the wi...

소득제한 규정 때문에 Roth IRA를 할 수 없는 사람들도 트레디셔널 IRA를 컨버전하는 방법으로 이용할 수 있습니다. 흔히 Backdoor Roth라고 부르는 방법인데 백프로 합법적 방법입니다. 컨버전을 하면서 세금을 내니까 정부 입장에서 보면 세금을 빨리 걷을 수 있으니까요. 그렇다고 누구에게나 컨버전이 적합하다, 얘기하긴 힘듭니다. 여러가지 지켜야 할 사항들도 있고 또 세금 부담을 어떻게 처리하느냐는 문제도 있기 때문입니다. 그래서 톡톡에서 이런 점들에 대해 살펴 봤습니다. BGM: Submarine by Dyalla Opening Video by Kelly Lacy from Pexels... ( 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 Write an article about Backdoor Roth IRA in English https://inflationprotection.org/rewrite-this-title-backdoor-roth-ira/?feed_id=103916&_unique_id=647afbdf3dca0 #Inflation #Retirement #GoldIRA #Wealth #Investing #AggregationRule #backdoorroth #megabackdoorconversion #nondeductibleira #Rollover #roth5yearrule #rothconversion #SIMPLEIRA2yearrule #Steptransaction #trusteetotrusteetransfer #BackdoorRothIRA #AggregationRule #backdoorroth #megabackdoorconv...

Roth IRA's have two different 5 year rules. Learn More: ... ( 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 Roth IRA is a great retirement savings plan that has gained popularity over the years. It works by allowing individuals to invest their after-tax income in the account and withdraw tax-free during retirement. However, there are two crucial 5-year rules that every Roth IRA investor should be aware of. The first 5-year rule applies to the earnings on the Roth IRA investments. The Internal Revenue Service (IRS) requires a minimum of five years before an investor can withdraw the investment earnings tax-free. This means that any earnings generated through the Roth IRA account will be subject to a 10% penalty if the account holder withdraws them before the 5-year period is over. It is essential to note that this rule applies to earnings on...

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 affo...

I find one of the most confusing set of rules for retirees are the three 5 year Roth IRA rules. Often they each are referenced as 'The 5 Year Roth Rule' as if there is only one rule. However, there are three and each carries a different penalty for non-compliance. The worst part about these penalties is that they destroy wealth in your most valuable retirement account : Roth IRA. The confusion around these rules has been compounded in recent years. As recent as 2020, the estate planning rules have changed thus changing one of these rules. In this video, we simplify and explain these rules in layman's terms. We cover: 1. The 5-Year Contribution Rule 2. The 5-Year Conversion Rule 3. The 5-Year Inheritance Rule If you have any questions, please post them in the comments and we will make sure you get the answers you need. - - - - - - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan" &#x1f...