Timothy Sumer

Maximize your retirement with the right IRA! Traditional or Roth, which one suits you best? 🤔 Let's dive in and find out! #RetirementPlanning #InvestSmart #IRADecisions... ( 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 planning for retirement, Individual Retirement Accounts (IRAs) have become a popular choice for many individuals. There are two types of IRAs: traditional and Roth. Each option has its own advantages and disadvantages, making it essential to understand their key differences to determine which one is right for you. One of the main differences between traditional and Roth IRAs lies in the time at which you are taxed. In a traditional IRA, contributions are made with pre-tax dollars, meaning you can deduct them from your taxable income for the year. However, when you withdraw funds during retirement, the

Reach out to your tax planner to see if this is an opportunity for you. Do you have something you'd like to see in our next video? Let us know! DISCLAIMER: The content in our YouTube videos are for educational purposes only . Everyone's situation is different. This is a generalized discussion and there are other factors involved in making an informed decision. In order to make the best decisions, contact your trusted advisor and tax planner to discuss the details of your specific circumstances.... ( 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 As of January 1, 2021, the Simple IRA retirement plan has expanded to allow for Roth contributions. The change was made as part of the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which was signed into law on December 20, 2019. Previously, Simple IRA contribution

It’s becoming more common for retirees to take on small self-employment gigs in retirement to generate some additional income and to stay mentally active and engaged. But, it should not be overlooked that this is a tremendous wealth-building opportunity if you know the right strategies. There are many, but in this article, we will focus on the “Solo(k) strategy.” Contact Michael Ruger with Questions: 518-477-6686 or mruger@greenbushfinancial.com Visit our website: Subscribe to our channel for more financial planning tips: #solok #retirement #selfemployed #greenbushfinancial... ( 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 https://inflationprotection.org/self-employment-income-in-retirement-use-a-solok-plan-to-build-wealth/?feed_id=51360&_unique_id=63a02cea0c163 #Inflation #Retirement #GoldIRA #Wealth #Investing #howdo