Timothy Sumer

The contribution limit for the Roth IRA is lower than the 401K, but your Roth IRA can help you supplement your retirement income. Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 ➡️ 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📖 My YouTube Studio & Equipment 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - How to Invest in an HSA - Become a TSP Millionaire - Financial Independence Calculator - ⏰ Table of Contents ⏰ 0:00 Roth IRA Calculator 2:53 Roth IRA at Age 30 3:30 Roth IRA at

How much do you need to invest every year to have $1 million in tax-free money in your Roth IRA? How can your Roth IRA supplement your pension income? Did you know that you can use the Roth IRA for your early retirement? Want to create live streams like this? Check out StreamYard! ➡️ Private Group Coaching with Psy ➡️ 🤳 Psy on TikTok, Facebook, Instagram 🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 Free Financial Coaching 👩‍🏫 Schedule a free 20-minute Individual Coaching Session Schedule a free 30-minute Couple's Coaching Session ➡️ 📧 Email: hello@firepsychat.com 📖 What’s on my display shelf? 📖 ➡️ For sponsorships and business inquiries ➡️ media@firepsychat.com 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How We're Saving 70% of Income (2023) - My $1.1 Mil Fat FIRE Progress (Sep 2022) - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - Ho

A Spousal Roth IRA is for stay-at-home spouses and parents who file their taxes jointly with their spouses with active income. 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - HSA vs FSA - Is Cash King or Trash? - Tax-Free Dividend Income - Pay 0% Capital Gains Taxes - For sponsorships and business inquiries, please contact media@firepsychat.com. #FIREPsyChat #SpousalRothIRA 🎵 Music and Sound Effects Provided by Epidemic Sound 🎵 Disclaimer: I am not a financial advisor. I am solely sharing my personal experience and opinio

What is a Roth IRA vs a Traditional IRA? What are the differences between the two and which one is the best fit for your finances? Let's break down the two different types of IRAs (Individual retirement account ) to better understand what's going on. - IRA contribution limits - IRA withdrawal restrictions - Important ages to know for an IRA - Roth IRA vs Traditional IRA, which should you invest in? #rothira #traditionalira #retirement 🔥Join this channel to get awesome perks🔥 🔥Or support us on Patreon🔥 ☑️Love our content? Subscribe!☑️ ☑️Our website: Follow us: Facebook: Instagram: Twitter: DISCLOSURE: We are not financial advisers. The ideas presented in this video are for entertainment purposes only. Although the information is researched and vetted beforehand, it may not be up to date at the time of viewing. Please do your due diligence and research on the topic. You (and only you) are responsible for the financial decisions that you make.... ( rea

The IRS increased the contribution limit from $6,000 to $6,500 starting in 2023. Here are some common mistakes you should avoid while you're contributing or investing in your Roth IRA. 🤳 Social Media🤳 📖 Get Your Free Financial Spreadsheets and Resources 📖 ➡️ 👨‍🏫 1:1 Financial Coaching 👩‍🏫 Schedule a free 20-minute 1:1 Coaching Session Schedule a free 30-minute 1:2 Couple's Coaching Session ➡️ Introductory Forum: 📧 Email: hello@firepsychat.com 📖 What’s on my bookshelf? 📖 ➡️ 📷 Additional FIRE Videos Mentioned In this Video 📷 Our $3.7 Mil Fat FIRE Plan - How to Become an Ordinary Millionaire - How to Start F.I.R.E - The Ultimate F.I.R.E Guide - HSA vs FSA - Is Cash King or Trash? - Tax-Free Dividend Income - Pay 0% Capital Gains Taxes - For sponsorships and business inquiries, please contact media@firepsychat.com. ⏰ Table of Contents ⏰ 0:00 Roth IRA in 2023 2:26 Spousal Roth IRA 4:53 Contribution, Conversion, Earnings, Rollovers 7:33

Roth IRA vs Traditional IRA - Which IRA is the BEST option for you? Is one better than the other? In this video, I'll go over the similarities and differences of these two Individual Retirement Accounts known as IRAs. To name a few we'll discuss the annual max contribution, tax benefits, and contribution eligibility. Also, I'll share which IRA type I contribute to. AGI Calculator - MAGI Calculator - Roth IRA Calculator - Roth vs. Traditional IRA Calculator - Backdoor Roth IRA - CHECK OUT MY LINKS: JOIN M1 Finance: Get a FREE $50 - Where I invest my Dividend Stocks & Roth IRA FREE Annual Budget Expense Tracker: FOLLOW Me On Instagram ================================================ CHAPTERS 0:00 Intro 0:34 What is an IRA? 1:02 Similarities 1:43 Traditional Pre Taxes 2:00 Roth Post Taxes 2:38 Roth Annual Limits Single 3:24 Roth Annual Limits Married 4:12 Withdrawal Rules 5:17 Which is Best for You? 6:33 Outro #RothIRA #RothVsTraditional #Traditi