Timothy Sumer

This week, Samantha Meiners, Justin Steinbecker, and Aaron Bahr explain how you can use a Traditional IRA for last-minute tax-saving deductions this tax season. A new Tax Tip every Tuesday with Hawkins Ash CPAs. Your tax questions answered in under 60 seconds. Hawkins Ash CPAs is a full-service public accounting firm providing individuals, businesses and organizations the services they need to save taxes, preserve wealth and maintain compliance. We have offices in Wisconsin and Minnesota. #taxtiptuesday #tax #taxseason #shorts... ( 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 Tax Tip Tuesday #SHORTS: Last Minute Tax Saving Deductions - Traditional IRA As tax season approaches its end, many individuals are looking for last-minute opportunities to reduce their tax liability. One effective strategy to consider is contributing to a Tradi

There are two main types of IRAs, the Traditional and the Roth. The Traditional IRA allows you to contribute money that has not yet been taxed. This is considered pre-tax income. A Roth IRA is where you contribute funds you’ve already paid taxes on. This video talks about how these two differences can affect you. ⏱ Time Stamps: 00:00 Intro 00:56 Tax Differences 01:53 Early Withdrawals 03:26 Required Minimum Distributions (RMDs) 04:17 Income Limits 05:15 Tax Free Growth 05:53 Deadlines and Limits 06:17 Which is best for you? 07:11 Outro #TheWealthWorkshop #personalfinance "If you're looking to build your wealth mindset, come on into the workshop!" ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂ What we use to track and build our wealth: ► M1 FINANCE Open an account and start investing: ▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂▂ ➤ CONTACT (for business inquiries only): thewealthworkshopofficial@gmail.com DISCLAIMER: None of this is meant to be construed as investment advice. We are not financial advisers. Th