Timothy Sumer

In this video, learn about new rules and rule changes coming to 401k plans in 2023 including changes to contribution limits, employer matching contributions, and more. Thanks for watching, if you enjoyed the video please leave a like and subscribe to our channel for more weekly content! Here are a few ways that we might be able to help; 1. Watch our free educational videos here on our YouTube Channel 2. Like the Money Evolution Facebook Page. Additional investment and retirement planning content, including Live Stream Market, updates not on the YouTube Channel. 3. Our WealthVision Comprehensive Financial Plan: 4. Learn more about our Retirement Planning Course The Retirement Time Machine Tracking: 410915-1... ( 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 401(k) New Rules and Rule Changes Explained The world

In this video, I delve into the newly introduced Roth SEP IRA in 2023 and compare it with other retirement plans like the solo 401K. If you're considering the Roth SEP IRA, you'll want to understand the limitations, potential tax consequences, and why it might not be the best option for you. Join me as I break down the complexities and offer insights that could save you time and money in planning your retirement. Feel free to drop your questions in the comments below, and don't forget to subscribe for more financial guidance! ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to you

529 to Roth IRA Rollover One big change from Secure Act 2.0 was the allowance of money to be rolled from a 529 account to a Roth IRA beginning in 2024. There’s a lot of fine print, which we’ll cover in a minute. But if you do everything correctly, you will be able to transfer up to $35,000 in your lifetime from a 529 account to your Roth IRA. That lifetime $35,000 limit is per person. And, you can do this transfer regardless of your income. Which is a big potential benefit for high income households who earn too much to be able to do regular Roth IRA contributions. Here’s the fine print you need to know about in order to take advantage of this. First, the 529 must have been opened for 15 years before you do the transfer to a Roth IRA. And, no 529 contributions, or earnings from contributions from the last 5 years are allowed to be transferred. Next, the owner of the Roth IRA must be the beneficiary of the 529. Most 529s are set up with a parent or grandparent as the

Nick Lowitt, Peak Pro Financial Vice President of Sales Development, breaks down a simple strategy to help non-spousal inherited IRA beneficiaries minimize taxes, supplement retirement income and build a tax-free legacy.... ( 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 Inheriting an individual retirement account (IRA) from a loved one can be both a financial blessing and a complex dilemma. While it offers an opportunity for wealth transfer, the rules regarding inherited IRAs can often be confusing and leave individuals in a quandary. However, recent changes have been made that aim to simplify the inherited IRA dilemma. Traditionally, when a non-spouse beneficiary inherited an IRA, they were required to take distributions from the account over their lifetime, also known as the "stretch IRA" strategy. This allowed beneficiaries to ex

... ( 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 Can You Still Do the 529 to Roth Rollover if You Maxed Out Your Backdoor Roth IRA? Saving for your child's education is an important financial goal for many parents. One popular option is utilizing a 529 college savings plan, which offers tax advantages and allows your savings to grow over time. However, what if you have also maxed out your backdoor Roth IRA contributions? Can you still perform a 529 to Roth rollover in this scenario? Let's dive into the specifics. Firstly, let's briefly understand what the backdoor Roth IRA is. The backdoor Roth IRA is a strategy used by individuals whose income exceeds the limits set for contributing directly to a Roth IRA. By employing this tactic, one can make contributions to a traditional IRA and then convert them into a Roth IRA, benefiting f

FEDLIFE Podcast (Ep. 91) Mastering Retirement Planning: Understanding The SECURE Act 2.0 and the Future of Roth TSP Summary: Planning for retirement can be overwhelming, especially when dealing with legal changes. But fear not. In this riveting episode, Ed Zurndorfer and Dan Sipe delve into the SECURE Act 2.0 and its impact on Roth TSP participants. They explore the elimination of required minimum distributions (RMDs) for Roth IRAs and the unique challenges it poses for those with combined traditional and Roth TSP accounts. Get ready to navigate the benefits of rolling over Roth TSP accounts to Roth IRAs and gain a deep understanding of the reasoning behind the elimination of RMDs for Roth retirement plans. Ed and Dan discuss: • The SECURE Act 2.0 and the elimination of RMDs on Roth retirement plans - • How TSP participants can choose to roll over their Roth TSP account to a Roth IRA tax-free account • Why you should consider enrolling in Medicare Part B and its benefits •

Ed Slott tells Dean Barber his thoughts about how the SECURE Act impacted retirement planning . For more info about this episode visit: Ed's new book: The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings by Ed Slott - Elite IRA Advisor Group - Episode 31: How to Avoid the Biggest Tax Traps with Ed Slott - Schedule a Complimentary Consultation with a Barber Financial Group Advisor - ... ( 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 Ed Slott is a renowned financial advisor, accountant, and author known for his expertise in retirement planning . Recently, he was featured on The Guided Retirement Show to discuss the SECURE Act and its impact on retirees. The SECURE Act, or Setting Every Community Up for Retirement Enhancement Act, was signe

Have a question? Feel free to reach out at (240) 285-9820 Schedule an appointment at For free resources: visit - Presentation slides - 2023 Key Data Sheet (all the tax numbers broken down) - 2023 Retirement Checklist - Summary List of all provisions There are 92 tax changes headed your way. Regardless of age, if you are investing for or already retired, there is something for you in this legislation. That is why I recorded this video and am sharing 4 important free resources to help you navigate the host of changes being implemented over the next three years. Changes relating to: - RMD start dates - 529 plan rollovers - Contribution limit increases - Penalty changes - Exclusions Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and D’Andrea Financial, LLC are not

Harvard Law Attorney George Blower leads an in-depth discussion of the 2022 and 2023 Mega Backdoor Roth Solo 401k Self-Directed Solo 401k Contribution Limits & Types for self-employed businesses taxed as Sole Proprietors, 1099-NEC/MISC Independent Contractors, Single Member LLCs including Secure Act 2.0 Update! LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $61,000 (or even $66,500 if you are 50 or older) for 2022 (for 2023: $66k or $73.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alterna

Today Dr. Dahle walks you through what changes are coming with Secure Act 2.0. He will take you through everything step by step to hopefully make sense of all of the changes for you. He also answers your questions about the backdoor Roth, estate planning, tax loss harvesting and more. If you want to read more about Secure Act 2.0 click the link: What’s changed in healthcare? The opportunities, the lifestyle, and you. Your needs, wants, and goals are probably different than they were five years ago. Now’s the perfect time to explore locum tenens opportunities. Start your research at an unbiased, educational resource. You’ll hear true stories from physicians, learn about specialty trends, compare locums agencies, and more. Locums could be an essential part of a career that adapts to your needs. Visit The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and re

In today's video, Marvin Musick from Medicare School announces the breaking news of a HUGE spending bill passed into law recently that impacts YOU & all Senior Citizens! In the 1.7 trillion dollar spending bill, 14.1 billion was allotted for the SSA, Social Security Organization to help them with their customer support crisis due to the SSA budget decreasing over the years while SSA beneficiaries are 21% higher. Secondarily, this new law includes a package of provisions, known as the Secure Act 2.0 which will expand workers' access to retirement plans and gives senior citizens the ability to contribute to and maintain those accounts. The Secure Act was put into law in 2019, and this is being viewed as a new and improved version of those laws. Secure Act 2.0 passed this year, which means big changes for all senior citizens after this huge spending bill passed into law. SECURE is an acronym for "Setting Every Community Up For Retirement Enhancement"

Please join TODAY Friday 1/20/2023 at 1:00 pm Pacific/4:00 pm Eastern as Harvard Law Attorney George Blower leads an in-depth discussion of the 2022 and 2023 Mega Backdoor Roth Solo 401k Self-Directed Solo 401k Contribution Limits & Types for self-employed businesses taxed as S-corporations, C-corporation, LLCs taxed as S-corporations/C-corporations including Secure Act 2.0 Update! LEARN MORE: The solo 401k plan, commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $61,000 (or even $66,500 if you are 50 or older) for 2022 (for 2023: $66k or $73.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate,

The SECURE Act "2.0" has finally been released and it brings some of the biggest changes and impact to retirees to date. In this video, Thiago Glieger discusses some of the most important changes that will impact retirees across the nation, and how you should be addressing each new change going forward. [HOW TO CREATE YOUR RETIREMENT PORTFOLIO] [REDUCE TAXES WITH THIS PERSONAL TAX GUIDE] [WHY FIDELITY IS WRONG ABOUT YOUR RETIREMENT] 0:00 Understanding the rule 1:10 Most anticipated change 1:49 RMD chart 2:21 Tax Planning Window 3:43 Penalties 4:29 Roth changes 5:18 529 changes 6:51 Spousal changes 9:19 IRA catch-up contribution 10:09 Roth RMDs 10:49 Roth matching contributions 11:29 $145K income and over restrictions 12:00 Catch-up for 60 and older ----------------------------------------------------------------------------------------------------------------------- ►Want to see more of our videos? Click here: ►Visit our federal employee retirement webs

Will This New Law Change Your Retirement? - Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: On this episode of the Retire Once Show, Johnathan and Melissa discuss the new Secure Act 2.0. This law has over 100 different retirement provisions. There are so many changes that this law impacts and on this episode, we cover the top changes that are coming with the new Secure Act 2.0. With everything from new ages for RMD (required minimum distributions) to an increase coming to catch-up contributions, there are so many things to unpack in this 4100 page law. If you have questions or comments for the show email us Retire@theoremwm.com or head to www.Retireonceshow.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management 🎁 [ULTIMATE RETIREMENT TOOL KIT] 👍 [SCHEDULE A CONVERSATION] 😁 [REACH OUT ON FACEBOOK] ➡️ [CONNECT

Big Changes Coming to Retirement Accounts - The Secure Act 2.0 Free Online Resources: Retirement Planning Online Course: Martinsen Wealth Management ... ( read more ) LEARN MORE ABOUT: Retirement Planning REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/secure-act-2-0-big-changes-coming-to-retirement-plans/?feed_id=49512&_unique_id=63991da67a6dc #Inflation #Retirement #GoldIRA #Wealth #Investing #employeematchonstudentloans #newcatchupprovisions #retirementplanningat65 #secureact #secureact2 #secureact2.0 #secureact2.0details #secureact2.0explained #secureact2.0highlights #secureact2.0news #secureactexplained #457Plan #employeematchonstudentloans #newcatchupprovisions #retirementplanningat65 #secureact #secureact2 #secureact2.0 #secureact2.0details #secureact2.0explained #secureact2.0highlights #secureact2.0news #secureact