Timothy Sumer

In this video I cover the highlights of the recent changes announced for the Social Security program beginning in 2024. Resources mentioned in the video: →Social Security Cheat Sheet →My video “How Social Security Retirement Benefits Are Calculated [3 Easy Steps]” →My video “Working While Receiving Social Security (The New 2024 Rules)” 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings last longer and reduce your taxes by coordinating your Social Security filing strategy, retirement account withdrawals, and Roth conversions. 📞Schedule your call and see if this plan is a fit for you. 🎤 If you're preparing for retirement or already enjoying it, you'll definitely want to catch my podcast, Big Picture Ret

Are you navigating the Social Security jungle and wondering when to take your benefits? In this episode of the Retire With Purpose Podcast, we explore two methods that can be leveraged to determine how to maximize the money that ends up in your pocket. Join us as we discuss: * Why some elements of Social Security are commonly overlooked * Where Social Security calculators and software fall short * How to calculate your minimum and maximum benefit * Factors that impact your Social Security claiming strategy * Breakeven analysis vs. present-value calculations * Why the concept of utility should be implemented into your decision 📅 SCHEDULE A CONSULTATION: Book a 15-minute call with a Howard Bailey Advisor to see how the topics discussed here apply to your individual situation: 📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: ==================== ABOUT YOUR HOST CASEY WEADE: Casey We

While we often focus on tax-efficient withdrawals, it's just as important to consider the tax implications of your savings plan throughout your lifetime. The question we all face at some point is whether we should prioritize tax savings today or in the future. In this video we walk through how to analyze the trade-offs and figure out which savings bucket can give you the most tax-efficient outcome. We'll focus on the decision between contributing to a pretax 401(k) or a Roth 401(k) and break down the pros and cons of each. By the end of this video, you'll have a better understanding of how to make the right choice for your unique financial situation and goals. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📍We can show you how to retire with confidence! 📍In our Retirement Roadmap plan, we can help make your retirement savings l

In today’s video we’ll cover the 2023 Medicare part B premium and talk about how this premium can increase drastically. If you don’t know the rules, these premium increases can take you by surprise and hit hard! So today, I’ll cover how this works and tell you how you can appeal the higher premiums and get the additional surcharge removed. Get your own written retirement income plan here Download the Retirment Planning Cheat Sheet here Here are some additional resources to continue learning about Medicare premiums: IRMAA Reconsideration Form Medicare Premiums: Rules For Higher-Income Beneficiaries POMS Policy for MAGI POMS section on IRMAA Reconsideration 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn:

Claiming Social Security at 62 has long been the most popular age to file…but things are starting to change. In fact they’ve been changing over the past several years and now the data is becoming more clear that fewer people are filing at 62. In this video I’ll tell you three reasons why we are seeing these changes and share some thoughts with you that may help you make a more informed decision about when to file. Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- 📊 Get a customized Social Sec

In this video I'll be covering the earnings limit rules that’ll be effective for 2022 and then answer some of the top questions that I’ve been asked since I made the 2021 update video. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📊 Get a customized Social Security filing plan. Start with a complimentary 15-minute consultation with my team of Registered Social Security Analysts ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- Video: Social Security...What Counts As Income? → Financial Advisors! Become an RSSA and discover how Social Security expertise can unlock massive opportunities for your practice -- 🧑‍💻 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Co

There are five simple steps that you can take to reduce (or even ELIMINATE) the taxes on Social Security. Optimize your retirement plan with Devin and his team. Get started with a complimentary 15 minute phone call. Schedule at 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📊 Get a customized Social Security filing plan. Start with a 10-minute discovery call with my team of Registered Social Security Analysts ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- → Financial Advisors! Become an RSSA and discover how Social Security expertise can unlock massive opportunities for your practice -- 🧑‍💻 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File

If you are married, figuring out when you and your spouse will each take Social Security retirement benefits can be a complex decision with more than a few unintended consequences. Here are three questions that can help you make the best decisions for your Social Security benefits individually and as a couple. Resources mentioned in this video: My video: Calculating Social Security Spousal Benefits with Dual Entitlement Spouse's Guide to Social Security Survivor Benefits 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 📊 Get a customized Social Security filing plan. Start with a 10-minute discovery call with my team of Registered Social Security Analysts ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- → Financial Advisors! Become an RSSA and discover how Social Secu

Age can be a determining factor in whether or not you qualify for Social Security Disability benefits. If you are under the age of 50, you must be able to prove that your disability has lasted or is expected to last at least one year before you can receive benefits. Those over the age of 50 need only demonstrate that their impairment is severe enough to prevent them from doing any type of substantial gainful activity. Age does not play a role in determining whether or not you qualify for VA benefits. However, veterans who have served during wartime may be able to receive additional compensation based on their age and length of service. Additionally, veterans over the age of 65 are eligible for an increase in their disability compensation. 🔶 Helpful resources for disabled veterans ------------------------------------------------ 🔴 Social Security Disability Benefit Videos SSI SSDI 🔵 If you are looking for a Nexus Letter for Mental Health and all other Medical Con

Roth conversions have become a hot topic and for a good reason. After paying taxes throughout your working life, it would certainly be nice to strategically reduce taxes during retirement, if feasible. Nevertheless, the viability of a Roth conversion depends on individual circumstances, and after reviewing hundreds of Roth conversion plans, we've observed three primary reasons why a Roth conversion may be beneficial. In this video we'll explore each of these reasons. Want your own Roth conversion analysis? Find out more here 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other

If you’ve read any of the Motley Fool articles you’ve probably seen their closing paragraph. It says “The $16,728 Social Security bonus most retirees completely overlook. If you're like most Americans, you're a few years (or more) behind on your retirement savings. But a handful of little-known "Social Security secrets" could help ensure a boost in your retirement income. For example: one easy trick could pay you as much as $16,728 more... each year! Once you learn how to maximize your Social Security benefits, we think you could retire confidently with the peace of mind we're all after. Simply click here to discover how to learn more about these strategies.” Hmmm..what's this all about? ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income l

The order in which you withdraw your funds during retirement can greatly impact the taxes you owe and the longevity of your savings. In this video, we'll explore a unique approach to taking withdrawals, which is often overlooked. If you're considering retirement or have recently retired, watching this video will provide valuable insights to help you make the most of your savings. 👉🏻 Get a plan that optimizes your retirement income. Start here 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The

Today we're talking about the new proposal to eliminate the taxes on Social Security Benefits. 🔥🔥 Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! 🔥🔥 Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits ✔How to Coordinate Your Social Security Filing Decision with Your Other Assets & Income for a Tax Efficient Distribution Strategy ✔Why This Is The Biggest Decision of Your Retirement Access the workshop today at this link ➡️ Want to take a deeper dive into investment management and financial planning with Devin and his team? -- 📊 Get a customized Social Security filing plan. Start with a 10-minute discovery call with my team of Registered Social Security Analysts → Financial Advisors! Become

It’s a shock to some people when they find out they can’t receive Social Security benefits as soon as they turn 62. The SSA has A LOT of strange rules. But there’s one that takes this to a whole new level and its called the “day before” rule. This rule says that your Social Security birthday is the day before your actual birthday. This has a lot of impact in the Social Security system including a big impact to when you can receive Social Security benefits. ➡️Get the Ultimate Social Security Cheat Sheet! It takes the essential information from the 100,000 page Social Security website and condenses it down to just one page! ➡️Get the retirement planning Cheat Sheet! This simplifies the contributions and income limits, tax tables, and other important rules to just one page. Don’t miss my free online workshop, “How to Choose the RIGHT Age to File for Social Security.” In this workshop you’ll learn: ✔The Most Important Factors to Consider BEFORE You File for Benefits