Timothy Sumer

We help people who are entering retirement or want good retirement strategies to create retirement monies they can never outlive. Schedule a no-obligation consultation with me directly: Get your complementary consultation for a tax-efficient retirement plan. Also, pick up one of our FREE life guides: ***Connect with us on Facebook: *** *** Visit us online at: www.JustAskFreeman.com *** Financial Sources Inc. 6111 Ivy Ridge Ct Upper Marlboro, MD 20772  TEL: (301)627-0123 | www.JustAskFreeman.com... ( 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 Converting Traditional IRA to Roth IRA - Tax Strategies When it comes to retirement planning and saving for the future, Individual Retirement Accounts (IRA) are a popular choice among investors. These accounts offer tax advantages and are designed to help individuals grow their savin...

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...

Generally, if you receive a distribution from an IRA or qualified retirement plan prior to reaching age 59 1/2, you pay a 10% penalty tax (in addition to the ordinary income tax) on the distribution. However, if you retire on or after reaching age 55, you may be able to receive penalty-free distributions from your employer's qualified retirement plan (such as an employer-sponsored 401(k), 403(a), or 403(b). In this presentation, we discuss the general requirements, exceptions, and reporting surrounding the rule of 55.... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Tenth of an Hour: Episode 111 - Rule of 55: Early Distributions from Qualified Retirement Plans retirement planning is a critical aspect of every individual's financial journey. As we work towards ensuring a secure future, understanding the...

Brenden Healy, Tax Partner of Whittlesey discusses retirement plans. There are a number of options available to the business owner and the taxpayer to properly plan for their retirement while saving tax dollars today. Things like a Simple IRA, SEP IRA, Solo 401k plan , and Cash Balance Plans. To learn more visit: Contact: 860.522.3111 marketing@wadvising.com 280 Trumbull Street, 24th Floor Hartford, CT 06103 Music: ... ( 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 Saving tax dollars is a topic that is always on everyone's mind, and it is especially significant when it comes to retirement planning . A retirement plan not only helps one save money for the future but also provides potential tax benefits. In this article, we will explore the ins and outs of how to save tax dollars by investing in your retirement plan. Firstly, it is i...

Please consult with a financial advisor or tax pro. Today we are sharing a strategy we used with a client to help them reduce their taxable income but still get money into an IRA as they wished. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 The COVID-19 pandemic has forced many Americans to dip into their retirement savings to cover expenses. As a result, the CARES (Coronavirus Aid, Relief, and Economic Security) Act has introduced a provision that allows taxpayers to withdraw up to $100,...

Learn why conventional wisdom around maximizing out contributions to 401ks and traditional IRAs is wrong and outdated. Mega Back-Door Roth-IRA Strategy - Video Contents 00:00 - The 401k Myth 01:50 - Disadvantages to 401ks and IRAs 27:43 - When You Should Use a 401k or IRA The information in this video is for educational purposes only. Nothing in this video is intended to constitute legal or investment advice. We may receive commissions in exchange for products or services recommended.... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing As an AI language model, I cannot form an opinion or provide any financial advice. However, for informational purposes, it is believed that an article claiming that 401ks and IRAs are bad would likely not be a fair representation of the overall financial industry's view. Bot...

Nobody likes paying taxes, and there are easy ways you can lower your tax bill before the end of the year! Learn more here: 0:00 - How to save on taxes 0:46 - Max out your 401k contribution 1:35 - Max out your Traditional IRA 1:59 - Max out your SEP IRA or Solo 401k 2:21 - Max out your HSA 3:06 - Contribute to a 529 college savings plan 3:52 - Make energy efficient home improvements 4:26 - Maximize work related expenses 5:14 - Donate to your charity 5:48 - Sell your loser stocks 6:11 - Wait to rebalance your portfolio 6:36 - How to be strategic with your tax savings Here's what we're talking about ▶︎ Strategies to save on taxes ▶︎ Different accounts you can use to pay yourself instead of the IRS ▶︎ How to accurately claim expenses ▶︎ Last-minute tax moves ★☆★Resources Mentioned in this video:★☆★ 💵 IRA Contribution Limits: 💵 401k Contribution Limits: 💵 H&R Block: ★☆★ Want More From The College Investor? ★☆...

#selfdirectedira #solo401k #taxstrategies Experience game-changing Self-Directed IRA and Solo 401k strategies Where: Orange Tree Resort 10601 N 56th St, Scottsdale, AZ 85254 Tickets available at: Topics include: •Real estate •Introduction to SDIRAs and Alternative Assets •Maximizing Roth IRAs •Private placements and raising capital •Solo 401ks •IRA/LLC strategies •Tax and legal strategies •Investing in private companies, VC, and fund investing •Cryptocurrency •Note investing What to expect: Hosted by best selling authors and tax attorneys, Mat Sorensen and Mark J. Kohler. Foundational and Advanced sessions will be covered. •9 hours of training from the leading experts. •Q&A throughout each day. •Lunch provided on Day 2 of the Summit. •2 Networking receptions for all attendees. •The complete agenda and topics will be Live and updated on the website. •Continuing Education Certification (CE) for Lawyers, CPAs, and Financial Advisors (9 hours). You will be provided w...

For anybody who is the beneficiary of an inherited IRA, the rules regarding distributions and access to the inherited IRA can be tricky to navigate. In this presentation, we give a fresh look to the general principles of inherited IRAs, including some (but not all) of the changes from the SECURE Act.... ( 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 On Tenth of an Hour, Episode 119, we explore the basics of Inherited IRAs. Inherited IRAs are individual retirement accounts that are transferred to a beneficiary after the death of the account holder. These accounts can be passed on to any person or entity, including spouses, children, grandchildren, and trusts. There are two types of Inherited IRAs: Traditional and Roth. Traditional Inherited IRAs are taxed as ordinary income upon withdrawal, while Roth Inherited IRAs are not taxed, provided the...

It's the beginning of business tax filing season, and the very first deadline is tomorrow, January 17, 2023, for the fourth quarter estimate for 2022. Don't panic, though, as there are still some ways to reduce your taxes, even though the year is already over. There are at least seven strategies that you can use to reduce your taxes for 2022 and continue to reduce your taxes with those same strategies into 2023. Discover the best ways to work out your quarterly estimates and reduce your taxes in this video The deadline for the quarterly estimate is tomorrow, but if you don't want to pay your quarterly estimates and you'd rather keep that cash for yourself, reach out to us at taxgoddess.com, and we'd be happy to try to help. ABOUT OUR CHANNEL Our channel is about educating you about US taxes and helping you with tax reductions that your CPA can't do for you. We cover lots of cool stuff such as: 1- Strategic Tax Coaching 2- Tax Planning 3- Tax Laws ...

A common question I get is, “How much of my retirement should I convert to a Roth IRA?” Everyone’s situation is unique. However, my general advice is if you anticipate your tax rate to ⬆️, and you are currently below the 24% tax bracket, contribute as much as you can into a Roth IRA. Once you hit the 32% tax rate, the strategy changes a bit.... ( 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 https://inflationprotection.org/filling-your-tax-brackets-with-a-roth-ira-conversion-how-much-should-i-convert/?feed_id=54461&_unique_id=63ac10d388027 #Inflation #Retirement #GoldIRA #Wealth #Investing #filltaxbrackets #howmuchshouldIconvert #ROTH #rothconversions #RothIRA #shouldIconverttoaroth #TaxBrackets #taxstrategies #RothIRA #filltaxbrackets #howmuchshouldIconvert #ROTH #rothconversions #RothIRA #shouldIconverttoaroth #TaxBrac...

The IRA rollover provisions allow you to transfer funds from an IRA or retirement plan to another IRA or retirement plan, so long as 60 or fewer days elapse between the first distribution and the depositing of the funds. We have previously examined how this 60-day deadline can be waived if circumstances out of the control of an IRA owner prevent a timely rollover. This often includes error by the financial institution. But, in this discussion, we examine whether the failure of a financial institution to warn you about the 60-day deadline is enough to waive the deadline. Further, this ruling serves as a cautionary tale about using IRA funds for a short-term interest-free loan through the rollover provisions, especially for real estate purchases. While the IRS does not dig into your intent, the tax code and IRS Announcements 2014-15 and 2014-32 limit you to one IRA rollover a year, even to a separate IRA.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER ...

#401k #realestatebroker #realtors As a real estate professional, you can have a major edge. There is $35 trillion in retirement accounts in the U.S. that can buy real estate! Bestselling authors, Mat Sorensen and Mark J. Kohler explain a powerful strategy to sell more real estate and walk you through the structure of it step-by-step (you can see the whiteboard diagramming in this YouTube video). Are you a realtor? Are you using a tax free bucket? There are so many gems in this podcast episode that will get you excited about real estate investing with Roth accounts. Additional Resources: The Power of The Solo 401k Episode on Main Street Business Podcast A Download” Investing in Real Estate with an IRA” Quick Start Guide Solo 401k Special - Learn more ---- Schedule a Free 15-minute new account phone appointment with one of our experienced Senior Account Executives regarding a Real Estate IRA or a Self-Directed IRA. ---- 🔊 Found this video helpful? Click t...