Timothy Sumer

///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you. TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website: twitter: @travissickle Instagram: facebook: LinkedIn: Sickle H

In this video, I'm talking about the contribution and income limits for 2023 for the 401k, solo 401k, 403b, 457, SEP IRA, SIMPLE IRA and Roth IRA retirement plans. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guid

If you are wondering how contributing to an IRA reduces your taxes this video is for you! I'm talking about how contributing to a traditional IRA can reduce your taxes and NOT a Roth IRA. They are two different types and hopefully by the end of this video you can understand the difference and how they are taxed. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth buildin

What can you invest inside of a Roth IRA? The Roth IRA is a type of retirement account that can give you tax-free growth in retirement. You can invest in a wide range of investments inside of the Roth IRA depending on where your Roth IRA is opened. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the

Adding your spouse to your solo 401k can help you to reduce your taxes and save more for retirement. While a solo 401k is only for employers who have no full time employees, adding your spouse is still possible. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face

In this video, I'm talking about the SEP IRA and Roth IRA together to help you save more and lower your taxes. Using multiple retirement plans together can get a little more complicated and I'm sharing what I would want to know about these two plans. 00:00 Intro SEP IRA + Roth IRA 00:55 Who should consider the SEP IRA? 01:26 Who should consider the Roth IRA? 2:00 SEP IRA Contribution and Income Limits 2:44 Roth IRA Contribution and Income Limits 5:05 SEP IRA contribution calculation 6:29 S-Corporations and the SEP IRA 7:33 Backdoor Roth IRA contributions 8:28 IRS Publication 560 8:56 SEP IRA Contribution Rate Sheet 10:00 IRS Publication 590-a 10:20 MAGI for Roth IRA worksheet 10:55 Publication 590-b 11:19 Retirement Plan Rollover Chart 11:55 Issue #1 14:23 Issue #2 14:32 Issue #3 17:00 Issue #4 ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: -----------------------------------------------------

If you are a small business owner or independent contractor with a solo 401k you may have a problem doing a Roth conversion or mega backdoor Roth. Knowing why your plan can't allow these contributions and what you can do to fix it early can help you max your Roth Solo 401k. ----------------------------------------------------- Join this channel to get access to perks: ----------------------------------------------------- ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial de

Backdoor Roth IRA Pro Rata Rule Explained. I'm going over the Pro Rata Rule for the backdoor Roth conversion strategy in this video. 1. What is the Pro Rata Rule 2. What is the Pro Rata Rule Formula 3. Example of the Pro Rata Rule 00:00 Intro 00:41 Roth IRA Income Limits 1:55 Pro Rata Rule 3:59 Pro Rata Rule Formula 4:22 Pro Rata Rule Example 5:40 Pro Rata Rule Tips ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and

In a backdoor Roth conversion how are gains taxed using the pro rata rule? I'm going through an example and explaining how gains are taxed in the pro rata rule. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: ----------------------------------------------------- The Incredible Penny Get investment or financial planning advice START HERE TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP® CERTIFIED FINANCIAL PLANNER™ Company Website: twitter: @travissickle Instagram: Facebook: LinkedIn: Sickle Hunter Financial Advisors 1646 W Snow Avenue Suite 144 Tampa, FL 33606 Check out Google Business Profile ------------------------------------------------------- Gear Used in Videos Income Protection: You have a 1 in 4 chance of becoming unable to work due to disability. Your Breeze Disability Insurance policy will replace part of your lost income if and when you need it. Apply here Partnership referra