Timothy Sumer

"Is it worth contributing to a Roth IRA after 50?" One of the advantages of a Roth is that you can contribute at any age. You can determine the amount you need for retirement and then calculate how much you need to contribute based on the age at which you want to retire. Then you can start contributing. Another amazing thing about the Roth is your ability to make back-door contributions. 📌Save it for later 💯 📌Like, share and comment 👇 👉 Follow @christianiecarty for more Insightful Content 👉 Follow @christianiecarty for more Insightful Content . . . . Hashtags:- #taxadvisor #taxtips #taxplanning #wealthplanning #taxconsultant #financialadvisor #financialplanning #taxes #financialfreedom #financialeducation #incometax #rothira #financialfreedom #retirementplan #wealthbuilding #Iracontributions #retirementplanning #contentcreator #reels... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA T

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Can I retire in 2 years with what I have? What happens if I run out of income before I run out of life? Will my spouse be okay? In this study, we'll take a look at being 60 and married with $1,200,000 in your 401(k). Can you retire in 2 years? 0:26 Introduction 1:16 Case Study 2:05 Industry vs Us (Blue Ridge Wealth) 3:58 Plan for Everything 4:26 Objectives/Concerns 5:37 Income 7:43 Investments 8:16 Future Value Calculator 11:24 Taxes 12:40 Tax Brackets 15:00 Healthcare 15:46 Family/Legacy 18:02 Summary 18:35 Mind the GAP 19:42 Growth 20:19 Access 21:28 Protection 22:45 Fund Distribution 24:46 Conclusion 26:11 Outro A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit Lea

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 63 and retired with $2,000,000 in your 401(k). Should you convert to a Roth IRA? 0:15 Introduction 0:45 Disclaimer 1:20 Case Study 1:45 Plan for Everything 2:16 Current Situation 3:26 Roth Conversions 5:24 401(k) vs Roth IRA 9:45 Tax Brackets 11:37 Impact of RMDs 12:52 Starting Distribution Tax 14:27 How Much to Convert? 15:28 Medicare Part B 17:06 Conclusion A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit Learn more by visiting our website: #incomeplanning #retirementplanning #retirementin

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 69 and retired with $1,600,000 in your 401(k). Should you convert to a Roth IRA? 0:25 Introduction 0:58 Case Study 1:05 Plan for Everything 1:40 Current Situation 2:17 Disclaimer 2:54 Roth Conversions 4:30 401(k) vs Roth IRA 9:42 Tax Brackets 11:17 Impact of RMDs 12:10 Starting Distribution Tax 13:11 How Much to Convert? 13:38 Medicare Part B 14:35 Conclusion A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit Learn more by visiting our website: #incomeplanning #retirementplanning #retirementin

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 64, single, and retired with $1,800,000 in your 401(k). Should you convert to a Roth IRA? 0:21 Introduction 1:58 Disclaimer 2:14 Case Study 2:25 Plan for Everything 2:48 Current Situation 3:25 Roth Conversions 4:32 401(k) vs Roth IRA 8:43 Tax Brackets 10:10 Impact of RMDs 11:11 Starting Distribution Tax 11:56 How Much to Convert? 12:14 Medicare Part B and D 13:04 Conclusion A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or visit Learn more by visiting our website: #incomeplanning #retirementplannin

Schedule a free virtual or in-person consultation by visiting We are based in Knoxville and Chattanooga! Would a Roth Conversion improve my tax efficiency? What happens if I run out of income before I run out of life? Will my spouse be ok? In this study, we'll take a look at being 61 and working with $3,000,000 in your 401(k). Should you convert to a Roth IRA? 0:24 Introduction 1:25 Disclaimer 2:04 Case Study 2:21 Plan for Everything 2:50 Current Situation 4:07 Roth Conversions 7:13 Income Now & Income at 65 8:48 Income at 70 9:10 Impact of RMDs 11:44 401(k) vs Roth IRA 16:18 Tax Brackets 18:06 Starting Distribution Tax 20:09 How Much to Convert 21:26 Net Investment Income Tax 22:15 Medicare Part B & D 23:31 Conclusion A successful retirement plan means having a clear and achievable plan for your taxes, income, investment, healthcare, and legacy. If you are missing a piece of your financial puzzle or just want a second opinion, contact us at 865-392-4260 or vi

LFS 5-Minute Planner Series In this video, we will guide you through the decision to either leave your 401k with your employer or move it to your own IRA account. Get notified when we release our next 5-Minute Planner video, subscribe to our Market Updates: #PersonalFinance #Retirement #Money #WealthAdvisor IMPORTANT NOTICE This presentation is intended to serve as a basis for further discussion only. Although great effort has been taken to provide accurate numbers and explanations, the information in this presentation should not be relied upon for preparing tax returns or making investment decisions. Assumed rates of return are not in any way to be taken as guaranteed projections of actual returns from any recommended investment opportunity. The actual application of some of these concepts may be the practice of law and is the proper responsibility of your personal attorney. Disclosure: Securities offered through Fortune Financial Services, Inc. Member FINRA/SIPC.