While many of our clients establish an IRA using funds from a previous employer, or maybe even new funds from their checking account, it is also possible to inherit an IRA from a loved one or family member. Inherited IRAs are very similar to their non-Inherited counterparts, but there are some nuances that clients need to be made aware of. Visit www.iTrustCapital.com for more information. ABOUT US The iTrustCapital mission is to validate, educate, and empower millions of investors as we innovate toward a blockchain future. iTrustCapital is a digital asset IRA platform that allows clients to directly buy and sell cryptocurrencies and physical gold in real-time through their retirement accounts. Head to our website now to learn more and set up a Crypto IRA for free. CHECK US OUT Want more information on assets available with iTrustCapital? Questions about the iTrustCapital software platform? Interested in Crypto in your IRA or learning more about Crypto IRAs? iTrustCapital.com CONTACT US →Support Page: →INSTAGRAM: →TWITTER: #crypto #cryptoira #itrustcapital #retirewithcrypto DISCLAIMER This video is for information purposes only. It does not constitute investment advice in any way. It does not constitute an offer to sell or a solicitation of an offer to buy or sell any cryptocurrency or security or to participate in any investment strategy. iTrust Capital, Inc. is not an exchange, funding portal, custodian, trust company, licensed broker, dealer, broker-dealer, investment advisor, investment manager, or adviser in the United States or elsewhere. iTrust Capital, Inc. is not affiliated with and does not endorse any particular cryptocurrency, precious metal, or investment strategy. Cryptocurrencies are a speculative investment with risk of loss. Precious metals are a speculative investment with risk of loss. Cryptocurrency is not legal tender backed by the United States government, nor is it subject to Federal Deposit Insurance Corporation (“FDIC”) insurance or protections. Clients do not receive a choice of custody provider. The self-directed purchase and sale of cryptocurrency through a cryptocurrency IRA have not been endorsed by the IRS or any regulatory agency. Historical performance is no guarantee of future results. Some taxes and conditions may apply depending on the type of IRA account. Investors assume the risk of all purchase and sale decisions. iTrust Capital, Inc. makes no guarantee or representation regarding investors’ ability to profit from any transaction or the tax implications of any transaction. iTrust Capital, Inc. does not provide legal, investment or tax advice. Consult a qualified legal, investment, or tax professional. iTrust Capital, Inc. makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) or omissions from the information contained herein. iTrust Capital, Inc. disclaims any and all liability to any party for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising directly or indirectly from any use of this information, which is provided as is, without warranties. © 2022 iTrust Capital, Inc. All rights reserved....(read more)
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When someone dies, the assets they leave behind are typically distributed according to their last will and testament. But if the deceased had an individual retirement account (IRA), the beneficiary may be able to keep the funds in an inherited IRA. This type of account allows the beneficiary to continue to receive tax-deferred growth on the assets. An inherited IRA is an account set up for the beneficiary of a deceased person's IRA. The beneficiary can use the funds in the account to provide for their retirement needs. The beneficiary has the option to either withdraw the funds immediately or keep them in the account and continue to receive tax-deferred growth. The beneficiary of an inherited IRA must follow certain rules in order to maintain the tax-deferred status of the account. For example, the beneficiary must take required minimum distributions (RMDs) each year. The amount of the RMDs depends on the age of the beneficiary and the type of IRA they inherited. The beneficiary must also abide by the rules of the account, such as not exceeding the annual contribution limit. In addition to taking RMDs, the beneficiary can also rollover the funds in the inherited IRA into a new IRA of their own. This allows them to continue to receive tax-deferred growth on the funds and to maintain control over how the funds are invested. Inherited IRAs can provide financial security for the beneficiary of a deceased person's IRA. It is important for the beneficiary to understand the rules associated with inherited IRAs in order to take full advantage of the tax-deferred growth potential. https://inflationprotection.org/about-inherited-iras/?feed_id=73207&_unique_id=63f7e2be73eb3 #Inflation #Retirement #GoldIRA #Wealth #Investing #inherited401k #Inheritedcrypto #inheritedira #RothIRA #rothiraforbeginners #InheritedIRA #inherited401k #Inheritedcrypto #inheritedira #RothIRA #rothiraforbeginners
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