Changes to Inherited IRAs

The IRS is making more changes to inherited IRAs which will eventually impact many federal employees. The Secure Act took effect in 2020 making changes to inherited IRAs by forcing beneficiaries to distribute all funds in a 10 year time period. This year the IRS decided to make more changes and require some beneficiaries to take RMDs....(read more)

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Inherited IRAs, also known as beneficiary IRAs, are accounts that are passed down to a beneficiary after the death of the original account holder. These accounts are a great way for individuals to pass down their retirement savings to their loved ones, but recent changes to inherited IRAs have made it more complicated for beneficiaries to manage them. The biggest change to inherited IRAs is the new rule that requires non-spouse beneficiaries to take required minimum distributions (RMDs) within 10 years of the account holder’s death. This means that beneficiaries must take out the entire balance of the account within 10 years, or face a hefty tax penalty. This is a significant change from the previous rule, which allowed beneficiaries to take out only the RMDs each year and leave the rest of the account intact. Another change to inherited IRAs is the new rule that requires beneficiaries to use the “stretch” IRA option. This option allows beneficiaries to stretch out their RMDs over their lifetime, rather than taking out the entire balance within 10 years. This can be beneficial for beneficiaries who want to keep their retirement savings invested for a longer period of time. Finally, the new rules also require beneficiaries to take out their RMDs by December 31st of each year. This is a change from the previous rule, which allowed beneficiaries to take out their RMDs at any time during the year. This change is intended to help beneficiaries better manage their accounts and ensure that they are taking out their RMDs on time. Overall, these changes to inherited IRAs can be confusing and complicated for beneficiaries to manage. It’s important for beneficiaries to understand the new rules and consult with a financial advisor if they need help understanding and managing their inherited IRA. https://inflationprotection.org/changes-to-inherited-iras/?feed_id=72178&_unique_id=63f3433866c4c #Inflation #Retirement #GoldIRA #Wealth #Investing #federalretirement #fersretirement #thriftsavingsplaninvesting #thriftsavingsplanwithdrawal #tspdistributions #tspplanning #InheritedIRA #federalretirement #fersretirement #thriftsavingsplaninvesting #thriftsavingsplanwithdrawal #tspdistributions #tspplanning

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

Birch Gold Group Review 2023 – Best Gold IRA Company? Pros and Cons

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. See chapters in the description. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Chapters: 0:00 - Intro 0:26 - Is Gold a Good Investment? 1:03 - What is Birch Gold Group? 1:37 - IRA Eligible Coins 1:59 - Is Birch Gold Group a Legitimate Company? 2:50 - How Does Birch Gold Group Work? 3:34 - Birch Gold Group’s Fees and Investment Options 4:02 - Birch Gold Group Low Minimum Investment 4:29 - Birch Gold Group Storage and Security 5:34 - Con #1 – No Overseas Storage Options 5:49 - Con #2 – Initial Setup Fees 6:02 - Birch Gold Group Review Summary Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a

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