Skip to main content

Inherited IRA Strategies


With stretch IRAs eliminated, how should your beneficiaries manage an inherited IRA? On this episode of #YourLifeSimplified, Valerie Escobar and Michael MacKelvie share IRA strategies both for owners and beneficiaries. #FinancePodcast  For more information, please visit us online at Subscribe and listen to our podcast, Your Life Simplified Apple Podcasts - Google Play - CONNECT WITH US ON SOCIAL LinkedIn - Facebook - Twitter - Instagram - ============================================= These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing herein should be relied upon as such. The views expressed are for informational purposes only and do not take into account any individual personal, financial, or tax considerations. There is no guarantee that any claims made will come to pass. Disclosures: ...(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
Inherited IRA Strategies: How to Make the Most of Your Inheritance When you inherit an IRA, it can be a daunting task to figure out what to do with it. It's important to understand the rules and regulations that govern inherited IRAs and to develop a strategy to make the most of your inheritance. First, it's important to understand the rules that govern inherited IRAs. Generally, the beneficiary of an inherited IRA must begin taking required minimum distributions (RMDs) within one year of the original owner's death. The amount of the RMD is based on the beneficiary's age and the value of the account. Beneficiaries can also roll over the inherited IRA into their own IRA or other qualified retirement plan. Once you understand the rules, you can begin to develop a strategy for your inherited IRA. One of the most common strategies is to take the RMDs and reinvest them into other investments. This can be a great way to diversify your portfolio and reduce your overall risk. Another strategy is to use the funds from the inherited IRA to pay off debts or start a business. This can be a great way to make the most of your inheritance and put it to work for you. Finally, if you're looking for a way to pass on your inheritance to future generations, you can consider setting up a trust or a charitable foundation. This can be a great way to ensure that your legacy is preserved and that your heirs will benefit from your hard work. No matter what strategy you choose, it's important to consult with a financial advisor to ensure that you're making the best decisions for your particular situation. An experienced advisor can help you develop a strategy that meets your goals and takes into account all of the rules and regulations that govern inherited IRAs. Inheriting an IRA can be a great opportunity, but it's important to understand the rules and develop a strategy to make the most of your inheritance. With the right plan in place, you can ensure that your legacy will be preserved and that your heirs will benefit from your hard work. https://inflationprotection.org/inherited-ira-strategies/?feed_id=71317&_unique_id=63ef4d4335a5c #Inflation #Retirement #GoldIRA #Wealth #Investing #DeceasedspouseIRA #DistributionrulesforInheritedIRA #DistributionrulesforIRAnonspousebeneficiaries #HowdoesSECUREActaffectIRA #inheritedira #ira #IRAStrategies #IRAs #Mariner #MarinerWealthAdvisors #MWA #NewdistributionrulesforInheritedIRA #NewSECUREActandIRAs #ROTH #RothIRA #secureact #SECUREActandInheritedIRA #selfdirectedira #stretchira #StretchIRAStrategies #stretchirastrategy #TenyearpayoutIRA #WhatisaStretchIRA #InheritedIRA #DeceasedspouseIRA #DistributionrulesforInheritedIRA #DistributionrulesforIRAnonspousebeneficiaries #HowdoesSECUREActaffectIRA #inheritedira #ira #IRAStrategies #IRAs #Mariner #MarinerWealthAdvisors #MWA #NewdistributionrulesforInheritedIRA #NewSECUREActandIRAs #ROTH #RothIRA #secureact #SECUREActandInheritedIRA #selfdirectedira #stretchira #StretchIRAStrategies #stretchirastrategy #TenyearpayoutIRA #WhatisaStretchIRA
Labels:

Comments

Post a Comment

Popular posts from this blog

"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
Post a Comment
Read more

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'
Post a Comment
Read more