What Should I Do With An Inherited IRA? YQA 273-1

In this video we're answering the question "What Should I Do With An Inherited IRA?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: Facebook: Twitter: Instagram: Subreddit: Online Courses: Newsletter: 00:00 Inherited IRA...(read more)

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Inheriting an IRA can be an overwhelming experience. It can also be a great opportunity to plan for your future and make the most of the money you’ve been given. Here are some tips on what to do with an inherited IRA. First, you should determine if the IRA is a traditional or Roth IRA. Traditional IRAs are funded with pre-tax dollars and grow tax-deferred until you withdraw the money. Roth IRAs are funded with after-tax dollars and grow tax-free. Knowing the type of IRA you’ve inherited can help you decide what to do with it. Next, you should decide how to take distributions from the IRA. You can either take a lump sum or spread the distributions out over time. Taking a lump sum may be beneficial if you need the money right away. However, if you don’t need the money right away, spreading out the distributions over time may be a better option as it can help you limit the amount of taxes you’ll owe. You should also consider rolling the IRA into an existing IRA or opening a new one in your name. Rolling the IRA into an existing IRA can help you avoid tax consequences, while opening a new one can help you keep track of the funds more easily. Finally, you should consider investing the money. Investing the money can help you grow the funds and use them to achieve your long-term financial goals. You can invest the money in stocks, bonds, mutual funds, ETFs, and other investments. Inheriting an IRA can be a great opportunity to plan for your financial future. It’s important to carefully consider all of your options before making a decision. With the right planning, you can make the most of the money you’ve been given. https://inflationprotection.org/what-should-i-do-with-an-inherited-ira-yqa-273-1/?feed_id=73494&_unique_id=63f934b5586e8 #Inflation #Retirement #GoldIRA #Wealth #Investing #inheritedira #investing #investingquestions #personalfinance #WhiteCoatInvestor #YQA #InheritedIRA #inheritedira #investing #investingquestions #personalfinance #WhiteCoatInvestor #YQA

"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

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

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'

Timothy Sumer

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