Inherited Roth IRA's with Quincy Long from Quest IRA..... Today our guest is a Rock Star in the investing world....Quincy Long. Quincy if the owner of Quest IRA which is from what we know the fastest growing IRA custodian in the industry right now. They are everywhere it seems helping creative investors invest using their IRA to avoid taxes on their investment properties. Today we talk about a specific type of IRA which is called a Stretch IRA or Inherited IRA. We also touch on all the different accounts that Quest IRA has to offer for it's clients like the HSA, Coverdale Savings account, 401K, SEP IRA, etc. We break down the benefits of an inherited Roth IRA in detail as well as how to grow a small IRA account. If you do not know much about using and IRA then today is a great podcast for you. Learn More About Our Virtual Wholesaling Home Study Program. Or Be one of our Affliates... Contact us at: investorarmypodcast@gmail.com For More Resources And Opportunities To Take Your Business To The Next Level Go To…… Visit Our Other Youtube Channel “Investor Army” For More Videos By Connor Himself ...(read more)
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Quincy Long is a well-known financial expert who has been actively involved in the field of self-directed retirement plans for over thirty years. His expertise ranges from handling inherited Roth IRA's to growing small IRA accounts. In a recent podcast, EP 74, Quincy Long talked about how IRA accounts can be a great tool for achieving retirement goals. He gave insights into ways that small IRA accounts can be grown over time and how inherited Roth IRA's can be managed to avoid tax liabilities. Mr. Long explained that one of the most significant advantages of IRA accounts is their tax benefits. Contributions to a traditional IRA are tax-deductible, while contributions to a Roth IRA are made after-tax. As a result, withdrawals from a traditional IRA are taxed at retirement, while withdrawals from a Roth IRA are tax-free. Also, the account holder does not need to take distributions from a Roth IRA, which makes it an excellent choice to pass on to heirs. When the account holder of a Roth IRA passes away, the account can be inherited by someone else. The new owner of the inherited Roth IRA must take distributions from the account, but they will be tax-free. Mr. Long suggested that it is important to understand the rules and regulations surrounding inherited Roth IRA's to maximize the benefits they offer. Quincy also talked about how small IRA accounts can be grown over time. One way to do this is to regularly invest funds in the IRA. The earnings that accumulate from the investments will then be tax-free. He also explained that it is essential to choose the right investments to maximize the returns. In conclusion, Quincy Long discussed the importance of self-directed retirement planning and highlighted the benefits of Roth IRAs. He gave an insight into how small IRA accounts can be grown over time and provided valuable advice on managing inherited Roth IRA's. Anyone who wishes to maximize their retirement savings can benefit from the tips and advice given in EP 74. https://inflationprotection.org/quincy-long-inherited-roth-iras-and-growing-small-ira-accounts-ep-74/?feed_id=81089&_unique_id=641e2bd9e5c33 #Inflation #Retirement #GoldIRA #Wealth #Investing #ConnorSteinbrookandQunicyLong #coverdalesavingsaccount #growingIRAaccounts #healthsavingsaccount #howdoIgetanIRA #howtogrowasmallIRA #howtoinvestinanira #howtosetupanIRA #inheritedira #INvestorarmy #iracustodians #irainvesting #IRAinvestors #questira #quincylong #RothIRA #sepira #simpleira #StrretchIRA #taxfreeIRAinvesting #traditionalIRA #WhatisanIRA #wheretogetanIRAsetup #InheritedIRA #ConnorSteinbrookandQunicyLong #coverdalesavingsaccount #growingIRAaccounts #healthsavingsaccount #howdoIgetanIRA #howtogrowasmallIRA #howtoinvestinanira #howtosetupanIRA #inheritedira #INvestorarmy #iracustodians #irainvesting #IRAinvestors #questira #quincylong #RothIRA #sepira #simpleira #StrretchIRA #taxfreeIRAinvesting #traditionalIRA #WhatisanIRA #wheretogetanIRAsetup
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