What kind of consultant is suitable for a Stretch IRA?

what is a stretch IRA and how does the inherited IRA work? Did you know a beneficiary IRA is the same as a multi generational IRA? Stretch IRAs and Stretch IRA rules....(read more)

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A stretch IRA is a tax-advantaged retirement savings account that allows an individual to pass on their assets to their beneficiaries. This form of IRA is designed to extend the life of a retirement account by allowing the beneficiaries to "stretch" the distributions over their lifetime, enabling tax-deferred growth for years to come. When it comes to managing a stretch IRA, it is crucial to seek advice from an advisor who understands the nuances of these accounts. There are a variety of advisors that can assist individuals with stretch IRA management. However, two critical types of advisors include financial advisors and estate planning attorneys. A financial advisor can assist with managing the investment portfolio and ensuring the distributions align with the beneficiary's individual circumstances. An estate planning attorney can provide legal guidance to ensure that the beneficiary's inheritance is protected and distributed appropriately. Financial advisors can be further broken down into two categories: fee-only advisors and commission-based advisors. Fee-only advisors charge their clients a flat fee, usually based on assets under management, and do not receive any commission from the sale of financial products. Commission-based advisors receive a commission on investment product sales and services, which can potentially harm the advisor's objectivity. Estate planning attorneys can be an essential component of any stretch IRA management team. An attorney can ensure that the beneficiary's inheritance is structured in the most tax-efficient manner and protected from creditors or legal disputes. They can also help with the creation of a trust as part of the overall estate plan to help ensure that the assets are transferred according to the individual's wishes. When choosing an advisor to manage a stretch IRA, it is essential to consider their experience and qualifications. Look for an advisor who is a Certified Financial Planner (CFP) or an attorney who specializes in estate planning. These professionals have specific training and knowledge that can assist in the complex management of a stretch IRA. Additionally, seek out advisors who have a strong track record of working with clients to manage retirement accounts and provide comprehensive financial planning services. In conclusion, managing a stretch IRA requires expertise and attention to detail. It is critical to engage the right advisors to ensure that the account is managed optimally and that the beneficiary's inheritance is protected. By seeking guidance from qualified financial advisors and estate planning attorneys, individuals can maximize the benefits of their stretch IRA and provide future generations with a valuable financial legacy. https://inflationprotection.org/what-kind-of-consultant-is-suitable-for-a-stretch-ira/?feed_id=88495&_unique_id=643c89786cc47 #Inflation #Retirement #GoldIRA #Wealth #Investing #beneficiaryira #generationalIRA #inheritiedIRA #multi #stretchira #stretchirarules #InheritedIRA #beneficiaryira #generationalIRA #inheritiedIRA #multi #stretchira #stretchirarules

"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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