Timothy Sumer

What if you inherit an already inherited IRA during the 10-year rule? Does a new 10-year rule start or continue from when the initial beneficiary inherited the IRA? It is confusing, but this complex estate planning issue will start to become more common. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss o

The Inherited IRA rules are confusing! **This video is not tax advice and if you're looking for advice you should seek an expert.** Thanks for watching! We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 For individuals who have inherited an IRA, the new rules that have come into effect this year have created some confusion and frustration, especially as custodians are finding it challenging to provide clarity around the rules. The new rules, which were implemented as part of

If you are still not sure wether you should have a Gold IRA, Augusta also offers a free Gold IRA Guide for you to check. It's super simple, give it a shot! Best of luck to y'all🙏 🪙Goldmind🪙... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation In times of economic uncertainty, individuals often seek ways to protect their wealth and safeguard their retirement savings. One option that has gained popularity in recent years is investing in a Gold IRA. But can a Gold IRA really save you from economic disaster? Let's take a closer look. First, it's important to understand what a Gold IRA is. It is a self-directed individual retirement account that allows you to invest in physical gold and other precious metals. This differs from a traditional IRA, which typically invests in stocks, bonds, and mutual f

In This video we'll help you decide if, when a spouse passes away, a SPOUSAL ROLLOVER or INHERITED IRA is the best option for your unique situation .There are a lot of rules and regulations surrounding IRAs, and it can be hard to understand them all. In this video, we'll help you understand the different options and help you decide which is best for you. 0:00 When a spouse leaves an IRA, 401k or 403b should surviving spouse do a Spousal Rollover or an Inherited IRA? 0:24 Depends on relative age of deceased spouse, Pre- 59 1/2 early withdrawal penalties, and age 72 and up Required Minimum Distributions / RMDs 0:46 If deceased spouse was older than you 1:32 If deceased spouse was younger than you 2:02 SECURE ACT / 10-Year Rule 2:20 Revocable / Irrevocable nature of your options 2:34 Remember to update beneficiaries on your OWN accounts! WHO'LL GET YOUR MONEY WHEN YOU DIE? ARE YOUR BENEFICIARIES UP TO DATE? Schedule an appointment to consult with us: Email (Cla

Inheriting an IRA? Basic rules explained. Add me on Insta: michellemarki The Great Wealth Transfer means that millions of Millennials and Gen Xers could stand to inherit $30 trillion to $68 trillion from Baby Boomers in the coming decades. For fellow Millennials, this could mean that we go from collectively owning $4.5 trillion in 2018 to $20 trillion by 2030 -- or a compounded annual return rate of 13.3%. This impressive rate reflects both our own savings and investing rates, as well as what we might inherit. However, it is sad and difficult when our elders pass on. And then it's made when worse when the situation of inheriting Individual Retirement Accounts (IRA) such as a Traditional IRA, 401k, or Roth IRA is confusing and complicated because of current interpretations of the rules. As of 2022, the IRS has been working on making some final interpretations of the SECURE Act of 2019 that took effect in 2020 for inherited retirement accounts. I'm sharing what I&

The SECURE Act allows those who inherited IRAs prior to 2020 to continue using the stretch IRA option, those who inherit an inherited IRA must use the 10-year rule. Have a question for the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declini

Inherited IRA rules and changes. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 The Internal Revenue Service recently made a significant change to the rules governing inherited individual retirement accounts (IRAs). The new rules, which took effect on January 1, 2020, affect how beneficiaries of inherited IRAs can access their accounts. Under the old rules, beneficiaries of inherited IRAs could withdraw the entire balance of the account immediately. This was known as the "

IRA 10-year Rule In this episode, Chris Berry answers: When does the 10-year IRS period start for inherited IRAs? ___________________________________________________________________________ Certified Elder Law Attorney and Certified Financial Planner Christopher Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy. With the use of legal structures like revocable living trusts, Castle Trusts (asset protection trusts), Chris Berry and Castle Wealth Group can help your family plan, protect, and preserve what is important through their Retirement and Legac

In today’s video, we will be talking about inheriting IRAs, and some of the rules regarding holding these “beneficiary” IRAs. I’ll also be explaining how you can also still look at this solution from a cross border perspective specifically as it pertains to Canadian resident beneficiaries. For the purpose of today’s video, an IRA can refer to a Traditional IRA, ROTH IRA, rollovers, SEP and Simple IRAs, the process and rules are the same for all. The cool part about these types of accounts you can name just about anyone, including a trust, as beneficiary. There are however different sets of rules for spouse vs. non-spouse beneficiaries. #IRA #TraditionalIRA #InheritedIRA #beneficiary #SEP #SimpleIRA #Roth #RothIRA... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/inheriting-iras/?feed_id=40867&_u