Timothy Sumer

If you inherited an IRA after 2020 and the person you inherited it from wasn’t taking their required minimum distributions (RMDs), you don’t have to take anything out until ten years after the person died. But if the decedent was already withdrawing their RDMs, then you have to use the new 2022 table to calculate the amount you need to take out every single year until the ten years are up from the date of death. Confused? We totally understand. Don’t get lost in the mathematical mess. Richard and Angela are here to help. Schedule a free consultation today! Del Monte Group has been in business for over 35 years, cultivating relationships and building a family of lifelong clients just like you. If you need help navigating life challenges, are seeking smart, resourceful planning, or just want to find confidence and peace of mind, get in touch. We’re always here to help at 925.736.6410, Richard@APlaceOfPossibility.com, or Angela at Angela@APlaceOfPossibility.com. YOU’RE INVES...

Have you inherited an IRA? Did the person die before January 1, 2020? If so, a new required minimum distribution table has been published, making the calculations much more complicated. To ensure the RMD for your inherited account(s), we recommend getting in touch with your financial professional, so you don’t get penalized! Want to set up a meeting with Richard or Angela to discuss your RDMs? Schedule a free consultation now! Getting started is easy. Visit our calendar and pick a day and time that works for you. That’s it! Del Monte Group has been in business for over 35 years, cultivating relationships and building a family of lifelong clients just like you. If you need help navigating life challenges, are seeking smart, resourceful planning, or just want to find confidence and peace of mind, get in touch. We’re always here to help at 925.736.6410, Richard@APlaceOfPossibility.com, or Angela at Angela@APlaceOfPossibility.com. YOU’RE INVESTED, AND SO ARE WE™. If yo...

Being a small business owner, working for a small business owner, or even being self-employed certainly has its perks, but there is also more of a thought process behind benefits like medical coverage, for instance, or more specifically, in our case, retirement plans. In fact, when it comes to small businesses, putting money away for retirement is even more crucial because you don’t have access to your typical 401k plans. You’re pretty much on your own. The good news? There are quite a few options to explore. So, are wonderful and others, eh, not the greatest, but that’s what we’re here for. In today’s episode, we will discuss all the options out there, ranging from the simplest to the most complex plans. Saving for retirement is super important, and we want to help you get it right. So grab our Know Your Possibilities Guide, find a quiet spot, and hit the play button. It’s time to get your small business retirement plan in check. Catch you in podcast land! A Glance a...