Timothy Sumer

With the passage of the SECURE Act & SECURE 2.0 Act, Stretch IRAs are no longer an option. So, how should investors with an IRA manage this and what should beneficiaries do with their inherited IRA? Valerie Escobar, senior wealth advisor, and Michael MacKelvie, wealth advisor, share strategies investors may consider with their IRAs. 00:00 Introduction 01:24 What is an Inherited IRA? 04:20 What to do with an Inherited IRA? 08:40 How Should Investors Manage their IRA Before Passing them Down? 15:55 Outro & Disclosures #SecureAct2 #IRA #StretchIRA For more information, please visit us online at Subscribe and listen to our podcast, Your Life Simplified Apple Podcasts - Google Play - CONNECT WITH US ON SOCIAL LinkedIn - Facebook - Twitter - Instagram - ============================================= These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing herein should be relied upon ...

With stretch IRAs eliminated, how should your beneficiaries manage an inherited IRA? On this episode of #YourLifeSimplified, Valerie Escobar and Michael MacKelvie share IRA strategies both for owners and beneficiaries. #FinancePodcast  For more information, please visit us online at Subscribe and listen to our podcast, Your Life Simplified Apple Podcasts - Google Play - CONNECT WITH US ON SOCIAL LinkedIn - Facebook - Twitter - Instagram - ============================================= These videos are limited to the dissemination of general information and are not intended to be legal or investment advice. Nothing herein should be relied upon as such. The views expressed are for informational purposes only and do not take into account any individual personal, financial, or tax considerations. There is no guarantee that any claims made will come to pass. Disclosures: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account...

In December 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act was passed. It was designed to help save for retirement and make it accessible to more people. With this bill, the rules changed on Inherited IRAs. ✅ SUBSCRIBE to NOT being a transaction ever again... ✅ Like us on Facebook! ✅ Follow us on Twitter! ✅ Check out our site for more tips Before the Secure Act, you could stretch your inherited IRAs, 401k’s, 403b’s, etc., over your life expectancy. Now, depending on who you are as a beneficiary, dictates how you must take the assets. The rule is broken down by the following 3 types of beneficiaries: Eligible Designated Beneficiaries: If you fall into this category, you may still stretch your inherited IRAs over your lifetime. Designated Beneficiaries: Designated beneficiaries must follow the 10-year rule. This group includes nearly everybody that wasn’t an eligible designated beneficiary. There are no limitati...