To request a free zoom video meeting to design your estate plan, click the following link and complete the short questionnaire: -- 0:00 How To Minimize Taxes on Traditional IRAs 0:20 Each Family Is Unique 0:48 It Is OK To Reduce Your Taxes Legally 1:21 How Much Income Tax on Traditional IRA 1:40 Why People Have Large IRAs 2:14 The Likely IRA Scenario 5:24 The Qualified Disclaimer Scenario 10:02 Summary of the Two IRA Strategies 12:31 You Have Three Options 12:47 Name Spouse as Primary and Children as Contingent Beneficiaries 14:31 Designate Children as Primary Beneficiaries 15:06 Designate Conduit Trusts as Beneficiaries 15:38 Why Few Will Take Advantage of This 17:06 What Will Happen If You Avoid This Video 17:44 What To Tell Your Family About Your IRA 18:30 Share This Video With Other IRA Owners This video explains what you may not realize about IRA beneficiary designations and Inherited IRAs that could cause your family to send significantly more money to the IRS than
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)