Timothy Sumer

In this video, Colin Exelby, CFP® explains the key retirement plan deadlines you need to know before the year ends! Whether you're a business owner, have a SIMPLE or SEP IRA, or found yourself over-contributing to a Roth IRA in 2022, we've got you covered. Make sure your financial strategy is on track as we approach the new year! Top Personal Finance Tools: #1: ★☆★ Rocket Money (originally called TrueBill) ★☆★ #2: ★☆★Personal Capital ★☆★ OTHER RESOURCES ★☆★ Financial Freedom 2023: How to Create a Tax-Free Retirement Income ★☆★ ★☆★ How to Create a 💯 % Tax-Free Retirement Income PLAYLIST ★☆★ ★☆★ Book Your Free Consultation! ★☆★ ★☆★Gusto Bookkeeping★☆★ [About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management. I provide financial planning for business owners and their families that makes sense. Transformational change is made when you focus on...

Today we're talking about retirement topics to talk with your spouse about. We'll cover the spousal IRA, beneficiaries and how the SECURE ACT changes things in that respect. We'll also talk about other tax considerations you may want to talk with your spouse about so you both enjoy the retirement you envisioned. 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. ---Ready to subscribe--- For more information visit: www.JazzWealth.com --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( 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 4 Retirement Topics to Talk with Your Spouse About Retirement is a significant milestone in life tha...

In this short video, Joe and Al discuss five of the most common mistakes people make with their IRA (individual retirement account ) beneficiary forms. Find out why naming the trust as the beneficiary of your retirement account is not the best idea. Feel rest assured that your legacy remains intact and is handed down to the right people after you pass. Important Points: 0:04 "Some of this seems logical but we're seeing these mistakes over and over again like for example: some of you have IRAs or 401(k)s where you don't even have a beneficiary form on file" 0:26 "How about if it's an outdated form? You have your prior spouse on there...guess what? That spouse is going to receive your IRA or 401(k) unless you change the beneficiary statement" 1:36 "Here's the biggest one - naming the trust as the beneficiary. Huge, huge mistake because a trust is an entity - not a human being. It doesn't have a life expectancy" 2:11 "...

Should a trust be named as beneficiary of an IRA? In this episode, Chris Berry answers the question: Should a trust be named as beneficiary of an IRA? ___________________________________________________________________________ Attorney and Financial Advisor Chris 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 Lega...

Experts in trust and estate law explain typical IRA beneficiary scenarios and why it’s critical to review EVERY time you set up or rollover your IRA to avoid probate. #ira #retirement #retirementplanning #beneficiaries #actec #actecfellow The American College of Trust and Estate Counsel, ACTEC, is a national association of approximately 2,400 peer-elected lawyers and law professors from across the United States and abroad with expertise in estate planning, probate and trust administration. In this video: 00:00 Open 00:13 What happens if you do not have an IRA beneficiary designated? 01:20 Do you need to redo your beneficiaries when you roll over an IRA? 01:42 IRAs and surviving spouse as the beneficiary. 02:38 IRA with a young surviving spouse who does not want to defer. 03:41 How does an inherited IRA work? 04:55 Minor children of an inherited IRA. 06:39 Advice on preparing the IRA beneficiary designation form.... ( read more ) LEARN MORE ABOUT: IRA Accounts T...

The 10-year rule now nullifies the strategy of naming a trust as your IRA beneficiary if you have young children. Here is why you should rethink this option. 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 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...

@dannyjensen4954 has full video. Also do a search on Conduit Trust for more details.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/an-ira-at-vanguard-or-fidelity-can-use-a-conduit-trust-as-a-beneficiary-to-pay-income-for-life/?feed_id=65801&_unique_id=63d7b65414c1f #Inflation #Retirement #GoldIRA #Wealth #Investing #Conduittrust #fidelityIRAbeneficiary #inheritedira #IRABeneficiary #iratrust #rmdIRAtrust #seethroughtrust #TrustasIRABeneficiary #vanguardirabeneficiary #FidelityIRA #Conduittrust #fidelityIRAbeneficiary #inheritedira #IRABeneficiary #iratrust #rmdIRAtrust #seethroughtrust #TrustasIRABeneficiary #vanguardirabeneficiary

Orange County Estate Planning Attorney James F. Roberts answers FAQ and gives information on what is currently happening in estate planning. One of the reasons you may want to name a trust as beneficiary to your IRA rather than your children is that they may not be good with money management. Rather than having them blow through the money, you can name the trust as being in control of the IRA and it does have to distribute the required minimum distribution but the rest can be growing tax deferred and you can distribute to them in a way that it actually benefits the beneficiary and not let them go through the money too quickly. So if you have beneficiaries that are not good with money management you may want to consider an IRA beneficiary trust as a way to protect the assets for them and provide for them longer term. If you are concerned about beneficiaries needing a little help to protect their inheritance then contact us for an appointment.... ( read more ) LEARN MO...

In this video we're answering the question "Can I use a revocable trust as the beneficiary of my IRA or 401(k)?" The White Coat Investor wants to help you stop doing dumb things with your money, so in this video series we answer questions you have submitted. To get your questions answered by The White Coat Investor, visit and record your question. The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you! Subscribe Here: Main Website: Student Loan Advice: Faceb...

Pure Financial's experts have educated you on the importance of having an IRA and given you some basic tools and strategies that you can put in place to get the best results from your retirement accounts. But on this show, Joe Anderson and Alan Clopine take you to a whole new level to help you master your IRA and maximize its full potential. Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Important Points (1:00) - We’ve educated you about the importance of having an IRA and some of the basic tools and strategies you can put it in place to get the best results. But today we are taking you beyond the basics of IRA 101 to Master Your IRA. (1:53) • To Roll or Not to Roll • Net Unrealized Appreciation • RMD Aggregation • Stretch IRA • Beneficiary Mistakes (3:20) - How You Can Add Funds to Your IRA (4:05) - Reasons to Keep your 401(k) • 401(k) fees may be low • Penalty-free access at age 55...

On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss a new notice issued by the IRS on Friday, October 7, 2022 clarifying the required minimum distribution (RMD) rules for certain IRA beneficiaries. If you inherited an IRA as a "non-eligible designated beneficiary," you may have been required to start taking RMDs. Failure to take the full RMD would lead to stiff penalties. This IRS notice waives the penalties for missed RMDs for 2021 and 2022. Mr. Bergman will discuss how it may affect you and the benefits the notice provides. Further, Adam will dip into the mailbag and answer questions he has received recently about self-directed retirement accounts. Join us LIVE on Thursday, October 13th at 12PM EDT! -- Download a PDF version of IRS Notice 2022-53: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he...

Question: (Fish Sean Woo, Winter Springs, FL) Hey, Andi, Joe, and Big Al. Thanks for taking my call. This is Fish Sean Woo from Winter Springs, Florida, and I had a question about traditional IRAs, Roth IRAs, and 401Ks, and why it is not a good idea to leave your trust as a beneficiary. I recently set up a trust, and before listening to you guys, I had the trust as the beneficiary. I was hoping you guys could explain why this is a bad idea. Now, for the important part, I drive a 2013 Toyota Tundra pickup truck that has never met a gas station it does not like. I don't have any four-legged friends, or three legged for that matter, but I do have 25 African cichlids in a 75-gallon fish tank. Thanks for taking my call. Great show! Listen to the full episode: Download the Estate Planning Organizer: Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousa...