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Showing posts with the label InheritedIRATaxes

The Potential Impacts of the SECURE Act on Your Current Legacy Planning

Have you heard of the SECURE Act? If you have not, now is the time to learn about the Act as the changes are significant and most likely will impact your legacy planning. Why? Because it could drastically change your well laid out plans for legacy. Add to the SECURE Act the strong possibility of increases in tax rates in the near future, the combination could create a devastating impact for your beneficiaries, including the annuity beneficiaries. Between the changes caused by the SECURE Act and possible increased tax rates, you have a ticking time bomb. Time for you to be informed so you can protect your hard earned retirement savings from Uncle Sam. Even though the discussion will not be focused on retirement annuities, it does apply to retirement annuities in qualified accounts and IRAs. So, watch the video till the end to learn what top industry experts are recommending to protect your hard earned retirement savings from Uncle Sam. Please Subscribe and Don'

Secure Act Tax Changes

The Secure Act passed in 2019 and has some big implications for tax planning specifically when it come to passing on generational wealth. For year the stretch IRA has been a planning staple. A way for kids, grand-kids, etc to minimize the tax implications of inheriting a large sum of qualified retirement account money. Starting in 2020 the rules around inherited IRAs will change drastically. Now more than ever, ROTH conversions ans properly structured cash value life insurance policies should be considered as part of your overall retirement and estate planning strategy. To see our views on retirement planning check out our free course: Have other questions: Book a Time to chat here: OR Send us your question here: ... ( 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 https://inflationprotection.org/secure-act-tax-changes/?feed_id=5044

The IRS changes RMD rules without congress!

Today we will update you on the most recent changes to the RMD rules that the IRS just made without going through congress. We will focus on RMD rules for all accounts but in particular, the inherited IRA's since they have had many changes recently. With the new 10-year stretch rule and the ability to return RMD distributions already made this year this is one that could save you a ton of dough! 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: --- 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 https://inflationprotection.org/the-irs-changes-rmd-rules-without-con