Timothy Sumer

What is a Backdoor Roth IRA and how should I set it up? Money Not Math 145 When should you avoid this strategy? What makes a backdoor Roth IRA Different? Do you pay taxes on backdoor Roth IRAs? Are backdoor Roth IRAs worth it? How much can I contribute? What are alternatives to backdoor Roth IRAs? Podcast: Article referenced, #MoneyNotMath #5StoneFinancialGroup #DavidVsGoliath #Retirement #RetirementPlanning #BackdoorRothIRA #RothIRA #IRA #Roth #Taxes #Investing Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation.... ( 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 What is a Backdoor Roth IRA and how should I set it up? Saving for retirement is crucial in today's uncertain times, and having a well-rounded investment strategy

Secure Act 1.0 adds new considerations for spouse beneficiaries. The spouse beneficiary is among the few eligible to take RMDs from inherited accounts over their life expectancy rather than within 10 years. Three options available= 1) Beneficiary IRA 2) Treat-as-own 3) Rollover to their own. Choosing the Right options: “Ultimately, which option is right for a spouse beneficiary depends on their beneficiary profile, including whether they need to avoid the 10% additional tax and/or minimize distributions.” – Denise Appleby Article referenced: “What is the Right Option for a Spouse IRA Beneficiary?” Disclaimer, this content is not legal, tax, or investment advice. You should always consult a qualified professional regarding your personal situation. #MoneyNotMath #Money #Retirement #Beneficiaries #taxes #MemorialDay #Remember #SecureAct Podcast: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVE