Timothy Sumer

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

In this video we discuss the process of turning Non-Qualified Funds into Qualified Funds. We discuss how to minimize income taxes during your lifetime including a discussion of when it is optimal to use tax deferred accounts vs Roth accounts. We discuss IRAs, 401(k)s, 403(b)s, 457(b)s, TSPs, SEP, and SIMPLE plans. Also Required Minimum Distribution (RMD)s and what states are tax friendly for retirement purposes. We give an introduction to how Roth Conversions can be used to minimize taxation during your retirement years. Insurance Services are offered through FEFA. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and FEFA or FEFA Asset Management are not affiliated companies. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are back

Do you need to take a Required Minimum Distribution (RMD) from each of your retirement accounts or can you take it all from one? 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 LINKS: Be sure to stay up to date by following us! Facebook - ​ Twitter - ​ Instagram - 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 declining market. Past performance is not a

What are the rules about inheriting an IRA from a loved one? Do you need to take distributions? How long do you have to take the funds from the account? The rules on inheriting IRA's have changed, and we explain it.... ( 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/what-is-a-beneficiary-ira/?feed_id=41364&_unique_id=6379c78fadd52 #Inflation #Retirement #GoldIRA #Wealth #Investing #antoniocibella #clevelandfinancialadvisor #individualretirementaccount #inheritance #IRAdistribution #requiredminimumdistribution #Retirement #RMD #RothIRA #secureact #taxesinretirement #traditionalIRA #visionwealth #InheritedIRA #antoniocibella #clevelandfinancialadvisor #individualretirementaccount #inheritance #IRAdistribution #requiredminimumdistribution #Retirement #RMD #RothIRA #secureact #taxesinretirement #tradi

Harvard Law Attorney & Self-Employed Retirement Expert George Blower provides an update on the recent House Proposal that re-introduces the recently proposed ban on Backdoor Roth IRA and 401k plans. LEARN MORE: The solo 401k plan , commonly referred to as self-directed Solo 41k is the retirement plan of choice for self-employed individuals or owner-only businesses including for the features highlighted below: -The highest contribution limits for any defined contribution plan including up to $57,000 (or even $63,500 if you are 50 or older) for 2020 (for 2021: $58k or $64.5 if you are 50 or older). -The ability to make pre-tax, Roth, and even Mega Backdoor Roth contributions. -401k participant loans of up to $50,000 -Invest with checkbook control in real estate, cryptocurrencies, notes, private placements, and other types of alternative investments. Open an Account: Learn More: Subscribe to our channel for weekly educational webinars: For over 10 years, My

Video from Facebook live stream from the Facebook group, "Taxes in Retirement," from December 8 2021. Explanation of the ins and outs of Required Minimum Distributions ("RMDs") from inherited accounts. To download the free flowcharts referenced in the video - To join Taxes in Retirement - #RMD #RetirementPlanning #FinancialPlanning DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy.... ( 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/required-

How to value your alternative assets in a Self-Directed IRA: -- For most of us, our retirement account is our greatest source of wealth, so it's important to know what it's worth. Not only do you care, but the IRS (Internal Revenue Service) also cares about the valuation of your Self-Directed IRA and how you value it. It's not a difficult concept and you don't need to be an expert to have a Self-Directed IRA. Typically, it's not difficult to determine, but we'll tell you when it is and what you should do. Discover more videos by IRA Financial: -- 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 noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders abou