Timothy Sumer

Qualified longevity annuity contracts (QLACs) use deferred income annuities. The IRS has granted a particularly favorable status to QLACs for the purpose of deferring required minimum distributions. The QLAC rules of engagement permit a qualified plan participant to use 25% of their qualified plan, not to exceed $125,000 ($250,000 for married couples) and defer distributions until age 85. The vast majority of qualified plans and retirement models will need to be reconfigured to accommodate the impact of adding QLACs to their overall planning strategies. The potential ramifications of deferring QLAC monies could have a profound effect, the result of which could be the reduction of taxes. Syndicated financial columnist and talk show host Steve Savant interviews nationally recognized annuity expert Mike McGlothlin, ChFC, CLU, CFP. This end of the year update highlights some of the industry's leading annuity product innovations and planning concepts into a five part series.

Many older Americans are in defined benefit plans. Some of these plans are reporting shortfalls from underperformance or underfunding. And most of these defined plan deficits don’t take into account longevity risk of the plan participants. Retirement plan expert, Steve Pilger is interviewed by Steve Savant, syndicated financial columnist and talk show host of Steve Savant’s Money, the Name of the Game.... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Retirement is supposed to be the time of one's life when they finally get to enjoy all the hard work they’ve put in over the years. However, with the current state of retirement plans in the US, many individuals are not able to fully benefit from their retirement plans. Many retirement plans are funded by employers, and they are designed to provide employees with

In the first segment, Steve and Tom talk about the new trend among seniors called hybrid retirement. More and more baby boomers are not only working longer, but working part time in retirement. In the second segment, Steve and Tom address the loss of purchasing power in retirement due to the ravages of inflation. For more information on the topics discussed on this show just go to www.tomhegna.com Syndicated financial columnist and talk show host Steve Savant interviews popular platform speaker and best selling author Tom Hegna. Tom has several books on Amazon.com: Playchecks & Paychecks, The Retirement Masters and Don't Worry Retire Happy from his PBS Special. The Thought Leadership Series features some of the top minds in the financial industry and is sponsored by CreativeOne, an agent development organization. www.creativeone.com ... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Go

Sub Headline: There are Some Monster Tax Deductions for Some ERISA Retirement Plans Synopsis: Some entrepreneurs and small business owners may be able to fund significant contributions into SEP IRAs and 412(i) Plans. Some benefit plans that include ancillary benefits can substantially increase your Taxable contribution. Watch the interview with Chartered Financial Consultant and Captive Insurance Company expert R. Wesley Sierk III on Tax Deductible Qualified Plans. Content: It’s impossible to appreciate the tax equivalent return of any investment until you know your effective tax bracket. You also need to know how you should file: individual, head of household, married filing jointly or married filing separately. For some married couples, filing jointly or separately can usually be determined quite quickly on most tax software. The U.S. tax code is a marginal, “progressive” income tax system. As your income increases or “progresses” from one tax bracket to the next you pay

Purchasing blocks of income with differing durations can manage taxes and generate guaranteed income that can grow with inflation. Income agnostic software programs which represent the majority of annuity products can deliver the best income scenario. Nationally recognized retirement expert and Top of the Table producer Curtis Cloke is interviewed by Steve Savant, syndicated financial columnist and talk show host, on this episode of "Let's Get Down to Business." ... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/buying-blocks-of-income-can-build-a-secure-retirement-annuity-retirement-income/?feed_id=53089&_unique_id=63a6e56d824b8 #Inflation #Retirement #GoldIRA #Wealth #Investing #AshBrokerage #CurtisCloke #LetsgetDowntoBusiness #SteveSavant #RetirementAnnuity #A

Sub Headline: Stretch IRAs Can Accomplish Double Duty for Your Retirement & Beneficiaries Synopsis: Individual Retirement Accounts (IRAs) have been around for more than 40 years through the Employee Retirement Income Security Act or ERISA. It’s a tax-deductible contribution plan that accumulates tax-deferred and is generally used for taxable retirement income. But there may be additional tax-advantaged distribution options that may benefit retirees as well as their beneficiaries. Content: IRAs accumulate tax-deferred, but not forever. Mandatory distributions come in to play at age 70½, where required minimum distributions (RMDs) or withdrawals are generated based on the Uniform Lifetime Table. Uncle Sam wants his due in taxes and RMDs are his way of extracting those taxes from your retirement plan. If distributions aren’t large enough, or if distributions are not made at all, a penalty tax of 50 percent of the amount that should have been distributed is generally asse

This is part four of five taken from the full episode of Right on the Money featuring the series, Small Business is the Backbone of the American Economy. Sub Headline: Over Valuation Is the Number-One Mistake if Your Business Is Your Retirement Plan Synopsis: It’s not uncommon for a small business owner to view the sale of their business as their retirement plan. They throw all their energies and profits into the business to bolster the valuation, so it’s not unusual they don’t have a 401(k) or IRA. That’s fine, if you can sell your business near its projected valuation. But most small business owners overvalue their sale price and often take less than anticipated. That’s why it’s important to create and maintain a personal retirement plan that isn’t dependent on the sale price of the business. Content: There are several cable shows that deal with small businesses and entrepreneurs. One of the most popular programs is “Shark Tank.” After viewing several episodes, one thin