Timothy Sumer

... ( 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 The Setting Every Community Up for Retirement Enhancement Act, more commonly known as the Secure Act, was signed into law on December 20, 2019, and came into effect on January 1, 2020. The Secure Act brought several changes to the rules governing Individual Retirement Accounts (IRAs), including inherited IRAs. Here are the newly inherited IRA changes from the Secure Act and what they mean for IRA owners and beneficiaries. Elimination of the Stretch IRA The biggest change to the inherited IRA rules is the elimination of the stretch IRA. Before the Secure Act, non-spouse beneficiaries of inherited IRAs could take withdrawals from the account over their lifetime, allowing the assets to continue to grow tax-free over decades. This strategy was known as the stretch IRA. Under the new rules, non-s

Joe Anderson - President of Pure Financial and from the Financial Radio Show, "Your Money, Your Wealth" - discusses strategies about the new Roth IRA provision in the Thrift Savings Plan IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Register Investment Advisor. • Pure Financial Advisors Inc. does not offer tax or legal advice. Consult with a tax advisor or attorney regarding specific situations. • Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance. • Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. • All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. • Intended for educational purposes only and are not intended