Timothy Sumer

Don't Make Beneficiary Designations Until You Watch This! Phoenix Financial Planner Ryan Eaglin, explains. Making beneficiary designations isn't always as clear cut as you may think. Investments that will allow you to make these beneficiary designations. IRA, SEP, ROTH IRA, SIMPLE IRA, 401k, mutual funds, KEOGH, 403b, REITs, stocks, bonds, index annuities, fixed annuity.... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA When it comes to estate planning, one important aspect that often gets overlooked is the designation of beneficiaries. Many individuals make the mistake of assuming that their will or trust will dictate who receives their assets after they pass away. However, this is not always the case. Beneficiary designations on certain accounts or policies can override any instructions stated in a will or trust. To shed lig...

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...

The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. Starting in 2020, instead of stretching withdrawals over your lifetime, most investors inheriting an IRA from a parent were subject to a new "10 year rule." This meant annual required minimum distributions (RMDs) were out. Instead, beneficiaries had to take the money - in full - in 10 years. In early 2022, the IRS proposed new changes, and if enacted, some inherited IRA beneficiaries will need to take RMDs again and could face big penalties. Unless a non-spouse beneficiary qualifies for an exception¹, previous guidance stipulated that funds from an inherited 401(k), IRA, 403(b), or other qualified retirement plan (including Roth IRAs) must be taken in 10 years following the year of death. Original guidance indicated disbursements within this 10-year window were optional. Now, proposed regulations from the IRS further co...

The Office of Human Capital Presents “Investing in People” 2018 Federal Benefits Seminar Series The Thrift Savings Plan (TSP) PRE-SEPARATION WORKSHOP - RETIREMENT AND BEYOND! The Division of Pay and Benefits within the Office of Human Capital will host an exciting seminar on the Thrift Savings Plan (TSP) on Thursday, October 4th, 2018. Come and learn steps to prepare for retirement including how to turn your TSP savings into income; TSP income options; rules to withdraw from your TSP account and much more! This seminar is designed for all federal employees covered under the Federal Employees’ Retirement System (FERS), the Civil Service Retirement System (CSRS), members of the Uniformed Services, and other employees eligible to participate in the TSP. We accept comments in the spirit of our comment policy: As well, please view the HHS Privacy Policy: ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation ...

We accept comments in the spirit of our comment policy: As well, please view the HHS Privacy Policy: ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing On March 12th, 2019, the Thrift Savings Plan (TSP) announced that it would be making some changes to its funds. The TSP is a retirement savings plan for federal employees and members of the military, and it is one of the largest retirement plans in the world, with over $500 billion in assets. The TSP will be adding two new funds to its lineup: the TSP F Fund and the TSP I Fund. The F Fund will invest in a broad range of fixed-income securities, including U.S. Treasury bonds, corporate bonds, and mortgage-backed securities. The I Fund will invest in international stocks and bonds. In addition to the new funds, the TSP will also be changing the benchmarks it uses for ...

Listing a trust as the beneficiary of your IRA is usually not a good idea. Learn more at For More Resources... Tax Planning: Personal Planning: Business Planning: ... ( 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 Individual Retirement Accounts (IRAs) have become a popular vehicle for retirement savings since their introduction in the United States in 1974. With the added benefits of tax-deferred growth and potential tax savings, a significant portion of an individual's retirement assets can be held in an IRA. However, there may be unforeseen consequences for heirs who inherit an IRA after the account holder passes away. This is where estate planning becomes crucial. One important aspect of estate planning is to designate beneficiaries to receive the assets from your IRA upon your death. This not only ensures that your wishes are follo...

If you are the named beneficiary of an IRA (Individual Retirement Accounts) or you own an IRA yourself and have named beneficiaries, this topic affects you. The SECURE ACT shortened the time period beneficiaries are allowed to delay taking money out and paying income taxes. With an update earlier this year, the IRS added more confusion to distribution rules for beneficiaries. This video goes over all of this. Show Notes: Questions? Email us at Hans@CardinalGuide.com, call us at (919) 535-8261, or visit our website at CardinalGuide.com. Investment advisory services offered through Brookstone Capital Management, LLC (BCM), a registered investment advisor. BCM and Cardinal Advisors are independent of each other. Insurance products and services are not offered through BCM but are offered and sold through individually licensed and appointed agents. The content of this channel is provided for informational purposes only and is not a solicitation or recommendation of any inve...

The Office of Human Capital Presents “Investing in People” 2019 Federal Benefits Seminar Series Financial Planning for Retirement Learn the keys to financial management, sound investment strategies, and retirement planning from a leading finance industry expert! This event is designed for ALL CMS employees. We accept comments in the spirit of our comment policy: As well, please view the HHS Privacy Policy: ... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA https://inflationprotection.org/2019-may-16th-estate-planning-wills-and-trusts/?feed_id=55693&_unique_id=63b0e6007d145 #Inflation #Retirement #GoldIRA #Wealth #Investing #beneficiaries #CMS #eHealth #HealthCare #Healthcare #Medicaid #Medicare #Providers #SpousalIRA #beneficiaries #CMS #eHealth #HealthCare #Healthcare #Medicaid #Medicare #Providers

We accept comments in the spirit of our comment policy: As well, please view the HHS Privacy Policy: ... ( read more ) LEARN MORE ABOUT: Thrift Savings Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing https://inflationprotection.org/2017-apr-26th-thrift-savings-plan/?feed_id=50513&_unique_id=639d095d51dfa #Inflation #Retirement #GoldIRA #Wealth #Investing #beneficiaries #CMS #eHealth #HealthCare #Healthcare #Medicaid #Medicare #Providers #ThriftSavingsPlan #beneficiaries #CMS #eHealth #HealthCare #Healthcare #Medicaid #Medicare #Providers

Auto-enrolling in your 401(k) can help you get started in the habit of saving. However, one of the biggest drawbacks with auto-enrollment is missing beneficiaries. 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 Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ 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 d...

Learn more about Estate Planning - -- It may be time to revisit estate planning opportunities due to the current COVID-19 situation. You need to protect your assets, while maximizing what you leave to your beneficiaries. There's a lot of uncertainty, however, one thing is for sure, taxes will go up due to government spending to help Americans get through this. -- Discover more videos by IRA Financial: Subscribe to our channel: -- 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 about the benefits of self-directed retirement plan solutions. Learn More: ... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANS...

Is your IRA properly set up to benefit your loved ones when you’re gone? John Bowens, Equity Trust’s National Education Specialist, explains some of the options for legacy or estate planning for your retirement account , including: - The SECURE ACT and its impacts on legacy planning - How IRAs can avoid Probate - What to know about the Estate Tax Exemption - Things to consider when naming a trust, spouse, or children as beneficiaries To get started with a self-directed IRA, Roth IRA, Solo 401(k), or other tax-advantaged account, visit info.trustetc.com/get-started Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice. Any information communicated by Equity Trust is for educational purposes only, and should not be construed as tax, legal or investment advice. Whenever making an investment decision, please consult with your tax attorney or financial professional.... ( read more ) LEARN MORE ABOUT: IRA Accounts TRAN...