Timothy Sumer

Get a complimentary “10 Steps to a Successful Retirement” guide from Retirement Advisers: ... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Pension Payout: Step 2 to a Successful Retirement As we approach retirement age, securing a stable and comfortable financial future becomes our utmost priority. One crucial aspect of a successful retirement is having a reliable pension payout plan in place. Step 2 in achieving this financial security involves carefully considering the various options and potential risks associated with pension payouts. A pension payout refers to the regular income received during retirement from a pension fund or retirement savings account. This income is oftentimes crucial in maintaining our desired lifestyle and covering essential expenses. Therefore, it is vital to understand the d...

Get personalized advice about tax, asset protection, offshore banking, residency, and citizenships: You can visit our website for more information about us: Who are we and what do we do? We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc. We have lots of interesting articles on different topics, we have relevant information up to date. Author: Michael Rosmer Feel free to join our community! Don’t forget to subscribe to our channel ... ( 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 financial planning, trusts have become a popular tool for individuals and families to manage their assets. However, many people are still unclear about how trusts are taxed and whether they can avoid paying taxes altogether. In thi...

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...

Why Ed Slott recommends not to name the Trust as Beneficiary of a Qualified Account? In this episode of Berry's Bites, Chris Berry answers the question: Ed Slott and his team recommend not naming the trust as a beneficiary, especially after the Secure Act. Can you explain your take on it? ___________________________________________________________________________ Certified Elder Law Attorney and Certified Financial Planner Christopher Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy. With the use of legal structures like revocable living trust...

Lange's Cascading Beneficiary Plan has been a major staple in Jim Lange's practice since the 1990s and has been peer-reviewed by many industry heavyweights, including Jane Bryant Quinn. In this third video learn from Jim this plan is another major tool in combating the SECURE Act. To learn more get Jim's book at Please go to to sign up for our newsletter!... ( 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 Lange's Cascading Beneficiary Plan: Ensuring Your Estate is Securely Managed Planning for the future is an essential part of responsible financial management. One inevitable aspect of this planning is considering what will happen to your assets once you pass away. Estate planning ensures that your loved ones are well taken care of and that your wealth is distributed according to your wishes. Among the various estate plannin...

Joe Anderson, CFP® and "Big Al" Clopine, CPA share the biggest misconception about inherited IRAs that's costing families thousands of dollars. If you live in southern California and would like to schedule a free assessment with one of our CFP® professionals, click here: Make sure to subscribe to our channel for more helpful tips and stay tuned for the next episode of “Your Money, Your Wealth.” Channels & show times: IMPORTANT DISCLOSURES: • Investment Advisory and Financial Planning Services are offered through Pure Financial Advisors, Inc. A Registered 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 pr...

Should a trust be named as beneficiary of an IRA? In this episode, Chris Berry answers the question: Should a trust be named as beneficiary of an IRA? ___________________________________________________________________________ Attorney and Financial Advisor Chris Berry of Castle Wealth Group answer questions on retirement and estate planning every Wednesday at 1pm. Register here or give our office a call at 844-885-4200. Castle Wealth Group and Christopher Berry help families with estate planning, elder law, retirement planning , and tax planning from their Brighton, Ann Arbor, Livonia, Bloomfield Hills, and Novi offices. Castle Wealth Group helps families with their legal, financial, and tax planning for their retirement and legacy. With the use of legal structures like revocable living trusts, Castle Trusts (asset protection trusts), Chris Berry and Castle Wealth Group can help your family plan, protect, and preserve what is important through their Retirement and Lega...

What happens to your 401k when you die? How does your beneficiary get your money? Can you change your beneficiary in your will or trust? -- I love helping people and make these videos to help non-lawyers learn a little more about legal concepts. I’d appreciate it if you take a second to let me know what you thought of the video and if you learned something, please hit the subscribe button! It helps other people access the video too. -- If you want to talk more about estate planning: If you want to talk more about probate: -- Estate Planning and Probate is all we do. If you want someone who is honest, diligent, and compassionate, you’ve come to the right place. Amanda Rocha is the owner of Law Office of Amanda L. Rocha. She created it with one goal - help YOU live a great life and leave a great legacy. You'll find information here on estate planning, probate, revocable living trusts, irrevocable trusts, life insurance trusts, charitable giving, wills, trusts, power of...

Spoiler alert! The hit series Succession's S4E3 has a plot twist with an interesting lesson to be had for real life IRA investors. So how would it work if this happened to your family? In this video, Adam Bergman, Esq. talks about unexpected inheritance of an IRA. -- Learn more about inherited IRA transfers: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial 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. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial doe...

learn how an IRA Beneficiary trust can protect your assets and loved one's from unwanted tax burdens! At FRA Trust, we have the tools and professionals to help put your mind at ease! ----------------------------------------------------------------------------------------------------- SUBSCRIBE ~~~~ FREE ESTATE PLANNING CONSULTATION Claim Your FREE 15-minute Consultation to receive estate planning tips and asset protection. 👉 ~~~~ FINANCIAL PLANNING & RESOURCES Download two free chapters of my new book "A Significance First Retirement: Beating the Probability Theory" 👉 ~~~~ FOLLOW US: Instagram: Facebook: Twitter: LinkedIn: ~~~~ CONTACT US Phone: 800-279-9785 Email: info@fratrust.com ABOUT JOE ROOSEVANS: Joe RoosEvans is a widely recognized leader in wealth preservation, and in the financial services industry arena. An acknowledged wealth expert, radio talk show host, author of multiple bestselling books, and so...

Ep. 80 of the Mullooly Asset Show, Tom talks about what a Stretch IRA is, and what to do if you're named as a beneficiary on a retirement account . Mullooly Asset Management is a fee-only investment advisory firm located in Monmouth County, NJ. We work to educate our clients regarding managing the risk in their investments. Tom Mullooly is an investment industry veteran of over 30 years. Prior to launching the "Mullooly Asset Show," Tom (along with his sons) recorded close to 200 podcasts and nearly 200 videos, which can be found on the site The "Mullooly Asset Show" is a new chapter in furthering the education of investors young and old. We answer questions and cover topics that YOU bring up. Our topics and questions range from those brought up by clients to those sent in by our viewers. Get in touch with us here: Website: Facebook: www.facebook.com/MulloolyAsset Twitter: LinkedIn: Email: support@mullooly.net None of the content on our video...

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...

Who should you name as the beneficiaries of your pre-tax retirement accounts, and why? You are working on your estate plan, and trying to figure out who you should name as the beneficiary of your 401k account and IRAs. Simple – the kids, right? Not so fast. Who should be your 401k beneficiaries? Who should you name to inherit your IRAs? If you want to minimize taxes, who you name as your beneficiaries matters. Watch this video to understand non-spouse beneficiary distribution rules for inherited pre-tax IRAs and “regular” pre-tax 401ks. Understanding the rules from an income tax standpoint might help you decide who to name as your beneficiary. Who inherits the assets you hold in your various retirement accounts could have a big impact on the amount of money that is ultimately received by your heirs vs given to Uncle Sam. 0:00 Welcome 0:35 Why is it important for IRA beneficiaries to be tactical about taking distributions from an inherited pretax account? 0:55 Did the...

As new clients open accounts or transfer their IRA's to us they are asked who they would like to add as a beneficiary. While most of us understand exactly what this means, it does raise many other questions. We've saved up those questions and today, Dustin covers the top FAQ's when it comes to beneficiaries on your IRA's. If you have a Roth IRA or other IRA type then you can have a beneficiary or even many beneficiaries on your account. You can name a person or even a charity if you like. First there are primary beneficiaries. These are the first in line to get your IRA should you leave this earth. You can name as many as you like as long as you specify a total percentage that equals out to 100%. Next are back up beneficiaries in the event that your primary beneficiary has passed before you. This can also be anyone you like. We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments and, usin...

Chief Executive Officer, Mark B. Murphy discusses new IRS regulations for Inherited IRAs. The rules for Inherited IRAs are complex, and the variations are many. If you are named as the beneficiary in an estate, consult your estate or financial planner about these new regulations. This YouTube Channel is intended for general public use and is for educational purposes only. By providing this content, Park Avenue Securities LLC is not undertaking to provide any recommendations or investment advice regarding any specific account type, service, investment strategy or product to any specific individual or situation, or to otherwise act in any fiduciary or other capacity. Please contact a financial professional for guidance and information that is specific to your individual situation. Securities products and advisory services offered through Park Avenue Securities LLC (PAS), member FINRA,SIPC. OSJ: 200 Broadhollow Rd, Ste 405, Melville, NY 11747, ph# 631.589.5400. PAS is a wholl...

Hi folks, Don Cloud here from Cloud Financial. We’re the firm that gives you low risk, low volatility investment solutions designed to help bring you peace of mind. Laura from Huntsville asks: "I recently inherited my Father's IRA, and was wondering if I could convert it in to a Roth IRA?" For more Question of the Week videos, visit www.cloudfinancial.com... ( 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 Inheriting an individual retirement account (IRA) from a loved one can be a significant asset to receive. However, many beneficiaries may not be aware of the rules and regulations governing inherited IRA accounts, including the possibility of converting an inherited IRA into a Roth IRA. So, can a beneficiary convert an inherited IRA into a Roth IRA? The answer is yes, but there are several important factors to consider before ...

If you're planning to inherit a retirement account at some point, this video will help you avoid paying unnecessary taxes! It all depends on what type of beneficiary you are and what you choose to do next. The SECURE Act (circa 2019) brought with it a number of changes to the financial landscape. One of the most significant changes was to how inheritors of retirement accounts need to distribute funds from those accounts. Until recently, there was a lot of confusion. 0:55 - What are Required Minimum Distributions (RMDs)? 1:27 - What is the Required Beginning Date (RBD)? 2:26 - Categories of Beneficiaries 2:50 - Eligible Designated Beneficiary (EDB) 6:07 - Non-Eligible Designated Beneficiary (NEDB) 8:36 - Not Designated Beneficary (NDB) 9:48 - Why does this matter? Taxes that's wise 11:10 - Conclusion #taxes #inherited #ira #rmd #beneficiary #retirement... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA...