Timothy Sumer

Generally, if you receive a distribution from an IRA or qualified retirement plan prior to reaching age 59 1/2, you pay a 10% penalty tax (in addition to the ordinary income tax) on the distribution. However, if you retire on or after reaching age 55, you may be able to receive penalty-free distributions from your employer's qualified retirement plan (such as an employer-sponsored 401(k), 403(a), or 403(b). In this presentation, we discuss the general requirements, exceptions, and reporting surrounding the rule of 55.... ( 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 Tenth of an Hour: Episode 111 - Rule of 55: Early Distributions from Qualified Retirement Plans retirement planning is a critical aspect of every individual's financial journey. As we work towards ensuring a secure future, understanding the...

Drew Stevens PhD Leadership and Management, MBA with Over 38 years of Financial and Sales/Marketing expertise with investments, insurance, annuities, financial planning, analysis, and educating struggling clients to eliminate debt, increase liquidity, and maximize savings for retirement planning . If you wish to earn CPE for this content, Click here to access the courses and earn a credit. This course is available under the Unlimited Access Subscription. Subscribe to myCPE Unlimited Access at $199.00 (Original Price $299.00) myCPE Unlimited Access Subscription includes: • 10,000+ Hours of Content Ethics courses are included • 500+ Subject Areas covered • 700+ Instructors delivering content. • 50+ Advance Certification Courses • 100+ Designation Approved (CPA, EA, CFP & more) • Multiple learning avenues - Live webinars, On Demand, Podcasts, and more. • Ultimate 24/7 Flexibility with Self-Study & Podcasts and much more. • Take CPE anytime, anywhere on the go with m...

For anybody who is the beneficiary of an inherited IRA, the rules regarding distributions and access to the inherited IRA can be tricky to navigate. In this presentation, we give a fresh look to the general principles of inherited IRAs, including some (but not all) of the changes from the SECURE Act.... ( 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 On Tenth of an Hour, Episode 119, we explore the basics of Inherited IRAs. Inherited IRAs are individual retirement accounts that are transferred to a beneficiary after the death of the account holder. These accounts can be passed on to any person or entity, including spouses, children, grandchildren, and trusts. There are two types of Inherited IRAs: Traditional and Roth. Traditional Inherited IRAs are taxed as ordinary income upon withdrawal, while Roth Inherited IRAs are not taxed, provided the...

CPAR November 2016 Segment 4 Rachel Faye Smith on ERISA Noncompliance Penalties Accountants, as well as executives at their clients' offices, have a fiduciary obligation to ensure that employee benefit plans are properly maintained and administered. So, what can - and should - you be doing to lessen your personal and professional liability? In this segment, Rachel Faye Smith, a partner at Murtha Cullina LLP, evaluates how proposed changes to the forms and regulations that govern annual benefit plan reporting could affect your workload and counsels you on how to diminish your potential legal responsibility. Learn more about this course at ... ( 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 As a fiduciary, you have an obligation to ensure that your company’s retirement plan is in compliance with the rules and r...