Timothy Sumer

It’s hard to believe that we’re approaching the 100th episode of The Guided Retirement Show. But before we release that special episode later this season, we want to reflect on The Guided Retirement Show’s first two episodes. They were released back in 2019 and focused on Roth vs. traditional IRAs. Along with looking back at what all has changed in the tax code that impacts the Roth vs. traditional decision, we need to take a forward-looking approach during this discussion. That’s because there are new tax laws scheduled to start in 2026 after the Tax Cuts and Jobs Act sunsets. There a lot of things that need to be considered when choosing between Roth and traditional. Modern Wealth Management Managing Directors Dean Barber and Bud Kasper and Director of Tax Corey Hulstein, CPA are going to review those considerations. In this podcast interview, you’ll learn: • The Difference between Roth vs. Traditional • Tax Rates Are Scheduled to Go Up in 2026 • Some of the Key Changes

A lot of avid football fans probably have heard Hank Williams Jr.’s song, Are You Ready for Some Football? that went to the tune of his hit, All My Rowdy Friends Are Coming Over Tonight. Several of our team members are ready for some football, especially in our Kansas City-and Detroit-area offices since the Chiefs and Lions are kicking off the NFL season. But while we’re excited for football, we have a more important question for you. Are you ready for retirement? We’re going to discuss some key factors concerning retirement readiness to that you’ll be ready to retire. Timestamps: 00:00 – Kick Off! 01:55 – Focused on Financial Education 04:49 – Retirement Readiness & Resources 08:57 – Defining What You Want Retirement to Be 11:26 – Welcome to the Team Brian & Jeremiah Johnson! 11:56 – Spending Plan 12:39 – Planning for Inflation 14:05 – Healthcare Expenses 15:03 – Tax Planning and Rothaholics! 18:20 – TRIVIA 20:56 – Social Security and Estate Planning 23:04 – Join

On July 14, the IRS issued Notice 2023-54, which gave some people good news regarding rules for inherited IRA distributions. The notice provides relief for 2023 missed RMDs for non-eligible designated beneficiaries who must follow the 10-year payout rule. It also extends a 60-day rollover deadline for those who took or who were given unnecessary IRA distributions in 2023 to roll them back into their accounts. Dean Barber and Bud Kasper further discussed these rule changes for inherited IRA distributions on America's Wealth Management Show. Timestamps: 00:00 – Introduction 01:35 – It’s Confusing 03:01 – Three Types of Beneficiaries 05:27 – Why Did the Govt. Do This? 06:08 – TRIVIA 07:00 – Traditional IRAs Are BAD for Wealth Transfer 09:45 – IRS Notice 2023-54 12:10 – Tax Reduction Strategies 12:54 – Roth IRA to Eliminate Uncertainty 16:59 – Dean Tells a Charitable Story Reducing Taxes 19:03 – What We Learned Today Tax Reduction Strateiges: SECURE Act Content Special N

Retired US Marine Corps First Sergeant Chad Webb and Dean Barber discuss navigating a Thrift Savings Plan (TSP) as a veteran. Watch the full episode: Episodes with Ed Slott: Episode 67: Episode 45: Episode 31: Start planning with our financial planning tool: Schedule a Complimentary Consultation with Barber Financial Group: For more info about this episode visit: ... ( 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 The Veterans Thrift Savings Plan, commonly known as TSP, is a retirement savings plan designed to provide current and retired military personnel with a reliable source of income after their service has ended. This plan is managed by the Federal Retirement Thrift Investment Board, which is designed to provide consistent investment returns and long-term growth for participants. The Guided Retirement

We're kicking off 2023 with our 2023 retirement planning Calendar. Chris Rett, CFP®, goes through the most important dates for each month in 2023, changes in retirement plans, annual tasks, final quarter tasks, and big birthdays to pay attention to as you approach retirement. Schedule a conversation: 2023 retirement planning Calendar: Sign-up for our Barber Financial Group Educational Series: Educational Series Playlist: Learn more about Barber Financial Group: Access our industry-leading financial planning tool: Introduction: 00:00 January: 01:23 February: 03:52 March: 05:28 April: 06:12 May: 07:39 June: 08:50 July: 10:41 August: 12:15 September: 12:35 October: 13:40 November: 15:55 December: 16:26 Final Quarter Tasks: 16:52 Annual Tasks: 18:12 Big Birthdays: 19:08 Conclusion: 22:13... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVES

The rules of inherited IRAs are extremely difficult to understand due to the SECURE Act, yet they must be understood. Dean Barber and Bud Kasper review the inherited IRA rules and explain how the can affect different beneficiaries. Schedule a Meeting: Start Planning Here: More on this episode: Other Videos: 2022 Year-End Tax Planning: What Is Tax Diversification?: Podcasts: Ed Slott in Studio! - Creating a Tax-Free Retirement with Ed Slott - Articles: Yet Another Interest Rate Hike — What Does It Mean for You?: The Impact of Rising Interest Rates: RMD Penalty Waived for 2021 and 2022 Missed RMDs within 10-Year Rule: What Is a QCD?: How Much Do I Need to Retire?: The SECURE Act's 10-Year Rule: 10 Ways to Fight Inflation in Retirement: 6 Reasons Roth Conversions Could Work for You: Other Resources: Barber Financial Group Educational Series: The Guided Retirement Show: Disclosures and Introduction: 00:00 Bad Times for the Bond Aggregate: 01:16 Inher

Ed Slott and Dean Barber talk about what they think about the Roth IRA. For more info about this episode visit: Ed's new book: The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings by Ed Slott - Elite IRA Advisor Group - Episode 31: How to Avoid the Biggest Tax Traps with Ed Slott - Schedule a Complimentary Consultation with a Barber Financial Group Advisor - ... ( 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 https://inflationprotection.org/what-ed-slott-thinks-about-the-roth-ira-the-guided-retirement-show/?feed_id=38305&_unique_id=636dfd5614c9f #Inflation #Retirement #GoldIRA #Wealth #Investing #deanbarber #edslott #investing #iraaccount #iraaccounts #iraplanning #irataxes #Retirement #retirementira #retirementplanning #Roth