In This video we'll help you decide if, when a spouse passes away, a SPOUSAL ROLLOVER or INHERITED IRA is the best option for your unique situation .There are a lot of rules and regulations surrounding IRAs, and it can be hard to understand them all. In this video, we'll help you understand the different options and help you decide which is best for you. 0:00 When a spouse leaves an IRA, 401k or 403b should surviving spouse do a Spousal Rollover or an Inherited IRA? 0:24 Depends on relative age of deceased spouse, Pre- 59 1/2 early withdrawal penalties, and age 72 and up Required Minimum Distributions / RMDs 0:46 If deceased spouse was older than you 1:32 If deceased spouse was younger than you 2:02 SECURE ACT / 10-Year Rule 2:20 Revocable / Irrevocable nature of your options 2:34 Remember to update beneficiaries on your OWN accounts! WHO'LL GET YOUR MONEY WHEN YOU DIE? ARE YOUR BENEFICIARIES UP TO DATE? Schedule an appointment to consult with us: Email (Cla...
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)