Timothy Sumer

Do you have a tax-efficient retirement income strategy that minimizes RMDs and maximizes your after-tax wealth? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to You can throw out the old RMD tables. RMD rules are changing in 2022! With the SECURE Act, the RMD starting age was pushed back from 70 1/2 to 72. But that's the only thing that has adjusted... until now. IRS was a bit slow but they have updated the RMD tables to reflect this 1 1/2 year change in RMD age. The new tables will control your required minimum distribution for all tax-deferred accounts and pre-2020 inherited IRAs moving forward. The formula itself has not changed but rather the distribution factor you need to calculate your RMD has adjusted to reflect the SECURE Act. In this video, we talk about the good and the bad of this IRS-mandated change. Although confusing, this change

Do you have a tax-efficient retirement income strategy that minimizes RMDs and preserves tax-free growth within your Roth Accounts? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to Did you know there are two instances where Roth accounts will have a mandated withdrawal? Now, the good news here is that you won't have a tax consequence from a Roth RMD. The bad news is that taking money from any account when you don't want to (specifically a Roth IRA), is nonoptimal. That withdrawal can no longer compound tax-free. The Roth RMD comes from the type of Roth plan you have. Certain company-sponsored plans are subject to the normal RMD rules. Luckily, avoiding this specific RMD is very simple. We discuss how in this video... The second Roth RMD comes from inheritances. Now inherited IRA rules have become a bit more complex in recent years. Certain reti

Do you have a forward-looking tax plan that minimizes RMDs and maximizes your after-tax wealth? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to There are few penalties within the IRS code that hurt more than an RMD miscalculation penalty. The confusing part for many retirees is knowing which of the 3 RMD tables you need to follow to calculate your RMD. Should you follow the Uniform RMD Table? What about the Joint RMD Table? Or maybe the Single Life Expectancy RMD Table? It can be enough to make any retiree's head spin. But following RMD rules is a must. Both with your own IRAs as well as with any inherited IRAs. Note: Inherited IRAs before 2020 have an annual inherited IRA RMD due to a previous stretch ira provision This video will be the blueprint you need to accurately calculate and take your required minimum distributions throughout your reti