Timothy Sumer

Are you looking for the best type of annuity for retirement? Don't worry, the annuity man got you covered, but I am not going to sell you annuities. In this episode, I will share an easy to understand acronym that will help you answer what is the best type of annuity for your retirement goal. Stay tuned! Watch and Enjoy! Stan The Annuity Man Request Free Owner’s Manual Here ======================== Key Moments in this Episode ======================== 00:35 PILL 01:54 Don't buy annuities for this goal 03:11 Principal protection 03:37 Income for life 04:16 Legacy 04:56 Long-term care 05:52 Story time What To Watch Next: ======================== Annuities As Part Of Retirement Portfolio Other Resources ======================== Visit Stan The Annuity Man’s website Learn more about Stan The Annuity Man Get your annuity quote here ======================== Video by Nate Woodbury BeTheHeroStudios.com #StanTheAnnuityMan #Annuity #TheAnnuityMan... ( read more ) ...

Let’s dig a little deeper on legacy planning and talk about taxes on the death benefit to the annuity beneficiary, both for a taxable and non-taxable account. Is a retirement annuity the most tax advantageous way to gift to a beneficiary at death? And while I am on the topic of a tax deferred account, such as an IRA, I will also discuss the payout options for a fixed index annuity since the Secure Act has changed how inherited IRAs are to be distributed to non-spousal beneficiaries. Table of Contents: 00:00 - Introduction 01:29 - Refresher on Annuities and Taxes 02:10 - Taxation of Death Benefit for Inherited IRA 02:54 - Is there a more tax advantageous way to gift a death benefit? 04:23 - Introduction on The SECURE Act 04:52 - Impact of the Act on Fixed Annuity in an Inherited IRA 06:04 - Taxation of Death Benefit in Taxable Account ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ▶️Schedule a 15-minute conversation: ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ 📲CONNECT WITH...

Learn how you can protect your income stream from inflation... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Inflation Protection for Your Income for Life Inflation is a fact of life that many people tend to ignore or forget about. However, ignoring inflation can have serious consequences for your retirement income. If you want to secure your income for life, it's important to understand the impact of inflation and take steps to protect yourself. The impact of inflation Inflation is the rate at which the general level of prices for goods and services is rising, and subsequently, the purchasing power of money is decreasing. In other words, the same amount of money buys less than it used to. This means that if you have a fixed income, such as a pension, your purchasing power will erode over time. For example, let's...

The most important objective of your retirement plan is to create reliable income for you and your spouse. For that reason, you need to tap into financial resources that will produce income, in a secure and consistent manner. This is the definition of an annuity. At its simplest level an annuity simply means you have invested your money in a way that is structured to pay you a future, guaranteed income you can’t outlive. The most appealing benefit of an annuity is that it will not only provide you with income, but it also provides you with a place to invest your money that is protected from downside risk. Now you might not like an annuity and that’s fine. If that is you then make sure to cancel your social security benefits and any pension benefits you might have – because those are annuities.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILV...

(972) 417-2855 Get Whiteboard Animated Videos like this one for your business here: What is a “Stretch IRA” and why should you consider it? The term "stretch IRA" has become a popular way to refer to an IRA, either traditional or Roth, with provisions that make it easier to "stretch out" the time that funds can stay in your IRA after your death, even over several generations. Earnings in an IRA grow tax deferred. Over time, this tax-deferred growth can help you accumulate significant retirement funds. If you're able to support yourself in retirement without the need to tap into your IRA, you may want to continue this tax-deferred growth for as long as possible. In fact, you may want your heirs to benefit--to the greatest extent possible--from this tax-deferred growth as well. But funds can't stay in your IRA forever. Required minimum distribution rules will apply after your death. For traditional IRAs, minimum distributions are also requ...

So is the Roth IRA the best option for your fixed annuity? I mentioned in a prior video that a Roth IRA provides the best tax consequences for your fixed annuity of all of your choices. And if your fixed annuity provides lifetime income, you have a double benefit of favorable tax benefits and never outliving your money! Who could want for more? Well, let me throw in one more curveball. What are the consequences of a fixed annuity if it is in an inherited Roth IRA? You generally don’t have to pay taxes on an inherited Roth IRA. So you would think there are no ramifications from the 10-year rule of the SECURE Act for non-spouses since the intent is for the government to get their tax dollars sooner. But there are… If the SECURE Act is a factor for an inherited Roth IRA, could there possibly be a better choice than a Roth IRA when considering multi-generational wealth building in addition to tax benefits and lifetime income? Please Subscribe and don't forget ...

(972) 417-2855 Get Whiteboard Animated Videos like this one for your business here: (619) 850-5835 Here are some important factors to consider before Converting Funds from a Traditional IRA to a Roth IRA Roth IRAs provide tax-free income and eliminate the need for Required Minimum Distributions. But the conversion of funds from a traditional IRA to a Roth IRA is considered a taxable distribution, subject to federal income tax and a possible penalty. If your funds consist of investment earnings and tax-deductible contributions, then converting your traditional IRA funds to a Roth IRA will result in federal income tax due on those funds. ). Paying the tax due with IRA funds reduces the amount that grows tax free in the Roth IRA IRA funds used to pay the tax may be subject to additional income tax and possibly a penalty. However, if you pay the tax due with non-IRA funds, that allows more dollars to be funneled into the tax-free Roth IRA. We can help you determine wh...