Timothy Sumer

The federal government made some tax law changes at the end of 2019. There were a lot of changes in IRA's, 401Ks and other provisions. In this video we will discuss three things that changed in IRA rules. The first change is that they eliminated the stretch option on inherited IRA's and replaced it with a 10 year rule. For RMD effective 2020, the age was raised to 72 and lastly, no contribution limit on the traditional IRA. Other tax law changes involve birth or adoption distribution, non tuition fellowship, compensation for IRA purposes, and non deductible IRA contribution can be made with certain foster care payments. #2019taxlawchanges #taxlaw #IRA Trusted Advice. Personally Delivered.... ( 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 The year 2019 has brought a bunch of changes to the tax laws that affect Individual Retirement Ar

LEARN MORE www.sfgacquisitions.com/irainforeports - get the Top 8 IRA Account Types and How It Is Used - Slideshare Traditional IRA A self-directed Traditional IRA may be opened by any individual with earned income. Cash is contributed into a Traditional IRA “pre-tax,” meaning the contribution is taken as a tax-deduction from earned income for that tax year. Roth IRA Cash is contributed to a Roth IRA “post-tax,” which means contributions are made with taxable earnings for that tax year. Because Roth contributions are taxed when they enter the account, it may be beneficial to open a Roth IRA account when your anticipated yearly income is going to be less, and therefore your tax bracket is lower. SEP IRA Simplified Employee Pension (SEP) IRAs are a popular employer plan for self-employed individuals. A SEP IRA allows you to choose the percentage of contribution for any given year (0-25% of earned income) for yourself and your staff. SIMPLE IRA The Savings Incentive Matc

Ed Slott tells Dean Barber his thoughts about how the SECURE Act impacted retirement planning . 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 Ed Slott is a renowned financial advisor, accountant, and author known for his expertise in retirement planning . Recently, he was featured on The Guided Retirement Show to discuss the SECURE Act and its impact on retirees. The SECURE Act, or Setting Every Community Up for Retirement Enhancement Act, was signe

In this session, I discuss the taxability of individual retirement account as it relates to the CPA exam. ✔️Accounting students or CPA Exam candidates, check my website for additional resources: 📧Connect with me on social media: #cpaexam #cpaexaminindia #cpareview... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA As you prepare for the CPA exam or plan for your future retirement, it’s important to understand the taxation of Individual Retirement Accounts (IRAs). Specifically, the taxable distribution of your IRA can have a significant impact on your tax liabilities. First, let’s define what we mean by “taxable distribution”. When you withdraw money from your IRA, the distribution can either be tax-free or taxable, depending on a number of factors. Generally speaking, if you withdraw money before reaching age 59 ½, you may be subje

A gold backed IRA is a prudent investment choice. Many folks are setting up an IRA to hold physical gold or silver. It is a fairly easy process to set-up an IRA to hold physical gold. The important thing to do is find a trustworthy and reputable gold dealer to work with who will give you good advice and pricing on the gold you purchase. There are some very good gold dealers, and some not so good ones too. It is important to choose a top-tier gold dealer when you set-up a gold backed IRA. See this site for reviews of all the best gold dealers: Another useful video "Gold IRA" is at This video "Gold Backed IRA" is linked at ... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation Gold Backed IRA: A Safe Haven for Your Retirement Savings A Gold Backed IRA is a type of Individual retirement account tha

866-589-9366 toll-free Making mistakes with your IRA can be costly. There are simple mistakes that can be avoided. As a member of Ed Slott's Master Elite IRA group I have extensive training on avoiding these mistakes. It is much more common that people realize. After spending just a few minutes with me people realize that there are potential issues they were *never* told about. Without the extensive training I have, I'd think the accounts were setup properly too.... ( 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 When it comes to Individual Retirement Accounts (IRAs), naming beneficiaries is a critical aspect of retirement planning . Beneficiaries are the individuals who will inherit your IRA assets after your death. However, many IRA holders make beneficiary designation mistakes that could jeopardize their beneficiaries' finan

America's Retirement Asset Distribution Professional, Andrei Hall explains why Employees must understand the myriad of issues inherent in the decision of whether to roll over a plan account to an IRA. Andrei S. Hall, CFP, CPRC PRESIDENT, HALL WEALTH MANAGEMENT GROUP Andrei.Hall@lpl.com 949-222-6401 HWMG-LPL.COM Click here to schedule a quick chat with Andrei Hall: ... ( 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 HWMG - Employer Plan to IRA Rollovers - Week 3 - Why it could be a Good or Bad Idea for You retirement planning is essential for a comfortable and stress-free retirement. As part of this process, many people consider rolling over their employer-sponsored retirement plans into individual retirement accounts (IRAs) when leaving their jobs. There are several reasons why this could be a good or bad idea for you, depending on yo

In this episode of Ready for Retirement, James discusses what you should do with your 401(k) when you retire. Questions Answered: What are the best ways to reduce fees in a 401(k)? Should you move your 401(k) elsewhere? How can your overall retirement strategy be improved? Timestamps: 00:00 - Introduction 1:45 - Listener Question 3:23 - 401(k) Hidden Fees 7:52 - Gaining More Control 9:45 - Investment Options 13:40 - Clunky Planning 17:03 - After-Tax Contributions 21:05 - Net Unrealized Appreciation 24:02 - Tax Treatment 26:08 - Age Importance 29:50 - Working With Us Learn the tips & strategies to get the most out of life with your money. Get started today → Subscribe to be notified for future videos: _ _ For more resources and content, check us out below! Website // Podcast // Instagram // Facebook // LinkedIn // Other videos we think you'll like: About Root: Worried about retirement? Start here: ... ( read more ) LEARN MORE ABOUT: 40

For more information, please contact us at This educational video about IRA Beneficiary Trusts was produced by California estate planning & elder law attorney Randall F. Kaiden. This video talks about IRA Beneficiary Trusts. Despite what many people believe, you can name a trust as the beneficiary of an IRA and STILL stretch out the distributions from that IRA for a very long time. Such trusts are called conduit or see-through trusts. One must be careful when they set up (i.e. an attorney drafts) this type of trust but its unique advantages outweigh the complexities. For example, with this type of trust, you can provide for both a spouse after you pass away as well as your children from a prior relationship. Without it, one or the other, could end up with none of that IRA. And as of 2014, under the Supreme Court decision in Clark v. Rameker, inherited IRAs are no longer protected from creditors! But with an IRA Retirement Trust, you can stretch out retirement accounts w

America's Retirement Asset Distribution Professional, Andrei Hall explains why Employees must understand the myriad of issues inherent in the decision of whether to roll over a plan account to an IRA. Andrei S. Hall, CFP, CPRC PRESIDENT, HALL WEALTH MANAGEMENT GROUP Andrei.Hall@lpl.com 949-222-6401 HWMG-LPL.COM Click here to schedule a quick chat with Andrei Hall: ... ( 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 When it comes to retiring with financial stability, a vital factor is how much one has saved in their retirement account . One significant aspect of retirement planning to consider is the type of account the retirement savings is in. For those who plan on leaving their current employer, their retirement savings can be easily transferred to an Individual retirement account (IRA), and the HWMG-Employer Plan to IRA Rollovers is

How Roth IRA vs. Traditional IRA Can Save Your Life Do you know the difference between a Roth IRA and a Traditional IRA? Watch this video to find out! A Roth IRA is funded with after-tax dollars, but the money grows tax-free and can be withdrawn tax-free in retirement. A Traditional IRA is funded with pre-tax dollars, but withdrawals in retirement are taxed as income. So which is right for you? Watch this video to find out! M1 Finance: MY FAVORITE INVESTMENT PLATFORMS: -Robinhood: -M1 Finance: -Webull: -Ally Invest: DON’T FORGET TO SUBSCRIBE: ✔️ ALSO, SEE SOME OF OUR OTHER VIDEOS: ➤ FAST & FURIOUS: ➤ Most Recent: ➤The Road To Financial Freedom: ➤Cryptocurrency & NFT Talk: ➤Investing Into The Metaverse: ➤Investing: ➤ MEME’d Financial News: 💥 Hustle & Power: MUSIC & VIDEO: Storyblocks (Videoblocks & Audioblocks) Annual Subscription Again, please do not forget to Like, Subscribe & Press The Notification Bell to suppo

Why YOU should think about switching to a self directed IRA... ( 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 Individual Retirement Accounts (IRAs) are one of the best investment options for individuals who want to save for their retirement. It is a tax-advantaged account that allows you to invest your money in a variety of assets such as stocks, bonds, and mutual funds. Inherited IRA to Self Directed IRA is one of the most popular ways for beneficiaries to take control of their inheritance. An Inherited IRA is a retirement account that is left to someone after the account owner has passed away. The beneficiary of the Inherited IRA can take the distributions from the account, but these distributions are subject to certain IRS rules and regulations. The account has to be distributed within a certain timeframe and the beneficiary has to pay t

... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As the job market has shifted over the years, so has the way we save for retirement. Gone are the days of relying solely on pensions and Social Security benefits. Today, many people rely on 401(k), SEP, or IRA plans to save for their retirement years. While these plans can offer significant tax advantages and the potential for long-term growth, they also come with a hidden risk that many investors may not be aware of. The hidden risk in these retirement savings plans is that they are heavily dependent on the stock market. The stock market is inherently volatile and can experience significant fluctuations in short periods of time. This volatility can wreak havoc on a retirement portfolio, especially for older investors who are closer to retirement age and have less time to recover from mark

Most financial advisors are general practitioners. They don't specialize in retirement. We find that this leads them to accepting and recommending generally accepted advice. While this general advice may be good for some, it certainly isn't appropriate for everyone. retirement planning is a dynamic, fluid process. What's good today, may not be good tomorrow. As times change, your advisors advice should change as well. We find that this isn't the case and too often the same advice is given to clients that was made sense 15 years ago, but is out of date today. This video explores one of the biggest mistakes we constantly hear from new clients that their previous advisor had told them. We when do the analysis, and show them the math, they are shocked that such reputable firms would give such bad advice for their situation. It's not that they are bad people, it's just that they are general practitioners and don't specialize in retirement. Often

Which IRA provides the most benefit for someone who is self-employed?... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERTING IRA TO GOLD: Gold IRA Account CONVERTING IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA As a self-employed individual, it’s important to plan for your retirement. One way to do this is by opening an Individual retirement account (IRA). But with three different types of IRAs to choose from – Roth, Traditional, and SEP – it can be overwhelming to decide which one is the best fit for your financial goals. Here’s a breakdown of each type of IRA and the benefits they offer: 1. Roth IRA A Roth IRA is an investment account where you contribute after-tax dollars. Unlike a Traditional IRA or a SEP-IRA, you won’t get a tax break for contributing to a Roth IRA, but your money will grow tax-free. This means that when you withdraw your money during retirement, you won’t owe taxes on the earnings. Roth IRA contributio

Clients of Marshall Reddick Real Estate share their experience investing in rental property with a Solo 401k or Self-Directed IRA. With the guidance of Marshall Reddick advisors and with the help of Sense Financial, hundreds of investors have been able to obtain checkbook control over their retirement accounts and grow their Solo 401k or Checkbook IRA accounts with double-digit returns from real estate investments. Please visit to learn more about investing in real estate and for more information about self-directed retirement accounts.... ( 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 Investing with a self-directed IRA or solo 401K is becoming increasingly popular among retirement investors. Marshall Reddick is one company that offers guidance to clients looking to invest in real estate, precious metals, private equity, and other alternati

Steve Deeds IRA Protection With Gold and how to protect your retirement... ( read more ) LEARN MORE ABOUT: Precious Metals IRAs HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing REVEALED: Best Investment During Inflation Steve Deeds IRA Protection With Gold 2 Steve Deeds is a financial analyst who has made it his mission to help individuals protect their savings and investments. In particular, he has been an advocate for investing in gold, which he believes provides a hedge against economic uncertainty and market volatility. One of the ways that Steve Deeds recommends investing in gold is through an Individual retirement account (IRA). An IRA is a tax-advantaged investment account that allows individuals to save for retirement while enjoying certain tax benefits. However, not all IRAs are created equal. Traditional IRAs are typically invested in stocks, bonds, and mutual funds, which can be subject to market flu