Timothy Sumer

The IRS issued a new revenue ruling at the beginning of 2023 that has flown under the radar and could mean a meaningful tax increase to you or your heirs. Have a question you want to be answered on the show? Call or text 574-222-2000 or leave a comment! Want to speak with a Certified Financial Planner™? Visit or call 574-247-5898. Find more information about the Wise Money Show™ at LINKS: Be sure to stay up to date by following us! Facebook - ​ Instagram - Twitter - ​ Want more Wise Money™? Read our blog! ​ Listen on Podcast: ​ Subscribe on YouTube: Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a los

It may seem odd to think about contributing to a pension after retirement, after all, retirement is the time you should be spending your pension, right? Well, yes of course, that is certainly one option. But in the early years of your retirement, you might still be working a bit or not need as much from your pension. You might utilise other sources of income first like cash savings, rental income, an inheritance or even other different types of pensions. Here are three reasons why you might want to consider contributing to a pension after retirement: 1. Tax relief. What you pay into a defined contribution pension is topped up by the government via tax relief. For example, if you pay in £8,000 into a pension, the government will top this up by £2,000. That’s a 25% return! Plus if you are a higher rate Income Tax payer you can claim further tax back. Also, if you are still working part time, your employer will likely pay into your pension too! 2. Tax free growth.

What to do with my Inherited IRA? #estateplanning #probate #wealth #family #kids #taxhacks #estatetax #realestate #campanilelaw #njestateattorney #divorce #will #newjersey #wills #trusts #nj #inheritance #inheritancetax #executor #IRA I love comments. I create these videos to help people out withe estate planning and I have zero expectations. I love to help people and love to interact. Please take a second and say ‘Hi’ in the comments and let me and know what you thought of the video… and p.s. It would mean the world to me if you hit the subscribe button. -- If you want to talk more about estate planning or probate go to -- If you need estate planning or probate help, send me a message and I will schedule time, at no cost, to discuss your needs with you. David Campanile is the owner of Campanile Law, LLC. He created it with one goal to ensure your legacy is preserved for future generations. You’ll find information here on estate planning, probate, revocable living trus

Secure Act Changes May Make Inherited IRA's to Your Kids a Bad Idea If you’re planning to leave an inheritance to your children, there’s a new rule that will probably cause your kids to pay more taxes if you pass on your retirement plan. Today, we’re discussing how the Secure Act, passed in 2019, affects your retirement plans (401k, Inherited IRA, Stretch IRA, etc.) and front-loads taxes to kids to inherit these plans. If you want to know what the Secure Act is, how it applies to you, and what you can do about it … tune in now! Want the Exact Privatized Banking Strategies Our Clients Are Using to Build Financial Freedom? CLICK HERE For the #1 Secret: Listen to The Money Advantage podcast: Ready to move forward with Privatized Banking, alternative investments, or cash flow strategies to coordinate your finances so that everything works together to improve your life today and accelerate time and money freedom? Book an Introductory Call with our team today: