Timothy Sumer

Learn the do's and don'ts, tax implications, and wise investment moves, ensuring a smooth transition and boosting your wealth when inheriting a Roth IRA. 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 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 ...

On the Your Money, Your Wealth® podcast episode #211, Joe Anderson, CFP® and "Big Al" Clopine, CPA answer a phone message from Rob: "Joe was saying that the Roth is passed on to your kids tax-free. I was told by my tax accountant that no, it is not passed on to your kids tax-free, only to your spouse. See if they can clear that up for me, that’s a big question mark for me – alright, thanks. This is Rob and I live in Ohio, okay? Thanks." Read the transcript and show notes or listen to the full podcast: Pure Financial Advisors, LLC is a fee-only Registered Investment Advisor providing comprehensive retirement planning services and tax-optimized investment management to thousands of people across the nation. Schedule a free assessment with an experienced financial professional: Office locations: Ask Joe & Big Al On Air: Subscribe to our YouTube channel: Subscribe to the Your Money, Your Wealth® podcast: IMPORTANT DISCLOSURES: • Investment Ad...

In this video, you will learn about Inherited Roth IRAs and some options you have as the new owner. You can take out funds tax free or allow it to stretch or increase value over time. Watch to learn more. To learn more and read full transcript click here: ... ( 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 An inherited Roth IRA is a powerful tool that can help you build wealth and provide financial security for yourself and your family. But what exactly can you do with an inherited Roth IRA? The first thing you should do is to understand the rules and regulations that govern inherited Roth IRAs. Generally, you must take distributions from the inherited Roth IRA within five years of the original account holder’s death. You can also roll the money over into a new Roth IRA in your name, or convert it to a traditional IRA. If you decide to take di...

Inherieted Roth IRA's also know as Strech Roth IRA's maybe the most powerful Investment Vehicle available today. Find out more about Inherited Roth IRA at and ... ( 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 https://inflationprotection.org/inherited-roth-iras-or-stretch-roth-iras-a-very-powerful-investing-tool/?feed_id=44444&_unique_id=6385aa479a471 #Inflation #Retirement #GoldIRA #Wealth #Investing #inheritedRothIRA #RothIRA #strechrothira #InheritedIRA #inheritedRothIRA #RothIRA #strechrothira

In today’s video, we will be talking about inheriting IRAs, and some of the rules regarding holding these “beneficiary” IRAs. I’ll also be explaining how you can also still look at this solution from a cross border perspective specifically as it pertains to Canadian resident beneficiaries. For the purpose of today’s video, an IRA can refer to a Traditional IRA, ROTH IRA, rollovers, SEP and Simple IRAs, the process and rules are the same for all. The cool part about these types of accounts you can name just about anyone, including a trust, as beneficiary. There are however different sets of rules for spouse vs. non-spouse beneficiaries. #IRA #TraditionalIRA #InheritedIRA #beneficiary #SEP #SimpleIRA #Roth #RothIRA... ( 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 https://inflationprotection.org/inheriting-iras/?feed_id=40867&_u...

The assets continue to grow untaxed, you can choose your own beneficiaries and withdrawals are tax free. You cannot, however, let all the account just sit in the inherited Roth IRA. By Dec. 31 of the year after the year in which the owner died, you must have begun taking required minimum distributions (RMD) annually.You Can Inherit a Roth IRA. One of the greatest benefits of a Roth IRA, especially when compared to other investment assets such as a Traditional IRA or 401k retirement plan, is that a Roth IRA can be passed on to an heir when you die. There are no required minimum distributions with a Roth IRA.Generally, if the taxpayer receives distributions directly from the inherited IRA, the distributions are taxed, but the 10% penalty tax on premature withdrawals does not apply, even if the beneficiary is under the age of 59 1/2 .A Roth IRA, at the owner's death, is subject only to estate tax. The income tax paid on the conversion would reduce one's taxable estate. O...