Timothy Sumer

Reliable streams of retirement income will vanish when a spouse passes away. Social Security and pensions are subject to survivorship implications that may not be felt for decades. Consider the spousal consequences of timing and starting income. Decisions early in retirement may have consequences on your spouse even after your own life expectancy. Contact Ron Courser, CFP® to make sure your plan addresses Spousal Income Risk in Retirement (616) 301-2581, and visit the website at For more updates on when Cornerstone Retirement Partners uploads a new video follow these social medias Facebook - Linkedin - Twitter - If you perfer to listen to the videos they will be posted in audio form on this page. Financial Education Find out more information about Cornerstone Retirement Partners, request a consultations, or download the resources mentioned in today’s episode by visiting www.cornerstone-rp.com Disclosure: Investment Advisory Services offered through Brookstone Capit...

Source: Have you received an Inherited IRA? These are the rules and deadlines you should know to avoid taxes and penalties.... ( 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 If you have inherited an IRA from a family member or a loved one, managing it can seem overwhelming at first. However, it's crucial to know how to manage your inherited IRA because it can provide a significant source of retirement income for you in the future. In this article, we will discuss the steps you need to take to manage your inherited IRA effectively. Step 1: Understand the IRA Distribution Rules Inherited IRAs have different distribution rules than regular IRAs, and they depend on various factors, such as the age of the original IRA account owner, the relationship between the owner and the beneficiary, and more. In general, beneficiaries of inherited IRAs ...

Rich Paul, CFP® and special guest Rebecca Wrock, discuss common estate planning mistakes such as a minor inheriting money, ways to stretch your IRA, adding a child as joint owner, lady bird deeds, and more. www.rwpaul.com/ Disclosure: The retirement planning Podcast is for Educational Purposes Only and is not intended as investment/tax advice. Please consult with a qualified professional for any financial, insurance, tax, or legal matters. Richard W. Paul & Associates, LLC, is a Registered Investment Advisor. Advisory services offered through Richard W. Paul & Associates, LLC. Insurance services offered through Midwest Financial Consultants, Inc. The aforementioned are affiliated companies. Matthew Paul is a registered representative with securities offered through G.F. Investment Services, LLC, member of FINRA/SIPC. Richard W. Paul & Associates, LLC and G.F. Investment Services, LLC, are separate entities.... ( read more ) LEARN MORE ABOUT: IRA...