Timothy Sumer

0:00-0:25 - Introduction 0:26-2:39 - Withdrawal differences: taxes, penalties on early withdrawal, RMDs 2:40-2:54 - Conclusion... ( 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 https://inflationprotection.org/roth-vs-traditional-ira-withdrawal-differences-part-3/?feed_id=44899&_unique_id=63876364ba4da #Inflation #Retirement #GoldIRA #Wealth #Investing #ira #requiredminimumdistribution #RMD #ROTH #RothIRA #traditional #TraditionalIRA #ira #requiredminimumdistribution #RMD #ROTH #RothIRA #traditional

In this video we discuss the process of turning Non-Qualified Funds into Qualified Funds. We discuss how to minimize income taxes during your lifetime including a discussion of when it is optimal to use tax deferred accounts vs Roth accounts. We discuss IRAs, 401(k)s, 403(b)s, 457(b)s, TSPs, SEP, and SIMPLE plans. Also Required Minimum Distribution (RMD)s and what states are tax friendly for retirement purposes. We give an introduction to how Roth Conversions can be used to minimize taxation during your retirement years. Insurance Services are offered through FEFA. Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and FEFA or FEFA Asset Management are not affiliated companies. Investing involves risk, including the potential loss of principal. Any references to protection, safety or lifetime income, generally refer to fixed insurance products, never securities or investments. Insurance guarantees are back

Learn what an IRA charitable rollover is (also known as a qualified charitable distribution). Learn about how a scholarship fund, a designated fund, or a donor advised fund could be used.... ( 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/what-is-an-ira-charitable-rollover/?feed_id=42043&_unique_id=637c6acdc0347 #Inflation #Retirement #GoldIRA #Wealth #Investing #Donoradvisedfunds #IRACharitableRollover #QualifiedCharitableDistribution #requiredminimumdistribution #traditionalIRA #RolloverIRA #Donoradvisedfunds #IRACharitableRollover #QualifiedCharitableDistribution #requiredminimumdistribution #traditionalIRA

Do you need to take a Required Minimum Distribution (RMD) from each of your retirement accounts or can you take it all from one? Have a question for 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 - ​ Twitter - ​ Instagram - 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 loss in a declining market. Past performance is not a

What are the rules about inheriting an IRA from a loved one? Do you need to take distributions? How long do you have to take the funds from the account? The rules on inheriting IRA's have changed, and we explain it.... ( 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/what-is-a-beneficiary-ira/?feed_id=41364&_unique_id=6379c78fadd52 #Inflation #Retirement #GoldIRA #Wealth #Investing #antoniocibella #clevelandfinancialadvisor #individualretirementaccount #inheritance #IRAdistribution #requiredminimumdistribution #Retirement #RMD #RothIRA #secureact #taxesinretirement #traditionalIRA #visionwealth #InheritedIRA #antoniocibella #clevelandfinancialadvisor #individualretirementaccount #inheritance #IRAdistribution #requiredminimumdistribution #Retirement #RMD #RothIRA #secureact #taxesinretirement #tradi

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

#financial education #retirement tax planning Are you planning for retirement? Do you have most of your retirement savings in Traditional IRA's or 401k plans? You could be sitting on a huge tax liability bill! In this video I outline a tax strategy for retirement. (one of my 7 core elements of retirement planning ) In this video you will learn... ** How the Tax Cuts and Jobs Act of 2018 presents a unique planning opportunity for retirees. ** How to coordinate your Social Security strategy into your tax plan for retirement. ** The 3 primary retirement tax buckets and how to balance your investments in each. ** What happens to your taxes if you or your spouse dies. ** How your taxes can cause higher medicare costs. ** Impact of Required Minimum Distributions on your taxes. Thank you for watching! Please subscribe to our channel if you like the content. retirement planning can seem overwhelming, and it's hard to know where to start. I am passionate about retir

How to value your alternative assets in a Self-Directed IRA: -- For most of us, our retirement account is our greatest source of wealth, so it's important to know what it's worth. Not only do you care, but the IRS (Internal Revenue Service) also cares about the valuation of your Self-Directed IRA and how you value it. It's not a difficult concept and you don't need to be an expert to have a Self-Directed IRA. Typically, it's not difficult to determine, but we'll tell you when it is and what you should do. Discover more videos by IRA Financial: -- About IRA Financial: IRA Financial Group was founded by Adam Bergman, a former tax and ERISA attorney who worked at some of the largest law firms. During his years of practice, he noticed that many of his clients were not even aware that they can use an IRA or 401(K) plan to make alternative asset investments, such as real estate. He created IRA Financial to help educate retirement account holders abou

Tax free strategies at RMD's are forced distributions by the IRS on your retirement accounts. This can cause you to pay a lot more in taxes in retirement than you may have planned for. Even if you are investing in the right way - you don't want to pay more in taxes in retirement than you should. So here is some quick financial education. A good strategy can help you save on taxes in retirement. When you reach age 70½, you're required to withdraw a certain amount of money from your retirement accounts each year. That amount is called a required minimum distribution, or RMD. RMD rules apply to tax-deferred retirement accounts: Traditional IRAs Rollover IRAs SIMPLE IRAs SEP IRAs Most small-business accounts Most 401(k) and 403(b) plans Learn about the tax bucket strategy here: ... ( 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