The SECURE Act 2.0 impacted the rules governing Inherited IRAs, essentially requiring most non-spouse beneficiaries who inherit retirement assets to draw down the balance in ten years. Here, we review the new rules and the different strategies you may choose to employ to draw down the assets, which include: -Straight Line Method -Maximize Employer retirement account Contribution Method -Tax Minimization Method -Bonus: Inherited Roth IRA Method For a written version of this content, with example scenarios, read our blog post on the topic: Looking for professional advice about your inherited IRA? Have other financial concerns? Schedule a free, no-obligation call to see if we can help: Fiduciary | Flat Fee | Independent Advisor | No Products Sold ------ Resilient Asset Management is a financial advisory firm registered in the State of Tennessee. This information is provided for educational purposes and should not be considered tax, legal, or financial advice. Individu
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)