Timothy Sumer

SECURE Act Explained! Retirement Solution? or IRA TAX Grab? (Secure Act 2020) The Secure Act is here, but it is designed to help you plan for retirement or hurt your inheritance? What is the secure act? Video Outline and Time Stamps so you can quickly jump to any topic: • Retirement IRA RMD rules have changed! - 0:37 • More retirement options for part-time employees - 1:14 • Changes to automatic enrollment 401(K) cap - 1:46 • Annuities coming to 401(K)s? - 2:37 • Taxes on inherited IRAs - 2:59 • Exceptions to these rules - 5:58 • Other important provisions of the Secure Retirement ACT - 6:10 • My overall thoughts regarding the secure act - 7:10 Here are some of the key highlights (These are highly summarized) 1. RMD Age (for Some) Pushed Back to Age 72 Right now, those with traditional IRAs have to start taking required minimum distributions (RMDs) by April 1 following the year in which they turned 70 ½. This provision takes effect on January 1, 2020. So, if you’re sla

Ed Slott tells Dean Barber his thoughts about how the SECURE Act impacted retirement planning . For more info about this episode visit: Ed's new book: The New Retirement Savings Time Bomb: How to Take Financial Control, Avoid Unnecessary Taxes, and Combat the Latest Threats to Your Retirement Savings by Ed Slott - Elite IRA Advisor Group - Episode 31: How to Avoid the Biggest Tax Traps with Ed Slott - Schedule a Complimentary Consultation with a Barber Financial Group Advisor - ... ( 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 Ed Slott is a renowned financial advisor, accountant, and author known for his expertise in retirement planning . Recently, he was featured on The Guided Retirement Show to discuss the SECURE Act and its impact on retirees. The SECURE Act, or Setting Every Community Up for Retirement Enhancement Act, was signe

Will This New Law Change Your Retirement? - Schedule Your FREE Retirement Assessment Today Make retirement planning Easier Subscribe Now: Download Our Retirement Toolkit: On this episode of the Retire Once Show, Johnathan and Melissa discuss the new Secure Act 2.0. This law has over 100 different retirement provisions. There are so many changes that this law impacts and on this episode, we cover the top changes that are coming with the new Secure Act 2.0. With everything from new ages for RMD (required minimum distributions) to an increase coming to catch-up contributions, there are so many things to unpack in this 4100 page law. If you have questions or comments for the show email us Retire@theoremwm.com or head to www.Retireonceshow.com - Johnathan Rankin CRPC® CEPA®, Founder & CEO - Melissa Rankin - Wealth Management Advisor - Theorem Wealth Management 🎁 [ULTIMATE RETIREMENT TOOL KIT] 👍 [SCHEDULE A CONVERSATION] 😁 [REACH OUT ON FACEBOOK] ➡️ [CONNECT