Timothy Sumer

An LLC is very beneficial for Self-Directed IRA investments since it gives you added protection, privacy and control. However, an LLC is not needed to make investments, and there is an added cost for maintaining one. -- Learn more about the Self-Directed IRA: -- Discover more videos by IRA Financial: Subscribe to our channel: -- About IRA Financial: IRA Financial 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 about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal services. No attorney-clien

The IRS is always watching! Whether you are investing with personal funds, or via a retirement account , such as a Self-Directed IRA, you must be aware of all the rules which may affect your taxes. On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the most important tax rules when using a Self-Directed IRA to accumulate wealth for retirement. Join us LIVE on Wednesday, January 25th at 12PM EST! -- 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 about the benefits of self-directed retirement plan solutions. IRA Financial is a retirement account facilitator, document filing, and do-it yours

In this episode of Adam Live, Adam Bergman, Esq., founder of IRA Financial, talks about the Build Back Better Act, which was passed by the House on Friday, has provisions related to retirement plans, specifically, IRAs. Adam will discuss strategies involving the Roth and whether or not you should consider a Roth conversion. Learn more about Roth conversions: 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 about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not

This video reviews some common opportunities to make a conversion from a before tax retirement account to a Roth IRA. Video mentioned: What is the Difference between a Traditional IRA and a Roth IRA? Disclosure: Trillium Square Advisors LLC is a registered investment adviser offering advisory services in the state of North Carolina and in other jurisdictions where exempted. Registration as an investment adviser does not imply a certain level of skill or training, and the content of this communication has not been approved or verified by the United States Security and Exchange Commission or by any state securities authority. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments or investment strategies. Market data, articles and other content in this presentation are based on generally available information and are believed to be reliable. Trillium

On March 21, 2023, the Treasury Department and the IRS issued Notice 2023-27 which announces that they are soliciting feedback for upcoming guidance regarding the tax treatment of a nonfungible token (NFT) as a collectible under the tax law. The Notice states that the IRS intends to issue guidance that treats certain NFTs as collectibles for purposes of IRC Section 408(m). It outlines the approach the IRS is considering and asks for comments by June 19, 2023. For retirement account investors, the determination of whether an NFT is crucial as to whether the asset can be purchased by a retirement account . On this episode of Adam Live, IRA Financial founder, Adam Bergman, Esq. will discuss the new Notice, explain what NFTs are, and walk you through the new “look-through analysis" that may help determine whether an NFT is a collectible, and thus, a prohibited investment with your retirement account . Join us LIVE on Monday, March 27th at 12:45PM EDT! -- Read more abou

FEDLIFE Podcast (Ep. 100): Understanding the New RMD Rules for Inherited IRAs: Your Essential Guide — Part II Summary: In the first part of this two-parter miniseries, Ed Zurndorfer and Dan Sipe covered the intricacies and rules of non-spousal IRA inheritors while exploring all things IRA inheritance, its tax implications, and crucial considerations for beneficiaries. This week, Ed and Dan explore the annual RMD requirements for inherited Roth IRAs. They unravel the complexities of the new RMD rules and detail how these changes impact non-spousal beneficiaries of inherited IRAs. Ed and Dan discuss: • The key differences between RMDs for non-Eligible Designated Beneficiaries (NEDBs) of traditional and Roth IRAs • How Eligible Designated Beneficiaries (EDBs) can leverage the lifetime "stretch" option for inherited Roth IRAs • Consequences of a beneficiary’s failure to take an annual RMD applicable to some beneficiaries subject to the 10-year rule • And more! Resou

Episode 12 - Traditional IRA vs Roth IRA My Blog: Connect with me here: ... ( 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 Traditional IRA vs Roth IRA: Understanding the Differences When it comes to planning for retirement, individual retirement accounts (IRAs) have become increasingly popular among Americans. Two common types of IRAs are the Traditional IRA and the Roth IRA. Both offer potential tax advantages and are designed to help individuals save for their golden years. However, understanding the differences between the two is crucial in making informed decisions about which type of IRA best suits one's financial goals. Firstly, let's explore the Traditional IRA. With a Traditional IRA, contributions can be tax-deductible, meaning one can reduce their taxable income by contributing to the account. This could poten

When Married Filing Separately Will Save You Taxes - Presented by TheStreet + TurboTax TurboTax Home: TurboTax Support: TurboTax Blog: TurboTax Twitter: TurboTax Facebook: TurboTax Instagram: TurboTax Pinterest: TurboTax Tumblr: ~~~Video Transcript Title: When Married Filing Separately Will Save You Taxes - Presented by TheStreet + TurboTax - [Announcer] TurboTax helps you navigate the 2020 tax season. - Sometimes filing separately will save a married couple on their taxes. Here to explain is Lisa Greene-Lewis, CPA and tax expert at TurboTax. Tell me, Lisa, I thought that married couples should file jointly, but maybe that's not always the case. - Generally, you should file jointly, 'cause you may see a lower tax rate and some bigger benefits like a bigger standard deduction, which if you're married filing jointly is $24,400, but there are some reasons that someone may wanna file separately. - What are some of the reasons that a mar

How to avoid the pro rata rule when doing the Backdoor Roth conversion. ///////////////////////////////////////////////// Get answers FASTER... Join this channel to get access to perks: Chat on discord: Join Link Support on Patreon: Get IRS FORM W4 TAX WITHHOLDING HELP HERE STARTING AT $39. bit.ly/3FJ6w8U ----------------------------------------------------- Are you ready for professional investment advice? We can help you with financial planning and asset management. Let us guide your investments to your financial freedom. START HERE Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetim

Generally, if you receive a distribution from an IRA or qualified retirement plan prior to reaching age 59 1/2, you pay a 10% penalty tax (in addition to the ordinary income tax) on the distribution. However, if you retire on or after reaching age 55, you may be able to receive penalty-free distributions from your employer's qualified retirement plan (such as an employer-sponsored 401(k), 403(a), or 403(b). In this presentation, we discuss the general requirements, exceptions, and reporting surrounding the rule of 55.... ( read more ) LEARN MORE ABOUT: Qualified Retirement Plans REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Tenth of an Hour: Episode 111 - Rule of 55: Early Distributions from Qualified Retirement Plans retirement planning is a critical aspect of every individual's financial journey. As we work towards ensuring a secure future, understanding the

RetireJapan TV is a monthly show about personal finance in Japan with news, deep dives on specific topics, interviews with guests, and as much Q&A as you can handle. ----- In today's show we will talk to our guest Dean Yoshimoto about taxes and US citizens in Japan. What do you need to know about taxes as a Japan resident? How can you decide if you need an accountant? And what if you are a US citizen? Daniel will be back in our next episode on July 24th along with our regular content. Stay tuned!... ( read more ) LEARN MORE ABOUT: IRA Accounts CONVERT IRA TO GOLD: Gold IRA Account CONVERT IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA RetireJapan TV S01E08: Taxes in Japan, US Citizens in Japan RetireJapan TV, an informational web series dedicated to helping retirees living in Japan, recently aired its eighth episode discussing the complexities of taxes in Japan, specifically for US citizens residing in the country. Hosted

IRS Notice 2022-53: What You Need to Know: In this finStream TV video, Denise Appleby from Appleby Retirement Consulting speaks with Robert Powell about IRS Notice 2022-53 and how it effects distributions for designated beneficiaries.... ( 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 IRS Notice 2022-53: What You Need to Know The Internal Revenue Service (IRS) has recently issued Notice 2022-53, which outlines important updates and changes taxpayers need to be aware of. This notice covers a range of topics, including new regulations, deadlines, and forms. Here is a breakdown of what you need to know about IRS Notice 2022-53. Extension of Filing and Payment Deadlines One of the key highlights of IRS Notice 2022-53 is the extension of certain filing and payment deadlines. The notice provides relief to taxpayers affected by recent natural disas

Generally, so long as the investments remain in the Self-Directed IRA, there are no taxes to file annually. The only time you need to worry about taxes is when you take a distribution or if your investment is subject to the UBTI tax, which Adam explains in this video. -- Discover more videos by IRA Financial: Subscribe to our channel: -- 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 about the benefits of self-directed retirement plan solutions. IRA Financial Group is a retirement account facilitator, document filing, and do-it yourself document service, not a law firm. IRA Financial Group does not provide legal service

In this week's Hidden Wealth Reviews, I share a new meaning for the acronym, IRA, "Influenced Retirement Attack!" This comes from an Article in Forbes, which discusses how even new born babies could get hit with taxes from an IRA as a result of new IRS "guidance." This guidance is more like an attack; an attack influenced by the administration's need to collect more tax by having the IRS simply change the rules. In 2019, the SECURE Act changed the rules about stretching IRAs. Stretch IRAs allowed those who inherited an IRA to extend the distribution of the funds (and the payment of taxes on those funds) across their lifetime. Post SECURE Act, you only have 10 years to liquidate a non-spouse inherited IRA. Many people are concerned about this. They believe that, if they leave money, they want to leave it to someone other than the IRS. Don't be fooled by the promise that those making less than $400,000 a year will not see a tax increase. The no