The laws for Inherited IRAs and retirement plans are changing in a way that will devastate the IRAs, retirement plans, and even Roth IRAs of Retirees. This will impact Retirees or Near-Retirees who have significant IRA/401k accounts, Roth IRAs and any other type of Retirement Account.
This is MUST KNOW information for Retirees and Near-Retirees who have previously planned to live on their IRAs and Retirement accounts and for anyone who owns a Revocable Living Trust or is thinking of purchasing one.
The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, includes significant provisions and changes related to tax-advantaged retirement accounts. The parts of the SECURE Act that will most immediately impact average Americans are its new guidelines around inherited IRAs and around traditional IRA contributions.
The good news is there are steps you can take to reduce the potential damage to your retirement accounts under these changes.
You are invited to attend our next seminar “Will the Election Rattle Your Retirement?” on Tuesday, March 9th, 2021 at 2PM EST. During this seminar we will cover:
- How to Read a Trust (And Not Get Lost In The Legal Swamp)
- Trusts hit the HIGHEST tax bracket of 37% with just $13,050 in income upon your passing. Your children would have to earn $500,000 to be in the same bracket! If you didn’t know that, come find out why! Many changes regarding trusts due to SECURE Act!
- Trusts have Pour Over Wills, that can cause probate, and because of the SECURE ACT, can INCREASE taxes for your heirs and can cause INCREASED liability for YOU and your heirs.
- Hopefully you don’t own an IRA and a Living Trust?? We cover the IRS Publication that addresses the risks inherent with this flawed and over-used strategy by Advisors who are Un-informed and ill-informed.
- Do you have a 60-40 portfolio? Is it time to 86 (eliminate) it? What does the current Presidency mean for your portfolio strategies?
- The Devastating Consequences of owning a Revocable Living Trust* and the combination of a Trust and an IRA
Our Fiduciaries’ qualifications include a Certified Estate Planner, a Published Author and have been Nationally Interviewed on CNBC’s Squawk on the Street, Yahoo! Finance, Kiplinger’s and Fox Business Daily News, and appeared on Fox 35 “Money Watch” over 30 times. Our Company, Senior Financial Security, Inc., has served our clientele in The Villages community and surrounding areas over 29 years.
Let our 29 years of experience and location in The Villages community educate you!
