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Kandungan disediakan oleh J. Barry Watts. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh J. Barry Watts atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
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Inherited IRA Rules (Ep. 56)

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Manage episode 358635162 series 2935354
Kandungan disediakan oleh J. Barry Watts. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh J. Barry Watts atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
After accumulating wealth for years, you want it to be inherited by the right beneficiaries when the time comes. (Instead of your ex-spouse from 10 years ago!) If you are the one inheriting the IRA, you want to minimize the tax liability on your inheritance. In this episode, J. Barry Watts explains the most tax-efficient way to handle inherited IRAs and setting up your IRA for optimal distribution to your loved ones. Barry discusses: The importance of updating your beneficiary designation forms (and maintaining a copy) Who should — and shouldn’t — be named as a beneficiary on your IRA How to set up primary, contingent, and tertiary beneficiaries to avoid probate Key tax implications and distribution requirements for an inherited IRA And more Resources: New IRA & 401K Rules for 2023 (Ep. 55) Connect With Barry Watts: Schedule an Introductory Call PriorityCare@WealthCareCorp.com 800-278-1755 WealthCareCORP.com LinkedIn: J Barry Watts LinkedIn: WealthCareCorporation Twitter:@jbarrywatts
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65 episod

Artwork
iconKongsi
 
Manage episode 358635162 series 2935354
Kandungan disediakan oleh J. Barry Watts. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh J. Barry Watts atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
After accumulating wealth for years, you want it to be inherited by the right beneficiaries when the time comes. (Instead of your ex-spouse from 10 years ago!) If you are the one inheriting the IRA, you want to minimize the tax liability on your inheritance. In this episode, J. Barry Watts explains the most tax-efficient way to handle inherited IRAs and setting up your IRA for optimal distribution to your loved ones. Barry discusses: The importance of updating your beneficiary designation forms (and maintaining a copy) Who should — and shouldn’t — be named as a beneficiary on your IRA How to set up primary, contingent, and tertiary beneficiaries to avoid probate Key tax implications and distribution requirements for an inherited IRA And more Resources: New IRA & 401K Rules for 2023 (Ep. 55) Connect With Barry Watts: Schedule an Introductory Call PriorityCare@WealthCareCorp.com 800-278-1755 WealthCareCORP.com LinkedIn: J Barry Watts LinkedIn: WealthCareCorporation Twitter:@jbarrywatts
  continue reading

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