You Inherited a Roth IRA – Now What? | Retirement Today Ep. 6 скачать в хорошем качестве

You Inherited a Roth IRA – Now What? | Retirement Today Ep. 6

In this episode of Retirement Today, Jenna Cairns, owner and financial advisor at Beacon Wealth Advisory, is joined by co-host Jaclyn Gladhill to unpack the often-confusing rules surrounding inherited Roth IRAs. Whether you’re a spouse, sibling, or friend inheriting a Roth, this episode explains your options under the Secure Act, tax implications, exceptions to the 10-year rule, and how trusts play into estate planning. Jenna also highlights the importance of proactive financial planning and beneficiary designation to avoid probate and penalties. For those looking to preserve wealth and leave a tax-free legacy, this is a must-listen. To schedule a no-cost, no-obligation consultation with Jenna, visit www.beaconwealthadvisory.com or call 800-994-8993. Timestamps: 00:02 - Welcome to Retirement Today with Jenna Cairns 00:30 - Introduction to inherited Roth IRAs and Secure Act changes 00:53 - Casual chat between Jenna and Jacqueline 02:05 - Jenna's upcoming trip to Canada 03:22 - What is an inherited Roth IRA? 04:16 - Tax benefits of Roth IRA vs. traditional IRA 05:15 - Popularity of inherited Roth IRAs and key differences 05:50 - Rules for spousal beneficiaries after 2020 06:38 - Avoiding IRS penalties under age 59½ 07:42 - Non-spousal beneficiary rules and tax-free withdrawals 08:35 - Five-year rule for Roth IRAs 09:19 - Exceptions to the 10-year rule 10:41 - Inheriting a Roth IRA through a trust 13:03 - Why a trust cannot own a Roth IRA 13:34 - Consequences of not listing a beneficiary 14:11 - Understanding the probate process 15:24 - IRS liquidation rules for estate-held Roth IRAs 15:48 - Roth IRA vs. traditional IRA summary 16:46 - Proactive Roth conversions for legacy planning 17:39 - Tax planning considerations and working with advisors 18:04 - Secure Act summary and IRS penalty risks 18:54 - Final summary and benefits of Roth IRAs 19:57 - When and why to start a Roth IRA 20:22 - How to contact Beacon Wealth Advisory Need help preparing for retirement? Schedule a no-obligation consultation today. Call us at 📞 1-800-994-8993 or visit our website at 🌐 www.beaconwealthadvisory.com to get started. #RetirementToday #BeaconWealthAdvisory #401kRollover #RetirementPlanning #WealthManagement #TaxStrategies #InvestmentTips #FinancialFreedom #retirement #retirementplanning #SocialSecurity #SocialSecurityBenefits #ira #rothira #taxfree #taxplanning #estateplanning #holisticfinancialstrategy #TaxPlanning #RothConversion #medicare #kansas #overlandpark