REDUCE taxes on BIG withdrawal from INHERITED IRA скачать в хорошем качестве

REDUCE taxes on BIG withdrawal from INHERITED IRA

In this video, I demonstrate a simple approach for limiting the tax hit if you're taking a large withdrawal from an inherited IRA. Most inherited IRAs are comprised of pre-tax money. When you take a withdrawal, you also have to pay taxes. This may not be an issue if the IRA is relatively small. But what if the retirement account is $100k, $200k or $500k+? A simple strategy for limiting the tax hit is spreading the tax hit out over multiple tax years. If timed correctly, a sizeable amount of money can be withdrawn within 13 months while spreading the tax liability across three tax years. This can result in major tax savings. 👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a complimentary planning session. Thanks for watching! 😀 Ted Erhart, CFP® Financial Planner Anoka, Minnesota www.norrislakeretirement.com   / ted-erhart-cfp%c2%ae-4969939   https://www.facebook.com/profile.php?... Disclaimer: Since we don’t know your specific situation, none of this information should be construed as tax, legal, financial, insurance, financial advice, or other advice and may be outdated or inaccurate. It is your responsibility to verify all information yourself. This content is prepared for entertainment purposes only. If you need advice, please contact a qualified CPA, attorney, insurance agent, financial advisor, or the appropriate professional for the subject you would like help with. Ted Erhart cannot be held liable for any use or misuse of this content.