NEW Rules For Inherited IRAs: 7 Steps To Follow

🟢Free Inherited IRA Flowchart (UPDATED FOR 2025): https://www.sparkwealthadvisors.com/i... 🟢Schedule a meeting with Jake: https://www.sparkwealthadvisors.com/c... IRS Source (Updated 08/2024): https://www.irs.gov/retirement-plans/... IRS Life Expectancy Tables: https://www.irs.gov/retirement-plans/... In our recent video on SECURE ACT 2.0 Changes coming in 2025, we had several comments asking about the inherited IRA topics. The rules around these accounts are ever-changing and extremely complex. In this video, Jake breaks down 7 steps to follow to clear up what you CAN do and what you MUST do with an inherited IRA post-SECURE 2.0. As always, consult with your tax advisor or financial planner before acting on any information in this video. #inheritedIRA #secureact #retirementplanning #RMD POPULAR VIDEOS: 5 Changes Coming To Your 401(k)s & IRAs in 2025    • 5 Changes to 401(k)s & IRAs in 2025   I’m 60 And Want to Retire ASAP. Is $1million Enough?    • I’m 60 And Want to Retire ASAP. Is $1milli...   The BIGGEST Risk in Retirement... And How To Minimize It:    • The BIGGEST Risk in Retirement... And How ...   Average 401(k) Balance By Age: 2024 Data:    • Average 401(k) Balance By Age: 2024 Data   Retiring Early Using The Rule of 55:    • Retiring Early Using The Rule of 55   🕰️TIMELINE🕰️ 0:00 Intro 0:33 Assumptions 0:59 Step 1 1:20 Step 2 (Beneficiaries) 2:23 Step 3 (10yr Rule) 3:25 Step 4 (RBD) 5:15 Step 5 (RMDs) 6:45 Step 6 (Transfer Options) 8:16 Step 7 (Designate Beneficiaries) 8:37 Recap -------------------------------- ⚠️DISCLAIMERS⚠️ This content is educational and not tax, legal, or investment advice Investing risks include loss of principal and fluctuating value. There is no guarantee an investment strategy will be successful. Past performance is no guarantee of future results. -------------------------------- ABOUT US: Spark Wealth Advisors is a registered investment advisor in the state of Florida. We are fee-only, independent, and fiduciaries at all times. We are a gay-owned financial planning and investment management firm located in Jacksonville, FL serving clients nationwide. Not all of our clients identify as LGBTQ+ but they are allies, a non-negotiable for working with us. We look forward to meeting you soon! https://www.sparkwealthadvisors.com/a...