Monthly Archives March 2023

Inherited IRA Rules (Ep. 56)

Inherited IRA Rules (Ep. 56)

March 22, 2023 | Comments Off on Inherited IRA Rules (Ep. 56)

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: Resources: Connect With Barry Watts:
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New IRA & 401K Rules for 2023 (Ep. 55)

New IRA & 401K Rules for 2023 (Ep. 55)

March 8, 2023 | Comments Off on New IRA & 401K Rules for 2023 (Ep. 55)

When it comes to taxes, some legislations can feel incredibly complex to the average American, such as the recently passed SECURE Act 2.0 — which was 4,000 pages long! But don’t worry. In this episode, J. Barry Watts highlights the key changes in this new legislation and breaks down how they affect people who have IRA accounts, 401(k)s, or other types of qualified retirement plans. Barry discusses: Connect With Barry Watts:
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