Shownotes
In this Episode of the Secure Your Retirement Podcast, Radon and Murs have Denise Appleby to discuss how the Secure Act 2.0 can affect your retirement plan. Denise is the CEO of Appleby Retirement Consulting Inc., a firm that provides IRA tools and resources for financial and tax professionals.
She explains the good provisions of the Secure Act 2.0 that benefit domestically abused spouses, terminally ill patients, the 529 beneficiaries, and so much more. Listen in to learn why you should talk to a financial advisor to help you do IRA transfers instead of jumping into a rollover without any guidance.
In this episode, find out:
- The confusion the age change of taking Required Minimum Distributions (RMDs) is creating.
- Understanding the meaning of a rollover as part of RMDs and how it works.
- Denise explains the good provisions of the Secure Act 2.0.
- The 529 plan and the stipulations they put in place to govern it’s rolling over into a Roth IRA.
- How to avoid making an IRA rollover mistake by talking to an experienced financial advisor.
- Understanding an IRA rollover and why you have to be careful how you move your money.
- Why you should do a trustee-to-trustee IRA transfer instead of a rollover.
- Denise’s retirement dictionary, where she breaks down retirement language into simple English.
Tweetable Quotes:
- “Don’t believe everything you read online; talk to a financial advisor and interview them just as you would your physician.”- Denise Appleby
- “You really want to do a trustee-to-trustee IRA transfer and never a rollover.”- Denise Appleby
Get in Touch with Denise:
Resources:
If you are in or nearing retirement and you want to gain clarity on what questions you should be asking, learn what the biggest retirement myths are, and identify what you can do to achieve peace of mind for your retirement, get started today by requesting our complimentary video course, Four Steps to Secure Your Retirement!
To access the course, simply visit POMWealth.net/podcast.
