Wealth Concepts Group LLC will be holding free online webinars called “Avoiding IRA Mistakes and Tax Traps” on January 30 or 31, 6:30 PM CST. This webinar will help you avoid mistakes that could cost you tens of thousands of dollars over your lifetime.
A few of the numerous topics covered include:
Too Much Risk in Your IRA – The 120-year history of the stock market shows that it crashes an average of 47% every 11 years, and these crashes can put your retirement at risk. 2022 was down 18%, and we don’t know how long the crash will last nor how much more we will lose until it’s too late. It is important to not only have enough money to retire, but you also need to ensure that you can afford to stay retired. The good news is the webinar will show you how to protect your accounts from stock market crashes and receive competitive earnings. You can participate in the upside of the market without losses. Additionally, you can create a lifetime income stream for both spouses that you can never outlive.
Required Minimum Distributions Mistakes – Missing a required minimum distribution is the number one IRA mistake investors make, and it is a costly mistake. If you miss the RMD, in addition to the tax you still need to pay, you will be fined 25% of the RMD. The webinar will cover RMD rules to help ensure you know when to take your RMDs.
Costly Rollover Errors – There are multiple ways to process a rollover from your IRA. If done wrong, you could end up having to pay tax on your entire rollover amount. The webinar will cover the various methods, talk about the pitfalls and show you the best rollover method.
D. Scott Kenik will be leading the presentation and says this webinar is a chance for people to hear from industry leaders on the best practices for Avoiding Mistakes in Your IRA and avoiding overpaying taxes and penalties.
Participants will be encouraged to ask questions live and get information not readily available through other channels.
Kenik is a member of the Association of Financial Consultants and the American Network of Financial Education. He is also the Principal and Founder of Wealth Concepts Group, LLC.
People interested in the Avoiding Mistakes in Their IRAs and Other Tax Traps free webinar can register online at https://www.freeirawebinars.com/.
D. Scott Kenik and Wealth Concepts Group LLC is known for creating No-Stress Retirement Plans with guaranteed lifetime income.
Wealth Concepts Group LLC
700 Milam St.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Michigan News journalist was involved in the writing and production of this article.