Month: November 2021

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64. The IRA of the Next Generation

64. The IRA of the Next Generation

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The next generation will eventually inherit your IRA. How you prepare your accounts and beneficiaries today will impact the inheritance they will receive.

In this episode, Royal Standley discusses the changes to IRA inheritance. He recounts how the SECURE Act changed IRA inheritance depending on the beneficiary’s age and relation to the deceased. Royal discusses how the IRA will be taxed after you are gone and the differences between a single beneficiary and a charity foundation being named beneficiary.

Royal discusses:

  • Why the government changed IRA inheritance
  • How your relationship to the deceased impacts your inheritance
  • What you will be taxed depending on when you withdraw the inheritance
  • The benefits of naming a charity as the beneficiary

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63. Preparing For The New Year of Unknowns

63. Preparing For The New Year of Unknowns

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Looking back over the past year, we have faced several challenges — from COVID to politics to the investment market — and we need to prepare for how these could impact us in the new year.

In this episode, Royal Standley discusses what happened this past year and looks to the future. He recounts the impact of COVID on individuals and business, how politics influences society and the increase in costs. Royal reveals expectations for the future and the expectations for market returns.

Royal discusses:

  • How COVID impacted the past year
  • The influence of politics
  • How supply chain issues affect prices
  • The importance of discussing your financial plan with your advisor
  • And more!

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Advisory Services offered through Oregon Pacific Financial Advisors, Inc. Securities offered through United Planners Financial Services of America, Member FINRA / SIPC. Oregon Pacific Financial Advisors, Inc., and United Planners Financial Services are independent companies.