Hommel Wealth Management, Inc.

01/01/2026

Wishing all a Happy, healthy and prosperous New Year!!

11/27/2025

Wishing all a Happy Thanksgiving!

10/15/2025

Overview of Inherited Roth IRA Rules in 2025

Inherited Roth IRAs have specific rules that beneficiaries must follow, especially with changes implemented by the SECURE Act and its updates. Understanding these rules is crucial for effective tax planning and compliance.
Key Rules for Inherited Roth IRAs
Distribution Requirements

10-Year Rule: Most non-spouse beneficiaries must withdraw all funds from the inherited Roth IRA within 10 years of the account owner's death. This rule applies to accounts inherited after January 1, 2020.

Annual Required Minimum Distributions (RMDs): Starting in 2025, certain beneficiaries may be required to take annual RMDs if the original account owner had already begun taking distributions before their death. This applies to non-spouse beneficiaries who inherited accounts from owners who reached the RMD age.

Eligible Designated Beneficiaries

Certain individuals, known as eligible designated beneficiaries, have more flexible options:

Spouses: Can treat the inherited Roth IRA as their own or take distributions based on their life expectancy.

Minor Children: Can take distributions based on their life expectancy until they reach adulthood, after which the 10-year rule applies.

Disabled or Chronically Ill Individuals: May also have different distribution options.

Tax Implications

Tax-Free Withdrawals: Distributions from a Roth IRA are generally tax-free, provided the account was open for at least five years before the owner's death. However, beneficiaries must still adhere to the 10-year rule for withdrawals.

10/12/2025

New deduction: Effective for 2025 through 2028, individuals may deduct interest paid on a loan used to purchase a qualified vehicle, provided the vehicle is purchased for personal use and meets other eligibility criteria. (Lease payments do not qualify.)

Maximum annual deduction is $10,000.
Deduction phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers).

Qualified interest: To qualify for the deduction, the interest must be paid on a loan that is:

Originated after December 31, 2024
Used to purchase a vehicle originally used by the taxpayer (used vehicles do not qualify)
For a personal use vehicle (not for business or commercial use)
Secured by a lien on the vehicle

If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible for the deduction.

Qualified vehicle: A qualified vehicle is a car, minivan, van, SUV, pick-up truck or motorcycle, with a gross vehicle weight rating of less than 14,000 pounds, and that has undergone final assembly in the United States.

To determine if a vehicle had final assembly in the U.S., check one of these:

The information label attached to the vehicle on a dealer's premises
The vehicle identification number (VIN)
The National Highway Traffic Safety Administration (NHTSA) VIN Decoder

Taxpayer eligibility: Deduction is available for both itemizing and non-itemizing taxpayers. The taxpayer must include the vehicle identification number (VIN) of the vehicle on the tax return for any year when the deduction is claimed.

Reporting: Lenders or other recipients of qualified interest must file information returns with the IRS and furnish statements to taxpayers showing the total amount of interest received during the taxable year.

10/09/2025

09/09/2025

Here are 5 compelling reasons to work with a Registered Investment Advisor (RIA):

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1. Fiduciary Duty

RIAs are legally and ethically bound to act in your best interest at all times.
Unlike brokers, who may only need to recommend “suitable” investments, RIAs must prioritize your financial well-being above all else.

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2. Personalized Financial Advice

RIAs typically offer customized investment strategies tailored to your goals, risk tolerance, time horizon, and life situation.
This personalized approach can lead to better long-term outcomes than generic advice.

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3. Transparent Fee Structure

Most RIAs operate on a fee-only or fee-based model, which reduces conflicts of interest.
You’ll know exactly what you’re paying—usually a percentage of assets under management or a flat fee—making costs more transparent and predictable.

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4. Comprehensive Financial Planning

Many RIAs go beyond just managing investments—they often help with:
• Retirement planning
• Tax strategies
• Estate planning
• Education funding
This holistic approach provides a full picture of your financial health.

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5. Regulatory Oversight

RIAs are registered with the SEC or state regulators and are subject to regular compliance checks and disclosure requirements.
You can verify their background, credentials, and disciplinary history through adviserinfo.sec.gov.

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09/01/2025

Happy Labor Day!!! Hope you had a great summer and relaxing long weekend!

Please be sure to reach out if you need anything, have any questions or know of someone we can help!!

Hommel Wealth Management, Inc.
Phone 516-757-8618
1225 Franklin Ave., Ste 325
Garden City, NY 11530
[email protected]

12/24/2024

Have a Merry Christmas, Happy Hanukkah and Happy New Year!!

11/28/2024

Happy Thanksgiving!!

07/04/2024

Happy 4th of July!!
Be safe and Enjoy celebrating this great country!!

06/06/2024

Let's discuss how we can help you with your investments!! Personal, one on one, investment management and service!!
Call, text or email today!!

The Benefits of Working with a Registered Investment Advisor;
Personalized, Focused Financial Advice:
RIAs provide long-term investment advice for overall financial circumstances
RIAs typically charge a flat fee or a fee based on assets under managemen