Options to Stretch Out IRA Distributions
The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
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The SECURE Act killed the stretch IRA but instead of mourning, advisors can help clients make up the loss.
There have been several law changes that affect IRAs passed since December 2019.
Most consumers are familiar with the beneficiary designation form they complete when opening an IRA or 401(k). The form designates who receives the asset if the account owner dies. However, these forms can create confusion, unintended bequests, and family turmoil if not adequately monitored.
This time of the year is a great time to revisit your estate plan so you can ensure your legacy is protected for years to come.
These changes are so significant that plan holders should review their wishes and how their estate plans may be affected.
What is the size of the average retirement nest egg? It depends on what you mean by ‘average.’
Are you inheriting money from a relative? Or receiving funds from a lawsuit? Or planning to be a lucky lottery winner?
Your estate plan isn’t finished just because your attorney has drawn up a will. Proper asset titling is the next step.
Let’s take one couple, Tom and Louise, who have been married to each other for over 50 years and live in the same home they bought when they first got married.
Preparing a will is one of the most important steps a parent can take to protect their family.