Thursday, June 30, 2011

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

IRA Beneficiary Planning Strategies

Posted: 30 Jun 2011 01:40 AM PDT

Here is an estate-planning technique which allows you to decrease the tax sting to your heirs, and that reduces your retirement income in case you do not think you will need all your Individual Retirement Account funds in retirement. It is called a “stretch IRA,” or “Multi-generational IRA,” a complex investment tools which allow you to extend the tax-deferred status of your IRA long after your death.

  By naming your kids and grandchildren as the beneficiaries of your retirement assets, you allow them to extend the annual distributions of that IRA over the course of their lifetimes.

   Structuring the stretch

You will find 4 primary approaches to structuring a stretch IRA; the traditional, spousal-rollover, participant-direct and the mixed, or combination, approach. 
  In the traditional set-up, your spouse is the main beneficiary and your children or grandchildren are the contingent beneficiaries, nevertheless distributions and income tax deferral are extended only through the life expectancy of the oldest beneficiary. By utilizing the Spousal Rollover Approach rather, your spouse remains the primary heir and children or grandchildren become the beneficiaries with their own IRAs. This strategy allows the distributions and income tax deferrals to extend through-out the lifetime of the beneficiaries you name. That, in turn, provides significantly more tax deferral and a lot longer opportunity for that IRA investment to grow.

  If neither you nor your spouse need to dip into the IRA during your lifetime, you can also consider structuring your multi-generational IRA utilizing the Participant Direct approach, which could provide the greatest tax benefit of all.

  Using this strategy, you will be asked to break up your retirement assets into a number of different IRAs like the spousal rollover-except that your children and grandchildren, not your spouse, are listed as the primary beneficiaries, so you can lower the amount of the minimum distributions you are forced to take out as soon as you hit age 70-1/2, and leave more money behind for your heirs.

  Lastly, there is the Mixed approach. A combination of strategies from the stretch IRA, it is structured as a spousal rollover with the remainder under the participant direct category. You might want to give this strategy a closer look if the surviving spouse does not need the IRA assets, however reigns whilst he or she is still alive. Consult a qualified financial planner experienced in Stretch IRAs for more specifics on these plans and which approach is correct for you and your family.

You can freely reprint this article as long as the author, bio, and live links are left intact.

Advance Spanish for FHA Loan Originators

Posted: 29 Jun 2011 02:21 PM PDT

www.raysuarezacademy.com – Temas: Mortgage, Mortgagor, Mortgagee, Lien Theory, FHA Loans, TOR, HER, VA, Note Holder, Lender, Borrower, Voluntary Lien. Clases en Espanol y Ingles. Mortgage Broker & Loan Originator. NMLS Exam Cram Prep in Spanish. Mortgage Loan Originator (SAFE MLO) Test Prep for the National Component. Free online video.

What is the best liability insurance for personal trainers?

Posted: 29 Jun 2011 12:13 PM PDT

I am in the market for excellent liability insurance as a cpt. I am not necessarily looking for the cheapest but the most sufficient available. Thanks in advance.

Posted by Blogku at 7:04 AM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)