|
Introducing
The Family Stretch IRA
In January, 2001 the IRS issued new rules governing the distribution
phase of IRAs. One of the powerful planning features of the new
2001 rules is that IRA owners are now permitted to take smaller
Minimum Required Distributions (MRD). By postponing distributions
until Age 70½ , the Required Beginning Date (RBD), IRA
benefits can now be stretched over a longer period of time, reducing
current income taxes and increasing the long-term benefits to
family members. In other words, as the family grows, so does the
total value of the IRA.
A
Simple Concept, a Dramatic Result
The idea behind the Family Stretch IRA is simply this - the longer
you are able to "stretch" IRA distributions, the larger
|
the account
grows. Combine the power of compound interest with tax-deferred
growth.over multiple generations.using Guaranteed Principal vehicles.to
produce a Family Legacy. By stretching IRA distributions over
the lives of the owner, spouse, children and grandchildren, you
can maximize the power of tax-deferred earnings, creating a long-lasting
guaranteed stream of income for the family. The Family Stretch
IRA can turn a modest IRA into a substantial amount.
Maximizing
Tax Deferral:
Stretching IRA Distributions to
Children & Grandchildren
Perhaps the most exciting planning opportunity under the 2001
IRA rules is the ability to "stretch" IRA distributions
over the individual life expectancies of children and grandchildren.
Under the new rules, an IRA owner can establish a |
plan that
enables multiple generations to take advantage of tax-deferred
growth for Inherited IRA's. IRA benefits left to younger beneficiaries
can grow substantial amounts over time. This planning technique
allows you to create a "Family Legacy".
Click
here to request more info
|
