IRA’s

You Asked, We Answered: Investing with Self-Directed IRAs

6th Jun, 2017

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You Asked, We Answered: Investing with Self-Directed IRAs

From: www.theentrustgroup.com

Q: Can I transfer real estate property held in a Solo 401(k) into my self-directed IRA?

A: If you have reached one of the distributable events in a 401(k) plan, you can directly rollover the proceeds into an IRA. Below are typical distributable events found under the IRS website:

Employee elective deferrals (and earnings, except in a hardship distribution) — the plan may permit…

Leaving a Legacy: Stretching Your IRA

6th Jun, 2017

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Leaving a Legacy: Stretching Your IRA

From: www.GAFRI.com

Stretching Your IRA: A simple way to make your money mean more to future generations

You’ve planned carefully for your retirement. And, the rewards for that wise planning can surface as IRA or annuity assets that you may not need. Taking only the Required Minimum Distribution (RMD) from your IRA, or owning a non-qualified annuity contract, may protect you from a sizeable tax liability and…

Here’s What Couples Need to Know About Spousal IRAs

1st Feb, 2017

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Here’s What Couples Need to Know About Spousal IRAs

From: www.theentrustgroup.com

With Valentine’s Day around the corner, couples everywhere are gearing up to impress their partners. Buckling down on finances may not be the first things that comes to mind, but maximizing savings for retirement can be a joint effort for married couples who are ready for that phase in their life. Even if one of the spouses is not working, there…

Which comes first: Social Security or IRA withdrawals?

6th Sep, 2016

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Which comes first: Social Security or IRA withdrawals?

From: financial-planning.com

It is a retirement dilemma.

When planning for retirement cash flow, should a client start Social Security as early as age 62, letting individual retirement account money continue to grow, tax-deferred? Or should that client tap the IRA and wait for a larger Social Security benefit?

A client who would receive $1,500 a month at 62 would collect $2,640 a month, plus any cost-of-living…

Can a Wrong IRA Beneficiary Designation be Corrected After Death?

15th Aug, 2016

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Can a Wrong IRA Beneficiary Designation be Corrected After Death?

From: ultimateestateplanner.com

In recent PLRs 201628004 through 201628006, the IRS considered the effect of a state court action that modified the named beneficiary after the death of the IRA owner. In the rulings, the decedent had originally named three trusts as beneficiaries of his IRAs. The trusts qualified as designated beneficiaries under the IRC Section 401(a)(9) Regulations. When his IRAs were moved…

Rules And Requirements For Doing A Qualified Charitable Distribution (QCD) From An IRA

15th Jun, 2016

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Rules And Requirements For Doing A Qualified Charitable Distribution (QCD) From An IRA

From: kitces.com

For nearly a decade, the rules allowing for a tax-free Qualified Charitable Distribution (QCD) directly from an IRA to a charity has been on-again, off-again, a part of the infamous Tax Extenders that would lapse and be reinstated every other year.

With the Protecting Americans from Tax Hikes (PATH) Act of 2015, though, the QCD rules have finally…

ASK THE EXPERT: Answers to Common Questions About IRA Trusts

15th Mar, 2016

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ASK THE EXPERT: Answers to Common Questions About IRA Trusts

From: ultimateestateplanner.com

By: The Ultimate Estate Planner

The IRA Inheritance Trust® (also known as a “Standalone Retirement Trust”, “IRA Beneficiary Trust” or just plain and simple “IRA Trust”) has now been around for over 10 years. The IRS approved this strategy in PLR200573044 and, even though, it’s been around for some time, it’s only now that so many estate planners are starting…

Preparing for the Death of the Stretch IRA

29th Feb, 2016

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Preparing for the Death of the Stretch IRA

From: wealthmanagement.com

What savvy financial professionals can do to protect their clients’ retirement savings.

The term “stretching” an individual retirement account refers to the practice of partially sustaining the tax-deferred status of an IRA when, after the death of the owner, the account is left to a non-spouse beneficiary (typically a child or grandchild or perhaps more than one). Stretching an IRA, or a qualified…

13 Countries With Better Retirement Systems Than U.S.

4th Nov, 2015

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13 Countries With Better Retirement Systems Than U.S.

From: thinkadvisor.com

The U.S. continues to decline in Mercer’s ranking of the world’s pension systems

The United States has continued its decline among countries’ retirement income systems ranked in the Melbourne Mercer Global Pension Index.

Mercer released the results of its 2015 index, which encompasses 25 countries with pension systems at varying stages of maturity – some systems are well established while others, particularly in the…

Extended IRA Quick Reference Guide

20th Jul, 2015

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Extended IRA Quick Reference Guide

From: wealthmanagement.com

Knowing the distribution options available to beneficiaries upon the death of the IRA account holder is the key to using the Extended IRA strategy.

What Is It?

Extended IRA is a concept not a product. It is a way for the beneficiaries of IRAs to ease the tax burden of taking required distributions from inherited IRAs and maximizing the deferral period for the money in that account….