(972) 417-2855 Get Whiteboard Animated Videos like this one for your business here: What is a “Stretch IRA” and why should you consider it? The term "stretch IRA" has become a popular way to refer to an IRA, either traditional or Roth, with provisions that make it easier to "stretch out" the time that funds can stay in your IRA after your death, even over several generations. Earnings in an IRA grow tax deferred. Over time, this tax-deferred growth can help you accumulate significant retirement funds. If you're able to support yourself in retirement without the need to tap into your IRA, you may want to continue this tax-deferred growth for as long as possible. In fact, you may want your heirs to benefit--to the greatest extent possible--from this tax-deferred growth as well. But funds can't stay in your IRA forever. Required minimum distribution rules will apply after your death. For traditional IRAs, minimum distributions are also required during your lifetime after you reach age 70½ The Required minimum distribution rules let your beneficiary take distributions from an inherited IRA over a fixed period of time, based on your beneficiary's life expectancy. For example, if your beneficiary is age 20 in the year following your death, he or she can take payments over 63 additional years. We'd love to help you determine if this strategy is right for you. Contact us today....(read more)
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