what is a stretch IRA and how does the inherited IRA work? Did you know a beneficiary IRA is the same as a multi generational IRA? Stretch IRAs and Stretch IRA rules.... ( read more )
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A stretch IRA is a tax-advantaged retirement savings account that allows an individual to pass on their assets to their beneficiaries. This form of IRA is designed to extend the life of a retirement account by allowing the beneficiaries to "stretch" the distributions over their lifetime, enabling tax-deferred growth for years to come. When it comes to managing a stretch IRA, it is crucial to seek advice from an advisor who understands the nuances of these accounts. There are a variety of advisors that can assist individuals with stretch IRA management. However, two critical types of advisors include financial advisor
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