The Stretch IRA

 

Stretch IRA - Inherited IRA - New IRA Rules

 

 

Death of the Stretch IRA – Upcoming New IRA Rules for the Inherited IRA

The laws governing IRAs will likely change in 2017. For many years, inherited IRAs could be stretched over the lifetimes of the beneficiaries, allowing them to take only minimum distributions while leaving most of the money to keep growing income-tax deferred. Unfortunately, a recent and unanimous vote by the Senate Finance Committee may well have pounded the final nails into the coffin of this valuable estate planning tool.  If the Committee’s proposal is accepted by Congress with no changes, your beneficiaries may be required to liquidate the lion’s share of their inherited IRAs (both Traditional and Roth) within five years.  The acceleration of the income taxes due on Traditional IRAs may very well make the difference between your heirs being comfortable in their own retirement, and being broke.

This online resource provides a review of the current law, the proposed changes to the law, and strategies that you can use now to help protect your heirs from this devastating legislation.

 

Stretch IRA – Radio Show Podcasts / Transcripts

It’s Looming… How to Prepare for the Death of the Stretch IRA – Part I
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It’s Looming… How to Prepare for the Death of the Stretch IRA – Part II
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Supporting the Four Corners of Your Financial House; and Dealing with the Death of the Stretch IRA with P.J. DiNuzzo
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Preparing for the Death of the Stretch IRA with James Lange, CPA / Attorney
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Ed Slott, CPA, on the End of the Stretch IRA
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Articles, Books and Blog Posts

Book – The Ultimate Retirement and Estate Plan for Your Million-Dollar IRA:
Including How to Protect Your Nest Egg from the Pending “Death of the Stretch IRA” Legislation

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Addendum- The Ultimate Retirement and Estate Plan for Your Million-Dollar IRA:
Including How to Protect Your Nest Egg from the Pending “Death of the Stretch IRA” Legislation

PDF Article


Videos

Using Roth Conversions as a Possible Solution for Death of the Stretch IRA

Best-selling author James Lange discusses how Roth IRA conversions work, how the concept of purchasing power must be taken into consideration before converting and examples of how Roth IRA conversions can benefit your children and grandchildren.

Are you interested in learning more about the Death of the Stretch IRA legislation? You can watch Jim’s entire 1-hour webinar for free at: http://www.stretchirawebinar.com/.


Using Gifting as a Solution for Death of the Stretch IRA

Best-selling author James Lange discusses how gifting can be used as an estate planning tool, how life insurance can be used as a possible solution to the Death of the Stretch IRA, different types of gifts, and the tax advantages behind each.


The Exclusions for the Death of the Stretch IRA

Best-selling author James Lange discusses the proposed exemption amount that applies to the Death of the Stretch IRA, and shows how it will affect all of your retirement accounts.


Why is the Death of the Stretch IRA Legislation Likely to Pass?

Best-selling author James Lange discusses the reasons he believes that Congress will pass the legislation that causes the Death of the Stretch IRA.


How the Fiduciary Rule Affects You

Do you think we need a law in place to require financial advisors to act in the best interest of their clients? In this short video, best-selling author James Lange explains why he is in favor of the new fiduciary rule, which may be struck down as part of President Trump’s proposed tax plan.


What Should You Do Now About the Death of the Stretch IRA?

James Lange discusses the financial impact of the Death of the Stretch IRA legislation and offers some advice as to what you can do now to protect your family. These tips include ideas for optimizing your Social Security benefits, strategies for spending your savings, and ways to reduce your investment costs while also protecting your principal. All of the recommendations discussed can benefit your heirs, whether or not the legislation passes.


Can a Charitable Remainder Unitrust Protect Your Heirs From the New IRA Tax Rules?

James Lange explains how a Charitable Remainder Unitrust (CRUT) works and, under certain circumstances, can protect beneficiaries from the new tax rules proposed by the Death of the Stretch IRA legislation. Jim shows how the income from a trust might help your beneficiaries to continue to stretch and defer income taxes on your IRA in spite of the new rules, but cautions that a CRUT should not become a part of your estate plan until the details of the legislation are finalized.


The Nitty Gritty Details of the Stretch IRA

In this short video, best-selling author James Lange discusses the current Minimum Distribution rules, and how your beneficiaries can use them to their advantage to stretch your IRA over their lifetimes. He helps viewers to understand the importance of deferring income taxes for as long as possible by showing you the math behind his claims and explains just how much the Death of the Stretch IRA legislation will cost your heirs.


Exceptions to the Death of the Stretch IRA

In this short video, best-selling author James Lange discusses the exceptions to the Death of the Stretch IRA legislation. He explains in detail how the new law will affect your surviving spouse, siblings, children and grandchildren. He also discusses the amount that your beneficiaries might be able to exclude from the harsh new taxes that they will owe as a result of the Death of the Stretch IRA legislation.


What is The Death of the Stretch IRA?

What is a stretch IRA? This video will explain how your beneficiaries can, under current law, stretch your IRA and minimize the income taxes due. The ability to stretch your IRA can make a difference of millions of dollars to your child over his or her lifetime. The Death of the Stretch IRA refers to proposed legislation that will force your beneficiaries to pay all of the taxes due on your IRA within five years. The likelihood of this legislation passing is very good. Best-selling author James Lange urges you to watch this short video to learn more about this proposed law, because, for most Americans, the key to planning will be to avoid income taxes rather than estate taxes.