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.
The Risk of Roth IRA Recharacterizations & The Death of the Stretch IRA
The IRS’s point of view on whether or not it is legal to recharacterize your Roth IRA conversion and the best way to recharacterize your Roth IRA conversion.
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/.
Roth IRA Recharacterizations and The Death of the Stretch IRA
James Lange discusses the question, are Roth IRA Conversions legal and how you can change your mind after making a Roth IRA conversion.
Part II: How Roth IRA Conversions Can Help Protect You Against the Death of the Stretch IRA
James Lange discusses how your other income sources, now and in the future, affect how much you should consider converting and how Roth IRA conversions can help protect your retirement savings against the Death of the Stretch IRA.
How Roth IRA Conversions Can Help Protect You Against the Death of the Stretch IRA
How to maximize the benefits of your Roth IRA conversion by implementing them at the most advantageous times.
The Best Time for Roth IRA Conversions: Before or After the Death of the Stretch IRA
James Lange discusses his own Roth IRA conversion story, how he views his Roth IRA conversion, twenty years later and how he thinks his Roth IRA conversion will benefit his own family.
Do Roth IRA Conversions Make the Rich Even Richer?
Why two people who have the same income can end up with significantly different amounts of retirement savings and how you can take advantage of the same techniques used by the very wealthy to create a financial dynasty for your own family.
How Roth IRA Conversions Can Benefit You Even If the Death of the Stretch IRA Doesn’t Pass
How changes in the tax laws can affect the benefit of Roth IRA conversions, tips about using online Roth IRA conversion calculators and how Roth IRA conversions can benefit you at any age.
The Roth IRA Conversion Breakeven Point & the Death of the Stretch IRA
The secret to understanding Roth IRA conversions, the breakeven point for Roth IRA conversions and how Roth IRA conversions can benefit you at any age.
Roth IRA Conversions and the Death of the Stretch IRA
The most important financial fact that can affect your retirement, the basics of Roth IRA Conversions and how Roth IRA conversions can benefit you during your retirement and your heirs.
Should Your Health Affect Your Social Security Decisions?
How the death of one spouse will affect the income that the household receives from Social Security and when concerns about your health and mortality should affect your Social Security decisions.
Social Security After Divorce: Don’t Overlook the Possibilities Just Because You Hate Your Ex
Options divorced individuals might have to collect Social Security spousal benefits based on a former spouse’s earnings record, what Social Security benefits you might be entitled to if your former spouse dies and why you should not be afraid to file for Social Security benefits based on a former spouse’s record.
Part II: The Best Age to Apply for Social Security Benefits after the Death of the Stretch IRA
At what age you can apply for Social Security without receiving a reduction in benefits, how much your benefits will be reduced if you apply earlier and where to get the best Social Security advice.
The Best Age to Apply for Social Security Benefits after the Death of the Stretch IRA
The best age to apply for Social Security benefits, how the breakeven point should affect your decision and where to get the best Social Security advice.
Social Security Planning, Roth IRA Conversions & the Death of the Stretch IRA
The changes to the Social Security rules that occurred in 2016, how the changes in the rules could affect you, how Roth IRA conversions can be integrated with Social Security planning and why the Death of the Stretch IRA makes planning retirement income sources so important.
President Trump’s Tax Reform Proposal and How it Might Affect You
The details about President Trump’s proposed tax reform, how the proposed tax reform could affect you and how the proposal could affect your heirs by causing Death of the Stretch IRA.
How Flexible Estate Planning Can be a Solution for Death of the Stretch IRA
How part of your IRA could be exempted from the Death of the Stretch IRA, how the beneficiary designations you choose may cause your children to pay more tax than necessary and how building flexibility in to your estate plan can allow your children to shelter the maximum possible from the Death of the Stretch IRA.
Using Lange’s Cascading Beneficiary Program as a Possible Solution for Death of the Stretch IRA
How disclaimers work, how disclaimers can protect your surviving spouse, how Lange’s Cascading Beneficiary Plan can add flexibility to your estate plan and can benefit your heirs if the Death of the Stretch IRA legislation passes.
Using Roth Conversions as a Possible Solution for Death of the Stretch IRA
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.
Using Gifting as a Solution for Death of the Stretch IRA
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
The proposed exemption amount that applies to the Death of the Stretch IRA and how it will affect all of your retirement accounts.
Why is the Death of the Stretch IRA Legislation Likely to Pass?
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?
The financial impact of the Death of the Stretch IRA legislation and 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?
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. James Lange 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
The current Minimum Distribution rules and how your beneficiaries can use them to their advantage to stretch your IRA over their lifetimes. James Lange 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
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.
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
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