IRA planner Phoenix Arizona

Common IRA Planning Mistakes

1. Not taking advantage of the Stretch distribution option or not establishing it properly The Stretch IRA is a way for each IRA beneficiary to maximize the payout period over his or her entire life expectancy. Properly designating beneficiaries and informing them of the IRA owner’s “Stretch” intentions are key to making this strategy work. 2. Not naming or updating …

Time to Brush Up on Your IRA Facts

If you are opening an (Individual Retirement Account) IRA for the first time or need a refresher course on the specifics of IRA ownership, here are some facts for your consideration. IRA’s in America IRAs continue to play an increasingly prominent role in the retirement saving strategies of Americans. According to the Investment Company Institute (ICI), the U.S. retirement market …

Who Said You Couldn’t Take it With You?

  If you are thinking about changing jobs, are you aware what your choices are for managing the money in your current employer’s retirement plan? Although many people have chosen to take a cash distribution, there are several options that may benefit you more. Uncle Sam Loves Cash Distributions Taking a lump-sum cash distribution may cause an immediate 20% federal …