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IRAs and Qualified Plans:
Long-Term Planning Solutions
James Lange, JD, CPA
Spending Retirement Assets and
IRAs
Don't pay taxes now, pay taxes later.
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Quantify why it is usually better to
spend income and “after tax” assets before retirement “pre-tax”
(IRA) assets
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New minimum required distribution
rules and the uniform table at age 70 ½
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Quantify the benefits of “stretching
an IRA” both during and after the IRA owners life
Estate Planning –Stretch and Disclaim
Optimal planning for small and medium
sized IRA owners ($250,000-$2,000,000)
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Examine “stretching” the IRA for up to
three generations
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Best estate tax saving ideas
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Advantages and disadvantages of
different trusts as beneficiaries of IRAs
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Benefits of “disclaimer” planning
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The ideal beneficiary designation of
an IRA
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The Estate Planning Homerun—Provide
the ultimate flexibility for the surviving, spouse while
preserving the stretch (as cited by Jane Bryant Quinn, Kiplinger,
Financial Planning, etc)
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Sources for more information
The Ticking Income Tax Bomb
Specific Advice for Financial Planners
If time allows
Roth IRAs and Roth IRA conversions
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Objective peer reviewed analysis of a
Roth IRA contributions and conversions
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Who, when, and how much clients should
convert to Roth IRAs
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Quantify the advantage of a Roth IRA
to a beneficiary
Accumulating Retirement Assets
(Can
be included in the program for less advanced groups)
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The
long-term benefits/advantages of contributing to a retirement plan
quantified and contrasted with equivalent savings in the after tax
environment
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Increases in retirement plan and Roth
IRA contributions limits
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