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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
James
Lange is a tax attorney and CPA who provides specialized retirement and estate
planning services to same sex couples with significant retirement plan accumulations. He
has prepared over 450 simple and complex retirement and estate plans. These plans
include tax-savvy advice, will and trust preparation, and sophisticated beneficiary
designations for IRAs and other retirement plans.
You can contact Jim by phone at (800) 387-1129,
or (412) 521-2732, or by e-mail at admin@outestateplanning.com.
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