IRA Legacy Planning
What will your legacy be?
IRA accounts have become one of the largest types of assets inherited by loved ones. If you don’t anticipate needing any or part of your IRA money in retirement, you may wish to consider a legacy planning strategy that potentially reduces taxes and increases the payout your beneficiaries will receive upon your death, tax-free.
This concept generally referred to as “IRA Maximization” is a concept we help clients achieve by transferring a taxable asset to one that is gifted to a spouse, child, or grandchild as “Tax-Free”. To accomplish this goal 2 products are used – annuities with life-time income benefits and life insurance.
You may also want to use some of the value in your IRA to provide your beneficiaries with a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiaries’ lifetimes.
We can help you evaluate your financial situation to determine if IRA legacy planning could help you, and we can work with attorneys and tax professionals to help you meet your goal of structuring a long-lasting inheritance for your loved ones.
Our firm is not permitted to offer, and no statement contained herein shall constitute, investment, tax or legal advice. You should consult an investment, legal or tax professional on any such matters.
Strategies for Financial Independence
Contact us at firstname.lastname@example.org or call us at 949.595.4409 (toll free: 877.707.4409) to schedule a time to discuss your financial situation and the potential role of insurance in your financial strategy.
It can be difficult to make financial decisions without access to information. If you have questions or concerns about your current retirement strategy, feel free to contact us using the form below
At Asset Retention Insurance Services, we can offer you the following products and services:
(Click the images below to learn more about each service)