This presentation focuses on the key issues to consider in estate planning for clients with substantial IRA and other qualified plan accounts. After a brief review of basic IRA distribution rules, the speakers will focus on planning strategies to accomplish income and estate tax deferral in a financially efficient matter.
Topics include:
- Income tax options on lifetime distributions including RMDs
- Potential “double tax” at death on IRA (net income plus estate taxes with RI
example)
- Income and estate tax deferral planning for IRA
- Multiple IRA accounts (mutual funds, deferred annuities, immediate annuities)
- Five (5) IRA-Life Insurance planning options
- Hypothetical case study of three phases of “inherited” IRA distribution (client,
spouse, children)