Word: iracould
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Here's one way a stretch IRAcould work: A father names his son as a beneficiary. When the father reaches age 70 1/2, he elects to have the benefits stretched over his life and his son's life. When he dies, the son gets the IRA and can take the money out slowly by spreading withdrawals over his remaining life expectancy. He has to pay income taxes only on the amount he withdraws every year. That's a huge tax benefit considering that if the father died without naming a beneficiary, the IRA would be liquidated and more than...
| 1 |