iVoox Podcast & Radio

IRA to Trust Conversion

02/08/2020
5
0
0

Audio not available. Try it later.

Preparing audio to download.

Sponsored listening. Audio will begin within seconds...

Escucha sin esperas

Hazte Premium

IRA to Trust Conversion description

I want to talk to you today about a problem many of my clients are facing. They want to protect their assets, including retirement funds, in a trust like an irrevocable or convertible trust. Many Americans have much of their savings tied up in traditional Individual Retirement Accounts (IRAs) or 401ks painting an asset picture that is “Qualified Fund Heavy”. That means their funds are locked in tax qualified funds like traditional IRAs or 401ks. These retirement savings products seem like a great idea at first. They allow you to set aside money each paycheck, pre-income tax, and allows that money to grow. You are not taxed on the gains or in other words, there are no capital gains taxes on the growth of the investments inside of the IRA package. However, you are penalized 10% for any withdrawals you make prior to age 59 and you must start taking distributions from the IRA at the age of 72. The distributions from your qualified retirement assets can provide much needed income well into your retirement. However, these types of assets (401ks and IRAs) cannot be legally protected with estate planning tools like trusts. Simply put, your traditional IRA or 401k cannot be moved into a trust to be protected; not in their current form, at least. To be placed into a trust they would need to be liquidated first...

Why use a trust to protect assets like retirement funds?

trust trusts trustee estate planning ASSET PROTECTION

Comments

Por decisión del propietario, no se aceptan comentarios anónimos. Regístrate en iVoox para comentarlo.

Escucha y lee todas las noticias del programa. En directo de L-V de 6 a 12:30

La Voz de César Vidal

Lo que nadie más te cuenta, toda la actualidad política, económica y cultural con el análisis sin censura de César Vidal. Apoya nuestro canal en IVOOX por 3€ al mes y podrás acceder a los audios antes que nadie y sin publicidad. Emisión en abierto a partir de las 20:30.

En los Tiempos de la Radio

En cuanto a información se refiere usted vale lo que sabe, infórmese en los Tiempos de la Radio, con Oscar Mario Beteta

Es la Mañana de Federico

La mañana de siempre, ahora en esRadio. Federico conduce las mañanas con sus colaboradores habituales. Información y opinión.

La Radio de la República

El noticiero más importante de YouTube en Latinoamérica, con Chumel Torres y su equipo. Con ese su característico estilo de decir las cosas… O sea, mal.

Radios populares:

IRA to Trust Conversion

IRA to Trust Conversion description

More Política, economia e opinião

More episodes Elder Law Report

Descubre podcasts de otros países

Radios populares: