Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Beneficiary IRA Trust? Approached by an insurance person?
Old 02-27-2018, 09:38 PM   #1
Full time employment: Posting here.
Join Date: Jul 2004
Posts: 507
Beneficiary IRA Trust? Approached by an insurance person?

My brother's FIL was visited by an insurance guy which described a "Beneficiary IRA Trust". It described how RMD's could be avoided.


1) Can someone describe this product? I'm only knowledgeable in Beneficiary IRA's where I'm taking an RMD.

2) What's in it for an insurance guy? I could see an estate attorney handling something like this.

gindie is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-28-2018, 01:11 AM   #2
Full time employment: Posting here.
Join Date: Sep 2011
Location: Placerville
Posts: 920
This link to a Forbes article will explain your questions plus a lot more.

skipro33 is offline   Reply With Quote
Old 02-28-2018, 05:27 AM   #3
Thinks s/he gets paid by the post
DrRoy's Avatar
Join Date: Dec 2015
Location: Michigan
Posts: 2,767
I may have read it wrong, but it seems to me that the Beneficiary IRA Trust does not avoid RMD's. It avoids the need for the beneficiary to pay taxes on the receipt of the IRA funds all at once, and allows the beneficiary to begin a new series of RMD's instead, paying taxes slowly.
"The mountains are calling, and I must go." John Muir
DrRoy is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Cognitive decline and finances - how to trust an outside person? Deej Health and Early Retirement 15 06-20-2017 02:12 PM
Morning person with night person Scuba Life after FIRE 26 07-04-2016 04:58 PM
a question of beneficiary ira's farmerEd FIRE and Money 9 03-22-2011 07:50 PM
Are you a private person or a people person? easysurfer Other topics 95 11-23-2010 10:01 PM
Roth IRA Beneficiary question summer2007 FIRE and Money 11 04-18-2009 07:45 PM

» Quick Links

All times are GMT -6. The time now is 06:31 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.