Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Stretching IRAs
Old 02-25-2005, 05:04 PM   #1
Dryer sheet aficionado
 
Join Date: Jan 2005
Posts: 46
Stretching IRAs

Anybody here familiar with this topic?

I have been reading Ed Slott's newest book about stretching IRAs. Has anyone here read it yet?

JLP

JLP 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 Early-Retirement.org 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!

Re: Stretching IRAs
Old 02-26-2005, 06:29 AM   #2
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 2,016
Re: Stretching IRAs

I heard about stretch IRAs in an investing class. If I understand it right, what it means is you and spouse put each other as beneficiary of the IRA. When one of you dies, then you put your kids on the IRA.

I could have this wrong. Maybe you put your kids on the IRA instead of your spouse, and count on them to keep the surviving spouse in coins?? The important idea is to keep Uncle Sam's greedy fingers out of it as long as possible.
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Stretching IRAs
Old 02-26-2005, 10:21 AM   #3
Dryer sheet aficionado
 
Join Date: Jan 2005
Posts: 46
Re: Stretching IRAs

For the most part, you are correct.

With a Roth IRA, a spouse can name his or her spouse as the beneficiary. Once the spouse dies, the remaining spouse can then roll that IRA into their own. They DO NOT have to take RMDs.

The inheriting spouse can then name a child or children as beneficiaries. If set up properly, once the remaining spouse dies, the children can the split the IRA and take RMDs based on their individual life expectancies.

It is pretty cool concept.

JLP
JLP is offline   Reply With Quote
Re: Stretching IRAs
Old 03-01-2005, 07:24 AM   #4
Dryer sheet aficionado
 
Join Date: Jan 2005
Posts: 46
Re: Stretching IRAs

For those who are interested, I have been writing about Stretching IRAs for a couple of weeks. Here's a link to all my articles:

http://allthingsfinancial.blogspot.c...-by-topic.html
JLP is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
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
Tax Question concerning IRA's riskadverse FIRE and Money 12 04-07-2007 11:22 AM
Contributing to Roth IRAs while one of couple is FIRE'd LOL! FIRE and Money 4 06-26-2005 02:04 PM
Creditors May Not Sieze IRAs Berkshire_Bull FIRE and Money 20 04-06-2005 04:55 AM
Last Minute IRAs for 2004 Martha FIRE and Money 2 04-04-2005 06:06 AM
IRAs, TSAs - Which is best for ER? Rita Hi, I am... 10 10-02-2004 08:41 AM

» Quick Links

 
All times are GMT -6. The time now is 11:43 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.