An Inherited IRA is also known as a Stretch IRA

As IRA account owners pass away their assets are typically inherited by designated beneficiary(s) named on the account. The beneficiary(s) have a choice to receive a lump sum distribution, minus ordinary income tax, or establish their own Inherited IRA account, which offers additional tax deferral. If the later option is chosen, the IRS requires annual beneficiary distributions to be taken based upon a uniform life expectancy table. Therefore, younger beneficiaries inherently have an advantage to grow inherited IRA assets due to relatively small-required annual distributions.

Ask a financial advisor to show you a hypothetical illustration for inherited IRA distributions with beneficiaries who vary in age. This may become an opportunity to include loved ones who are younger than you into your estate plan while providing them with a financial foundation.

Many of our advisors are members of the Financial Planning Association (FPA) and also the National Association of Personal Financial Advisors (NAPFA: the nation’s leading organization promoting Fee-Only comprehensive financial planning).

Using the services of a qualified financial advisor (to help you identify the strengths and weaknesses in your financial picture) will ensure you can retire comfortably!

NOTE: Experts recommend contacting 2-3 financial advisory firms, so that one may compare/contrast each firm, thus making the best-qualified choice.

Carefully consider beneficiary designations; they have a significant impact on the distribution of your estate.

Most financial advisors specializing in estate planning, suggest using a will or trust to formally outline the final distribution of assets held within one’s estate.  However, these documents, unless specifically named as the beneficiary, usually do not have any effect on the distribution of many important assets.  Personal assets such as IRAs, annuities, life insurance, retirement plans, employee benefit plans, and transfer on death accounts use beneficiary designations to control which entity receives these assets.  Financial advisors can help you decide on which beneficiary designations are best for you.   These can include people, charitable & educational organizations and religious entities among others. Also, most financial advisors highly recommend naming back-up beneficiaries; commonly called “Contingent Beneficiaries”. If a primary beneficiary dies before you the contingent beneficiary will receive its share of the asset.

Most financial advisors suggest making it a habit to review beneficiary designations regularly and update them as necessary for employment changes, birth, death, marriage and divorce. 

Many of our advisors are members of the Financial Planning Association (FPA) and also the National Association of Personal Financial Advisors (NAPFA: the nation’s leading organization promoting Fee-Only comprehensive financial planning).

Using the services of a qualified financial advisor (to help you identify the strengths and weaknesses in your financial picture) will ensure you can retire comfortably!

NOTE: Experts recommend contacting 2-3 financial advisory firms, so that one may compare/contrast each firm, thus making the best-qualified choice.

Financial Advisors have varied experiences, education, and specializations.  Finding the right financial planning firm and/or financial advisor takes the right research.  It takes trust in the source.

We have selected only the top financial planning professionals in the U.S. with which to work.  The Financial Advisors in our directory are all independent, Registered Investment Advisors (RIAs) managed by FINRA and the SEC (United States Securities and Exchange Commission).

Our financial advisors take fiduciary oaths and pledge to uphold the highest standard of ethics.  Many of the financial planners within our directory explain how their financial planning process works within their profiles.  After reviewing their profile pages, you can request a fee schedule, more detailed information and/or a meeting.

Many of our advisors are members of the National Association of Personal Financial Advisors (NAPFA: the nation’s leading organization promoting Fee-Only comprehensive financial planning) and the Financial Planning Association (FPA).

Using the services of a qualified financial advisor (to help you identify the strengths and weaknesses in your financial picture) will ensure you can retire comfortably!

NOTE: Experts recommend contacting 2-3 financial advisory firms, so that one may compare/contrast each firm, thus making the best-qualified choice.