Monday, January 27, 2020

How Will Stretch IRAs Impact Your Estate Plan?

estate planning attorney ann arborDo you have a stretch IRA?
Were you planning on leaving money for your child or grandchild? 
You need to learn about the major change to retirement plans!
A new Act was passed eliminating the stretch IRA and replacing it with a 10-year pay-out period. This means a beneficiary can no longer stretch the pay-out over his or her lifetime. Instead, the entire IRA must be “emptied” by the end of the 10th year after death. Therefore, the IRA gets into the hands of child or grandchild or imprudent beneficiary much sooner than anticipated.
Learn more here!
Get Started Today: Schedule Your Consultation!

If you would like to learn more about estate planning services and special needs planning options, contact an estate planning attorney in Ann Arbor today! Attorneys at Pear Sperling Eggan & Daniels, P.C., can help assist you with virtually everything law related. Consult your attorney for details.

No comments:

Post a Comment