Parlay Your IRA into a Family Fortune

by Slott, Ed

• ISBN13: 9780670033966
• ISBN10: 0670033960
• Format: Hardcover
• Copyright: 2004-12-29
• Publisher: Viking Adult

Summary

Ed Slott’s book The Retirement Savings Time Bomb . . . and How to Defuse Ittaught Americans how to protect their hard-earned cash from the IRS’s coffers. Now, America’s IRA expert” (Mutual Funds Magazine) returns with a bulletproof plan for ensuring your IRA’s continued longevity, tax-favored, for generations.In Parlay Your IRA, Ed Slott shows you how to make the most out of your retirement plan. Slott's three-step strategy cuts through the tax laws and provides simple, easy-to-follow instructions for managing your IRA and other retirement income. Learn what you can do to parlay it into a fortune during your lifetime, and what you must do nowto ensure that your beneficiaries will have all the options available to capitalize on the opportunity you've created for them to keep your money growing.Packed with strategies, tips, answers to frequently asked questions Parlay Your IRA into a Family Fortuneoffers real solutions to making the most of your retirement money.Learn how to: * Achieve unlimited tax-free income when you retire. * Pass more assets on to loved ones and other beneficiaries * Keep retirement assets in the family for decades, even generations, and pay minimal or no taxes *Protect your retirement account from creditors, divorce, bankruptcy, lawsuits, or other problems that could expose it to loss *Use a Roth IRA to build a tax-free fortune * And much, much more

Author Biography

Ed Slott is a highly sought-after professional speaker, CPA, and tax adviser who has been called -ôthe best source for IRA advice-ö by the Wall Street Journal. His clients include major corporations, and he frequently appears in national publications such as The Wall Street Journal and The New York Times as well as on national television and radio.

Table of Contents

Introduction: What Comes After a Trillion?	ix
Part One: KEEP IT TOGETHER	1	(136)
1. The Ninth Wonder of the World	3	(22)
2. Your Incredibly Missing IRA Transition Strategy	25	(15)
3. Will Estate Tax and a Need for Cash Be an Issue for You?	40	(12)
4. Setting Up Your IRA for the Stretch	52	(17)
5. Who Can-Should-Inherit Your Stretch IRA?	69	(41)
6. Setting Up a Stretch IRA for Multiple Beneficiaries	110	(10)
7. Preserving the Stretch When Naming a Trust as Your IRA Beneficiary	120	(17)
Part Two: PARLAY IT INTO A FORTUNE	137	(56)
8. Exercising Your Options-Decisions, Decisions	139	(13)
9. Taking Inherited IRA Distributions-What to Do When	152	(22)
10. Tax-Cutting Strategies for IRA Beneficiaries	174	(19)
Part Three: CHOOSE THE RIGHT IRA ADVISOR	193	(62)
11. Why You Need an IRA Advisor	195	(4)
12. Is Your Advisor an IRA Expert? Let's Find Out!	199	(20)
13. The Green Berets of IRAs	219	(36)
Appendices
I. Resources That Make for Top-Notch IRA Advisors	255	(4)
II. Uniform Lifetime Table and Joint Life Expectancy Tables	259	(26)
Index	285	(12)
Acknowledgments	297	(4)
About the Author	301