IRA & 401K Rollovers

In recent years people considered their home to be their biggest asset, going forward that may not be the case.  In the future it is projected that your IRA or 401k will be your biggest asset.  While the home has had great tax advantages upon the sale and/or at the distribution at death, the IRA or 401k (work sponsored plans) do NOT carry the same tax advantages.  The IRA is its own entity, with great benefits for accumulation, but quite a few financial pitfalls for distribution.

John Navin & Associates believes your IRA is a ticking time bomb.  Ed Slott, an IRA expert agrees www.irahelp.com.  The way in which you accumulate and distribute your IRA will have great impact on the amount of money a beneficiary will receive or the dollar amount you get to keep.  You see, the IRS has a plan for your IRA, too.  Put the words THE and IRS together and what does it spell…….THEIRS.  Please treat your IRA with respect, hire experts to help you, and review and understand a few key areas:

• IRA distribution while alive and at death.  What are your tax ramifications?
• Is it better to convert to a Roth IRA or stay a traditional IRA?
• The Stretch IRA or Generational IRA, is that something I can do with my current custodian?
• Beneficiary designations….Is your ex in-law inheriting your IRA?  Are you sure? 
• Charitable giving and your IRA, the limit you can give to a charity from your IRA—Tax Free.

Not all IRAs are the same, and NOT all financial advisors have the same level of expertise when it comes to IRA’s and their distributions.  John Navin and Associates understand the magnitude of benefits and ramifications of your IRA. Get the facts or you could lose hundreds of thousands of dollars in unnecessary tax.

Please invest a few moments and utilize our articles and tools to help you prepare for IRA/401k Planning.  When you are ready, call us toll free at 866-369-9029 to arrange for a free second opinion on your current IRA/401k Strategy. 

Remember, every choice has a benefit and a consequence. If you are feeling that “something isn’t right” feeling in the pit of your stomach or you still don’t have a clear-cut strategy….take action….your future depends on it!

John Navin & Associates—Solid Financial Strategies to Help You Grow.

Relevant Articles:

Ben Franklin and Stretch IRA
The Home Stretch
Sample Client IRA Distribution
Stretch IRA Explanation