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IRA - Independent Retirement Analysis

Your Guide to Retirement

The good news is that many people are entering the decade before retirement with substantial monies in investment and retirement accounts to supplement their Social Security. The bad news is that the rules associated with how to take distributions from those accounts are complex and not well understood. As a result, retirees are paying substantially more in taxes than they should, which is a shame, as most of these taxes could be avoided or reduced with proper planning.

<strong>Retirement Account Questions</strong>

Retirement Account Questions

  • What type of retirement account is right for me?
  • Can I still contribute to a retirement account and if so, how much?
  • When do I need to take with withdrawals and how much do I have to take?
  • How are my IRA withdrawals taxed?
  • How does my IRA fit into my overall plan?
  • What happens to my IRA when I die?
  • How can I minimize taxes so I can spend more of my hard-earned money?
<strong>Retirement Account Rules</strong>

Retirement Account Rules

  • Contributing to traditional IRAs and Roth IRAs
  • How indirect and direct roll overs work
  • How retirement accounts are taxed
  • How to calculate your required minimum distribution
  • Roth IRA conversions
  • Inherited IRAs
  • How spousal IRAs work
<strong>Retirement Account Strategies</strong>

Retirement Account Strategies

  • 6 roll over options foryour retirement plan funds
  • 3 common required minimum distribution mistakes
  • The difference between indirect and direct rollovers
  • How to coordinate your IRA planning with your overall retirement, estate, tax, education, Social Security and financial plans
  • 3 different options for spousal IRA beneficiaries

Develop a retirement distribution optimization strategy

You must have a retirement tax strategy that manages your assets for an "optimal drawdown" so you pay as few taxes as necessary. And this strategy should be revisited each year in retirement.

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