From an estate planning attorney, financial advisor and CPA
- (209) 416-0353
- Mon-Fri 8:30 AM to 4:30 PM
Retirement Planning
and IRA's
At first glance, the concept of retirement planning using Individual Retirement Accounts (IRA), 401(k)’s, and other retirement plans seem simple enough: A structured way to save for your golden years while deferring taxes on your growing nest egg. Unfortunately, that simple idea becomes one of the most complex areas of estate planning once IRS rules are applied.
Maximizing the Value of Your Retirement Assets
To ensure you are protected, an estate planning attorney must consider tax reduction techniques as they apply to your individual situation, and interpret complicated income tax rules and IRS regulations. Fortunately, our estate planning attorneys immerse themselves daily in the questions and concerns that IRA investors face in planning their estates.
6 Steps to Begin Planning
As you take steps to organize your affairs, decisions must be made concerning which family members are intended to benefit from the estate plan, which include your IRA and other retirement assets. Each choice you make may have important tax consequences. Consider these steps as you start to plan:
Such as investments, savings, retirement plans, real estate, life insurance, annuities, businesses, other personal assets, etc.
Such as estate planning attorney, financial advisor and CPA to use for yourself and your family
Will, Trust, deeds, beneficiary designations, life insurance policies and account statements
To ensure financial security during your lifetime
Such as providing for your spouse, children, grandchildren, charitable donations, etc.
