31 Jul 2017

Could the Inherited IRA Be Eliminated?

While it’s always unclear what will come out of Washington, it appears that the inherited IRA (also known as a ‘stretch’ IRA) may be on the chopping block. To incentivize retirement saving, the government allows people to make pretax contributions to IRAs and allows the funds to grow without annual tax bills. Ultimately, though, IRAs are tax-deferred, as opposed to tax-free and the government taxes the money when it comes… Read More

By David Ott Tags: , ,
20 Nov 2014

How to Get a $200 million IRA (no joke)

When Mitt Romney ran for President in 2012, he was required to disclose information about his net worth, which was around $250 million. The most interesting element to me, though, was that he had more than $100 million in his IRA. IRAs are an important element of our clients IRAs and some have large balances, but nothing, obviously, like Romney’s. I don’t begrudge Romney and have no interest in getting… Read More

By David Ott Tags: , ,
12 May 2014

IRA Rollover Rule Changes

I am a little embarrassed to admit that there are so many rules about IRAs that I find it difficult to keep them straight and I have to refer back to a guide that I have and constantly have to ask other Acropolitans if I’ve got my facts straight.  There are a lot of rules, even more exceptions and getting it wrong can be costly. A recent IRS ruling highlighted… Read More

By David Ott Tags: , , ,