Goldstein On Gelt

Stretch IRAs – A Great Way to Pay Taxes Later

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Stretching is not only for the gym… if you have a “Stretch IRA” you can s-t-r-e-t-c-h out the taxes due on your inherited IRA (Individual Retirement Account). If you pay taxes later, you have more money to invest now! CPA and Estate Planning Attorney Jim Lange discusses with Doug how to best title and organize inherited IRAs so beneficiaries can defer taxes. Jim stresses the importance of setting up inherited IRAs properly in order to maximize the benefits of these accounts. Learn two critical mistakes people make when receiving an inherited IRA, and make sure that you prepare your paperwork properly. Investing for the future means that you’re optimistic If you ask Doug whether his cup is half full or half empty, he’ll say it’s full of promise for the future. Doug discusses his favorite new technologies (self-driving cars!!! – listen to another interview on the topic), and summarizes how to decide what technology to choose for your long-term money. If you are optimistic that the economy is growing, look to th