INDIVIDUAL RETIREMENT ACCOUNT
A traditional Individual Retirement Account (IRA) is a personal tax-deferred retirement plan established for: those who receive compensation or earned income from employment and those who are divorced or separated and receive taxable alimony or maintenance payments and have not reached the age of 70 ½.
IRAs were created to provide individuals with the opportunity to build their own tax-deferred retirement savings program.
One of the downsides of IRAs is that every year, millions of Americans are forced to take a Required Minimum Distribution (RMD) from their IRAs and qualified plans starting at age 70½. This RMD, drastically decreases the amount that will be left for their beneficiaries after they’re gone.
Our firm offers a broad portfolio of IRA/RMD solutions that can give you the freedom to withdraw your RMD each year and still be guaranteed to leave at least 100% of the original premium as a death benefit through the age of 88, regardless of market conditions.