Advantages of an IRA

With the new legislation, H.R. 2029 passing, I figured it would be a good time to talk about the advantages of having an IRA.  Since their debut in 1977, IRAs have gained widespread public acceptance — more than 60 million Americans own either Roth or traditional IRAs, with more than $12 trillion dollars invested. Most economists, financial planners and accountants regard the IRA program as a great savings windfall for the American people. Employee savings and retirement plans present an attractive option for many Americans. Many qualified plans offer the convenience of payroll deduction plus matching contributions from an

employer. However, a comprehensive retirement plan should consider all available options and your America’s Tax Solutions™ retirement distribution specialist can help you determine which options are right for you.

IRAs — particularly Roth IRAs — are both accumulation and distribution vehicles. If the distribution phase is properly administrated, an IRA can become a Multi-Generational legacy, “stretching” the assets and required distributions beyond the life of the original owner, while it continues to grow tax-deferred over multiple generations. This is what is termed a legacy investment strategy and it is accomplished through a Multi-Generational IRA (MGIRA). An MGIRA is not a product nor is it something that you select from a menu of financial services. An MGIRA is an IRA distribution strategy. Your America’s Tax Solutions™ retirement distribution specialist can describe for you in greater detail how an MGIRA works, and help you decide whether or not this powerful legacy strategy is right for you.

Potential IRA Advantages:
• More estate planning options
• Greater opportunity for a Multi-Generational “stretch”
• Wider array of investment choices within the account
• Simplified conversion to a Roth IRA
• Plan portability
• Account consolidation options
• Professional advice from America’s Tax Solutions™