Consumer Seminar. A Look at IRAs Beyond Retirement.
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Your Stretch-Out IRA planning team should consist of your:
*Consult your tax advisor regarding whether or not this gift qualifies under annual gift tax exclusion,
which is $12,000 in 2008.
IRA Value Now (2007):
Distributions Start (age 70):
Death Assumed (age 95):
Distributions during Sam’s lifetime
Sam's death assumed in 2043. No income or estate tax due on IRA at death.
Susan rolls over the value at Sam's death.
Distributions are based on the Uniform Lifetime Table.
The estate must have liquidity of $2,160,543 for federal estate taxes attributable to the IRA to provide the total distributions shown here.
Value of Susan’s inherited IRA in 2044: $6,040,231
Susan dies in 2048Value included in estate
IRA splits into separate shares at Susan’s death. Distributions based on life expectancy of each named beneficiary.
Total distributions during lives of Sam, Susan, and each non-spouse beneficiary: $28,630,324
*IRA distributions will be subject to income tax