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Contrary to what qualified plan buyers were told at the time, the taxes on distributions are not going to be insignificant after you are retired.
What is the real value of your IRA or qualified plan? Is it the amount shown on your annual statement, or is it really the amount you’ll have left over after paying taxes on that account value? What about the taxes on your Social Security income, will that be taxed at a higher rate as you take these withdrawals?
We all know that at age 71 ½ you will have to begin taking Required Minimum Distributions (RMD’s) even if you don’t want to or need to but what if there was a way around that? What if there was a way around the estate taxes that can hit your heirs at rates up to 50% if you have not properly prepared?
We have an IRA solution that may enable you to greatly reduce your annual tax burden on this retirement income and also increase the value of your estate some 3 to 10 times. This solution can also reduce or eliminate future RMD’s and in the process of doing these things you can also avoid a very real and common fear of outliving your money.
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Qualified Money Conversion Program
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If you already have an existing retirement or pension plan, IRA, IRA rollover,
beneficiary IRA, or an over-funded defined benefit plan, a qualified money
conversion strategy should be considered. Qualified funds are subject to both
income and estate taxes. Consequently, they are worth only 25 cents on the
dollar, assuming estate taxes of 28% to 45%. Pension Professionals, Inc. can
offer strategies for converting these qualified funds to give you 90 cents to
ten times the dollar, access to substantial tax-free withdrawals, while
excluding these amounts from his/her estate.
Client Profile
Qualified Money $1,000,000
Net Worth 5 Million+
Realizes the Million is worth $600,000 in his/her hands
And $300,000 to his/her heirs
May want some cash flow but doesn't need or want the money
Wants to reduce Required Minimum Distributions RMDs
May be adverse to leverage
May want guaranteed death benefit or wealth transfer amounts
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| $1,000,000 Qualified Money ConversionsT Program Value
Information
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Age 55 |
Age 65 |
Age 75 |
Age 85 |
| Low Value at Age 90
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$5,000,000 |
$2,300,000 |
$1,400,000 |
$500,000 |
| High Value at Age 90 |
$18,800,000 |
$8,000,000 |
$4,100,000 |
$1,550,000 |
| Wealth Multiplier Range |
4 to 17 Times |
4 to 14 Times |
4 to 12 Times |
2 to 5 Times |
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| $1,000,000 Qualified Money ConversionsT Program Value
Information
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| Withdrawal Value
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$600,000 |
$600,000 |
$600,000 |
$600,000 |
| Value to Heirs - Now |
$340,613 |
$340,613 |
$325,739 |
$317,599 |
| Value to Heirs - Age 90 |
$1,133,556 |
$576,242 |
$344,642 |
$302,257 |
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For a Free Analysis of your IRA, 401k, Profit Sharing Plan, Defined Benefit or
other Qualified Retirement Plan call us
at 800-433-9667 or click here.
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