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The Protected IRA Plus Program ™
You didn't happen to name your children or grandchildren beneficiaries of your IRA, 401k, 403b, 457 plan etc.?
Keeping your assets safe from government taxation and long term care providers
THE STORY
January 1, 2020: The US Government passed a new tax act called the SECURE Act.
The government not only wants more of your assets. They want them quicker.
DID YOU KNOW? The new tax act of January 1, 2020 destroyed any multi-generational planning for qualified funds.
The SECURE Act will make seniors insecure.
What does that mean to you? Taxes. Taxes. Taxes.
This affects all qualified money: IRA, 401k, 403b, 457, SEPs, etc.
Two parts to the SECURE Act every senior needs to know:
- The Stretch IRA was eliminated
- It extends the RMD age from
72to 73-75 over the next 10 years
THE CONSEQUENCES
- Higher tax bracket for surviving spouse
- Higher taxes for children or other beneficiaries
- Biden has promised to raise taxes in wealthier income brackets
- The stock market is unpredictable
Consequences of RMD Extension from 72 73 to 75 over the next 10 years
- Forces larger distributions later when one probably can be in a higher tax bracket with less deductions
Compounding Problems for Seniors
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- The following common realities compound the need for seniors to take larger distributions:
- 47% of seniors aged 65 will pass away before life expectancy
- 70% of people over 65 will need extended care
- 90% of couples over 65 either one or both of the members will die prematurely or need extended care
- Most seniors will scramble for money
DID YOU KNOW?
CLIENTS’ CONCERNS
- Running out of money before running out of breath
- Losing their assets and income stream to market losses, or the need for extended care
- The taxation of their income
- Leaving the most money possible to their beneficiaries instead of to the government
INTRODUCING
The Protected IRA Plus Program ™
- Guaranteed income
- Meeting potential extended care
- Tax free income in the future
DID YOU KNOW?
We concentrate on having a spending plan, not a budgeting plan. There are some good assets to take to the L-ord and some not.
- We conduct all the marketplace research
- We are independent and unbiased
- We have access to the top carriers at competitive rates
- We have seen great success with our program in the marketplace
- We know how to get tough cases through underwriting
AN EXAMPLE
The following example is just one of the designs. This design guarantees income after taxes to the client for their lifetime and protects the asset from market loss or if the client needs extended care.
All designs return at least the original amount back to the beneficiaries tax free, if that is what the client desires.
The client always has the choice of leaving less to their heirs and obtaining a higher guaranteed income for life. (Tradeoffs particular to the client of either leaving more to heirs or having higher guaranteed income).
![](https://protectediraplus.com/wp-content/uploads/2021/08/Untitled-design-6.png)
- more net income after taxes and expenses
- protection from market loss
- coverage for the needs of extended care or long term care
- coverage that pays for the estate + succession taxes
paul@himmelsteinfinancial.com