Article

2019-07-17 Economy

Pending retirement rule could make the IRS your biggest IRA beneficiary, expert warns

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Posted by Besoeker 2019-07-17 08:34|| || Front Page|| [3 views ] Top

#1 .....make the IRS your biggest IRA beneficiary.

As originally envisioned.

Posted by Besoeker 2019-07-17 08:53|| 2019-07-17 08:53|| Front Page Top

#2 Those distributions, however, are subject to income taxes.

Yeah, and that tax bill takes a great big bite out of the distribution. I've heard all the arguments and I'm certainly no expert but it makes me wonder if it wouldn't be better to let that money be taxed when you're working and can afford it and then put it into a regular old investment account.

Posted by Abu Uluque 2019-07-17 10:42|| 2019-07-17 10:42|| Front Page Top

#3 I selected the 'no tax' SSA option.
I registered myself as a sole-proprietor LLC.
I created a SEP into which I pay the monthly stipend.
The SEP is tax-free diversified.

Posted by Skidmark 2019-07-17 14:29|| 2019-07-17 14:29|| Front Page Top

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