13. My CPA/accountant has looked at my Retirement account estate planning to determine everything has been done correctly to avoid unnecessary taxation. 14. I understand the “Separate Account” rule of Section 590. 15. I understand how to turn a $350,000 IRA into over one million dollars for my children/heirs. 16. I understand that “Spousal and Non-Spousal” beneficiaries have different rights. 17. I understand the “high cost” of small fees and my account is protected from market losses. 18. I understand the difference between the “One and Two-Tier Approach” for non-spousal beneficiaries. 19. I know what financial institutions provide the ideal custodial support for multi-generational IRAs. 20. I have a written financial roadmap to help guide me to financial success. DO YOU UNDERSTAND HOW MUCH A TRILLION DOLLARS TRULY IS? If one second = $1, then it would take almost 32 thousand years to reach a trillion dollars! “Rarely do we find men who willingly engage in hard, solid thinking. There is an almost universal quest for easy answers and half-baked solutions. Nothing pains some people more than having to think.” — Martin Luther King Jr.
“If you’ve worked hard to earn a living all your life, why not spend some of your children’s inheritance and enjoy life on your way out? You will appreciate your money more than they will.” — T.L.R.
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