• Provide binding beneficiary document that will control the distributions after your death? • Must be held accountable by law? Naming a Charity as an IRA Beneficiary ( Four Approaches ) 1. Name the charity as 100% beneficiary 2. Split between charities! 3. Split IRAs 4. Set up a Charitable Remainder Trust (CRUT) For an important summary of the rules for IRAs you should read Ed Slott, CPA’s excellent book, “The Retirement Savings Time Bomb Ticks Louder: How to Avoid Unnecessary Tax Landmines, Defuse the Latest Threats to Your Retirement Savings, and Ignite Your Financial Freedom.” You can purchase Ed’s book on Amazon.com. Isn’t it time for you to work with a person who is a genuine financial professional? What I have been taught over the years is to provide my clients with a process of education, discovery, and understanding to find their problem(s) and then provide them a solution(s) to those problem(s) and make it affordable. By working together, we can find those “Lost Opportunity” dollars that are slipping through the cracks of your financial house. Now, after identifying the source of these “Lost Opportunity” dollars, I can provide the client with solutions(s) to keep more money in the family. The client can now consider the solution(s) provided, and should they make sense to he/she, the client can, at that time, give the go-ahead, and I will complete the planning process, and in most cases, the client will have a written plan of action.
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