“Mega” IRAs
Hello,
Hope you are all doing good!
Please, is there any strategy clients could make for this possible “Mega IRAs” affecting accounts with over 5MM in assets? I guess the question is a matter of accumulation vs distribution phase of the client. But I am wondering if anything can be done via Life Insurance to mitigate this affection. What are clients with big IRAs account doing or should be doing from a planning perspective?
Thank you for you comments.
Permalink Submitted by Arthur Prunier on Sun, 2021-10-10 00:55
The wording of your question is unclear, which is likely why no one has yet responded. Please try rewording your question.
Permalink Submitted by Bruce Steiner on Sun, 2021-10-10 14:54
Since the tax rate is less than 100%, and since there’s no tax while the money is in the IRA, it’s better to have more money in your IRA than less money in your IRA.