AARP Retire Secure! by Lange, James -- Read -- Imperial Library of Trantor

Index

Praise Title Page Copyright Page Foreword Acknowledgements How to Read This Book

What Retire Secure! Doesn’t Cover Additional Resources for the Reader A Note Specifically for Financial Professionals

The Big Retirement Question A Summary of Tax Reduction Strategies

The Clear Advantage of IRA and Retirement Plan Savings during the Accumulation Stage Spend Your After-Tax (Nonretirement or Non-IRA) Money First during the ... My Best Advice—Read This Book An Outline Overview of the Whole Process

What’s New!

Consider Establishing a One-Person 401(k) Plan Roth IRA Conversions Available to Everyone in 2010 The New Roth 401(k) and Roth 403(b) All Non-Spouse Beneficiaries of an IRA May Be Entitled to the “Stretch” ... Unexpected Roth IRA Conversion Opportunities for Non-Spouse Beneficiaries of ... Direct Roth IRA Conversion from 401(k) and 403(b) Plans

Introduction Part One - THE ACCUMULATION YEARS

Chapter 1 - Fund Retirement Plans to the Maximum

Why Contributing the Maximum to a Retirement Plan Is So Valuable Make Those Nonmatched Contributions to Retirement The Employer Matching Retirement Plan Two Categories of Retirement Plans How Many Plans Are Available to You? How to Minimize Your Life Insurance Costs to Maximize Your Retirement Contributions When You Think You Can’t Afford to Make the Maximum Contributions

Chapter 2 - Traditional IRAs versus Roth IRAs

What Is the Difference between an IRA and a Roth IRA? Nondeductible IRA Contributions What Makes a Roth IRA So Great When Compared with a Traditional IRA? Roth IRA Eligibility Rules Traditional IRA Eligibility Rules Contribution Limits for Both Roth and Traditional IRAs Should I Contribute to a Traditional Deductible IRA or a Roth IRA? The Effect of Lower Tax Brackets in Retirement Comments on Your Actual Tax Brackets: A Subtle Point for the Advanced Reader

Chapter 3 - Traditional 401(k)s and 403(b)s versus Roth 401(k)s and Roth 403(b)s

What Are Roth 401(k)s and Roth 403(b)s? How Do Roth 401(k)/403(b) Accounts Differ from a Roth IRA? Advantages and Disadvantages of Roth 401(k)/403(b) Contributions Availability of the Roth 401(k)/403(b) Choosing between the Roth and Traditional 401(k)/403(b) Additional Advantages for Higher Income Taxpayers Effects of a Higher Liquidation Tax Rate What if Your Tax Rates Drop in Retirement? A Higher Liquidation Rate May Be Appropriate Extremely Lower Tax Brackets in Retirement Higher Liquidation Rates Should Again Be Considered What if You Need the Money, Not Your Heirs: Spending Down the Roth 401(k) Conclusion Making It Happen

Part Two - THE DISTRIBUTION YEARS

Chapter 4 - Optimal Spending Strategies for Retirees

Which Assets Should I Spend First?

Chapter 5 - Minimum Required Distribution Rules

Eventually Everyone Must Draw from Retirement Savings Calculating Your MRD after Age 70½ Timing Your First Required Distribution Special Rule for Qualified Plan Owners Who Are Still Working Past Age 70½ Special Rule for 403(b) Participants When Should You Schedule Taking Your MRD?

Chapter 6 - Should You Transfer Your 401(k) Account to an IRA at Retirement?

Rolling Over to an IRA Tax Advantages of Transferring a Company 401(k) (or Other Retirement Plan) into ... Investment Reasons to Transfer to an IRA or to a One-Person 401(k) Advantages of Leaving the Money Where It Is Music to the Ears of a CD Investor Weighing the Investment Advantages versus the Threat of Income Tax Acceleration My New Recommendation: The One-Person 401(k) Plan Additional Advantages of Retaining a 401(k) Rather Than Rolling into an IRA Combining Distribution Options Lump-Sum Distribution Ten-Year Averaging Is a Hellish Calculation The Mechanics of IRA Rollovers and Trustee-to-Trustee Transfers What You May Roll Over and What You May Not Special Exception for 403(b) Owners with Pre-1987 Balances Inexact Language on a Beneficiary Form Can Spell Disaster Choosing an Investment Institution after the Death of the IRA Owner

Chapter 7 - Roth IRA Conversions

Roth IRA Conversions: A Proactive Strategy to Benefit You and Your Heirs A Series of Small Conversions Rather than One Big Conversion Who Qualifies for a Roth IRA Conversion? 2010 Will Provide a Great Opportunity for Higher Income Taxpayers to Move into ... Factors to Consider before Converting to a Roth IRA Roth IRA Advantage to the Beneficiary The Downside of a Roth IRA Conversion

Chapter 8 - Annuitizing Your Financial Accumulations

What Is Annuitizing? Payment Schedules Annuitizing: A Conservative Strategy? Annuitizing Retirement Accumulations Annuitizing Has Worked Out Well for Many Investors Annuitizing: A Risky Strategy? A Variation on the Annuity Theme: The Longevity Annuity Special Idea: Using Annuities for Spendthrift Children Protection from Creditors

Chapter 9 - Withdrawing Retirement Plans Funded with Company Stocks and Net ...

What Is NUA, and Why Should I Care?

Part Three - ESTATE PLANNING

Chapter 10 - Eddie and Emily: A Retirement and Estate Planning Case Study

Eddie and Emily’s Retirement and Estate Planning Issues Retirement Planning Calculating the Minimum Required Distribution (MRD) Estate Planning Conclusions

Chapter 11 - How to Reduce Your Federal Estate Tax Burden

Defining Estate and Gift Taxes Avoiding Estate and Gift Taxes How You Can Save Millions without Spending a Nickel on Attorney Fees: The ... Different Types of Gifts Gift Taxes Freezing the Lifetime Gifting Exclusion at $1 Million The Importance of Having After-Tax Dollars to Pay Taxes and Expenses Why Should I Care about the Applicable Exclusion Amount if I Have Less Than $7 ... The Dreaded Double Tax on IRA Assets at Death Simultaneous Death The Exemption Equivalent Amount Trust (The B Trust, the Unified Credit Trust, ... The Nastiest Trap of All What If Retirement Assets Will Fund the Trust? Yuck!

Chapter 12 - The Most Certain and for Many the Best Way to Provide Financial ...

Understanding the Basics of Gifting with Survivorship Life Insurance Problems Facing Retirees That Can Be Solved Using a Survivorship Insurance Policy The Advantages of Survivorship Life Insurance Alternatives to Letting a Survivorship Policy Lapse Disadvantages of Second-to-Die Insurance Lower Risks of Investments with Survivorship Life Insurance Advantages of Survivorship Insurance if Estate or Inheritance Taxes Are Due The Best Funds for Paying the Insurance Premiums Significant Advantages Even with No Federal Estate Tax Small or Large Estates without Federal Estate Tax Produce Similar Advantages Different Amounts of Death Benefits Advantages Are Greater in a Time of Lower Investment Returns Case Study with Health Risk Factors Three Ways to Make the Second-to-Die Life Insurance Even More Beneficial Summary of Indicators That Survivorship Life Insurance Should Be Considered

Chapter 13 - Laying the Foundation for Estate Planning

What Is a Stretch IRA? Who Can Inherit an IRA? Spousal Beneficiary Who Chooses the Spousal Inherited IRA Option Compromise Solution What if the Younger Spouse Dies First? Technical Requirements for a Trust to Get the Stretch IRA Treatment

Chapter 14 - Using Disclaimers in Estate Planning

How Disclaimers Work Avoid This Mistake Advantages of Disclaimers Comparing the Disclaimer Approach to a Traditional Approach The Problem of Estate Planning in a Nutshell

Chapter 15 - The Ideal Beneficiary Designation of Your Retirement Plan

Critical Information: A Will or Living Trust Does Not Control the Distribution ... How the Plan Works The Ultimate Cascade of a Very Flexible Plan Are People Happy with Lange’s Cascading Beneficiary Plan? What if the Federal Estate Tax Laws Are Repealed?

Chapter 16 - Changing Beneficiaries for Retirement Plans and IRAs

A Caution Filling Out the Forms Complex Designations: Incorporating the Perfect Cascade One Consolidated Group Trust versus Individual Trusts for Grandchildren The Hazards of Naming Different Beneficiaries for Different Accounts Submitting the Forms

Chapter 17 - Trusts As Beneficiaries of Retirement Plans

Protecting Young Beneficiaries The Mechanics of Naming a Minor’s Trust as Beneficiary Perils of a Trust That Doesn’t Meet the Five Conditions Spendthrift Trusts True Story Ensuring the No-Good Son-in-Law Gets Nothing Unified Credit Shelter Trust, or B Trust, as Beneficiary The QTIP (The A Trust of the A/B Trust) An Alternative Solution to the QTIP

Chapter 18 - How Donors Can Do Well by Doing Good

Charitable Lifetime Planning with IRAs Charitable Estate Planning with IRA and Retirement Assets A Simple Example of Which Dollars to Leave to Charity Charitable Trusts in General Alternatives to Charitable Trusts

Chapter 19 - A Point-by-Point Summary of the Whole Process

Thank You, Readers Appendix: Life Expectancy Tables About the Author Index

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