Introducing the
Stretch IRA Protection "SIP" Trust!
Many people have built up large amounts of assets in their IRAs.
After your lifetime, how will these assets impact the people who inherit them?
Save your Stretch IRA Protections for your family
Leaving large sums to others can be beneficial or sometimes cause problems. What happens to the money if they receive a lump sum? Will they be able to manage the money well? Will there be unforeseen circumstances such as debt, divorce, or market fluctuations that could deplete all the funds?
In the past the “lifetime” stretch feature protected those inheriting IRA assets. They were able to stretch out payments over their entire life, thereby protecting the IRA’s principal value.
The Secure Act has now limited that protection to 10 years, except for spouses and a few other exempt groups. All other beneficiaries must receive all the IRA assets within 10 years
after the death of the original owner.
Don't let TAXES consume 50% of your family's inheritance
| Annual Income | Annual Income and Lump Sum Distribution* | ||||
|---|---|---|---|---|---|
| $100,000 | $1,100,000 | ||||
| Fed Tax Bracket | 24% | $24,000 | 37.0% | $407,000 | |
| CA Tax Bracket | 9.3% | $9,300 | 12.3% | $135,300 | |
| Taxes | $33,300 | $542,300 | |||
| Net Income | $66,700 | $567,700 | |||
| *Withdrawals from a Traditional IRA can push you into a higher tax bracket, and those withdrawals are taxed as ordinary income. |
|||||
Instead PROTECT your family's inheritance
AND SIGNIFICANTLY INCREASE YOUR GIFT TO FAMILY
| Stretch IRA Protection Trust Concept Parents establish a SIP Trust for adult child and spouse (ages 68) plus 3 grandchildren. |
|
|---|---|
| Features: Two-Life plus 20 Years | |
| Funding Value (IRA Value) | $1,000,000 |
| Payout Rate | 5.00% |
| Beginning Annual Payout | $50,000 |
| Projected Payout at Maturity* | $110,000 |
| Charitable Tax Deduction for Estate | $300,000 |
| Total Income to Family over Lifetime | $3,600,000 |
| Impact Gift to Your Community** | $2,000,000 |
| *Income may vary annually as assets grow tax-free within the Trust **Gift to charity after lifetime of all beneficiaries |
|
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(800) 298-6532
Email: Legacy@usw.salvationarmy.org
The SIP TRUST Provides:
- Lifetime secure income for heirs
- Protection for family's inheritance
- Assets grow tax-free within the Trust
- Variable Payments
- Payments to multiple beneficiaries
- Reduced inheritance taxes
- Easy no-cost setup
- Peace of mind for you and your family
Signifinantly increase your gift to your family and impact your community
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