The SECURE Act now requires that any non-spousal beneficiary inheriting qualified dollars must have those funds distributed within 10 years. OneAmerica’s qualified dollar Asset Care strategy just happens to be a perfect solution that helps to replace the loss of the stretch IRA while simultaneously addressing the elephant in the room:
• The client(s) receive an immediate 20% bonus on the incoming IRA non-taxable transfer
• Total stepped up IRA balance is then distributed over the course of 10 years using an income
rider, thus satisfying the 10-year SECURE Act requirement
• The distributions internally fund a 10-pay single or joint-life Asset Care which includes lifetime
• Ability to add a spouse to the contract
Please join us for a short 15-minute web training to learn more!
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