Speakers: Joe Ross, AIG

Year: 2021

IRA beneficiaries are required to pay tax on their Inherited IRAs, but can’t do a Roth conversion. If IRA beneficiaries could put their taxed Inherited IRA into a Roth IRA after they paid the tax, would they? YES...many of them would! But Congress doesn’t allow it. This presentation will share how with cash value life insurance, beneficiaries can have the equivalent of a Roth conversion without doing a Roth conversion. Learn how beneficiaries can pay no tax on growth, income, or on the distribution to their beneficiaries, and no RMDs required on their Inherited IRAs. Session Takeaways: After taxes are paid on the Inherited IRA, beneficiaries will never pay tax on it again and any remainder will pass to their beneficiaries income-tax-free. Understand how The SECURE Act has fueled this concept, the concerns the beneficiaries will have, the ease of implementation, and a comparison of results through a case study. The ultimate result can be significantly more assets when compared to non-qualified portfolio investments when projecting with the same rate of return. Speaker: Joe Ross, AIG