Unasked Questions About The Stretch IRA

Do you ever wonder what you might not even know to ask about? For instance, do you know what a stretch IRA is and how it works? Or how to designate beneficiaries and joint ownership over your accounts appropriately? Matt talks through the ins and outs of these things, answering your questions before you ask them.

See the full show notes here. 

Take a look at the full rundown below: 

0:38 – Episode overview about making sure you do what you are supposed to with your retirement accounts.

3:39 – If you are still working after 70.5 and contributing to your company 401(k), do you have to take RMDs on it?

7:31 – The SECURE Act is looking to raise the RMD age.

8:01 – What is a stretch IRA?

11:40 – Current plans are to eliminate and condense the stretch IRA in Congress.

12:40 – The importance of designated beneficiaries on your account.

14:29 – Can you add your spouse to an IRA?

16:42 – Creating joint ownership on after-tax accounts like cars, real estate, and bank accounts.