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De-Taxification Legacy Maximization Estate Plan 2011-4226 This presentation is for educational and informational purposes only. The information being presented.

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Presentation on theme: "De-Taxification Legacy Maximization Estate Plan 2011-4226 This presentation is for educational and informational purposes only. The information being presented."— Presentation transcript:

1 De-Taxification Legacy Maximization Estate Plan This presentation is for educational and informational purposes only. The information being presented does not consider your particular investment objectives or financial situation and does not make personalized recommendations. This information should not be construed as an offer to sell or a solicitation of an offer to buy any security. This material is not intended to replace the advice of a qualified tax adviser or legal counsel. Individuals should contact their own tax professionals and attorneys to help answer questions about specific situations or needs prior to taking any action based on this information. We believe the information provided is reliable, but do not guarantee its accuracy, timeliness, or completeness. NEXT Financial does not give tax or legal advice. Securities offered through NEXT Financial Group, Inc. member FINRA/SIPC The Retirement Guys Network is not an affiliate of NEXT Financial Group, Inc.

2 WHY? 2 Problems: 1.INCOME TAXATION OF YOUR RETIREMENT ACCOUNTS. 2.A HEALTH CARE CRISIS.

3 WHAT IS DE-TAX MAX? Multi-generational stretch-out + Life/Long Term Care Leverage Plan = DE-TAX MAX

4 WHAT IS DE-TAX MAX? 2 Key Strategies 1.Use leveraging to create benefits that you do not currently have to protect yourself and your family. 2.Create strategic legal documents that maximizes legacy, protects you if you become incapacitated and protects your family from bad things that might happen. = DE-TAX MAX

5 What are the issues to consider when creating your estate plan? 1.Plan of Distribution 2.Probate Avoidance 3.Estate Taxes 4.What If I Dont Die? 5.Asset Protection 6.Income Taxes

6 DE-TAXIFY YOUR RETIREMENT ACCOUNT Good News: Tax deferral has done its job to get the value of your account to where it is today. Bad News: Your retirement account is now a tax- ticking time bomb that has never been taxed. Do you think taxes are going up in the future, yes or no? What does our government have to pay for ? Who will pay for it?

7 DE-TAXIFY YOUR RETIREMENT ACCOUNT What is your retirement account really worth? $500, % taxes ($200,000) = $300,000 Where is your money on the tax continuum? TaxableTax-DeferredTax-Free

8 DE-TAXIFY YOUR RETIREMENT ACCOUNT Systematically move money to tax-free category $25,000 - $6,250 = $18,750 $25,000 - $6,250 = $18,750CREATES INCOME TAX-FREE LEGACY $25,000 - $6,250 = $18,750 $500,000 $25,000 - $6,250 = $18,750

9 Asset Protection Shield Legacy Pay Raise Diversification outside of stock market Current Income Formulaic Independent Income System What could blow this up?

10 WHAT IF YOU NEED LTC? USE THE DE-TAXIFICATION PLAN TO LEVERAGE YOUR DOLLARS TO CREATE LONG TERM CARE BENEFITS THAT CAN BE USED IF NEEDED. THE DEATH BENEFIT CAN BE ACCESSED EARLY TO HELP PAY FOR LONG TERM CARE. IS ASSET-BASED LONG TERM CARE AN OPTION?

11 DE-TAXIFY YOUR RETIREMENT ACCOUNT What if the balance of your retirement account continues to get bigger? Use Multi-Generational Stretch-out to maximize growth and minimize tax impact for heirs.

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13 WARNING! This New IRA Stretchout is Not Automatic !

14 WHAT IS ? Multi-generational stretch-out + Life Leverage Plan + Long Term Care Leveraging Plan = DE-TAX MAX

15 WHAT SHOULD WE DO NOW? 1.Do estate planning analysis. Meet with estate planning attorney to see what legal documents may be needed. 2.Apply for Life/LTC Leverage Plan (Life Insurance) to see if you qualify and to see if numbers make sense. 3.Do Independent Portfolio Analysis/Tax Analysis if you have not already done so.

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