Retirement Accounts

Fletcher Tilton’s Retirement Planning Group advises our estate planning clients on how to make decisions concerning their retirement accounts and assets. We counsel clients on the proper application of rules concerning the funding and maintenance of Individual Retirement Accounts (“IRAs”) such as Traditional IRAs, Roth IRAs, Rollover IRAs, and Inherited IRAs, as well as Qualified Retirement Plans such as (401(k)s, 403(b)s.

We also assist in the administration of retirement accounts, which consists of structuring account conversions and rollovers, calculating and withdrawing annual Required Minimum Distributions after the client’s Required Beginning Date (April 1 of the year following the year in which the client turns 72), and computing proper income tax withholding.

We counsel clients on the appropriate and tax-efficient designation of beneficiaries, for retirement accounts (which may include individuals, trusts, charities, and private foundations). If a trust is designated, then the appropriate provisions must be included in the trust (“Accumulation Trust” or “Conduit Trust”) to enable the trust to qualify for either life expectancy payout or payout under the new 10-year rule. This will maximize the income tax deferral for the retirement account.