Return to News Index
Contact:
Tina Atchenson
Highland Capital Holding Corporation
205.263.4400
Johnson Presents IRA Distribution Planning Strategies at AALU
[Seattle, WA; June 6, 2003]—
Eleanor Johnson, Managing Principal for Highland Capital Brokerage Seattle, the brokerage distribution arm of Highland Capital Holding Corporation, presented “IRA Distribution Planning Strategies” at the Association of Advanced Life Underwriters (AALU) 46th annual meeting. The meeting, attended by more than 1,200 of the nation’s leading advisors of insurance and financial products and services, was held in Washington, D.C.
Johnson’s presentation focused on planning opportunities created by the 2002 final 401(a)(9) regulations: which define the new qualified plan minimum distribution rules. Johnson commented on how these changes have simplified the lifetime Required Minimum Distributions (RMDs) and created significant flexibility in post-mortem planning.
“The new rules create an opportunity for advisors to focus on the planning aspects of qualified plan distribution planning instead of just how to comply with the rules,” stated Johnson.
Johnson used several case studies to illustrate how carefully meeting these requirements will allow clients to take advantage of income tax deferral into the next generation. Johnson outlined the following:
- The power of the “Stretch IRA”.
- How to integrate beneficiary designation planning with estate planning for qualified plans.
- How choices of various beneficiaries impact post-mortem distribution options.
- The use of post-mortem planning techniques to manage the timing of income tax recognition for IRAs.
- The impact of Estate Tax Reform on qualified plans and IRAs.
- The importance of life insurance as a means to create liquidity in order to accomplish the “Stretch IRA”.
About AALU
AALU is a national association of nearly 2,000 advanced life insurance planners who are committed to preserving insurance through political involvement. AALU's members sell and service substantial volumes of life insurance for business continuation, estate and retirement planning, wealth accumulation and transfer, executive compensation, charitable planning, and employee benefits for individuals, families, estates, small businesses and corporations.
About Highland Capital Brokerage
Highland Capital Brokerage has established long-term, mutually beneficial relationships with financial services professionals working in the estate, business, and financial planning marketplace. Highland Capital Brokerage is the wholesale brokerage distribution arm of Highland Capital Holding Corporation. Highland Capital Brokerage provides access to major insurance carriers, advanced planning support, expertise in risk underwriting, and back office processing to insurance brokers, financial planners, and various institutions such as banks, wirehouses, and CPA firms. The group has differentiated itself among multi-carrier brokerage agencies through an emphasis on providing value-added marketing and point-of-sale support for its clientele.
###
Return to News Index
