Did you know that the most vulnerable assets in a taxable estate may be the assets that are held in your IRA or qualified retirement plan?

According to a formula provided by the IRS, you are required to begin withdrawing the assets from your retirement plan and pay income tax on the withdrawal. At death, if there are assets left in the taxable estate, they are subject to income tax and estate tax. The result means your retirements assets can be diminished by as much as 70%.


Using the Government's Diet Plan

• $1 million remaining in a retirement plan, taxed on withdraw with an early death, may only be worth $300,000 or $350,000 to your heirs.

By using the proper estate planning tools, your retirement assets can be saved. There are five basic estate planning tools available to estate planners. While all estate planners have access to these tools ("ingredients"), like a great chef, it is how you mix these "ingredients" that set you apart from others. Think 5 Star Restaurant vs. 3 Star Restaurant

What has made Cox & Nici a leading estate planning firm is the unique processes and the unique mixtures we develop as part of our estate planning menu.

Ordering from the Cox & Nici Menu

• Husband and wife (age 60), with $1 million in an IRA pass away. With proper planning, their children/grandchildren could receive over $4 million.
• If the same couple were to live to their mid-80's, after taxes, the IRA would provide almost $900,000 while living, and with proper planning, at death, their children/grandchildren could receive over $14 million.

What's the Recipe?
The IRS has provided clear guidelines and "ingredients" we can use, the rest is our "secret recipe" that we devise for our clients. By combining and timing the use of the "ingredients" correctly we:

• Reposition the ownership of assets that are not needed to maintain your lifestyle and move them outside of your taxable estate.
• Maximize a multi-generational transfer.
• Use other assets to maintain your lifestyle.
• Create liquidity to pay estate taxes.
• Reduce income taxes.

Should you explore an IRA or Retirement Plan rescue?
If you have assets in an IRA or a qualified retirement plan of $750,000 or more, which you do not need to meet your lifestyle needs, we recommend that a Qualified Money Conversion feasibility study be conducted.

How much does this cost?
Cox & Nici will make available to you, at no cost and no obligation, a feasibility study of your personal situation and circumstances to determine if your IRA or retirement plan assets can be rescued. This study will determine whether your situation warrants your consideration of converting your IRA or retirment plan assets and provide you with an analysis of the effect on your estate plan.

How do I get started?
Contact James R. Nici via phone at (239) 254-0706 or email jnici@coxnici.com and we will send you a Qualified Money Conversion Feasibility Study to begin the process. Plan today to protect you assets for the future.