How the Grinch Stole Your IRA: Keep Medicaid and the IRS from Taking Your Retirement Account

03 Oct 2017
1:30 pm - 5:00 pm

How the Grinch Stole Your IRA: Keep Medicaid and the IRS from Taking Your Retirement Account

This session will be broken into two parts. The first part will discuss the difference between conduit trusts and accumulation trusts as it relates to minimizing the RMDs from retirement accounts. Learn when it makes sense to add retirement account provisions to a trust that is not otherwise designed for retirement accounts.

The second part will discuss IRA availability, investment options, types, early withdrawal penalty and exemptions, minimum required distributions, and income taxation. There will also be a conversation about how IRAs can impact Medicaid eligibility – exempt, countable, or countable to the extent of monthly distributions. We will end with Medicaid crisis planning case studies and illustrate how countable IRA accounts can be spent down by using Medicaid compliant annuities.