#138- The IRA Maximization Strategy

The Kuderna Podcast

In this episode of the Kuderna Podcast, host Bryan Kuderna discusses the concept of IRA maximization. He explains the three legs of the retirement system, which include social security, defined benefit pensions, and private savings. He emphasizes the importance of private savings, particularly through qualified retirement plans like IRAs. Kuderna delves into the tax concerns and future liabilities associated with IRAs, highlighting the need for careful planning. He explains the concept of required minimum distributions (RMDs) and the impact of the Secure Act on the stretch IRA strategy. Finally, Kuderna introduces the IRA maximization strategy, which involves leveraging life insurance to generate tax-free benefits. He discusses the benefits and considerations of this strategy for high net worth individuals. Takeaways

• IRA maximization is a strategy that involves leveraging life insurance to generate tax-free benefits for high net worth individuals.
• The three legs of the retirement system in the US are social security, defined benefit pensions, and private savings.
• Tax concerns and future liabilities associated with IRAs should be carefully considered and planned for.
• The Secure Act has impacted the stretch IRA strategy, often requiring non-spouse beneficiaries to take all RMDs within 10 years of the owner's death.

Chapters 00:00 Introduction to the Kuderna Podcast 00:30 Overview of IRA Maximization 01:27 The Three Legs of the Retirement System 03:21 Private Savings and the Role of IRAs 05:31 Understanding IRAs and Retirement Planning 10:23 Tax Concerns and Future Liabilities 18:04 Required Minimum Distributions (RMDs) 20:20 The Stretch IRA and the Secure Act 22:42 Introduction to the IRA Maximization Strategy 23:55 Using Life Insurance for Tax-Free Benefits 27:45 Benefits and Considerations of the IRA Maximization Strategy *US Retirement Assets (CRS): https://crsreports.congress.gov *Exceptions to tax on early distributions (IRS): https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-exceptions-to-tax-on-early-distributions This episode is brought to you by Weekly Wealthy Wisdoms, Bryan's free weekly E-newsletter packed with his best insights of the week. Sign up for free at www.bryankuderna.com.

This podcast is for informational purposes only. Guest speakers and their firms are not affiliated with or endorsed by PAS or Guardian. This material contains the current opinions of the speakers but not necessarily those of PAS, Guardian or its subsidiaries and such opinions are subject to change without notice. None of the organizations mentioned in this podcast have any affiliation with Guardian or PAS. Bryan Kuderna is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 50 Tice Blvd. Woodcliff Lake, NJ 07677 [phone]. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Kuderna Financial Team is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #OK04194

#2024-171976 Exp. 3/26