An Estate Planning Technique that Can Eliminate Some or All of the Income Tax Owed by Beneficiaries on 401(k) Accounts and Rollover IRAs

Date: Thursday, May 8, 2014
Time: 6:00 PM - 8:30pm
Location: Massimo's - 5200 Mowry Avenue, Fremont
Speaker: Barry H. Sacks, J.D., Ph.D.

Many retirees will die leaving sizeable balances in their 401(k) accounts or rollover IRAs to their beneficiaries.  Among the “mass affluent” retirees, many will have augmented the value of their 401(k) accounts and rollover IRAs by using a reverse mortgage to supplement their retirement income.  Rollover IRA and 401(k) accounts are among the few assets, that, when left to beneficiaries, subject the beneficiaries to income tax.  Some or all of that income tax can be eliminated by the use of the technique presented.

Barry Sacks, who developed the technique presented, has an educational background that includes both a law degree from Harvard and a Ph.D. in physics from MIT.  He has been a tax lawyer specializing in pension law for the last 40 years, and for the last 10 years has been selected by his peers for listing in “Best Lawyers in America.”  Using the quantitative skills he gained as a physicist and his experience in the pension world, he has developed (and patented) a software-based strategy for optimizing the retirement income drawn from 401(k) accounts and rollover IRAs. A direct result of using that strategy is the augmented value of the 401(k) accounts and rollover IRAs left to beneficiaries

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