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Kiplinger
Kiplinger
Business
Brandon Mather, CFP®, CEPA, ChFEBC®

Charitable Remainder Trust: The Stretch IRA Alternative

IRA CRT
An older couple stretch while sitting on exercise mats in a park.

You may have heard about it before. The "stretch IRA" was a popular estate planning tool embraced by people who sought to leave a financial legacy to their heirs in a tax-efficient manner. This strategy allowed beneficiaries of an IRA to prolong the inherited funds by withdrawing only the required minimum distributions (RMDs) annually. This had the potential to leave a large sum within the IRA, enabling beneficiaries to enjoy the tax-deferred growth of inherited retirement funds over their lifetimes.

Death and taxes: The end of the stretch IRA

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