2-Minute Tax Tip: What's a 'Stretch' IRA? Mark J. Kohler breaks down four things to think about when using a 'Stretch' IRA.
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In this video, Entrepreneur Network partner Mark Kohler discusses how to make the most of a "Stretch" IRA.
Whether you're a spouse beneficiary of an IRA or not, it's important to know the rules (like required minimum distributions) guiding your financial planning. If not, you could have as much as a 50 percent penalty on your IRA.
However, if you do it right, a "Stretch" IRA can be a powerful financial tool in your investment portfolio.
Watch more videos from Mark J. Kohler on his YouTube channel.
Related: 2-Minute Tax Tip: What's an Educational IRA?
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