Long list of mistake made with IRA rollovers may prove expensive to clients. Woodland Hills, Calif.-based registered investment advisory Winer Wealth Management, has begun to offer clients the Complete IRA Care Solution, a planning program for individual retirement account (IRA) distribution as well as planning for 401(k)s and other qualified plans.

The Complete IRA Care Solution is meant to help advisors steer clients clear of mistakes that may later prove expensive to them.

Things to think about

"With proper planning, an individual can parlay even a modest IRA into substantial multigenerational wealth," says Winer Wealth CEO Rich Winer.

Unfortunately, adds Winer, "most people -- including [accountants], estate-planning attorneys and financial advisors -- know so little about IRA distribution planning [that] they make mistakes and oversights that almost always result in the IRA owner and his beneficiary having to pay a fortune in excess and often unnecessary taxes."

Designed by Ed Slott of Rockville Centre, N.Y.-based Elite IRA Advisor Group, the program addresses 150 aspects of aspects of IRA distribution planning and 401(k) planning.

"These are the key issues that will determine how much of an individual's retirement account will be left after taxes to support the IRA owner and his beneficiaries and how much will go to the government," says Winer, whose firm is a charter member of Slott's Elite IRA Advisor Group. -FWR

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