The SECURE Act Brings the Biggest Changes to IRAs Since Their Inception – Part 3 - Protected IRA Plus Plan (PIPP)

The Protected IRA Plus Plan (PIPP) is a strategy of accelerating Traditional Traditional IRA withdrawals by taking substantially equal periodic withdrawals before RMDs are required, completing Roth IRA conversions and purchasing life insurance with long term care (LTC) or chronic illness benefits (Hybrid Life and Long Term Care Insurance).  If Roth IRA conversions are completed by age 71, RMDs that begin at age 72 can be avoided. Sine RMDs cannot be converted to Roth IRAs, they get forced out of future tax free tax sheltering and tax free growth.

The insurance policy leverages premiums paid (ideally, not using IRA withdrawals) into significantly more tax free LTC benefits and/or a tax free death benefit, while protecting the value of the IRA from financial market losses.

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Aaron Skloff, AIF, CFA, MBA

CEO - Skloff Financial Group

Phone: 908-464-3060

Estate Planning LinkedIn Group Manager