Individual Retirement Arrangements (IRAs) and Roth IRAs can serve two primary functions in retirement planning: income or legacy. That is, you may contribute to an IRA over your lifetime with the sole intent of deriving income in retirement; a supplement to Social Security or other investments. Other investors may be able to sustain their lifestyles and meet obligations without needing some percentage of their IRAs. If those individuals have heirs, they may want to pass on the unused portion of an IRA to spouses, children, or even grandchildren. That is a legacy strategy.

The biggest obstacle to an IRA legacy strategy is-believe it or not-the federal government. Congress created IRAs to help promote saving and to encourage citizens to plan for their retirement. However, it never intended for Americans to accumulate funds and defer taxes indefinitely. And, unless an IRA owner takes a series of specific steps to defer tax liability, the IRS stands to take 35-90 percent of those hard-won IRA funds upon the death of the owner.

However, those often onerous tax codes also allow for what is termed a "stretch;" that is, an opportunity for the IRA owner to turn that IRA balance into an inherited asset that can grow tax-deferred (or tax-free, via a Roth arrangement) across multiple generations of beneficiaries. The potential payout from a MGIRA can be a huge multiple of the original account-millions of dollars in some instances!That is the power of a Multi-Generational IRA (MGIRA). Keep in mind that a MGIRA is not an account that you open; nor is it something that you select from a menu of financial services. MGIRA is an IRA distribution strategy-a perfectly legal strategy, clearly defined by existing tax law.

The experts at Denver's America's IRA Centers™ can explain for you that implementing a MGIRA strategy involves naming all beneficiaries-primary, and secondary (or contingent) beneficiaries. (Because of this, a beneficiary review of current accounts is essential.) The process may also involve completing some special IRS paperwork, and making the proper "elections" on the forms. And also be advised that a MGIRA is not the kind of asset that can be administered through a will. IRA proceeds are not distributed through wills-they are only distributed through beneficiary designations! America's IRA Centers™ will gladly describe for you in greater detail how a MGIRA works, and help you decide whether or not this powerful legacy option is suitable for you.

Benefits of a Multi-Generational IRA:

· Allows the asset to grow, tax-deferred or tax-free, beyond the lifespan of the original owner

· Creates a financial legacy for your heirs

· Uncle Sam will no longer be primary beneficiary of your retirement account, and

· Helps in estate planning and distribution of your assets after death

America's IRA Centers™ is the nation's only locally-based financial services provider that specializes in IRAs and retirement distribution planning. Denver's America's IRA Centers™ is located at 7800 E Hampden Avenue, Suite 51, in the Tiffany Plaza shopping center, near the corner of East Hampden Avenue and Tamarac Drive. Call today at 303-779-4727 to arrange an initial consultation regarding multi-generational IRAs.

About America's IRA Centers

America's IRA Centers TM offer specialized services in retirement distribution planning, Roth IRA conversions, rollovers from qualified plans, and the emerging arena of Multi-Generational IRAs. America's IRA Centers TM is a community-based resource staffed by local professionals with years of experience in financial planning, safe money solutions, and those aspects of the federal code that impact retirement distributions. Learn more about America's IRA Centers TM, at www.americasiracenters.com or call 888-760-4945.