If you have a Roth or a traditional IRA, you have entered into a custodial agreement with a financial institution. If you have a qualified pension plan, you have a plan provision that sets the rules by which you will accumulate your savings balance; and later, how it will be distributed to you or your heirs.

Reading these documents can be heavy sledding; often dozens of pages of legalese. That is why few IRA owners ever take the time to fully review the language and contents of custodial agreements. However, an experienced, professional financial advisor can explain how certain kinds of agreements and plan provisions restrict your ability to defer tax. In fact, most custodial agreements will make the federal government the primary beneficiary of your retirement account!

At America's IRA Centers™, we are experts on custodial agreements; especially on key provisions that grant you the flexibility to "stretch" both the tax savings and the required distributions in your IRA beyond your own life expectancy. The net result can ensure a huge inheritance-often several million dollars passed to heirs. This strategy is called a multi-general IRA (MGIRA), and you will want to be sure that your custodian doesn't restrict or inhibit your ability to implement this powerful-and perfectly legal-strategy.

Also: custodians may revise or update their agreements over time. Data and documents may also be lost. If you have held your IRA for a decade or more, your custodian may not even possess a copy of your original agreement! Aaron Hersch, managing director of Denver's America's IRA Centers™ can arrange a review of your custodial agreement, and learn if a MGIRA strategy should be part of your retirement plan.

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 Aaron Hersch today at 303-779-4727 to arrange your custodial document review.

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 community-based resources 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.