Products August 14, 2008
Principal Introduces Beneficiary Planning Tool
August 14, 2008 (PLANSPONSOR.com) - A new
beneficiary planning tool from Principal Funds aids financial
professionals in helping their clients design a personal and
effective wealth transfer strategy while avoiding large and
potentially unnecessary tax bills.
Reported by Rebecca Moore
The beneficiary planning guide for financial professionals includes tips on how to:
- conduct a comprehensive beneficiary review using a simple checklist,
- maintain timely contact with clients,
- organize a family meeting, and
- host a beneficiary planning seminar to reach a larger audience.
In addition, a guide for financial professionals to share with investors features a one-page, quick-reference chart that compares how different beneficiaries are affected by their choice of distribution when IRA assets are transferred. The guide also answers questions on how to:
- properly designate beneficiaries,
- preserve assets for beneficiaries, and
- manage tax-deferred growth, taxes and penalty issues.
Financial professionals can call 800-787-1621 (800-451-5447 for Princor Registered Representatives) or visit www.principalfunds.com/beneficiaryplanning for more information.
You Might Also Like:

IRS Again Extends Physical Presence Requirement Relief
The agency is still considering whether to make permanent relief from the requirement for certain elections to be witnessed in...

New Limits for HSAs to Account for Inflation Growth
The limit for individuals with self-only coverage will increase by $200, and the limit for those with family coverage will...

IRS Publishes Additional 403(b) Plan Document Guidance
An information package contains a listing of required modifications and sample language for nearly any provision a plan might include.