Members Trust Company has been at the forefront of Trusteed IRA solutions, designed to combine the tax benefits of an IRA account with the flexibility and control of a trust.
In January 2020, the SECURE Act was passed, which limits the traditional lifetime stretch-out to 10 years for most beneficiaries. Now, with our new FlexIRA, your members can customize their retirement account and attendant estate plan to meet their needs. If things change, they can even upgrade their plan in the future, at no additional cost.
Lump sum available to beneficiary
√ Beneficiary’s Choice
Limits payout to stretch 10 years or lifetime, depending on applicable law, with optional distributions for beneficiary’s health, education, maintenance & support
√ Account Owner's Choice
IRA payout to Inheritance Protection Trust, Special Needs Trust, and/or Charitable Trust, with Members Trust Company serving as corporate trustee
√ Account Owner's Choice
Standing by to support you in meeting your members’ needs.