Most people have worked for a large company or state employer during their lifetime. When they retire they must do something with their 401(k). We will conduct a comprehensive review of your existing 401(k) and help you transition this to an IRA in your name. We will explain how your beneficiaries can inherit your IRA (when you are no longer here) and “stretch” the payments of the IRA over their life expectancy so as to minimize federal income tax. This is known as the “stretch” IRA concept. This is not a produce, but a process.