Adulting is hard, and it makes it difficult to think past the “here and now.” With retirement decades away for those in their 20s and 30s, planning might not be high on the priority list. The problem with this mentality is that it can drag on for years or even decades. According to the Motley Fool ,
1. Not taking advantage of the Stretch distribution option or not establishing it properly. The Stretch IRA is a way for each IRA beneficiary to maximize payouts over their life. Properly designating beneficiaries and informing them of the IRA owner’s Stretch intentions are key to making this strategy work. 2.