FYI: Let's say your dad worked hard and built a big traditional IRA. Now he wants to leave it to you and your brother and sister. You and your siblings can make the money last longer by creating what's called a stretch IRA, one for each of you and your siblings. If you don't take that planning step, you'll end up sending a lot of the money to Uncle Sam in the form of taxes.
A stretch IRA is a popular strategy for extending the time that you can keep assets inside an IRA, where they continue to grow without earnings being taxed as yearly income.
It works by cutting the size of required withdrawals from the IRA. It makes sense if you don't need the payouts for living expenses because you have enough income from other sources.
Regards,
Ted
https://www.investors.com/etfs-and-funds/retirement/stretch-ira/
