Turn your IRA into an estate-planning tool

Principal Bank offers a stretch provision for all Individual Retirement Accounts. This strategy, commonly referred to as the "Stretch IRA" can be a smart estate-planning tool if you don't intend to use your IRA as a significant portion of your retirement income.

The stretch provision creates the potential for your hard-earned savings to benefit future generations. With proper estate planning, the stretch provision allows you to potentially leave your loved one(s) a nest egg or income stream many times greater than its original value.

The power of the stretch results from:

• Proper beneficiary designations
• You (and your beneficiaries) taking only the required minimum distributions, giving the assets the opportunity to grow tax deferred.

Be sure to ask a Personal Banker at 1.800.672.3343 about this estate-planning tool.