Strategies to Protect Your Client's IRA Using Medicaid Annuities
Aaron Kempen
Krause Financial
Approved for 1 general CLE credit
Description: IRAs can pose a challenge to attorneys engaging in Medicaid planning, but a properly structured Medicaid Compliant Annuity can help. Join Krause Financials' Senior Relationship Manager, Aaron Kempen, as he discusses strategies for spending down your client's IRA.
Aaron will cover:
- How IRAs are treated under the Illinois Medicaid program.
- Best practices for structuring the annuity, and how to avoid taxes when transferring the account.
- In-depth case studies, including an illustration of the "Name on the Check Rule.
About Aaron Kempen
In 2011, Aaron joined the team as a Benefits Planner before transitioning to be the Director of Business Development, then Senior Relationship Manager. In his current role, he spends most of his time meeting with new and prospective clients, educating them about how to use Medicaid Compliant Annuities to accelerate their client’s Medicaid eligibility while protecting as many of their assets as possible. Aaron travels multiple times per month to sponsor or exhibit at elder law and estate planning events across the country. All in all, Aaron’s main goal is to provide the information and education attorneys need regarding how to properly use our products as well as how to streamline Medicaid crisis planning into their practice.
Aaron earned bachelor’s degrees in finance and economics from the University of Wisconsin–Milwaukee. He has prior experience working as a financial consultant, which taught him a lot about personal finance, retirement accounts, and the various investment vehicles that are available. This experience has helped him advise clients on how to handle certain accounts and how to move those accounts into a Medicaid Compliant Annuity. Aaron has certifications in FINRA Series 7 and 63 and is licensed in life and health insurance.
While in his previous role, Aaron developed an interest in moving toward financial wholesaling. When he heard about Krause, he was drawn to the company and felt his goals aligned perfectly. Since then, he remains excited about the opportunity to provide relief to seniors. Not only are they dealing with the stress of moving a loved one into a nursing home, but they also have a financial firestorm that is rapidly depleting their life savings. Knowing that our company has the strategies and tools needed to put out that fire and provide certainty and relief to the client is something that Aaron appreciates every day.
