Stretching is not only for the gym… if you have a "Stretch IRA" you can s-t-r-e-t-c-h out the taxes due on your inherited IRA (Individual Retirement Account). If you pay taxes later, you have more money to invest now! CPA and Estate Planning Attorney Jim Lange discusses with Doug how to best title and organize inherited IRAs so beneficiaries can defer taxes. Jim stresses the importance of setting up inherited IRAs properly in order to maximize the benefits of these accounts. Learn two critical mistakes people make when receiving an inherited IRA, and make sure that you prepare your paperwork properly. Investing for the future means that you're optimistic If you ask Doug whether his cup is half full or half empty, he'll say it's full of promise for the future. Doug discusses his favorite new technologies (self-driving cars!!! – listen to another interview on the topic), and summarizes how to decide what technology to choose for your long-term money. If you are optimistic that the economy is growing, look to the future and invest in the economy. If you think the future will be better than things are today, be a long-term investor, and choose to invest with an index fund, mutual fund, or money manager. Optimism isn't the only important trait long-term investors need. They also need patience. Listen to the show to learn why! You can follow at Jim Lange at paytaxeslater.com, where you can get a free download of Jim's book. Note that Doug doesn't give tax advice. He's a financial planner and investment advisor. For tax advice consult a certified tax advisor. If you're not already receiving updates on new episodes, sign up now, and as a special bonus, receive Doug's free ebook The Retirement Planning Book.