IRAs & Your Estate
Found 32 Articles.
Get access to our full article archive by subscribing to Retirement Watch and Retirement Watch Spotlight Series.
Roth IRAs for Estate Planning
There’s a lot of focus on Roth IRAs these days. Often overlooked is that for some people, however, a Roth IRA’s greatest benefit is as an Estate Planning tool. Before making a decision, consider carefully the potential estate planning effects of the Roth IRA and add those to any income tax benefits. While no estate […]
Roth IRAs for Summer Work
Here is a power-packed way to help your grandchildren or children this summer. It gives them a financial incentive to work, but it also is a long-term incentive that will show them the value of saving and investing. Plus, you will provide them the core of a nest egg with Roth IRAs. The strategy is […]
Estate Planning for IRAs
Unique Estate Planning strategies are required for Individual Retirement Arrangements. Many people focus on how to build their IRA balances and how much to withdraw. The treatment of IRAs in estate planning often is overlooked. An estate plan for IRAs should answer these questions: What will be the estate tax and income tax bills? Who […]
Should you put your IRA in a Trust?
Many owners of substantial IRAs hope their IRAs become nest eggs for their children or grandchildren. Their estate plans include strategies that let the IRAs, when inherited, compound for as long as possible – perhaps decades. That means selecting the right beneficiaries, and being sure the beneficiaries are well-advised about their options. Unfortunately, beneficiaries often […]
IRAs for Grandkids
Grandparents can give a big boost to the finances of their grandchildren who earned money from summer jobs. They can help make contributions to a Roth IRA and begin building a tax-free nest egg. A contribution to a Roth IRA can be made by anyone who has earned income and whose adjusted gross income is […]
Estate Planning: IRAs and Trusts Part II
One year ago we thought the IRS cleared up the rules regarding trusts that inherit IRAs. It turns out the IRS was setting new traps for some taxpayers. Some taxpayers who named trusts as IRA beneficiaries might have to rewrite those trusts. A trust can provide an extra layer of protection for your wealth. An […]
Estate Planning Strategies: Trusts And Your IRAs
Trusts can solve many problems, making them a vital estate planning tool. When an IRA is involved, however, trusts must be used with great care. The IRS changed the rules to make things easier, but all the rules still aren’t clear and traps remain. Trusts are a good way to leave wealth to those who […]
The Estate Planning Time Bomb In Many IRAs
Financial services firms are lagging behind the IRS in making it easier to pass IRA wealth to succeeding generations. Because of this, the key document used in wealth transfer plans frequently is a time bomb. It is neglected or isn’t properly completed. The beneficiary designation form is the key document for passing on wealth held […]
