Tag Archives: IRA as an estate planning tool
Estate Planning Tips for Wealthy Retirees After the SECURE Act
The Setting Every Community Up for Retirement Enhancement (SECURE) Act, recently signed into law by President Trump, has some wide-reaching impacts, particularly in the realms of retirement and estate planning. The main effects of the law are that it modified required minimum distribution rules for retirement plans, expanded retirement plan access and increased lifetime income […]
Answering Frequently Asked Questions About IRA Beneficiaries
Based on whom you name as beneficiary of your individual retirement account (IRA), there are ways you can extend the benefits far beyond your standard tax-deferred withdrawals. In fact, you can keep the money growing throughout the lives of your children or grandchildren. After a certain point, you must begin withdrawing money from your IRA […]