Estate Planning

Non-spouse beneficiaries cannot do IRA rollovers as per IRC Section 408(d)(3)(C). Nor can they use the 60-day rollover rule. However, they can possibly move...

When it comes to the spouse inheriting the IRA, the spouse gets special flexibility. (This should make you feel good that you’ll be dead...

When people set up beneficiaries for their IRAs, they don’t know what the future holds. Assume a simple situation where the the IRA owner...

Given the rate of divorce, it’s critical to address how your retirement assets get handled. The question is “does your spouse have an interest...

That is not a bet you should make. For even if the tax goes away, the income tax “step-up-in-basis” provision for the most part...

Given that you’re reading this book and you may not be a CPA or financial advisor, it indicates that you have a strange reading...

Life insurance Earlier, we showed how a large IRA in a significant estate can be burdened with an 86% combined tax (federal income tax, state...

Here are the steps, and we’ll discuss them in order of priority: Separate your portion from other IRA beneficiaries. Retitle the IRA. Name a beneficiary. Move it to...

Retirees of any age with large IRAs must understand that their IRAs can be hit with estate and income taxes when they die. And...

Suppose that the owner of an IRA or company plan dies before his or her RBD without naming a designated beneficiary? The beneficiaries must then...