Forbes: “An inherited retirement account is more than a simple pot of cash. Often, an heir can stretch out withdrawals from an individual retirement account over his or her life expectancy, gaining decades of tax-deferred or (in the case of a Roth IRA) tax-free investment growth. But the IRS rules for doing this can be [...]
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North Carolina Estate Planning Blog: “When it comes to inheriting an IRA, spouses have more flexibility than other heirs. Here are the basic rules;” Forbes: ” I was a guest on an estate planning radio show recently when a listener from Traverse City, Mich., phoned with an eye-opening question. ‘Do I have to convert a traditional IRA to a Roth to make it a ‘stretch’ IRA?‘ she asked. The short answer is: Absolutely not. But what a [...] Forbes: “After you grab your employer’s 401(k) match, it’s time to fund an IRA. But which kind is best? Almost everyone who has earned income can benefit from using an Individual Retirement Arrangement, or, as they’re more commonly called, an Individual Retirement Account. IRAs come in several different versions, each with its own [...] Forbes: “More Americans will be handing down IRAs to their kids. A new decision suggests it might be a creditor proof inheritance. But nothing is certain yet. In what estate planners and bankruptcy lawyers are saying could be a significant case, a federal bankruptcy judge in Minnesota has allowed a bankrupt woman to [...] Forbes: “If you miss the 60-day rollover deadline, will the IRS be sympathetic? You can move wealth from a company pension plan, a 401(k) or traditional Individual Retirement Account into a traditional IRA without owing any taxes in what’s known as a ‘rollover.’ . . . a surprising number of taxpayers make mistakes [...] Forbes: “Common pitfalls include high costs, poor performance. Investors in independent retirement accounts are paying considerably more in fees on average than are those enrolled in company-sponsored 401(k) plans.” |
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