We often get questions about what will happen to a person’s retirement account after they pass. Since one’s retirement account is often one of the largest assets in the estate, passing it to beneficiaries in the most advantageous way possible. Here are five things you need to know about inherited retirement accounts: Will my beneficiaries…
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In general, Americans tend to be pretty optimistic. Even in this struggling economy and difficult job market, most American workers will say that the future looks better and that good times are on the way. Most American workers are also optimistic that their financial situation will improve next year and that their retirement plans are…
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IRAs are among the largest assets inherited by heirs and beneficiaries. These accounts are able to grow to very large amounts because income taxes are deferred until the owner begins to take distributions, which usually happens after the owner reaches age 70 ½. Those who inherit an IRA must be very careful to follow the…
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