We previously discussed the options available to a surviving spouse inheriting a qualified retirement account. This article will address the options available to a non-spouse beneficiary inheriting a qualified retirement account. Just for a brief reminder, for purposes of this article, the term “retirement account” will be used to encompass all qualified retirement accounts, meaning […]
Inherited Retirement Accounts Part I: Spouse Beneficiary
Jennifer Santini
April 13, 2012
April 13, 2012
There is often confusion about what to do when a beneficiary inherits a retirement account. The answer is… it depends. There are different factors to determine the best course of action, such as the beneficiary and the age of the decedent. For purposes of this article, the term “retirement account” will be used to encompass […]
2010 Roth IRA Conversion
Jamie Held
November 14, 2010
November 14, 2010
Do not miss out on an unprecedented retirement and estate planning opportunity. During 2010, converting “traditional” IRA accounts into “Roth” IRA accounts present some unique opportunities. TRADITIONAL vs. ROTH A traditional IRA is an individually-owned retirement account in which the owner can receive a tax deduction upon the contribution of assets (maximum of $5,000 for […]