Retirement accounts are often the most significant assets that clients own. As many may worry that their children will be less financially successful than they are, planning for retirement is more important now than ever before. But what is the best way to ensure that heirs will obtain the maximum benefit from your clients' retirement assets? A trust could be the appropriate beneficiary for your clients' IRAs.
In 2003, the rules for inherited IRAs were changed to factor a non-spouse beneficiary’s age into the required minimum distribution calculation, allowing them to “stretch out” minimum distributions over their lifetime.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access