Lower asset values combined with historically low interest rates may favor certain wealth transfer strategies such as GRATs.
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
Year-end is an opportune time to offer a beneficiary review to ensure that accounts are up-to-date.
Investors may want to consider using an IRA strategy to direct donations to charity and receive a tax advantage.
The federal government wants to update the life expectancy projections that investors use to calculate an RMD from retirement accounts.