Video: Planning strategies for designating heirs under new 10-year rule
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
The new 10-year rule resulted in several planning considerations for investors as they choose beneficiaries for estate plans.
The SECURE Act recast the rules for leaving retirement assets to heirs, creating challenges for beneficiaries and conflicts with certain trust strategies.
The SECURE Act brings significant changes to retirement accounts and introduces a new 10-year rule for inherited retirement assets.
The SECURE Act became law in December and introduced many changes to retirement accounts, including a new 10-year rule for IRAs signaling the repeal of the stretch IRA strategy.
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.
With new limits to tax deductions under tax reform, investors may consider lumping charitable gifts into one year to achieve a tax deduction.
Most families do not want to think about losing a loved one. But creating a checklist for family members may help them navigate a difficult situation.
The focus in estate planning has shifted to income taxes, including strategies for the step-up cost basis, a planning consideration to manage capital gains.