Entries filed under 'IRA Beneficiary Planning'

    Why Trusteed IRAs Are Becoming More Popular

    July 20, 2017 12:30 PM by Brian Dobbis

    If you want to control payouts to your heirs and avoid the time expense of setting up a trust, consider this simpler option.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    When it comes to naming a beneficiary, IRA owners have a lot of discretion on how their nest egg is divided up when they’re gone. The beneficiary can be a person. It can be an estate, charity, or trust, or it can be a combination of those options.

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    2017: Watch Out for New IRA Policies

    January 5, 2017 1:50 PM by Brian Dobbis

    Changes to "stretch" IRAs under a Trump administration could have significant tax implications for some retirement accounts. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    For all the political uncertainty surrounding federal spending and tax proposals, one thing appears certain: The money for ambitious fiscal policies will have to come from somewhere, and there is increasing concern that retirees might bear some of the cost.

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    Why Nest Eggs Inherited by an Estate Can Be a Yoke

    October 7, 2016 9:38 AM by Brian Dobbis

    What happens when an investor dies and leaves his or her estate as an IRA beneficiary?

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Naming an IRA beneficiary is one of the most important administrative tasks a retirement investor must complete. After all, the individuals(s) named on the beneficiary form will inherit your nest egg. Your will, surprisingly, is irrelevant in such matters. But mistakes do happen.

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    Naming IRA Beneficiaries: Don’t Rely on Your Will

    August 4, 2016 4:12 PM by Brian Dobbis

    Failing to name beneficiaries on retirement accounts is one of the biggest mistakes investors can make. Don’t forget that important step in the planning process. 

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Now that the dog days of August are upon us, it’s a fine time to conduct an informal beneficiary review for all retirement clients. The result of overlooking or neglecting beneficiary planning can be nothing short of ruinous. Broach the topic of beneficiary planning, in case some erroneous assumptions have been made. Too often they have.

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    IRA Season: The Advantages of Roth IRAs

    January 28, 2016 2:30 PM by Brian Dobbis

    You can fund Roth IRAs at virtually any age, even with the intention of passing them on to heirs. Beneficiaries inherit the potential to withdraw the funds tax-free.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    (Fourth in a six-part series)

    Individuals who are approaching or already in retirement shouldn’t be discouraged from establishing retirement savings accounts later in life.

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    For IRA Beneficiaries, a Little-Known Tax Break with a Big Impact

    November 19, 2015 1:30 PM by Brian Dobbis

    The so-called IRD deduction could soften the impact of estate taxes on inherited retirement assets. Here’s how it works.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    There is a large tax break available to people who inherit IRA or 401(k) plan assets—and most taxpayers aren’t even aware of its existence. It’s classified by the Internal Revenue Service as “Income in Respect of a Decedent” (IRD), and it’s worth a closer look from advisor and client alike. 

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    Heir Care: The Importance of IRA Beneficiary Designations

    October 15, 2015 3:10 PM by Brian Dobbis

    Make sure you are clear about what you’re leaving to whom and that your beneficiaries understand their inheritance options.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    Completing and periodically reviewing beneficiary paperwork is the single most important administrative task a retirement plan participant can take. Overlooking this seemingly easy step can lead to the wrong individual(s) inheriting your retirement nest egg.

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    IRA Beneficiary Planning: A Window on "See-Through" Trusts

    August 20, 2015 4:25 PM by Brian Dobbis

    Naming a trust as beneficiary of an IRA is one of the more complicated estate-planning tools. Advisors can be invaluable in helping their clients decide if this is right for them.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS 

    In my visits with financial advisors, I spend a lot of time talking about IRA beneficiaries and how clients can make sure their assets will be distributed in accordance to their wishes after they die.

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    How to "Stretch" Your Nest Egg When You're Toast

    December 19, 2014 4:35 PM by Brian Dobbis

    The Stretch IRA beneficiary option facilitates a potential multiyear intergenerational wealth transfer after an account owner passes away.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    Wouldn’t it be nice if your retirement nest egg could last for multiple generations? The Stretch IRA basically allows a named beneficiary upon the account owner’s death to control IRA payouts. The beneficiary effectively inherits a tax-deferred account, or if it’s a Roth, a tax-free account from which payments can be spread over a significant number of years. That allows tax-deferred compounding to continue, and taxes on the payments may be minimized or at least defrayed for a considerable period.

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    IRA Beneficiary Planning: When to Sweat the Small Stuff

    December 5, 2014 12:28 PM by Brian Dobbis

    Naming beneficiaries on each and every IRA account is critical if your clients want to ensure that the intended heirs receive the proper proceeds in a timely manner.

    THE ROAD TO RETIREMENT with BRIAN DOBBIS

    An often-overlooked retirement-planning topic is beneficiary planning. It can’t be stressed enough: Completing a beneficiary form for each and every retirement account your client owns is one of the most important administrative steps an accountholder can take.

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