Tag: inheritance

Navigating the Latest Distribution Rules for Inherited IRAs

Few financial instruments carry as much significance as Inherited Individual Retirement Accounts (IRAs). These accounts passed down from generation to generation have long been essential for legacy planning.  However, the SECURE Act has made changes that have reshaped the landscape for those inheriting IRAs after 12/31/2019. These changes affect how beneficiaries access and manage these […]

6 Tips When Receiving an Inheritance or Windfall

Through what some are calling a “silver tsunami,”  experts predict around $84 trillion in wealth to be transferred over the next two decades.¹ The impact will likely be felt across various sectors of the economy, and it will require careful planning and adaptation to address this demographic shift’s opportunities and challenges.  If you are receiving an […]

Here’s What High-Earners Need To Know About Roth Conversions

Roth conversions are here to stay (for now), so here’s what they are, how they work, and how high-earners can consider leveraging them throughout their careers. What Is A Roth Conversion? A Roth conversion is a strategy that allows you to convert all (or a portion) of your pre-tax retirement accounts (IRA, 401k, etc.) into […]