A Brief Look at Inherited Retirement Accounts.

If you have any type of retirement account — a 401(k), IRA or pension—estate planning for these accounts is critical. Inherited Retirement Accounts. For tax purposes, retirement accounts are considered to be “income in respect of a decedent.” As such, any amounts withdrawn from non-Roth accounts are subject to income tax at the beneficiary’s ordinary [...]

By | 2018-06-16T20:34:07+00:00 July 27th, 2018|Estate Planning, Trusts, Wills|0 Comments