Take care when choosing IRA beneficiaries
$225.00
Description
Abstract: Failing to designate a beneficiary, or choosing the wrong beneficiary, for a traditional IRA can have significant tax implications. Why? Because with traditional IRAs, distributions are taxable. In addition, an IRA’s beneficiary designation affects the speed with which the remaining funds must be distributed after the IRA holder dies. This article explains the consequences of not naming a beneficiary.
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