Roth IRAs are getting a lot of attention these days. I get a lot of questions about how to use a Roth IRA in an estate plan if you want to take advantage of tax-free growth your account will enjoy when you leave it to your children or grand children. Some retirees convert their IRAs to Roths even if they’re not convinced the move will pay off for them. Why? It will almost certainly pay off for their heirs. A Roth Read More
Using a Roth IRA as an Estate Planning Tool
A Roth IRA does not have to be used as just a retirement plan; it can also be a way to transfer assets tax-free to the next generation. Unlike a traditional IRA, contributions to a Roth IRA are taxed, which means that the distributions are tax-free. Also, unlike a traditional IRA, you are also not required to take any distributions on a Roth IRA, regardless of your age. If you don’t need the money for retirement, Read More
