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Is your IRA trust beneficiary a tax trap?
From Ken Rudzinski, Five-Star Wealth Manager, comes valuable insights and practical, timely strategies on a wide range of financial planning topics, including investments, retirement, insurance, taxes and estate planning.It is not unusual for one or more IRAs to be the largest asset in a person’s retirement portfolio. Is this you? It is also commonplace for people to name a revocable trust as the primary beneficiary of the IRA. If this is you, then you need to make sure your trust is a properly-established “see-through” trust. Otherwise, you will be dooming (Read more...)