Follow links to the IPB Tax, Trusts & Estates Newsletter
In This Issue:
Primer on Traditional IRA, Roth IRA, and Roth 401(k) Accounts and Distribution Rules - Income tax, penalties, and/or RMDs may apply to an account, while delaying RMDs until 70-½ may reduce taxes due to lower tax bracket, relocation, or passing accounts to next generation.
Considerations when naming a non-spouse beneficiary include the beneficiary’s age, type of IRA, using a trust to hold an account, and changes in “kiddie tax” rules.
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