IPB Tax, Trusts & Estates NewsletterPDF
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In This Issue:
- Tax-Efficient Planning for Large Retirement Accounts - Qualified charitable contributions, satisfaction of charitable bequests with IRAs, spousal beneficiary rollovers, and certain trusts may provide tax savings.
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.
- Roth IRA Conversions After the Tax Cuts and Jobs Act of 2017 - Account owners should weigh the advantages of the new top marginal income tax rate against the new prohibition on recharacterization after a conversion.
- Planning by Non-Spouse Beneficiaries for Inherited Retirement Accounts -
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.
- IPB in the News