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IRA Legacy Planning

IRA accounts have become one of the most prominent types of accounts inherited by beneficiaries. Suppose you don’t anticipate needing your IRA money in retirement. In that case, you may wish to consider a legacy planning strategy to reduce taxes and increase the payout your beneficiaries will inherit upon your death.

A properly structured IRA may provide your beneficiary(ies) with a regular stream of income while leaving the balance of IRA assets invested for tax-deferred growth. The result may yield substantially more money paid out over the course of your beneficiary’s lifetime. We can help you evaluate your financial situation to determine if IRA legacy planning may be the best means for ensuring a long-lasting inheritance for your heirs. We have experience with the latest laws affecting inherited IRAs, including the S.E.C.U.R.E Act, and can help you plan accordingly to avoid issues down the road.