A Roth IRA can be a valuable estate planning tool, offering the opportunity for tax-free growth as long as the account exists and requiring no distributions during your lifetime. These features allow you to pass on greater wealth to your family. While traditional IRAs are more common, there’s no time like the present to consider […]

To take full advantage of an IRA’s tax benefits, non-spouse beneficiaries must transfer the funds directly into an “inherited IRA.” Although the beneficiaries will have to begin taking distributions by the end of the following year, they’ll be able to stretch those distributions over their life expectancies.