Roth IRAs as an Inheritance Strategy
When your heirs inherit a Roth IRA, they are not required to take distributions, which allows the account to continue growing tax-free for up to ten years. This flexibility can be a significant financial boon, especially if your heirs are in their prime earning years and want to defer withdrawals until they are in a lower tax bracket. The question is, should you do a Roth conversion now? Here’s some of what we discuss in this episode: Is inheriting a Roth IRA a real positive? What are the primary investment asset types to inherit? Should older parents do Roth conversions to benefit their children’s inheritance? For additional resources or to contact David, visit us online at http://coveryourassetskc.com or call 913-317-1414.