It may sound strange, but this technique can work well in some circumstances.
Roth IRAs offer significant tax benefits, but these transactions are on the Internal Revenue Service's radar.
Plus: Investor.gov is looking out for you, there's a reason we've had so few IPOs this year, and take seven minutes and get your heart pumping
Share these timely IRA reminders with your clients and their CPAs.
UPDATE: Here's some help for deciding what to do in retirement
There are some legal mandates for keeping IRAs separate, as well as possible beneficiary- and investment-related reasons.
A fully-qualified inherited Roth IRA is the holy grail of estate planning because Roth distributions on inherited Roth IRA ’s are completely income-tax free in accordance to regular Roth IRA rules , giving them a major advantage of an inherited Traditional IRA or 401k, and surviving spouses can elect to treat the inherited Roth IRA as their own, meaning no required minimum distributions (RMDs). However, inherited Roth’s do unfortunately count for estate tax purposes. In regard to paying income tax, there are two exceptions that can effect the tax-ability of the Roth IRA after the death of the account holder: As a rule, the 10% penalty for early distribution does not apply in this case, unless the spouse of the deceased opts to handle the Roth IRA as his or her account and then takes an early withdrawal
These errors can jack up tax--and opportunity--costs.