7 Must-Know Facts About Federal Income Tax Treatment of IRAs
Here’s how income taxes hit an IRA that is payable to a trust when the owner dies.
Natalie Choate
Natalie Choate is a lawyer in Wellesley, Massachusetts, who concentrates in estate planning for retirement benefits. Her book, Life and Death Planning for Retirement Benefits, is a leading resource for professionals in this field. The views expressed in this article do not necessarily reflect the views of Morningstar.
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Use this checklist to find the method that will work for your client.
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Here’s How the Proposed Secure Act Regulations Are Tougher on Older Beneficiaries
Once the IRA owner passes the required beginning date, the planning options for the IRA are limited. Here are four things an older IRA owner can do.
Tax-Timing Your Retirement
The effect of postponing RMDs and how to eventually start taking money out of your retirement plan.
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Leaving Retirement Benefits in Trust for Minor Children
These are the options available for parents who want to leave an IRA in trust for the benefit of a minor child.
Using Retirement Accounts to Provide for a Disabled Child
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Secure Act Proposed Regulations: Good News and...Other News
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New IRS Rules Help Young IRA Owners
IRA owners under the age of 59.5 now may be able to withdraw penalty-free money from their accounts.
New Year, New IRS Life Expectancy Tables
These new tables come just as America experiences a downtick in life expectancies because of the coronavirus and its reverberations.
The Secure Act, RMDs, and Beneficiaries: Another Wrinkle
Here’s what you need to know if you are a current holder of inherited benefits.
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Here's a checklist of potential tax issues and elections.
Now's the Time to Consider a Roth Conversion of Aftertax Money
Take advantage of this loophole before proposed legislation takes it away at the end of the year.
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A quick start guide simplifies planning choices for clients’ retirement benefits.
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An Executor's Guide to Inherited Retirement Benefits: RMDs
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A Sneak Preview of Secure Act Regulations
Changes to the minimum distribution rules get some added wrinkles from the IRS.
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How and When to Take Your RMD
There is no one best time to take the required minimum distribution.
Can a Trust Transfer an IRA to a Trust Beneficiary?
The answer is yes, but there are caveats.
Distributions in Year of Retirement: A Complicated Simple Question
The surprising fact about direct rollovers and required minimum distributions.
Indirect Roth IRA Contributions: Backdoor or Trapdoor?
The backdoor Roth contribution is a viable tool for some but not all clients.
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Providing for Disabled Beneficiaries After the SECURE Act
An applicable multi-beneficiary trust can solve some--but not all--of the challenges that the new act presents.
Is a Charitable Remainder Trust the Way to Beat SECURE Act?
It might be for clients seeking to provide a life income to a middle-aged or older individual and a significant charitable gift.
Providing for Minor Children After SECURE
The new law makes it more difficult for parents to set up an estate plan that maximizes the funds available for the care and education of their children.
Providing for the Surviving Spouse After SECURE
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Treasury Issues Favorable CARES Guidance--With a Tight Deadline
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