Be Cautious When Naming Beneficiaries for Your IRA
February 18, 2019
Bottom Line, Inc.
As many readers are aware, IRAs can offer many benefits including the ability to defer taxes on the money placed in the retirement account and possibly to take tax deductions on contributions. But as important as these tax benefits are for the IRA owner, if the designation of IRA beneficiaries is not carefully considered, there may be several unintended consequences…
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